Filed under: Business Line, Companies, Events, Press Releases, production program
DALLAS, December 5, 2012 /PRNewswire/ —
According to a new market research report, ” Global Ammunition Market Share Analysis, Market Trend, Industry Trend, Technology Roadmap, Forecasts & Analysis (2012 – 2017) “, published by MarketsandMarkets (http://www.marketsandmarkets.com), the total ammunition market is expected to reach $8.15 Billion by 2017 with a CARC of 0.67%.
Browse 73 market tables with 87 figures spread through 154 pages and in-depth TOC on ” Global Ammunition Market Share Analysis, Market Trend, Industry Trend, Technology Roadmap, Forecasts & Analysis (2012 – 2017) ” . http://www.marketsandmarkets.com/Market-Reports/ammunition-market-923.html Early buyers will receive 10% customization of reports.
The global ammunition market has seen considerable growth during the past decade due to the recent conflicts which has served as a growth factor for the ammunition industry. Army modernization programs by developed and developing nations alike are expected to drive the market. Moreover, the need to maintain professional armies and the training imparted in doing so, has led to the growth in demand for training ammunitions. Similarly, the development in technology and the need to reduce collateral damage and prevent civilian casualties in war has led to an increase in demand for sophisticated precision guided munitions. However, the end of conflict and withdrawal of troops from Afghanistan, the austerity measures undertaken by the west, troop size reduction by many western powers and their increased reliance on simulators to train their troops means that the ammunition market is set to stay relatively stable in value terms. Thus the Global Ammunition Market is estimated to be $8.43 billion in 2012 and is expected to register a CARC of 0.67% to reach $8.15 billion by 2017.
On the other hand, the cost involved in maintaining and running a product line in a profitable way all the while investing in new technology, maintaining a skilled workforce and meeting varying customer demands and expectations while improving overall design and quality of the ammunition is expected to be a major challenge.
Defense budget cuts in most of the western countries are anticipated to have an impact on the ammunition market, while industries from the west would be in constant lookout for other markets to offset the decrease in demand in their home market. It is further leading industries to a second wave of consolidation. Moreover, the need for efficiency especially in this time of austerity has made governments to embrace privatization and public-private partnership initiatives. The industry is fragmented, as most of the countries try to maintain their own ammunition manufacturing capability as they view this as one of the important sectors which helps them maintain strategic autonomy in decision making. However the recent trends in the market is expected to lead an increased activity in terms of merger and acquisition, technology transfer, joint development and production and partnership agreements between western and other developing nations.
The ammunition market report presents a complete analysis of the global market across the next five years. It analyses about the factors driving the market, the challenges faced by the industry and about the factors restraining the growth of the market. It also discusses the key industry trends, market trends and technology trends that is about to influence the global ammunition market. It provides the market size of the global ammunition market over the next five years and talks about the market share by different ammunition type. It provides insight in to regional trends in spending and analysis the market size by region. The report also talks about the market trends, industry trends and technology trends shaping the market. It provides details about leading competitors in the global ammunition market and apart from a general overview of the companies it also provides details on their financial position, key products and markets served, key developments and market strategy.
Scope of the Report
This report analyzes the Global Ammunition market based on:
- Ammunition market by Value
- The market share analysis by the various ammunition types
- Regional trend analysis and market share
- In-depth country wise analysis of the ammunition market according to ammunition type
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the Ammunition market in North America, Europe, Asia, Latin America, Russia, Middle East and Africa. The report draws the competitive landscape of the Ammunition Market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.
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LINKÖPING, Sweden–(BUSINESS WIRE)–Regulatory News: Defence and security company Saab (STO:SAABB) has received two new orders from FMV (the Swedish Defence Material Administration) for army training systems. The orders are for a new urban warfare training system and for enhancing the existing simulators of the Swedish Armed Forces. The orders amounts to MSEK 85 and 46 respectively. For several years, Saab has been the main supplier of laser simulator systems for troops and vehicles to FMV. The
STOCKHOLM–(BUSINESS WIRE)–The Austrian Army has awarded defence and security company Saab (STO:SAABB) a contract to provide the Austrian Army with the internationally interoperable optical code OSAG 2.0, to be used by their family of Saab DuSim live simulator systems. This new code for direct fire weapon effects simulators will strongly improve the possibility to perform multinational exercises. The code has already been selected by the armies of the Netherlands and Germany and soon other coun
VirTra Systems Continues to Supply the Global Law Enforcement Community with the World’s Finest Firearm Simulators
Filed under: Companies, Contract Awards, Events, Northrop Grumman Corp., Rockwell Collins, Services, U.S. Navy
The Navy is introducing an upgraded version of their E-2 radar plane. The E-2D is made by Northrop Grumman and is the latest version of the aircraft that has been in service since the 1970’s. It offers improved radar and command and control capabilities over the E-2C currently being used.
As part of this new system going into use the Navy contracted with Rockwell Collins to build the integrated maintenance training system. This four year contract is worth over $60 million. Rockwell will design and build maintenance simulators as well as course material and a computer delivery system. The contract also includes support for these systems once they are delivered.
Filed under: Contract Awards, crime, India, logistics, training
A contract awarded to buy training for Indian Navy simulators was put on hold due to allegations of improprieties with Indian Naval officers. See an article here. It turns out that the scandal started with an investigation into Indian companies related to the Iraqi Oil for Food bribery scheme. Now the contract is one of many that the Indian legislature is supposed to investigate. For previous articles about this kind of issue see this and this. In the last few years corruption has been a major issue in the awarding of defense contracts, both to foreign and Indian firms.
STOCKHOLM–(BUSINESS WIRE)–Regulatory News: HiQ (STO:HIQ) has received a new order from the Swedish Defence Materiel Administration (FMV). The SEK 14 million order pertains to maintain simulators for training fighter pilots for the JAS 39A Gripen. “These simulators represents advanced technology at the highest level. We have been working with FMV and our Swedish armed forces for over a decade. Our job is to further develop and integrate systems based on the prevailing training requirements in t
STOCKHOLM–(BUSINESS WIRE)–Amongst other things the order covers product maintenance, technical support, basic operations such as test flying, rigs and simulators in order to ensure the Gripen system’s operational ability and airworthiness. This work will be undertaken during the second half of 2010 at Saab’s plants located in Linköping, Arboga, Göteborg and Stockholm. For streaming and broadcast-standard video, please visit www.thenewsmarket.com/saab. If you are a first-time user, please take