Ammunition Market - Trends Forecast Till 2028

Ammunition Market, by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), Component, Guidance, Lethality (Lethal, Less-lethal) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AD-AM-687


Number of Pages: 343

Domain: Aerospace & Defense

Ammunition Market – Trends Forecast Till 2028

The global Ammunition market size is projected to reach USD 25 billion by 2026 at a CAGR of 3.8% from USD 21 billion in 2021 during the forecast period 2021-2028.

Ammunition or ammo is the material that is, scattered dropped or detonated from a weapon. It can be either a component of the weapon arc n be an expendable part of it. These are designed to create a particular effect on the target. There is igniting material which helps in the firing of such ammunitions like primers, fuzes, and gunpowder.

With the rising military expenditure across the globe along with the changed nature of warfare are some of the factors that have supported long-term expansion for Ammunition Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Disrupted supply chains along with cuts in expenditure on defense have led to a marginal decrease in the market.

Ammunition Market Research Report

North America is expected to be the largest market during the forecast period. With raised incidents of terrorism and surge in number of drug cartels have led to growth in the market in the region.

Ammunition Market is segmented into application, caliber, product, component, guidance, lethality and geography.

On the basis of Application

  • Defense
    • Military
    • Homeland Security
  • Civil & Commercial
    • Sporting
    • Hunting
    • Self-defense
    • Others

On the basis of Caliber

  • Small
    • 9mm
    • 5.56mm
    • 7.62mm
    • 12.7mm
    • .338 Lapua Magnum
    • .338 Norma Magnum
    • 14.5mm
    • Others (Small Caliber)
  • Medium
    • 20mm
    • 25mm
    • 30mm
    • 40mm
  • Large
    • 60mm
    • 81mm
    • 120m
    • 155mm
    • Others (Large Caliber)
  • Others

On the basis of Product

  • Bullets
  • Aerial Bombs
  • Grenades
  • Artillery Shells
  • Mortars

On the basis of Component

  • Fuzes & Primers
  • Propellants
  • Bases
  • Projectiles and Warheads
  • Others

On the basis of Guidance

  • Non-guided
  • Guided

On the basis of Lethality

  • Lethal
  • Less-lethal

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Ammunition Market Primary Respondent


Key Players

  • Northrop Grumman Corporation
  • General Dynamics Corporation
  • CBC Global Ammunition
  • Olin Corporation
  • Ruag Ammotec
  • BAE Systems
  • Thales Group
  • Rheinmetal AG
  • Nexter KNDS group
  • Elbit Systems
  • Nammo AS
  • ST Engineering

Recent Developments

  • In July 2020, French Army offered a contract to the Nexter KNDS Group for the supply of 70,000 modular artillery loads for use on the CAESAR system.
  • In July 2020, US Army offered a contract to Northrop Grumman Corporation in order to deliver the next-generation airburst cartridge for the 30mm XM813 Bushmaster Chain Gun which will be installed on the Stryker Infantry Carrier Vehicle (ICV).

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Ammunition market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Market Revenue In 2021

USD 21 billion

Growth Rate

CAGR of 3.8% during the forecasting period, 2021-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

application, caliber, product, component, guidance, lethality and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Northrop Grumman Corporation, General Dynamics Corporation, CBC Global Ammunition, Olin Corporation, Ruag Ammotec, BAE Systems, Thales Group, Rheinmetal AG, Nexter KNDS group, Elbit Systems, Nammo AS, and ST Engineering

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