How big is the NATO Ammunition Market?

The NATO Ammunition Market size is expected to reach USD 8.41 billion in 2024 and grow at a CAGR of 3.78% to reach USD 10.13 billion by 2029. Read More

What is the current NATO Ammunition Market size?

In 2024, the NATO Ammunition Market size is expected to reach USD 8.41 billion. Read More

Who are the key players in NATO Ammunition Market?

Rheinmetall AG, Olin Corporation, General Dynamics Corporation, Northrop Grumman Corporation and BAE Systems plc are the major companies operating in the NATO Ammunition Market. Read More

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

In 2023, the NATO Ammunition Market size was estimated at USD 8.09 billion. The report covers the NATO Ammunition Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the NATO Ammunition Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

NATO Ammunition Market - Size, Share & Analysis

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

The NATO Ammunition Market Report is Segmented by Caliber Size (Small, Medium, and Large), Weapon Platform (Aerial, Terrestrial, and Naval), and Geography (United States, United Kingdom, Canada, Italy, Germany, France, and Rest of NATO Countries). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

NATO Ammunition Industry Overview

The NATO ammunition market is consolidated, with a few global players holding the most significant shares. Some of the major players in the market are Rheinmetall AG, General Dynamics Corporation, BAE Systems PLC, Northrop Grumman Corporation, and Olin Corporation.

Key OEMs in the market are investing heavily in R&D and introducing advanced ammunition for defense forces. The OEMs focus on long-term contracts, agreements, and partnerships with defense forces to expand their businesses. For instance, in April 2024, Rheinmetall received a contract to supply a European member of NATO with multiple rocket launcher ammunition. The delivery will take place from 2024 to 2027. The contract was valued at around EUR 300 million. Rheinmetall Expal Munitions of Spain will manufacture and deliver the rockets with a maximum range of 300 km.