North America Pyrotechnic Munitions Market Forecast to 2028 – COVID

North America 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 : BMIRE00025954 | Region : North America | Industry : Aerospace and Defense | Published Date : 16/Sep/2022

The pyrotechnic munitions market in North America is expected to grow from US$ 1,208.70 million in 2022 to US$ 1,676.74 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

The military forces use pyrotechnic munitions for a variety of operations. Defense forces, including ground, naval, and air forces, across different countries have a significant volume of pyrotechnic munitions for various applications, such as illumination, signaling, simulation of battle noises, and effects. 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 are a few of the other factors propelling the pyrotechnic munitions market growth. Further, military forces, especially ground forces, use pyrotechnics markers to signal the helicopters to land in complex terrains, which are nearly invisible to helicopter pilots. The naval forces use many pyrotechnic markers for their respective operations, such as helicopter landing, search and rescue operations, or during training programs. Military exercises involve many pyrotechnic munitions to provide a real-life experience to the military personnel during training. Naval forces award multi-year contracts to the pyrotechnic marker/munition suppliers to deliver a substantial volume of pyrotechnic munitions/markers. For instance, in 2016, the US military announced that it awarded a contract worth US$ 8 million to HFI Pyrotechnics, wherein the company continued to supply its advanced marker product i.e., MK 25 MOD 4/5 to the US Navy and the US Airforce till 2021. 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.

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

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

North America Pyrotechnic Munitions Market Segmentation

The North America 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 North America 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 North America pyrotechnic munitions market is segmented into the US, Canada, and Mexico. In 2022, the US held the largest market share, and it is also expected to register the highest CAGR during the forecast period.

PR Tactical Corporation; Martinez Specialties, Inc.; Pyrotechnic Specialties Incorporated; HFI Pyrotechnics Inc.; Chemring Group PLC; ARSENAL; and Rheinmetall AG are among the leading companies operating in the North America pyrotechnic munitions market.

At 5.6% CAGR, the North America Pyrotechnic Munitions Market is speculated to be worth US$ 1676.74 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America pyrotechnic munitions market was valued at US$ 1,208.70 million in 2022 and is expected to reach US$ 1,676.74 million by 2028, registering an annual growth rate of 5.6% from 2022 to 2028. Burgeoning demand for pyrotechnic markers across defense forces and collaboration of companies with defense forces for live training simulation.

The military forces worldwide train their personnel to keep their forces trained at all times. The demand for military training engages various types of military operations involving a lot of pyrotechnic munitions to create a live simulation environment. 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 led to an increase in the adoption of live pyrotechnic munitions, such as illumination signal rounds, markers, and smoke grenades. Furthermore, the military exercises organized during the nighttime involve many pyrotechnic illumination and signaling rounds, which are another major factor supporting the adoption of pyrotechnic munition for live training simulation. For instance, in April 2021, the US army conducted a live training in Pulaski Country (Arkansas) wherein two Boeing Chinook Helicopters carried out the military cadets for a 4-day exercise. Under this operation, colored smoke canisters, illumination fire rounds, and other types of pyrotechnic munitions were used. Similarly, in March 2021, the Joint Multinational Readiness Center Dragon Team of the US military conducted a fire marker training session at Hohenfels Training Area, wherein the fire marker training involved replicating threats, such as roadside bomb blasts and indirect fire, and using smoke to simulate close-air support. The increase in usage of pyrotechnics for military training is catalyzing the pyrotechnic munition market.

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

Based on type, the North America pyrotechnic munitions market is segmented into signaling and illumination, crowd control, and training. The signaling and illumination segment held 49.8% market share in 2022, amassing US$ 602.31 million. It is projected to garner US$ 826.23 million by 2028 to expand at 5.4% CAGR during 2022–2028.

Based on application, the North America pyrotechnic munitions market is segmented into land forces, naval forces, and air forces. The land forces segment held 50.7% market share in 2022, amassing US$ 612.89 million. It is projected to garner US$ 873.87 million by 2028 to expand at 6.1% CAGR during 2022–2028.

Based on end user, the North America pyrotechnic munitions market is categorized into military and law enforcement agencies. The military segment held 77.6% market share in 2022, amassing US$ 937.69 million. It is projected to garner US$ 1,317.58 million by 2028 to expand at 5.8% CAGR during 2022–2028.

Based on country, the North America pyrotechnic munitions market has been segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.1% market share in 2022. It was assessed at US$ 883.18 million in 2022 and is likely to hit US$ 1,254.20 million by 2028, exhibiting a CAGR of 6.0% during the forecast period.

Key players dominating the North America pyrotechnic munitions market are PR Tactical Corporation; Martinez Specialties, Inc.; Pyrotechnic Specialties Incorporated; WESCOM GROUP; Chemring Group PLC; ARSENAL; and Rheinmetall AG among others.

In September 2019, Chemring Group PLC received an Indefinite Delivery/Indefinite Quantity (IDIQ) five-year contract from US Air Force to supply MJU-52A/B BOL IR flare worth US$25 million. In July 2020, HFI Pyrotechnics signed a deal with the Canadian military, to supply illumination devices, smoke grenades and flares used in military exercises and search-and-rescue missions. By signing the Canada’s Strategic Sourcing Agreement, HFI Pyrotechnics becomes the first new company added to the Munitions Supply Program. The partnership is set to put the HFI Pyrotechnics business on a pathway to increased success.

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. North America 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. North America Pyrotechnic Munitions Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Burgeoning 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 Raising Fleet of Naval Vessels and Aircraft Carriers

5.4 Future Trends

5.4.1 Introduction of Electric Pyrotechnics

5.5 Impact Analysis of Drivers and Restraints

6. North America Pyrotechnic Munitions Market Analysis

6.1 North America Pyrotechnic Munitions Market Overview

6.2 North American Pyrotechnic Munitions Market Forecast and Analysis

7. North American Pyrotechnic Munitions Market Analysis – by Product Type

7.1 Overview

7.2 North America 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. North America Pyrotechnic Munitions Market Analysis – by Application

8.1 Overview

8.2 North America 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. North America Pyrotechnic Munitions Market Analysis – by End User

9.1 Overview

9.2 North America 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. North America Pyrotechnic Munitions Market – Country Analysis

10.1 Overview

10.1.1 North America: Pyrotechnic Munitions Market, by Key Country

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

10.1.1.1.1 US: Pyrotechnic Munitions Market, By Product Type

10.1.1.1.2 US: Pyrotechnic Munitions Market, By Application

10.1.1.1.3 US: Pyrotechnic Munitions Market, By End Use

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

10.1.1.2.1 Canada: Pyrotechnic Munitions Market, By Product Type

10.1.1.2.2 Canada: Pyrotechnic Munitions Market, By Application

10.1.1.2.3 Canada: Pyrotechnic Munitions Market, By End Use

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

10.1.1.3.1 Mexico: Pyrotechnic Munitions Market, By Product Type

10.1.1.3.2 Mexico: Pyrotechnic Munitions Market, By Application

10.1.1.3.3 Mexico: Pyrotechnic Munitions Market, By End Use

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 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 PR Tactical Corporation

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 Martinez Specialties, Inc.

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 Pyrotechnic Specialties Incorporated

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 Rheinmetall AG

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

12.7 HFI Pyrotechnics Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

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

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

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

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

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

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

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

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

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

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

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

Table 12.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           North America Pyrotechnic Munitions Market Segmentation

Figure 2.           North America Pyrotechnic Munitions Market Segmentation – By Country

Figure 3.           North America Pyrotechnic Munitions Market Overview

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

Figure 5.           The US held the Largest Share of North America Pyrotechnic Munitions Market

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

Figure 7.           North America Pyrotechnic Munitions Market– Ecosystem Analysis

Figure 8.           Expert Opinion

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

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

Figure 11.        North America 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.        North America 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.        North America 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.        North America Pyrotechnic Munitions Market – Geographic Analysis

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

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

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

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

The List of Companies - North America Pyrotechnic Munitions Market

● PR Tactical Corporation                                                                    

● Martinez Specialties, Inc.                        

● Pyrotechnic Specialties Incorporated   

● HFI Pyrotechnics Inc.                                

● 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 North America 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 North America 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 North America 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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