Europe Pyrotechnic Munitions Market Forecast to 2028

Europe 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)

Report Code : BMIRE00025887 | Region : Europe | Industry : Aerospace and Defense | Published Date : 14/Sep/2022

The pyrotechnic munitions market in Europe is expected to grow from US$ 1,065.27 million in 2022 to US$ 1,363.32 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2022 to 2028.

The military forces train their personnel to keep their troops prepared and trained for missions at all times. Military training engages various types of military operations involving a lot of pyrotechnic munitions to create a live simulation environment. Further, the pyrotechnic munition companies collaborate with military forces to supply an adequate volume of pyrotechnic munitions for the military’s live simulation training exercises. This has increased the adoption of live pyrotechnic munitions, such as illumination signal rounds, markers, and smoke grenades. Furthermore, the military exercises that are organized during the nighttime involve many pyrotechnic illumination and signaling rounds, which is supporting the adoption of pyrotechnic munition for live training simulation. Thus, the increase in the usage of pyrotechnics for military training is catalyzing the growth of the pyrotechnic munition market.

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

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

Europe Pyrotechnic Munitions Market Segmentation

The Europe 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 Europe 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 Europe pyrotechnic munitions market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. In 2022, Russia held the largest market share. However, the UK is expected to register the highest CAGR during the forecast period.

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

At 4.2% CAGR, the Europe Pyrotechnic Munitions Market is speculated to be worth US$ 1363.32 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe pyrotechnic munitions market was valued at US$ 1,065.27 million in 2022 and is expected to reach US$ 1,363.32 million by 2028, registering an annual growth rate of 4.2% from 2022 to 2028. Raising demand for pyrotechnic markers across defense forces and collaboration of companies with defense forces for live training simulation.

The military forces use pyrotechnic munitions for a variety of operations. Defense forces, including ground, naval, and air forces across different countries significant volume of pyrotechnic munitions for various applications, including illumination, signaling, simulation of battle noises, and effects. Moreover, military exercises also involve many pyrotechnic munitions to provide a real experience to the military personnel during training. In addition, increasing border patrolling operations, military cargo operations, search operations, and other ISR operations involving aircraft or helicopter movements to carry out the mission. Military forces, especially ground forces, use pyrotechnics markers to signal the helicopters to land in complex terrains, which are nearly invisible to helicopter pilots. Moreover, the naval forces use many pyrotechnic markers for their respective operations, such as helicopter landing, search and rescue operations, or during training programs. Naval forces award multi-year contracts to the pyrotechnic marker/munition suppliers to deliver a substantial volume of pyrotechnic munitions/markers. The main purpose of procuring this product is for search and rescue operations by the naval and air force. Such instances are aiding the growth of pyrotechnic markers across different military forces, further augmenting the growth of the pyrotechnic munitions market.

On the contrary, certification and qualification challenges for market vendors.

Based on type, the Europe pyrotechnic munitions market is segmented into signaling and illumination, crowd control, and training. The signaling and illumination segment held 54.3% market share in 2022, amassing US$ 578.36 million. It is projected to garner US$ 730.36 million by 2028 to expand at 4.0% CAGR during 2022–2028.

Based on application, the Europe pyrotechnic munitions market is segmented into land forces, naval forces, and air forces. The land forces segment held 56.5% market share in 2022, amassing US$ 602.06 million. It is projected to garner US$ 792.95 million by 2028 to expand at 4.7% CAGR during 2022–2028.

Based on end user, the Europe pyrotechnic munitions market is categorized into military and law enforcement agencies. The military segment held 81.9% market share in 2022, amassing US$ 872.37 million. It is projected to garner US$ 1,140.49 million by 2028 to expand at 4.6% CAGR during 2022–2028.

Based on country, the Europe pyrotechnic munitions market has been segmented into France, Germany, Italy, the UK, Russia, and Rest of Europe. Our regional analysis states that Russia captured 30.9% market share in 2022. It was assessed at US$ 328.72 million in 2022 and is likely to hit US$ 394.00 million by 2028, exhibiting a CAGR of 3.1% during the forecast period.

Key players dominating the Europe pyrotechnic munitions market are LACROIX; Primetake Ltd; WESCOM GROUP; Chemring Group PLC; ARSENAL; and Rheinmetall AG among others.

In February 2021, PW Defence was acquired by Wescom Defence; this acquisition increased the company's defense product portfolio and international sales network. Additionally, the company now has new manufacturing and testing facilities of pyrotechnic munition; the range of the pyrotechnic product portfolio now boasts more than 200 products, and the company produces over 3 million pyrotechnic products per year. In September 2018, Chemring Group PLC Received contract from UK Ministry of Defence to supply of countermeasures product worth US$14.25 million.

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. Europe 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. Europe Pyrotechnic Munitions Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Raising 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 Future Trends

5.3.1 Introduction of Electric Pyrotechnics

5.4 Impact Analysis of Drivers and Restraints

6. Europe Pyrotechnic Munitions Market Analysis

6.1 Europe Pyrotechnic Munitions Market Overview

6.2 Europe Pyrotechnic Munitions Market Forecast and Analysis

7. Europe Pyrotechnic Munitions Market Analysis – by Product Type

7.1 Overview

7.2 Europe 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. Europe Pyrotechnic Munitions Market Analysis – by Application

8.1 Overview

8.2 Europe 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. Europe Pyrotechnic Munitions Market Analysis – by End User

9.1 Overview

9.2 Europe 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. Europe Pyrotechnic Munitions Market – Country Analysis

10.1 Overview

10.1.1 Europe: Pyrotechnic Munitions Market, by Key Country

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

10.1.1.1.1 Germany: Pyrotechnic Munitions Market, By Product Type

10.1.1.1.2 Germany: Pyrotechnic Munitions Market, By Application

10.1.1.1.3 Germany: Pyrotechnic Munitions Market, By End Use

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

10.1.1.2.1 France: Pyrotechnic Munitions Market, By Product Type

10.1.1.2.2 France: Pyrotechnic Munitions Market, By Application

10.1.1.2.3 France: Pyrotechnic Munitions Market, By End Use

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

10.1.1.3.1 Italy: Pyrotechnic Munitions Market, By Product Type

10.1.1.3.2 Italy: Pyrotechnic Munitions Market, By Application

10.1.1.3.3 Italy: Pyrotechnic Munitions Market, By End Use

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

10.1.1.4.1 UK: Pyrotechnic Munitions Market, By Product Type

10.1.1.4.2 UK: Pyrotechnic Munitions Market, By Application

10.1.1.4.3 UK: Pyrotechnic Munitions Market, By End Use

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

10.1.1.5.1 Russia: Pyrotechnic Munitions Market, By Product Type

10.1.1.5.2 Russia: Pyrotechnic Munitions Market, By Application

10.1.1.5.3 Russia: Pyrotechnic Munitions Market, By End Use

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

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

10.1.1.6.2 Rest of Europe: Pyrotechnic Munitions Market, By Application

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

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Development

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 Primetake Ltd

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 Rheinmetall AG

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 WESCOM GROUP

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

12.6 Chemring Group PLC

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 21.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           Europe Pyrotechnic Munitions Market Segmentation

Figure 2.           Europe Pyrotechnic Munitions Market Segmentation – By Country

Figure 3.           Europe Pyrotechnic Munitions Market Overview

Figure 4.           Signaling and Illumination Segment held the Largest Share of Pyrotechnic Munitions Market

Figure 5.           The UK held the Largest Share of Europe Pyrotechnic Munitions Market

Figure 6.           Europe Pyrotechnic Munitions Market– Porter’s Five Forces Analysis

Figure 7.           Europe Pyrotechnic Munitions Market– Ecosystem Analysis

Figure 8.           Expert Opinion

Figure 9.           Europe Pyrotechnic Munition Market: Impact Analysis of Drivers and Restraints

Figure 10.        Europe Pyrotechnic Munitions Market Forecast and Analysis (US$ Million)

Figure 11.        Europe Pyrotechnic Munitions Market Revenue Share, By Product Type (2021 & 2028)

Figure 12.        Signaling and Illumination: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Crowd Control: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Training: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Europe Pyrotechnic Munitions Market Revenue Share, By Application (2021 & 2028)

Figure 16.        Land Forces: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Naval Forces: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Air Forces: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Europe Pyrotechnic Munitions Market Revenue Share, By End Use (2021 & 2028)

Figure 20.        Military: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Law Enforcement Agencies: Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Europe Pyrotechnic Munitions Market – Geographic Analysis

Figure 23.        Europe: Pyrotechnic Munitions Market Revenue Share, by Key Country (2021 & 2028)

Figure 24.        Germany: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        France: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Italy: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        UK: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Russia: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.          Rest of Europe: Pyrotechnic Munitions Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Europe Pyrotechnic Munitions Market

● LACROIX                                                     

● Primetake Ltd                                            

● WESCOM GROUP                                      

● Chemring Group PLC            

● ARSENAL

● Rheinmetall AG

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

● Highlights key business priorities in order to assist companies to realign their business strategies

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

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Europe 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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