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The Weapons and Ammunition Market is segmented by Weapon Type (Small Arms, Rifles, Machine Guns, Portable Explosives, and Other Weapon Types), Caliber (Small Caliber, Medium Caliber, and Large Caliber), Platform (Aerial, Terrestrial, and Naval), and Geography.
Fastest Growing Market:
The weapons and ammunition market is expected to exhibit a growth rate of more than 3.5% during the forecast period (2020-2025).
The study covers the latest trends and technological developments in the weapons and ammunition market. It assimilates data from several sources to estimate the demand for different weapon types and ammunition for different platforms on a global level. The portable explosives subsegment includes grenades, shoulder-fired weapons, and anti-personnel and anti-vehicle mines. The other weapon types segment includes anti-aircraft guns, artillery, and mortars.
|Other Weapon Types|
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The evolution of the battlefield environment has necessitated the subsequent upgrade and customization of armament. Currently, the US Army is focusing on improving the short-range air defense capabilities of its brigade combat teams. The emergence of unmanned aerial systems (UASs), cruise missiles, and long-range rockets (LRRs) poses a threat to the ground infantry troops. Hence, the US Army has prioritized short-range air defense (SHORAD) and started reactivating units back to this core competency. In May 2018, the Russian manufacturer, KBP Instrument Design Bureau, showcased its latest generation of the 9K333 Verba man-portable surface-to-air missile system, which can effectively engage an approaching or receding aircraft, helicopter, cruise missile, or UAV. The new generation 9M336 missile is claimed to be twice as efficient as its predecessor, beyond a range of 1.86 miles. The system can detect targets through various systems, including the tripod-mounted 1L122 lightweight surveillance radar or the 9S932-1 mobile radar system, generally mounted on the tracked Armored Command and Reconnaissance Vehicle of the Russian Army. In addition to upgrading the M72 shoulder-fired rocket launcher to reduce its overall weight and develop a variety of warheads, the US Army and the US Marine Corps intend to adopt the weapon primarily as a lightweight anti-tank weapon. The US government also plans to introduce a new and sophisticated ground-based air defense system to replace the existing short-range RBS-70 missile system. This short-range, man-portable system is expected to be introduced by 2020, and it is likely to be supplemented by an advanced tactical and medium-range, surface-to-air missile system by mid-2020. The need for high-precision, lightweight, and compact weapon systems has led innovators to invest considerable resources in the development of sophisticated weapon systems. The evolution of technology has led to the development of guided weapons with a high target hit ratio, which are supported by a range of accessories, such as weapon sights, night vision devices, aiming lasers, laser rangefinders, and fire control systems. Such developments are expected to drive the portable explosives segment of the weapons and ammunition market during the forecast period.
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In North America, the US has been the pioneer of light weaponry and has positioned itself at the apex of military dominance through a steady growth rate in the procurement of advanced weapon systems. The changing nature of warfare is one of the prime reasons for the US DoD's increased spending on equipping its armed forces with better weapons. Weapons are subjected to extensive testing to ensure reliable operations and estimate the level of performance enhancement with a new integrated design change. In October 2018, the US Army concluded its qualification testing for a new proximity fuse, which is designed as an enhancement to Raytheon Corporation's Stinger missiles. The fuse-integrated missile achieved a perfect score against a variety of targets, which amplifies its lethality through proximal detonation while maintaining its hit-to-kill capability. The US Army plans to integrate its Stinger inventory with the new proximity fuse by issuing an Urgent Material Release contract as part of its Service Life Extension Program, scheduled to be conducted at its ammo plant in McAlester, Oklahoma. Furthermore, the US Special Operations Command (SOCOM) and the US Marine Corps plan to develop an HMG that can replace the M2 Browning .50 caliber machine gun. In May 2017, the US SOCOM posted a notice on FedBizOpps, the US government’s main contracting website, as part of its market research to gather information from the companies that can build .338 Norma Magnum ammunition-based HMGs. The notice even listed out the specifications for the HMG-belt-fed, with a 24 inch barrel, not weighing more than 24 lbs and able to fire around 500-600 rounds per minute with a precision range of 2,000 yards. Such developments are envisioned to drive weapon development programs and encourage the adoption of sophisticated weaponry by the armed forces in the future.
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The weapons and ammunition market is fragmented on a global level, but at a regional level, only selected vendors manufacture and supply weapons and ammunition, due to the high technological expertise required to produce military-grade weapons. However, global players, like BAE Systems PLC, General Dynamics Corporation, MBDA, Raytheon Technologies Corporation, and Kalashnikov Concern JSC (Rostec State Corporation), dominate a significant share of the market. Multi-featured systems or dual-capability weapons emerged in the last decade, significantly enhancing the lethality of shoulder-fired weapons. For instance, next-generation light anti-tank weapons (NLAWs) are the most recent shoulder-launched, overfly top attack (OTA), anti-tank missile systems, and they act as true tank killers for light forces. They are also capable of operating in all kinds of environments, including built-up areas. The Predicted Line of Sight (PLOS) guidance system and selectable OTA provides accuracy, easy handling, and high kill probability to the weapons. Moreover, it provides effective armor penetration against an MBT equipped with explosive reactive armor (ERA). The Magneto Hydrodynamic Explosive Munition (MAHEM) is currently being developed by the Defense Advanced Research Projects Industry (DARPA). MAHEM uses a magnetic flux generation system to fire a projectile compared to conventional explosive chemical energy used for making Explosively Formed Jets and Self Forging Penetrators. MAHEM is capable of producing high projectile velocity and range and uses molten metal to penetrate armored vehicles.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Weapon Type
5.1.1 Small Arms
5.1.3 Machine Guns
5.1.4 Portable Explosives
5.1.5 Other Weapon Types
5.2.1 Small Caliber
5.2.2 Medium Caliber
5.2.3 Large Caliber
5.4.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.4.4 Latin America
126.96.36.199 Rest of Latin America
5.4.5 Middle-East and Africa
188.8.131.52 United Arab Emirates
184.108.40.206 Saudi Arabia
220.127.116.11 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 BAE Systems PLC
6.2.2 Colt Manufacturing Company LLC
6.2.3 Denel SOC Ltd
6.2.4 Diehl Defence GmbH & Co. KG
6.2.5 FN Herstal
6.2.6 General Dynamics Corporation
6.2.7 Heckler and Koch GmbH
6.2.8 Kalashnikov Concern JSC (Rostec State Corportation)
6.2.10 Nammo AS
6.2.11 Rafael Advanced Defense Systems Ltd
6.2.12 Raytheon Technologies Corporation
6.2.13 Saab AB
7. MARKET OPPORTUNITIES AND FUTURE TRENDS