Global 76mm Camouflage Ammunition market will reach 20 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/12

Increasing political volatility across several countries of the world is one of the key reasons for the soaring demand for 76mm camouflage ammunition industry. The 76mm camouflage ammunition offers a smokescreen for concealing the attack. The demand for this ammunition is high as many militaries see it as a value addition. The concealed manoeuvres enabled by 76mm camouflage ammunition enables effective operations. These are non-lethal systems that are mounted on top of armoured vehicles for protection.

Tremendous amount of rethinking amongst governments and subsequent amount of swelling of military budgets are expected to drive the demand for 76mm camouflage ammunition in the coming years. Focus toward minimizing casualties during military operations by using an advantage has also propelled the demand for 76mm camouflage ammunition industry.

According the research report, the global 76mm camouflage ammunition industry was worth US$15 mn in 2018 and is expected to be worth US$20 mn by the end of 2025. During the forecast period of 2019 and 2025, the global market is expected to register a CAGR of 3.9%.

Click to view the full report:  https://www.qyresearch.com/index/detail/1168341/global-76mm-camouflage-ammunition-market
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