How big is the ammunition market | Market Insights & Global Outlook 2025

Q: What is the current size of the ammunition market?

The ammunition market was estimated at USD 21.4 billion in 2024 and is projected to reach USD 45.1 billion by 2031.

Q: What factors drive the growth of ammunition market?

The ammunition market is driven by heightened national defense policies and innovation in ammunition types.

Q: What is the role of civilian market in ammunition demand?

The civilian segment, including shooting sports and personal safety, represents a growing share of the overall demand.

Q: Who are the leading companies in the ammunition market?

General Dynamics Ordnance and Tactical Systems, Rheinmetall AG, BAE Systems, Northrop Grumman Corporation, Vista Outdoor Inc., and others.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA4999

Publication Date: Jul 2025

How Big Is the Ammunition Market?

According to 6Wresearch internal database and industry insights, the Global ammunition market was estimated at USD 21.4 billion in 2024 and is projected to reach USD 45.1 billion by 2031, expanding at a CAGR of 8.4%.

This growth can be attributed to rising defense budgets, increased geopolitical tensions, and surging demand for civilian use in sport shooting and hunting activities. Technological upgrades in ammunition such as guided projectiles and environment-friendly bullets are further propelling the market expansion.

Growth Factors of the Ammunition Market

Rising global security concerns and border tensions prompting defense procurements.
Growing interest in recreational shooting and competitive sports across developed nations.
Expansion of defense modernization programs, especially in Asia-Pacific and Middle East.
Technological upgradations in ammunition manufacturing and ballistics performance.
Surging demand for non-lethal ammunition for crowd control and law enforcement.
Increasing adoption of green ammunition to meet regulatory and environmental standards.

Ammunition Market Trends

Ammunition Market is undergoing noteworthy transformation with key trends such as defense agencies focusing on lightweight, high-impact rounds and specialized munitions. Manufacturers are integrating smart technology into conventional rounds, and civilian demand is seeing a shift toward personalized ammunition types. Innovations in material science and logistics are also contributing to a more agile and responsive supply chain for both military and commercial end-users.

Emerging Developments in Ammunition Market

The ammunition market is rapidly embracing the advent of key developments, including the introduction of programmable munitions, reduced-lead or lead-free bullets, and advanced propellant systems. Defense contractors are increasingly collaborating with tech firms to produce intelligent ammunition that adjusts trajectory mid-flight. Additionally, nations are investing in domestic ammunition production to reduce import dependency, while demand from law enforcement for less-lethal options is accelerating global diversification.