Global Military Ammunition Market to Post 1.52% CAGR to 2026, Forecasts SDI in Its Topical Research Report Published at MarketPublishers.com
14 Dec 2016 • by Natalie Aster
LONDON – Worldwide, the military ammunition marketplace is set to gather steam in the offing, posting a 1.52% CAGR through to 2026.
The main factors that are poised to give a boost to the demand for military ammunition include the ongoing procurement expected to be accomplished by key defense spending nations that are presently drawn into conflicts, and emerging market economies engaged in various territorial disputes and putting up resistance to insurgencies. Additionally, the market demand is likely to be positively influenced by the need to sustain an adequate inventory of ammunition for military forces from pole to pole and an upsurge in the demand for simulated ammunition.
The market will likely be led by the rockets and others segment in the years to come, with the artillery and small caliber ammunition segments following after.
Geography-wise, North America is projected to capture the major share (48%) of the total market. The APAC region, led by India, China, Japan and South Korea, is likely to be the second-largest market for military ammunition. Across Europe, Russia, the UK and France grab the bulk of the market share. The Middle East, Latin America, and Africa together account for 14% of the overall military ammunition spending.
Topical research study “The Global Military Ammunition Market 2016-2026” drawn up by Strategic Defence Intelligence gives an all-round, unprejudiced analysis of the market worldwide.
It offers a granular examination of the industry with forecasts of the market size for the next 10 years; examines the key demand drivers and growth propellers; identifies the latest developments and challenges faced by various market participants. A detailed segment analysis is also included in the report, and is a regional overview of the marketplace with insights into major markets in each region. It also details the key programmes in each segment, which are set to be executed moving forward. The report canvasses the competitive scenario in the global market, alongside providing an in-depth overview of the leading players covering their products, contract wins, alliances, and financials.
More insightful reports by this publisher can be found in the SDI catalogue.