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Ammunition Market 2025-2035
The global ammunition market is projected to reach US$ 28.7 billion by 2025, driven by increasing geopolitical tensions, military modernization programs, and rising defense budgets. By 2035, the market is expected to surpass US$ 51.4 billion, expanding at a CAGR of 7.2%. With advancements in precision-guided munitions, next-generation small arms, and military collaborations, the demand for technologically superior ammunition continues to rise.
Report ID
17639
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Industrial Automation
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