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Ammunition manufacturing market in India 2022

Ammunition manufacturing market in India 2022

The ammunition manufacturing market in India offers appealing and significant opportunities for both, Indian and foreign, companies, throughout the supply chain. India has the third-largest armed forces in the world. Its defense budget accounts for approximately 1.62% of its GDP. India is also one of the global leaders in the import of conventional defense equipment, with capital acquisitions accounting for roughly 40% of its defense budget.
Market insights:
The ammunition manufacturing market in India was valued at INR 846.67 Bn in FY 2021, up from INR 738 Bn in FY 2017, expanding at a compound annual growth rate of 3.49%. The Ministry of Defense (MoD) formulates defense and security policies, and oversees their implementation by the armed forces (the Army, the Navy, and the Air Force). In the last decade (FY 2013 – FY 2023), MoD’s budget expanded at an annual average rate of 8.6%, while government expenditure increased at a rate of 10.8%.
Impact of COVID-19:
During the first and second waves of COVID-19, the ammunition manufacturing industry witnessed a number of policy decisions being made and implemented. The government raised the limit on foreign investments coming through the automatic route in the sector and banned the import of certain defense items. DPSUs had stopped working on most projects after the initial lockdown was imposed in 2020. Because of disruptions in the supply chain, the price of materials and components for defense equipment surged by 10% – 15%.
Market Influencers:
Market drivers:
With simplified offset norms, changes in Defence Procurement Procedure (DPP) and easing of FDI restrictions, private sector companies are showing an interest in ammunition production. To move up in the value chain, the government and the private sector have collaborated to make strategic investments in technologies such as advanced materials, stealth technologies, avionics, sensors, and cybersecurity.
Key deterrents to the growth of the market:
India has been unable to attract significant private sector investments in the defense manufacturing industry. This has resulted in delays in decision-making on the part of the government, placing of unsystematic orders, unreasonable qualitative requirements by the armed forces, and canceling of tenders.
Table of Contents

Chapter 1: Executive Summary

Chapter 2: Socio– economic Indicators

Chapter 3: Introduction
3.1. Market definition and structure

Chapter 4: Ammunition Manufacturing Market in India – An Overview
4.1. Ammunition Manufacturing Market – An Overview
4.1.1. Market size (FY 2017 – FY 2021)

Chapter 5: Ammunition Manufacturing Market – Segmentation
5.1. Ammunition manufacturing market – Segmentation
5.1.1. Ammunition manufacturing by PSUs and private companies (FY 2020 – FY 2021)
5.1.2. Budget of the armed forces (FY 2020 – FY 2021)

Chapter 6: Impact of COVID– 19
6.1. Impact of COVID– 19

Chapter 7: Trade Analysis
7.1. Trade analysis
7.1.1. Exports
– Value-wise
– Volume-wise
– Country-wise
7.1.2. Imports
– Value-wise
– Volume-wise
– Country-wise
7.2. Other exports – Based on value
7.3. Other imports – Based on value

Chapter 8: Government Initiatives
8.1. Government Initiatives

Chapter 9: Market Influencers
9.1. Market drivers
9.2. Market challenges

Chapter 10: Impact of Russia– Ukraine war
10.1. Impact of Russia-Ukraine war

Chapter 11: Competitive Landscape
11.1. Ashok Leyland Limited
– Company information
– Business description
– Products/Services
– Key people
– Financial snapshot
– Key ratios
– Key financial performance indicators
– Key business segments
– Key geographic segments
Note: Financial information covered only for public companies.
11.2. Bharat Dynamics Limited
11.3. Bharat Electronics Limited
11.4. Bharat Forge Limited
11.5. BAE Systems India Services Private Limited
11.6. Brahmos Aerospace Private Limited
11.7. L&T Defense
11.8. Mahindra Defence Systems Limited
11.9. Tata Advanced Systems Limited
11.10. Tata Power Strategic Engineering Division

Chapter 12: Recent developments

12.1. Recent developments

Chapter 13: Appendix

13.1. Research methodology
13.2. About Netscribes
13.3. Disclaimer

Report Title: Ammunition manufacturing market in India 2022

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