Small & Medium Caliber Ammunition Market (By Product Type – 7.62 x 39 mm, 7.62 x 54 mm, 30 x 165 mm, 23 x 115 mm, 23 x 152 mm, 12.7 x 108 mm, 14.5 x 114 mm, Others. By Geography – South America, Asia Pacific, Middle East and Africa.) - Global industry analysis, size, share, growth, trends and forecast, 2021 – 2031.

The Global Small & Medium Caliber Ammunition Market was valued at $10.9 Billion in 2020. Growing at a high CAGR of more than 7.13% between 2021 and 2031, it is estimated to reach $24.5 Billion by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased geopolitical tensions and the increased military expenditure are the main factors that will help to accelerate the growth of this market during the forecasted period.

Global Small & Medium Caliber Ammunition Market Is Estimated To Witness Remarkable Growth

The Global Small & Medium Caliber Ammunition Market has been segmented into product types. So on the basis of product type Global Small & Medium Caliber Ammunition Market has been segmented into 7.62 x 39 mm, 7.62 x 54 mm, 30 x 165 mm, 23 x 115 mm, 23 x 152 mm, 12.7 x 108 mm, 14.5 x 114 mm, Others.

By Region, Asia Pacific Is Holding The Major Market Share

The Global Small & Medium Caliber Ammunition Market has been geographically segmented into South America, Asia Pacific, Middle East, and Africa. In addition to this, Asia Pacific Global Small & Medium Caliber Ammunition Market is holding the largest market share at present and is estimated to witness a high compound annual growth rate during the upcoming forecasted period. Growth in the procurement of bullets and other small ammunitions in the armed forces because of geopolitical tension and terrorist activities in this region has led the region to dominate the market during the upcoming forecasted period. Besides this Middle East and Africa is also going to witness remarkable growth during the upcoming forecasted period.

Major Players in Global Small & Medium Caliber Ammunition Market

 Some of the major players in the Global Small & Medium Caliber Ammunition Market include Northrop Grumman Corp., FN Herstal, General Dynamics Corp., BAE Systems, Inc., ARSENAL JSCo, MESKO S.A., Nammo AS, Rheinmetall Defense, JSC Rosoboronexport, Nexter KNDS Group, ST Engineering, Denel SOC Ltd., MAXAMCorp Holding, S.L., RUAG Group, Poongsan Corp.

The Global Small & Medium Caliber Ammunition Market Has Been Segmented Into:

Global Small & Medium Caliber Ammunition Market, By Product Type

• 62 x 39 mm
• 62 x 54 mm
• 30 x 165 mm
• 23 x 115 mm
• 23 x 152 mm
• 7 x 108 mm
• 5 x 114 mm
• Others

Global Small & Medium Caliber Ammunition Market, By Country

• North America
• USA
• Canada
• Mexico
• Rest of North America
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific
• Latin America, Middle East & Africa
• Brazil
• South Africa
• UAE
• Rest of LAMEA