Medium Caliber Ammunition Market Size (2024 - 2029)

The Medium Caliber Ammunition Market is projected to experience growth driven by increased military spending due to geopolitical tensions and border issues. This expansion is fueled by the procurement and upgrade activities of armed forces, which are investing in new generation platforms across land, air, and sea. The demand for medium caliber ammunition is expected to rise as contracts for military vehicles and equipment equipped with medium caliber turret guns are anticipated. Additionally, protectionist strategies in some countries aim to safeguard the domestic ammunition industry, impacting foreign market expansion.

Home Market Analysis Aerospace & Defense Research Defense Research Weapons and Ammunition Research Ammunition Research Medium Caliber Ammunition Market Market Size

Market Size of Medium Caliber Ammunition Industry

Medium Caliber Ammunition Market Overview
Study Period 2019 - 2029
Market Size (2024) USD 1.24 Billion
Market Size (2029) USD 1.37 Billion
CAGR (2024 - 2029) 2.16 %
Fastest Growing Market Asia-Pacific
Largest Market Asia Pacific

Major Players

Medium Caliber Ammunition Market Major Players

*Disclaimer: Major Players sorted in no particular order

Medium Caliber Ammunition Market Analysis

The Medium Caliber Ammunition Market size is estimated at USD 1.24 billion in 2024, and is expected to reach USD 1.37 billion by 2029, growing at a CAGR of 2.16% during the forecast period (2024-2029).

  • The growing geopolitical issues and border tensions have led to robust growth in military spending of the countries. This is propelling the investment of armed forces into new generation land, air, and sea platforms. This is expected to drive the growth of the market in the coming years.
  • The medium-caliber ammunition market is expected to grow primarily due to the procurement and upgrade activities undertaken by armed forces to counter the emerging threats. Several contracts for naval vessels, military aircraft, helicopters, infantry fighting vehicles (IFVs), and armored personnel carriers (APCs) mounted with medium caliber turret guns are currently underway, and many new contracts are anticipated to be dispersed during the forecast period, creating a parallel demand for medium caliber ammunition.
  • Few countries follow a protectionist strategy to protect the domestic ammunition industry against foreign monopoly. Such laws and regulations serve as a deterrent for foreign companies trying to expand into other countries.

Medium Caliber Ammunition Industry Segmentation

Ammunition with caliber sizes in the range of 20mm to 60mm is termed medium caliber ammunition. The scope of the study includes all types of lethal and non-lethal medium caliber ammunition, and rockets, specifically the ones with caliber sizes of 20mm, 25mm, 30mm, 40mm and 60 mm. Thus, medium calibered counter-rocket, artillery, mortar (C-RAM) weapon system ammunition, small cannons, high-explosive (HE) rounds, armor-piercing (AP) rounds, illumination, smoke, anti-personnel, and training cartridges are within the purview of the study. The market is segmented based on application into lethal and non-lethal. The report also covers the market sizes and forecasts for the market in major countries across different regions. The market sizing and forecasts have been provided in value (USD million). 

Application
Lethal
Non-lethal
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Colombia
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Qatar
Rest of Middle East & Africa
Need A Different Region Or Segment?
Customize Now

Medium Caliber Ammunition Market Size Summary

The medium caliber ammunition market is poised for steady growth over the forecast period, driven by increasing military expenditures and modernization efforts across various countries. Geopolitical tensions and border disputes have prompted nations to invest heavily in advanced military platforms, including land, air, and sea assets, which in turn fuels the demand for medium caliber ammunition. The market is characterized by a strong focus on procurement and upgrades by armed forces to address emerging threats, with numerous contracts for naval vessels, military aircraft, and armored vehicles underway. The dominance of lethal ammunition, used extensively by military and law enforcement agencies, is expected to continue as security threats escalate. The integration of medium caliber weapons on a wide range of military platforms, from heavy machine guns to air defense systems, underscores the critical role of this ammunition in modern warfare.

The Asia-Pacific region is anticipated to experience rapid market growth, driven by increased defense spending in countries like India, China, Japan, and South Korea. These nations are enhancing their military capabilities in response to geopolitical tensions and terror threats, with significant investments in aircraft, naval vessels, and armored vehicles. The market is also witnessing a shift as local players in regions such as North America, the Middle East, and Asia challenge global defense giants by offering cost-effective solutions without compromising quality. This competitive landscape is further influenced by geopolitical sanctions, prompting countries to bolster their domestic production of medium caliber ammunition. The market's growth is supported by strategic initiatives, such as the establishment of new manufacturing facilities, which aim to meet the rising demand for both small and medium caliber ammunition.

Explore More

Medium Caliber Ammunition Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Lethal

      2. 2.1.2 Non-lethal

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Russia

        5. 2.2.2.5 Italy

        6. 2.2.2.6 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 India

        3. 2.2.3.3 Japan

        4. 2.2.3.4 South Korea

        5. 2.2.3.5 Rest of Asia-Pacific

      4. 2.2.4 Latin America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Colombia

        3. 2.2.4.3 Rest of Latin America

      5. 2.2.5 Middle East & Africa

        1. 2.2.5.1 United Arab Emirates

        2. 2.2.5.2 Saudi Arabia

        3. 2.2.5.3 South Africa

        4. 2.2.5.4 Qatar

        5. 2.2.5.5 Rest of Middle East & Africa

Medium Caliber Ammunition Market Size FAQs

The Medium Caliber Ammunition Market size is expected to reach USD 1.24 billion in 2024 and grow at a CAGR of 2.16% to reach USD 1.37 billion by 2029.

In 2024, the Medium Caliber Ammunition Market size is expected to reach USD 1.24 billion.

Medium Caliber Ammunition Market Report Snapshots

Medium Caliber Ammunition Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)