Albany, New York, Oct. 8, 2014 (GLOBE NEWSWIRE) -- The report, titled "Ammunition (Defense, Homeland Security and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019", states that the global ammunition market, which valued US$9,235.8 million in 2012, will grow at a CAGR of 1.3% between 2013 and 2019, to acquire net worth of US$10,093.1 million by 2019. Territorial disputes in many nations in the recent years coupled with rising crime rates across the globe are fueling growth of the ammunitions market.
The report analyzes the global ammunitions market based on four major categories - types of ammunitions, most lucrative application areas for ammunitions market, popular products, and major regional market places for the ammunitions market.
Browse the full Global Ammunition Market report: http://www.transparencymarketresearch.com/ammunition-market.html
Major application areas studied by the report includes federal defense departments, air force, navy, army, special forces, federal security agencies, homeland security, private security agencies, R&D departments, fire services, and personal security. Amongst these, the segment federal defense departments comprised nearly 50% share of total global revenue generated by the ammunitions market in 2012.
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The threat of terrorism has plagued many nations across the world, making it necessary for federal defense departments to stay war-ready and attentive against such destructive forces. For this, federal defense departments employ a wide range of ammunitions such as small arms ammunitions, missiles, grenades, warheads, torpedoes, among others.
Amongst this variety of ammunition products, the segment small arm ammunitions has emerged as a leading market segment. This segment, together with warheads and missiles acquired nearly 54.2% share of total revenues collected by the global ammunitions market in 2012.
The report categorizes the segment ammunitions types into large, medium and small caliber ammunitions, naval ammunitions, mortar ammunitions, aircraft ammunitions and artillery ammunitions. Amongst these, the segments mortar ammunitions, artillery ammunitions, and large caliber ammunitions are emerging as potential growth drivers for the future ammunitions industry.
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Geography-wise, North America, the current lead revenue generator of the global ammunitions market, is expected to emerge as the largest market in the forecast period owing to rise in military spending by the country and rising popularity of sport-shooting and hunting activities. North America and Europe together had a 68% revenue share of the global ammunitions market in 2012.
The market space is highly concentrated - a few national and multinational ammunitions manufacturers with substantial resources and capital rule the market by acquiring major revenue shares. Companies such as Alliant Techsystems Inc., General Dynamics Corporation, and Rheinmetall AG together acquired nearly 38% market shares in 2012. Other important venders in the ammunitions market include companies such as Diehl (D, group and Defence BU), BAE Systems, Expal - Maxam group (SP), Nexter Systems, and EAS Hellenic Defence Systems - Pyrkal (GR), among others.
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