North America Large Caliber Ammunition Market to Grow with a CAGR of 2.03% through 2030F

The North America Large Caliber Ammunition market is driven by increasing defense spending, modernization of military arsenals, geopolitical tensions, and growing demand for advanced weaponry systems.

According to TechSci Research report, “North America Large Caliber Ammunition Market – By Country, Competition, Forecast & Opportunities, 2020-2030F”, the North America Large Caliber Ammunition Market was valued at USD 1.87 Billion in 2024 and is expected to reach USD 3.02 Billion by 2030 with a CAGR of 2.03% during the forecast period. The North America large caliber ammunition market is driven owing to the growing military modernization efforts across the region. As nations like the United States focus on enhancing their defense capabilities, there is a growing demand for advanced ammunition that can support upgraded weaponry systems. Modernizing military equipment, including tanks, artillery, and naval systems, requires the adoption of more powerful and precise ammunition, particularly in large calibers. These efforts involve incorporating cutting-edge technologies like precision-guided projectiles, high-explosive rounds, and advanced fuses. As defense forces prioritize operational readiness and technological superiority, the need for large caliber ammunition continues to rise, driving market growth.

Government-supported programs play a key role in driving the North America large caliber ammunition market. In the United States, the government allocates substantial funding to defense initiatives aimed at enhancing military capabilities and modernizing weapon systems. These programs often include contracts with ammunition manufacturers to produce advanced large caliber rounds required by military forces. Also, various research and development initiatives are supported to innovate and create more efficient, powerful, and environmentally friendly ammunition. Policies aimed at ensuring national security and responding to geopolitical threats further contribute to the demand for large caliber ammunition. The U.S. Department of Defense's ongoing investment in defense infrastructure and modernization programs also facilitates the continuous growth of the large caliber ammunition market in North America.

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The North America Large Caliber Ammunition Market is segmented into caliber type, end user and region.

Based on caliber type, the 40-60mm segment is the fastest-growing channel in the North America large caliber ammunition market, due to its versatile use in a variety of military applications, including grenade launchers, mortars, and vehicle-mounted weapons. These rounds provide an ideal balance between firepower, range, and mobility, making them highly effective for both close combat and long-range engagements. The growing demand for lightweight yet powerful ammunition solutions, especially for infantry and special forces, is driving the expansion of this segment. Also, advancements in precision-guided munitions within the 40-60mm range enhance their operational effectiveness, further contributing to their rapid growth in the market.

Based on country, Mexico is the fastest-growing country in the North America large caliber ammunition market, driven by increased defense spending and modernization efforts within its military. As the country strengthens its national security in response to rising internal and external threats, there is growing demand for advanced military ammunition, including large caliber rounds. Also, Mexico's strategic position within the North American region and its involvement in international defense collaborations are contributing to the increased need for sophisticated weaponry and ammunition. With expanding defense budgets, government support, and an increasing focus on military readiness, Mexico's demand for large caliber ammunition is expected to continue growing rapidly in the coming years.

Major companies operating in North America Large Caliber Ammunition Market are:

• Northrop Grumman
• Rheinmetall AG
• Inductotherm Group
• Radyne Corporation
• General Dynamics Ordnance & Tactical Systems Inc
• Saab AB
• Denel Pretoria Metal Pressings (PMP)
• BAE Systems
• Singapore Technologies Engineering Ltd
• Global Ordnance (GO)

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“The North America Large Caliber Ammunition Market is driven by factors such as rising attacks and security threats across the region. As geopolitical tensions escalate and the global security landscape becomes more volatile, there is an increased need for advanced military ammunition to counter these growing threats. The rise in terrorist activities, border conflicts, and military aggressions has led to heightened defense preparedness, prompting nations like the United States and Canada to invest in modernizing their armed forces. Large caliber ammunition, used in artillery, tanks, and naval systems, plays a critical role in strengthening defense capabilities and ensuring military readiness. With an increasing focus on counterterrorism operations and safeguarding national security, the demand for powerful ammunition continues to rise. This growing need for enhanced military deterrence and rapid response fuels the expansion of the large caliber ammunition market across North America.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“North America Large Caliber Ammunition Market By Caliber Type (40-60mm, Above 60mm) By End User (Naval Forces, Ground Forces), By Country, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of North America Large Caliber Ammunition Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the North America Large Caliber Ammunition Market.

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