Straits Research Releases Comprehensive Ammunition Market Report

Global Ammunition Market Size and Growth

Straits Research is pleased to announce the release of its latest report on the global Ammunition Market. The market size was valued at USD 24.32 billion in 2024 and is projected to grow from USD 25.08 billion in 2025 to USD 32.07 billion by 2033, at a compound annual growth rate (CAGR) of 3.12% during the forecast period (2025–2033). This growth is driven by increasing defense budgets, rising geopolitical tensions, and the growing demand for ammunition in both military and civilian applications.

Drivers in the Ammunition Market

The primary drivers of the ammunition market include the modernization of military equipment, the increasing need for advanced ammunition, and the rising demand for personal protection and hunting activities. Governments worldwide are investing heavily in defense to enhance their military capabilities, which in turn is boosting the demand for ammunition. Additionally, the growing popularity of shooting sports and hunting is contributing to the market's expansion.

Request a Sample Report of Ammunition Market

Key Developments in the Ammunition Market

Recent developments in the ammunition market highlight advancements in technology and strategic partnerships. Companies are focusing on developing lightweight and high-precision ammunition to meet the evolving needs of modern warfare. Innovations such as smart ammunition and environmentally friendly rounds are gaining traction. Strategic collaborations between key players and defense organizations are fostering innovation and expanding market reach.

Top Key Players

The ammunition market is highly competitive, with several key players driving innovation and growth. The top companies in the market include:

1.Northrop Grumman Corporation
2.FN Herstal
3.Olin Corporation
4.General Dynamics Corporation
5.BAE Systems, Inc.
6.Rheinmetall Defense
7.Nexter KNDS Group
8.Hanwha Corporation
9.ST Engineering
10.Remington Arms Company, LLC
11.Vista Outdoor Operations, LLC

Segmentation Analysis of the Ammunition Market

The report provides a detailed segmentation analysis of the ammunition market based on caliber, product, and end-use outlook.

1. By Caliber Outlook:
   1. Small Caliber
      1. 5.56 mm
      2. 7.62 mm
      3. 7.62 x 51 mm
      4. 7.62 x 39 mm
      5. 9 mm
      6. 9 x 18 mm
      7. 9 x 19 mm
      8. Others
   2. Medium Caliber
      1. 23 mm
      2. 30 mm
      3. Others
      4. Large Caliber
      5. VSHORAD
      6. 122 mm
      7. Others
2. Rockets, Missiles, and Other
   
   1. Tank Ammunition
   2. Artillery Ammunition
3. By Product Outlook:
   1. Rimfire
   2. Centerfire
4. By End-Use Outlook:
   1. Civil & Commercial
   2. Sports
   3. Hunting
   4. Self Defense
   5. Defense
   6. Military
   7. Law Enforcement

Growth Factors

Several factors are driving the growth of the ammunition market. The increasing defense budgets of various countries, driven by rising geopolitical tensions and the need for military modernization, are major growth drivers. Additionally, the growing demand for ammunition in civilian applications, such as personal protection and recreational shooting, is contributing to market expansion. Technological advancements in ammunition design and manufacturing are also playing a crucial role in market growth.

Opportunities

The ammunition market presents numerous opportunities for growth and innovation. The development of smart ammunition and environmentally friendly rounds offers significant potential. Additionally, the rising demand for advanced ammunition in emerging markets, driven by increasing defense spending and improving defense infrastructure, presents lucrative opportunities for market players. Companies investing in research and development to enhance the capabilities of ammunition are well-positioned to capitalize on these opportunities.

Buy Ammunition Market Report here!

Conclusion

The global ammunition market is poised for substantial growth, driven by increasing defense budgets, rising geopolitical tensions, and the growing demand for ammunition in both military and civilian applications. Companies that leverage technological advancements and strategic partnerships will be well-positioned to succeed in this dynamic market.

Why Straits Research?

Straits Research is a leading provider of business intelligence, specializing in research, analytics, and advisory services. Our focus is on delivering in-depth insights through comprehensive reports that help businesses make informed decisions. Our reports are based on extensive research and data-driven methodologies, ensuring accuracy and reliability.

Contact Us:
Email: [email protected]

Address: 825 3rd Avenue, New York, NY, USA, 10022

Phone: +1 646 905 0080 (US), +91 8087085354 (India), +44 203 695 0070 (UK)