Global Medium And Large Caliber Ammunition Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Medium Caliber and Large Caliber

By Technology;

Traditional and Smart Ammunition

By Distribution Channel;

Direct Sales and Online Sales

By Application;

Small Arms and Light Weapons, Rocket-Propelled Grenade, Tank, Naval Guns, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn960100112 Published Date: May, 2025 Updated Date: June, 2025

Medium And Large Caliber Ammunition Market Overview

Medium And Large Caliber Ammunition Market (USD Million)

Medium And Large Caliber Ammunition Market was valued at USD 1,903.56 million in the year 2024. The size of this market is expected to increase to USD 2,538.87 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.


Global Medium And Large Caliber Ammunition Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.2 %
Market Size (2024)USD 1,903.56 Million
Market Size (2031)USD 2,538.87 Million
Market ConcentrationHigh
Report Pages317
1,903.56
2024
2,538.87
2031

Major Players

  • Northrop Grumman
  • General Dynamics
  • Nammo
  • Nexter
  • BAE Systems
  • Poongsan Corporation
  • Elbit Systems
  • Day & Zimmermann
  • Rheinmetall
  • Rostec
  • National Presto
  • NORINCO
  • CSGC

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Medium And Large Caliber Ammunition Market

Fragmented - Highly competitive market without dominant players


The Medium And Large Caliber Ammunition Market is undergoing a transformation with notable focus on precision engineering, which accounts for nearly 32% of technological advancements. In parallel, production capacity upgrades contribute approximately 28%, accommodating the increasing demand for reliable ammunition systems.

Technological Integration
The integration of smart guidance systems in medium and large caliber ammunition has risen by about 34%, enhancing accuracy and efficiency. Additionally, automated manufacturing technologies have driven around 26% of growth, ensuring production consistency and operational excellence.

Operational Efficiency
The market has witnessed an approximate 31% improvement in operational dependability due to enhanced material durability and propellant performance. The incorporation of modular components in large caliber ammunition is responsible for approximately 27% of technical improvements, simplifying assembly and logistics.

Demand Drivers
The surge in precision-guided munitions demand, contributing nearly 30%, highlights an emphasis on precision and advanced targeting capabilities. At the same time, military modernization efforts are driving procurement growth by about 25%, indicating a clear focus on sophisticated ammunition solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Medium And Large Caliber Ammunition Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Defense Budgets
        2. Modernization Programs
        3. Rising Threat Landscape
        4. Global Military Operations
      2. Restraints
        1. Intermittency and Reliability
        2. Infrastructure Limitations
        3. Policy Uncertainty
        4. Competition from Alternative Technologies
        5. Supply Chain Disruptions
      3. Opportunities
        1. Focus on Precision-guided Munitions
        2. Partnerships and Collaborations
        3. Diversification of Product Portfolio
        4. Investment in Research and Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Medium And Large Caliber Ammunition Market, By Type, 2021 - 2031 (USD Million)
      1. Medium Caliber
      2. Large Caliber
    2. Medium And Large Caliber Ammunition Market, By Technology, 2021 - 2031 (USD Million)

      1. Traditional

      2. Smart Ammunition

    3. Medium And Large Caliber Ammunition Market, By Distribution Channel, 2021 - 2031 (USD Million)

      1. Direct Sales

      2. Online Sales.

    4. Medium And Large Caliber Ammunition Market, By Application, 2021 - 2031 (USD Million)
      1. Small Arms and Light Weapons
      2. Rocket-Propelled Grenade
      3. Tank
      4. Naval Guns
      5. Others
    5. Medium And Large Caliber Ammunition Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Northrop Grumman
      2. General Dynamics
      3. Nammo
      4. Nexter
      5. BAE Systems
      6. Poongsan Corporation
      7. Elbit Systems
      8. Day & Zimmermann
      9. Rheinmetall
      10. Rostec
      11. National Presto
      12. NORINCO
      13. CSGC
  7. Analyst Views
  8. Future Outlook of the Market