{"product_id":"south-america-small-caliber-ammunition-market-forecast-to-2028-covid-19-impact-and-regional-analysis-by-ammunition-size-5-56mm-7-62mm-9mm-12-7mm-14-5mm-45acp-338mm-22lr-223-rem-and-308-winchester-end-user-military-homeland-security-and","title":"South America Small Caliber Ammunition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Ammunition Size (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, 45ACP, .338mm, .22LR, 223 REM, and .308 Winchester), End User (Military, Homeland Security, and","description":"\u003cp\u003eSouth America Small Caliber Ammunition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Ammunition Size (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, 45ACP, .338mm, .22LR, 223 REM, and .308 Winchester), End User (Military, Homeland Security, and Law Enforcement Agencies), and Gun Type (Pistols, Rifles, and Shot Guns)\u003c\/p\u003e\n\n\u003cp\u003eThe 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. The need of modernizing military operations with rapid changes in warfare is expected to drive the market growth. Rapid changes in modern warfare are urging governments to allocate higher amounts toward respective military forces. The forces are focusing on caliber sizes such as 7.62 mm for attaining greater projectile ranges, as the existing calibers such as 5.56 mm are becoming ineffective in piercing tougher armors. The military budget allocation enables the military forces to engage themselves in the development of robust indigenous technologies alongside procuring advanced weapons, ammunitions, vehicles, and other equipment from domestic and international manufacturers. Moreover, the solider and military vehicle modernization practices help them keep their personnel and vehicles mission ready. The increased military investments are being channelized toward the procurement of newer technologies, including different types of ammunitions, which is boosting the growth of the SAM small caliber ammunitions market. The militaries of almost all major defense spending nations maintain an arsenal consisting of numerous self-propelled and towed howitzers and main battle tanks (MBTs). The armies are involved in regular training exercises with these weapon systems. Therefore, they need to stock significant quantities of tank, artillery, and training ammunition, depending on the number of launch platforms they possess. Small caliber ammunition is a part of artillery ammunition of various defense forces across the SAM region. Moreover, military professionals are focusing on calibers such as 7.62 mm for higher projectiles as the existing widely used calibers such as the 5.56 mm are becoming ineffective in piercing tougher armors. Therefore, the government and military forces are emphasizing on investing on ammunitions, which is fostering the SAM small caliber ammunition market.\u003c\/p\u003e\n\n\u003cp\u003eThe worst-affected country by COVID-19 in SAM is 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 economic revenues of several countries. Until the outbreak of COVID-19, the defense industry was experiencing substantial growth in terms of production and services. Due to the COVID-19 pandemic, ammunition and assembly line manufacturing across 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 its military forces. The closure of international borders, restrictions in international trades, and governmental focus toward containing the spread of the virus have been deprioritizing military expenditure. These factors negatively influence various military and defense equipment markets, including small caliber ammunition.\u003c\/p\u003e\n\n\u003cp\u003eBased on gun type, the rifles segment is expected to be fastest growing during forecast period in the SAM region. Rifles are the long barrel firearm and ideal for training and war purposes. The rising cross-border conflicts is one of the key factors for the increasing demand for rifles. The increased demand for rifles across the SAM region is boosting the rifles segment, which is, in turn, propelling the SAM small caliber ammunition market over the years. The procurement trend of rifles is anticipated to surge through 2028 among the military force, law enforcement agencies, and homeland security teams. This parameter is analyzed to forecast the rifles segment in the SAM small caliber ammunition market. The advantages such as long range, highly accurate, and reliability of rifles are expected to increase its demand, which will also increase the demand for small caliber ammunition and subsequently drive the SAM small caliber ammunition market during forecast period.\u003c\/p\u003e\n\n\u003cp\u003eThe overall SAM small caliber ammunition market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the SAM small caliber ammunition market. The process also serves the purpose of obtaining overview and forecast for the SAM small caliber ammunition market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM small caliber ammunition market. BAE Systems Plc, CBC Global Ammunition, Elbit Systems Ltd., FN HERSTAL, and Northrop Grumman Corporation are among a few players operating in the SAM small caliber ammunition market.\u003c\/p\u003e \n\n\u003cp\u003eReason To Buy\u003c\/p\u003e\n\n\u003cp\u003eSave and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM small caliber ammunition market.\u003cbr\u003e\nHighlights key business priorities in order to assist companies to realign their business strategies\u003cbr\u003e\nThe key findings and recommendations highlight crucial progressive industry trends in SAM small caliber ammunition market, thereby allowing players across the value chain to develop effective long-term strategies\u003cbr\u003e\nDevelop\/modify business expansion plans by using substantial growth offering developed and emerging markets\u003cbr\u003e\nScrutinize in-depth SAM market trends and outlook coupled with the factors driving the small caliber ammunition market, as well as those hindering it  \u003cbr\u003e\nEnhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"June, 2021 \/ 115 Pages \/ MCW16268913","offer_id":47703831052594,"sku":null,"price":3600.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/south-america-small-caliber-ammunition-market-forecast-to-2028-covid-19-impact-and-regional-analysis-by-ammunition-size-5-56mm-7-62mm-9mm-12-7mm-14-5mm-45acp-338mm-22lr-223-rem-and-308-winchester-end-user-military-homeland-security-and","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}