Small Caliber Pestel Analysis PowerPoint PPT Presentations

Global small caliber ammunition market has gained its importance in military applications where it has been used against terrorist groups and enemy forces. Furthermore, companies are introducing latest technology weapons for the small caliber ammunition market that is gaining the importance among defense end users due to the advantages of enhanced lethality. Many defense forces across the world have engaged in contracts with various leading manufacturers for the production of a specific range of small caliber ammunition.

Global small caliber ammunition market has gained its importance in military applications where it has been used against terrorist groups and enemy forces. Furthermore, companies are introducing latest technology weapons for the small caliber ammunition market that is gaining the importance among defense end users due to the advantages of enhanced lethality. Many defense forces across the world have engaged in contracts with various leading manufacturers for the production of a specific range of small caliber ammunition.

Ammunition Market

Ammunition Market

More Information @ https://goo.gl/0C4dyK This market is broadly categorized into defense and civil application segments. Civil application includes self-defense, sports & hunting and law enforcement. Defense applications will continue to remain the dominant segment throughout the years. The segment is estimated to grow at over 2% CAGR and account for more than 50% of the ammunition market share by 2025.

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According to a recent study by Hexa Research Inc., the global ammunition market was worth USD 11.8 billion in 2015. It is expected to grow at a CAGR exceeding 2% from 2016 to 2024 (forecast period). This industry bears a huge economical impact all over the world. This may be owed to its significant contributions towards excise, state and federal taxes.