Medium Caliber Ammunition Market

By Type;

Full Metal Jacket (FMJ), Hollow Point (HP), Soft Point (SP), Lead Round Nose (LRN) and Ball

By Application;

Military, Law Enforcement, Civilian, Sporting and Hunting

By Material Composition;

Copper, Lead, Steel, Nickel and Others

By Packaging Type;

Bulk Packaging, Boxed Ammunition, Clip-Based Packaging, Banded Packaging and Custom Packaging

By Caliber Size;

7.62 mm, 5.56 mm, 9 mm, 12 mm and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn363570653 Published Date: September, 2025 Updated Date: October, 2025

Medium Caliber Ammunition Market Overview

Medium Caliber Ammunition Market (USD Million)

Medium Caliber Ammunition Market was valued at USD 1,167.11 million in the year 2024. The size of this market is expected to increase to USD 1,340.64 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.0%.


Medium Caliber Ammunition Market

*Market size in USD million

CAGR 2.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)2.0 %
Market Size (2024)USD 1,167.11 Million
Market Size (2031)USD 1,340.64 Million
Market ConcentrationHigh
Report Pages313
1,167.11
2024
1,340.64
2031

Major Players

  • General Dynamics Corporation
  • BAE Systems PLC
  • Rheinmetall AG
  • Northrop Grumman Corporation
  • Nammo AS
  • Denel SOC Ltd
  • Nexter Systems KNDS
  • Mesko and CBC

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Medium Caliber Ammunition Market

Fragmented - Highly competitive market without dominant players


The Medium Caliber Ammunition Market is witnessing strong growth, fueled by defense modernization, rising budgets, and the increasing demand for operational readiness. Nearly 61% of armed forces now depend on medium caliber ammunition to strengthen tactical capabilities and ensure reliable performance in dynamic combat scenarios. This underscores the pivotal role of such ammunition in advancing modern defense strategies.

Growing Defense Modernization
Defense programs worldwide are prioritizing upgraded ammunition systems, with about 54% of modernization efforts centering on medium caliber weaponry. These upgrades enhance precision, lethality, and range, positioning medium caliber ammunition as a vital component for current and future defense missions.

Technological Enhancements
The market is rapidly embracing smart and precision-guided ammunition, with nearly 48% of new developments featuring integrated targeting systems. These advancements minimize collateral damage while improving combat efficiency, making them attractive solutions for modern warfare requirements.

Rising Demand from Law Enforcement
Law enforcement agencies are steadily increasing adoption, with around 36% of organizations procuring medium caliber ammunition for homeland security and anti-terror operations. This broader application highlights the ammunition’s versatility in addressing diverse security needs beyond the battlefield.

  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 Application
    3. Market Snapshot, By Material Composition
    4. Market Snapshot, By Packaging Type
    5. Market Snapshot, By Caliber Size
    6. Market Snapshot, By Region
  4. Medium Caliber Ammunition Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Geopolitical Tensions and Military Modernization
        2. Counter-Terrorism and Asymmetric Warfare
        3. Military Operations and Peacekeeping Missions
        4. Urbanization and Urban Warfare
      2. Restraints
        1. Regulatory Constraints and Export Controls
        2. Cost and Affordability
        3. Ethical and Humanitarian Concerns
        4. Supply Chain Disruptions
      3. Opportunities
        1. Modernization and Upgrades
        2. Counter-Drone Operations
        3. Urban Warfare and Close-Quarter Combat
        4. Training and Simulation
    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 Caliber Ammunition Market, By Type, 2021 - 2031 (USD Million)
      1. Full Metal Jacket (FMJ)
      2. Hollow Point (HP)
      3. Soft Point (SP)
      4. Lead Round Nose (LRN)
      5. Ball
    2. Medium Caliber Ammunition Market, By Application, 2021 - 2031 (USD Million)
      1. Military
      2. Law Enforcement
      3. Civilian
      4. Sporting
      5. Hunting
    3. Medium Caliber Ammunition Market, By Material Composition, 2021 - 2031 (USD Million)
      1. Copper
      2. Lead
      3. Steel
      4. Nickel
      5. Others
    4. Medium Caliber Ammunition Market, By Packaging Type, 2021 - 2031 (USD Million)
      1. Bulk Packaging
      2. Boxed Ammunition
      3. Clip-Based Packaging
      4. Banded Packaging
      5. Custom Packaging
    5. Medium Caliber Ammunition Market, By Caliber Size, 2021 - 2031 (USD Million)
      1. 7.62 mm
      2. 5.56 mm
      3. 9 mm
      4. 12 mm
      5. Others
    6. Medium 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. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Thales Group
      2. General Dynamics Corporation
      3. Nammo AS
      4. Denel SOC Ltd.
      5. Companhia Brasileira de Cartuchos (CBC)
      6. Rheinmetall AG
      7. BAE Systems plc
      8. ST Engineering
      9. Mesko S.A.
      10. Nexter KNDS
      11. MaxamCorp Holding, S.L.
      12. Multinational Defense Services LLC
      13. Ordnance (unspecified / generic)
      14. Magtech Ammunition
      15. Poongsan Corporation
  7. Analyst Views
  8. Future Outlook of the Market