Small Caliber Ammunition Market Size Worth USD 11.67 Billion by 2034 | CAGR: 2.8%

The small caliber ammunition market size is expected to reach USD 11.67 billion by 2034, according to a new study by Polaris Market Research. The report “Small Caliber Ammunition Market Share, Size, Trends, Industry Analysis Report: By Caliber Type, Bullet Type, Lethality (Lethal and Less-Lethal), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The small caliber ammunition industry growth is driven by increased modernization of defense sectors that is increasing demand for innovative small caliber ammunition. The defense industries are investing in R&D that fosters modernization with the development of advanced technology such as smart ammunition, embedded sensors, and programmable capabilities. Furthermore, the creation of advanced ammunition has resulted in improved performance, lethality, and versatility, thus significantly boosting the defense sector. The growing demand for small caliber ammunition within defense industries is attributed to the development of modernized, high-lethality calibers.

The rising frequency of terrorist attacks and increasing crime rates have resulted in heightened security measures in various regions, leading to a surge in demand for pistols, rifles, and handguns equipped with small caliber ammunition. Small caliber ammunitions are versatile and easy to operate, making them ideal for enhancing security operations across diverse terrains such as urban areas, rural areas, and mountain trails. Moreover, maintaining a ready stock of these calibers for immediate response in areas at high risk of attacks has propelled the small caliber ammunition market demand.

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The growing popularity of small caliber ammunition in shooting and hunting activities is fueling the small caliber ammunition market expansion. Additionally, increasing government permits for civilian use of small caliber firearms is driving adoption across various sectors. Furthermore, the precision targeting associated with small caliber ammunition enhances hunting activities, leading to increased utilization, which is a key factor boosting market revenue.

Small Caliber Ammunition Market Report Highlights

• The 9 mm Parabellum segment, based on caliber type, is dominating the small caliber ammunition market share due to reduced recoil that facilitates on target acquisition.
• The copper segment, by bullet type, is expected to dominate the market due to its lightweight and enhanced penetration of bullets.
• North America is expected to dominate the global small caliber ammunition market revenue share during the forecast period due to the increased number of civil wars, geopolitical instability, and constant terrorist attacks.
• A few global key market players are ARSENAL JSCo; BAE Systems, Inc.; Denel SOC Ltd; FN Herstal (Herstal Group); General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation); Rosoboron export; MAXAMCorp Holding, S.L.; and others.

Polaris Market Research has segmented the small caliber ammunition market report on the basis of caliber type, bullet type, application, lethality, and region:

By Caliber Type Outlook (Revenue – USD Billion, 2020–2034)

• 9 mm Parabellum
• 5.56 mm
• 7.62 mm
• 12.7 mm
• 14.5 mm
• .338 Lapua Magnum
• .338 Norma Magnum
• Others

By Application Outlook (Revenue – USD Billion, 2020–2034)

• Military
• Homeland Security
• Civil & Commercial

By Bullet Type Outlook (Revenue – USD Billion, 2020–2034)

• Lead
• Copper
• Brass
• Others

By Lethality Outlook (Revenue – USD Billion, 2020–2034)

• Lethal
• Less-Lethal

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Small Caliber Ammunition Market Report Scope