Ammunition Market Competitive Dynamics & Global Outlook 2026

According to a new market report published by Transparency Market Research titled “Ammunition Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global ammunition market is expected to reach US$ 16,468.2 Mn by 2026. The market is projected to expand at a CAGR of 3.5% during the forecast period from 2018 to 2026. According to the report, the increase in defense expenditure by emerging economies such as China, India, and Japan is expected to be the primary growth driver for the ammunition market. Asia Pacific is projected to be at the forefront of global demand, with the market in the region growing at a CAGR of 5% through 2026.

Full metal jacket segment to be the fastest growing throughout the forecast period

The global ammunition market is segmented by type into full metal jacket (FMJ) ammunition, tracer ammunition, incendiary ammunition, armor piercing ammunition, and other ammunition. The full metal jacket segment is anticipated to occupy major revenue share by 2026 owing to the increased demand from the military and other law enforcement organizations. In order to improve the penetration of the bullet, FMJ design has room for customization of the bullet which makes it among the most preferred ammunition in the market.

Military segment to be the major revenue generating segment by 2026 due to growing security concerns

In terms of application, the ammunition market is segmented into commercial, military, and law enforcement. The military segment is expected to be the major revenue generating segment by 2026. This growth can be attributed to the increased defense spending by governments of various regions and the need to improve the versatility, agility, and capability of the armed forces. The military segment is expected to expand at a modest CAGR of 3.8% over the forecast period.

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North America expected to continue to hold significant share in the overall market

North America is expected to hold highest share in the ammunition market during the forecast period and experience significant growth over the forecast period. The growth is mainly due to the presence of large number of players providing ammunition and associated products coupled with the significant increments in military budgets by the governments in the region.The Asia Pacific market is projected to grow at the highest CAGR during the forecast period due to the increasing military spending and growing demand for ammunition from countries such as China, India, and Japan.

China is expected to be at the forefront of ammunition demand among all the Asia Pacific countries. India, South Korea, and Japan are also expected to contribute significantly to the Asia Pacific ammunition market. Companhia Brasileira de Cartuchos, BAE Systems, Fiocchi Munizioni, General Dynamics Corporation, Hornady Manufacturing Company, Inc., Nammo A.S., Nexter Group, Orbital ATK, Inc., Prvi Partizan A.D., Rheinmetall AG, and RUAG Group among others are some of the key players operating in the ammunition market profiled in this study. Details such as financials, business strategies, recent developments, product implementation expertise, key contracts, certified professionals, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

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Smart Weapons Market Size, Share, Development by 2027

With shift in nature of warfare, demand dynamics of weapons is changing across the globe. Lately, countries are opting for smart weapons. Integration of technology in weapons is shaping smart weapons. Moreover, the integration is facilitating ease of application of these smart weapons. At the same time, it is increasing the risk of causality even in case of slight mistake.

Most of these weapons are powered by laser and similar advanced technology. As a result, it offers high accuracy, reliable shots, and quick hit capability. Also, light weight of the weapon is minimizing the logistics carrying cost.  All these factors conjointly are boosting the adoption rate of smart weapons in defense system to enhance security system of country. Although, stringent arm regulations applied in various countries are likely to limit the growth of smart weapons market in forthcoming years.

The upcoming smart weapons market report provides insights about the segments and trends influencing growth of the market. The market report is divided on the basis of product type, end-user, application area, and regions. Further, role of each category is specified in the growth of market in the duration of forecast period (2019-2027).

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Smart Weapons Market: Notable Developments

Lately, Indian Police were supposed to be equipped with with biometric weapon safety and tracking system (WSTS). This will assist in tracking stolen weapons. Also, any stealing case could be easily prevented.

In the past few years, the police filed complaint of numerous incident of gun-snatching. As per the report, since 2016, almost 200 weapons, including AK-47s have fallen into hands of militants.

The weapon safety and tracking system has palm print and finger print scanners built into the grip that helps in operating trigger locks. Further, the integrated GPS in the weapon will enable easy tracking of the weapon, if lost. The devices can only be removed by biometric authorization of the enrolled user.

Some of the pioneers in smart weapons market are-

• BAE Systems plc
• The Boeing Company
• L3Harris Technologies Inc.
• Thales Group
• Raytheon Company
• MBDA

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Smart Weapons Market: Key Trends

Ammunitions along with other product segments are anticipated to account for significant growth rate in the course of forecast period. The growth is attributed to development of sensor fused weapons and advanced electro-optical precision integration kits.

In June 2018, Rafael launched firefly, a miniature loitering ammunition. It can be used along with electro-optical precision integration kit (EPIK) to provide precision guidance to surface-to-surface multiple rocket launch systems. In addition, it can also be used by dismounted soldiers.

Likewise, German Ministry of Defense provided Gesellschaft für Intelligente Wirksysteme mbH contract to initiate the manufacturing process of serial production of the SMArt 155 ammunition (Sensor-fuzed Munition for Artillery 155 mm), again. Earlier, the production was stopped in the year 2006. Serial production is planned to begin from 2024.

Smart Weapons Market: Regional Analysis

In recent years, North America has emerged as major market share holder and is anticipated to exhibit maximum growth in coming years as well. Increasing defense budget and on-going research and development activities are prominent factors contributing to the growth of smart weapons market in the region. Further, government regulations are also supporting growth of the market.

For example, the U.S. army placed an order BONUS to BAE Systems Bofors and Nexter Systems for production of a 155-millimeter heat-seeking anti-tank shell.

Likewise, in October 2016, the US navy signed a contract to provide advanced precision kill weapon system (APKWS) and laser guided rockets. The main reason behind the contract was to meet the weapon requirement of US Army, US Air Force, US Marine Corps, and to the allied nations.

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Spacecraft Market Key Players, Segmentation, Services, Solutions, Trends and Forecast By 2027

The global spacecraft market is likely to witness considerable growth during the timeframe of forecast, from 2019 to 2027. A spacecraft refers to a machine or a vehicle that is designed to fly to and in the outer space. It is a type of artificial satellite that is utilized for a wide range of tasks, which comprise navigation, planetary exploration, communications, transportation of cargo and humans, earth observation, and space colonization. There is a need for launch vehicle for all of the spacecrafts to travel to space. However, only single-stage-to-orbit vehicles do not require launch vehicles or carrier rocket.

The global race for space exploration amongst various countries has resulted in increased spending on the research and development activities of the spacecraft sector. As such, the global spacecraft market is likely to gather momentum from factors that are taking place at an international level. Rapid technological progress coupled with miniaturization of the components of spacecrafts is likely to offer lucrative growth opportunities for the global spacecraft market.  

The global spacecraft market has been split based on two important parameters. These are type and region.

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Global Spacecraft Market: Notable Developments

One of the recent market developments related to the global spacecraft market is as mentioned below:

• In August 2018, World’s largest aerospace company, the Boeing Company, has acquired a satellite company to power up its Arlington-based space and defense business. The company that was acquired by the Boeing, Millennium Space Systems, is based out of El Segundo, California.  It is expected that this acquisition will bring down the cost of access to space for consumers. Small satellites can be made to travel to the space within 12 to 48 months, which is relatively quick.

Some well-known organizations in the global spacecraft market comprise the below-mentioned:

• The Boeing Company
• Berlin Space Technologies GmbH
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Thales Alenia Space
• Millennium Space Systems

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Global Spacecraft Market: Key Trends

The following drivers, opportunities, and restraints characterize the global spacecraft market during the review period, from 2019 to 2027.

Rapid Technological Progress is Estimated to Bolster Demand

The global spacecraft market is expected to make substantial gains from intense competition between various countries. Across the globe, different countries are launching their own spacecraft to stay ahead of other competing nations. Increased spending toward research and development activities of the spacecraft industry is likely fuel growth of the global spacecraft market. Rapid technological progress made in the sector is likely to open up new avenues of growth for the market in years to come. In addition, the demand for micro and nano satellites is expected to catapult the market toward growth in years to come.

In the global spacecraft market, the segment of unmanned spacecraft is likely to experience tremendous growth over the period of assessment, from 2019 to 2027. Frequent unmanned missions to the Moon and the Mars are now more of a common phenomenon. Several countries are making efforts for the exploration of the moon, which is another growth factor. In addition, the global spacecraft market is also expected to be driven by the launch of several new satellites onto the orbits. Research activities are going on to integrate the technology of artificial intelligence in the development of spacecraft.

Global Spacecraft Market: Geographical Analysis

In the global spacecraft market, it is prophesized that North America will lead the market over the timeframe of forecast. Regional supremacy is due to the presence of NASA in the region. NASA has a very high budget for its extraterrestrial activities. Presence of several leading market players in the region, such as Lockheed Martin Corporation, the Boeing Company are likely to add impetus to the growth of the global spacecraft market in forthcoming years.

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Air Quality Monitoring Equipment Market to Witness Robust Expansion by 2027

Transparency Market Research delivers key insights on the global air quality monitoring equipment market. In terms of revenue, the global air quality monitoring equipment market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global air quality monitoring equipment market.

Air quality monitoring equipment are used for monitoring the level of pollution present in the atmosphere. These equipment help in keeping a track of the pollution level and air quality in order to avoid fatigue, discomfort, and dizziness, which further hamper the overall productivity level. The global air quality equipment market is primarily driven by rising concerns pertaining to ill effects on air pollution on the health of citizens in addition to prompt efforts by governments of various countries to curb air pollution. Based on type, air quality monitoring equipment are classified into indoor air quality monitoring equipment and outdoor air quality monitoring equipment.

Among these, outdoor air quality monitoring equipment are largely being adopted, as these equipment are useful to monitor the level of pollution present in the atmosphere. Furthermore, based on application, the global air quality monitoring equipment market has been segmented into industrial, commercial, and residential. The industrial sector is increasingly adopting air quality monitoring equipment and governments of multiple countries are focusing on implementing stringent rules to reduce air pollution. This, in turn, is expected to boost the global air quality monitoring equipment market during the forecast period.

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Air Quality Monitoring Equipment Market: Dynamics

Adoption of air quality monitoring equipment in smart city projects is growing. This is due to the emergence of smart cities, population, and increase in the number of vehicles. This has led to rise in air pollution. Thus, efficient management of air quality plays an important role in smart cities. Air quality monitoring equipment have been evolving led by the rising trend of Internet of Things (IoT). Air quality monitoring sensors used in large numbers in these equipment help in collecting a large volume of data related to air quality. This data is useful while making decisions pertaining to air pollution. Several smart cities across the globe are installing air quality monitors to evaluate air pollution. In 2019, in London (the U.K.) an air quality monitoring network equipped with a large number of air quality monitors was launched to improve the quality of air in the city. Thus, growth in the number of smart city projects across the world is expected to boost the demand for air quality monitoring equipment in the near future.

Moreover, demand for air quality monitoring equipment is rising worldwide, as a result of launch of a large number of air quality monitoring systems in several countries. For instance, in 2019, Jersey, a player based in the U.K., announced the launch of an air quality monitoring system that can collect real-time environmental data to help government agencies in curbing air pollution. Launch of new air quality monitoring systems across the globe is projected to drive the global market for air quality monitoring equipment during the forecast period.

Furthermore, India and the U.K. entered into strategic partnerships with each other in the year 2019 to build a comprehensive air quality monitoring system that can measure air pollution. This partnership would be leading to the installation of air quality monitoring systems in Bengaluru, India, to measure the air pollution level by collecting data from sensors. Additionally, several manufacturers are focusing on the development of technologically advanced air quality monitoring equipment to curb air pollution effectively. Furthermore, the demand for air quality monitoring equipment is rising among consumers for use in homes, owing to increased awareness about air quality monitoring at residential places and increasing adoption of smart buildings. This is expected to be a prominent factor propelling the global air quality monitoring equipment market during the forecast period.

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Air Quality Monitoring Equipment Market: Prominent Regions

Asia Pacific is the dominant region of the global air quality monitoring equipment market. Growth of the market in the region can be attributed to growing adoption of air quality monitoring equipment in the industrial sector in the region. Air quality monitoring equipment are used in various sectors, which include industrial, commercial, and residential. Among these, air quality monitoring equipment are largely used in industrial applications such as power & utilities, construction, mining, and oil & gas. This is attributable to increasing awareness about monitoring of air quality among environmental protection agencies in various countries. Moreover, increasing number of air quality monitoring stations is expected to further drive the air quality monitoring equipment market in the region during the forecast period.

Thus, rising adoption of air quality monitoring equipment in industrial applications is driving the demand for air quality monitoring equipment in Asia Pacific. Additionally, multiple manufacturers of air quality monitoring equipment operate in Asia Pacific, which are continually striving to develop technologically advanced air quality monitoring equipment. Thus, rising adoption of air quality monitoring equipment in the industrial sector is likely to boost the demand for air quality monitoring equipment in Asia Pacific between 2019 and 2027. The market in North America and Europe is estimated to witness significant growth during the forecast period, owing to high demand for air quality monitoring equipment in the industrial sector in these regions to keep a track of the pollution level and air quality. The air quality monitoring equipment market in Middle East & Africa and South America is expected to witness moderate growth in the near future.

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Competitors Analysis of Chemical Sensors Market from 2020 to 2027

The vendor landscape of the global chemical sensors market is highly fragmented in nature because of the presence of numerous well-established players. Some of the notable names in the chemical sensors market include names such as F-Hoffman La Roche Ltd., Denso Corporation, Emerson Electric Co., Siemens AG, and Honeywell International among others. One key trend that has been observed among these chemical sensors market players is of growing investments in research and development activities.

The objective behind these investments is to develop more reliable and efficient products that will cater to the evolving demands of the global population. Naturally, it is expected that the competition in the market will only intensify over the coming years of the forecast period. In addition to this, these leading players are expected to opt for mergers, acquisitions, and joint ventures in order to stay ahead of the competitive curve.

With such development shaping the vendor landscape of the global chemical sensors market, it is obvious that the growth of the market will reach newer heights. According to the research report published by Transparency Market Research, the global chemical sensors market is expected to touch the mark of US$29.27 bn by the end of 2027. This is a significant jump from the initial valuation of US$ 16.3 bn recorded back in 2019. Over the given course of the projection period, the global chemical sensors market is thus expected to exhibit a CAGR of 5%.

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Growing R&D Activities to Drive North America Segment Growth

In terms of geographical segmentation, there are five major segments of the global chemical sensors market. These segments are North America, Middle East, and Africa, Latin America, Asia Pacific, and Europe. Of these, currently, the chemical sensors market of the North America region is dominating the global market. The growth of the regional segment is expected to bolster over the mentioned forecast period due to the growing research and development activities followed by the booming automotive sector in the region.

On the other hand, the Asia Pacific segment is expected to exhibit a promising CAGR during the aforementioned period of forecast. This burgeoning growth of the regional segment can be mainly attributed to the increasing demand for these sensors from the oil & gas and food & beverages sector.

Initiatives Undertaken to Cut Down Carbon Emissions to Help Market Growth

One of the biggest driving factors for the growth of the global chemical sensors market is the increasing initiatives undertaken by several governments to cut down the carbon emissions across the globe. This has had a significant impact on the development of the chemical sensors market as more and more manufacturers are producing these sensors to comply with the regulatory norms. In addition to this, the ability of these chemical sensors to detect harmful gases and chemicals that pose risk to human lives as well as environment is driving up their sales. This has thus been another crucial driving factor for the growth of the global chemical sensors market.

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Another important driving factor for the overall development of the global chemical sensors market is its wide-spread application range. The end-use application industries of chemical sensors range from smart packaging, automotive, to textile, and food & beverages. The advancements in respective sectors are expected to complement the growth of the global chemical sensors market. In addition to this, the development in the medical sector is also expected to have a positive impact on the growth of the global market.

This review is based on the research report published b Transparency Market Research titled, “Chemical Sensors Market (Type - Optical Sensor, Electrochemical, and Catalytic Bead; by End User - Oil and Gas, Automotive, Medical, Environmental Monitoring, and Industrial) - Global Industry Analysis Size Share Growth Trends and Forecast 2019 – 2027.

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Process Spectroscopy Market to Exhibit Increased Demand in the Coming Years

As per a recent report by Transparency Market Research on global process spectroscopy market, the persisting demand for improving the manufacturing process in several business verticals is the key reason for the growth of the global process spectroscopy market. The report also states that the market's growth is attributed to developing pharmaceutical sector by improving microscopic study of chemicals. These processes require process spectroscopy to collect viable data regarding the properties of several compounds. Also, benefits such as information in real-time and quality analysis are few more factors driving the growth of global process spectroscopy market from 2019 to 2027.

Substantial Growth of Market with 8.3% CAGR

Looking at the demand for quality products by several end-use industries along with the undeviated focus of the manufacturers to enhance the quality of their manufacturing processes, the global process spectroscopy market is projected to grow at a CAGR of more than 9% between 2019-27. This robust growth of the global process spectroscopy market is the result of rising demand for implementation of next-gen cloud-based equipment by several pharmaceutical industries across the globe. Additionally, development of new drugs by pharmaceutical companies require streamlining process which require process spectroscopy equipment. Based on these demands, the global process spectroscopy market is projected to witness the anticipated growth from 2017 to 2025.

Also, the analysts at Transparency Market Research predicts that the global process spectroscopy market shall reach to the value of above US$ 2 bn by the end of the tenure. This is prediction is based on the analysis of the dynamics of the global process spectroscopy market.

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North America to Generate Maximum Revenue

From geographical point of view, North America is the most lucrative region for global process spectroscopy market. This is because of the growing pharmaceutical industry in the U.S and Canada. The report states that the region is anticipated to account significant market share of the growing global process spectroscopy market. It is because of this reason, players of process spectroscopy market are focusing their interest towards the region of the North America and hence the region dominates the geographical front of the market.

Raman Spectroscopy to Drive Maximum Revenue

In terms of technology the global process spectroscopy is dominated by the Raman spectroscopy segment. This dominance of the segment is the result of growth in the number of diagnostic centers for cancer. These centers are dedicated to identify the type and the stage of the cancer in the patient's body. Also, development of drugs to cure these cancers by pharmaceutical companies is also a major factor supporting the growth of Raman spectroscopy in global process spectroscopy market from 2017 to 2025. 

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Rising Demand from Consumers to Push Sales of Photonics Market

The global photonics market is consolidate in nature as it is led few leading companies in the market. To form a firm hold in the market the leading players are investing in mergers and acquisitions, new product launch, and expanding the geographical reach. Moreover, to enhance their market share, these players are also engaged in research and development activities to offer better quality of product to their customers. Some of the few leading players in the market are Hewlett-Packard Co., Hamamatsu Photonics K.K., Finisar Corp., IBM Corp., 3S Photonics S.A.S., Luxtera, Inc., and Infinera Corp.

According to the statistics provided by Transparency Market Research, the global photonics market is expected to rise at 5.8% CAGR during the forecast period from 2019 to 2027. The valuation of this market is likely to reach US$71136.49 bn by the end of 2027 progressing from US$681.78 bn earned in 2018.

The application of photonics is widely seen in the medical and healthcare sector and during the forecast period, it is expected to rise at 7.4% of CAGR. The growing demand for minimally invasive surgeries across the globe is one of the major factor for the growth of this segment. Moreover, increasing need for early and accurate diagnosis has created the need for photonics in medical and healthcare segment. Based on geography, in 2018, North America led the global photonics market. Increasing demand for high speed and accurate communication and presence of business utilities has been driving the need for photonics in this region..

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Rising Application of Photonics to Help Market Gain Momentum

Growing application of photonics is various areas such as medical and healthcare, sensing, metrology, communication, display, consumer electronics, safety and defense technology, and various other is driving the demand in the photonics market.

Moreover, demand for photonics is comparatively high in medical and healthcare sector due to increasing demand for early and accurate diagnosis.  Rising preference for minimally invasive surgeries has also boosted the demand for photonics based instruments in medical and healthcare.  On the other hand, the demand for photonics is also high in displays due to changing requirement of customers and rising disposable income. Emerging economies like India, China, Japan, and others are also driving the demand for displays with the increasing manufacturing utilities in these regions.

Component Integration of Photonics into Small Circuits Hampering Market Growth

Despite the growing application of photonics in various sectors, few challenges are also present in the market that could hamper the growth of this market. One of the major challenge is the thermal effect affects the embed components at a nanometer scale. The component integration of photonics into small circuits that is largely faced by photonics component manufacturers is also affecting the growth of the photonics market at the global level. Moreover, inefficient electroluminescence as it use light sources in the optical network also poses a significant challenge in this market. However, growing demand for photonics based instruments is rising in emerging economies, which may dive the overall market’s growth.   

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The information presented in this review is based on a TMR report, titled “Photonics Market (Application – Communication, Metrology, Medical and Healthcare, Sensing, High Performance Computing, Safety and Defense Technology, Consumer Electronics, Displays, and Safety and Defense Technology; Product - Wavelength Division Multiplexer Filters, Waveguides, LED, Optical Modulators, Optical Interconnects, Photo Detectors, Lasers, and Amplifiers  ) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 - 2027.”

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