Market Overview:
The global cluster munitions market is expected to grow from USD 2.5 billion in 2018 to USD 4.8 billion by 2030, at a CAGR of 7.0% from 2018 to 2030. The growth of the global cluster munitions market can be attributed to the increasing demand for anti-tank and anti-personnel cluster munitions across the globe. The global cluster munitions market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into anti-tank cluster munition and anti-personnel cluster munition segments. The anti-tank Cluster Munitions are further subsegmented into direct attack weapons and area denial weapons segments; while Anti Personnel Cluster Munitions are further subsegmented into fragmentation grenades, bomblets/mines, and other types segments .On the basis of application ,the Global Cluster Munitions Market is classified as manoeuvre warfare systems ,defence systems against armoured targets (tanks) or personnel targets (soldiers),and others applications such as maritime security & counter piracy operations .Regionally ,the Global Cluster Munitions Market has been segmented into North America,, Latin America,, Europe,, Asia Pacific,, Middle East & Africa,. Among these regions, Asia Pacific accounted for major share in terms of revenue in 2017 owing to presenceof key countries such as China India Japan South Korea Taiwan etc.
Product Definition:
A cluster munition is a weapon that releases or ejects smaller submunitions, often called "bomblets." Cluster munitions are designed to kill personnel and destroy vehicles. They can also damage infrastructure.
Anti-Tank Cluster Munitions:
Anti-tank cluster munition is a type of ammunition used by some nations during the Second World War. It consists of an explosive charge and a metal casing which contains the primer. The casing has two holes, one on each side, to allow the gases produced by the explosion to escape. These casings were filled with high-testosterone Cluster Munitions (CMS) which are very similar in appearance and characteristics to regular ball bearings but are made from steel instead of iron or brass.
Anti-Personnel Cluster Munitions:
Anti-personnel cluster munition is a type of ammunition designed to be used by automatic rifles and machine guns. It consists of an explosive charge and a projectile made from either lead or steel that is intended for use against personnel. The main purpose of this ammunition is to cause severe injuries, which are likely to result in death, at short ranges.
Application Insights:
The defend application segment dominated the global market in 2017. This is attributed to the use of these munitions by major armies around the world for defending friendly forces and units against enemy attack. The manoeuvre application segment is expected to witness significant growth over the forecast period owing to its increasing use in military training and combat exercises, which help improve soldier¢â‚¬â„¢s skills.
Manoeuvre applications include direct fire support for ground troops as well as air support given by bombers or fighters during a mission. These types of bombs are designed with an initial blast that disperses among several targets so that individual bombs cannot be located within 100 metres from their target; this helps avoid any accidental detonation since they can be harmful if they hit a civilian area or another military unit nearby it at close range.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being a developed nation, is equipped with advanced weapons and systems for its armed forces. However, the demand for new types of cluster munition has declined significantly over the years owing to their extensive use in warfare operations across different theaters including Afghanistan and Syria coupled with high expenditure on conventional weapons by the country’s military establishment.
Asia Pacific is expected to be one of fastest growing regional markets from 2018 to 2030 due to increasing investments by countries such as China and India coupled with rising geopolitical tensions between these two nations over territorial disputes along their border regions especially Arunachal Pradesh (AP).
Growth Factors:
- Increasing demand for cluster munitions from the military and defense sectors across the globe due to their efficiency in destroying targets in a short time frame.
- Proliferation of cluster munitions by various countries, which is expected to drive the market growth during the forecast period.
- Growing investments by key players in research and development activities to develop advanced cluster munitions products that can meet the requirements of end-users.
- Rising number of terrorist attacks and cross-border conflicts, which is anticipated to boost demand for cluster munitions over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cluster Munitions Market Research Report
By Type
Anti-Tank Cluster Munitions, Anti-Personnel Cluster Munitions
By Application
Manoeuvre, Defend
By Companies
Textron Systems, IMI Systems, L-3 Fuzing And Ordnance Systems(L3 FOS), Lockheed Martin, NORINCO, Northrop Grumman, Aeroteh, China Aerospace Science And Technology, Textron Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Cluster Munitions Market Report Segments:
The global Cluster Munitions market is segmented on the basis of:
Types
Anti-Tank Cluster Munitions, Anti-Personnel Cluster Munitions
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manoeuvre, Defend
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Textron Systems
- IMI Systems
- L-3 Fuzing And Ordnance Systems(L3 FOS)
- Lockheed Martin
- NORINCO
- Northrop Grumman
- Aeroteh
- China Aerospace Science And Technology
- Textron Systems
Highlights of The Cluster Munitions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Anti-Tank Cluster Munitions
- Anti-Personnel Cluster Munitions
- By Application:
- Manoeuvre
- Defend
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cluster Munitions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cluster munitions are explosive weapons that release dozens or even hundreds of small bomblets over a wide area. These submunitions are designed to explode in midair, scattering deadly shrapnel and debris over a large area. Cluster munitions can remain active and lethal for many hours after being dropped, posing a serious threat to civilians and peacekeepers alike.
Some of the major players in the cluster munitions market are Textron Systems, IMI Systems, L-3 Fuzing And Ordnance Systems(L3 FOS), Lockheed Martin, NORINCO, Northrop Grumman, Aeroteh, China Aerospace Science And Technology, Textron Systems.
The cluster munitions market is expected to register a CAGR of 7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cluster Munitions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cluster Munitions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cluster Munitions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cluster Munitions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cluster Munitions Market Size & Forecast, 2020-2028
4.5.1 Cluster Munitions Market Size and Y-o-Y Growth
4.5.2 Cluster Munitions Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Anti-Tank Cluster Munitions
5.2.2 Anti-Personnel Cluster Munitions
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Manoeuvre
6.2.2 Defend
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cluster Munitions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cluster Munitions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Anti-Tank Cluster Munitions
9.6.2 Anti-Personnel Cluster Munitions
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Manoeuvre
9.10.2 Defend
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Anti-Tank Cluster Munitions
10.6.2 Anti-Personnel Cluster Munitions
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Manoeuvre
10.10.2 Defend
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Anti-Tank Cluster Munitions
11.6.2 Anti-Personnel Cluster Munitions
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Manoeuvre
11.10.2 Defend
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Anti-Tank Cluster Munitions
12.6.2 Anti-Personnel Cluster Munitions
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Manoeuvre
12.10.2 Defend
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Anti-Tank Cluster Munitions
13.6.2 Anti-Personnel Cluster Munitions
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Manoeuvre
13.10.2 Defend
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cluster Munitions Market: Competitive Dashboard
14.2 Global Cluster Munitions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Textron Systems
14.3.2 IMI Systems
14.3.3 L-3 Fuzing And Ordnance Systems(L3 FOS)
14.3.4 Lockheed Martin
14.3.5 NORINCO
14.3.6 Northrop Grumman
14.3.7 Aeroteh
14.3.8 China Aerospace Science And Technology
14.3.9 Textron Systems
