Ammunition is the material used in weapon systems to fire, drop, or detonate on the enemy troop. Ammunition include expendable weapons such as missiles, landmines, and bombs and components of weapons such as bullets. Ammunition is essential for any mechanical weapon.
One interesting fact about ammunition is that it is commonly labeled or colored in a specific manner so that it becomes easy to identify and prevent the usage of wrong type ammunition accidentally.
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Growth Trends of the Ammunition Market
The global terrorism Index report of 2020 reveals that in 2019, there were around 13,826 global deaths from terrorism. The rising terrorist attacks and threats across the world has increased the demand of ammunition in recent years. Terrorism had adverse impact on global population as well as economy increasing the need of ammunition across the world. These are the factors augmenting the growth of the global ammunition market in upcoming years.
Recent Developments of the Ammunition Market
According to a report published by Research Dive, the topmost players of the global ammunition market include Nexter KNDS group, General Dynamics Corporation, BAE Systems., Hornady Manufacturing, Elbit Systems Ltd., Sierra Bullets, Thales Group, Vista Outdoor Inc, Rheinmetall AG, and Ammo, Inc.
These industry players are investing a lot of efforts on the research and development of smart and unique strategies to sustain the growth of the market. These strategies include product launches, mergers and acquisitions, collaborations, partnerships, and refurbishing of existing technology. Some of the recent developments of the market are as follows:
- In April 2018, General Dynamics Corporation, US based aerospace company, completed its acquisition of CSRA Inc., a world leader in defense IT solution provider. The combined strength of CSRA and GDIT is providing innovative, competitive and captivating solutions to their customers.
- In August 2020, BAE Systems, a British aerospace company, completed its acquisition of the Collins Aerospace Military Global Positioning System (GPS) business.
It was a $1.925bn deal and was closed almost six months post BAE Systems’ definitive agreement with Raytheon Technologies, an American defense and aerospace collaborative, to acquire the GPS business.
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The acquisition is aimed at strengthening the portfolio of BAE Electronic Systems with the accumulation of GPS anti-jamming and anti-spoofing technology which are appropriate for military missions.
- In September 2021, Nexter Munitions, a French ammunition manufacturer, demonstrates its newly designed 120 SHARD® ammunition. This is a high-performance product. SHARD® is the next generation of APFSDS (Armor-Piercing Fin Stabilized Discarding Sabot) 120mm anti-tank ammunition, which is attuned with all contemporary battle tanks armed with NATO standard 120mm smoothbore guns.
- In November 19, 2019, AMMO, Inc., a leading premier manufacturer of American ammunition and munition mechanisms and technology, announced the effective launch of its patented ammunition manufacturing line of Hard Armor Piercing Incendiary (HAPI) and Armor Piercing (AP).
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COVID-19 Impact Analysis on the Market
The global ammunition market has been impacted in a moderate way during the coronavirus pandemic. The public health crisis reduced terrorist threats and attacks in countries. Governments started to focus on the health infrastructure and providing best facilities to their citizens. Because of the restrictions and lockdowns, the raw materials could not be transferred from one place to another. During the pandemic, most of the manufacturing companies continued their operations through digital communication systems. In post pandemic period, companies are expected to implement and use more of the emerging technologies to make the ammunition production efficient and smoother.
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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