Dublin, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific Large Caliber Ammunition Market: Focus on Caliber Type and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific large caliber ammunition market is projected to reach $1.65 billion by 2033 from $693.3 million in 2023, growing at a CAGR of 9.06% during the forecast period 2023-2033.
Large-caliber ammunition is a vital part of military arsenals in the APAC market, offering the necessary firepower to meet contemporary defense requirements. Tank, artillery, and naval ammunition are all included in this category; each has a specific purpose on the battlefield. Growing defense expenditures, intensifying geopolitical tensions, and improvements in military technology are driving the need for large-caliber bombs in the Asia-Pacific area, leading countries to give priority to the development and acquisition of cutting-edge munitions.
Important roles are played by top defense producers including Hanwha Corporation, Bharat Dynamics, and Mitsubishi Heavy Industries, who prioritize innovation and dependability to satisfy the changing military needs of the area. The demand for intelligent, precisely guided weapons is being driven by the increasing complexity of security threats.
Significant investments in large-caliber ammunition are driven by the APAC region's evolving military plans, which place an increasing focus on modernization and interoperability among ally forces. The market is expected to increase significantly, in line with the region's changing defense environment, and will include everything from next-generation tank munitions to sophisticated artillery.
The market for large-caliber ammunition in Asia-Pacific is expanding significantly due to rising defense spending, heightened geopolitical unrest, and quick developments in military technology. Tank, artillery, and naval rounds are examples of large-caliber ammunition that is vital to modern warfare since it provides the necessary firepower for both offensive and defensive operations. Leading the way in market expansion are nations like China, India, Japan, and South Korea, which are motivated by initiatives to improve regional security and modernize military capabilities.
The market is influenced by a significant emphasis on innovation, as seen by the rising need for next-generation and precision-guided bombs to meet the complexity of modern threats. With an emphasis on performance and dependability, major defense producers like Hanwha Corporation, Bharat Dynamics, and Mitsubishi Heavy Industries are spearheading improvements in ammunition technology.
As local armies give priority to interoperability and advanced capabilities, the APAC large-caliber ammunition market is set to grow significantly, adapting to the evolving demands of modern and future combat scenarios.
Market Segmentation:
Segmentation by Caliber Type
- Artillery Ammunition: 155mm, 105mm, and Others
- Tank Ammunition: 120mm, 105mm, and Others
- Mortar Ammunition: 60mm, 81mm, 120mm, and Others
- Naval Ammunition: 57mm, 76mm, and 127mm
Segmentation by Country
- China
- India
- South Korea
- Rest-of-Asia-Pacific
Report Scope:
Product/Innovation Strategy: The product segment helps the reader understand the different types of services available for deployment and their potential in Asia- Pacific region
Growth/Marketing Strategy: The Asia-Pacific large caliber ammunition market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been mergers and acquisitions to strengthen their position in the APAC large caliber ammunition market.
Competitive Strategy: Key players in the Asia-Pacific large caliber ammunition market analyzed and profiled in the study involve companies offering large caliber ammunition. Moreover, a detailed competitive benchmarking of the players operating in the APAC large caliber ammunition market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
Some prominent names established in this market are:
- ST Engineering
- Munitions India Limited (a Govt. of India Enterprise)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 46 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value (USD) in 2023 | $693.3 Million |
| Forecasted Market Value (USD) by 2033 | $1650 Million |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Asia Pacific |
Key Topics Covered:
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Overview
1.1.2 Smart Ammunition
1.1.3 Environment-Friendly Ammunition
1.1.4 Demand for Lightweight Ammunition
1.2 Supply Chain Overview
1.3 Market Dynamics Overview
1.3.1 Market Drivers
1.3.1.1 Rising Geopolitical Tensions
1.3.1.2 Technological Advancements
1.3.2 Market Challenges
1.3.2.1 Environmental Impact
1.3.2.2 Rise in Ammunition Smuggling
1.3.3 Market Opportunities
1.3.3.1 Smart Ammunition Development
1.3.3.2 Increase in Defense Budget
2 Regions
2.1 Regional Summary
2.2 Asia-Pacific
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Geographic Assessment
3.1.1 ST Engineering
3.1.2 Munitions India Limited(a Govt. of India Enterprise)
For more information about this report visit https://www.researchandmarkets.com/r/74xtf9
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