Ammunition Market Size [2022-2030] to Reach USD 33.4 Billion and Exhibit a CAGR of 4.2%

Berlinhopkin29 Aug, 2022Business

Ammunition are objects which are inserted inside any weapon to hit a target. Some examples of ammunition are bullets, artillery shells, aerial bombs, or mortars. The 9mm cartridge is gaining popularity due to its advanced technology and versatile performance. FBI, in October 2015, announced that its agents would carry 9mm pistols instead of .40 S&W. The reduced recoil of the 9mm pistol enables faster acquisition of targets that helps in creating more quicker and accurate follow-ups. The 9mm pistol is also popular among frequent shooters as it is cost-efficient. Furthermore, the US army has developed technologically advanced snipper bullets guided by laser technology which helps the forces track the target in unfavorable conditions such as harsh and windy weather. The demand for ammunition will not be significantly affected as ammunition is an essential component of the frontline infantry.

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