Major factors driving the market are the unstable geopolitical climate and increasing threat of terrorism, which lead to increasing military and defense expenditures. The United States allocated a budget of USD 611 billion during FY 2017, during which about USD 16 million were spent on medium (30mm XM814, 30mm Mk310, 50mm PABM - Programmable Air-Bursting Munitions) caliber weapon systems.
The United States remains the biggest spender on military with an allocated budget of USD 824.6 billion for FY 2018. In the light of growing geopolitical friction between North Korea and the United States, spending on ammunition is expected to increase even further.
In the lethal medium caliber ammunition segment, 30 mm caliber is the most widely in use. The most common 30 mm gun mounts include the single barrel Oerlikon, Mk44 Bushmaster, and CRN-91. The 20 mm guns are relatively less popular, and are currently employed by Francs and Israel.
In the non-lethal (medium) caliber segment, sponge grenades used in 40 mm M320, M203, and M79, 40 mm Stinger rubber, and 40 mm Exact impacts are the most commonly used.
The protectionist policies of countries like India (Reserved Items and other Purchase/Price Preference Policy) and United States (Specialty Metals Restriction) and China, which favor domestic ammunition manufacturers over foreign players, are posing a restraint to the expansion of foreign companies in the segment.
The market is segmented into Non-Lethal and Lethal based on application of which Lethal occupied more than 80% of the market share. Based on geography, the market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa of which Asia pacific occupied the highest market share due to the presence of countries like China, India, Japan, and South Korea.
BAE Systems, Rheinmetall AG, and General Dynamics are the three largest companies in terms of revenue and have collectively occupied more than 50% market share in 2016. Rheinmetall AG also recorded the largest revenue for BIP type projectiles in the non-lethal munitions market for the medium caliber. Other major companies with significant market share are Orbital ATK, Denel, Nammo, Nexter and Mesko.
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
3. Executive Summary
4. Market Overview
4.2 Porters Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3. Threat of New Entrants
4.2.4 Threat of Substitute Products and Services
4.2.5 Competitive Rivalry Within the Industry
5. Market Dynamics
6. Global Medium Caliber Ammunitions Market, Segmented by Application
7. Global Medium Caliber Ammunition Market Segmentation by Geography
7.1 North America
7.1.1 United States
7.1.4 Rest of North America7.2 Europe
7.2.1 United Kingdom
7.2.5 Russia7.2.6 Rest of Europe
7.3.4 South Korea
7.3.5 Rest of Asia-Pacific
7.4 South America
7.4.3 Rest of South America
7.5 Middle East & Africa
7.5.1 Saudi Arabia
7.5.3 South Africa
7.5.5 Rest of Africa & Middle-East
8. Competitive Landscape
8.2 Market Share Analysis
9. Company Profiles
9.1 Rheinmetall Ag
9.2 General Dynamics Corporation
9.3 Bae Systems
9.5 Nexter Systems
9.6 Cbc Brazil
9.7 Nammo As
9.8 Mesko Sa
9.9 Orbital Atk