Report : North America Pyrotechnic Munitions Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Signaling and Illumination, Crowd Control, and Training), Application (Land Forces, Naval Forces, and Air Forces), and End User (Military and Law Enforcement Agencies)
At 5.6% CAGR, the North America Pyrotechnic Munitions Market is speculated to be worth US$ 1676.74 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America pyrotechnic munitions market was valued at US$ 1,208.70 million in 2022 and is expected to reach US$ 1,676.74 million by 2028, registering an annual growth rate of 5.6% from 2022 to 2028. Burgeoning demand for pyrotechnic markers across defense forces and collaboration of companies with defense forces for live training simulation.
The military forces worldwide train their personnel to keep their forces trained at all times. The demand for military training engages various types of military operations involving a lot of pyrotechnic munitions to create a live simulation environment. The pyrotechnic munition companies collaborate with military forces to supply an adequate volume of pyrotechnic munitions for the military’s live simulation training exercises. This has led to an increase in the adoption of live pyrotechnic munitions, such as illumination signal rounds, markers, and smoke grenades. Furthermore, the military exercises organized during the nighttime involve many pyrotechnic illumination and signaling rounds, which are another major factor supporting the adoption of pyrotechnic munition for live training simulation. For instance, in April 2021, the US army conducted a live training in Pulaski Country (Arkansas) wherein two Boeing Chinook Helicopters carried out the military cadets for a 4-day exercise. Under this operation, colored smoke canisters, illumination fire rounds, and other types of pyrotechnic munitions were used. Similarly, in March 2021, the Joint Multinational Readiness Center Dragon Team of the US military conducted a fire marker training session at Hohenfels Training Area, wherein the fire marker training involved replicating threats, such as roadside bomb blasts and indirect fire, and using smoke to simulate close-air support. The increase in usage of pyrotechnics for military training is catalyzing the pyrotechnic munition market.
On the contrary, certification and qualification challenges for market vendors.
Based on type, the North America pyrotechnic munitions market is segmented into signaling and illumination, crowd control, and training. The signaling and illumination segment held 49.8% market share in 2022, amassing US$ 602.31 million. It is projected to garner US$ 826.23 million by 2028 to expand at 5.4% CAGR during 2022–2028.
Based on application, the North America pyrotechnic munitions market is segmented into land forces, naval forces, and air forces. The land forces segment held 50.7% market share in 2022, amassing US$ 612.89 million. It is projected to garner US$ 873.87 million by 2028 to expand at 6.1% CAGR during 2022–2028.
Based on end user, the North America pyrotechnic munitions market is categorized into military and law enforcement agencies. The military segment held 77.6% market share in 2022, amassing US$ 937.69 million. It is projected to garner US$ 1,317.58 million by 2028 to expand at 5.8% CAGR during 2022–2028.
Based on country, the North America pyrotechnic munitions market has been segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.1% market share in 2022. It was assessed at US$ 883.18 million in 2022 and is likely to hit US$ 1,254.20 million by 2028, exhibiting a CAGR of 6.0% during the forecast period.
Key players dominating the North America pyrotechnic munitions market are PR Tactical Corporation; Martinez Specialties, Inc.; Pyrotechnic Specialties Incorporated; WESCOM GROUP; Chemring Group PLC; ARSENAL; and Rheinmetall AG among others.
- In September 2019, Chemring Group PLC received an Indefinite Delivery/Indefinite Quantity (IDIQ) five-year contract from US Air Force to supply MJU-52A/B BOL IR flare worth US$25 million.
- In July 2020, HFI Pyrotechnics signed a deal with the Canadian military, to supply illumination devices, smoke grenades and flares used in military exercises and search-and-rescue missions. By signing the Canada’s Strategic Sourcing Agreement, HFI Pyrotechnics becomes the first new company added to the Munitions Supply Program. The partnership is set to put the HFI Pyrotechnics business on a pathway to increased success.
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