Ammunition Market by Application (Defense, Civil & Commercial)
The global ammunition market has evolved into one of the most critical components of the defense and security industry, with its influence extending beyond traditional military use into civilian and commercial applications. Ammunition refers to the projectiles and propellants used in firearms, artillery, and other weapon systems, playing a central role in ensuring operational readiness, national security,...
Trade War Fallout: Ammo Market Disrupted
The U.S. ammunition market, a vital cog in both civilian life and national defense, was thrust into uncertainty during the Trump administration’s aggressive trade war strategy. When tariffs were imposed on key imports like steel, aluminum, copper, and lead, a cascade of effects rippled across the ammunition industry. The supply chain, finely tuned for global efficiency, suddenly became fractured....
How Key Players Are Revolutionizing the Ammunition Market
The Global Ammunition Market is expected to experience steady growth over the next few years, with market size projected to increase from USD 28.0 billion in 2023 to USD 33.1 billion by 2028, at a compound annual growth rate (CAGR) of 3.4%. The market is driven by rising geopolitical tensions, regional conflicts, and the need for countries to maintain advanced warfare equipment and ammunition...