The SAM small caliber ammunition market is expected to grow from US$ 424.22 million in 2021 to US$ 560.29 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.
Brazil is the major economy in SAM with rest to this market. Rising investments by homeland security and law enforcement departments is expected to escalate the market. The law enforcement officers need to perform duties such as executing police response, conducting criminal investigations, and providing building or personnel security to fulfill their law enforcement missions and roles. As a result, the law enforcement agencies purchase firearms, ammunition, and tactical equipment to help officers to perform their tasks. These agencies also purchase ammunition for conducting training and qualifications as well as to ensure that officers maintain the firearms proficiency of their workforce. Thus, each law enforcement agency independently decides the allocation of ammunition to its firearm-carrying personnel for training and qualification, which results in the increase in the procurement of more ammunition. Moreover, the officers in law enforcement and homeland security departments are engaged in counterterrorism and border security, and thus, require armored vehicles, which are contributing to the rise in demand for small caliber ammunition across SAM region. The rising investments by homeland security and law enforcement departments for the procurement of small caliber ammunition are driving the SAM market growth.
In case of COVID-19, SAM is highly affected especially Brazil, followed by Peru, Chile, Colombia, and Ecuador. The recent outbreak of the COVID–19 has significantly affected the SAM region and is continuing to shatter several countries. Until the outbreak of COVID–19, the defense industry was experiencing substantial growth in terms of production and services. Due to COVID-19 pandemic, ammunition, and assembly line manufacturing all over the world have been impacted. The government of South America has taken an array of actions to protect its citizens and contain COVID-19’s spread. Brazil is the largest spender in the military sector, followed by Colombia and Chile. The COVID-19 has hit hard on these three countries, and the military forces in the countries mentioned above are substantially dependent on international military equipment suppliers. The closure of international borders, restrictions in international trades, and governmental focus towards containing the spread of the virus have been deprioritizing military expenditure. This factor negatively influences various military and defense equipment markets, including small caliber ammunition.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM small caliber ammunition market. The SAM small caliber ammunition market is expected to grow at a good CAGR during the forecast period.
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SAM Small Caliber Ammunition Market Segmentation
SAM Small Caliber Ammunition Market – By Ammunition Size
- 5.56mm
- 7.62mm
- 9mm
- 12.7mm
- 14.5mm
- 45ACP
- .338mm
- .22LR
- 223 REM
- .308 Winchester
SAM Small Caliber Ammunition Market – By End User
- Military
- Homeland Security
- Law Enforcement Agencies
SAM Small Caliber Ammunition Market – By Gun Type
- Pistols
- Rifles
- Shot Guns
SAM Small Caliber Ammunition Market, by Country
- Brazil
- Rest of SAM
SAM Small Caliber Ammunition Market -Companies Mentioned
- BAE Systems Plc
- CBC Global Ammunition
- Elbit Systems Ltd.
- FN HERSTAL
- Northrop Grumman Corporation
South America Small Caliber Ammunition Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 424.22 Million |
| Market Size by 2028 | US$ 560.29 Million |
| CAGR (2021 - 2028) | 4.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Ammunition Size
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
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