Wednesday 4 October 2017, AmsterdamThe defense industry is booming and the demand for medium-caliber ammunition is increasing steadily worldwide, among the military forces. The major players in the market are competing against one another undertaking various organic and inorganic market strategies such as mergers and acquisitions, business expansion, and partnerships. The companies are constantly working towards enhancing the existing products as well as launching new ones. The market is expected to grow and attract the attention of various companies across different segments of the value chain. Hence, the new players in the market will look to partner with an established player in order to lead the market and the overall market growth.