Top 14 Ammunition Manufacturers in the World

The global ammunition market size reached US$ 24.8 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the ammunition market are engaged in expanding their product portfolio and gaining a competitive edge. These companies are focusing on introducing ammunition with lightweight bullets, which are manufactured from polymer-based cases as they are lighter, less expensive to produce, and environment friendly as compared to traditional ammunition. Moreover, the advent of smart ammunition that uses sensors and microchips to provide information about the trajectory, velocity, and location of the ammunition is influencing the market positively. Apart from this, key players are launching guided ammunition that uses a global positioning system (GPS) or other guidance systems to steer the projectile toward a target. Looking forward, the market value is expected to reach US$ 34.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.62% during 2024-2032. 

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List of Top Manufacturers Operating in the Ammunition Industry:

The global ammunition market has several major players including AMMO, Inc., ARSENAL JSCo., BAE Systems PLC, CBC Global Ammunition, Denel SOC Ltd, Hanwha Corporation, Herstal SA (Herstal Group), Hornady Manufacturing, Inc., Nammo AS, Nexter group KNDS, Northrop Grumman Corporation, Nosler Inc, Rheinmetall AG, and Sierra Bullets. More information about these companies has been provided below.

1. AMMO, Inc.

AMMO, Inc. produces a wide range of high-quality ammunition for military, law enforcement, and civilian use, including rifle, pistol, and shotgun ammunition. Its products are known for their consistency, accuracy, and reliability, which makes them a widespread choice among shooting enthusiasts and professionals alike. It is also committed to environmental sustainability and uses only non-toxic materials in its production process.

2. ARSENAL JSCo.

ARSENAL JSCo. specializes in the production of military equipment and munitions. Its product line includes a wide range of military equipment, including small arms, artillery, and armored vehicles. It also produces ammunition for both military and civilian use, including rifles, pistols, and shotguns. It is known for its commitment to quality and innovation, and its products are highly regarded by military professionals and enthusiasts around the world. It also offers a range of maintenance and repair services to ensure that its equipment is always in top condition.

3. BAE Systems PLC

BAE Systems PLC is a multinational defense, security, and aerospace company that has a global presence and operates in over 40 countries with a workforce of over 85,000 employees. Its product portfolio includes a wide range of defense systems and platforms, including combat vehicles, aircraft, missiles, and naval ships. It also provides a range of services, including cybersecurity, intelligence, and surveillance. The company has a strong focus on innovation and technology, investing heavily in research and development to ensure that its products remain at the forefront of the industry.

4. CBC Global Ammunition

CBC Global Ammunition produces a wide range of ammunition products, including rifle, pistol, and shotgun ammunition, and components for reloading. Its products are used by military and law enforcement agencies, as well as by shooting enthusiasts and hunters around the world. The company is recognized for its commitment to quality, innovation, and safety, and its products are tested to rigorous standards to ensure their reliability and consistency. It also offers a range of training and consulting services, which help educate customers on the safe and effective use of firearms.

5. Denel SOC Ltd

Denel SOC Ltd designs and manufactures a wide range of products, including defense systems, missiles, and munitions, as well as aircraft and aerospace components. It is one of the biggest defense companies in Africa, and its products are used by domestic and international customers, including military and law enforcement agencies. It offers a range of services, including training and consulting, to help its customers maximize the use of its products. It is a trusted partner for governments and organizations with a verified track record of success and a commitment to excellence around the world.

6. Hanwha Corporation

Hanwha Corporation operates in various industries, such as aerospace, defense, chemical, finance, and construction. Its global presence is impressive, with operations in more than 50 countries and a workforce of over 62,000 employees worldwide. It is dedicated to innovation and has invested in research and development (R&D) to stay ahead of the curve in its various industries.

7. Herstal SA (Herstal Group)

Herstal SA (Herstal Group) is known for producing high-quality firearms and ammunition for military, law enforcement, and civilian use. It has an elongated history of innovation, and its products are renowned for their accuracy, reliability, and durability. It is committed to meeting the highest standards of quality and safety, and its products undergo rigorous testing and quality control before they are sold to customers.

8. Hornady Manufacturing, Inc.

Hornady Manufacturing, Inc. produces a wide range of ammunition types for handguns, rifles, and shotguns, including hunting, self-defense, and target shooting rounds. It also produces reloading equipment, such as dies, presses, and powder measures, and other shooting accessories. The company is known for its exceptional accuracy, consistent performance, and advanced features such as ballistic coefficients, low drag tips, and precision swaged cores.

9. Nammo AS

Nammo AS specializes in producing ammunition, rocket motors, and rocket-propelled grenades for military and civilian use. Its products are used by militaries across the world, and law enforcement agencies, hunters, and sports shooters. It aims for innovation and sustainability and has set a goal to become the most sustainable ammunition manufacturer in the world. It has developed advanced technologies to reduce the environmental impact of its products, including lead-free ammunition and rocket motors with lower emissions.

10. Nexter group KNDS

Nexter group KNDS is a French defense company that specializes in producing land systems, ammunition, and related services. It produces a variety of ammunition types for military use, including artillery rounds, small arms ammunition, and tank ammunition. The company is known for its advanced technologies, such as programmable fuses that can be set to detonate at a specific time or altitude, and self-destruct mechanisms that reduce the risk of unexploded ordnance. It also produces armored vehicles, artillery systems, and other defense equipment.

11. Northrop Grumman Corporation

Northrop Grumman Corporation specializes in producing advanced aircraft, spacecraft, electronics, and defense systems for the military, government, and commercial sectors. It produces unmanned aerial vehicles (UAVs) and defense electronics such as radar and missile defense systems. It is dedicated to innovation and has a strong focus on research and development, with significant investment in new technologies such as artificial intelligence, cybersecurity, and autonomous systems.

12. Nosler Inc

Nosler Inc is an American manufacturer of high-quality ammunition, bullets, and firearms. It is recognized as one of the leading manufacturers of hunting ammunition and bullets in the world. It produces a wide range of ammunition types for rifles, handguns, and shotguns, including hunting, self-defense, and target shooting rounds. Its ammunition is known for its exceptional accuracy, consistent performance, and advanced features such as polymer tips, bonded cores, and low-drag coefficients.

13. Rheinmetall AG

Rheinmetall AG produces a wide range of military equipment, including armored vehicles, artillery systems, ammunition, and air defense systems. It also sells components and systems for the automotive industry, including emission reduction technologies, engine components, and electric drivetrains. It is committed to innovation and sustainability and has set a goal to reduce the environmental impact of its products and operations. It has developed advanced technologies to reduce emissions and improve fuel efficiency, and technologies for reducing the environmental impact of its defense products, such as lead-free ammunition.

14. Sierra Bullets

Sierra Bullets specializes in producing high-quality bullets for rifles and handguns. It produces different bullets for target shooting, hunting, and self-defense, including hollow point, boat-tail, and match-grade bullets. Its bullets are known for their exceptional accuracy, consistent performance, and advanced features such as polymer tips, bonded cores, and low-drag coefficients. It also manufactures a line of reloading equipment and supplies for shooters who prefer to reload their own ammunition. It has a robust focus on innovation and continually develops new technologies to improve the performance of its products.

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