Market Share of Asia-Pacific Medium And Large Caliber Ammunition Industry
The Asia-Pacific medium- and large-caliber ammunition market is highly fragmented, with many regional players supporting various armed forces. Some prominent market players are Munitions India Limited, Poongsan Corporation, Rheinmetall AG, Saab AB, and Singapore Technologies Engineering Ltd.
The international players in the market are forming partnerships with governments, constructing new production facilities, and increasing their presence in the region. The growth is subjective to several associative factors, such as allocating funds to procure new equipment. It may be adversely affected by the rapid technological advances resulting in the effective life of a newly developed technology.
Over the years, the local players have mastered technology and product design, and they are offering similar quality ammunition at a relatively lower price. This threatens the growth of the established players in the region and is expected to further intensify the competition in the market during the forecast period.
Asia-Pacific Medium And Large Caliber Ammunition Market Leaders
Poongsan Corporation
Saab AB
Rheinmetall AG
Munitions India Limited
Singapore Technologies Engineering Ltd.
*Disclaimer: Major Players sorted in no particular order
