Asia-Pacific Large Caliber Ammunition Market Grow with a CAGR of 9.35% through 2030F

The Asia-Pacific Large Caliber Ammunition market is driven by rising defense budgets, military modernization, increasing geopolitical tensions, and growing demand for advanced weaponry across the region.

According to TechSci Research report, “Asia-Pacific Large Caliber Ammunition Market – By Country, Competition, Forecast & Opportunities, 2020-2030F”, the Asia-Pacific Large Caliber Ammunition market stood at USD 1.02 billion in 2024 and is expected to grow USD 1.73 billion by 2030 with a CAGR of 9.35% during the forecast period. The growth of the Asia-Pacific Large Caliber Ammunition market is driven by the rising defense budgets across the Asia-Pacific region. As countries such as China, India, Japan, and South Korea increase their military expenditures, there is a heightened demand for advanced weaponry, including large caliber ammunition for artillery, tanks, and naval systems. These nations are focused on modernizing their armed forces to maintain strategic advantage and address regional security challenges. A larger defense budget allows for the procurement of state-of-the-art munitions, leading to the growth of the large caliber ammunition market. Also, as military modernization intensifies, the need for more powerful, precise, and technologically advanced ammunition continues to rise.

The Asia-Pacific Large Caliber Ammunition market is being driven owing to the presence of major players in the Asia-Pacific region. Companies such as BAE Systems, Northrop Grumman, Rheinmetall, play a significant role in supplying advanced ammunition solutions to military forces across the region. These industry leaders invest heavily in research and development to produce high-performance, precision-guided, and environmentally sustainable ammunition. Their ability to offer innovative, high-quality products has fueled the demand for large caliber munitions, especially in countries like China, India, and Japan, which are rapidly modernizing their defense forces. Also, partnerships with governments and defense agencies strengthen their position in the market, driving further growth. The continuous technological advancements introduced by these major players contribute to meeting the evolving defense requirements of the Asia-Pacific region, enhancing the overall market's expansion.

Browse over xx market data figures spread through xx Pages and an in-depth TOC on "Asia-Pacific Large Caliber Ammunition Market” 

The Asia-Pacific Large Caliber Ammunition market is segmented into caliber type, end user and country.

Based on the caliber type, the 40-60mm segment is the fastest growing in the Asia-Pacific Large Caliber Ammunition market, due to its versatility and increasing demand across military platforms. These rounds are widely used in grenade launchers, mortars, and vehicle-mounted weapons, offering a balance of firepower and maneuverability. As defense forces in the region, particularly in countries like China and India, modernize their military capabilities, the need for efficient, medium-caliber ammunition has surged. The 40-60mm rounds are particularly valued for their ability to deliver powerful, accurate strikes in both land and maritime combat scenarios. Also, advancements in precision-guided munitions within this caliber are further fueling its growth in the market.

Based on the country, India is the fastest-growing country in the Asia-Pacific Large Caliber Ammunition market, due to its rapidly expanding defense budget and modernization efforts. The Indian government is investing heavily in upgrading its military capabilities, including the acquisition of advanced large caliber ammunition for artillery, tanks, and naval systems. With a focus on strengthening its defense posture amid regional security concerns, India is increasingly prioritizing the development of high-performance munitions. Also, the growing demand for advanced weaponry to address emerging threats further fuels the market’s expansion in the country. India's strategic investments in defense technology ensure continued growth in the large caliber ammunition segment.

Major companies operating in the Asia-Pacific Large Caliber Ammunition market are:

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

Download Free Sample Report

Customers can also request 10% free customization in this report.

“The Asia-Pacific Large Caliber Ammunition market is witnessing substantial growth, owing to the rising attacks and security threats across the region. The region has seen an increase in both traditional and asymmetrical warfare, including territorial disputes, counterterrorism efforts, and regional military conflicts. These rising security challenges, particularly in areas like the South China Sea and along the Indian Pakistani border, have led to greater investments in defense and military preparedness. Countries such as China, India, Japan, and South Korea are modernizing their armed forces to address these threats, which drives the demand for advanced large caliber ammunition. Large caliber rounds, used in artillery, tanks, and naval systems, are critical for strengthening military deterrence and enhancing response capabilities to growing attacks, thus boosting market growth.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm. 

"Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific Large Caliber Ammunition market.

Contact Us-

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: sales@techsciresearch.com

Website: www.techsciresearch.com