Weapons And Ammunition Market
Weapons and Ammunition Market Forecasts to 2032 - Global Analysis By Weapon Type (Firearms, Edged Weapons, Non-Lethal Weapons, Explosives and Other Weapon Types), Ammunition Type, Distribution Channel, Application, End User and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $69.3 BN |
|
Projected Year Value (2032) |
US $122.7 BN |
|
CAGR (2025-2032) |
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 |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Weapons and Ammunition Market is accounted for $69.3 billion in 2025 and is expected to reach $122.7 billion by 2032 growing at a CAGR of 8.5% during the forecast period. Weapons are tools or devices designed to inflict harm, damage, or incapacitate targets, encompassing firearms, knives, explosives, and more. Ammunition refers to the materials used in weapons to deliver force or damage, including bullets, shells, gunpowder, and missiles. Together, weapons and ammunition serve military, law enforcement, and personal defense purposes, playing critical roles in combat and security operations. Their regulation is vital to ensure safety and control, minimizing misuse and preventing violence while balancing the need for defense and lawful use.
Market Dynamics:
Driver:
Rising defense budgets
Rising defense budgets globally are significantly impacting the market, driving increased demand for advanced military technologies and armaments. Governments are allocating more funds to modernize their armed forces, enhance national security, and respond to geopolitical tensions. This surge in defense spending fuels innovation, production, and procurement of sophisticated weapons systems and ammunition, boosting market growth and attracting investment from defense contractors and manufacturers worldwide.
Restraint:
Arms control treaties and international sanctions
Arms control treaties and international sanctions negatively impact the market by restricting the production, sale, and transfer of military equipment. These regulations limit market expansion, disrupt supply chains, and hinder technological advancements. Manufacturers face reduced access to global markets, affecting revenue and innovation. Additionally, sanctions can stall defense projects and weaken military capabilities, creating challenges for countries reliant on advanced weaponry for national security.
Opportunity:
Modernization of military capabilities
The modernization of military capabilities is reshaping the market, emphasizing advanced technologies and enhanced combat efficiency. Militaries worldwide are upgrading their arsenals with precision-guided munitions, smart weapons, and automated systems to address evolving threats. This shift drives innovation and investment in cutting-edge ammunition and weapon systems, ensuring armed forces maintain technological superiority and operational readiness in complex and rapidly changing security environments.
Threat:
Civilian disarmament initiatives
Civilian disarmament initiatives negatively impact the market by reducing demand for firearms and related products among civilian populations. These efforts, aimed at enhancing public safety and reducing gun violence, lead to decreased sales and manufacturing activity. As a result, companies face revenue losses and may scale back production or innovation. The market contraction affects employment and investment, challenging industry growth and technological advancement.
Covid-19 Impact:
The COVID-19 pandemic disrupted the market by causing supply chain interruptions, production delays, and reduced workforce availability. Lockdowns and restrictions hindered manufacturing and global trade, slowing defense procurement processes. However, the crisis also underscored the importance of national security, prompting some governments to maintain or increase defense spending, partially offsetting market setbacks and ensuring continued demand for advanced weapons and ammunition systems.
The armor-piercing rounds segment is expected to be the largest during the forecast period
The armor-piercing rounds segment is expected to account for the largest market share during the forecast period. These specialized munitions are vital for military operations, enabling forces to counter heavily armored vehicles and fortified positions. Technological advancements in materials and design improve their performance, driving innovation and demand. As defense strategies evolve, the market for armor-piercing rounds continues to expand, reflecting their importance in modern combat scenarios.
The defense and security segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the defense and security segment is predicted to witness the highest growth rate. Governments prioritize strengthening national defense capabilities to address emerging threats and maintain geopolitical stability. This focus accelerates investment in cutting-edge technologies, precision weapons, and specialized ammunition. As security challenges evolve, the market expands, fostering innovation and enhancing military readiness, ensuring armed forces are equipped to safeguard national interests effectively.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share driven by rising defense budgets and geopolitical tensions. Countries like China, India, and Japan are investing in modernizing their military capabilities, boosting demand for advanced weapons and ammunition. The region's defense industry benefits from increased government spending, technological advancements, and domestic manufacturing, positioning Asia Pacific as a key player in the market.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by robust demand from military, law enforcement, and civilian consumers. The United States, in particular, dominates this market, fueled by a strong culture of firearm ownership, stringent defense budgets, and ongoing modernization of military equipment. Canada and Mexico also contribute, though on a smaller scale. The market encompasses small arms, tactical weapons, ammunition, and accessories, with technological advancements enhancing precision, safety, and performance. Civilian demand remains high due to recreational shooting, hunting, and personal defense needs.
Key players in the market
Some of the key players in Weapons and Ammunition Market include Lockheed Martin, Sturm, Ruger & Co., Northrop Grumman Corporation, BAE Systems, General Dynamics, Thales Group, Rheinmetall AG, L3Harris Technologies, Leonardo S.p.A., Smith & Wesson, Beretta Holding, Heckler & Koch, Springfield Armory, Remington Arms and Raytheon Technologies.
Key Developments:
In March 2025, Lockheed Martin has unveiled a new unnamed weapon in a short video, describing it as modular, lethal and affordable. The dimensions of the weapon are difficult to judge, as Lockheed Martin put the weapon on a dark background without objects which could be used as a reference for the dimensions.
In January 2024, BAE Systems received the initial contract for M109A7 production in 2017 with the most recent order bringing the total contract value to US$2.5 billion. BAE Systems has received an order to produce as many as 40 M109A7 self-propelled howitzers and M992A3 ammunition carriers under a new contract from the US Army. The contract was worth US$418 million and has extended the period of performance with vehicle deliveries through 2025.
Weapon Types Covered:
• Firearms
• Edged Weapons
• Non-Lethal Weapons
• Explosives
• Other Weapon Types
Ammunition Types Covered:
• Conventional Rounds
• Armor-Piercing Rounds
• Tracer Rounds
• Incendiary Rounds
• Non-lethal Ammunition
• Other Ammunition Types
Distribution Channels Covered:
• Direct Sales
• Retail Outlets
• Online Sales Platforms
Applications Covered:
• Armored Units
• Naval Forces
• Regular Police Forces
• Corrections Officers
• Recreational Shooting
• Other Applications
End Users Covered:
• Defense and Security
• Hunting and Sporting
• Law Enforcement
• Personal Protection
• Training and Simulation
• 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 2024, 2025, 2026, 2028, and 2032
- 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
o 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 Weapons and Ammunition Market, By Weapon Type
5.1 Introduction
5.2 Firearms
5.2.1 Handguns
5.2.2 Rifles
5.2.3 Shotguns
5.2.4 Submachine Guns
5.3 Edged Weapons
5.3.1 Knives
5.3.2 Swords
5.3.3 Bayonets
5.4 Non-Lethal Weapons
5.4.1 Tasers
5.4.2 Pepper Spray
5.4.3 Rubber Bullets
5.5 Explosives
5.5.1 Grenades
5.5.2 Bombs
5.5.3 Mines
5.6 Other Weapon Types
6 Global Weapons and Ammunition Market, By Ammunition Type
6.1 Introduction
6.2 Conventional Rounds
6.3 Armor-Piercing Rounds
6.4 Tracer Rounds
6.5 Incendiary Rounds
6.6 Non-lethal Ammunition
6.7 Other Ammunition Types
7 Global Weapons and Ammunition Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sales
7.3 Retail Outlets
7.4 Online Sales Platforms
8 Global Weapons and Ammunition Market, By Application
8.1 Introduction
8.2 Armored Units
8.3 Naval Forces
8.4 Regular Police Forces
8.5 Corrections Officers
8.6 Recreational Shooting
8.7 Other Applications
9 Global Weapons and Ammunition Market, By End User
9.1 Introduction
9.2 Defense and Security
9.3 Hunting and Sporting
9.4 Law Enforcement
9.5 Personal Protection
9.6 Training and Simulation
9.7 Other End Users
10 Global Weapons and 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
10.3.6 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
10.4.6 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
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 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 Lockheed Martin
12.2 Sturm, Ruger & Co.
12.3 Northrop Grumman Corporation
12.4 BAE Systems
12.5 General Dynamics
12.6 Thales Group
12.7 Rheinmetall AG
12.8 L3Harris Technologies
12.9 Leonardo S.p.A.
12.10 Smith & Wesson
12.11 Beretta Holding
12.12 Heckler & Koch
12.13 Springfield Armory
12.14 Remington Arms
12.15 Raytheon Technologies
List of Tables
1 Global Weapons and Ammunition Market Outlook, By Region (2024-2032) ($MN)
2 Global Weapons and Ammunition Market Outlook, By Weapon Type (2024-2032) ($MN)
3 Global Weapons and Ammunition Market Outlook, By Firearms (2024-2032) ($MN)
4 Global Weapons and Ammunition Market Outlook, By Handguns (2024-2032) ($MN)
5 Global Weapons and Ammunition Market Outlook, By Rifles (2024-2032) ($MN)
6 Global Weapons and Ammunition Market Outlook, By Shotguns (2024-2032) ($MN)
7 Global Weapons and Ammunition Market Outlook, By Submachine Guns (2024-2032) ($MN)
8 Global Weapons and Ammunition Market Outlook, By Edged Weapons (2024-2032) ($MN)
9 Global Weapons and Ammunition Market Outlook, By Knives (2024-2032) ($MN)
10 Global Weapons and Ammunition Market Outlook, By Swords (2024-2032) ($MN)
11 Global Weapons and Ammunition Market Outlook, By Bayonets (2024-2032) ($MN)
12 Global Weapons and Ammunition Market Outlook, By Non-Lethal Weapons (2024-2032) ($MN)
13 Global Weapons and Ammunition Market Outlook, By Tasers (2024-2032) ($MN)
14 Global Weapons and Ammunition Market Outlook, By Pepper Spray (2024-2032) ($MN)
15 Global Weapons and Ammunition Market Outlook, By Rubber Bullets (2024-2032) ($MN)
16 Global Weapons and Ammunition Market Outlook, By Explosives (2024-2032) ($MN)
17 Global Weapons and Ammunition Market Outlook, By Grenades (2024-2032) ($MN)
18 Global Weapons and Ammunition Market Outlook, By Bombs (2024-2032) ($MN)
19 Global Weapons and Ammunition Market Outlook, By Mines (2024-2032) ($MN)
20 Global Weapons and Ammunition Market Outlook, By Other Weapon Types (2024-2032) ($MN)
21 Global Weapons and Ammunition Market Outlook, By Ammunition Type (2024-2032) ($MN)
22 Global Weapons and Ammunition Market Outlook, By Conventional Rounds (2024-2032) ($MN)
23 Global Weapons and Ammunition Market Outlook, By Armor-Piercing Rounds (2024-2032) ($MN)
24 Global Weapons and Ammunition Market Outlook, By Tracer Rounds (2024-2032) ($MN)
25 Global Weapons and Ammunition Market Outlook, By Incendiary Rounds (2024-2032) ($MN)
26 Global Weapons and Ammunition Market Outlook, By Non-lethal Ammunition (2024-2032) ($MN)
27 Global Weapons and Ammunition Market Outlook, By Other Ammunition Types (2024-2032) ($MN)
28 Global Weapons and Ammunition Market Outlook, By Distribution Channel (2024-2032) ($MN)
29 Global Weapons and Ammunition Market Outlook, By Direct Sales (2024-2032) ($MN)
30 Global Weapons and Ammunition Market Outlook, By Retail Outlets (2024-2032) ($MN)
31 Global Weapons and Ammunition Market Outlook, By Online Sales Platforms (2024-2032) ($MN)
32 Global Weapons and Ammunition Market Outlook, By Application (2024-2032) ($MN)
33 Global Weapons and Ammunition Market Outlook, By Armored Units (2024-2032) ($MN)
34 Global Weapons and Ammunition Market Outlook, By Naval Forces (2024-2032) ($MN)
35 Global Weapons and Ammunition Market Outlook, By Regular Police Forces (2024-2032) ($MN)
36 Global Weapons and Ammunition Market Outlook, By Corrections Officers (2024-2032) ($MN)
37 Global Weapons and Ammunition Market Outlook, By Recreational Shooting (2024-2032) ($MN)
38 Global Weapons and Ammunition Market Outlook, By Other Applications (2024-2032) ($MN)
39 Global Weapons and Ammunition Market Outlook, By End User (2024-2032) ($MN)
40 Global Weapons and Ammunition Market Outlook, By Defense and Security (2024-2032) ($MN)
41 Global Weapons and Ammunition Market Outlook, By Hunting and Sporting (2024-2032) ($MN)
42 Global Weapons and Ammunition Market Outlook, By Law Enforcement (2024-2032) ($MN)
43 Global Weapons and Ammunition Market Outlook, By Personal Protection (2024-2032) ($MN)
44 Global Weapons and Ammunition Market Outlook, By Training and Simulation (2024-2032) ($MN)
45 Global Weapons and Ammunition Market Outlook, By Other End Users (2024-2032) ($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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