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The ammunition market size is forecast to increase by USD 3.9 billion, at a CAGR of 3.21% between 2023 and 2028. Market expansion hinges on various factors, including the prevalence of geopolitical conflicts, political tensions, and cross-border issues, the escalating procurement of ammunition, including Nato ammunition, by armed forces and border security agencies, and the global surge in drug trafficking. These factors collectively contribute to the demand for security and defense-related products and services. Heightened geopolitical tensions and conflicts often lead to increased military expenditures, driving the procurement of ammunition and other defense equipment. Additionally, the rise in drug trafficking activities necessitates enhanced border security measures, further stimulating demand for ammunition and related products and driving defense IT spending. As these geopolitical and security challenges persist, the market for ammunition and security solutions is expected to witness steady growth, catering to the evolving needs of defense and law enforcement agencies worldwide. Our market growth analysis report examines historic data from 2018 - 2022, besides analyzing the current and forecasts market scenario.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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