The global large caliber ammunition market is estimated to grow at a CAGR of nearly 4.5% during the forecast period. The major factors leading to increasing demand for large caliber ammunition include rising military spending and significant terrorist activities and political tension between countries. As per the Stockholm International Peace Research Institute (SIPRI), in 2019, the total global military spending increased to $1,917 billion, which represents a rise of 3.6% from 2018. The five major countries that significantly invests in military spending include the US, China, India, Russia and Saudi Arabia. These countries accounted for 62% of the total global military spending.
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The increasing military spending has led the demand for weapon systems to meet peer and near-peer threats. This contributes to the emerging adoption of large caliber ammunition that covers mortar rounds and tank artillery, which is available in the types of 60 mm to 155 mm. The large caliber weapons and ammunition offered by the major players include 120 mm HE DM 11 Tank Ammunition (Rheinmetall AG), 120 mm PELE Tank Ammunition (Rheinmetall AG), and 105 mm – M724A2 TPDS-T (General Dynamics Corp.), and 105 mm – M456A2 HEAT-T (General Dynamics Corp.). The 105mm M724A2 TPDS-T round is utilized as a training surrogate for all 105 mm kinetic energy cartridges, such as the M900, M774, M735, and M833.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Large Caliber Ammunition Market- Segmentation
By Caliber Type
? Artillery Ammunition
- 105 mm
- 155 mm
? Tank Ammunition
- 120 mm
- 105 mm
? Mortar Ammunition
- 60 mm
- 81 mm
- 120 mm
? Naval Ammunition
- 57 mm
- 76 mm
- 127 mm
Global Large Caliber Ammunition Market– Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global large caliber ammunition market. Based on the availability of data and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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