Table of Content


"1    INTRODUCTION    49
1.1    OBJECTIVES OF THE STUDY    49
1.2    MARKET DEFINITION    49
1.3    STUDY SCOPE    50
1.3.1    AMMUNITION MARKET SEGMENTATION    50
1.3.2    REGIONAL SCOPE    51
1.3.3    YEARS CONSIDERED FOR THE STUDY    51
1.4    INCLUSIONS AND EXCLUSIONS    52
TABLE 1    INCLUSIONS AND EXCLUSIONS IN AMMUNITION MARKET    52
1.5    CURRENCY & PRICING    52
1.6    LIMITATIONS    53
1.7    MARKET STAKEHOLDERS    53
1.8    SUMMARY OF CHANGES    54
2    RESEARCH METHODOLOGY    55
2.1    RESEARCH DATA    55
FIGURE 1    RESEARCH FLOW    55
FIGURE 2    AMMUNITION MARKET: RESEARCH DESIGN    56
2.1.1    SECONDARY DATA    56
2.1.1.1    Key data from secondary sources    57
2.1.2    PRIMARY DATA    57
2.1.2.1    Key data from primary sources    58
2.2    MARKET SIZE ESTIMATION    58
2.3    RESEARCH APPROACH & METHODOLOGY    59
2.3.1    BOTTOM-UP APPROACH    59
2.3.1.1    COVID-19 Impact on the market    59
2.3.1.2    Ammunition market for military    60
2.3.1.3    Ammunition market for homeland security    60
2.3.1.4    Ammunition market for civil & commercial    60
2.3.1.5    Ammunition market size, by segment    60
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    60
2.3.2    TOP-DOWN APPROACH    61
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    61
2.4    MARKET BREAKDOWN & DATA TRIANGULATION    61
FIGURE 5    DATA TRIANGULATION    62
2.5    RESEARCH ASSUMPTIONS    63
2.6    RESEARCH LIMITATIONS    64
3    EXECUTIVE SUMMARY    65
FIGURE 6    DEFENSE SEGMENT PROJECTED TO LEAD AMMUNITION MARKET DURING FORECAST PERIOD    66
FIGURE 7    SMALL CALIBER SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    66
FIGURE 8    BULLETS SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    67
FIGURE 9    PROJECTILE AND WARHEADS SEGMENT EXPECTED TO LEAD AMMUNITION MARKET DURING FORECAST PERIOD    67
FIGURE 10    NON-GUIDED SEGMENT PROJECTED TO LEAD AMMUNITION MARKET DURING FORECAST PERIOD    68
FIGURE 11    LETHAL SEGMENT PROJECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD    68
FIGURE 12    MARKET IN ASIA PACIFIC PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    69
4    PREMIUM INSIGHTS    70
4.1    ATTRACTIVE GROWTH OPPORTUNITIES IN AMMUNITION MARKET    70
FIGURE 13    INCREASING NUMBER OF ARMED CONFLICTS AND DEMAND FOR ARMED FORCES MODERNIZATION PROGRAMS FUEL MARKET GROWTH    70
4.2    AMMUNITION MARKET FOR DEFENSE APPLICATION    70
FIGURE 14    MILITARY SEGMENT PROJECTED TO LEAD AMMUNITION MARKET DURING FORECAST PERIOD    70
4.3    AMMUNITION MARKET FOR CIVIL & COMMERCIAL APPLICATION    71
FIGURE 15    SELF-DEFENSE SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    71
4.4    SMALL CALIBER: AMMUNITION MARKET , BY TYPE    71
FIGURE 16    5.56MM SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2020    71
4.5    AMMUNITION MARKET, BY APPLICATION    72
FIGURE 17    DEFENSE SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD    72
5    MARKET OVERVIEW    73
5.1    INTRODUCTION    73
5.2    MARKET DYNAMICS    73
FIGURE 18    DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: AMMUNITION MARKET    73
5.2.1    DRIVERS    74
5.2.1.1    Geopolitical tensions and territorial conflicts across globe    74
TABLE 2    GLOBAL TERRORISM INDEX, BY COUNTRY, 2020    74
5.2.1.2    Growth in military expenditure across countries    75
FIGURE 19    MILITARY EXPENDITURE OF TOP COUNTRIES, 2020    76
FIGURE 20    SHARE OF TOP 10 MAJOR ARMS EXPORTERS, 2016–2020    76
5.2.1.3    Change in nature of warfare    77
5.2.1.4    Modernization programs undertaken by military forces    77
FIGURE 21    SHARE OF TOP 10 MAJOR ARMS IMPORTERS, 2016–2020    78
5.2.1.5    Militarization of police forces    78
5.2.1.6    Rise in drug trafficking globally    78
5.2.1.7    Procurement of guns for personal safety and sports    79
5.2.2    RESTRAINTS    79
5.2.2.1    Varying regulations affecting procurement of ammunition    79
5.2.3    OPPORTUNITIES    79
5.2.3.1    Advancements in small caliber ammunition    79
TABLE 3    RECENT DEVELOPMENTS IN ADVANCED AMMUNITION    80
5.2.3.2    Stockpiling of ammunition    80
5.2.3.3    Reduction in weight of ammunition    81
5.2.3.4    Surging demand for advanced ammunition from emerging economies    81
5.2.4    CHALLENGES    81
5.2.4.1    Proliferation of illicit ammunition manufacturers    81
5.2.4.2    International measures to control use of ammunition    82
5.3    IMPACT OF COVID-19 ON AMMUNITION MARKET    82
FIGURE 22    IMPACT OF COVID-19 ON AMMUNITION MARKET    83
5.3.1    DEMAND-SIDE IMPACT    83
5.3.1.1    Key developments from January 2020 to July 2020    84
5.3.2    SUPPLY-SIDE IMPACT    84
5.3.2.1    Key developments from January 2020 to July 2020    85
5.4    RANGES AND SCENARIOS    85
FIGURE 23    IMPACT OF COVID-19 ON AMMUNITION MARKET: GLOBAL SCENARIOS    85
5.5    AMMUNITION MARKET ECOSYSTEM    86
5.5.1    PROMINENT COMPANIES    86
5.5.2    PRIVATE AND SMALL ENTERPRISES    86
5.5.3    END USERS    86
FIGURE 24    ECOSYSTEM MAP: AMMUNITION MARKET    86
TABLE 4    AMMUNITION MARKET: MARKET ECOSYSTEM    87
5.6    USE CASE: SMALL CALIBER AMMUNITION    88
5.6.1    INCREASED EFFORTS TO DEVELOP ADVANCED SMALL CALIBER AMMUNITION FOR DEFENSE APPLICATIONS    88
FIGURE 25    OVERVIEW OF INNOVATION IN SMALL CALIBER AMMUNITION    88
5.6.1.1    Development of superior 6.8mm ammunition by US armed forces to replace existing 5.56mm ammunition    88
5.6.1.2    300 blackout commercial-grade calibers seeing increased adoption by major armed forces    88
5.7    TRENDS/DISRUPTION IMPACTING CUSTOMER'S BUSINESS    89
5.7.1    REVENUE SHIFT AND NEW REVENUE POCKETS FOR AMMUNITION MANUFACTURERS    89
FIGURE 26    REVENUE SHIFT IN AMMUNITION MARKET    89
5.8    PORTER’S FIVE FORCES ANALYSIS    90
TABLE 5    AMMUNITION MARKET: PORTER’S FIVE FORCE ANALYSIS    90
FIGURE 27    PORTER’S FIVE FORCE ANALYSIS: AMMUNITION MARKET    90
5.8.1    THREAT OF NEW ENTRANTS    91
5.8.2    THREAT OF SUBSTITUTES    91
5.8.3    BARGAINING POWER OF SUPPLIERS    92
5.8.4    BARGAINING POWER OF BUYERS    92
5.8.5    DEGREE OF COMPETITION    92
5.9    KEY STAKEHOLDERS & BUYING CRITERIA    93
5.9.1    KEY STAKEHOLDERS IN BUYING PROCESS    93
FIGURE 28    INFLUENCE OF STAKEHOLDERS IN BUYING AMMUNITION FOR TWO APPLICATIONS    93
TABLE 6    INFLUENCE OF STAKEHOLDERS IN BUYING AMMUNITION FOR TWO APPLICATIONS (%)    93
5.9.2    BUYING CRITERIA    94
FIGURE 29    KEY BUYING CRITERIA AMMUNITION FOR TOP TWO APPLICATIONS    94
TABLE 7    KEY BUYING CRITERIA OF AMMUNITION FOR TOP TWO APPLICATIONS    94
5.10    VALUE CHAIN ANALYSIS    95
FIGURE 30    VALUE CHAIN ANALYSIS: AMMUNITION MARKET    95
5.10.1    AMMUNITION PRODUCTION PROCESS    95
FIGURE 31    SMALL CALIBER AMMUNITION PRODUCTION PROCESS    96
5.10.1.1    Packaging and marking of small caliber ammunition    96
5.10.1.2    Trends in packaging and marking ammunition    96
5.10.1.2.1    Laser engraving    96
5.10.1.2.2    RFID tags    96
5.10.1.2.3    Electronic chip strips    97
5.11    PRICING ANALYSIS    97
FIGURE 32    AVERAGE SELLING PRICE OF SMALL, MEDIUM & LARGE CALIBER AMMUNITION, BY APPLICATION    97
TABLE 8    AVERAGE SELLING PRICE OF SMALL CALIBER AMMUNITION, 2019 (USD)    97
5.11.1    AVERAGE SELLING PRICE OF MEDIUM CALIBER AMMUNITION    98
TABLE 9    AVERAGE SELLING PRICE OF MEDIUM CALIBER AMMUNITION, 2019 (USD)    98
5.12    IMPORT-EXPORT TRENDS    98
5.12.1    IMPORTS (SMALL ARMS, LIGHT WEAPONS, AND AMMUNITION), 2016    98
TABLE 10    IMPORT DATA, 2016    98
5.12.2    EXPORT (SMALL ARMS, LIGHT WEAPONS, AND AMMUNITION), 2016    102
TABLE 11    EXPORT DATA, 2016    102
5.13    KEY CONFERENCES & EVENTS, 2022-2023    106
TABLE 12    AMMUNITION MARKET: DETAILED LIST OF CONFERENCES & EVENTS    106
6    INDUSTRY TRENDS    108
6.1    INTRODUCTION    108
6.2    EVOLUTION    108
FIGURE 33    EVOLUTION OF AMMUNITION    109
6.3    TECHNOLOGY TRENDS    109
FIGURE 34    AMMUNITION TECHNOLOGY TRENDS    109
6.3.1    CASELESS TELESCOPED AMMUNITION (CTA)    110
6.3.2    POLYMER-CASED AMMUNITION    110
TABLE 13    CONVENTIONAL BRASS-CASED AMMUNITION VS. EMERGENT CARTRIDGE CASE TECHNOLOGIES    110
6.3.3    LIGHTWEIGHT AMMUNITION    111
TABLE 14    WEIGHT DISTRIBUTION: 7.62X51MM CARTRIDGE    111
6.3.4    OPTICALLY INITIATED AMMUNITION    111
6.3.5    RADICALLY INVASIVE PROJECTILE (RIP) AMMUNITION    111
6.3.6    PRECISION-GUIDED MUNITION (PGM)    112
6.3.7    MULTIPURPOSE MUNITION    112
6.4    ADVANCEMENTS IN AMMUNITION TECHNOLOGY    112
6.4.1    CARTRIDGE-BASED AMMUNITION    112
6.4.1.1    Laser-initiated ammunition    112
6.4.1.2    One-way luminescence (OWL) projectiles    112
6.4.1.3    Pre-fragmented ammunition    113
6.4.1.4    General-purpose caliber    113
6.4.1.5    Green ammunition    113
6.4.1.6    Cased telescoped (CT) ammunition    113
6.4.1.7    Polymer cartridge cases    113
6.4.1.8    Caseless ammunition    113
6.4.1.9    Self-guided smart bullets    113
6.4.1.10    Biodegradable plant-growing bullets    113
6.4.2    SMART WEAPON AMMUNITION    114
6.4.2.1    Precision inertial navigation systems (PINS)    114
6.4.2.2    Micro inertial navigation technology    114
6.4.2.3    Extreme accuracy tasked ordnance    114
6.4.2.4    Inertial measurement units    114
6.4.3    SELF-STEERING BULLET    114
6.5    AMMUNITION REGULATORY BODIES, BY REGION    115
FIGURE 35    AMMUNITION REGULATORY BODIES, BY REGION    115
6.6    INNOVATIONS & PATENTS    115
TABLE 15    IMPORTANT INNOVATION & PATENT REGISTRATIONS, 2015-2021    115
7    AMMUNITION MARKET, BY APPLICATION    118
7.1    INTRODUCTION    119
FIGURE 36    DEFENSE SEGMENT PROJECTED TO LEAD AMMUNITION MARKET
FROM 2021 TO 2026    119
TABLE 16    AMMUNITION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    119
TABLE 17    AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    120
7.2    DEFENSE    120
TABLE 18    AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2017–2020 (USD MILLION)    120
TABLE 19    AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2021–2026 (USD MILLION)    120
7.2.1    MILITARY    121
7.2.1.1    Rising use of small caliber ammunition by law enforcement agencies to drive demand    121
7.2.2    HOMELAND SECURITY    121
7.2.2.1    Rising use of small caliber ammunition by law enforcement agencies to drive demand    121
7.3    CIVIL & COMMERCIAL    122
TABLE 20    AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    122
TABLE 21    AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    122
7.3.1    SPORTING    123
7.3.1.1    Increasing adoption of shooting sports in North America to drive demand    123
7.3.2    HUNTING    123
7.3.2.1    Increasing demand for precision small caliber ammunition in hunting activities to drive demand    123
7.3.3    SELF-DEFENSE    123
7.3.3.1    Rising concerns over individual safety to drive demand    123
7.3.4    OTHERS    123
8    AMMUNITION MARKET, BY CALIBER    124
8.1    INTRODUCTION    125
FIGURE 37    SMALL CALIBER SEGMENT PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026    125
TABLE 22    AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    125
TABLE 23    AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    125
8.2    SMALL CALIBER AMMUNITION    126
TABLE 24    SMALL CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    126
8.2.1    9 MM    126
8.2.1.1    9x19 mm Parabellum is the most preferred handgun caliber by law enforcement agencies across the globe    126
8.2.2    5.56 MM    127
8.2.2.1    5.56x45 mm is the widely used caliber in military applications    127
8.2.3    7.62 MM    127
8.2.3.1    Increase in procurement from defense forces around the world to drive demand    127
8.3    .338 LAPUA MAGNUM    128
8.3.1    .338 LAPUA MAGNUM HAS SEEN INCREASED ADOPTION BY SPECIAL FORCES FOR PRECISION APPLICATIONS    128
8.4    .338 NORMA MAGNUM    128
8.4.1    INCREASING ADOPTION OF .338 NORMA MAGNUM AMMUNITION IN US ARMED FORCES TO DRIVE DEMAND    128
8.4.2    12.7 MM    128
8.4.2.1    12.7 mm machine gun caliber expected to have continuous demand    128
8.4.3    14.5 MM    129
8.4.3.1    Increased demand in remote weapons stations of naval vessels, aircraft, and armored vehicles to drive the segment    129
8.4.4    OTHERS    129
8.5    MEDIUM CALIBER AMMUNITION    129
TABLE 25    MEDIUM CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    129
8.5.1    20 MM    129
8.5.1.1    Increasing use in counter-rocket, artillery, and mortar (C-RAM) weapon systems to drive demand    129
8.5.2    25 MM    130
8.5.2.1    Increasing usage in infantry fighting vehicles to drive demand    130
8.5.3    30 MM    130
8.5.3.1    High usage on attack helicopters to drive demand    130
8.5.4    40 MM    130
8.5.4.1    Usage in mortars and grenades to drive demand    130
8.6    LARGE CALIBER AMMUNITION    131
TABLE 26    LARGE CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    131
8.6.1    60 MM    131
8.6.1.1    Increasing use of mortars in Asia Pacific to drive demand    131
8.6.2    81 MM    131
8.6.2.1    Growing use of mortars for long-range bombardment to drive demand    131
8.6.3    120 MM    131
8.6.3.1    Adoption in main battle tanks to drive demand    131
8.6.4    155 MM    132
8.6.4.1    Usage in long-range artillery applications to drive demand    132
8.6.5    OTHERS    132
8.7    OTHERS    132
9    AMMUNITION MARKET, BY PRODUCT    133
9.1    INTRODUCTION    134
FIGURE 38    ARTILLERY SHELLS SEGMENT PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026    134
TABLE 27    AMMUNITION MARKET, BY PRODUCT, 2017–2020 (USD MILLION)    134
TABLE 28    AMMUNITION MARKET, BY PRODUCT, 2021–2026 (USD MILLION)    134
9.2    BULLETS    135
9.2.1    HIGH DEMAND FOR FROM ARMED FORCES DRIVE DEMAND FOR BULLETS    135
9.3    AERIAL BOMBS    135
9.3.1    INCREASING FOCUS ON UPGRADE OF AIR FORCE INVENTORY BY MAJOR ARMED FORCES TO DRIVE DEMAND    135
9.4    GRENADES    135
9.4.1    INCREASING USE OF HAND GRENADES IN TRAINING ACTIVITIES TO DRIVE DEMAND    135
9.5    ARTILLERY SHELLS    135
9.5.1    PROCUREMENT OF ADVANCED ARTILLERY SYSTEMS UNDER MILITARY MODERNIZATION PROGRAMS TO DRIVE DEMAND    135
9.6    MORTARS    136
9.6.1    HIGH DEMAND FOR LOW-COST MORTARS IN ASIA PACIFIC TO DRIVE DEMAND    136
10    AMMUNITION MARKET, BY COMPONENT    137
10.1    INTRODUCTION    138
FIGURE 39    PROJECTILES AND WARHEADS SEGMENT PROJECTED TO LEAD AMMUNITION MARKET FROM 2021 TO 2026    138
TABLE 29    AMMUNITION MARKET, BY COMPONENT, 2017–2020 (USD MILLION)    138
TABLE 30    AMMUNITION MARKET, BY COMPONENT, 2021–2026 (USD MILLION)    138
10.2    FUZES & PRIMERS    139
10.2.1    PRIMERS    139
10.2.1.1    Rimfire primers    139
10.2.1.1.1    High demand for low-cost ammunition to drive demand    139
10.2.1.2    Centerfire primers    139
10.2.1.2.1    High acceptance in military ammunition to drive demand    139
10.2.2    FUZES    139
10.2.2.1    Time fuzes    140
10.2.2.1.1    High adoption in large caliber ammunition to drive demand    140
10.2.2.2    Impact fuzes    140
10.2.2.2.1    Growing adoption in conventional ammunition to drive demand    140
10.2.2.3    Proximity fuzes    140
10.2.2.3.1    Use in naval ammunition to drive demand    140
10.2.2.4    Combination fuzes    140
10.2.2.4.1    Increasing adoption in new range guided ammunition to drive demand    140
10.3    PROPELLANTS    140
10.3.1    HIGH DEMAND FOR GUN POWDER IN BULLETS TO DRIVE THE SEGMENT    140
10.4    BASES    141
10.4.1    HIGH DEMAND FOR COPPER BASE IN CONVENTIONAL AMMUNITION TO DRIVE THIS SEGMENT    141
10.5    PROJECTILES AND WARHEADS    141
10.5.1    INCREASING DEVELOPMENT OF NEW VARIETIES OF WARHEADS TO DRIVE THIS SEGMENT    141
10.6    OTHERS    141

11    AMMUNITION MARKET, BY GUIDANCE MECHANISM    142
11.1    INTRODUCTION    143
FIGURE 40    NON-GUIDED SEGMENT PROJECTED TO GROW AT A HIGHER CAGR FROM 2021 TO 2026    143
TABLE 31    AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2017–2020 (USD MILLION)    143
TABLE 32    AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2021–2026 (USD MILLION)    143
11.2    GUIDED    144
11.2.1    TRANSITION FROM UNGUIDED AMMUNITION TO GUIDED AMMUNITION TO DRIVE DEMAND    144
11.3    NON-GUIDED    144
11.3.1    VERY HIGH USE OF CONVENTIONAL NON-GUIDED AMMUNITION BY MILITARY FORCES WORLDWIDE TO DRIVE DEMAND    144
12    AMMUNITION MARKET, BY LETHALITY    145
12.1    INTRODUCTION    146
FIGURE 41    LETHAL SEGMENT PROJECTED TO LEAD AMMUNITION MARKET
FROM 2021 TO 2026    146
TABLE 33    AMMUNITION MARKET, BY LETHALITY, 2017–2020 (USD MILLION)    146
TABLE 34    AMMUNITION MARKET, BY LETHALITY, 2021–2026 (USD MILLION)    146
12.2    LESS-LETHAL    147
12.2.1    USAGE DURING CIVIL DISTURBANCES & HOSTAGE RESCUE TO DRIVE DEMAND    147
12.3    LETHAL    147
12.3.1    INCREASING DEFENSE EXPENDITURES & SOCIAL UNREST TO DRIVE DEMAND    147
13    REGIONAL ANALYSIS    148
13.1    INTRODUCTION    149
13.2    IMPACT OF COVID-19 ON AMMUNITION MARKET    149
FIGURE 42    NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF AMMUNITION MARKET IN 2021    149
TABLE 35    AMMUNITION MARKET, BY REGION, 2017–2020 (USD MILLION)    150
TABLE 36    AMMUNITION MARKET, BY REGION, 2021–2026 (USD MILLION)    150
13.3    NORTH AMERICA    150
13.3.1    COVID-19 IMPACT ON NORTH AMERICA    151
13.3.2    PESTLE ANALYSIS: NORTH AMERICA    151
FIGURE 43    NORTH AMERICA AMMUNITION MARKET SNAPSHOT    152
TABLE 37    NORTH AMERICA: AMMUNITION MARKET, BY COUNTRY,
2017–2020 (USD MILLION)    152
TABLE 38    NORTH AMERICA: AMMUNITION MARKET, BY COUNTRY,
2021–2026 (USD MILLION)    153
TABLE 39    NORTH AMERICA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    153
TABLE 40    NORTH AMERICA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    153
TABLE 41    NORTH AMERICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    153
TABLE 42    NORTH AMERICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    153
TABLE 43    NORTH AMERICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    154
TABLE 44    NORTH AMERICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    154
TABLE 45    NORTH AMERICA: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    154
TABLE 46    NORTH AMERICA: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    154
TABLE 47    NORTH AMERICA: SMALL CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    155
TABLE 48    NORTH AMERICA: MEDIUM CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    155
TABLE 49    NORTH AMERICA: LARGE CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    155
TABLE 50    NORTH AMERICA: AMMUNITION MARKET, BY PRODUCT,
2017–2020 (USD MILLION)    156
TABLE 51    NORTH AMERICA: AMMUNITION MARKET, BY PRODUCT,
2021–2026 (USD MILLION)    156
TABLE 52    NORTH AMERICA: AMMUNITION MARKET, BY COMPONENT,
2017–2020 (USD MILLION)    156
TABLE 53    NORTH AMERICA: AMMUNITION MARKET, BY COMPONENT,
2021–2026 (USD MILLION)    157
TABLE 54    NORTH AMERICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2017–2020 (USD MILLION)    157
TABLE 55    NORTH AMERICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM, 2021–2026 (USD MILLION)    157
TABLE 56    NORTH AMERICA: AMMUNITION MARKET, BY LETHALITY,
2017–2020 (USD MILLION)    157
TABLE 57    NORTH AMERICA: AMMUNITION MARKET, BY LETHALITY,
2021–2026 (USD MILLION)    158
13.3.3    US    158
13.3.3.1    The US is one of the leading markets for ammunition across globe    158
TABLE 58    US: AMMUNITION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    158
TABLE 59    US: AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    158
TABLE 60    US: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2017–2020 (USD MILLION)    159
TABLE 61    US: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    159
TABLE 62    US: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    159
TABLE 63    US: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    159
TABLE 64    US: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    160
TABLE 65    US: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    160
TABLE 66    US: SMALL CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    160
13.3.4    CANADA    161
13.3.4.1    Military modernization programs are fueling growth of ammunition market in Canada    161
TABLE 67    CANADA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    161
TABLE 68    CANADA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    161
TABLE 69    CANADA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    161
TABLE 70    CANADA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    161
TABLE 71    CANADA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    162
TABLE 72    CANADA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    162
TABLE 73    CANADA: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    162
TABLE 74    CANADA: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    162
TABLE 75    CANADA: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    163
13.4    EUROPE    163
13.4.1    COVID-19 IMPACT ON EUROPE    163
13.4.2    PESTLE ANALYSIS: EUROPE    164
FIGURE 44    EUROPE AMMUNITION MARKET SNAPSHOT    165
TABLE 76    EUROPE: AMMUNITION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)    166
TABLE 77    EUROPE: AMMUNITION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)    166
TABLE 78    EUROPE: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    166
TABLE 79    EUROPE: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    167
TABLE 80    EUROPE: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    167
TABLE 81    EUROPE: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    167
TABLE 82    EUROPE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    167
TABLE 83    EUROPE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    168
TABLE 84    EUROPE: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    168
TABLE 85    EUROPE: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    168
TABLE 86    EUROPE: SMALL CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    169
TABLE 87    EUROPE: MEDIUM CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    169
TABLE 88    EUROPE: LARGE CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    169
TABLE 89    EUROPE: AMMUNITION MARKET, BY PRODUCT, 2017–2020 (USD MILLION)    170
TABLE 90    EUROPE: AMMUNITION MARKET, BY PRODUCT, 2021–2026 (USD MILLION)    170
TABLE 91    EUROPE: AMMUNITION MARKET, BY COMPONENT,
2017–2020 (USD MILLION)    170
TABLE 92    EUROPE: AMMUNITION MARKET, BY COMPONENT,
2021–2026 (USD MILLION)    171
TABLE 93    EUROPE: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2017–2020 (USD MILLION)    171
TABLE 94    EUROPE: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2021–2026 (USD MILLION)    171
TABLE 95    EUROPE: AMMUNITION MARKET, BY LETHALITY, 2017–2020 (USD MILLION)    171
TABLE 96    EUROPE: AMMUNITION MARKET, BY LETHALITY, 2021–2026 (USD MILLION)    172
13.4.3    UK    172
13.4.3.1    Procurement of new generation guided ammunition for defense forces drives market    172
TABLE 97    UK: AMMUNITION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    172
TABLE 98    UK: AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    172
TABLE 99    UK: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    173
TABLE 100    UK: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    173
TABLE 101    UK: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    173
TABLE 102    UK: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    173
TABLE 103    UK: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    174
TABLE 104    UK: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    174
TABLE 105    UK: SMALL CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    174
13.4.4    FRANCE    175
13.4.4.1    Increased stockpiling of ammunition to train armed forces fuel market growth    175
TABLE 106    FRANCE: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    175
TABLE 107    FRANCE: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    175
TABLE 108    FRANCE: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    175
TABLE 109    FRANCE: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    176
TABLE 110    FRANCE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    176
TABLE 111    FRANCE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    176
TABLE 112    FRANCE: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    176
TABLE 113    FRANCE: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    177
TABLE 114    FRANCE: SMALL CALIBER AMMUNITION MARKET FOR MILITARY, BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    177
13.4.5    RUSSIA    177
13.4.5.1    Increased ammunition procurement due to cross-border conflicts support market growth    177
TABLE 115    RUSSIA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    178
TABLE 116    RUSSIA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    178
TABLE 117    RUSSIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    178
TABLE 118    RUSSIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    178
TABLE 119    RUSSIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    179
TABLE 120    RUSSIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    179
TABLE 121    RUSSIA: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    179
TABLE 122    RUSSIA: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    180
TABLE 123    RUSSIA: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    180
13.4.6    GERMANY    180
13.4.6.1    Presence of key market players propels demand for ammunition in Germany    180
TABLE 124    GERMANY: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    180
TABLE 125    GERMANY: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    181
TABLE 126    GERMANY: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    181
TABLE 127    GERMANY: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    181
TABLE 128    GERMANY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    181
TABLE 129    GERMANY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    182
TABLE 130    GERMANY: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    182
TABLE 131    GERMANY: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    182
TABLE 132    GERMANY: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    183
13.4.7    ITALY    183
13.4.7.1    Surging demand for ammunition by homeland security agencies of Italy drive market    183
TABLE 133    ITALY: AMMUNITION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    183
TABLE 134    ITALY: AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    184
TABLE 135    ITALY: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    184
TABLE 136    ITALY: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    184
TABLE 137    ITALY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    184
TABLE 138    ITALY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    185
TABLE 139    ITALY: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    185
TABLE 140    ITALY: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    185
TABLE 141    ITALY: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    186
13.4.8    SPAIN    186
13.4.8.1    Demand for ammunition from law enforcement agencies fuels market growth in Spain    186
TABLE 142    SPAIN: AMMUNITION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    186
TABLE 143    SPAIN: AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    187
TABLE 144    SPAIN: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    187
TABLE 145    SPAIN: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    187
TABLE 146    SPAIN: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    187
TABLE 147    SPAIN: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    188
TABLE 148    SPAIN: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    188
TABLE 149    SPAIN: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    188
TABLE 150    SPAIN: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    189
13.4.9    POLAND    189
13.4.9.1    Developments undertaken by ammunition suppliers and government bodies propel market growth    189
TABLE 151    POLAND: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    189
TABLE 152    POLAND: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    190
TABLE 153    POLAND: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    190
TABLE 154    POLAND: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    190
TABLE 155    POLAND: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    190
13.4.10    REST OF EUROPE    191
TABLE 156    REST OF EUROPE: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    191
TABLE 157    REST OF EUROPE: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    192
TABLE 158    REST OF EUROPE: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    192
TABLE 159    REST OF EUROPE: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    192
TABLE 160    REST OF EUROPE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    192
TABLE 161    REST OF EUROPE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    193
TABLE 162    REST OF EUROPE: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    193
TABLE 163    REST OF EUROPE: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    193
13.5    ASIA PACIFIC    194
13.5.1    COVID-19 IMPACT ON ASIA PACIFIC    194
13.5.2    PESTLE ANALYSIS: ASIA PACIFIC    194
FIGURE 45    ASIA PACIFIC AMMUNITION MARKET SNAPSHOT    196
TABLE 164    ASIA PACIFIC: AMMUNITION MARKET, BY COUNTRY,
2017–2020 (USD MILLION)    197
TABLE 165    ASIA PACIFIC: AMMUNITION MARKET, BY COUNTRY,
2021–2026 (USD MILLION)    197
TABLE 166    ASIA PACIFIC: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    197
TABLE 167    ASIA PACIFIC: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    198
TABLE 168    ASIA PACIFIC: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    198
TABLE 169    ASIA PACIFIC: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    198
TABLE 170    ASIA PACIFIC: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    198
TABLE 171    ASIA PACIFIC: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    199
TABLE 172    ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    199
TABLE 173    ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    199
TABLE 174    ASIA PACIFIC: SMALL CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    200
TABLE 175    ASIA PACIFIC: MEDIUM CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    200
TABLE 176    ASIA PACIFIC: LARGE CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    200
TABLE 177    ASIA PACIFIC: AMMUNITION MARKET, BY PRODUCT,
2017–2020 (USD MILLION)    201
TABLE 178    ASIA PACIFIC: AMMUNITION MARKET, BY PRODUCT,
2021–2026 (USD MILLION)    201
TABLE 179    ASIA PACIFIC: AMMUNITION MARKET, BY COMPONENT,
2017–2020 (USD MILLION)    201
TABLE 180    ASIA PACIFIC: AMMUNITION MARKET, BY COMPONENT,
2021–2026 (USD MILLION)    202
TABLE 181    ASIA PACIFIC: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2017–2020 (USD MILLION)    202
TABLE 182    ASIA PACIFIC: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2021–2026 (USD MILLION)    202
TABLE 183    ASIA PACIFIC: AMMUNITION MARKET, BY LETHALITY,
2017–2020 (USD MILLION)    202
TABLE 184    ASIA PACIFIC: AMMUNITION MARKET, BY LETHALITY,
2021–2026 (USD MILLION)    203
13.5.3    CHINA    203
13.5.3.1    Geopolitical tensions with neighboring countries increase procurement of ammunition    203
TABLE 185    CHINA: AMMUNITION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    203
TABLE 186    CHINA: AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    203
TABLE 187    CHINA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    204
TABLE 188    CHINA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    204
TABLE 189    CHINA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    204
TABLE 190    CHINA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    204
TABLE 191    CHINA: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    205
TABLE 192    CHINA: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    205
TABLE 193    CHINA: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    205
13.5.4    INDIA    206
13.5.4.1    Surging defense budgets fuel market growth in India    206
TABLE 194    INDIA: AMMUNITION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    206
TABLE 195    INDIA: AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    206
TABLE 196    INDIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    206
TABLE 197    INDIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    207
TABLE 198    INDIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    207
TABLE 199    INDIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    207
TABLE 200    INDIA: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    207
TABLE 201    INDIA: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    208
TABLE 202    INDIA: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    208
13.5.5    JAPAN    208
13.5.5.1    Development of high-end indigenous ammunition technology drives market growth    208
TABLE 203    JAPAN: AMMUNITION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    209
TABLE 204    JAPAN: AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    209
TABLE 205    JAPAN: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    209
TABLE 206    JAPAN: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    209
TABLE 207    JAPAN: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    210
TABLE 208    JAPAN: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    210
TABLE 209    JAPAN: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    210
TABLE 210    JAPAN: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    210
TABLE 211    JAPAN: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    211"
"13.5.6    SOUTH KOREA    211
13.5.6.1    Regional conflicts with neighboring countries fuel demand for ammunition in South Korea    211
TABLE 212    SOUTH KOREA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    211
TABLE 213    SOUTH KOREA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    212
TABLE 214    SOUTH KOREA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    212
TABLE 215    SOUTH KOREA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    212
TABLE 216    SOUTH KOREA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    212
TABLE 217    SOUTH KOREA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    213
TABLE 218    SOUTH KOREA: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    213
TABLE 219    SOUTH KOREA: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    213
TABLE 220    SOUTH KOREA: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    214
13.5.7    AUSTRALIA    214
13.5.7.1    Government contracts play major role in fueling market growth    214
TABLE 221    AUSTRALIA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    214
TABLE 222    AUSTRALIA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    214
TABLE 223    AUSTRALIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    215
TABLE 224    AUSTRALIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    215
TABLE 225    AUSTRALIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    215
TABLE 226    AUSTRALIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    215
TABLE 227    AUSTRALIA: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    216
TABLE 228    AUSTRALIA: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    216
TABLE 229    AUSTRALIA: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    216
13.5.8    SINGAPORE    217
13.5.8.1    Focus on strengthening military capabilities fuel market growth in Singapore    217
TABLE 230    SINGAPORE: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    217
TABLE 231    SINGAPORE: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    217
TABLE 232    SINGAPORE: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    217
TABLE 233    SINGAPORE: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    218
TABLE 234    SINGAPORE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    218
TABLE 235    SINGAPORE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    218
TABLE 236    SINGAPORE: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    218
TABLE 237    SINGAPORE: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    219
TABLE 238    SINGAPORE: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    219
13.5.9    INDONESIA    219
13.5.9.1    Modernizing armed forces act as major driver of market    219
TABLE 239    INDONESIA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    219
TABLE 240    INDONESIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    220
TABLE 241    INDONESIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    220
TABLE 242    INDONESIA: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    220
TABLE 243    INDONESIA: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    221
13.5.10    VIETNAM    221
13.5.10.1    Growth in military capabilities support ammunition market    221
TABLE 244    VIETNAM: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    221
TABLE 245    VIETNAM: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    221
TABLE 246    VIETNAM: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    222
TABLE 247    VIETNAM: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    222
TABLE 248    VIETNAM: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    222
13.5.11    REST OF ASIA PACIFIC    223
TABLE 249    REST OF ASIA PACIFIC: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    223
TABLE 250    REST OF ASIA PACIFIC: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    223
TABLE 251    REST OF ASIA PACIFIC: AMMUNITION MARKET FOR DEFENSE,
BY TYPE, 2017–2020 (USD MILLION)    223
TABLE 252    REST OF ASIA PACIFIC: AMMUNITION MARKET FOR DEFENSE,
BY TYPE, 2021–2026 (USD MILLION)    224
TABLE 253    REST OF ASIA PACIFIC: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    224
TABLE 254    REST OF ASIA PACIFIC: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    224
TABLE 255    REST OF ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    224
TABLE 256    REST OF ASIA PACIFIC: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    225
13.6    MIDDLE EAST    225
13.6.1    COVID-19 IMPACT ON MIDDLE EAST    225
13.6.2    PESTLE ANALYSIS: MIDDLE EAST    226
FIGURE 46    MIDDLE EAST AMMUNITION MARKET SNAPSHOT    227
TABLE 257    MIDDLE EAST: AMMUNITION MARKET, BY COUNTRY,
2017–2020 (USD MILLION)    227
TABLE 258    MIDDLE EAST: AMMUNITION MARKET, BY COUNTRY,
2021–2026 (USD MILLION)    228
TABLE 259    MIDDLE EAST: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    228
TABLE 260    MIDDLE EAST: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    228
TABLE 261    MIDDLE EAST: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    228
TABLE 262    MIDDLE EAST: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    229
TABLE 263    MIDDLE EAST: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    229
TABLE 264    MIDDLE EAST: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    229
TABLE 265    MIDDLE EAST: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    229
TABLE 266    MIDDLE EAST: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    230
TABLE 267    MIDDLE EAST: SMALL CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    230
TABLE 268    MIDDLE EAST: MEDIUM CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    230
TABLE 269    MIDDLE EAST: LARGE CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    231
TABLE 270    MIDDLE EAST: AMMUNITION MARKET, BY PRODUCT,
2017–2020 (USD MILLION)    231
TABLE 271    MIDDLE EAST: AMMUNITION MARKET, BY PRODUCT,
2021–2026 (USD MILLION)    231
TABLE 272    MIDDLE EAST: AMMUNITION MARKET, BY COMPONENT,
2017–2020 (USD MILLION)    232
TABLE 273    MIDDLE EAST: AMMUNITION MARKET, BY COMPONENT,
2021–2026 (USD MILLION)    232
TABLE 274    MIDDLE EAST: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2017–2020 (USD MILLION)    232
TABLE 275    MIDDLE EAST: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2021–2026 (USD MILLION)    232
TABLE 276    MIDDLE EAST: AMMUNITION MARKET, BY LETHALITY,
2017–2020 (USD MILLION)    233
TABLE 277    MIDDLE EAST: AMMUNITION MARKET, BY LETHALITY,
2021–2026 (USD MILLION)    233
13.6.3    SAUDI ARABIA    233
13.6.3.1    Increased defense spending in Saudi Arabia drives market    233
TABLE 278    SAUDI ARABIA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    233
TABLE 279    SAUDI ARABIA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    234
TABLE 280    SAUDI ARABIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    234
TABLE 281    SAUDI ARABIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    234
TABLE 282    SAUDI ARABIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    234
TABLE 283    SAUDI ARABIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    235
TABLE 284    SAUDI ARABIA: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    235
TABLE 285    SAUDI ARABIA: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    235
TABLE 286    SAUDI ARABIA: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    236
13.6.4    TURKEY    236
13.6.4.1    Focus on strengthening its armed forces fuels market growth    236
TABLE 287    TURKEY: AMMUNITION MARKET, BY APPLICATION,
 2017–2020 (USD MILLION)    236
TABLE 288    TURKEY: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    236
TABLE 289    TURKEY: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    237
TABLE 290    TURKEY: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    237
TABLE 291    TURKEY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    237
TABLE 292    TURKEY: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    237
TABLE 293    TURKEY: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    238
TABLE 294    TURKEY: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    238
TABLE 295    TURKEY: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    238
13.6.5    ISRAEL    239
13.6.5.1    Adoption of advanced weapon systems to train armed forces fuels market growth    239
TABLE 296    ISRAEL: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    239
TABLE 297    ISRAEL: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    239
TABLE 298    ISRAEL: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    239
TABLE 299    ISRAEL: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    240
TABLE 300    ISRAEL: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    240
TABLE 301    ISRAEL: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    240
TABLE 302    ISRAEL: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    240
TABLE 303    ISRAEL: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    241
TABLE 304    ISRAEL: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    241
13.6.6    UAE    241
13.6.6.1    Operational readiness of defense forces drives demand for ammunition in the country    241
TABLE 305    UAE: AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    242
TABLE 306    UAE: AMMUNITION MARKET FOR DEFENSE, BY TYPE, 2021–
2026 (USD MILLION)    242
TABLE 307    UAE: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    242
TABLE 308    UAE: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    242
TABLE 309    UAE: SMALL CALIBER AMMUNITION MARKET FOR MILITARY,
BY NATO GRADE CALIBER, 2021–2026 (USD MILLION)    243
13.6.7    REST OF MIDDLE EAST    243
TABLE 310    REST OF MIDDLE EAST: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    243
TABLE 311    REST OF MIDDLE EAST: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    243
TABLE 312    REST OF MIDDLE EAST: AMMUNITION MARKET FOR DEFENSE,
BY TYPE, 2017–2020 (USD MILLION)    244
TABLE 313    REST OF MIDDLE EAST: AMMUNITION MARKET FOR DEFENSE,
BY TYPE, 2021–2026 (USD MILLION)    244
TABLE 314    REST OF MIDDLE EAST: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    244
TABLE 315    REST OF MIDDLE EAST: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    244
TABLE 316    REST OF MIDDLE EAST: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    245
TABLE 317    REST OF MIDDLE EAST: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    245
13.7    LATIN AMERICA    245
13.7.1    COVID-19 IMPACT ON LATIN AMERICA    246
13.7.2    PESTLE ANALYSIS: LATIN AMERICA    246
TABLE 318    LATIN AMERICA: AMMUNITION MARKET, BY COUNTRY,
2017–2020 (USD MILLION)    247
TABLE 319    LATIN AMERICA: AMMUNITION MARKET, BY COUNTRY,
2021–2026 (USD MILLION)    247
TABLE 320    LATIN AMERICA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    247
TABLE 321    LATIN AMERICA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    247
TABLE 322    LATIN AMERICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    248
TABLE 323    LATIN AMERICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    248
TABLE 324    LATIN AMERICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    248
TABLE 325    LATIN AMERICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    248
TABLE 326    LATIN AMERICA: AMMUNITION MARKET, BY CALIBER,
2017–2020 (USD MILLION)    249
TABLE 327    LATIN AMERICA: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    249
TABLE 328    LATIN AMERICA: SMALL CALIBER AMMUNITION MARKET,
BY TYPE, 2021–2026 (USD MILLION)    249
TABLE 329    LATIN AMERICA: MEDIUM CALIBER AMMUNITION MARKET,
BY TYPE, 2021–2026 (USD MILLION)    250
TABLE 330    LATIN AMERICA: LARGE CALIBER AMMUNITION MARKET,
BY TYPE, 2021–2026 (USD MILLION)    250
TABLE 331    LATIN AMERICA: AMMUNITION MARKET, BY PRODUCT,
2017–2020 (USD MILLION)    250
TABLE 332    LATIN AMERICA: AMMUNITION MARKET, BY PRODUCT,
2021–2026 (USD MILLION)    251
TABLE 333    LATIN AMERICA: AMMUNITION MARKET, BY COMPONENT,
2017–2020 (USD MILLION)    251
TABLE 334    LATIN AMERICA: AMMUNITION MARKET, BY COMPONENT,
2021–2026 (USD MILLION)    251
TABLE 335    LATIN AMERICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2017–2020 (USD MILLION)    252
TABLE 336    LATIN AMERICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2021–2026 (USD MILLION)    252
TABLE 337    LATIN AMERICA: AMMUNITION MARKET, BY LETHALITY,
2017–2020 (USD MILLION)    252
TABLE 338    LATIN AMERICA: AMMUNITION MARKET, BY LETHALITY,
2021–2026 (USD MILLION)    252
13.7.3    BRAZIL    253
13.7.3.1    Increasing focus on modernizing armed forces support market growth    253
TABLE 339    BRAZIL: AMMUNITION MARKET, BY APPLICATION,
 2017–2020 (USD MILLION)    253
TABLE 340    BRAZIL: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    253
TABLE 341    BRAZIL: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    253
TABLE 342    BRAZIL: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    254
TABLE 343    BRAZIL: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    254
TABLE 344    BRAZIL: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    254
TABLE 345    BRAZIL: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    255
13.7.4    ARGENTINA    255
13.7.4.1    Focus on strengthening capabilities of armed forces fuels market growth    255
TABLE 346    ARGENTINA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    255
TABLE 347    ARGENTINA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    255
TABLE 348    ARGENTINA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    256
TABLE 349    ARGENTINA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    256
TABLE 350    ARGENTINA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    256
TABLE 351    ARGENTINA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    256
TABLE 352    ARGENTINA: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    257
13.7.5    MEXICO    257
13.7.5.1    Presence of drug cartels and increasing drug trafficking drive demand for small caliber ammunition    257
TABLE 353    MEXICO: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    257
TABLE 354    MEXICO: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    257
TABLE 355    MEXICO: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    258
TABLE 356    MEXICO: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    258
TABLE 357    MEXICO: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    258
TABLE 358    MEXICO: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    258
TABLE 359    MEXICO: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    259
13.8    AFRICA    259
13.8.1    COVID-19 IMPACT ON AFRICA    259
13.8.2    PESTLE ANALYSIS: AFRICA    259
TABLE 360    AFRICA: AMMUNITION MARKET, BY COUNTRY, 2017–2020 (USD MILLION)    260
TABLE 361    AFRICA: AMMUNITION MARKET, BY COUNTRY, 2021–2026 (USD MILLION)    260
TABLE 362    AFRICA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    260
TABLE 363    AFRICA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    260
TABLE 364    AFRICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    261
TABLE 365    AFRICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    261
TABLE 366    AFRICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    261
TABLE 367    AFRICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    261
TABLE 368    AFRICA: AMMUNITION MARKET, BY CALIBER, 2017–2020 (USD MILLION)    262
TABLE 369    AFRICA: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    262
TABLE 370    AFRICA: SMALL CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    262
TABLE 371    AFRICA: MEDIUM CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    263
TABLE 372    AFRICA: LARGE CALIBER AMMUNITION MARKET, BY TYPE,
2021–2026 (USD MILLION)    263
TABLE 373    AFRICA: AMMUNITION MARKET, BY PRODUCT, 2017–2020 (USD MILLION)    263
TABLE 374    AFRICA: AMMUNITION MARKET, BY PRODUCT, 2021–2026 (USD MILLION)    264
TABLE 375    AFRICA: AMMUNITION MARKET, BY COMPONENT,
2017–2020 (USD MILLION)    264
TABLE 376    AFRICA: AMMUNITION MARKET, BY COMPONENT,
2021–2026 (USD MILLION)    264
TABLE 377    AFRICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2017–2020 (USD MILLION)    265
TABLE 378    AFRICA: AMMUNITION MARKET, BY GUIDANCE MECHANISM,
2021–2026 (USD MILLION)    265
TABLE 379    AFRICA: AMMUNITION MARKET, BY LETHALITY, 2017–2020 (USD MILLION)    265
TABLE 380    AFRICA: AMMUNITION MARKET, BY LETHALITY, 2021–2026 (USD MILLION)    265
13.8.3    SOUTH AFRICA    266
13.8.3.1    Replacement of aging military equipment fuels market growth    266
TABLE 381    SOUTH AFRICA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    266
TABLE 382    SOUTH AFRICA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    266
TABLE 383    SOUTH AFRICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    266
TABLE 384    SOUTH AFRICA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    266
TABLE 385    SOUTH AFRICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    267
TABLE 386    SOUTH AFRICA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2021–2026 (USD MILLION)    267
TABLE 387    SOUTH AFRICA: AMMUNITION MARKET, BY CALIBER,
2021–2026 (USD MILLION)    267
13.8.4    EGYPT    268
13.8.4.1    Focus on multilateral training exercises to strengthen its armed forces drives market    268
TABLE 388    EGYPT: AMMUNITION MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    268
TABLE 389    EGYPT: AMMUNITION MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    268
TABLE 390    EGYPT: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    268
TABLE 391    EGYPT: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    268
TABLE 392    EGYPT: AMMUNITION MARKET FOR CIVIL & COMMERCIAL,
BY TYPE, 2017–2020 (USD MILLION)    269
TABLE 393    EGYPT: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    269
TABLE 394    EGYPT: AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    269
13.8.5    ALGERIA    270
13.8.5.1    Rising threats from terrorist groups and instability with neighboring countries support market growth    270
TABLE 395    ALGERIA: AMMUNITION MARKET, BY APPLICATION,
2017–2020 (USD MILLION)    270
TABLE 396    ALGERIA: AMMUNITION MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    270
TABLE 397    ALGERIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2017–2020 (USD MILLION)    270
TABLE 398    ALGERIA: AMMUNITION MARKET FOR DEFENSE, BY TYPE,
2021–2026 (USD MILLION)    271
TABLE 399    ALGERIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2017–2020 (USD MILLION)    271
TABLE 400    ALGERIA: AMMUNITION MARKET FOR CIVIL & COMMERCIAL, BY TYPE,
2021–2026 (USD MILLION)    271
TABLE 401    ALGERIA AMMUNITION MARKET, BY CALIBER, 2021–2026 (USD MILLION)    271
14    COMPANY LANDSCAPE    272
14.1    INTRODUCTION    272
FIGURE 47    KEY MARKET PLAYERS ADOPTED CONTRACTS AS KEY GROWTH STRATEGY FROM 2017 TO JULY 2021    272
14.2    MARKET RANKING ANALYSIS OF KEY PLAYERS, 2020    273
FIGURE 48    RANKING ANALYSIS OF TOP 10 PLAYERS: AMMUNITION MARKET, 2020    273
14.3    MARKET SHARE OF KEY PLAYERS, 2020    274
FIGURE 49    MARKET SHARE ANALYSIS 2020    274
FIGURE 50    REVENUE ANALYSIS OF KEY MARKET PLAYERS, 2016-2020    276
14.4    COMPANY PRODUCT FOOTPRINT ANALYSIS    276
TABLE 402    COMPANY PRODUCT FOOTPRINT    276
TABLE 403    COMPANY APPLICATION FOOTPRINT    277
TABLE 404    COMPANY REGION FOOTPRINT    278
14.5    COMPANY EVALUATION QUADRANT    280
14.5.1    STAR    280
14.5.2    EMERGING LEADERS    280
14.5.3    PERVASIVE    280
14.5.4    PARTICIPANT    280
FIGURE 51    AMMUNITION MARKET: COMPANY EVALUATION MATRIX, 2020    281
14.6    START-UP/SME EVALUATION QUADRANT    282
14.6.1    PROGRESSIVE COMPANY    282
14.6.2    RESPONSIVE COMPANY    282
14.6.3    STARTING BLOCK    282
14.6.4    DYNAMIC COMPANY    282
FIGURE 52    AMMUNITION MARKET COMPETITIVE LEADERSHIP MAPPING, 2020    283
14.6.4.1    COMPETITIVE BENCHMARKING    284
TABLE 405    AMMUNITION MARKET: DETAILED LIST OF KEY STARTUP/SMES    284
TABLE 406    AMMUNITION MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]    284
14.7    COMPETITIVE SITUATIONS AND TRENDS    285
14.7.1    NEW PRODUCT LAUNCHES AND DEVELOPMENTS    285
TABLE 407    NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2018-2021    285
14.7.2    CONTRACTS    286
TABLE 408    AMMUNITION MARKET: DEALS, 2018–2021    286
15    COMPANY PROFILE    296
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
15.1    KEY PLAYERS    296
15.1.1    NORTHROP GRUMMAN CORPORATION    296
TABLE 409    NORTHROP GRUMMAN CORPORATION: BUSINESS OVERVIEW    296
FIGURE 53    NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT    297
15.1.2    GENERAL DYNAMICS CORPORATION    300
TABLE 410    GENERAL DYNAMICS CORPORATION: BUSINESS OVERVIEW    300
FIGURE 54    GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT    301
TABLE 411    GENERAL DYNAMICS CORPORATION: PRODUCTS OFFERED     301
15.1.3    NAMMO AS    304
TABLE 412    NAMMO AS: BUSINESS OVERVIEW    304
FIGURE 55    NAMMO AS: COMPANY SNAPSHOT    305
TABLE 413    NAMMO AS: PRODUCTS OFFERED     305
15.1.4    BAE SYSTEMS    308
TABLE 414    BAE SYSTEMS: BUSINESS OVERVIEW    308
FIGURE 56    BAE SYSTEMS: COMPANY SNAPSHOT    309
TABLE 415    BAE SYSTEMS: DEALS    310
15.1.5    THALES GROUP    313
15.1.5.1    Business overview    313
TABLE 416    THALES GROUP: BUSINESS OVERVIEW    313
FIGURE 57    THALES GROUP: COMPANY SNAPSHOT    314
15.1.6    AMMO INCORPORATED    317
TABLE 417    AMMO INC: BUSINESS OVERVIEW    317
TABLE 418    AMMO INC: DEALS    318
15.1.7    ARSENAL JSCO.    321
TABLE 419    ARSENAL JSCO: BUSINESS OVERVIEW    321
15.1.8    CBC GLOBAL AMMUNITION    323
TABLE 420    CBC GLOBAL AMMUNITION: BUSINESS OVERVIEW    323
TABLE 421    CBC GLOBAL AMMUNITION: PRODUCT OFFERED    323
15.1.9    CHEMRING GROUP PLC    325
TABLE 422    CHEMRING GROUP PLC: BUSINESS OVERVIEW    325
15.1.10    DENEL SOC LTD.    327
TABLE 423    CHEMRING GROUP PLC: BUSINESS OVERVIEW    327
15.1.11    ELBIT SYSTEMS LTD.    329
TABLE 424    ELBIT SYSTEMS: BUSINESS OVERVIEW    329
FIGURE 58    ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT    330
TABLE 425    ELBIT SYSTEMS: PRODUCTS OFFERED     330
TABLE 426    ELBIT SYSTEMS: DEALS    332
15.1.12    FIOCCHI MUNIZIONI SPA    333
TABLE 427    FIOCCHI MUNIZIONI SPA: BUSINESS OVERVIEW    333
15.1.13    HANWHA CORPORATION    335
TABLE 428    HANWHA CORPORATION: BUSINESS OVERVIEW    335
TABLE 429    HANWHA CORPORATION: PRODUCTS OFFERED     335
15.1.14    HERSTAL GROUP (FN HERSTAL)    336
TABLE 430    HERSTAL GROUP (FN HERSTAL): BUSINESS OVERVIEW    336
TABLE 431    HERSTAL GROUP (FN HERSTAL): PRODUCTS OFFERED     336
15.1.15    HORNADY    337
TABLE 432    HORNADY: BUSINESS OVERVIEW    337
TABLE 433    HORNADY: PRODUCTS OFFERED     337
15.1.16    MAXAM (EXPAL)    340
TABLE 434    MAXAM (EXPAL): BUSINESS OVERVIEW    340
FIGURE 59    MAXAM (EXPAL): COMPANY SNAPSHOT    341
TABLE 435    MAXAM (EXPAL): PRODUCTS OFFERED     341
15.1.17    NEXTER    345
TABLE 436    NEXTER: BUSINESS OVERVIEW    345
TABLE 437    NEXTER: PRODUCTS OFFERED     345
15.1.18    NORINCO    348
TABLE 438    NORINCO: BUSINESS OVERVIEW    348
TABLE 439    NORINCO: PRODUCTS OFFERED     348
15.1.19    OLIN CORPORATION    349
TABLE 440    OLIN CORPORATION: BUSINESS OVERVIEW    349
FIGURE 60    OLIN CORPORATION: COMPANY SNAPSHOT    350
15.1.20    POONGSAN CORPORATION    355
TABLE 441    POONGSAN CORPORATION: BUSINESS OVERVIEW    355
15.1.21    RUAG GROUP (RUAG AMMOTEC)    356
TABLE 442    RUAG GROUP (RUAG AMMOTEC): BUSINESS OVERVIEW    356
15.1.22    REMINGTON OUTDOOR COMPANY    359
TABLE 443    REMINGTON OUTDOOR COMPANY: BUSINESS OVERVIEW    359
15.1.23    RHEINMETALL AG    360
TABLE 444    RHEINMETALL AG: BUSINESS OVERVIEW    360
FIGURE 61    RHEINMETALL AG: COMPANY SNAPSHOT    361
15.1.24    ROSOBORONEXPORT    364
TABLE 445    ROSOBORONEXPORT: BUSINESS OVERVIEW    364
15.1.25    SIERRA BULLETS    366
TABLE 446    SIERRA BULLETS: BUSINESS OVERVIEW    366
15.1.26    SIG SAUER    367
TABLE 447    SIG SAUER: BUSINESS OVERVIEW    367
15.1.27    ST ENGINEERING    369
TABLE 448    ST ENGINEERING: BUSINESS OVERVIEW    369
15.1.28    VISTA OUTDOOR INC.    371
TABLE 449    VISTA OUTDOOR: BUSINESS OVERVIEW    371
FIGURE 62    VISTA OUTDOOR INC.: COMPANY SNAPSHOT    372
15.1.29    YUGOIMPORT-SDPR J.P.    375
TABLE 450    YUGOIMPORT-SDPR J.P.: BUSINESS OVERVIEW    375
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
16    APPENDIX    377
16.1    DISCUSSION GUIDE    377
16.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    380
16.3    AVAILABLE CUSTOMIZATIONS    382
16.4    RELATED REPORTS    382
16.5    AUTHOR DETAILS    383"