Asia Pacific Ammunition Market Forecast to 2028

Report Code : BMIRE00027471 | Region : Asia Pacific | Industry : Aerospace and Defense | Published Date : 15/Nov/2022
Asia Pacific Ammunition Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided), Lethality (Non-Lethal and Lethal), and Caliber [Small Caliber Ammunition (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, .45ACP, 338LM, 22LR, .223 Rem, and .308 Winchester), Medium Caliber Ammunition (20mm, 30mm, 40mm, and Others), and Large Caliber Ammunition (60mm, 105mm, 120mm, 150mm, and Others)]

The ammunition market in Asia Pacific is expected to grow from US$ 11,459.82 million in 2022 to US$ 21,807.50 million by 2028. It is estimated to grow at a CAGR of 11.3% from 2022 to 2028.

Rising Demand for Guided Ammunitions from Emerging Countries

The introduction of guided munitions has been boosting the adoption of guided ammunitions worldwide. As several countries have been pushing their capabilities to increase their firepower and strengthen their armed forces, the demand for advanced weaponry systems has been on the rise, which is likely to generate huge opportunities for the ammunition market. For instance, in 2019, a country in Asia Pacific awarded a US$ 30 million contract to Elbit Systems for the procurement of STYLET-guided mortar ammunitions. Similarly, in 2022, Bharat Dynamics Limited (BDL) announced that it had won a contract worth US$ 394 million to supply Konkurs-M anti-tank guided missiles to the Indian Army. Moreover, in 2022, the US Navy awarded a US$ 217 million contract to Raytheon Technologies for the procurement of Tomahawk guided cruise missiles. This is likely to generate new market opportunities for market vendors during the forecast period.

Market Overview

Based on country, the Asia Pacific ammunition market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The region is anticipated to be the second largest market for military ammunition and possesses the highest number of arms-producing nations. The region has witnessed considerable growth in arms manufacturing regarding the value of price, types of weapon systems, and particularly national ambitions for such ammo manufacturing. As a result, there has been a substantial investment in national defense technological and industrial bases. Military spending in the Asia Pacific is driven by major procurement programs for ammo formulated by governments of various countries such as India, China, Australia, and South Korea. These countries are focusing on the indigenous development of firearms, which is further expected to increase of more expenditure on military ammunition over the forecast period.

The military and other law enforcement organizations in APAC have been encouraged to acquire weapons to maintain public safety due to increased civilian unrest in the region. An increase in terrorist attacks in the region has surged the procurement of weapons by the regional law enforcement agencies to prevent such security lapses and the resultant loss of both lives and property. The demand for new weapons is driving the need for ammunition as weapons are configured to work with specifically sized calibers. Additionally, the ongoing modernization of the armed forces in the region is anticipated to boost the demand for ammunition.

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

Asia Pacific Ammunition Market Segmentation

The Asia Pacific ammunition market is segmented into product, application, guidance, lethality, caliber, and country.

The Asia Pacific ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market.

The ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the Asia Pacific ammunition market.

The Asia Pacific ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.

The Asia Pacific ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.

The Asia Pacific ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021.

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market in 2021.

BAE Systems, Elbit Systems Ltd, NAMMO AS, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, RUAG Group, Thales Group, and Vista Outdoor Operations LLC are the leading companies operating in the ammunition market in the region.

The List of Companies - Asia Pacific Ammunition Market

● BAE Systems

● Elbit Systems Ltd

● NAMMO AS

● Northrop Grumman Corporation

● Raytheon Technologies Corporation

● Rheinmetall AG

● RUAG Group

● Thales Group

● Vista Outdoor Operations LLC

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. APAC Ammunition Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat to New Entrants

4.2.4 Threat to Substitutes

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Ammunition Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Rise in Military Spending Promotes Procurement of Ammunitions

5.1.2 Introduction of Lightweight Ammunitions

5.2 Key Market Restraints

5.2.1 Shortage of Ammunition After FY 2020

5.3 Key Market Opportunities

5.3.1 Rising Demand for Guided Ammunitions from Emerging Countries

5.4 Future Trends

5.4.1 Technological Advancements Across Firearms Industry

5.5 Impact Analysis of Drivers and Restraints

6. Ammunition Market – APAC Analysis

6.1 APAC Ammunition Market APAC Overview

6.2 APAC Ammunition Market Forecast and Analysis

7. APAC Ammunition Market Analysis – by Product

7.1 Overview

7.2 APAC Ammunition Market Breakdown, by Product, 2021 and 2028

7.3 Bullets

7.3.1 Overview

7.3.2 Bullets: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Aerial Bomb

7.4.1 Overview

7.4.2 Aerial Bomb: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.5 Grenades

7.5.1 Overview

7.5.2 Grenades: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.6 Artillery Shells

7.6.1 Overview

7.6.2 Artillery Shells: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.7 Mortars

7.7.1 Overview

7.7.2 Mortars: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.8 Others

7.8.1 Overview

7.8.2 Others: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

8. APAC Ammunition Market Analysis – by Application

8.1 Overview

8.2 APAC Ammunition Market Breakdown, by Application, 2021 and 2028

8.3 Defense

8.3.1 Overview

8.3.2 Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Commercial

8.4.1 Overview

8.4.2 Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Ammunition Market Analysis – by Guidance

9.1 Overview

9.2 APAC Ammunition Market Breakdown, by Guidance, 2021 and 2028

9.3 Guided

9.3.1 Overview

9.3.2 Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

9.4 Non-Guided

9.4.1 Overview

9.4.2 Non-Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

10. APAC Ammunition Market Analysis – by Lethality

10.1 Overview

10.2 APAC Ammunition Market Breakdown, by Lethality, 2021 and 2028

10.3 Non-Lethal

10.3.1 Overview

10.3.2 Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Lethal

10.4.1 Overview

10.4.2 Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

11. APAC Ammunition Market Analysis – by Caliber

11.1 Overview

11.2 APAC Ammunition Market Breakdown, by Caliber, 2021 and 2028

11.3 Small Caliber Ammunition

11.3.1 Overview

11.3.2 Small Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

11.4 Medium Caliber Ammunition

11.4.1 Overview

11.4.2 Medium Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

11.5 Large Caliber Ammunition

11.5.1 Overview

11.5.2 Large Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

12. APAC Ammunition Market – Country Analysis

12.1 Overview

12.1.1 APAC: Ammunition Market, by Key Country

12.1.1.1 Australia: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.1.1 Australia: Ammunition Market, by Product

12.1.1.1.2 Australia: Ammunition Market, by Application

12.1.1.1.3 Australia: Ammunition Market, by Guidance

12.1.1.1.4 Australia: Ammunition Market, by Lethality

12.1.1.1.5 Australia: Ammunition Market, by Caliber

12.1.1.1.5.1 Australia: Ammunition Market, by Small Caliber Ammunition

12.1.1.1.5.2 Australia: Ammunition Market, by Medium Caliber Ammunition

12.1.1.1.5.3 Australia: Ammunition Market, by Large Caliber Ammunition

12.1.1.2 China: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.2.1 China: Ammunition Market, by Product

12.1.1.2.2 China: Ammunition Market, by Application

12.1.1.2.3 China: Ammunition Market, by Guidance

12.1.1.2.4 China: Ammunition Market, by Lethality

12.1.1.2.5 China: Ammunition Market, by Caliber

12.1.1.2.5.1 China: Ammunition Market, by Small Caliber Ammunition

12.1.1.2.5.2 China: Ammunition Market, by Medium Caliber Ammunition

12.1.1.2.5.3 China: Ammunition Market, by Large Caliber Ammunition

12.1.1.3 India: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.3.1 India: Ammunition Market, by Product

12.1.1.3.2 India: Ammunition Market, by Application

12.1.1.3.3 India: Ammunition Market, by Guidance

12.1.1.3.4 India: Ammunition Market, by Lethality

12.1.1.3.5 India: Ammunition Market, by Caliber

12.1.1.3.5.1 India: Ammunition Market, by Small Caliber Ammunition

12.1.1.3.5.2 India: Ammunition Market, by Medium Caliber Ammunition

12.1.1.3.5.3 India: Ammunition Market, by Large Caliber Ammunition

12.1.1.4 Japan: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.4.1 Japan: Ammunition Market, by Product

12.1.1.4.2 Japan: Ammunition Market, by Application

12.1.1.4.3 Japan: Ammunition Market, by Guidance

12.1.1.4.4 Japan: Ammunition Market, by Lethality

12.1.1.4.5 Japan: Ammunition Market, by Caliber

12.1.1.4.5.1 Japan: Ammunition Market, by Small Caliber Ammunition

12.1.1.4.5.2 Japan: Ammunition Market, by Medium Caliber Ammunition

12.1.1.4.5.3 Japan: Ammunition Market, by Large Caliber Ammunition

12.1.1.5 South Korea: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.5.1 South Korea: Ammunition Market, by Product

12.1.1.5.2 South Korea: Ammunition Market, by Application

12.1.1.5.3 South Korea: Ammunition Market, by Guidance

12.1.1.5.4 South Korea: Ammunition Market, by Lethality

12.1.1.5.5 South Korea: Ammunition Market, by Caliber

12.1.1.5.5.1 South Korea: Ammunition Market, by Small Caliber Ammunition

12.1.1.5.5.2 South Korea: Ammunition Market, by Medium Caliber Ammunition

12.1.1.5.5.3 South Korea: Ammunition Market, by Large Caliber Ammunition

12.1.1.6 Rest of APAC: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.1.6.1 Rest of APAC: Ammunition Market, by Product

12.1.1.6.2 Rest of APAC: Ammunition Market, by Application

12.1.1.6.3 Rest of APAC: Ammunition Market, by Guidance

12.1.1.6.4 Rest of APAC: Ammunition Market, by Lethality

12.1.1.6.5 Rest of APAC: Ammunition Market, by Caliber

12.1.1.6.5.1 Rest of APAC: Ammunition Market, by Small Caliber Ammunition

12.1.1.6.5.2 Rest of APAC: Ammunition Market, by Medium Caliber Ammunition

12.1.1.6.5.3 Rest of APAC: Ammunition Market, by Large Caliber Ammunition

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Product Development

14. Company Profiles

14.1 Northrop Grumman Corporation

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 BAE Systems

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Elbit Systems Ltd.

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Raytheon Technologies Corporation

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Vista Outdoor Operations LLC

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 NAMMO AS

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Rheinmetall AG

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 RUAG Group

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Thales Group

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES.

Table 1. APAC Ammunition Market, Revenue and Forecast, 2020–2028 (US$ Million)

Table 2. Australia: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia: Ammunition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. Australia: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 5. Australia: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 6. Australia: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 7. Australia: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 8. Australia: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 9. Australia: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 10. China: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 11. China: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 12. China: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 13. China: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 14. China: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 15. China: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 16. China: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 17. China: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 18. India: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 19. India: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 20. India: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 21. India: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 22. India: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 23. India: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 24. India: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 25. India: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 26. Japan: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 27. Japan: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 28. Japan: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 29. Japan: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 30. Japan: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 31. Japan: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 32. Japan: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 33. Japan: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 34. South Korea: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 35. South Korea: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 36. South Korea: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 37. South Korea: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 38. South Korea: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 39. South Korea: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 40. South Korea: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 41. South Korea: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 42. Rest of APAC: Ammunition Market, by Product – Revenue and Forecast to 2028 (US$ Million)

Table 43. Rest of APAC: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 44. Rest of APAC: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 45. Rest of APAC: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 46. Rest of APAC: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 47. Rest of APAC: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 48. Rest of APAC: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 49. Rest of APAC: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 50. List of Abbreviation

The List of Companies - Asia Pacific Ammunition Market

● BAE Systems

● Elbit Systems Ltd

● NAMMO AS

● Northrop Grumman Corporation

● Raytheon Technologies Corporation

● Rheinmetall AG

● RUAG Group

● Thales Group

● Vista Outdoor Operations LLC

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 ammunition 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 Asia Pacific ammunition 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 Asia Pacific market trends and outlook coupled with the factors driving the ammunition 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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