DescriptionAsia Pacific contributes one thirds of the total market valuation of the sector. Ammunition market witnessed sharp increase in growth rate in past two years as the terrorism has rapidly spread towards Asia Pacific and Europe adding to its presence in Middle East, Africa and Latin America which were always prone to violence and terrorist attacks. This can be attributed to the expansion of ISIS which replaced Al-Qaeda as the supreme terrorist organization.
Geopolitical disputes among the major economies and rising concerns regarding terrorist threats will be the primary factors driving the growth of ammunition market.
Governments need to procure ammunition for their law enforcement agencies to keep a check over the rising crime rate. Law enforcement agencies and public safety services encounter hostile situation where they are forced to use fire arms
This is one of the reason for the growth of the ammunition market. Ammunition are also used for activities such as sports and hunting. Unanticipated reforms in regulations restricting trade of arms and related equipment will challenge the global ammunition market share. Rising environmental concerns regarding the usage of lead bullets that are deployed in recreational activities such as hunting and sports may pose a considerable growth threat.
Ammunition market is segmented into
- On the basis of Product Segment – Bullets, Rockets, Mortars. Bullets were the largest product segment in Asia Pacific region accounting for more than 50% of the Asia Pacific market in 2015.
- On the basis of Calibre – Small Calibre, Medium Calibre, Large Calibre, Artillery, Mortar.
- On the basis of Application – Defence and Civil. Civil segment includes self-defence, law enforcement and sports & hunting and is expected to have significant growth during the forecast period.
Asia Pacific region, especially India is expected to do a comprehensive modernization of its armed forces and that includes its much talked about F- INSAS Program, which will equip Indian soldiers with modern equipment, thus boost the global Small Caliber Ammunition market
Also India will be buying Artillery guns in the near future to make up for the old Bofors guns which have become obsolete. Already 144 Dhanush guns which are indigenous and reworked Bofors guns are on order, but since the Army needs a total of 2,820 artillery guns of various kinds to service its needs, India will be a major market in the years to come. Also Japan in addition to India and China has been spending record high amount on defense expenditure to counter growing Chinese Aggression and is undertaking massive modernization drive to become the most advanced military in the world.
- Asia-Pacific Ammunition Market segments
- Asia-Pacific Ammunition Market Drivers, Restraints and Opportunities
- Asia-Pacific Ammunition Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Asia-Pacific Ammunition Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Asia-Pacific Ammunition Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage