Asia Pacific Ammunition Market

The ammunition market in Asia Pacific is expected to grow from US$ 11,459.82 million in 2022 to US$ 21,807.50 million by 2028. It is estimated to grow at a CAGR of 11.3% from 2022 to 2028. 

Rising Demand for Guided Ammunitions from Emerging Countries 

The introduction of guided munitions has been boosting the adoption of guided ammunitions worldwide. As several countries have been pushing their capabilities to increase their firepower and strengthen their armed forces, the demand for advanced weaponry systems has been on the rise, which is likely to generate huge opportunities for the ammunition market. For instance, in 2019, a country in Asia Pacific awarded a US$ 30 million contract to Elbit Systems for the procurement of STYLET-guided mortar ammunitions. Similarly, in 2022, Bharat Dynamics Limited (BDL) announced that it had won a contract worth US$ 394 million to supply Konkurs-M anti-tank guided missiles to the Indian Army. Moreover, in 2022, the US Navy awarded a US$ 217 million contract to Raytheon Technologies for the procurement of Tomahawk guided cruise missiles. This is likely to generate new market opportunities for market vendors during the forecast period. 

Market Overview 

Based on country, the Asia Pacific ammunition market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The region is anticipated to be the second largest market for military ammunition and possesses the highest number of arms-producing nations. The region has witnessed considerable growth in arms manufacturing regarding the value of price, types of weapon systems, and particularly national ambitions for such ammo manufacturing. As a result, there has been a substantial investment in national defense technological and industrial bases. Military spending in the Asia Pacific is driven by major procurement programs for ammo formulated by governments of various countries such as India, China, Australia, and South Korea. These countries are focusing on the indigenous development of firearms, which is further expected to increase of more expenditure on military ammunition over the forecast period. 

The military and other law enforcement organizations in APAC have been encouraged to acquire weapons to maintain public safety due to increased civilian unrest in the region. An increase in terrorist attacks in the region has surged the procurement of weapons by the regional law enforcement agencies to prevent such security lapses and the resultant loss of both lives and property. The demand for new weapons is driving the need for ammunition as weapons are configured to work with specifically sized calibers. Additionally, the ongoing modernization of the armed forces in the region is anticipated to boost the demand for ammunition. 

Asia Pacific Ammunition Market Revenue and Forecast to 2028 (US$ Million) 

Asia Pacific Ammunition Strategic Insights

Strategic insights for the Asia Pacific Ammunition provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Ammunition Report Scope

Asia Pacific Ammunition Regional Insights

The geographic scope of the Asia Pacific Ammunition refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Asia Pacific Ammunition Market Segmentation 

The Asia Pacific ammunition market is segmented into product, application, guidance, lethality, caliber, and country. 

The Asia Pacific ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market. 

The ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the Asia Pacific ammunition market. 

The Asia Pacific ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021. 

The Asia Pacific ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021. 

The Asia Pacific ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021. 

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market in 2021. 

BAE Systems, Elbit Systems Ltd, NAMMO AS, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, RUAG Group, Thales Group, and Vista Outdoor Operations LLC are the leading companies operating in the ammunition market in the region.