Singapore Ammunition Market Size & Outlook, 2023-2030
Singapore ammunition market, 2018-2030 (US$M)
Related Markets
Singapore ammunition market highlights
- The Singapore ammunition market generated a revenue of USD 143.5 million in 2023 and is expected to reach USD 189.4 million by 2030.
- The Singapore market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, small caliber was the largest revenue generating caliber in 2023.
- Rockets & Missiles is the most lucrative caliber segment registering the fastest growth during the forecast period.
Ammunition market data book summary
| Market revenue in 2023 | USD 143.5 million |
| Market revenue in 2030 | USD 189.4 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Small caliber |
| Fastest growing segment | Rockets & Missiles |
| 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, Singapore accounted for 0.2% 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 |
|---|
Singapore 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 48.85% in 2023. Horizon Databook has segmented the Singapore ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
Singapore has one of the most technologically advanced armed forces among the Association of Southeast Asian Nations (ASEAN). The economy marked a defense budget of USD 13.4 billion in 2023 and witnessed an approximate 5.6% growth in the expenditure from the previous year.
This growth can be attributed to the country’s plans to increase the procurement of advanced ammunition for countering the national security threats.
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Target buyers of Singapore 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 Singapore ammunition market, including forecasts for subscribers. This country databook contains high-level insights into Singapore ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Singapore ammunition market size, by caliber, 2018-2030 (US$M)
Singapore Ammunition Market Share, 2023 & 2030 (US$M)
Related regional statistics
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