TechNavio recognizes the following companies as the key players in the Global Ammunition Market: Alliant Techsystems Inc., BAE Systems plc, General Dynamics Corp., and NEXTER Group.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Defense industry is investing extensively in R&D activities. This has resulted in the development of technologies that can help augment the endurance and survivability of army weapons in hard atmospheric conditions. As a result of emerging technologies and changing environments, DODs of different countries are investing in new and improved ammunition. For instance, there is a rise in the demand for guns that require low maintenance and do not become heated up. Therefore, with the increase in R&D, the demand for the advanced ammunition is also increasing.”
According to the report, one of the major drivers in this market is the increase in the global defense budget. With the increase in the global defense budget the demand for ammunition is also expected to increase.
Further, the report states that one of the major challenges in this market is the increase in the prices of raw materials. The rise in the raw material prices has resulted in pricing pressure for ammunition manufacturers and they are forced to pass on the increased cost to the customers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-ammunition-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Ammunition Market 2012-2016
