NATO Ammunition Market Share

Market Share of NATO Ammunition Industry

The NATO ammunition market is consolidated, with few global and local players holding significant shares in the market. Some of the key players in the market are General Dynamics Corporation, Rheinmetall AG, BAE Systems PLC, Northrop Grumman Corporation, and Olin Corporation. Key players in the market are highly investing in R&D and introducing advanced ammunition for defense forces. For instance, in November 2021, RUAG Ammotec announced it decided to reintroduce the MFS brand as its central pillar to the dynamic expansion of its defense and law enforcement business with NATO standard ammunition. MFS is a European small-caliber ammunition provider that delivers the best-in-class solution at competitive prices.

NATO Ammunition Market Leaders

1. Rheinmetall AG

2. Olin Corporation

3. General Dynamics Corporation

4. Northrop Grumman Corporation

5. BAE Systems PLC

*Disclaimer: Major Players sorted in no particular order