Large Caliber Ammunition Market
Large Caliber Ammunition Market Forecasts to 2030 - Global Analysis By Ammunition Type (Armor-Piercing (AP), High-Explosive Anti-Tank (HEAT), High-Explosive Squash Head (HESH), Smoke & Illumination Rounds, Guided & Precision Ammunition, Cluster & Fragmentation Munitions, Practice & Training Rounds, and Other Ammunition Types), Caliber Size, Guidance Mechanism, Application, End User and By Geography
|
Years Coveredc |
2022-2030 |
|
Estimated Year Value (2024) |
US $7.92 BN |
|
Projected Year Value (2030) |
US $11.85 BN |
|
CAGR (2024 - 2030) |
8.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Large Caliber Ammunition Market is accounted for $7.92 billion in 2024 and is expected to reach $11.85 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Large caliber ammunition refers to projectiles and cartridges with a diameter typically greater than 20mm, used in heavy weaponry such as artillery, tank guns, naval guns, and anti-aircraft systems. These munitions include high-explosive, armor-piercing, incendiary, and guided shells, designed for maximum impact against armored vehicles, fortifications, and personnel. Military and defense sectors primarily use them in combat and training scenarios for superior firepower and tactical advantage.
According to Grifford’s Law Center, buyers had to undergo background checks to get ammunition and firearm licenses in the states of New Jersey, Illinois, Connecticut, and Massachusetts.
Market Dynamics:
Driver:
Increasing defense expenditure
Rising geopolitical tensions drive nations to expand their arsenals, boosting demand for precision-guided and high-explosive rounds. Higher budgets allow for the development of next-generation artillery shells, tank rounds, and naval ammunition, enhancing firepower and combat effectiveness. Additionally, funding supports domestic manufacturing and technological innovations, reducing dependency on imports. As military modernization accelerates globally, sustained defense spending ensures a steady demand for large caliber ammunition.
Restraint:
Stringent regulatory policies
Large caliber ammunition faces stringent regulatory policies due to its destructive potential, security concerns, and environmental impact. Governments enforce strict export controls, arms trade agreements, and environmental restrictions to prevent misuse, proliferation, and ecological damage. Compliance with these regulations increases production costs, delays procurement, and limits international sales, hampering market growth.
Opportunity:
Growing demand for artillery and tank ammunition
Modern military strategies emphasize enhanced firepower, precision strikes, and long-range capabilities, requiring advanced high-caliber rounds. Geopolitical tensions and conflicts further fuel demand as nations strengthen their defense capabilities. Additionally, military modernization programs, including next-generation tank and artillery upgrades, necessitate new munitions with improved lethality and accuracy. The rise of smart and guided ammunition also contributes to market growth, as armed forces seek more effective and cost-efficient solutions.
Threat:
High production and maintenance costs
Large caliber ammunition incurs high production and maintenance costs due to expensive raw materials, such as specialized metals, explosives, and propellants. Advanced manufacturing processes, including precision engineering and testing, further drive-up costs. Additionally, storage and maintenance require specialized facilities to ensure safety and longevity, increasing operational expenses. Therefore, these high costs hamper market growth by limiting procurement.
Covid-19 Impact:
The covid-19 pandemic disrupted the large caliber ammunition market through supply chain interruptions, raw material shortages, and production delays. Lockdowns and restrictions affected manufacturing, while defense budgets in some regions were reallocated to healthcare. Post-pandemic recovery saw increased defense spending and modernization efforts, driving market growth. The crisis also accelerated technological advancements, with nations prioritizing domestic production to reduce dependence on foreign supply chains.
The riot control segment is expected to be the largest during the forecast period
The riot control segment is expected to account for the largest market share during the forecast period. Large caliber ammunition in riot control includes non-lethal and less-lethal rounds such as rubber bullets, tear gas canisters, and flashbang grenades. Designed to minimize fatalities while ensuring compliance, they are fired from specialized launchers or modified artillery systems.
The air force segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the air force segment is predicted to witness the highest growth rate. In air force applications, large caliber ammunition is primarily used in aircraft cannons, anti-aircraft defense systems, and ground attack missions. Additionally, anti-aircraft artillery employs large-caliber munitions to counter aerial threats. Advancements in guided and explosive rounds enhance accuracy and lethality, ensuring air superiority in modern combat scenarios.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to the rising defense budgets, military modernization, and geopolitical tensions, particularly in China, India, Japan, and South Korea. Nations in the region are upgrading their artillery, tanks, and naval forces, increasing demand for advanced munitions. Border disputes, especially between India-China and in the South China Sea, fuel procurement. Technological advancements, including precision-guided munitions, further boost market growth.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by high defense spending, military modernization, and ongoing research in advanced munitions. The U.S. Army and Marine Corps continually invest in next-generation artillery, tank rounds, and naval ammunition. Key manufacturers like General Dynamics and Northrop Grumman lead innovation in smart and precision-guided munitions. The demand is fueled by global military commitments, NATO obligations, and rising geopolitical tensions.
Key players in the market
Some of the key players in Large Caliber Ammunition market include BAE Systems, Northrop Grumman Corporation, General Dynamics Corporation, Rheinmetall AG, Thales Group, Nexter Group KNDS, Saab AB, Singapore Technologies Engineering Ltd., Kongsberg Gruppen ASA, American Ordnance LLC, IMBEL, EMGEPRON, Olin Corporation, Poongsan Corporation, RUAG Ammotec, Elbit Systems Ltd., Denel SOC Ltd., FN Herstal, CBC Global Ammunition and Nammo AS.
Key Developments:
In December 2024, General Dynamics Corporation announced that, the U.S. Army approved their M1147 120mm Advanced Multi-Purpose (AMP) round for full-rate production, marking a significant advancement for the M1 Abrams Main Battle Tank. This versatility enables Abrams tanks to adapt swiftly to diverse combat scenarios without the need to switch ammunition types.
In January 2024, Northrop Grumman announced the completion of production and delivery of the M829A4 120mm armor-piercing, fin-stabilized, discarding sabot (APFSDS) cartridges to the U.S. Army. Designed for the Abrams M1A2 SEPv3 main battle tank, the M829A4 enhances lethality against advanced armored threats.
Ammunition Types Covered:
• Armor-Piercing (AP)
• High-Explosive Anti-Tank (HEAT)
• High-Explosive Squash Head (HESH)
• Smoke & Illumination Rounds
• Guided & Precision Ammunition
• Cluster & Fragmentation Munitions
• Practice & Training Rounds
• Other Ammunition Types
Caliber Sizes Covered:
• Large Caliber (40mm – 100mm)
• Very Large Caliber (Above 100mm)
Guidance Mechanisms Covered:
• Conventional Ammunition
• Smart Ammunition
Applications Covered:
• Riot Control
• Anti-materiel Rounds
• Hunting & Sporting
• Fireworks & Pyrotechnics
• Artillery
• Other Applications
End Users Covered:
• Army
• Navy
• Air Force
• Special Forces
• Paramilitary & Law Enforcement
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Large Caliber Ammunition Market, By Ammunition Type
5.1 Introduction
5.2 Armor-Piercing (AP)
5.3 High-Explosive Anti-Tank (HEAT)
5.4 High-Explosive Squash Head (HESH)
5.5 Smoke & Illumination Rounds
5.6 Guided & Precision Ammunition
5.7 Cluster & Fragmentation Munitions
5.8 Practice & Training Rounds
5.9 Other Ammunition Types
6 Global Large Caliber Ammunition Market, By Caliber Size
6.1 Introduction
6.2 Large Caliber (40mm – 100mm)
6.3 Very Large Caliber (Above 100mm)
7 Global Large Caliber Ammunition Market, By Guidance Mechanism
7.1 Introduction
7.2 Conventional Ammunition
7.3 Smart Ammunition
8 Global Large Caliber Ammunition Market, By Application
8.1 Introduction
8.2 Riot Control
8.3 Anti-materiel Rounds
8.4 Hunting & Sporting
8.5 Fireworks & Pyrotechnics
8.6 Artillery
8.7 Other Applications
9 Global Large Caliber Ammunition Market, By End User
9.1 Introduction
9.2 Army
9.3 Navy
9.4 Air Force
9.5 Special Forces
9.6 Paramilitary & Law Enforcement
9.7 Other End Users
10 Global Large Caliber Ammunition Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.10 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.10 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.1 Middle East & Africa
10.10.1 Saudi Arabia
10.10.2 UAE
10.10.3 Qatar
10.10.4 South Africa
10.10.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BAE Systems
12.2 Northrop Grumman Corporation
12.3 General Dynamics Corporation
12.4 Rheinmetall AG
12.5 Thales Group
12.6 Nexter Group KNDS
12.7 Saab AB
12.8 Singapore Technologies Engineering Ltd.
12.9 Kongsberg Gruppen ASA
12.10 American Ordnance LLC
12.11 IMBEL
12.12 EMGEPRON
12.13 Olin Corporation
12.14 Poongsan Corporation
12.15 RUAG Ammotec
12.16 Elbit Systems Ltd.
12.17 Denel SOC Ltd.
12.18 FN Herstal
12.19 CBC Global Ammunition
12.20 Nammo AS
List of Tables
1 Global Large Caliber Ammunition Market Outlook, By Region (2022-2030) ($MN)
2 Global Large Caliber Ammunition Market Outlook, By Ammunition Type (2022-2030) ($MN)
3 Global Large Caliber Ammunition Market Outlook, By Armor-Piercing (AP) (2022-2030) ($MN)
4 Global Large Caliber Ammunition Market Outlook, By High-Explosive Anti-Tank (HEAT) (2022-2030) ($MN)
5 Global Large Caliber Ammunition Market Outlook, By High-Explosive Squash Head (HESH) (2022-2030) ($MN)
6 Global Large Caliber Ammunition Market Outlook, By Smoke & Illumination Rounds (2022-2030) ($MN)
7 Global Large Caliber Ammunition Market Outlook, By Guided & Precision Ammunition (2022-2030) ($MN)
8 Global Large Caliber Ammunition Market Outlook, By Cluster & Fragmentation Munitions (2022-2030) ($MN)
9 Global Large Caliber Ammunition Market Outlook, By Practice & Training Rounds (2022-2030) ($MN)
10 Global Large Caliber Ammunition Market Outlook, By Other Ammunition Types (2022-2030) ($MN)
11 Global Large Caliber Ammunition Market Outlook, By Caliber Size (2022-2030) ($MN)
12 Global Large Caliber Ammunition Market Outlook, By Large Caliber (40mm – 100mm) (2022-2030) ($MN)
13 Global Large Caliber Ammunition Market Outlook, By Very Large Caliber (Above 100mm) (2022-2030) ($MN)
14 Global Large Caliber Ammunition Market Outlook, By Guidance Mechanism (2022-2030) ($MN)
15 Global Large Caliber Ammunition Market Outlook, By Conventional Ammunition (2022-2030) ($MN)
16 Global Large Caliber Ammunition Market Outlook, By Smart Ammunition (2022-2030) ($MN)
17 Global Large Caliber Ammunition Market Outlook, By Application (2022-2030) ($MN)
18 Global Large Caliber Ammunition Market Outlook, By Riot Control (2022-2030) ($MN)
19 Global Large Caliber Ammunition Market Outlook, By Anti-materiel Rounds (2022-2030) ($MN)
20 Global Large Caliber Ammunition Market Outlook, By Hunting & Sporting (2022-2030) ($MN)
21 Global Large Caliber Ammunition Market Outlook, By Fireworks & Pyrotechnics (2022-2030) ($MN)
22 Global Large Caliber Ammunition Market Outlook, By Artillery (2022-2030) ($MN)
23 Global Large Caliber Ammunition Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Large Caliber Ammunition Market Outlook, By End User (2022-2030) ($MN)
25 Global Large Caliber Ammunition Market Outlook, By Army (2022-2030) ($MN)
26 Global Large Caliber Ammunition Market Outlook, By Navy (2022-2030) ($MN)
27 Global Large Caliber Ammunition Market Outlook, By Air Force (2022-2030) ($MN)
28 Global Large Caliber Ammunition Market Outlook, By Special Forces (2022-2030) ($MN)
29 Global Large Caliber Ammunition Market Outlook, By Paramilitary & Law Enforcement (2022-2030) ($MN)
30 Global Large Caliber Ammunition Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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