Pyrotechnic Munitions Market Key Players and Forecast by 2031

The pyrotechnic munitions market size is projected to reach US$ 5.83 billion by 2031 from US$ 3.51 billion in 2023. The market is expected to register a CAGR of 6.6% during 2023–2031. Introduction of electric pyrotechnics is likely to remain key trend in the market.

Pyrotechnic Munitions Market Analysis

The increase in demand for border patrolling operations, military cargo operations, search operations, and other ISR operations wherein the signaling pyrotechnics, illumination, and smoke signals are required; is fueling the demand for signaling and illumination pyrotechnic munitions which is driving the market growth. Further, the current ongoing war between different countries in Europe and Middle East regions is another major factor that has generated HAVOC among some of the major pyrotechnic munition customer countries such as Israel, Russia, Ghaza, and Ukraine.

Pyrotechnic Munitions Market Overview

The pyrotechnic munitions products are also used for crowd and riot control operation which enables the defense sector to respond to threats swiftly from a safe standoff and without risk of injury. Crowd control involves non-lethal weapons instead of pyrotechnic munitions, whereas some products such as smoke grenades, and illumination rounds are used during crowd control operations. The crowd control segment mostly involves usage of non-lethal technologies such as tear gas, pepper grenades, etc. wherein pyrotechnic munitions are used in very limited amount by law enforcement forces for crowd control operations. Major products for crowd control pyrotechnics includes smoke & colored smoke grenades and illumination rounds that are used during night operations across remote locations. Thus, such applications of the crowd control products is fueling the segment’s growth over the coming years.

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Pyrotechnic Munitions Market: Strategic Insights

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Pyrotechnic Munitions Market Drivers and Opportunities

Collaboration of Companies with Defense Forces for Live Training Simulation

The military forces worldwide train their personnel to keep their forces trained at all times. The demand for military training engages various types of military operations involving a lot of pyrotechnic munitions to create a live simulation environment. The pyrotechnic munition companies collaborate with military forces to supply an adequate volume of pyrotechnic munitions for the military’s live simulation training exercises. This has led to an increase in the adoption of live pyrotechnic munitions, such as illumination signal rounds, markers, and smoke grenades. 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 used.

Growing Fleet of Naval Vessels and Aircraft Carriers Worldwide

The increasing fleet of naval fleet across different countries is one of the major factors likely to generate new opportunities for market vendors in the coming years. The rising fleet of naval and aircraft carrier vessels operates continuously across the country’s borders. Every aircraft carrier ship includes either 254 units of MK7 life rafts or 127 units of MK 8 life rafts. Each lifeboat comprises 6 hand flares, 4 units of rocket parachute flares, and 2 units of buoyant smoke signals. Hence, the lifeboats in naval ships or vessels is also likely to boost the adoption of pyrotechnic munitions across the naval forces in the coming years. Further, some of the countries have also been investing in large amounts for the procurement of different types of naval ships which is likely to boost the demand for pyrotechnic munitions in the coming years.

Pyrotechnic Munitions Market Report Segmentation Analysis

Key segments that contributed to the derivation of the pyrotechnic munitions market analysis are product type, application, and end user.

• Based on product type, the pyrotechnic munitions market is divided into signaling & illumination, crowd control, and training. The signaling & illumination segment held a larger market share in 2023.
• By application, the market is segmented into land forces, naval forces, and air forces. The land forces segment held the largest share of the market in 2023.
• In terms of end user, the market is bifurcated into military and law enforcement agencies. The military segment held a significant share of the market in 2023.

Pyrotechnic Munitions Market Share Analysis by Geography

The geographic scope of the pyrotechnic munitions market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America.

North America has dominated the market in 2023 and it is expected to retain its dominance during the forecast period as well. The current riot/protestor events in the US (due to the support of the US to Israel) has been leading to usage of pyrotechnic munitions in large quantities by the law enforcement agencies in the country. This is further expected to drive the demand for pyrotechnic munitions in the recent years. Moreover, the presence of a large number of pyrotechnic munitions manufacturers in North America is propelling the market. Some of the vendors operating in the North America pyrotechnic munitions include PR Tactical Corporation, Picatinny Arsenal, Nammo Perry Inc, and Martinez Specialties Inc are involved in providing the pyrotechnic components in the US and across the world.

Pyrotechnic Munitions Market Regional Insights

The regional trends and factors influencing the Pyrotechnic Munitions Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pyrotechnic Munitions Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Pyrotechnic Munitions Market Report Scope

Pyrotechnic Munitions Market Players Density: Understanding Its Impact on Business Dynamics

The Pyrotechnic Munitions Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Pyrotechnic Munitions Market are:

1. Arsenal
2. PR Tactical Corporation
3. Lacroix
4. Martinez Specialties, Inc.
5. Primetake Ltd.

Disclaimer: The companies listed above are not ranked in any particular order.

Pyrotechnic Munitions Market News and Recent Developments

The pyrotechnic munitions market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the pyrotechnic munitions market are listed below:

• The Swiss procurement authority armasuisse has contracted with Rheinmetall to supply a new generation of the tried-and-tested, highly effective Maske 76 rapid smoke/obscurant cartridge, known in Switzerland as the “7,6cm Nebelpatrone 21 mit elektrischer Zündung”, or “7.6cm Smoke/Obscurant Cartridge with Electric Fuse”. (Source: Rheinmetall, Press Release, Feb 2022)

Wescom Group is delighted to announce the acquisition of UK-based military pyrotechnics manufacturer, PW Defence Ltd. (PWD). The acquisition will enable Wescom to expand its defence product portfolio and international sales network, whilst benefiting from new manufacturing and testing facilities. (Source: Wescom Group, Press Release, Feb 2021)

Pyrotechnic Munitions Market Report Coverage and Deliverables

The “Pyrotechnic Munitions Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Pyrotechnic munitions market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Pyrotechnic munitions market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed porter’s five forces analysis
• Pyrotechnic munitions market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the pyrotechnic munitions market
• Detailed company profiles