According to a new market research report published by sheer analytics and insights, “The Global Small & Medium Caliber Ammunition Market was valued at $10.9 Billion in 2020. Growing at a high CAGR of more than 7.13% between 2021 and 2031, it is estimated to reach $24.5 Billion by 2031", as per the latest market research report titled Global Small & Medium Caliber Ammunition Market - industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
Increased geopolitical tensions and the increased military expenditure are the main factors that will help to accelerate the growth of this market during the forecasted period. This market in India is going to witness high growth over the forecasted period because of the development of armed forces along with the adoption of the latest technological weapons. These factors will help to boost the market during the forecasted period.
Geographically, The Global Small & Medium Caliber Ammunition Market is divided into global regions like Asia- Pacific, South America, Middle East, and Africa.
List of Companies Covered:
Northrop Grumman Corp.
General Dynamics Corp.
BAE Systems, Inc.
Nexter KNDS Group
Denel SOC Ltd.
MAXAMCorp Holding, S.L.
CBC Ammo LLC
STV Group a.s.
Yugoimport SDPR J.P
The Ulyanovsk Cartridge Works
The Tula Cartridge Works
Klimovsk Specialized Ammunition Plant
V.A. Degtyarev Plant
State Research and Production Enterprise Bazalt
Central Research Institute for Precision Machine Building (TsNIITochMash)
North Industries Group Corp. (Norinco)
The Global Small & Medium Caliber Ammunition Market Has Been Segmented Into:
Global Small & Medium Caliber Ammunition Market, By Product Type
Global Small & Medium Caliber Ammunition Market, By Country