Asia Pacific Pyrotechnic Munitions Market Forecast to 2028

Report Code : BMIRE00025882 | Region : Asia Pacific | Industry : Aerospace and Defense | Published Date : 14/Sep/2022
Asia Pacific Pyrotechnic Munitions Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Signaling and Illumination, Crowd Control, and Training), Application (Land Forces, Naval Forces, and Air Forces), and End User (Military and Law Enforcement Agencies)

The pyrotechnic munitions market in Asia Pacific is expected to grow from US$ 808.27 million in 2022 to US$ 1,283.39 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

The rising fleet of naval and aircraft carrier vessels operates continuously across the borders of Asia Pacific countries. Every aircraft carrier ship includes either 254 units of MK7 life rafts or 127 units of MK8 life rafts, while each lifeboat comprises six hand flares, four units of rocket parachute flares, and two units of buoyant smoke signals. Hence, the rising adoption of lifeboats in naval ships or vessels is likely to boost the adoption of pyrotechnic munitions across the naval forces. It is also driven by the rising military expenditure across the region. Both countries are increasingly strengthening their respective naval fleet to secure their borders from naval threats. However, China currently has only two aircraft carriers that use life rafts in large quantities. Further, China is investing in procuring new naval vessels that will procure more pyrotechnic munitions through the deployment of life rafts in those vessels. For instance, in 2022, the Indian Navy awarded a contract worth US$ 114 million to L&T Limited for the manufacturing and development of multi-purpose vessels under the ‘Buy Indian’ category. Due to the increased focus on the naval fleet, the adoption of frigates, corvettes, and aircraft carriers is growing, boosting the requirement for various types of pyrotechnic products for naval applications. Such instances are likely to boost the demand for pyrotechnic munitions during the forecast period and are expected to generate huge opportunities for market vendors during the forecast period.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific pyrotechnic munitions market at a substantial CAGR during the forecast period.

Asia Pacific Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Pyrotechnic Munitions Market Segmentation

The Asia Pacific pyrotechnic munitions market is segmented into type, application, end user, and country. Based on type, the market is segmented into signaling and illumination, crowd control, and training. In 2022, the signaling and illumination segment held the largest share of the market. Further, the training segment is expected to register the highest CAGR during the forecast period. Based on application, the Asia Pacific pyrotechnic munitions market is segmented into land forces, naval forces, and air forces. The land forces segment held the largest market share in 2022, and it is also expected to register the highest CAGR in the market during the forecast period. Based on end user, the market is bifurcated into military and law enforcement agencies. In 2022, the military segment held a larger market share, and it is also expected to register a higher CAGR during the forecast period. Based on country, the Asia Pacific pyrotechnic munitions market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. In 2022, China held the largest market share. However, India is expected to register the highest CAGR during the forecast period.

LACROIX, WESCOM GROUP, Chemring Group PLC, ARSENAL, and Rheinmetall AG are among the leading companies operating in the Asia Pacific pyrotechnic munitions market.

The List of Companies - Asia Pacific Pyrotechnic Munitions Market

● LACROIX                                                     

● Primetake Ltd                                            

● WESCOM GROUP                                      

● Chemring Group PLC            

● ARSENAL

● Rheinmetall AG

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Asia Pacific Pyrotechnic Munitions Market Landscape

4.1 Market Overview

4.2 Porter’s Five Force Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat of New Entrants

4.2.4 Threat to Substitutes

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Asia Pacific Pyrotechnic Munitions Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Fostering Demand for Pyrotechnic Markers Across Defense Forces

5.1.2 Collaboration of Companies with Defense Forces for Live Training Simulation

5.2 Market Restraints

5.2.1 Certification Challenges and Counterfeit Product

5.3 Market Opportunities

5.3.1 Heighten Fleet of Naval Vessels and Aircraft Carriers

5.4 Future Trends

5.4.1 Arrival of Electric Pyrotechnics

5.5 Impact Analysis of Drivers and Restraints

6. Asia Pacific Pyrotechnic Munitions Market Analysis

6.1 Asia Pacific Pyrotechnic Munitions Market Overview

6.2 Asia Pacific Pyrotechnic Munitions Market Forecast and Analysis

7. Asia Pacific Pyrotechnic Munitions Market Analysis – by Product Type

7.1 Overview

7.2 Asia Pacific Pyrotechnic Munitions Market, By Product Type

7.3 Signalling and Illumination

7.3.1 Overview

7.3.2 Signalling and Illumination: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

7.4 Crowd Control

7.4.1 Overview

7.4.2 Crowd Control: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

7.5 Training

7.5.1 Overview

7.5.2 Training: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Pyrotechnic Munitions Market Analysis – by Application

8.1 Overview

8.2 Asia Pacific Pyrotechnic Munitions Market, By Application

8.3 Land Forces

8.3.1 Overview

8.3.2 Land Forces: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

8.4 Naval Forces

8.4.1 Overview

8.4.2 Naval Forces: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

8.5 Air Forces

8.5.1 Overview

8.5.2 Air Forces: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Pyrotechnic Munitions Market Analysis – by End User

9.1 Overview

9.2 Asia Pacific Pyrotechnic Munitions Market, By End Use

9.3 Military

9.3.1 Overview

9.3.2 Military: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

9.4 Law Enforcement Agencies

9.4.1 Overview

9.4.2 Law Enforcement Agencies: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Pyrotechnic Munitions Market – Country Analysis

10.1 Overview

10.1.1 Asia Pacific Pyrotechnic Munitions Market, by Key Country

10.1.1.1 Australia: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Pyrotechnic Munitions Market, By Product Type

10.1.1.1.2 Australia: Pyrotechnic Munitions Market, By Application

10.1.1.1.3 Australia: Pyrotechnic Munitions Market, By End Use

10.1.1.2 China: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Pyrotechnic Munitions Market, By Product Type

10.1.1.2.2 China: Pyrotechnic Munitions Market, By Application

10.1.1.2.3 China: Pyrotechnic Munitions Market, By End Use

10.1.1.3 India: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Pyrotechnic Munitions Market, By Product Type

10.1.1.3.2 India: Pyrotechnic Munitions Market, By Application

10.1.1.3.3 India: Pyrotechnic Munitions Market, By End Use

10.1.1.4 Japan: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Pyrotechnic Munitions Market, By Product Type

10.1.1.4.2 Japan: Pyrotechnic Munitions Market, By Application

10.1.1.4.3 Japan: Pyrotechnic Munitions Market, By End Use

10.1.1.5 South Korea: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Pyrotechnic Munitions Market, By Product Type

10.1.1.5.2 South Korea: Pyrotechnic Munitions Market, By Application

10.1.1.5.3 South Korea: Pyrotechnic Munitions Market, By End Use

10.1.1.6 Rest of APAC: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Pyrotechnic Munitions Market, By Product Type

10.1.1.6.2 Rest of APAC: Pyrotechnic Munitions Market, By Application

10.1.1.6.3 Rest of APAC: Pyrotechnic Munitions Market, By End Use

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

12. Company Profiles

12.1 ARSENAL

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 LACROIX

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Rheinmetall AG

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 WESCOM GROUP

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Chemring Group PLC

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             Asia Pacific Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             Asia Pacific Pyrotechnic Munitions Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: Pyrotechnic Munitions Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Australia: Pyrotechnic Munitions Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Australia: Pyrotechnic Munitions Market, By End Use – Revenue and Forecast to 2028 (US$ Million)

Table 6.             China: Pyrotechnic Munitions Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             China: Pyrotechnic Munitions Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             China: Pyrotechnic Munitions Market, By End Use – Revenue and Forecast to 2028 (US$ Million)

Table 9.             India: Pyrotechnic Munitions Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          India: Pyrotechnic Munitions Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 11.          India: Pyrotechnic Munitions Market, By End Use – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Japan: Pyrotechnic Munitions Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Japan: Pyrotechnic Munitions Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Japan: Pyrotechnic Munitions Market, By End Use – Revenue and Forecast to 2028 (US$ Million)

Table 15.          South Korea: Pyrotechnic Munitions Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          South Korea: Pyrotechnic Munitions Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 17.          South Korea: Pyrotechnic Munitions Market, By End Use – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of APAC: Pyrotechnic Munitions Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of APAC: Pyrotechnic Munitions Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of APAC: Pyrotechnic Munitions Market, By End Use – Revenue and Forecast to 2028 (US$ Million)

Table 21.          List of Abbreviation

The List of Companies - Asia Pacific Pyrotechnic Munitions Market

● LACROIX                                                     

● Primetake Ltd                                            

● WESCOM GROUP                                      

● Chemring Group PLC            

● ARSENAL

● Rheinmetall AG

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific pyrotechnic munitions market.

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● The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific pyrotechnic munitions market, thereby allowing players across the value chain to develop effective long-term strategies

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● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the pyrotechnic munitions market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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