Monday, 25 November 2013

The Global Military Ammunition Market 2013 - 2023

The Global Military Ammunition Market 2013-2023” provides detailed analysis of the current industry size and growth expectations from 2013 to 2023, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits
The report provides detailed analysis of the market for military ammunitionduring 2013-2023, including the factors that influence why countries are investing or cutting expenditure on military ammunition. It provides detailed expectations of growth rates and projected total expenditure.
The global ammunition industry is expected to witness a steady rise in the number of joint ventures and strategic alliances during the forecast period, due to the insufficient indigenous manufacturing capabilities of numerous countries such as the US, India, and Brazil. These countries are dependent on foreign ammunition manufacturers in order to meet demand and develop indigenous ammunition manufacturing capabilities. Some recent notable joint ventures are mentioned below:
By the end of 2013, Russia and India are expected to establish a joint venture to manufacture ammunition for the Smerch multiple launch rocket system in India. The Russian firms Rosoboronexport and OAO NPO Splav are expected to form a joint venture with the artillery production department of the Indian defense ministry in order to produce, as well as provide after sales support to, the specified ammunition in India.
In April 2012, General Dynamics Ordnance and Tactical Systems and Rheinmetall Defense announced the formation ofa joint venture called Defense Munitions International, LLC in order to develop and market the new and existing kinetic energy and multi-purpose cartridges,which are elements of tank ammunition. The JV intends to market these products in the US as well as international markets.
In January 2012, BAE Systems and Olin Winchester announced that they have formed a joint venture called US Munitions, LLC in the US. The joint venture was formed with an aim to undertake the contract awarded by the US DoD to manage, operate and maintain its Lake City Army Ammunition Plant till 2022. The contract is worth US$8.4 billion. 

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