Asia-Pacific Ammunition Market Share

Market Share of Asia-Pacific Ammunition Industry

The Asia-Pacific ammunition market is moderately fragmented, with several players with significant market shares in the region. Some of the major players in the market are Rheinmetall AG, BAE Systems PLC, Nexter Group, Poongson Corporation, and Hanwha Corporation. The companies are currently focusing on designing and developing advanced ammunition for defense forces. In August 2022, the Indian Navy received the first-ever fully made-in-India 30 mm ammunition. Economic Explosives Ltd developed the ammunition, which is expected to be used in the AK-630 guns fitted on warships. Also, countries like China, India, South Korea, Singapore, and Indonesia are supporting local manufacturing companies to facilitate the need of their respective armed forces and law enforcement agencies, driving the growth of the market studied.

APAC Ammunition Market Leaders

1. Rheinmetall AG

2. BAE Systems plc

3. Nexter Group

4. Poongson Corporation

5. Hanwha Corporation

*Disclaimer: Major Players sorted in no particular order