The large caliber ammunition industry has witnessed the development of ammunition of various calibers for military applications over a considerable period of time. The global large caliber ammunition market is expected to witness a robust growth over the forecast period, 2018-2023. A high demand for large caliber ammunition in emerging regions such as Asia-Pacific, Middle East, and Africa is expected to create opportunities for large caliber ammunition players.
Ammunition is fired from a weapon, and it can vary as per the weapon used. The size of the ammunition can vary as per the weapon such as rifles, pistols, artillery systems, and mortars, among others. The large caliber ammunition uses different type of calibers primarily for military applications. These are used on land and navy platforms, and ammunition is chosen as per the specific platform.
Ammunition is one of the most important requirements for defense forces, including the army, navy, and air force. Ammunition largely includes bullets, rockets, artillery ammunition, tank ammunition, and mortars, among others, and all these products are based on different technologies and raw materials. A wide range of ammunition is actively adopted by the defense forces of nations in order to protect their countries from wars, conflicts, and terrorist activities. There are various types of ammunition that have been used by military forces, such as small caliber cartridges, medium caliber cartridges, and large caliber cartridges.
Large caliber ammunition is mostly used in defense industry with size of caliber ranging from 50mm to 240mm. Many companies have introduced a variety of large caliber ammunition with different specifications such as high explosive (HE), target practice tracer (TP), armor piercing (AP), high explosive dual purpose (HE-DP), high explosive dual purpose with self-destruction, anti-personnel tracer (APT), and target practice marker, among others. All such large caliber ammunition rounds have multiple uses in military industry as per their specifications depending on the projectile types. Ammunition manufacturers are also collaborating extensively with other companies in order to geographically expand their product offers across different regions of the globe. Furthermore, various manufacturers have received numerous contracts from defense forces of different nations for procurement of specific sized large caliber rounds.