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The global ammunition size market is set to gain momentum from the increasing usage of 9mm cartridge as compared to the other calibers. It is mainly occurring because of the ongoing technological advancement, as well as its ability to perform in a versatile way.

This information is provided by Fortune Business Insights™ in a recent report, titled, Ammunition Market Share & COVID-19 Impact Analysis; by Application (Military & Homeland Security, and Civil & Commercial) By Caliber (Small, Medium, and Large) By Product (Bullets, Aerial Bombs, Grenades, Mortars, Artillery Shells, and Others), By Component (Fuses& Primers, Gun Powder, Projectile, Cases, and Others) By Guidance (Guided, and Non-Guided) By Lethality (Lethal, and Less-Lethal) and Regional Forecast, 2020-2027.” The report further mentions that the global market size was USD 25.46 billion in 2019 is projected to reach USD 29.96 billion by 2027, exhibiting a CAGR of 1.71% during the forecast period from 2020 – 2027.

Browse Detailed Research Insights with Table of Content:

https://www.fortunebusinessinsights.com/ammunition-market-103481

Below are two of the significant industry developments:

  • September 2017: Black Hills Ammunition, a reloading supply manufacturing company based in South Dakota, received a contract worth USD 50 million from the U.S. Army to deliver its ammunition to the latter. The contract includes the delivery of 5.56mm long-range projectile for the U.S. combat forces.
  • April 2015: Orbital ATK, a provider of affordable precision weapons, military, and satellite components, headquartered in Virginia, bagged international and domestic contracts for target and tactical practice large- and medium-caliber projectile worth USD 120 million. The medium calibers include a wide range of products for LW30mm, 30mm, 25mm, and 20mm projectiles for usage in sea, land, and air platforms. 

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Read Press Release:

https://www.fortunebusinessinsights.com/press-release/global-ammunition-market-10175

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