The pyrotechnic munitions market size is projected to reach US$ 4,653.96 million by 2028 from US$ 3,358.92 million in 2022; it is expected to grow at a CAGR of 5.6% from 2022 to 2028.
The growth of the pyrotechnic munitions market size in Europe is attributed to many pyrotechnic product manufacturers such as Wescom Group (UK), Rheinmetall AG (Germany), Primetake Ltd (UK), Nexter group KNDS (France), and LACROIX (France). Thus, presence of manufacturing facilities, increasing defense spending for procuring pyrotechnic munition products, and growing instances for rescue operations and critical missions are factors likely to fuel the market growth in Europe during the forecast period. In Europe, major countries such as Russia, the UK, Germany, and Austria have been procuring pyrotechnic munitions for various applications such as live training simulation and crowd control applications. In addition, most countries are taking initiatives to advance their existing military assets, such as Navy vessels, thereby increasing the adoption of life rafts and pyrotechnic munitions across the region.
The demand for pyrotechnic munitions products is increasing with the rising conflicts among countries. With the surge in political conflicts emerges the need for training and drill exercises for armed forces. The growing demand for pyrotechnic markers across defense forces is fueling the market growth. In addition, collaborations of companies with defense forces for live simulation training to supply an adequate volume of pyrotechnic munitions products is another major factor bolstering the market growth. However, certification challenges and counterfeit products restrict the pyrotechnic munitions market growth.
Furthermore, the military exercises organized during the nighttime involve many pyrotechnic illumination and signaling rounds, which are another major factor supporting the adoption of pyrotechnic munition for live training simulation. For instance, in April 2021, the US army conducted a live training in Pulaski Country (Arkansas) wherein two Boeing Chinook Helicopters carried out the military cadets for a 4-day exercise. Under this operation, colored smoke canisters, illumination fire rounds, and other types of pyrotechnic munitions were us.
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Pyrotechnic Munitions Market: Strategic Insights
Market Size Value in US$ 3,358.92 Million in 2022 Market Size Value by US$ 4,653.96 Million by 2028 Growth rate CAGR of 5.6% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Pyrotechnic Munitions Market: Strategic Insights
| Market Size Value in | US$ 3,358.92 Million in 2022 |
| Market Size Value by | US$ 4,653.96 Million by 2028 |
| Growth rate | CAGR of 5.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on North America Pyrotechnic Munitions Market Growth
The COVID-19 outbreak dramatically impacted the global economy during its peak in 2020, along with posing numerous challenges to business operations. It led to considerable disruption in industry supply chains as several countries discontinued their international trade amid the pandemic. Military forces were compelled to work for a social cause. The armed forces joined social activists in their efforts to curb the SARS-CoV-2 spread, which hampered their training activities, leading to either cancellation or postponement. However, with ease in restrictions and the reopening of business units in 2021, the number of military training events increased worldwide, helping the pyrotechnic munition market regain momentum.
Lucrative Regions for Pyrotechnic Munitions Market
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Market Insights – Pyrotechnic Munitions Market
The pyrotechnic munitions market analysis by geography, is primarily segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). North America held the largest market share in 2021. In North America, the demand for pyrotechnic munitions is growing across defense forces, wherein they are used for various applications that include illumination, signaling, battle noise and effect simulation, and aircraft illuminating flare generation, rescue and distress signal generation, and parachute flare creation.
Europe held the second-largest share of the pyrotechnic munitions market in 2021. Various economies in this region have been investing heavily in their respective military and law enforcement forces to take maximum security measures for their nation. Also, most countries, including Russia, UK, and Germany, procure pyrotechnic munitions for applications such as live training simulation and crowd control. Several countries are also taking initiatives to modernize their existing military assets, such as navy vessels, which is expected to boost the adoption of life rafts and pyrotechnic munitions across the region in the coming years. In February 2022, the Federal Ministry of Defence of Austria released a contract bid of procurement for signaling flares, rain rockets, fog signals, and pyrotechnic articles. The contract is worth US$ 0.522 million, including the procurement of ~24,613,000 signaling flares, rain rockets, fog signals, and pyrotechnic articles. This development is expected to catalyze the pyrotechnic munitions market in the region.
Product Type-Based Insights – Pyrotechnic Munitions Market
Based on product type, the pyrotechnic munitions market analysis is segmented into signaling and illumination, crowd control, and training segment. Based on application, the market is further segmented into land forces, naval forces, and air forces. The pyrotechnic munitions market, by End User, is segmented military and law enforcement agencies.
Rheinmetall AG, General Dynamics Ordnance and Tactical Systems, Wescom Group, Chemring Group, and Pyrotechnic Specialties Inc. are among the prominent players in the pyrotechnic munitions market. The market is highly fragmented with several players localized in specific regions to cater to the domestic demand.
Players operating in the pyrotechnic munitions market are mainly focused on the development of advanced and efficient products.
- In 2022, PW Defence was acquired by Wescom Defence; this acquisition increased the company's defense product portfolio and international sales network. Additionally, the company now has new manufacturing and testing facilities of pyrotechnic munition; the range of the pyrotechnic product portfolio now boasts more than 200 products, and the company produces over 3 million pyrotechnic products per year.
- In 2020, Primetake collaborated with GBA Flare Systems to develop a cutting-edge new flare ignition method. The companies are developing the StarBurst system. The StarBurst system is a unique and innovative advancement in Cold Flaring that includes features such as pyrotechnic ignition systems, an impressive range of over 100 meters, and launching from a 24-pellet capacity launching cabinet and pellet trajectory control via an enclosed guide tube. Furthermore, StarBurst reduces the risks associated with firearms, reduces the negative environmental impact of traditional continuously burning gas pilots, and increases consistency and reliability with minimal staff training.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The estimated global market size for the pyrotechnic munitions market in 2022 is expected to be around US$ 3,358.92 million
Growing demand for pyrotechnic markers across defense forces
Collaboration of companies with defense forces for live training simulation
Introduction of electric pyrotechnics
Rheinmetall AG, General Dynamics Ordnance and Tactical Systems, Wescom Group, Chemring Group, and Pyrotechnic Specialties Inc. are the key market players expected to hold a major market share of pyrotechnic munitions market in 2022
Asia Pacific is expected to register highest CAGR in the pyrotechnic munitions market during the forecast period (2022-2028)
India, China and Japan are expected to register high growth rate during the forecast period
The US is expected to hold a major market share of pyrotechnic munitions market in 2022
Signaling and illumination segment is expected to hold a major market share of pyrotechnic munitions market in 2022
The global market size of pyrotechnic munitions market by 2028 will be around US$ 4,653.96 million
The pyrotechnic munitions market is expected to register an incremental growth value of US$ 1,295.04 million during the forecast period
The List of Companies - Pyrotechnic Munitions Market
- Arsenal
- PR Tactical Corporation
- Lacroix
- Martinez Specialties, Inc.
- Primetake Ltd.
- Pyrotechnic Specialties Incorporated
- Rheinmetall AG
- WESCOM GROUP
- Chemring Group PLC
- HFI Pyrotechnics Inc
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
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- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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