PUBLISHER: Allied Market Research | PRODUCT CODE: 1298227
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298227
Small caliber ammunition refers to cartridges used in firearms with a bore diameter of less than 20mm. It is used for a wide range of applications, including military & law enforcement, hunting, and sporting purposes. Small caliber ammunition is usually manufactured in large quantities and is designed for use in a wide range of firearms, including pistols, rifles, and machine guns. It is also used in automatic weapons, which require a high rate of fire and accuracy. The production of small caliber ammunition requires precision engineering and high-quality materials. The cartridges are typically made from brass or steel, and the bullets are made from lead, copper, or a combination of the two. The cartridges are designed to deliver high velocity and accuracy, with minimal recoil.
Factors such as rising threats from terrorist activities, increasing adoption of guns for safety purposes, and surge in military modernization programs are anticipated to drive the market growth during the forecast period. However, the regulatory restrictions in ammunition industry such as strict regulations on new entrants and purchasing new ammunitions for personal safety and diversion & smuggling of ammunition are expected to hamper the market growth during the forecast period. Moreover, the increasing demand for light weight ammunition and development in small caliber ammunitions are anticipated to offer lucrative opportunities for the market growth during the forecast period.
Furthermore, the demand for small caliber ammunition is driven by a range of factors, including military & law enforcement requirements, civilian demand for hunting & sporting activities, and the need for personal protection. The market for small caliber ammunition is highly competitive, with many players operating in the market, including major manufacturers and smaller specialty producers.
The small caliber ammunition market is segmented on the basis of size, application, casing, and region. By size, the market is divided into 5.56mm, 7.62mm, 9mm, .50 caliber, and shotshells. By application, it is fragmented into military, civilians, and law enforcement agencies. By casing, it is bifurcated into brass and steel. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the small caliber ammunition market are: Northrop Grumman Corporation, General Dynamics Corporation, Nammo AS, CBC Global Ammunition, Olin Corporation, BAE Systems Plc, FN Herstal, Vista Outdoor Inc., Poongsan Corporation, and DSG Technology AS.