Asia Pacific Ammunition Market Size & Outlook, 2023-2030
Asia Pacific ammunition market, 2018-2030 (US$M)
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Asia Pacific ammunition market highlights
- The Asia Pacific ammunition market generated a revenue of USD 7,819.8 million in 2023.
- The market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, small caliber was the largest revenue generating caliber in 2023.
- Small Caliber is the most lucrative caliber segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 7,819.8 million |
| Market revenue in 2030 | USD 9,820.5 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Small caliber |
| Fastest growing segment | Small Caliber |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Caliber, Medium Caliber, Large Caliber, Rockets & Missiles |
| Key market players worldwide | Northrop Grumman Corp, Olin Corp, General Dynamics Corp, BAE Systems PLC, Rheinmetall AG, Hanwha, Temasek Holdings, Vista Outdoor Inc, FN Herstal, Nexaer, Remington Arms Company |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 11.4% of the global ammunition market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,820.5 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific ammunition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammunition market will help companies and investors design strategic landscapes.
Small caliber was the largest segment with a revenue share of 50.85% in 2023. Horizon Databook has segmented the Asia Pacific ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
Rising geopolitical disputes and increasing threat of terrorist attacks are the primary reasons for the growth of defense industries in the region. Countries like China and India are spending on modernization of their armed forces to battle against violence. These countries procure ammunition for the armed forces and law enforcing agencies to minimize the rising crime rate.
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Target buyers of Asia Pacific ammunition market databook
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Our clientele includes a mix of ammunition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific ammunition market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific ammunition market size, by country, 2018-2030 (US$M)
Asia Pacific Ammunition Market Share, 2023 & 2030 (US$M)
Related regional statistics
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