DUBLIN--(BUSINESS WIRE)--The "Global Medium-Caliber Ammunition Market - Analysis & Forecast (2017-2021) Focus on Caliber Types (20mm, 25mm, 30mm, 40mm and others) and Region" report has been added to Research and Markets' offering.
Global medium-caliber ammunition market generated a revenue of $732 million in 2016
North America generated most of the revenue in medium-caliber ammunition market in 2016 with the U.S. as the most prominent nation. However, Asia-Pacific is estimated to have the highest growth rate including India, growing at the highest CAGR during the forecast period 2017-2021.
Ammunitions are one of the most powerful and lethal component of various military systems that have been used in defense applications. Medium-caliber ammunition falls in specific size category of rounds and are primarily used for military purposes. These caliber ammunitions are highly explosive and can be used against lethal weapons, targets and individual military personnel.
Some of the major specifications available in medium-caliber ammunition include target practice tracer, armor piercing incendiary, high explosive dual purpose grenades, high explosive dual purpose with self-destruction grenades and target practice marker, among others. There are various companies that are offering a wide-variety of medium-caliber ammunition globally.
This high scale growth of medium-caliber ammunition industry is subsequently influencing the market, wherein new range of medium-caliber weapons and ammunitions are being developed. Global defense modernization programs and growing wars, conflicts and terrorism activities are the key drivers for its increased adoption by government defense forces including Army, Navy and Air Force.
Globally, the defense spending of all the countries is increasing yearly which is a part of defense modernization program adopted for strengthening the nation's military forces. Moreover, the development of smart weapon systems and ammunition technology is providing the opportunity for the growth of medium-caliber ammunition market. The size of medium-caliber rounds ranges from 20mm caliber to 57mm caliber. In addition to this, 40mm caliber type is expected to have the highest growth during the forecast period 2017-2021 due to its high lethal power.
Key Topics Covered:
Executive Summary
1 Scope & Research Methodology
2 Market Dynamics
3 Competitive Insights
4 Industry Analysis
5 Global Medium-Caliber Ammunition Market, 2017-2021
6 Global Medium-Caliber Ammunition Market by Type
7 Global Medium-Caliber Ammunition Market by Region
8 Company Profiles
9 Appendix
Companies Mentioned
- BAE Systems
- Companhia Brasileira De Cartuchos (CBC)
- Denel SOC Ltd (DENEL PMP)
- General Dynamics Ordnance and Tactical Systems, Inc.
- Global Ordnance
- MAXAMCorp Holding, S.L.
- MESKO SA
- Multinational Defense Services LLC
- Nammo AS
- Nexter Group
- Orbital ATK, Inc.
- Poongsan Corporation
- Rheinmetall AG
- Singapore Technologies Engineering Ltd
- Thales Group
For more information about this report visit https://www.researchandmarkets.com/research/2tg7gx/global
