India Ammunition Market Size & Outlook, 2023-2030
India ammunition market, 2018-2030 (US$M)
Related Markets
India ammunition market highlights
- The India ammunition market generated a revenue of USD 1,115.3 million in 2023 and is expected to reach USD 1,648.6 million by 2030.
- The India market is expected to grow at a CAGR of 5.7% 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.
Ammunition market data book summary
| Market revenue in 2023 | USD 1,115.3 million |
| Market revenue in 2030 | USD 1,648.6 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Small caliber |
| Fastest growing segment | Small Caliber |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 1.6% of the global ammunition market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ammunition market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,648.6 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 45.51% in 2023. Horizon Databook has segmented the India ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
Recent reforms employed by Indian government has opened the defense sector for private players, thereby creating greater opportunity for global arm manufacturers. These manufacturers can not only produce for India but can also install manufacturing capacities to cater to global markets.
In addition, the implementation of ‘Make in India’ policy by the government is further expected to boost the domestic production in the Country.
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Target buyers of India 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 country-level data and insights on the India ammunition market, including forecasts for subscribers. This country databook contains high-level insights into India ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India ammunition market size, by caliber, 2018-2030 (US$M)
India Ammunition Market Share, 2023 & 2030 (US$M)
Related regional statistics
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