Ammunition Market Opportunities and Challenges detailed Report 2025
                     www.360quadrants.com 
Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, 
Medium, Large), Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), 
Component, Guidance, Lethality (Lethal, Less-lethal), Region - Global Forecast to 2025
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The Ammunition market study offers a thorough analysis of the key factors, market figures in terms of revenues, 
segmental data, regional data, and country-wise data. Ammunition Market is expected to reach USD 24.9 billion 
by 2025, at a CAGR of 3.6% during the forecast period. The Ammunition Market is divided based on Application, 
Caliber, Bullets, Aerial Bombs, Artillery Shells, Mortars, Guidance and Lethality.
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Ammunition Market Size Forecast to 2025 With COVID-19 Impact Analysis
The COVID-19 pandemic has caused a large-scale impact on economies across the world. The global 
manufacturing of ammunition, components, and assembly lines have been impacted. Although the 
manufacturing of ammunition fors military applications is of prime importance, disruptions in the supply chain 
have set back their manufacturing for the time being. Resuming the manufacturing and demand for ammunition 
depends on the level of COVID-19 exposure a country is facing, the level at which manufacturing operations are 
running, and import-export regulations, among other factors. Although companies may still be taking in orders, 
delivery schedules might not be fixed.
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Various countries have decided to cut overall defense budgets. According to industry experts, defense 
departments are focusing more on sectors that are of high importance to national security, while budgets 
for research and non-critical sectors are likely to be temporarily cut. However, countries like the US, 
China, and other countries in Europe have increased their planned defense spending during this time, 
contrary to Latin America and Africa.
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According to an industry expert, the demand for ammunition is not expected to be affected to a great 
extent since ammunition is a key component of the frontline infantry. However, according to the 
International Monetary Fund, global GDP is expected to drop by approximately 3.0% in 2020. This would 
adversely impact the revenue generated from taxes. When taxes drop, governments are placed under 
tremendous pressure; the effect of which will be seen in the subsequent years. Since all initial budgets by 
countries were announced, voted, and passed in 2020 before the pandemic, none of the current budgets 
consider the economic impact of COVID-19. It is estimated that budget cuts and the real impact would 
reflect only once draft budgets for 2021 are released.
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Ammunition Market Dynamics
Driver: Modernization programs undertaken by military forces in major economies
Rising incidences of armed intranational and international conflicts have driven several countries to enhance 
their military strengths through the procurement of advanced ammunition and equipment. Modernization is 
currently being undertaken across most emerging economies of the world, including Russia, China, Turkey, India, 
and Saudi Arabia. As a result of this, defense expenditure for ammunition procurement and R&D activities has 
increased significantly across the globe over the past few years. These countries are spending significantly on 
military modernization programs to enhance and upgrade their surveillance capabilities and improve their 
firepower assets in terms of range, precision, mobility, and lethality, with range and precision being the main 
criteria for ammunition procurements. These modernization activities are one of the most important drivers for 
small-caliber ammunition and firearms demand. Increasing training expenditure by major economies, as well as 
emerging economies, is also growing small ammunition consumption.
Opportunity: Reduction in weight of ammunition
One of the major challenges for the ammunition industry is the development of lightweight ammunition that 
does not compromise on combat performance and precision. Modernization programs adopted by several 
nations to empower their militaries and law enforcement agencies have resulted in a significant increase in the 
total weight of ammunition. The combined weight of equipment prevents personnel from being agile and 
effective. Hence, law enforcement and defense agencies are now focusing on acquiring lightweight ammunition.
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Increasing spending on the modernization of armed forces is driving the growth of the 
defense applications
The defense segment of the ammunition market has been classified into military and homeland 
security. The growth of the defense segment of the ammunition market can be attributed to the 
increased spending of countries
The North America market is projected to contribute the largest share from 2020 to 2025
The ammunition market in the North American region has been studied for the US and Canada. 
Major factors that are expected to drive the growth of the market in the region include rising 
instances of terrorism, which have led to increased use of ammunition by armed forces and a 
growing number of drug cartels in Central America
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The market for true wireless audio device/earbuds could grow at the highest CAGR during the forecast 
period
The true wireless hearables or earbuds segment is expected to witness exponential growth during the forecast period 
owing to the high demand for true wireless hearables among the consumer segment. The major player in the market, 
Apple (US), has a major market share in the true wireless hearables category. The other prominent players offering true 
wireless hearables are Samsung (South Korea), Bose Corporation (US), Sony Corporation (Japan), GN Group (Denmark), 
etc. The gradual shift from wired audio devices to wireless audio devices has resulted in major demand for earbuds. 
Moreover, the significant penetration of smartphones has also facilitated the growth of true wireless hearables.
 
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The market for Bluetooth technology is estimated to account for the largest share during the forecast 
period in the wireless audio device market
The Bluetooth segment of the wireless audio device market is projected to grow at the highest CAGR during the 
forecast period. Audio streaming in wireless audio devices used in consumer electronics is carried out using Bluetooth 
technology. The growth of this segment can be attributed to the initiatives undertaken by manufacturers to increase the 
throughput of wireless audio devices equipped with Bluetooth technology that is used in consumer electronics.
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About 360Quadrants
360Quadrants is the largest marketplace looking to disrupt US $3.7 trillion of technology spend and
is the only rating platform for vendors in the technology space. The platform provides users access
to unbiased information that helps them make qualified business decisions. 360Quadrants enables
vendors to influence the business decisions of potential clients. Vendors get to win ideal new
customers, customize their quadrants, decide key parameters, and position themselves strategically
in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their brand and
increase their thought leadership. The platform targets the building of a social network that links
industry experts with companies worldwide. The platform has around 400 total buyers across
various markets.
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Contact:
Mr. Agney Sugla
[email protected]
630 Dundee Road, Suite 430
Northbrook, IL 60062
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