coupled with rising territorial conflicts between the countries. India is
expected to contribute most in the market with increasing investments in
modernizing the military facilities. The investments made by the countries
for instance, China, South Korea and Japan in defense to develop high end
military facilities is anticipated to boost the market growth.
Increasing Regional Conflicts and Geopolitical Issues to Boost the
Demand for Artillery Ammunitions
The increasing territorial tensions coupled with rise in rate of terrorism is
expected increase the product demand during the forecast period. The
countries are developing new technologies to strengthen their military for
instance, South Korea has been investing heavily in military to develop latest
ammunitions.
Recent Developments – The automation in reconnaissance, surveillance,
and target acquisition has developed such systems which have integrated
computer systems for technical and tactical fire control. Rockwell Collins has
developed the system which can provide digital fire solutions which enable
the digital calls to be used for indirect fires on mortar, range systems and
artilleries.
The high cost associated with the ammunitions and the limited budgets are
the key restraints due to which these are unaffordable to many low economic
countries, thereby limiting the product demand during the forecast period.
This report also provides the existing competitive scenario of some of the key
players of the global artillery ammunition market which includes
company profiling of General Dynamics Corporation, BAE Systems, Alliant