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Ammunition Market to Grow by USD 3.9 Billion from 2024-2028, Driven by Geopolitical Conflicts and Tensions; AI Impact on Market Trends – Technavio

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NEW YORK, Sept. 27, 2024 /PRNewswire/ — The Global Ammunition Market size is estimated to grow by USD 3.9 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  3.21%  during the forecast period. Prevalence of geopolitical conflicts, political tensions, and cross-border issues is driving market growth, with a trend towards growing asymmetric warfare worldwide. However, proliferation of illicit ammunition manufacturers  poses a challenge – Key market players include Adani Group, AMMO Inc., BAE Systems Plc, BERETTA HOLDING SA, CBC Ammunition, Denel SOC Ltd., Elbit Systems Ltd., Fabbrica dArmi Pietro Beretta S.p.A., General Dynamics Corp., Ordnance LLC, Hanwha Corp., Herstal SA, Industrias Tecnos S.A. De C.V., KNDS N.V., Lockheed Martin Corp., Mesko SA, Nammo AS, Northrop Grumman Corp., Olin Corp., Polska Grupa Zbrojeniowa SA, Poongsan Corp., Rheinmetall AG, Singapore Technologies Engineering Ltd., Thales Group, and Vista Outdoor Inc..

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Ammunition Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.21%

Market growth 2024-2028

USD 3.9 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.07

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key countries

US, China, Russia, India, and UK

Key companies profiled

Adani Group, AMMO Inc., BAE Systems Plc, BERETTA HOLDING SA, CBC Global Ammunition, Denel SOC Ltd., Elbit Systems Ltd., Fabbrica dArmi Pietro Beretta S.p.A., General Dynamics Corp., Global Ordnance LLC, Hanwha Corp., Herstal SA, Industrias Tecnos S.A. De C.V., KNDS N.V., Lockheed Martin Corp., Mesko SA, Nammo AS, Northrop Grumman Corp., Olin Corp., Polska Grupa Zbrojeniowa SA, Poongsan Corp., Rheinmetall AG, Singapore Technologies Engineering Ltd., Thales Group, and Vista Outdoor Inc.

Market Driver

Asymmetric warfare, characterized by significant differences in military capabilities and strategies between opposing forces, has become prevalent in various global conflicts. Guerrilla warfare, a form of asymmetric warfare, is employed by militant groups who do not occupy large bases and instead use surprise attacks, ambushes, and terrorist tactics. Night combat is a common strategy in such conflicts, leading to an increased demand for advanced imaging systems and ammunition. The US military has utilized passive night vision devices and thermal imagers in weapons such as RPG-7 rocket launchers, M-72 66mm Light Anti-Tank Weapons, M-79 40mm grenade launchers, and M-67 90mm recoilless rifles. The Middle East’s economic and political instability over the last quarter-century has resulted in numerous instances of asymmetric warfare, increasing the demand for ammunition. Consequently, the global ammunition market is anticipated to grow during the forecast period. 

The Ammunition Market is experiencing significant growth due to the demand for newer generation ammunition by armed forces and militaries worldwide. Penetrating power and accuracy are key factors driving this trend. Training ammunition is also in high demand for peacekeeping missions and military personnel training. Companies like Rheinmetall and General Dynamics lead the market with innovative solutions, such as polymer-cased ammunition and advanced calibers. Militaries are modernizing their infantry weapons, leading to increased competition among munitions manufacturers. Military spending and geopolitical tensions continue to fuel demand for combat equipment, arms, and ammunition. Law enforcement agencies and reserve forces also contribute to the market’s gross volume. Expressions of Interest for artillery guns and the development of new calibers, like the Advanced 9mm Cartridge, further boost the industry. The area of impact and munition range are crucial considerations for military personnel, leading to the stockpiling of war reserves and inventory management. Terrorism and warfare equipment also contribute to the market’s growth. 

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Market Challenges

The global ammunition market faces significant challenges due to the illicit production and trade of ammunition. According to the United Nations Office of Disarmament Affairs (UNODA), over 80% of ammunition trade remains outside of reliable export data. The causes of weapons diversion are classified into six major categories by Conflict Armament Research (CAR): battlefield capture, loss from state custody, state-sponsored diversion, poorly managed national stockpiles, state collapse, and unknown causes. However, expert groups monitoring UN arms embargoes attribute the deviation of ammunition to the lack of basic accountability systems. The proliferation of illicit ammunition manufacturers poses a major threat to global security, as these manufacturers produce and transfer unmarked ammunition across international borders. This illegally manufactured ammunition is often used in terrorist activities and negatively impacts the demand for branded ammunition. Therefore, the rise of illicit ammunition manufacturers is expected to negatively impact the growth of the global ammunition market during the forecast period.The Ammunition Market faces numerous challenges in various sectors. In the military and law enforcement arenas, terrorism and warfare equipment requirements drive demand for ammunition and combat equipment. Defense budgets prioritize inventory for armed personnel, necessitating stockpiling of war reserves, artillery, and small-caliber ammunition. In civilian sectors, demand comes from sporting, hunting, self-defense, and territorial conflicts. Political instabilities, economic inequalities, and ceasefire violations fuel the need for military ordnance. The ammunition industry confronts regulatory hurdles, including restrictive legislation and compliance issues. The Gun Control bill and the Arms Trade Treaty, as multilateral treaties, impact international measures. Military modernization calls for infantry support programs and weaponry upgrades, often in specific calibers. Cross-border terrorism and drug trafficking activities further complicate the landscape. The ammunition market must adapt to these challenges while addressing civilian disarmament initiatives and firearms-related products.

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Segment Overview 

This ammunition market report extensively covers market segmentation by

Product 1.1 Small caliber1.2 Medium caliber1.3 Large caliberApplication 2.1 Defense2.2 Civil and commercialGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Small caliber-  The ammunition market is a significant sector in the global defense industry. Companies manufacture and supply various types of ammunition, including small arms, artillery, and missile ammunition, to military forces and law enforcement agencies. Demand for ammunition is driven by military training and combat operations. Key players in the market include Rheinmetall, Nammo, and BAE Systems. Competition is fierce, and companies focus on innovation, quality, and cost-effectiveness to gain an edge. The market size is expected to grow due to ongoing military modernization programs and increasing defense budgets.

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Research Analysis

The Ammunition Market encompasses the production and sale of warfare equipment, including ammunition, combat equipment, and arms, for military and law enforcement agencies. Defense budgets play a significant role in driving demand for ammunition, as armed personnel rely on a constant supply of cartridges to maintain readiness. The industry continues to innovate, with newer generation ammunition offering increased penetrating power and improved performance for armed forces and militaries. Rifles come in various calibers, with the Advanced 9mm Cartridge gaining popularity due to its versatility and effectiveness. The ammunition industry caters to the unique needs of military and law enforcement agencies, ensuring they have access to reliable and effective equipment for training and combat situations.

Market Research Overview

The Ammunition Market encompasses a wide range of products used in warfare equipment and combat situations. These include bullets, artillery shells, and other firearms-related products. Factors driving the market include terrorism, wars, cross-border terrorism, political instabilities, territorial conflicts, and economic inequalities. Military modernization, military spending, and geopolitical tensions are also significant factors. The market caters to armed personnel in military and law enforcement agencies, as well as civilian sectors for sporting, hunting, self-defense, and infantry support programs. The industry faces regulatory hurdles, compliance issues, and restrictive legislation such as the Arms Trade Treaty and Gun Control bill. Newer generation ammunition with increased penetrating power is in high demand, along with training ammunition for peacekeeping missions and rifles in various calibers. Companies produce artillery guns, munitions, and polymer-cased ammunition to meet the demands of militaries and military personnel, with competition among active military personnel, reserve forces, and civilian sectors driving expression of interest in advanced 9mm cartridges and other military ordnance.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSmall CaliberMedium CaliberLarge CaliberApplicationDefenseCivil And CommercialGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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ZINZINO AB (PUBL.): ENTERS INTO AGREEMENT TO PROVIDE DIP FINANCING TO ZURVITA INITIATING CHAPTER 11 PROCESS

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19 minutes ago

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December 22, 2024

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GOTHENBURG, Sweden, Dec. 22, 2024 /PRNewswire/ — Zinzino has in a press release dated 20240617 announced that a letter of intent to acquire 100% of the shares in the North American direct selling company Zurvita Inc. “Zurvita or the Company” was signed. Since then, Zinzino has negotiated with the owners of Zurvita Inc. and instead concluded that the purchase of Zurvita’s assets in a Chapter 11 proceeding for the Company is in Zinzino’s best interest.

Zinzino is providing a debtor-in-possession (DIP) financing to Zurvita, which filed for Chapter 11 bankruptcy proceedings on the 20th December 2024. By entering as a financier in Zurvita’s Chapter 11 with loans totaling USD 4.5 million, Zinzino simultaneously makes an offer to acquire the company’s assets via a so-called stalking horse bid. If the bid is accepted, the DIP loan will be converted into part of a debt-settled purchase price, which will be determined after Zurvita has completed the sale process that is subject to higher and better offers in accordance with the applicable terms of Chapter 11. Other bidders have the right to submit bids for Zurvita during the process and if another bid is accepted, Zinzino’s loan will be repaid and certain of its costs associated with the process will be reimbursed. 

Zurvita is a direct selling health company with operations in the United States, Canada and Mexico. The brand portfolio offers a range of innovative health and wellness products. The business has total annual sales of approximately USD 30 million with good gross margins. A potential transaction with Zinzino is expected to add growth through the synergies arising from the joint networks, combined with Zinzino’s test-based product concept. The profitability of the Company will thus be able to develop well by utilizing Zinzino’s existing technical platform and organization.

A visionary mindset, tech first perspective, test-based nutrition at the cellular level and a strong position to capitalize on current trends will form the basis of the new partnership. Following the acquisitions of VMA Life in 2020, Enhanzz in 2022, the strategic partnership with ACN and the recently completed asset acquisition of Xelliss, Zinzino has been looking for further strong investments to maintain its sustainable, profitable growth, strengthen its distribution power, expand into new markets and leverage the product portfolio in new consumer areas.

– “Individualized advice and tailored solutions are the future, and not just in health and wellness,” says Dag Bergheim Pettersen, CEO of Zinzino. “Together, we have years of combined industry experience and everything it takes to drive the modern, personalized shopping experience through direct sales”. Jay Shafer, CEO and co-founder of Zurvita, states “After considering multiple options for the company and under the guidance of our attorneys and third-party advisors, we feel this presents the best opportunity to continue Zurvita’s mission, deliver the highest quality products, and provide continuity for our staff and consultants. We are excited to see what the future holds for Zurvita.” 

For more information:
Dag Bergheim Pettersen CEO Zinzino +47 (0) 932 25 700, www.zinzino.com

Pictures for publication free of charge:
marketing@zinzino.com

Certified Adviser:
Carnegie Investment Bank AB (publ.)

Zinzino AB (publ.) is obliged to publish this information in compliance with current EU regulations governing market abuse. The information was provided by the above contact person for publication at 20.00 on the 21st of December 2024.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/zinzino/r/zinzino-ab–publ–enters-into-agreement-to-provide-dip-financing-to-zurvita-initiating-chapter-11-pr,c4086040

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Meet With Culture: Exquisite Craftsmanship of Traditional Chinese Architecture

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2 hours ago

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December 22, 2024

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BEIJING, Dec. 22, 2024 /PRNewswire/ — The Temple of Agriculture in Beijing played a significant role during the Ming (1368-1644) and Qing (1644-1911) dynasties. Over nearly 600 years, 25 emperors personally visited or sent ministers to perform spring farming ceremonies and offer sacrifices to Shennong, the god of agriculture.

 

Built in 1420 during the Yongle reign, the temple’s predecessor was the Temple of Mountains and Rivers in Nanjing. When Emperor Zhu Di moved the Ming capital to Beijing, he constructed a larger temple inspired by the Nanjing temple, which gradually evolved into the Temple of Agriculture.

The Taisui Hall, the largest building complex in the temple, now serves as a major exhibition hall of the Beijing Ancient Architecture Museum, showcasing models of classical Chinese buildings and demonstrating the solemnity of royal architecture.

Ancient Chinese architecture is predominantly wooden-structured, chosen for its availability, versatility, and earthquake resistance. Artisans developed sophisticated techniques in material selection and construction. The wooden framework consists of columns, beams, girders, and purlins, with innovative structural forms like lifting-beam and piercing-bracket structures.

A unique architectural element is the dougong (bracket sets), which supports weight and connects beam frames with column walls. Mortise-tenon joints were invented to create elastic frameworks by connecting different components.

While discussing the Temple of Agriculture, it’s worth noting another remarkable example of architectural hierarchy which could be found in the Temple of Heaven. The hierarchy of architectural designs reflected social stratification, with eave structures like the triple-layered eaves of the Hall of Prayer for Good Harvest representing the highest-level architectural design.

Over centuries, the Temple of Agriculture has transformed from an imperial garden to a public park and a museum for historical architecture, now standing as a significant cultural landmark that symbolizes China’s agricultural civilization and architectural heritage along Beijing’s Central Axis.

Quickly join Alexandre to study and explore the traditional Chinese architecture.
https://youtu.be/YpA03WiZ9Wc

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SOURCE China International Communications Group

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Second Opinion Expert Announces Filing of U.S. Patent for Method of Generating Medical Opinions Using Artificial Intelligence

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2 hours ago

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December 22, 2024

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Patent leverages AI technology to improve patient outcomes and reduce cost of care

DANA POINT, Calif., Dec. 22, 2024 /PRNewswire-PRWeb/ — SecondOpinionExpert, Inc. (SOE), a leading healthcare technology company, announced today that it has filed patent application 133902-0002UT01 with the United States Patent and Trademark Office entitled “Method and Apparatus for Generating Automated Medical Opinions Using Artificial Intelligence.” The patent covers the company’s proprietary system that communicates a medical opinion to a user based on a trained model that uses artificial intelligence (AI) or machine learning (ML).

“In the near future, we’ll launch our free app, enabling users to access high-quality medical opinions. This innovative app empowers individuals with insightful medical guidance that improves health and saves lives,” said Steve Krause, President of SecondOpinionExpert, Inc.”

Medical second opinions have traditionally been obtained by seeking out another healthcare professional who reviews the patient’s medical records, diagnoses, and tests. However, the rapidly increasing complexity of medical information, the demand for faster turnaround times, and the limitations of human expert availability have created a need for automated systems that utilize AI to generate both first and second medical opinions.

Artificial intelligence has made significant strides in medical diagnostics, including image recognition, predictive modeling, and natural language processing (NLP). These advancements present an opportunity to augment traditional second opinion systems by automatically processing patient medical records, diagnostic tests, and clinical data to generate high-quality first and second medical opinions.

SecondOpinionExpert’s technology increases the quality and efficiency of healthcare delivery, improves healthcare access and empowers doctors and patients to make better informed medical decisions. The HIPAA-compliant patented platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems enabling the company to provide fast, reliable and secure online medical opinions. The system provides patients greater peace of mind by leveraging the power of AI and ML.

“Our patent-pending AI enabled technology platform provides a cost-effective choice that improves patient care,” said Steve Krause, President, SecondOpinionExpert, Inc. “In the near future, we look forward to launching our user-friendly app that will be initially free of charge. People using our platform will be able to quickly obtain high quality medical opinions while avoiding unnecessary travel time and expense, knowing that they will be getting insightful medical guidance that improves health and saves lives.”

About SecondOpinionExpert

SOE’s mission is to provide innovative medical technology solutions to improve healthcare while reducing costs.

Our patented HIPAA-compliant platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems, enabling the company to provide fast, reliable and secure online medical opinions to inform both diagnosis and treatment planning. We empower patients, providers and payors to work together to make the best possible medical decisions, leading to better health outcomes and greater peace of mind for patients. SOE’s panel of 400+ board-certified medical specialists are available to render expert opinions informed as needed by AI and genomics.

SOE also owns and/or manages a rapidly growing network of facilities for post-acute care and substance treatment. Our proprietary platform for Electronic Medical Records (EMR) empowers best practices in administration and medical services.

Our proprietary TeleMedics Mobile Platform empowers and chronicles on-site visits from qualified medics or nurses. Mobile staff provide the human connection, capturing vitals and doing diagnostics and therapeutics, with the patient’s doctor participating as needed through live video. We work with our affiliate Intra Care, Inc. to provide superior home health and hospice care. We provide Remote Patient Monitoring (RPM) delivered through a strategic relationship with KangarooHealth, in-home respirators delivered and monitored by SOE affiliate Momentum Equipment and Pandemic Response through our MaxVax solution.

Additional information can be found at SOE.CARE

Media Contact

Jay Kilberg, Second Opinion Expert, Inc., 1 917.543.6285, jay.kilberg@soe.care, https://soe.care

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SOURCE Second Opinion Expert, Inc.

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