Technological advancements and innovations in the defence sector are likely to fuel the global market for ammunition. These advancements are expected to enhance the precision and power of guns, rifles, bombs, rockets and missiles, among others, due to which the utilisation of ammunition is predicted to grow. The rising innovations in aircrafts, such as enhancing the attacking capabilities of fighter jets, is likely to be another key trend in the market for ammunition. Furthermore, the introduction of favourable government initiatives and the increasing focus of emerging economies to enhance their military capabilities are expected to invigorate the market growth in the forecast period.
