Global Medium Caliber Ammunition Market - Growth, Trends and Challenges (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 21, 2019--The “Medium Caliber Ammunition Market - Segmented By Application & Geography - Analysis of Growth, Trends and Challenges (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
Major factors driving the market are the unstable geopolitical climate and increasing threat of terrorism, which lead to increasing military and defense expenditures.
The United States allocated a budget of USD 611 billion during FY 2017, during which about USD 16 million were spent on medium caliber weapon systems. The medium calibre ammunition market is anticipated to grow at a CAGR of 1.88% during the forecast period 2018-2023.
Increasing Threat of Terrorism
From a broad perspective, it can be said that the world woke up to terrorism in 2001 when Al-Qaeda carried out its attack on the World Trade Center in New York City, United States. Ever since, terrorist activities have been on the rise, and have become the most pressing issue for decision-makers dealing with diplomatic and military operations.
On a global scale, Iraq emerged as the most vulnerable country to terrorist attacks. In 2016, there were approximately 2,415 terrorist incidents causing 6,960 deaths and 11,900 injuries.
Stringent laws and regulations serve as a deterrent for foreign companies trying to expand into other countries making it a restraint for medium caliber ammunition industry as its supply chains are not confined to a single nation.
Companies ProfiledRheinmetall AG General Dynamics Corporation BAE Systems PLC Denel SOC Ltd. Nexter Systems S.A. CBC Nammo AS Mesko Orbital ATK Inc.
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Medium Caliber Ammunition Market, Segmented by Application
6. Global Market Analysis
7. Competitive Landscape
8. Company Profiles
9. Future Market Outlook
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INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
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PUB: 01/21/2019 08:50 AM/DISC: 01/21/2019 08:50 AM