Large Caliber Ammunition Market Share

Market Share of Large Caliber Ammunition Industry

The market for large-caliber ammunition is moderately consolidated with few established players and local manufacturers of the ammunition supplied to various armed forces. Some prominent market players are General Dynamics, BAE Systems, Northrop Grumman, Rheinmetall AG, and Nexter group KNDS. Innovations in design, materials, lethality, etc., drive the market. Several companies are focusing on strengthening their local private and government-owned ammunition companies. Countries like Saudi Arabia, the United Arab Emirates, China, and India, are encouraging local manufacturing companies to cater to the need of their respective armed forces, thereby helping the local companies to increase their share in the market studied.

For instance, in May 2022, the United States army announced two contracts to procure 120 mm tank training ammunition. The Army awarded a contract worth USD 66.7 million to Northrop Grumman for 120 mm M1002 multi-purpose tank training rounds, 120 mm M865A1 new production kinetic energy rounds, and M1002 ammunition. Also, the US Army awarded another contract worth USD 50.8 million to General Dynamics Corporation for 120mm M865A1 new production kinetic energy rounds and 120 mm M1002 new production multi-purpose tank training rounds.

Large Caliber Ammunition Market Leaders

1. General Dynamics Corporation

2. Rheinmetall AG

3. BAE Systems PLC

4. Nexter Group

5. Northrop Grumman

*Disclaimer: Major Players sorted in no particular order