Market Share of Ammunition Industry
The ammunition market is fragmented, with the presence of several global and local ammunition manufacturing companies. However, the market is majorly dominated by large international players like BAE Systems, Rheinmetall, General Dynamics, and RUAG, while the rest of the market share is controlled majorly by players in local defense industries of several countries. To cater to the future demand, companies are involved in the research and development of new and advanced munitions that will allow the users to employ fire and forget type munitions and increase the lethality of weapons and the area of impact. Some of the suppliers of munitions are also working on extending the munition range and the impact area in preparation for future weapons systems and connected warfare. The countries are robustly investing in enhancing their local ammunition manufacturing capabilities. Players are expected to benefit from early unique munition development plans and domestic production capabilities in each of the major procuring countries, as these countries are working on developing indigenous models for both domestic and international consumption and are gaining market shares slowly but steadily.
Ammunition Market Leaders
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BAE Systems PLC
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Rheinmetall AG
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General Dynamics Corporation
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Nexter Group
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RUAG Group
*Disclaimer: Major Players sorted in no particular order
