The small caliber ammunition market is estimated to USD20.40 billion in 2019 and expected to exhibit a CAGR of 3.9% from 2019-2028. Small caliber ammunition is emerging as one of the fastest moving segment owing to the rise in demand for mild sports shooting activities using pistols and rifles. The increase in terrorism all over the world is directly contributing to the development and growth of the Global Small Caliber Ammunition Market.  The main items are short and handguns which are used for safety purposes.

Top Driver: Robust Demand for Military Forces and Rising Terrorist Activities

The Increase in Terrorist activities is the main cause of the growth of the Global Small Caliber Ammunition Market. Many military forces are using small-caliber ammunition which is positively contributing to this market. Moreover, these are also used for individuals for their personal safety reasons.

In many parts of the world, the increasing production of short guns and rising imports and export are skyrocketing demand. Additionally, the increasing number of training courses and shooting competitions are likely to contribute to growth. Therefore these items are increasing their demand for individuals as well as for military services to use against their self-defense and country defense.

Copper segment to Make Crucial Contribution to Growth of Global Small Caliber Ammunition Market

Based on the bullet type, the market is categorized into brass, copper, lead and others. Out of these, the copper segment held 42% small caliber ammunition market share in 2019. It is observing that the demand for Copper segment is increasing continuously during the forecast period of time because of their many advantages like they are less in weight but consistent and very fast.

The other segments of the markets are full metal jacket ammunition, Tracer ammunition and Armor Ammunition which are also contributing to the growth of Global Small Caliber Ammunition Market and expected to grow further during the period of 2019-2028.

Rising Investments in Small Caliber Ammunition and Research to Benefit North America Market

The market is segregated into Europe, NorthAmerica, Asia Pacific, and the rest of the world. From this market North America procured USD 4.40 billion caliber ammunition market revenue in 2019 and expected to grow further during the forecast period of time because of increasing modernization in US Army practices globally to defend their nation. Following North America, Asia Pacific Market is also expected to grow during the forecast period of time as they also have major concern for their safety, terrorism and defense. Many governments in this region are increasing their defense budget annually to strengthen them in the safety perspective.

Players to Focus on Expanding Applications in Global Small Caliber Ammunition Market

Although there are many key players in the market and many are coming as new entrants but Elbit system ltd., and BAE system along with others could be at the forefront of the competition in the caliber ammunition market.

Elbit system ltd.They announced that it bagged a contract worth USD 144 million from the Israeli ministry of defense (IMOD). They are providing small caliber ammunition to Israel for their defense. Its duration is five years. Therefore they are considering a major key player in the market and expected to grow and hold major share in the Global Small Caliber Ammunition Market.

BAE system: A European based company which is providing strong defense systems globally is holding a big percentage of shares in the Global Small Caliber Ammunition Market. Their design and manufacturing system is very unique. They provide ammunition, combat vehicles. Their global customer base is very large and they can prepare one million rounds a day for arms ammunition which includes ball, blank nature and tracers. They are continuously grabbing the market share and expected to grow further during the forecast period of time.

Scope of the report

By type

• Full Metal Jacket Ammunition
• Tracer Ammunition
• Armor Piercing Ammunition
• Other Ammunition

By application

• Military
• Commercial
• Law enforcement
• Federal law enforcement

By end-user

• Law enforcement agencies
• Homeland securities

By region

• North America
• Asia pacific
• Europe
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.