Global Ammunition Market Worth $8.15 Billion by 2017

Global Ammunition Market Worth $8.15 Billion by 2017 PR Newswire DALLAS, December 5, 2012 DALLAS, December 5, 2012 /PRNewswire/ -- According to a new market research report, "Global Ammunition Market Share Analysis, Market Trend, Industry Trend, Technology Roadmap, Forecasts & Analysis (2012 - 2017)", published by MarketsandMarkets (http://www.marketsandmarkets.com), the total ammunition market is expected to reach $8.15 Billion by 2017 with a CARC of 0.67%. Browse 73 market tables with 87 figures spread through 154 pages and in-depth TOC on "Global Ammunition Market Share Analysis, Market Trend, Industry Trend, Technology Roadmap, Forecasts & Analysis (2012 -2017)". http://www.marketsandmarkets.com/Market-Reports/ammunition-market-923.html Early buyers will receive 10% customization of reports. The global ammunition market has seen considerable growth during the past decade due to the recent conflicts which has served as a growth factor for the ammunition industry. Army modernization programs by developed and developing nations alike are expected to drive the market. Moreover, the need to maintain professional armies and the training imparted in doing so, has led to the growth in demand for training ammunitions. Similarly, the development in technology and the need to reduce collateral damage and prevent civilian casualties in war has led to an increase in demand for sophisticated precision guided munitions.