The global ammunitions market research report categorizes the global market on the basis of types, geography, and countries for the forecast period 2013 to 2020. In the report, five major types of ammunitions are briefly explained which include large, medium, and small caliber, artillery, and mortar ammunitions. The report highlights the market size and the market share for these types of ammunitions, out of which, small caliber ammunition contributes largest share followed by artillery ammunition.
The regional analysis offers the market share and size for the major regions of Africa, Europe, APAC, the Middle East, Latin America, North America, and Russia. Wherein, global ammunitions market is majorly acquired by Asia-Pacific and the Middle Eastern countries. During the forecast period, the market share for the Europe region is estimated to show a stable growth. Cumulative effect of economic slowdown, defense budget cuts in the European countries, troop and inventory size reduction, and increasing reliance on simulators for training are expected to exert pressure on the ammunition market.
The technology trends which are prevalent in this market includes design for demilitarization, sensor fused munitions, multipurpose ammunitions, and implementation of safety enhancements as high quality and quantity along with reducing cost is the major challenge in the global ammunitions market.
The report offers the leading competitors in the global ammunitions market, a general overview of the companies with their financial position, key products, and market share.