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NATO Ammunition Market Analysis, Share, Trends, Forecast: By Calibre: Small, Medium, Large; By Product: Rimfire, Centrefire; By Weapon Platform: Aerial, Terrestrial, Naval; By End Use: Defence, Civil and Commercial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
NATO Ammunition Market Outlook
The NATO ammunition market size reached approximately USD 7.48 billion in 2023. The market is projected to grow at a CAGR of 3.2% between 2024 and 2032, reaching a value of around USD 9.97 billion by 2032.
Key Trends in the Market
Ammunition is a term used for all types of materials launched or dropped from any weapon and weapon system. It is a crucial component for the functioning of firearms and military equipment. Ammunition can be availed in a wide variety of types and calibres, tailored to the specific needs of different weapons, environments, and missions.
- Rapid ammunition technology advancements are significantly influencing the NATO ammunition market growth. With the incorporation of cutting-edge materials, precise engineering techniques, and intelligent munitions systems, there has been a substantial enhancement in the overall performance and efficiency of ammunition. Notably, progress in guided munitions and precision-strike capabilities has elevated the accuracy and lethal potential of NATO ammunition.
- The growing usage of non-lethal ammunition is one of the most significant NATO ammunition market trends. This shift is motivated by the necessity for managing crowds and undertaking humanitarian operations amid growing political and social instability. These types of munitions are purposefully designed to immobilise or discourage without inflicting deadly harm. The advancement of non-lethal alternatives holds immense importance for NATO forces actively involved in peacekeeping and stabilisation missions.
- The NATO ammunition market demand is propelled by the increasing popularity of smart or guided ammunition. The push towards this trend is fuelled by a demand for heightened precision, minimised unintended damage, and enhanced discernment of targets. Smart ammunition is outfitted with intricate guidance systems, GPS technology, and sophisticated sensors, allowing it to dynamically adjust its path and target in real time.
Market Analysis
Based on calibre, the market can be segmented into small, medium, and large. The NATO ammunition market segmentation, based on product, includes rimfire and centrefire. Based on the weapon platform, the market divisions include aerial, terrestrial, and naval.
The market, based on end use, is divided into defence and civil and commercial. The major regional markets for ammunition in NATO are the United States, Germany, France, the United Kingdom, Canada, and Italy, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the NATO ammunition market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Northrop Grumman Corporation
- BAE Systems plc
- General Dynamics Corp.
- Rheinmetall AG
- RWS GmbH
- FN HERSTAL, S.A.
- CBC Global Ammunition
- Nammo AS
- AMMO, Inc.
- MESKO S.A.
- Others
Market Share by Product
According to the NATO ammunition market analysis, rimfire is likely to show substantial growth during the forecast period. The development of the ammunition type can be attributed to its various benefits, including cost affordability, low recoil, and lightweight. Rimfire cartridges typically have lower power and recoil compared to centrefire cartridges. Moreover, these firearms produce less noise and muzzle blast compared to centrefire firearms.
Market Share by End-Use
The increasing investments by governments in defence are expected to significantly influence the NATO ammunition market share in the coming years. Military forces rely heavily on various types of ammunition, ranging from small arms ammunition to artillery shells, missiles, and explosives. Additionally, private security firms may use firearms and ammunition for protection and security services, especially in regions where private security is prevalent.
Competitive Landscape
Northrop Grumman Corporation stands as a prominent American multinational enterprise specialising in aerospace and defence technology. Renowned globally, it ranks among the foremost defence contractors, offering an extensive array of goods and services to both government entities and commercial clients. This corporate entity came into being in 1994 after the merger of two significant players in the aerospace and defence sectors, Northrop Corporation and Grumman Corporation.
BAE Systems plc is a British multinational defence, security, and aerospace company. It is one of the largest defence contractors in the world, operating in the sector and offering a wide range of products and services to governments, armed forces, and commercial clients globally. The company has been involved in a range of high-profile projects, including the Eurofighter Typhoon, the F-35 Lightning II, the Astute-class submarines, and the Queen Elizabeth-class aircraft carriers.
General Dynamics Corp. is a prominent American multinational corporation specialising in aerospace and defence. It stands as one of the leading defence contractors worldwide, offering an extensive array of goods and services to governments, military entities, and commercial enterprises across the globe. General Dynamics actively engages in collaborations with various organisations, including government agencies, research institutions, and sector partners.
Other NATO ammunition market players include Rheinmetall AG, RWS GmbH, FN HERSTAL, S.A., CBC Global Ammunition, Nammo AS, AMMO, Inc., and MESKO S.A., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Calibre |
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| Breakup by Product |
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| Breakup by Weapon Platform |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Ammunition Market Overview
8.1 Key Industry Highlights
8.2 Global Ammunition Historical Market (2018-2023)
8.3 Global Ammunition Market Forecast (2024-2032)
8.4 Global Ammunition Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 NATO Ammunition Market Overview
9.1 Key Industry Highlights
9.2 NATO Ammunition Historical Market (2018-2023)
9.3 NATO Ammunition Market Forecast (2024-2032)
10 NATO Ammunition Market by Calibre
10.1 Small
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Medium
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Large
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 NATO Ammunition Market by Product
11.1 Rimfire
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Centrefire
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 NATO Ammunition Market by Weapon Platform
12.1 Aerial
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Terrestrial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Naval
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 NATO Ammunition Market by End Use
13.1 Defence
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Civil and Commercial
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 NATO Ammunition Market by Country
14.1 United States
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Germany
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 France
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 United Kingdom
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Canada
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Italy
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Trade Data Analysis (HS Code: - 9306)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Northrop Grumman Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 BAE Systems plc
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 General Dynamics Corp.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Rheinmetall AG
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 RWS GmbH
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 FN HERSTAL, S.A.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 CBC Global Ammunition
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Nammo AS
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 AMMO, Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 MESKO S.A.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ammunition Market: Key Industry Highlights, 2018 and 2032
2. NATO Ammunition Market: Key Industry Highlights, 2018 and 2032
3. NATO Ammunition Historical Market: Breakup by Calibre (USD Billion), 2018-2023
4. NATO Ammunition Market Forecast: Breakup by Calibre (USD Billion), 2024-2032
5. NATO Ammunition Historical Market: Breakup by Product (USD Billion), 2018-2023
6. NATO Ammunition Market Forecast: Breakup by Product (USD Billion), 2024-2032
7. NATO Ammunition Historical Market: Breakup by Weapon Platform (USD Billion), 2018-2023
8. NATO Ammunition Market Forecast: Breakup by Weapon Platform (USD Billion), 2024-2032
9. NATO Ammunition Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. NATO Ammunition Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. NATO Ammunition Historical Market: Breakup by Country (USD Billion), 2018-2023
12. NATO Ammunition Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. NATO Ammunition Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 7.48 billion.
The market is projected to grow at a CAGR of 3.2% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 9.97 billion by 2032.
The market is driven by the rapid ammunition technological advancements and the rising investment in ammunition from defence organisations.
The growing demand for non-lethal ammunition and the increasing popularity of smart or guided ammunition are expected to enhance the development of the market in the forecast period.
The major regional markets are the United States, Germany, France, the United Kingdom, Canada, and Italy, among others.
The different end-uses are defence and civil and commercial.
The key players in the market include Northrop Grumman Corporation, BAE Systems plc, General Dynamics Corp., Rheinmetall AG, RWS GmbH, FN HERSTAL, S.A., CBC Global Ammunition, Nammo AS, AMMO, Inc., and MESKO S.A., among others.
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