Small And Medium Caliber Ammunition Market Summary The global small and medium caliber ammunition market size was valued at USD 9.18 billion in 2019 and is projected to reach USD 12.74 billion by 2027, growing at a compound annual growth rate (CAGR) of 4.2% from 2020 to 2027. Market growth is primarily driven by rising geopolitical tensions, increasing military expenditure, and...