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Ammunition Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™

  The global  ammunition market size  is set to gain momentum from the increasing usage of 9mm cartridge as compared to the other calibers. It is mainly occurring because of the ongoing technological advancement, as well as its ability to perform in a versatile way. This information is provided by  Fortune Business Insights™  in a recent report, titled,  “ Ammunition Market Size, Share & COVID-19 Impact Analysis; by Application (Military & Homeland Security, and Civil & Commercial) By Caliber (Small, Medium, and Large) By Product (Bullets, Aerial Bombs, Grenades, Mortars, Artillery Shells, and Others), By Component (Fuses& Primers, Gun Powder, Projectile, Cases, and Others) By Guidance (Guided, and Non-Guided) By Lethality (Lethal, and Less-Lethal) and Regional Forecast, 2020-2027 .”  The report further mentions that the global market size was  USD 25.46 billion  in 2019 is projected to reach  USD 29.96 billion  by 2027, exhibiting a CAGR of 1.71% during the forecast pe