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market is expected to grow from USD 21.14 billion in 2020 and to reach USD 28.49 billion by 2028, growing at a CAGR of 3.8% during the forecast period 2021-2028. The increasing incidence of international conflicts among several regions has led the nations to strengthen their military base. Further, the private industries are increasingly participating in the procurement of ammunition for purposes such as self-defense and sporting. Apart from this, the regional police forces are also militarized...