Rockville, MD (PRWEB) December 03, 2013
The Global Military Ammunition Market 2013–2023
Numerous countries in the world are currently involved in conflicts with their neighboring nations owing to reasons such as territorial disputes and terrorism. This situation is most commonly evident in the Asia Pacific region due to the rapid economic and military development among countries such as China, India, Japan, South Korea and North Korea among others. All the above mentioned countries are making rapid efforts in order to strengthen their military forces in order to be battle ready and thus involved in an arms race. And, battle readiness demands possessing adequate ammunition of various kinds including small caliber, artillery, mortar, large caliber and medium caliber.
For example, India and Pakistan share tense relations owing to the territorial disputes between each other, as well as cross-border terrorism. The countries’ militaries are involved in frequent cross-border firing despite their ceasefire agreement signed a decade ago. China and South Korea too share hostile relations owing to the Chinese government’s intentions to reunite both the countries which are strongly opposed by the latter nation. Thus, South Korea is also making significant efforts in order to defend the Chinese military power when needed, though with the support of its allies such as the US.
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The Global Military Ammunition Market 2013–2023 – Table of Contents:
2 Executive Summary
3 Global Military Ammunition Market Size and Drivers
4 Industry Trends, Recent Developments and Challenges
5 SWOT Analysis of the Military Ammunition Market
5.2.1 Continuously expanding need for ammunition in the Asia Pacific Middle East and Africa
5.2.2 Technological advancements driving the market the market for military ammunition
5.3.1 Lack of advanced manufacturing capability and skilled workforce to hinder growth of the sector
5.3.3 Ammunition shortage among major militaries such as the US and India
5.4.1 US and European economic crisis
5.4.2 New Arms Trade Treaty to negatively impact the military ammunition market
6 Country Analysis – Military Ammunition Market
7 Major Military Ammunition Programs
8 Competitive Landscape and Strategic Insights