-- Rising use of guns for personal safety and shooting sports, military modernization programs being carried out in major countries across the globe. However, differences in economic, legal, and political regulations affect the procurement of ammunition are likely to hamper the profit boundaries.
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Ammunition is the material fired, scattered, dropped or detonated from any weapon. Ammunition is both expendable weapons (e.g., bombs, missiles, grenades, land mines) and the component parts of other weapons that create the effect on a target (e.g., bullets and warheads). Nearly all mechanical weapons require some form of ammunition to operate. Ammunition and munitions are often used interchangeably, although munition now usually refers to the actual weapons system with the ammunition required to operate it
Based on the caliber, the market has been segmented into small, medium, large, and others. Increasing demand for small arms from armed forces and law enforcement agencies of various countries is fueling the growth of this segment of the ammunition market.
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By geography, The Asia Pacific ammunition market is projected to grow at the highest CAGR. The growth of the ammunition market in this region can be attributed to the rising number of terrorist activities in the Asia Pacific region and increasing spending of emerging economies of the region on defense operations. Countries such as India and China have increased their defense budgets and are procuring advanced ammunition for their armed forces. This, in turn, is leading to the growth of the Asia Pacific ammunition market during the forecast period.
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Components Covered:
• Propellants
• Projectiles and Warheads
• Bases
• Fuzes & Primers
• Fuzes
• Other Components
Calibers Covered:
• Large Caliber Ammunition
• Medium Caliber Ammunition
• Small Caliber Ammunition
• Other Calibers
Applications Covered:
• Civil & Commercial
• Defence
Products Covered:
• Mortars
• Grenades
• Bullets
• Artillery Shells
• Aerial Bombs
• Other Products
Guidances Covered:
• Guided
• Non-Guided
Lethalities Covered:
• Less-Lethal
• Lethal
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
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
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- Strategic recommendations for the new entrants
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- Strategic recommendations in key business segments based on the market estimations
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