World Military Ammunition Market Analysed & Forecast in New In-demand SDI Research Report Published at MarketPublishers.com28 Nov 2013 • by Natalie Aster
LONDON – The worldwide military ammunition market is poised to exhibit a 2.24% CAGR during the next ten years, driven primarily by persistent military weapon upgrades, along with existing insurgencies and never-ending conflicts among nations worldwide on grounds of territorial disputes and terrorism. In 2013, the value of the overall military ammunition market stood at more than USD 6.09 billion, and it is anticipated to surpass the USD 7.59 mark by 2023. North America is expected to capture the biggest share of the world’s total expenditure on military ammunition, despite the US government’s aim to reduce its military presence in Afghanistan, with 34,000 troops set to be stationed in the country by February 2014; as well as the nation’s high budget deficits.
Reducing the weight of ammunition without deteriorating combat performance is one of the main challenges faced by the military ammunition industry worldwide. The US troops’ withdrawal from Afghanistan is set to adversely impact the overall military ammunition sector, with Western countries’ presence being mainly restricted to support missions.
New research report “The Global Military Ammunition Market 2013-2023” created by Strategic Defence Intelligence (SDI) provides an insightful guide to the world military ammunition market.
The research study presents a detailed market analysis, discloses historical and current industry values, examines the key factors driving and restraining the growth in the sector, and also outlines the predominant market challenges and opportunities. It evaluates the competitive pressure in the global military ammunition marketplace, reviews the leading market participants, features the latest industry related news, offers SWOT analysis of the market as a whole, and benchmarks the industry against the globe’s leading markets. In addition, a thorough discussion of the market’s growth prospects along with detailed market forecasts through 2023 is provided in the report.
The Global Military Ammunition Market 2013-2023
Published: November, 2013
Price: US$ 4,800.00
Other Research Reports on Defense Market Prepared by SDI Include:
- Defense Business Confidence Report Q4 2013
- The Global Military Fixed-Wing Aircraft Market 2013-2023 - Competitive Landscape and Strategic Insights: Market Profile
- The Global Military Fixed-Wing Aircraft Market 2013-2023 - SWOT Analysis: Market Profile
More new market research reports by the publisher can be found at SDI page.