AMMUNITION MARKET Ammunition Market Overview : Ammunition Market is estimated to reach $25 Billion by 2024 with CAGR of 6.0% between 2016 and 2024. Ammunitions are objects that can be shot from a weapon and are highly explosive. Ammunitions or cartridges are used in an assortment of firearms ranging from short pistols to heavy automatic weapons, also known as machine guns. Almost all the weapons require some kind of ammunition to operate. Standardized specifications for the size, shape and ballistic performance have been set for the majority of military and civilian ammunitions. Expansion rate, physical size, shape of the powder particles and the stability of propellant are important factors to be considered in the chemical formula used to produce ammunition. R&D is being conducted to develop smart ammunition and updated ammunition management system with improved cyber attack resistance. Ammunition can also be owned by civilians for personal safety or even for hunting. A number of nations as well as some of the U.S. states require ammunition purchasers to have valid identification cards or even a firearms license. This is to reduce the gun violence or gun assaults which pose a significant risk to life of common people. Get Browse Complete Report https://www.variantmarketresearch.com/report-categories/defense-aerospace/ammunition-market sales@variantmarketresearch.com | help@varaintmarketresearch.com
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