Pyrotechnic Munitions Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type, Application, and End User

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The Pyrotechnic Munitions market size is projected to reach US$ 4,653.96 million by 2028 from US$ 3,358.92 million in 2022; it is expected to grow at a CAGR of 5.6% from 2022 to 2028.

Pyrotechnic munition products are used by the ground military forces in large quantities. Also, pyrotechnic munitions are used in life rafts of naval vessels and aircraft carrier vessels. Each lifeboat comprises 6 hand flares, 4 units of rocket parachute flares, and 2 units of buoyant smoke signals. Thus, the use of pyrotechnic munitions products in aircraft carriers and naval vessels, along with the growing fleet of naval vessels and aircraft carriers, is fueling the market growth. The pyrotechnic munitions market has been analyzed on the basis of product type, application, and end user. Based on product type, the market is segmented into signaling and illumination, crowd control, and training segment. Based on application, the pyrotechnic munitions market is further segmented into land forces, naval forces, and air forces. The market, by end user, is segmented into military and law enforcement agencies. By geography, the pyrotechnic munitions market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

Pyrotechnic munition vendors across Europe focus on acquiring smaller, emerging players to retain their position in the market. For instance, in 2021, Wescom Defense announced the completion of the acquisition of PW Defence Ltd. (PWD), a UK-based military pyrotechnics manufacturer. This move helped the company expand its existing defense product portfolio and international sales network while benefiting from new manufacturing and testing facilities. Furthermore, the presence of a large number of leading players across Europe, such as Rheinmetall, Primetake Ltd., Nexter Group, and Lacroix, is another key factor boosting the pyrotechnic munitions market in the region.

In Asia Pacific, the pyrotechnic munitions market is showing a significant growth trajectory, which is primarily attributed to the rising procurement of submarines & naval vessels and increasing initiatives for conducting military training programs. The pyrotechnic munitions products are used in aircraft carriers on a large scale. Thus, the surge in the need for aircraft carriers is bolstering the demand for pyrotechnic munitions products in Asia Pacific. As per the US Navy, the Chinese Navy may operate 6 aircraft carriers by 2040; currently, only 2 are operational. The third one, improved and enlarged Type-003 is under construction at Jiangnan. It is also expected that one or more additional carriers will be built in Jiangnan by 2025. In addition, in April 2022, India launched the sixth and last SCORPENE submarine, ending the Project 75 contract with Mazgaon Docks Limited. In April 2022, Russia and Vietnam planned to hold joint military training exercises to improve the practical skills of commanders and staff in organizing combat training operations and managing units in difficult tactical situations, as well as developing unconventional solutions when performing tasks. Thus, such initiatives by the governments for enhancing defense operations are bolstering the pyrotechnic munitions market growth in Asia Pacific.

The key players pyrotechnic munitions market players are Rheinmetall AG, General Dynamics Ordnance and Tactical Systems, Wescom Group, Chemring Group, and Pyrotechnic Specialties Inc. With the rising strategic initiatives, investments in new product developments would propel the growth of the market in the coming years.

Impact of COVID-19 Pandemic on Asia Pacific Pyrotechnic Munitions Market

The COVID-19 crisis drastically affected two giant markets in APAC, namely, India and China; these two counties hold a potential share of the pyrotechnic munitions products market. The imposition of lockdown and slowdown of manufacturing activities across India and China disrupted the supply chain of various raw materials and pyrotechnic components. Advanced simulation technologies are adopted mostly across naval and air forces to provide a realistic environment during training and other activities. Such training activities propelled the market growth in across Asia in pre-pandemic situations.

However, in 2021, with the relaxation of the lockdown measures, manufacturing businesses began to operate again, leading to the resumption of production facilities. Thus, the resurgence of pyrotechnic products manufacturing, and growing number of rescue and critical missions are the key factors that are likely to favor the growth of the pyrotechnic munitions market during the pandemic recovery period.

The global pyrotechnic munitions market is primarily driven by the growing demand for pyrotechnic markers across defense forces. In addition, increasing border transportation operations, military cargo operations, search & rescue operations, and other ISR operations involving aircraft or helicopter movements to carry out the mission are some of the other factors propelling the pyrotechnic munitions market growth. Military forces, especially ground forces, use pyrotechnics markers to produce signals to assist helicopters in landing in complex terrains, which are nearly invisible to helicopter pilots. Moreover, pyrotechnic munitions are deployed in military exercises to provide a real experience to the military personnel.

Rheinmetall AG, General Dynamics Ordnance and Tactical Systems, Wescom Group, Chemring Group, and Pyrotechnic Specialties Inc. are some of the pyrotechnic munitions market players.

The overall pyrotechnic munitions market analysis has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the pyrotechnic munitions market size. The process also serves the purpose of obtaining an overview and forecast of the pyrotechnic munitions market size with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the pyrotechnic munitions market.

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Product Code: TIPRE00029428

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Pyrotechnic Munitions Market Landscape

4.1 Market Overview
4.2 Porter's Five Force Analysis
- 4.2.1 Bargaining Power of Buyers
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat to Substitutes
- 4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Pyrotechnic Munitions Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Growing Demand for Pyrotechnic Markers Across Defense Forces
- 5.1.2 Collaboration of Companies with Defense Forces for Live Training Simulation
5.2 Market Restraints
- 5.2.1 Certification and Qualification Challenges for Market Vendors
5.3 Market Opportunities
- 5.3.1 Growing Fleet of Naval Vessels and Aircraft Carriers Worldwide
5.4 Future Trends
- 5.4.1 Introduction of Electric Pyrotechnics
5.5 Impact Analysis of Drivers and Restraints

6. Pyrotechnic Munitions Market - Global Market Analysis

6.1 Pyrotechnic Munitions Market Overview
6.2 Pyrotechnic Munitions Market Forecast and Analysis
6.3 Market Positioning - Global Key Players

7. Pyrotechnic Munitions Market Analysis - By Product Type

7.1 Overview
7.2 Pyrotechnic Munitions Market, By Product Type (2021 And 2028)
7.3 Signaling and Illumination
- 7.3.1 Overview
- 7.3.2 Signaling and Illumination: Pyrotechnic Munitions Market Revenue and Forecast To 2028 (US$ Million)
7.4 Crowd Control
- 7.4.1 Overview
- 7.4.2 Crowd Control: Pyrotechnic Munitions Market Revenue and Forecast To 2028 (US$ Million)
7.5 Training
- 7.5.1 Overview
- 7.5.2 Training: Pyrotechnic Munitions Market Revenue and Forecast To 2028 (US$ Million)

8. Global Pyrotechnic Munitions Market Analysis - By Application

8.1 Overview
8.2 Pyrotechnic Munitions Market, By Application (2021 And 2028)
8.3 Land Forces
- 8.3.1 Overview
- 8.3.2 Land Forces: Pyrotechnic Munitions Market Revenue and Forecast To 2028 (US$ Million)
8.4 Naval Forces
- 8.4.1 Overview
- 8.4.2 Naval Forces: Pyrotechnic Munitions Market Revenue and Forecast To 2028 (US$ Million)
8.5 Air Forces
- 8.5.1 Overview
- 8.5.2 Air Forces: Pyrotechnic Munitions Market Revenue and Forecast To 2028 (US$ Million)

9. Global Pyrotechnic Munitions Market Analysis - By End User

9.1 Overview
9.2 Pyrotechnic Munitions Market, By End User (2021 and 2028)
9.3 Military
- 9.3.1 Overview
- 9.3.2 Military: Pyrotechnic Munitions Market Revenue and Forecast To 2028 (US$ Million)
9.4 Law Enforcement Agencies
- 9.4.1 Overview
- 9.4.2 Law Enforcement Agencies: Pyrotechnic Munitions Market Revenue and Forecast To 2028 (US$ Million)

10. Pyrotechnic Munitions Market - Geographic Analysis

10.1 Overview
10.2 North America: Pyrotechnic Munitions Market
- 10.2.1 North America: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.2 North America: Pyrotechnic Munitions Market, By Product Type
- 10.2.3 North America: Pyrotechnic Munitions Market, By Application
- 10.2.4 North America: Pyrotechnic Munitions Market, By End Use
- 10.2.5 North America: Pyrotechnic Munitions Market, by Key Country
  - 10.2.5.1 US: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.1.1 US: Pyrotechnic Munitions Market, By Product Type
    - 10.2.5.1.2 US: Pyrotechnic Munitions Market, By Application
    - 10.2.5.1.3 US: Pyrotechnic Munitions Market, By End Use
  - 10.2.5.2 Canada: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.2.1 Canada: Pyrotechnic Munitions Market, By Product Type
    - 10.2.5.2.2 Canada: Pyrotechnic Munitions Market, By Application
    - 10.2.5.2.3 Canada: Pyrotechnic Munitions Market, By End Use
  - 10.2.5.3 Mexico: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.3.1 Mexico: Pyrotechnic Munitions Market, By Product Type
    - 10.2.5.3.2 Mexico: Pyrotechnic Munitions Market, By Application
    - 10.2.5.3.3 Mexico: Pyrotechnic Munitions Market, By End Use
10.3 Europe: Pyrotechnic Munitions Market
- 10.3.1 Europe: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.2 Europe: Pyrotechnic Munitions Market, By Product Type
- 10.3.3 Europe: Pyrotechnic Munitions Market, By Application
- 10.3.4 Europe: Pyrotechnic Munitions Market, By End Use
- 10.3.5 Europe: Pyrotechnic Munitions Market, by Key Country
  - 10.3.5.1 Germany: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.1.1 Germany: Pyrotechnic Munitions Market, By Product Type
    - 10.3.5.1.2 Germany: Pyrotechnic Munitions Market, By Application
    - 10.3.5.1.3 Germany: Pyrotechnic Munitions Market, By End Use
  - 10.3.5.2 France: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.2.1 France: Pyrotechnic Munitions Market, By Product Type
    - 10.3.5.2.2 France: Pyrotechnic Munitions Market, By Application
    - 10.3.5.2.3 France: Pyrotechnic Munitions Market, By End Use
  - 10.3.5.3 Italy: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.3.1 Italy: Pyrotechnic Munitions Market, By Product Type
    - 10.3.5.3.2 Italy: Pyrotechnic Munitions Market, By Application
    - 10.3.5.3.3 Italy: Pyrotechnic Munitions Market, By End Use
  - 10.3.5.4 UK: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.4.1 UK: Pyrotechnic Munitions Market, By Product Type
    - 10.3.5.4.2 UK: Pyrotechnic Munitions Market, By Application
    - 10.3.5.4.3 UK: Pyrotechnic Munitions Market, By End Use
  - 10.3.5.5 Russia: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.5.1 Russia: Pyrotechnic Munitions Market, By Product Type
    - 10.3.5.5.2 Russia: Pyrotechnic Munitions Market, By Application
    - 10.3.5.5.3 Russia: Pyrotechnic Munitions Market, By End Use
  - 10.3.5.6 Rest of Europe: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.6.1 Rest of Europe: Pyrotechnic Munitions Market, By Product Type
    - 10.3.5.6.2 Rest of Europe: Pyrotechnic Munitions Market, By Application
    - 10.3.5.6.3 Rest of Europe: Pyrotechnic Munitions Market, By End Use
10.4 APAC: Pyrotechnic Munitions Market
- 10.4.1 APAC: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.2 APAC: Pyrotechnic Munitions Market, By Product Type
- 10.4.3 APAC: Pyrotechnic Munitions Market, By Application
- 10.4.4 APAC: Pyrotechnic Munitions Market, By End Use
- 10.4.5 APAC: Pyrotechnic Munitions Market, by Key Country
  - 10.4.5.1 Australia: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.1.1 Australia: Pyrotechnic Munitions Market, By Product Type
    - 10.4.5.1.2 Australia: Pyrotechnic Munitions Market, By Application
    - 10.4.5.1.3 Australia: Pyrotechnic Munitions Market, By End Use
  - 10.4.5.2 China: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.2.1 China: Pyrotechnic Munitions Market, By Product Type
    - 10.4.5.2.2 China: Pyrotechnic Munitions Market, By Application
    - 10.4.5.2.3 China: Pyrotechnic Munitions Market, By End Use
  - 10.4.5.3 India: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.3.1 India: Pyrotechnic Munitions Market, By Product Type
    - 10.4.5.3.2 India: Pyrotechnic Munitions Market, By Application
    - 10.4.5.3.3 India: Pyrotechnic Munitions Market, By End Use
  - 10.4.5.4 Japan: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.4.1 Japan: Pyrotechnic Munitions Market, By Product Type
    - 10.4.5.4.2 Japan: Pyrotechnic Munitions Market, By Application
    - 10.4.5.4.3 Japan: Pyrotechnic Munitions Market, By End Use
  - 10.4.5.5 South Korea: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.5.1 South Korea: Pyrotechnic Munitions Market, By Product Type
    - 10.4.5.5.2 South Korea: Pyrotechnic Munitions Market, By Application
    - 10.4.5.5.3 South Korea: Pyrotechnic Munitions Market, By End Use
  - 10.4.5.6 Rest of APAC: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.6.1 Rest of APAC: Pyrotechnic Munitions Market, By Product Type
    - 10.4.5.6.2 Rest of APAC: Pyrotechnic Munitions Market, By Application
    - 10.4.5.6.3 Rest of APAC: Pyrotechnic Munitions Market, By End Use
10.5 Middle East & Africa: Pyrotechnic Munitions Market
- 10.5.1 Middle East & Africa: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.2 Middle East & Africa: Pyrotechnic Munitions Market, By Product Type
- 10.5.3 Middle East & Africa: Pyrotechnic Munitions Market, By Application
- 10.5.4 Middle East & Africa: Pyrotechnic Munitions Market, By End Use
- 10.5.5 Middle East & Africa: Pyrotechnic Munitions Market, by Key Country
  - 10.5.5.1 South Africa: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.1.1 South Africa: Pyrotechnic Munitions Market, By Product Type
    - 10.5.5.1.2 South Africa: Pyrotechnic Munitions Market, By Application
    - 10.5.5.1.3 South Africa: Pyrotechnic Munitions Market, By End Use
  - 10.5.5.2 Saudi Arabia: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.2.1 Saudi Arabia: Pyrotechnic Munitions Market, By Product Type
    - 10.5.5.2.2 Saudi Arabia: Pyrotechnic Munitions Market, By Application
    - 10.5.5.2.3 Saudi Arabia: Pyrotechnic Munitions Market, By End Use
  - 10.5.5.3 UAE: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.3.1 UAE: Pyrotechnic Munitions Market, By Product Type
    - 10.5.5.3.2 UAE: Pyrotechnic Munitions Market, By Application
    - 10.5.5.3.3 UAE: Pyrotechnic Munitions Market, By End Use
  - 10.5.5.4 Rest of MEA: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.4.1 Rest of MEA: Pyrotechnic Munitions Market, By Product Type
    - 10.5.5.4.2 Rest of MEA: Pyrotechnic Munitions Market, By Application
    - 10.5.5.4.3 Rest of MEA: Pyrotechnic Munitions Market, By End Use
10.6 South America: Pyrotechnic Munitions Market
- 10.6.1 South America: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.2 South America: Pyrotechnic Munitions Market, By Product Type
- 10.6.3 South America: Pyrotechnic Munitions Market, By Application
- 10.6.4 South America: Pyrotechnic Munitions Market, By End Use
- 10.6.5 South America: Pyrotechnic Munitions Market, by Key Country
  - 10.6.5.1 Brazil: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.6.5.1.1 Brazil: Pyrotechnic Munitions Market, By Product Type
    - 10.6.5.1.2 Brazil: Pyrotechnic Munitions Market, By Application
    - 10.6.5.1.3 Brazil: Pyrotechnic Munitions Market, By End Use
  - 10.6.5.2 Rest of South America: Pyrotechnic Munitions Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.6.5.2.1 Rest of South America: Pyrotechnic Munitions Market, By Product Type
    - 10.6.5.2.2 Rest of South America: Pyrotechnic Munitions Market, By Application
    - 10.6.5.2.3 Rest of South America: Pyrotechnic Munitions Market, By End Use

11. Pyrotechnic Munitions Market- COVID-19 Impact Analysis

11.1 Overview
11.2 North America: Impact Assessment of Covid-19 Pandemic
11.3 Europe: Impact Assessment of Covid-19 Pandemic
11.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
11.6 South America: Impact Assessment of Covid-19 Pandemic

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development

13. Company Profiles

13.1 ARSENAL
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 PR Tactical Corporation
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 LACROIX
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Martinez Specialties, Inc.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Primetake Ltd
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Pyrotechnic Specialties Incorporated
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Rheinmetall AG
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 WESCOM GROUP
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Chemring Group PLC
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 HFI Pyrotechnics Inc.
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 1.10.1 Financial Overview
- 1.10.2 SWOT Analysis
- 1.10.3 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index