How big is the Weapons And Ammunition Market?

The Weapons And Ammunition Market size is expected to reach USD 64.51 billion in 2024 and grow at a CAGR of 7.51% to reach USD 92.66 billion by 2029. Read More

What is the current Weapons And Ammunition Market size?

In 2024, the Weapons And Ammunition Market size is expected to reach USD 64.51 billion. Read More

Who are the key players in Weapons And Ammunition Market?

BAE Systems plc, General Dynamics Corporation, MBDA, RTX Corporation and Kalashnikov Concern JSC are the major companies operating in the Weapons And Ammunition Market. Read More

Which is the fastest growing region in Weapons And Ammunition Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Weapons And Ammunition Market?

In 2024, the North America accounts for the largest market share in Weapons And Ammunition Market. Read More

What years does this Weapons And Ammunition Market cover, and what was the market size in 2023?

In 2023, the Weapons And Ammunition Market size was estimated at USD 59.67 billion. The report covers the Weapons And Ammunition Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Weapons And Ammunition Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Weapons And Ammunition Market Share

Statistics for the 2023 & 2024 Weapons And Ammunition market share, created by Mordor Intelligence™ Industry Reports. Weapons And Ammunition share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Weapons And Ammunition Industry

The global market for weapons and ammunition exhibits a high degree of fragmentation, with only a few vendors possessing the requisite technological prowess to produce and distribute military-grade weapons at a regional level. However, on a global scale, key players like BAE Systems PLC, General Dynamics Corporation, MBDA, RTX Corporation, and Kalashnikov Concern JSC collectively command a substantial market share.

The weapons landscape is witnessing the development of the Magneto Hydrodynamic Explosive Munition (MAHEM), which was spearheaded by the Defense Advanced Research Projects Agency (DARPA). Diverging from traditional chemical energy explosives used in crafting explosively formed jets and self-forging pens, MAHEM leverages a magnetic flux system to propel its projectile. This innovative approach equips MAHEM with achieving high projectile velocities and extended ranges, utilizing molten metal for enhanced penetration of armored vehicles, solidifying its battlefield prowess. Also, RTX Corporation is eyeing a significant shift, as it anticipates that by 2025, a third of its weapon sales will come from international buyers, up from 25% in the previous year. In 2022, the top five US weapons contractors collectively generated USD 196 billion in military revenue. RTX alone accounted for around USD 40 billion of this total.