Market Size (2018)
2018
$24.69B
Aerospace
Ammunition Market
By Segment, By Region, And Segment Forecasts, 2018 – 2030
Vertical: AnDBase Year: 202210 Sections
Executive Summary
Ammunition Market — Snapshot
Projected (2030)
2030
$35.42B
CAGR (2018–2030)
3.1%
3.1%Key Players
104+
The Global Ammunition Market is consistently growing due to the rising number of armed conflicts and border disputes across globe. Furthermore, Modernization of military and law enforcement agencies is likely to drive the region’s market throughout the forecast year.
The Global Ammunition Market is projected to grow at 4.2% CAGR during the forecast period, 2023–2030. In 2022, the Global Ammunition Market was dominated by North America with a 37.2% share, followed by Asia-Pacific, and Europe with shares of 30.2%, and 18.0% respectively, while developing countries such as India and China are projected to showcase substantial growth throughout the forecast period.
The Global Ammunition Market has been segmented based on application, caliber, product, component, and region. Based on application, the Global Ammunition Market has been segmented into defense, and civil & commercial. The defense segment is estimated to grow at 4.1% during the forecast period, while in 2022, while it accounted for 88.1% share.
Based on caliber, the Global Ammunition Market has been segmented into small, medium, large, and other. The large caliber segment is expected to grow at 3.5% during the forecast period. In 2022, the segment held a 44.4% share of the Global Ammunition Market.
Based on product, the Global Ammunition Market has been segmented into bullets, aerial bombs, grenades, artillery shells, mortars. The bullets segment is expected to grow at 3.4% during the forecast period. In 2022, the segment held 29.9% of the Global Ammunition Market.
Based on component, the Global Ammunition Market has been segmented into fuse & primer, propellants, base, projectile & warhead, others. The projectile & warhead segment is expected to grow at 3.5% during the forecast period. In 2022, the segment held 36.6% of the Global Ammunition Market.
Key Insight
The Ammunition Market market is projected to grow at a CAGR of 3.1% from 2018 to 2030.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, South America.
- Market Segmentation: The market is analyzed across 2 segments: Defense, Civil & Commercial. Forecasts are provided for each segment from 2018 to 2030.
- Competitive Landscape: 104 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Overview
Ammunition Market — Growth Trajectory
Ammunition is the material fired, scattered, dropped, or detonated from any weapon or weapon system. Ammunition is both expendable weapons and the component parts of other weapons that create the effect on a target. The purpose of ammunition is to project a force against a selected target to have an effect.
Ammunition Market — Growth Trajectory
Defense
Civil & Commercial
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Size Trend (USD Mn)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Dimensions
How this market is segmented
- By Application By Application is broken down into: Defense, Civil & Commercial.
- By Caliber By Caliber is broken down into: Small, Medium, Large, Other.
- By Product By Product is broken down into: Bullets, Aerials Bombs, Grenades, Artillery Shells, Mortars.
- By Component By Component is broken down into: Fuse & Primer, Propellant, Base, Projectile and Warhead, Others.
Geographic Analysis
Regional market breakdown
- North America North America market size reached $9.43B in 2018 and is projected to reach $11.96B by 2030, growing at a CAGR of 2.0%.
- Europe Europe market size reached $4.60B in 2018 and is projected to reach $6.17B by 2030, growing at a CAGR of 2.5%.
- Asia Pacific Asia Pacific market size reached $7.04B in 2018 and is projected to reach $11.94B by 2030, growing at a CAGR of 4.5%.
- Middle East and Africa Middle East and Africa market size reached $2.35B in 2018 and is projected to reach $3.57B by 2030, growing at a CAGR of 3.6%.
- South America South America market size reached $1.27B in 2018 and is projected to reach $1.78B by 2030, growing at a CAGR of 2.8%.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansResearch Methodology
Ammunition Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2022
Historical Period
2018 – 2022
Forecast Period
2022 – 2030
Primary Interviews
150+
Research Process
Historical data (2018–2022) and forecast period (2022–2030)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansCompetitive Landscape & Porter's Five Forces
Ammunition Market — Competitive Analysis
Bargaining Power of Suppliers
The providers of raw materials and component manufacturers are the primary suppliers operating in the ammunition market. Because of the high degree of supplier concentration, the suppliers' ability to bargain is moderate. Even if there is not much difference between the raw materials and the components, manufacturers often form partnerships with their component and raw material suppliers to maintain a constant quality standard and ensure a steady supply. This results in a cost that is comparable when switching between different vendors. As a result, it is reasonable to anticipate that the bargaining power of providers in the market will be moderate.
Bargaining Power of Buyers
The concentration of ammunition purchasers is considerable, diminishing their bargaining power. Moreover, brand identity has a high effect on the global ammunition market. Due to the lack of differentiation between the products and services, the cost of switching providers is high, increasing the purchasers' bargaining power. Consequently, purchasers' bargaining power in the global ammunition market is anticipated to be moderate.
Threat Of New Entrants
As quality parameters and standards manufacture ammunition, those wishing to access the market must obtain permission from the regulatory bodies. In addition, new entrants must invest substantial capital in establishing manufacturing facilities or warehouses. They must develop new technologies or unique characteristics to distinguish their products and services on the market. Therefore, the hazard of new market entrants is anticipated to be high.
Threat Of Substitutes
There are no close substitutes for ammunition. So, the market players do not face much threat from substitutes, making the threat of substitutes low.
Intensity Of Rivalry
In the ammunition market, there is great competition between companies. These market participants are investing significantly in the global ammunition market. These factors are anticipated to make global ammunition market competition moderate to high.
Quantitative Analysis
Regional Breakdown
Regional market breakdown for Ammunition Market.
Regional Market Size (USD Mn)
Market estimates by geography (2030)
USD Mn
InsightNorth America leads with $11.96B by 2030, while Asia Pacific is projected to grow fastest at a 4.5% CAGR.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansRegional Market Data
| REGION | 2018 | 2022 | 2030 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $9.43B | $10.03B | $11.96B | 2.0% | 34% |
| Europe | $4.60B | $4.93B | $6.17B | 2.5% | 17% |
| Asia Pacific | $7.04B | $8.60B | $11.94B | 4.5% | 34% |
| Middle East and Africa | $2.35B | $2.67B | $3.57B | 3.6% | 10% |
| South America | $1.27B | $1.38B | $1.78B | 2.8% | 5% |
| Total | $24.69B | $27.61B | $35.42B | 3.1% | 100% |
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSegment Revenue (2030)
Defense
Civil & Commercial
08487169742546133948
Segment Market Share
- Defense87%
- Civil & Commercial13%
Total Market Size
$35.42B
Market by Segment (2030)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Defense | $30.86B | 3.1% | 72% |
| Civil & Commercial | $4.56B | 3.1% | 77% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansEmpower your Business
with InsightsSave over 20% on
with Insights
Save over 20% on
Annual Subscription
See plans for professionals or small and medium businesses.
Analytics
Ammunition Market — Key Findings
Analytical insights on Ammunition Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Ammunition Market market is projected to reach $35.42B by 2030, growing at 3.1% CAGR. The Defense segment holds the largest share.
Market Dynamics
Ammunition is the material discharged, dispersed, dumped, or detonated by a weapon or weapon system. Ammunition consists of both expendable weapons (such as bombs, missiles, grenades, and land mines) and the component elements of other weapons that produce the effect on a target. Ammunition is designed to project a force against a target to have an effect. The firearm cartridge is an example of ammunition because it contains all the components necessary to deliver the weapon's effect in a single container. Until the 20th century, black powder was the most common propellant, but modern compounds have replaced it in nearly all cases. Ammunition comes in various sizes and sorts and is frequently designed to function only with weapon systems. However, there are internationally recognized standards for certain types of ammunition that allow their use with various weapons and by various users. Ammunition varieties are also designed to specifically affect a target, such as armor-piercing shells and tracer ammunition, which are only employed under certain conditions. Commonly, ammunition is labeled or colored in a particular way to aid in its identification and prevent the incorrect types from being used accidentally or improperly.
Market Drivers
Prevalence of political unrest, geopolitical tensions, and interior and border conflicts are anticipated to drive global ammunition market revenue growth. Expanding military forces, reinforcing military personnel, and escalating conflicts in the Middle East and Asian nations are increasing the demand for large-caliber ammunition in South Korea, Russia, Japan, and other nations. Technological advancements and rising expenditure on research and development are accelerating the ammunition market's revenue growth. Local conflicts and political tensions in various nations are generating a demand for small and medium-caliber weapons in the industry. For example, on 1 June 2022, during the Russia-Ukraine conflict, Ukraine announced it would increase its military expenditures by approximately USD 8.3 billion, a nearly 20% increase compared to previous years' spending on replacing weapons in the defense sector. The defense sector and militaries frequently utilize guns and firearms by national laws. Others require a license to use a firearm for commercial purposes, influencing common individuals to acquire firearms through illicit trade and encouraging manufacturers to produce more sophisticated ammunition for the market. Procuring these items on the dark web poses a challenge for national governments and law enforcement agencies tasked with combating illegal arms trade. Increasing geopolitical tensions, political unrest, and cross-border conflicts, particularly in the Middle East and Asian nations, would result in military fortification. The expansion of the military and increased procurement of small, medium, and large-caliber ammunition would propel the global market's expansion. Several countries, including Japan, Russia, and South Korea, use large-caliber ammunition for most of their military operations. Moreover, manufacturers are increasing expenditure on R&D to develop technologically advanced ammunition, thereby driving the market growth.
Market Opportunities
The 9mm cartridge is currently acquiring popularity relative to other calibers. A 9mm caliber is adopted due to its adaptable performance and technological advancements. The latter's performance has increased. The FBI announced in October 2015 that its agents would carry 9mm pistols instead.40 S&W pistols. Its reduced discharge provides a tactical advantage and is the primary advantage of the 9mm round's design. Reduced recoil enables quicker target reacquisition, resulting in more accurate and rapid follow-up rounds. Additionally, it is economical and renowned among frequent shooters. The creation of smart, self-guided projectiles that can alter their trajectory will be a significant opportunity for manufacturers. The Extreme Accuracy Tasked Ordnance (EXACTO) initiative of the Defense Advanced Research Projects Agency (DARPA) has created the first guided small-caliber bullet, a 50-caliber round. Having a real-time optical guidance system, the projectile alters its flight path in mid-air. It aids in enhancing sniper accuracy and overcoming inclement weather. In addition, the U.S. Army has developed technologically advanced laser-guided sniper bullets that would enable the defense forces to monitor the target in adverse conditions such as windy and severe weather.
Market Restraints
In most nations, imposing stringent government regulations is anticipated to restrain market revenue growth. Individuals who use ammunition and other firearms on the market must obtain a license. The strict and difficult requirements for obtaining a firearms license limit the demand for ammunition for commercial purposes. Individuals eligible for a license that affects the global ammunition market must have compelling reasons for gun ownership. For example, on March 15, 2019, following the mass shooting in Christchurch, New Zealand, the government of New Zealand reformed gun laws and imposed stringent regulations on firearms. In addition, only those who have passed a background check and obtained a license can purchase firearms. The Australian government has prohibited civilian ownership of fully-automatic and semi-automatic firearms, which is anticipated to hurt the ammunition market. Governmental restrictions on firearms are the primary factor impeding the expansion of the global market. After the attack in Christchurch, New Zealand's government reformed its firearms laws. It imposed stringent restrictions on firearms, such as the purchase of firearms by only those with licenses and rigorous background checks. In addition, the Australian government prohibited civilian ownership of semi-automatic and fully-automatic firearms following the Port Arthur Massacre, which resulted in the deaths of 35 people
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2030)
Value (USD Mn)
Defense
Civil & Commercial
Companies
Key companies profiled in Ammunition Market
Profiles of 104 companies operating in the Ammunition Market market, including revenue, employee count, and market positioning where available.
Showing 104 of 104 companies
Poongsan C
Poongsan Corporation
Aerospace
Company Headquarters: Republic of Korea Founded: 1968 Workforce: 2,500+ Company Working: Poongsan Corporation is a 1968-founded South Korean corporation. It predominantly produces copper and copper-based products but also a vast array of ammunition for military and civilian use. The company's headquarters are in Seoul, South Korea, with several international subsidiaries. Poongsan Corporation is regarded as one of the world's foremost ammunition manufacturers. Small caliber, medium caliber, and large caliber ammunition, as well as artillery shells, mortars, and missiles, are among its ammunition products. Additionally, the company offers ammunition components such as primers and propellants. The copper products division of Poongsan Corporation manufactures a wide variety of copper-based products, including copper rods, wires, and pipelines, as well as copper alloy products. Additionally, the company manufactures defense systems, precision machinery, and additional industrial goods. Overall, Poongsan Corporation has earned a solid reputation for its products' quality and capacity to provide innovative solutions to its defense and industrial consumers.
Revenue$1.4B
Employees2,500
Market CapN/A
Founded1967
Republic of Korea
CBC Global
CBC Global Ammunition
Aerospace
Company Headquarters: Brazil Founded: 1926 Workforce: 3,500+ Company Working: CBC Global Ammunition is a Brazilian ammunition manufacturer with over 90 years of experience. It is a CBC Group member, comprising firearms, gunpowder, and primer manufacturers. The company's headquarters are located in So Paulo, Brazil, and have facilities in the United States, Germany, and South Africa. CBC Global Ammunition is one of the world's largest ammunition manufacturers and has a significant presence in the Brazilian and South American markets. The company's products are sold in more than one hundred countries worldwide. Numerous awards have been given to CBC Global Ammunition for its high-quality ammunition, for which it has received widespread acclaim. In addition to focusing on producing high-quality ammunition, CBC Global Ammunition has invested in environmentally friendly production methods. The company has instituted various measures to reduce its environmental impact, including using renewable energy sources and waste reduction programs.
RevenueN/A
Employees3,500
Market CapN/A
Founded1925
Brazil
Nexter Gro
Nexter Group Knds
Aerospace
Company Headquarters: France Founded: 2006 Workforce: 8,200+ Company Working: Nexter Group is a French defense corporation that designs, develops, and produces land-based military systems and equipment. The corporation was founded in 2006 and has headquarters in Versailles, France. Nexter Group operates in Europe, the Middle East, and Asia on a global scale. The product line of Nexter Group consists of armored vehicles, artillery systems, ammunition, and related support services. Its unique products include the Leclerc main battle tank, the VBCI armored infantry combat vehicle, and the Caesar self-propelled artillery system. The company prioritizes innovation and R&D to provide its customers with cutting-edge technologies and solutions. It also prioritizes sustainability to minimize its carbon footprint and environmental impact. Nexter Group offers civilian products such as security solutions and nonlethal weapons in addition to its military products and services.
RevenueN/A
Employees8,200
Market CapN/A
Founded2005
France
Nammo AS
Nammo AS
Aerospace
Company Headquarters: Norway Founded: 1998 Workforce: 2,700+ Company Working: Nammo AS is a 1998-founded Norwegian defense corporation headquartered in Raufoss, Norway. Nammo is an industry leader in designing and manufacturing ammunition, rocket engines, and space applications. The corporation has manufacturing facilities in the United States, Norway, Sweden, Finland, Germany, Spain, and Switzerland. Nammo offers ammunition for small arms, medium-caliber weapons, rocket motors, and artillery ammunition. In addition to its defense products, Nammo also offers solutions utilizing sophisticated aerospace technology. In 2021, Nammo AS had approximately 2500 employees globally, generating approximately 4.4 billion Norwegian Krone (NOK) in revenue. The Norwegian government and the Finnish defense corporation Patria own the company. National defense forces, law enforcement agencies, and commercial consumers are Nammo's primary customers. The company's mission is to create innovative solutions that improve the efficiency and safety of its clients.
Revenue$4.8B
Employees2,700
Market CapN/A
Founded1997
Norway
Vista Outd
Vista Outdoor Inc.
Aerospace
Company Headquarters: United States Founded: 2014 Workforce: 6,000+ Company Working: Vista Outdoor Inc. is an American company specializing in outdoor activities and recreation products. Outdoor Products, Shooting Sports, Golf, and Archery are the four categories the company designs, manufactures and distributes. Vista Outdoor is headquartered in Anoka, Minnesota, and has international operations in thirteen countries. Vista Outdoor, founded in 2015, has expanded through acquisitions, including CamelBak, Bushnell, and Savage Arms. Outdoor Cooking Equipment, Helmets, Goggles, and Hydration Systems are some of the products included in the Outdoor Products segment of the corporation. The Shooting Sports product line includes ammunition, firearms, reloading equipment, and accoutrements. The Golf segment consists of golf balls and accoutrements, whereas the Archery segment offers bows, arrows, and accessories. Vista Outdoor strives to provide outdoor and shooting sports enthusiasts with high-quality products. The organization is devoted to sustainability and aims to reduce greenhouse gas emissions by 10% by 2025.
Revenue$1.8B
Employees6,000
Market CapN/A
Founded2013
United States
Northrop G
Northrop Grumman
Aerospace
Company Headquarters: United States Founded: 1994 Workforce: 95,000+ Company Working: Northrop Grumman is a multinational American aerospace and defense technology corporation headquartered in Falls Church, Virginia. It was established in 1994 following Northrop Corporation's acquisition of Grumman. In addition to being a significant supplier to the U.S. government, the company operates in numerous other countries. The four business sectors of Northrop Grumman are Aerospace Systems, Mission Systems, Defense Systems, and Space Systems. Consistently ranked among the top 100 corporations in the Fortune 500 by revenue, it is one of the world's largest defense contractors. Northrop Grumman has a lengthy history of providing defense and aerospace industries with innovative solutions. The company's primary products are aircraft, spacecraft, electronic, and missile defense systems. In addition to being a leader in unmanned systems, cybersecurity, and C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) solutions, the company is also a pioneer in unmanned systems.
Revenue$36.8B
Employees95,000
Market CapN/A
Founded1993
United States
Page 1 of 18
…
Go to page
Powering the world's best teams.
From next-gen startups to established enterprises.
What our clients say
Trusted by forward-thinking businesses
for data-driven intelligence
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Ammunition Market
Starting from
$4,950