According
to a new market report “Ammunition (Defense, Homeland Security and
Others) Market – Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2013 – 2019,” published by Transparency
Market Research, the market for ammunition globally is forecast to
reach USD 10,093.1 million by 2019. Recently, rising conflicts in
several nations due to territorial disputes and growing crime rates
across the globe are supporting the growth of ammunition market.
Browse
Ammunition Market Report with full TOC at
http://www.transparencymarketresearch.com/ammunition-market.html
Globally,
the ammunition market was valued at USD 9,235.8 million in 2012 and
is forecast to grow at a CAGR of 1.3% from 2013 – 2019. Different
types of munitions are used by defense departments, federal and
private security agencies, R&D divisions and others. Among all,
highest revenue share was recorded by the defense sector in 2012,
which was accounted for more than 50% of revenue share. This is due
to the increased responsibilities of state defense departments for
prevention of terrorist attacks and response attentiveness. In order
to reinforce security initiative and to stay battle ready, defense
organizations worldwide adopt different kinds of ammunitions such as
missiles, small arms ammunition, torpedoes, warheads and grenades
among others. Among these ammunition products, small arm ammunition
is emerging as leading segment which together with missiles and
warheads accounted for 54.2% of the market share in 2012.
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Free Sample Report at
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Different
types of ammunition are large caliber, medium caliber, small caliber,
artillery, mortar ammunitions among others. Among these large
caliber, artillery, mortar ammunitions are emerging as potential
segments. Geographically, North America is anticipated to remain
largest market for ammunitions owing to the increased military
spending and the rising popularity of hunting and sport-shooting in
this region. Europe and North America had collective revenue share of
68% in 2012.
Ammunition
market is concentrated with few dominating national and multinational
firms with substantial capital and recourses. Well-known industry
participants such as Alliant Techsystems Inc., Rheinmetall AG and
General Dynamics Corporation are considered to have a dominant
position in the market and together accounted for more than 38% of
the market share in 2012. These players have well-developed resources
and strong R&D capabilities to meet industry demand. Other
vendors in the market include Expal – Maxam group (SP), Diehl (D,
group and Defence BU), EAS Hellenic Defence Systems – Pyrkal (GR),
BAE Systems, and Nexter among others.
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