Asia Pacific Pyrotechnic Munitions Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

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)


No. of Pages: 111    |    Report Code: BMIRE00025882    |    Category: Aerospace and Defense

Asia Pacific Pyrotechnic Munitions Market
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The pyrotechnic munitions market in Asia Pacific is expected to grow from US$ 808.27 million in 2022 to US$ 1,283.39 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

 

The rising fleet of naval and aircraft carrier vessels operates continuously across the borders of Asia Pacific countries. Every aircraft carrier ship includes either 254 units of MK7 life rafts or 127 units of MK8 life rafts, while each lifeboat comprises six hand flares, four units of rocket parachute flares, and two units of buoyant smoke signals. Hence, the rising adoption of lifeboats in naval ships or vessels is likely to boost the adoption of pyrotechnic munitions across the naval forces. It is also driven by the rising military expenditure across the region. Both countries are increasingly strengthening their respective naval fleet to secure their borders from naval threats. However, China currently has only two aircraft carriers that use life rafts in large quantities. Further, China is investing in procuring new naval vessels that will procure more pyrotechnic munitions through the deployment of life rafts in those vessels. For instance, in 2022, the Indian Navy awarded a contract worth US$ 114 million to L&T Limited for the manufacturing and development of multi-purpose vessels under the ‘Buy Indian’ category. Due to the increased focus on the naval fleet, the adoption of frigates, corvettes, and aircraft carriers is growing, boosting the requirement for various types of pyrotechnic products for naval applications. Such instances are likely to boost the demand for pyrotechnic munitions during the forecast period and are expected to generate huge opportunities for market vendors during the forecast period.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific pyrotechnic munitions market at a substantial CAGR during the forecast period.

 

Asia Pacific Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)  

Asia Pacific Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)  

 

Asia Pacific Pyrotechnic Munitions Market Segmentation

 

The Asia Pacific pyrotechnic munitions market is segmented into type, application, end user, and country. Based on type, the market is segmented into signaling and illumination, crowd control, and training. In 2022, the signaling and illumination segment held the largest share of the market. Further, the training segment is expected to register the highest CAGR during the forecast period. Based on application, the Asia Pacific pyrotechnic munitions market is segmented into land forces, naval forces, and air forces. The land forces segment held the largest market share in 2022, and it is also expected to register the highest CAGR in the market during the forecast period. Based on end user, the market is bifurcated into military and law enforcement agencies. In 2022, the military segment held a larger market share, and it is also expected to register a higher CAGR during the forecast period. Based on country, the Asia Pacific pyrotechnic munitions market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. In 2022, China held the largest market share. However, India is expected to register the highest CAGR during the forecast period.

 

LACROIX, WESCOM GROUP, Chemring Group PLC, ARSENAL, and Rheinmetall AG are among the leading companies operating in the Asia Pacific pyrotechnic munitions market.


Asia Pacific Pyrotechnic Munitions Strategic Insights

Strategic insights for the Asia Pacific Pyrotechnic Munitions provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia Pacific Pyrotechnic Munitions Report Scope

Report Attribute Details
Market size in 2022 US$ 808.27 Million
Market Size by 2028 US$ 1,283.39 Million
Global CAGR (2022 - 2028) 8.0%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Product Type
  • Signaling and Illumination
  • Crowd Control
  • Training
By Application
  • Land Forces
  • Naval Forces
  • Air Forces
By End User
  • Military
  • Law Enforcement Agencies
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • LACROIX
  • Primetake Ltd
  • WESCOM GROUP
  • Chemring Group PLC
  • ARSENAL
  • Rheinmetall AG
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    Asia Pacific Pyrotechnic Munitions Regional Insights

    The geographic scope of the Asia Pacific Pyrotechnic Munitions refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - Asia Pacific Pyrotechnic Munitions Market

    1. LACROIX                                                     
    2. Primetake Ltd                                            
    3. WESCOM GROUP                                      
    4. Chemring Group PLC            
    5. ARSENAL
    6. Rheinmetall AG                  
    Frequently Asked Questions
    How big is the Asia Pacific Pyrotechnic Munitions Market?

    The Asia Pacific Pyrotechnic Munitions Market is valued at US$ 808.27 Million in 2022, it is projected to reach US$ 1,283.39 Million by 2028.

    What is the CAGR for Asia Pacific Pyrotechnic Munitions Market by (2022 - 2028)?

    As per our report Asia Pacific Pyrotechnic Munitions Market, the market size is valued at US$ 808.27 Million in 2022, projecting it to reach US$ 1,283.39 Million by 2028. This translates to a CAGR of approximately 8.0% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Pyrotechnic Munitions Market report typically cover these key segments-

    • Product Type (Signaling and Illumination, Crowd Control, Training)
    • Application (Land Forces, Naval Forces, Air Forces)
    • End User (Military, Law Enforcement Agencies)

    What is the historic period, base year, and forecast period taken for Asia Pacific Pyrotechnic Munitions Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Pyrotechnic Munitions Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in Asia Pacific Pyrotechnic Munitions Market?

    The Asia Pacific Pyrotechnic Munitions Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • LACROIX
  • Primetake Ltd
  • WESCOM GROUP
  • Chemring Group PLC
  • ARSENAL
  • Rheinmetall AG
  • Who should buy this report?

    The Asia Pacific Pyrotechnic Munitions Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Pyrotechnic Munitions Market value chain can benefit from the information contained in a comprehensive market report.

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