The pyrotechnic munitions market in Europe is expected to grow from US$ 1,065.27 million in 2022 to US$ 1,363.32 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2022 to 2028.
The military forces train their personnel to keep their troops prepared and trained for missions at all times. Military training engages various types of military operations involving a lot of pyrotechnic munitions to create a live simulation environment. Further, 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 increased the adoption of live pyrotechnic munitions, such as illumination signal rounds, markers, and smoke grenades. Furthermore, the military exercises that are organized during the nighttime involve many pyrotechnic illumination and signaling rounds, which is supporting the adoption of pyrotechnic munition for live training simulation. Thus, the increase in the usage of pyrotechnics for military training is catalyzing the growth of the pyrotechnic munition 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 Europe pyrotechnic munitions market at a substantial CAGR during the forecast period.
The military forces train their personnel to keep their troops prepared and trained for missions at all times. Military training engages various types of military operations involving a lot of pyrotechnic munitions to create a live simulation environment. Further, 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 increased the adoption of live pyrotechnic munitions, such as illumination signal rounds, markers, and smoke grenades. Furthermore, the military exercises that are organized during the nighttime involve many pyrotechnic illumination and signaling rounds, which is supporting the adoption of pyrotechnic munition for live training simulation. Thus, the increase in the usage of pyrotechnics for military training is catalyzing the growth of the pyrotechnic munition 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 Europe pyrotechnic munitions market at a substantial CAGR during the forecast period.
Europe Pyrotechnic Munitions Market Segmentation
The Europe 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 Europe 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 Europe pyrotechnic munitions market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. In 2022, Russia held the largest market share. However, the UK is expected to register the highest CAGR during the forecast period.
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Pyrotechnic Munitions Market Landscape
5. Europe Pyrotechnic Munitions Market - Key Industry Dynamics
6. Europe Pyrotechnic Munitions Market Analysis
7. Europe Pyrotechnic Munitions Market Analysis - by Product Type
8. Europe Pyrotechnic Munitions Market Analysis - by Application
9. Europe Pyrotechnic Munitions Market Analysis - by End User
10. Europe Pyrotechnic Munitions Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- LACROIX
- Primetake Ltd
- WESCOM GROUP
- Chemring Group PLC
- ARSENAL
- Rheinmetall AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 111 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1065.27 Million |
| Forecasted Market Value ( USD | $ 1363.32 Million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 6 |
