North America 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: 115    |    Report Code: BMIRE00025954    |    Category: Aerospace and Defense

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North America Pyrotechnic Munitions Market
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 The pyrotechnic munitions market in North America is expected to grow from US$ 1,208.70 million in 2022 to US$ 1,676.74 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

 

The military forces use pyrotechnic munitions for a variety of operations. Defense forces, including ground, naval, and air forces, across different countries have a significant volume of pyrotechnic munitions for various applications, such as illumination, signaling, simulation of battle noises, and effects. In addition, increasing border patrolling operations, military cargo operations, search operations, and other ISR operations involving aircraft or helicopter movements to carry out the mission are a few of the other factors propelling the pyrotechnic munitions market growth. Further, military forces, especially ground forces, use pyrotechnics markers to signal the helicopters to land in complex terrains, which are nearly invisible to helicopter pilots. The naval forces use many pyrotechnic markers for their respective operations, such as helicopter landing, search and rescue operations, or during training programs. Military exercises involve many pyrotechnic munitions to provide a real-life experience to the military personnel during training. Naval forces award multi-year contracts to the pyrotechnic marker/munition suppliers to deliver a substantial volume of pyrotechnic munitions/markers. For instance, in 2016, the US military announced that it awarded a contract worth US$ 8 million to HFI Pyrotechnics, wherein the company continued to supply its advanced marker product i.e., MK 25 MOD 4/5 to the US Navy and the US Airforce till 2021. The main purpose of procuring this product is for search and rescue operations by the naval and air force. Such instances are aiding the growth of pyrotechnic markers across different military forces, further augmenting the growth of the pyrotechnic munitions market.

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

 

 North America Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)

 North America Pyrotechnic Munitions Market Revenue and Forecast to 2028 (US$ Million)
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North America Pyrotechnic Munitions Strategic Insights

Strategic insights for the North America 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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North America Pyrotechnic Munitions Report Scope

Report Attribute Details
Market size in 2022 US$ 1,208.70 Million
Market Size by 2028 US$ 1,676.74 Million
Global CAGR (2022 - 2028) 5.6%
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 North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • PR Tactical Corporation
  • Martinez Specialties, Inc.
  • Pyrotechnic Specialties Incorporated
  • HFI Pyrotechnics Inc.
  • Chemring Group PLC
  • ARSENAL
  • Rheinmetall AG
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    North America Pyrotechnic Munitions Regional Insights

    The geographic scope of the North America 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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    North America Pyrotechnic Munitions Market Segmentation

     

    The North America 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 North America 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 North America pyrotechnic munitions market is segmented into the US, Canada, and Mexico. In 2022, the US held the largest market share, and it is also expected to register the highest CAGR during the forecast period.

    PR Tactical Corporation; Martinez Specialties, Inc.; Pyrotechnic Specialties Incorporated; HFI Pyrotechnics Inc.; Chemring Group PLC; ARSENAL; and Rheinmetall AG are among the leading companies operating in the North America pyrotechnic munitions market.

    The List of Companies - North America Pyrotechnic Munitions Market

    1. PR Tactical Corporation                                                                    

    2. Martinez Specialties, Inc.                        

    3. Pyrotechnic Specialties Incorporated   

    4. HFI Pyrotechnics Inc.                                

    5. Chemring Group PLC            

    6. ARSENAL

    7. Rheinmetall AG    

    Frequently Asked Questions
    How big is the North America Pyrotechnic Munitions Market?

    The North America Pyrotechnic Munitions Market is valued at US$ 1,208.70 Million in 2022, it is projected to reach US$ 1,676.74 Million by 2028.

    What is the CAGR for North America Pyrotechnic Munitions Market by (2022 - 2028)?

    As per our report North America Pyrotechnic Munitions Market, the market size is valued at US$ 1,208.70 Million in 2022, projecting it to reach US$ 1,676.74 Million by 2028. This translates to a CAGR of approximately 5.6% during the forecast period.

    What segments are covered in this report?

    The North America 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 North America Pyrotechnic Munitions Market?

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

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

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

  • PR Tactical Corporation
  • Martinez Specialties, Inc.
  • Pyrotechnic Specialties Incorporated
  • HFI Pyrotechnics Inc.
  • Chemring Group PLC
  • ARSENAL
  • Rheinmetall AG
  • Who should buy this report?

    The North America 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 North America Pyrotechnic Munitions Market value chain can benefit from the information contained in a comprehensive market report.

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