Global Small Caliber Ammunition Market to Reach $15.67 Billion by 2033 – BIS Research Market Intelligence Report

iCrowdNewswire Jul 11, 2023 11:00 AM ET

The report suggests that the market is expected to grow at a CAGR of 5.69% between 2023-2032

BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Small Caliber Ammunition Market – A Global and Regional Analysis.

According to this study, the global small caliber ammunition market was valued at $8.52 billion in 2022 and is projected to reach $15.67 billion by 2033, growing at a staggering CAGR of 5.69%.

The following factors are responsible for the increase in demand for global small caliber ammunition:

Geopolitical conflicts and tensions
Law enforcement and security demands
Military modernization programs

The detailed study is a compilation of 127 market data tables and 27 figures spread through 221 pages.

Check out the detailed table of content here:

https://bisresearch.com/requestsample?id=1523&type=toc

Analyst’s Take on the Market Projection

According to Nilopal Ojha, Principal Analyst, BIS Research, “Several technological advancements have been observed in small caliber ammunition, wherein new more accurate and effective, and armor piercing ammunition have been developed by various market participants. Additionally, demand for small caliber ammunition is also expected to increase due to military modernization programs, and particularly due to geopolitical conflicts.”

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https://bisresearch.com/requestsample?id=1523&type=download

Major Existing Industry Leaders in the Global Small Caliber Ammunition Market

The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are:

Aguila Ammunition
Australian Munitions
BAE Systems
CCI Ammunition
CBC Global Ammunition
Denel PMP
Elbit Systems
FN HERSTAL
Global Ordnance
Hughes Precision Manufacturing Pvt. Ltd.
Nammo AS
POONGSAN CORPORATION
Ultra Defense Corp
Vista Outdoor Operations LLC
Winchester Ammunition

Recent Industry Developments in the Global Small Caliber Ammunition Market

In February 2023, Winchester Ammunition signed a contract with the U.S. Army to manufacture, test and deliver a batch of 5 million 6.8 mm next-generation squad weapon (NGSW) cartridges.
In October 2022, CBC Global Ammunition, in partnership with SSS Defence, an Indian defense manufacturer, won a contract to supply the Nepal Army with its 5.56×45 mm rounds. The partnership was established in 2019, with ammunition production operations beginning in 2021.
In June 2022, FN HERSTAL and Fiocchi Munizioni SPA, an Italian firm specializing in facilitating outdoor sports components, announced a partnership inclusive of a licensing agreement to collaboratively manufacture and supply small caliber ammunition for the U.S. commercial market. The partnership primarily focuses on the 5.7×28 mm caliber ammunition.

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About BIS Research:

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Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

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