
South & Central America Ammunition Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided
Description
South & Central America Ammunition Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided), Lethality (Non-Lethal and Lethal), and Caliber [Small Caliber Ammunition (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, .45ACP, 338LM, 22LR, .223 Rem, and .308 Winchester), Medium Caliber Ammunition (20mm, 30mm, 40mm, and Others), and Large Caliber Ammunition (60mm, 105mm, 120mm, 150mm, and Others)]
The ammunition market in South & Central America is expected to grow from US$ 2,528.09 million in 2022 to US$ 3,270.05 million by 2028. It is estimated to grow at a CAGR of 4.4% from 2022 to 2028.
Technological Advancements Across Firearms Industry
Technological advancements in the firearm industry are generating huge demand for new and advanced ammunition across the world. It has been witnessed that the introduction of new guns and launchers has been rising over the past few years, which is increasing the demand for new and innovative firearm components. For instance, the introduction of longer 52 caliber barrels has led to an increased range of 155mm guns, which has been adopted by several armed forces such as army, navy, and air forces. These barrels are also likely to replace the traditional 39 caliber systems and cater to the low range challenges of such barrels.
Further, several projects launched by armed forces to introduce new guns and firearms are also likely to propel the introduction of new firearm parts that are expected to catalyze the ammunition market growth. Moreover, the use of composite materials in the missiles and guided munitions across different armed forces are expected to boost the market in the coming years.
Market Overview
The ammunition market in South America is bifurcated into Brazil and the Rest of South America. The Rest of South American countries include Argentina, Chile, Colombia, and others. South American countries have experienced a rise in military expenditure over the years. This growth is attributed to the rising government initiatives to strengthen their military and law enforcement agencies to protect against external and internal threats by acquiring advanced equipment and weapons across South American countries. South American countries such as Brazil, Peru, Argentina, Bolivia, and Colombia are involved in the production and export of munitions. This growth in ammunition trade across South America is also boosting the growth of the ammunition market in the region. The constant supply, availability, and proliferation of ammunition to civilians, law enforcement, and the military is one of the major factors driving the ammunition market in South America. Brazil and Argentina, for example, are involved in the production and export of ammunition. The expansion of the ammunition trade in South America is also boosting the market growth. Changing laws and regulations regarding civilian use of arms and ammunition are expected to provide growth opportunities for the SAM ammunition market during the forecast period. Major players in the South America ammunition market are CBC, FAMAE - Fábricas y Maestranzas del Ejército Todos Los Derechos Reservados, Aguila Ammunition, IMBEL, and OTIC-CAVIM. Most of the players are local players and state-owned enterprises, providing support of ammo to relevant local border guards, military personnel, and law enforcement officers, such as police officers. Global players can enter the South America market based on brand equity and capture a large market share with a few local players in the region. Further, ongoing ammunition deals and renewals with existing local state market players are likely to be an entry barrier for foreign players. Such involvement of local players in the ammunition market is driving the growth of ammo and creating the revenue for the South America region.
South & Central America Ammunition Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Ammunition Market Segmentation
The South & Central America ammunition market is segmented into product, application, guidance, lethality, caliber, and country.
The South & Central America 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 South & Central America ammunition market.
The South & Central America ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.
The South & Central America ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.
The South & Central America 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 Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the market in 2021.
BAE Systems, Elbit Systems Ltd, Northrop Grumman Corporation, Raytheon Technologies Corporation, and Thales Group are the leading companies operating in the ammunition market in the region.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America ammunition market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the South & Central America ammunition market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the ammunition market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The ammunition market in South & Central America is expected to grow from US$ 2,528.09 million in 2022 to US$ 3,270.05 million by 2028. It is estimated to grow at a CAGR of 4.4% from 2022 to 2028.
Technological Advancements Across Firearms Industry
Technological advancements in the firearm industry are generating huge demand for new and advanced ammunition across the world. It has been witnessed that the introduction of new guns and launchers has been rising over the past few years, which is increasing the demand for new and innovative firearm components. For instance, the introduction of longer 52 caliber barrels has led to an increased range of 155mm guns, which has been adopted by several armed forces such as army, navy, and air forces. These barrels are also likely to replace the traditional 39 caliber systems and cater to the low range challenges of such barrels.
Further, several projects launched by armed forces to introduce new guns and firearms are also likely to propel the introduction of new firearm parts that are expected to catalyze the ammunition market growth. Moreover, the use of composite materials in the missiles and guided munitions across different armed forces are expected to boost the market in the coming years.
Market Overview
The ammunition market in South America is bifurcated into Brazil and the Rest of South America. The Rest of South American countries include Argentina, Chile, Colombia, and others. South American countries have experienced a rise in military expenditure over the years. This growth is attributed to the rising government initiatives to strengthen their military and law enforcement agencies to protect against external and internal threats by acquiring advanced equipment and weapons across South American countries. South American countries such as Brazil, Peru, Argentina, Bolivia, and Colombia are involved in the production and export of munitions. This growth in ammunition trade across South America is also boosting the growth of the ammunition market in the region. The constant supply, availability, and proliferation of ammunition to civilians, law enforcement, and the military is one of the major factors driving the ammunition market in South America. Brazil and Argentina, for example, are involved in the production and export of ammunition. The expansion of the ammunition trade in South America is also boosting the market growth. Changing laws and regulations regarding civilian use of arms and ammunition are expected to provide growth opportunities for the SAM ammunition market during the forecast period. Major players in the South America ammunition market are CBC, FAMAE - Fábricas y Maestranzas del Ejército Todos Los Derechos Reservados, Aguila Ammunition, IMBEL, and OTIC-CAVIM. Most of the players are local players and state-owned enterprises, providing support of ammo to relevant local border guards, military personnel, and law enforcement officers, such as police officers. Global players can enter the South America market based on brand equity and capture a large market share with a few local players in the region. Further, ongoing ammunition deals and renewals with existing local state market players are likely to be an entry barrier for foreign players. Such involvement of local players in the ammunition market is driving the growth of ammo and creating the revenue for the South America region.
South & Central America Ammunition Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Ammunition Market Segmentation
The South & Central America ammunition market is segmented into product, application, guidance, lethality, caliber, and country.
The South & Central America 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 South & Central America ammunition market.
The South & Central America ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.
The South & Central America ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.
The South & Central America 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 Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the market in 2021.
BAE Systems, Elbit Systems Ltd, Northrop Grumman Corporation, Raytheon Technologies Corporation, and Thales Group are the leading companies operating in the ammunition market in the region.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America ammunition market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the South & Central America ammunition market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the ammunition market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
138 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. SAM Ammunition Market Landscape
- 4.1 Market Overview
- 4.2 Porter’s Five Forces Analysis
- 4.2.1 Bargaining Power of Buyers
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Threat to New Entrants
- 4.2.4 Threat to Substitutes
- 4.2.5 Competitive Rivalry
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. SAM Ammunition Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 High Procurement of Ammunitions Owing to Rising Budgets
- 5.1.2 Introduction of Lightweight Ammunitions
- 5.2 Key Market Restraints
- 5.2.1 Shortage of Ammunition After FY 2020
- 5.3 Future Trends
- 5.3.1 Technological Advancements Across Firearms Industry
- 5.4 Impact Analysis of Drivers and Restraints
- 6. Ammunition Market – SAM Analysis
- 6.1 SAM Ammunition Market Forecast and Analysis
- 7. SAM Ammunition Market Analysis – by Product
- 7.1 Overview
- 7.2 SAM Ammunition Market Breakdown, by Product, 2021 and 2028
- 7.3 Bullets
- 7.3.1 Overview
- 7.3.2 Bullets: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 7.4 Aerial Bomb
- 7.4.1 Overview
- 7.4.2 Aerial Bomb: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 7.5 Grenades
- 7.5.1 Overview
- 7.5.2 Grenades: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 7.6 Artillery Shells
- 7.6.1 Overview
- 7.6.2 Artillery Shells: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 7.7 Mortars
- 7.7.1 Overview
- 7.7.2 Mortars: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 8. SAM Ammunition Market Analysis – by Application
- 8.1 Overview
- 8.2 SAM Ammunition Market Breakdown, by Application, 2021 and 2028
- 8.3 Defense
- 8.3.1 Overview
- 8.3.2 Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Commercial
- 8.4.1 Overview
- 8.4.2 Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- 9. SAM Ammunition Market Analysis – by Guidance
- 9.1 Overview
- 9.2 SAM Ammunition Market Breakdown, by Guidance, 2021 and 2028
- 9.3 Guided
- 9.3.1 Overview
- 9.3.2 Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 9.4 Non-Guided
- 9.4.1 Overview
- 9.4.2 Non-Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 10. SAM Ammunition Market Analysis – by Lethality
- 10.1 Overview
- 10.2 SAM Ammunition Market Breakdown, by Lethality, 2021 and 2028
- 10.3 Non-Lethal
- 10.3.1 Overview
- 10.3.2 Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- 10.4 Lethal
- 10.4.1 Overview
- 10.4.2 Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- 11. SAM Ammunition Market Analysis – by Caliber
- 11.1 Overview
- 11.2 SAM Ammunition Market Breakdown, by Caliber, 2021 and 2028
- 11.3 Small Caliber Ammunition
- 11.3.1 Overview
- 11.3.2 Small Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 11.4 Medium Caliber Ammunition
- 11.4.1 Overview
- 11.4.2 Medium Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 11.5 Large Caliber Ammunition
- 11.5.1 Overview
- 11.5.2 Large Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
- 12. SAM Ammunition Market – Country Analysis
- 12.1 Overview
- 12.1.1 SAM: Ammunition Market, by Key Country
- 12.1.1.1 Brazil: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- 12.1.1.1.1 Brazil: Ammunition Market, by Product
- 12.1.1.1.2 Brazil: Ammunition Market, by Application
- 12.1.1.1.3 Brazil: Ammunition Market, by Guidance
- 12.1.1.1.4 Brazil: Ammunition Market, by Lethality
- 12.1.1.1.5 Brazil: Ammunition Market, by Caliber
- 12.1.1.1.5.1 Brazil: Ammunition Market, by Small Caliber Ammunition
- 12.1.1.1.5.2 Brazil: Ammunition Market, by Medium Caliber Ammunition
- 12.1.1.1.5.3 Brazil: Ammunition Market, by Large Caliber Ammunition
- 12.1.1.2 Rest of SAM: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- 12.1.1.2.1 Rest of SAM: Ammunition Market, by Product
- 12.1.1.2.2 Rest of SAM: Ammunition Market, by Application
- 12.1.1.2.3 Rest of SAM: Ammunition Market, by Guidance
- 12.1.1.2.4 Rest of SAM: Ammunition Market, by Lethality
- 12.1.1.2.5 Rest of SAM: Ammunition Market, by Caliber
- 12.1.1.2.5.1 Rest of SAM: Ammunition Market, by Small Caliber Ammunition
- 12.1.1.2.5.2 Rest of SAM: Ammunition Market, by Medium Caliber Ammunition
- 12.1.1.2.5.3 Rest of SAM: Ammunition Market, by Large Caliber Ammunition
- 13. Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.3 New Product Development
- 14. Company Profiles
- 14.1 Northrop Grumman Corporation
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 BAE Systems
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 Elbit Systems Ltd.
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 Raytheon Technologies Corporation
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Thales Group
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 15. Appendix
- 15.1 About The Insight Partners
- 15.2 Word Index
- LIST OF TABLES
- Table 1. SAM Ammunition Market, Revenue and Forecast, 2020–2028 (US$ Million)
- Table 2. Brazil: Ammunition Market, by Product – Revenue and Forecast to 2028 (US$ Million)
- Table 3. Brazil: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
- Table 4. Brazil: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
- Table 5. Brazil: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
- Table 6. Brazil: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
- Table 7. Brazil: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
- Table 8. Brazil: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
- Table 9. Brazil: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
- Table 10. Rest of SAM: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of SAM: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of SAM: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of SAM: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
- Table 14. Rest of SAM: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
- Table 15. Rest of SAM: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
- Table 16. Rest of SAM: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
- Table 17. Rest of SAM: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
- Table 18. List of Abbreviation
- LIST OF FIGURES
- Figure 1. SAM Ammunition Market Segmentation
- Figure 2. SAM Ammunition Market Segmentation – By Country
- Figure 3. SAM Ammunition Market Overview
- Figure 4. SAM Ammunition Market, By Product
- Figure 5. SAM Ammunition Market, By Application
- Figure 6. SAM Ammunition Market, By Country
- Figure 7. Porter’s Five Forces Analysis
- Figure 8. SAM Ammunition Market- Ecosystem Analysis
- Figure 9. Expert Opinion
- Figure 10. SAM Ammunition Market: Impact Analysis of Drivers and Restraints
- Figure 11. SAM Ammunition Market, Forecast and Analysis (US$ Million)
- Figure 12. SAM Ammunition Market Revenue Share, by Product (2021 and 2028)
- Figure 13. SAM Bullets: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. SAM Aerial Bomb: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 15. SAM Grenades: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. SAM Artillery Shells: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. SAM Mortars: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 18. SAM Others: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 19. SAM Ammunition Market Revenue Share, by Application (2021 and 2028)
- Figure 20. SAM Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. SAM Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. SAM Ammunition Market Revenue Share, by Guidance (2021 and 2028)
- Figure 23. SAM Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 24. SAM Non-Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 25. SAM Ammunition Market Revenue Share, by Lethality (2021 and 2028)
- Figure 26. SAM Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 27. SAM Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 28. SAM Ammunition Market Revenue Share, by Caliber (2021 and 2028)
- Figure 29. SAM Small Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 30. SAM Medium Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 31. SAM Large Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 32. SAM: Ammunition Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 33. SAM: Ammunition Market Revenue Share, by Key Country (2021 and 2028)
- Figure 34. Brazil: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 35. Rest of SAM: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.