How big is the Asia-Pacific Ammunition Market?

The Asia-Pacific Ammunition Market size is expected to reach USD 2.57 billion in 2024 and grow at a CAGR of 4.83% to reach USD 3.26 billion by 2029. Read More

What is the current Asia-Pacific Ammunition Market size?

In 2024, the Asia-Pacific Ammunition Market size is expected to reach USD 2.57 billion. Read More

Who are the key players in Asia-Pacific Ammunition Market?

Rheinmetall AG, BAE Systems plc, Poongson Corporation, General Dynamics Corporation and Singapore Technologies Engineering Ltd. are the major companies operating in the Asia-Pacific Ammunition Market. Read More

What years does this Asia-Pacific Ammunition Market cover, and what was the market size in 2023?

In 2023, the Asia-Pacific Ammunition Market size was estimated at USD 2.45 billion. The report covers the Asia-Pacific Ammunition Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Ammunition Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Asia-Pacific Ammunition Market Share

Statistics for the 2023 & 2024 Asia-Pacific Ammunition market share, created by Mordor Intelligence™ Industry Reports. Asia-Pacific 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 Asia-Pacific Ammunition Industry

The Asia-Pacific ammunition market is semi-consolidated, with several local and global players holding significant shares in the market. Some of the major players in the market are Rheinmetall AG, BAE Systems PLC, Poongson Corporation, Singapore Technologies Engineering Ltd, and General Dynamics Corporation.

The companies are currently focusing on designing and developing advanced ammunition for defense forces. In August 2022, the Indian Navy received the first-ever fully made-in-India 30-mm ammunition. Economic Explosives Ltd developed the ammunition expected to be used in the AK-630 guns fitted on warships. Countries like China, India, South Korea, Singapore, and Indonesia support local players to facilitate the requirements of their armed forces and law enforcement agencies, driving the market's growth.