Ammunition Market By Product Type (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), By Component (Fuzes & Primers, Propellants, Bases, Projectiles and Warheads, and Others), By Caliber (Small (9mm, 7.62mm, 14.5mm, Others), Medium (20mm, 30mm, Others), Large (60mm, 155mm, and Others), and Others), By Application (Civil & Commercial and Defense), and Geography  

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Ammunition Market size was valued at USD 22,671.2 million in 2023 and is poised to grow at a 3.4% CAGR from 2024 to 2030. Ammunition also informally known as ammo, is the material fired, scattered, dropped, or detonated from any weapon or weapon system. Ammunition can be defined as expendable weapons such as bombs, missiles, grenades, land mines, etc, or also the component of other directed energy weapons such as bullets and warheads. For example, firearm cartridge has various applications in the military and defense industry. The increasing demand for various types of ammunition in the military and defense industry is the major driver of the global ammunition market growth. This is due to increasing national and international conflicts across the world.

For instance, Russo-Ukrainian War in 2022, the Indo-China wars, and the Indo-Pakistan conflicts are fuelling the overall ammunition market growth across the world. The government is also spending a huge amount of budget on the defense sector due to conflicts and wars. Also, the global players are influencing the global ammunition market trend through their new product launches and advanced technology in this market sector. Military modernization programs are one of the key opportunities in the overall ammunition market. However, stringent regulations regarding arms are restricting the global ammunition market growth of the normal consumer base. So, government regulations may hamper the global ammunition market growth to an extent.

Ammunition Market Key Developments:

In Sept 2022, AMMO, Inc. is expanding its distribution network with the rollout of product offerings to additional 440 retail locations nationwide and 5 new distributor partners.

Ammunition Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.4%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Ammunition Market Dynamics

Increasing investment by the government of various countries across the world for enhancements in military and armed forces and strengthening the defense of the country is expected to drive the overall ammunition market growth across the world. Also, the growing consumer base of small caliber ammunition by civilians and security departments is influencing the growth in the ammunition market. Also, the increasing sales and advanced technology and materials for the production of lightweight ammunition are expected to maintain the overall market growth

Ammunition Market Segmentation

By Product Type
  • Bullets
  • Aerial Bombs
  • Grenades
  • Artillery Shells
  • Mortars
  • Others
By Component
  • Fuzes & Primers
  • Propellants
  • Bases
  • Projectiles and Warheads
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The ammunition market size is expected to be valued at USD 22,671.2 million in 2023

The leading players in the global ammunition market are Northrop Grumman Corporation, FN Herstal, Olin Corporation, General Dynamics Corporation, BAE Systems, Inc., Rheinmetall Defense, Nexter KNDS Group, Hanwha Corporation, ST Engineering, Remington Arms Company LLC, Vista Outdoor Operations LLC, and Thales Group.

North America is dominating the global ammunition market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Ammunition Market Introduction
2.1. Global Ammunition Market Taxonomy
2.2. Global Ammunition Market Definitions
2.2.1. By Product Type
2.2.2. By Component
2.2.3. By Caliber
2.2.4. By Application
2.2.5. By Region
3. Global Ammunition Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Ammunition Market Dynamic Factors - Impact Analysis
3.6. Global Ammunition Market Competition Landscape
3.7. Epidemiology
4. Global Ammunition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Ammunition Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Bullets
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Aerial Bombs
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Grenades
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Artillery Shells
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Mortars
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Others
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
6. Global Ammunition Market, By Component, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1. Fuzes & Primers
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Propellants
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Bases
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Projectiles and Warheads
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Ammunition Market, By Caliber, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1. Small
7.1.1. 9mm
7.1.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.1.3. Market Opportunity Analysis
7.1.2. 7.62mm
7.1.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.2.3. Market Opportunity Analysis
7.1.3. 14.5mm
7.1.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3.3. Market Opportunity Analysis
7.1.4. Others
7.1.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.4.3. Market Opportunity Analysis
7.2. Medium
7.2.1. 20mm
7.2.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.1.3. Market Opportunity Analysis
7.2.2. 30mm
7.2.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.2.3. Market Opportunity Analysis
7.2.3. Others
7.2.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3.3. Market Opportunity Analysis
7.3. Large
7.3.1. 60mm
7.3.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.1.3. Market Opportunity Analysis
7.3.2. 155mm
7.3.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.2.3. Market Opportunity Analysis
7.3.3. Others
7.3.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3.3. Market Opportunity Analysis
7.4. Others
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
8. Global Ammunition Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1. Civil & Commercial
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Defense
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global Ammunition Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Ammunition Market - Opportunity Analysis Index, By Product Type, By Component, By Caliber, By Application, and Region, 2024 - 2030
10. North America Ammunition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Bullets
10.1.2. Aerial Bombs
10.1.3. Grenades
10.1.4. Artillery Shells
10.1.5. Mortars
10.1.6. Others
10.2. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Fuzes & Primers
10.2.2. Propellants
10.2.3. Bases
10.2.4. Projectiles and Warheads
10.2.5. Others
10.3. Caliber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Small
10.3.1.1. 9mm
10.3.1.2. 7.62mm
10.3.1.3. 14.5mm
10.3.1.4. Others
10.3.2. Medium
10.3.2.1. 20mm
10.3.2.2. 30mm
10.3.2.3. Others
10.3.3. Large
10.3.3.1. 60mm
10.3.3.2. 155mm
10.3.3.3. Others
10.3.4. Others
10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Civil & Commercial
10.4.2. Defense
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Ammunition Market - Opportunity Analysis Index, By Product Type, By Component, By Caliber, By Application, and Country, 2024 - 2030
10.7. North America Ammunition Market Dynamics Trends
11. Europe Ammunition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Bullets
11.1.2. Aerial Bombs
11.1.3. Grenades
11.1.4. Artillery Shells
11.1.5. Mortars
11.1.6. Others
11.2. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Fuzes & Primers
11.2.2. Propellants
11.2.3. Bases
11.2.4. Projectiles and Warheads
11.2.5. Others
11.3. Caliber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Small
11.3.1.1. 9mm
11.3.1.2. 7.62mm
11.3.1.3. 14.5mm
11.3.1.4. Others
11.3.2. Medium
11.3.2.1. 20mm
11.3.2.2. 30mm
11.3.2.3. Others
11.3.3. Large
11.3.3.1. 60mm
11.3.3.2. 155mm
11.3.3.3. Others
11.3.4. Others
11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Civil & Commercial
11.4.2. Defense
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe Ammunition Market - Opportunity Analysis Index, By Product Type, By Component, By Caliber, By Application, and Country, 2024 - 2030
11.7. Europe Ammunition Market Dynamics Trends
12. Asia-Pacific Ammunition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Bullets
12.1.2. Aerial Bombs
12.1.3. Grenades
12.1.4. Artillery Shells
12.1.5. Mortars
12.1.6. Others
12.2. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Fuzes & Primers
12.2.2. Propellants
12.2.3. Bases
12.2.4. Projectiles and Warheads
12.2.5. Others
12.3. Caliber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Small
12.3.1.1. 9mm
12.3.1.2. 7.62mm
12.3.1.3. 14.5mm
12.3.1.4. Others
12.3.2. Medium
12.3.2.1. 20mm
12.3.2.2. 30mm
12.3.2.3. Others
12.3.3. Large
12.3.3.1. 60mm
12.3.3.2. 155mm
12.3.3.3. Others
12.3.4. Others
12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Civil & Commercial
12.4.2. Defense
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Ammunition Market - Opportunity Analysis Index, By Product Type, By Component, By Caliber, By Application, and Country, 2024 - 2030
12.7. Asia-Pacific Ammunition Market Dynamics Trends
13. Latin America Ammunition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Bullets
13.1.2. Aerial Bombs
13.1.3. Grenades
13.1.4. Artillery Shells
13.1.5. Mortars
13.1.6. Others
13.2. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Fuzes & Primers
13.2.2. Propellants
13.2.3. Bases
13.2.4. Projectiles and Warheads
13.2.5. Others
13.3. Caliber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Small
13.3.1.1. 9mm
13.3.1.2. 7.62mm
13.3.1.3. 14.5mm
13.3.1.4. Others
13.3.2. Medium
13.3.2.1. 20mm
13.3.2.2. 30mm
13.3.2.3. Others
13.3.3. Large
13.3.3.1. 60mm
13.3.3.2. 155mm
13.3.3.3. Others
13.3.4. Others
13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Civil & Commercial
13.4.2. Defense
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Ammunition Market - Opportunity Analysis Index, By Product Type, By Component, By Caliber, By Application, and Country, 2024 - 2030
13.7. Latin America Ammunition Market Dynamics Trends
14. Middle East and Africa Ammunition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
14.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Bullets
14.1.2. Aerial Bombs
14.1.3. Grenades
14.1.4. Artillery Shells
14.1.5. Mortars
14.1.6. Others
14.2. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Fuzes & Primers
14.2.2. Propellants
14.2.3. Bases
14.2.4. Projectiles and Warheads
14.2.5. Others
14.3. Caliber Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Small
14.3.1.1. 9mm
14.3.1.2. 7.62mm
14.3.1.3. 14.5mm
14.3.1.4. Others
14.3.2. Medium
14.3.2.1. 20mm
14.3.2.2. 30mm
14.3.2.3. Others
14.3.3. Large
14.3.3.1. 60mm
14.3.3.2. 155mm
14.3.3.3. Others
14.3.4. Others
14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Civil & Commercial
14.4.2. Defense
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Ammunition Market - Opportunity Analysis Index, By Product Type, By Component, By Caliber, By Application, and Country, 2024 - 2030
14.7. MEA Ammunition Market Dynamics Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Northrop Grumman Corporation
15.2.2. FN Herstal
15.2.3. Olin Corporation
15.2.4. General Dynamics Corporation
15.2.5. BAE Systems, Inc.
15.2.6. Rheinmetall Defense
15.2.7. Nexter KNDS Group
15.2.8. Hanwha Corporation
15.2.9. ST Engineering
15.2.10. Remington Arms Company LLC
15.2.11. Vista Outdoor Operations LLC
15.2.12. Thales Group
15.2.13. Ammo Inc
16. Research Methodology
17. Key Assumptions and Acronyms
  • Northrop Grumman Corporation
  • FN Herstal
  • Olin Corporation
  • General Dynamics Corporation
  • BAE Systems, Inc.
  • Rheinmetall Defense
  • Nexter KNDS Group
  • Hanwha Corporation
  • ST Engineering
  • Remington Arms Company LLC
  • Vista Outdoor Operations LLC
  • Thales Group
  • Ammo Inc

Adjacent Markets