Market Share of Asia-Pacific Medium And Large Caliber Ammunition Industry
The Asia-Pacific medium- and large-caliber ammunition market is fragmented, with many regional players supporting various armed forces. Some prominent market players are Bharat Electronics Limited (BEL), Poongsan Corporation, Rheinmetall AG, Saab AB, and Singapore Technologies Engineering Ltd.
The international players in the market are forming partnerships with governments, constructing new production facilities, and increasing their presence in the region. The growth is subjective to several associative factors, such as allocating funds to procure new equipment. It may be adversely affected by the rapid technological advances resulting in the effective life of a newly developed technology. Local players have honed their technology and product design skills over the years, enabling them to offer ammunition of comparable quality at more competitive prices. This development challenges the growth of established regional players and is anticipated to heighten market competition during the forecast period.
Asia-Pacific Medium And Large Caliber Ammunition Market Leaders
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Poongsan Corporation
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Saab AB
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Rheinmetall AG
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Singapore Technologies Engineering Ltd.
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Bharat Electronics Limited (BEL)
*Disclaimer: Major Players sorted in no particular order
