Overview and Scope
Consolidated region 30MM ammunition is used with weapons that can fire 30-millimeter (mm) caliber rounds within a specific trading range. It is mainly utilized in weapons systems installed on aircraft, especially military aircraft engaged in air-to-air and air-to-ground operations.
Sizing and Forecast
The consolidated region 30mm ammunition market size has grown strongly in recent years. It will grow from $1.88 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to military modernization initiatives, regional security concerns, counterterrorism operations, peacekeeping and stability operations, defense budget allocations.
The consolidated region 30mm ammunition market size is expected to see strong growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to geopolitical dynamics, modernization of armed forces, peacekeeping and conflict resolution, shift in military strategies, collaborative defense initiatives. Major trends in the forecast period include emphasis on environmental sustainability, increased collaboration among manufacturers, focus on cost-effective solutions, adoption of composite materials, rise of smart ammunition.
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Segmentation & Regional Insights
The consolidated region 30mm ammunition market covered in this report is segmented –
1) By Caliber: 20mm, 25mm, 30mm, 40mm, Other Calibers
2) By Ammunition Type: High Explosive Incendiary (HEI), High Explosive Incendiary – Tracer (HEI-T), High Explosive Incendiary/Tracer – Self Destruct (HEI/T-S.D.), Semi-armor Piercing High Explosive Incendiary-Tracer/Self Destruct, Other Ammunitions
3) By Weapon Type: Autocannon, Rotary Cannon, Naval Gun, Anti-material Gun, Anti-aircraft Gun, Other Weapons
4) By Platform: Airborne, Naval, Land
5) By Application: Lethal, Non-lethal
North America was the largest region in the consolidated region 30mm ammunition market in 2023. The regions covered in the consolidated region 30mm ammunition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growth in military spending is expected to propel the growth of the consolidated region’s 30mm ammunition market going forward. Military spending is the sum of money that a country spends on building and sustaining its armed forces or other defense-related strategies. The military’s expenditure on consolidated 30 mm ammunition guarantees that the armed forces have access to ammunition that can engage targets precisely, effectively, and with enough firepower, which enhances soldiers’ efficiency on the battlefield. For instance, in June 2022, according to the Office of the Parliamentary Budget Officer, a Canada-based intergovernmental organization, total military spending is expected to increase from $36.3 billion in 2022-2023 to $51.0 billion in 2026-2027. Therefore, growth in military spending is driving the growth of the consolidated region’s 30mm ammunition market.
Key Industry Players
Major companies operating in the consolidated region 30mm ammunition market report are General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems PLC, Thales Group, Olin Corporation, Rheinmetall Electronics GmbH, Elbit Systems Ltd., KMW + Nexter Defense Systems N.V., Poongsan Corporation, IMI Systems, Remington Arms Company LLC, Nammo AS, Denel SOC Ltd., Nexter Systems, Fiocchi Munizioni SpA, Economic Explosives Ltd., RUAG Holding AG, Arsenal JSCo., Nammo Lapua Oy, Rheinmetall Denel Munition (Pty) Ltd., Hornady Manufacturing Company, MSM GROUP s.r.o., Mesko SA, Speer Ammunition, Norma Precision AB, CBC Global Ammunition, CCI Ammunition, PMC Ammunition Inc., Magtech Ammunition Company Inc., RWS GmbH.
The consolidated region 30mm ammunition market report table of contents includes:
1. Executive Summary
2. Consolidated Region 30MM Ammunition Market Characteristics
3. Consolidated Region 30MM Ammunition Market Trends And Strategies
4. Consolidated Region 30MM Ammunition Market – Macro Economic Scenario
5. Global Consolidated Region 30MM Ammunition Market Size and Growth
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31. Consolidated Region 30MM Ammunition Market Other Major And Innovative Companies
32. Global Consolidated Region 30MM Ammunition Market Competitive Benchmarking
33. Global Consolidated Region 30MM Ammunition Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Consolidated Region 30MM Ammunition Market
35. Consolidated Region 30MM Ammunition Market Future Outlook and Potential Analysis
36.Appendix
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