Small Caliber Ammunition Market

By Type;

Current & Future, Full Metal Jacket Ammunition, Tracer Ammunition, Incendiary Ammunition, Armor Piercing Ammunition, Type Comparison Matrix, and Global Small-caliber Ammunition

By Caliber;

Current and Future - Below 7 mm, 7–9 mm, 9–12 mm and 12–14 mm, Caliber Comparison Matrix, and Global Small-caliber Ammunition

By Application;

Civil & Commercial and Defense

By End Use;

Commercial, Military and Law Enforcement

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn140035600 Published Date: August, 2025

Small-Caliber Ammunition Market Overview

Small-Caliber Ammunition Market (USD Million)

Small-Caliber Ammunition Market was valued at USD 10,091.47 million in the year 2024. The size of this market is expected to increase to USD 12,057.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.6%.


Small Caliber Ammunition Market

*Market size in USD million

CAGR 2.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)2.6 %
Market Size (2024)USD 10,091.47 Million
Market Size (2031)USD 12,057.16 Million
Market ConcentrationHigh
Report Pages386
10,091.47
2024
12,057.16
2031

Major Players

  • Companhia Brasileira de Cartuchos
  • Fiocchi Munizioni S.p.A
  • General Dynamics Corporation
  • Hornady Manufacturing Company, Inc
  • Nammo A.S
  • Nexter Group
  • Orbital ATK, Inc
  • Prvi Partizan A.D
  • Rheinmetall Defence
  • RUAG Holding A.G
  • BAE Systems

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Small Caliber Ammunition Market

Fragmented - Highly competitive market without dominant players


The Small Caliber Ammunition Market is witnessing consistent expansion driven by increasing demand in both defense and civilian sectors. Over 60% of military forces are enhancing their stockpiles with small caliber ammunition to improve combat readiness. Rising global concerns over security and defense modernization programs continue to fuel market momentum, making this segment an integral part of the arms industry.

Rising Civilian Adoption
Civilian usage accounts for more than 35% of total ammunition consumption, largely driven by sports shooting, hunting, and personal defense applications. With growing interest in shooting sports and the expansion of shooting ranges worldwide, the adoption of small caliber cartridges is expected to strengthen further. In addition, heightened awareness of personal safety has accelerated firearm ownership, creating steady growth opportunities.

Technological Advancements
Innovations in ammunition design have resulted in improved accuracy, range, and lethality, making small caliber ammunition more effective for both military and civilian uses. More than 40% of manufacturers are now integrating advanced materials and coatings to enhance performance and reliability. These improvements have not only increased adoption but also reduced failure rates, adding significant value to defense operations.

Government and Defense Investments
Governments worldwide are allocating higher budgets toward defense procurement, with small caliber ammunition taking a major share. Approximately 55% of defense expenditure on ammunition is directed toward this category due to its versatility and essential role in military operations. Defense modernization initiatives, counter-terrorism measures, and border security reinforcements are key factors boosting market demand.

Future Growth Potential
The market outlook remains promising as over 50% of stakeholders anticipate accelerated demand from emerging economies. Increasing production capacities, coupled with strategic collaborations between ammunition manufacturers and defense agencies, are set to reshape the industry landscape. With sustained investment in R&D and a surge in both civilian and defense applications, the Small Caliber Ammunition Market is positioned for robust long-term growth.

  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 Caliber
    3. Market Snapshot, By Application
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Small-Caliber Ammunition Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Geopolitical tensions
        2. Growing disposable income
        3. Technological advancements
      2. Restraints
        1. Strict regulations
        2. Economic downturns
        3. Anti-gun movements
      3. Opportunities
        1. Focus on training
        2. Expansion into new applications
    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. Small-Caliber Ammunition Market, By Type, 2021 - 2031 (USD Million)
      1. Current & Future
      2. Full Metal Jacket Ammunition
      3. Tracer Ammunition
      4. Incendiary Ammunition
      5. Armor Piercing Ammunition
      6. Type Comparison Matrix
      7. Global Small-caliber Ammunition
    2. Small-Caliber Ammunition Market, By Caliber, 2021 - 2031 (USD Million)
      1. Current and Future
      2. Below 7 mm
      3. 7–9 mm
      4. 9–12 mm
      5. 12–14 mm
      6. Caliber Comparison Matrix
      7. Global Small-caliber Ammunition
    3. Small-Caliber Ammunition Market, By Application, 2021 - 2031 (USD Million)

      1. Civil

      2. Commercial

      3. Defense

    4. Small-Caliber Ammunition Market, By End Use, 2021 - 2031 (USD Million)
      1. Commercial
      2. Military
      3. Law Enforcement
    5. Small-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. Companhia Brasileira de Cartuchos
      2. Fiocchi Munizioni S.p.A
      3. General Dynamics Corporation
      4. Hornady Manufacturing Company, Inc
      5. Nammo A.S
      6. Nexter Group
      7. Orbital ATK, Inc
      8. Prvi Partizan A.D
      9. Rheinmetall Defence
      10. RUAG Holding A.G
      11. BAE Systems
  7. Analyst Views
  8. Future Outlook of the Market