Small Caliber Ammunition Market Supply-Demand, Production Cost and Share Analysis
Small Caliber Ammunition Market Summary The global small caliber ammunition market size was estimated at USD 12.93 billion in 2024 and is anticipated to reach USD 17.04 billion by 2033, growing at a CAGR of 3.0% from 2025 to 2033. Market growth is largely driven by increasing global military expenditure and the ongoing modernization of defense forces. Small caliber ammunition plays a critical role in equipping infantry and security forces with tactical versatility while offering cost-effective training solutions. Many countries are actively upgrading their armed forces with advanced weapon systems that depend heavily on small caliber rounds for operational efficiency. Rising geopolitical tensions and internal security challenges across regions such as Eastern Europe, the Middle East, and parts of Asia are prompting governments to enhance defense readiness, including steady procurement of ammunition for both training and combat purposes. Additionally, technological adv...