Consolidated Region 30MM Ammunition Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Consolidated Region 30MM Ammunition Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of consolidated region 30MM ammunition Market

The consolidated region 30MM ammunition market size was valued at USD 1.72 billion in 2023, and the market is now projected to grow from USD 1.87 billion in 2024 to USD 2.51 billion by 2032, exhibiting a CAGR of 4.87% during the forecast period of 2024-2032.

The COVID-19 impact disrupted Region 30MM ammunition manufacturing and supply chain as part of the consolidated pandemic across the global market. Public gathering restrictions together with the closure of facilities affected manufacturing and shipping of defense equipment. Further, the uncertainty in the economy led to some countries cutting down their spending on military forces. But with time, the focus towards modernization of wars arsenals and that the relations between countries became tense led to the need for 30MM ammunition, since operation capabilities were becoming important. In general, the pandemic was a challenge that demonstrated the need to maintain diverse and competitive defense supply chains.

The overall picture of the Region 30MM ammunition market as a whole is described here presents several trends. More particularly, new kinds of costly ammunition are also likely to progress, including programmable/precision-guided ammunition due to modernization process in force capabilities. In addition, increasing the intensity of geopolitical conflicts is forcing countries to increase funding for defense equipment, improving the acquisition of ammunition. Some of the factors influencing the markets are technological factors such as the incorporation of smart tools into ammunition systems. Also, the drive towards sustainability has been forcing manufacturers into looking for environmentally sustainable raw material and production techniques all over the world. Thus, all the above mentioned factors are contributing towards the consolidated region 30MM ammunition market growth.

There are several factors which are driving the consolidated Region 30MM ammunition market size. These include the spiral of defense expenditures across the globe due to heightened political risks and conflicts in different regions thereby calling for developing advanced systems. Further on, the improved modernization of armed forces is raising requirements for enhanced ammunition technologies as precision-guided munitions. This is because the new emphasis on readiness and operations is also a driver of demand in the market. In addition, growth in orders for new ammunition types is creating greater market potential, and maintaining the health of industry competition levels.

Comprehensive Analysis consolidated region 30MM ammunition Market

The current Region 30MM ammunition market category by weapon, ammunition, and platform is integrated. Based on the type of weapon it is categorized into, auto- cannons, rotary cannons, naval, anti-material, anti-aircraft and others. With regard to the type of ammunition, basic groups are high explosive incendiary (HEI), HEI-tracer (HEI-T), HEI/tracer self-destruct (HEI/T-S.D.), semi-armor piercing and others. Platform completion focuses on airborne, naval and land platforms which represent the versatility of 30MM ammunition in various operations and improve the vehicle’s performance depending on the terrain.

Currently, the major market of the consolidated 30MM ammunition is North America that is associated with the US military budget stability and its continuous trends toward modernizing the armament. The fact that many important defense manufacturers are located in this area and there is an increased number of research and development activities strengthen this market. Moreover, conflicts and political instabilities drive higher need for modern product offerings across military defiance. Such factors including the development of elaborate projectiles and, government-privately funded partnerships to create efficient and top-notch munitions all work hand in hand to see North America take center stage in the 30MM ammunition market in the global systems.

BAE Systems Plc (U.K.), CBC - COMPANHIA BRASILEIRA DE CARTUCHOS (Brazil), Denel SOC Ltd. (South Africa), Elbit Systems Ltd. (Israel), General Dynamics Corporation (U.S.), KNDS N.V. (Krauss-Maffei Wegmann + Nexter Defense Systems N.V.) (Netherlands), MSM Group s.r.o. (Slovak Republic), Nammo A.S. (Norway), Northrop Grumman Corporation (U.S.)

There occurs a shift trend in the consolidated Region 30MM ammunition industry in 2024, and the shift is in focus to precision guided ammunition and the High Explosive Incendiary-Tracer , or HEI-T rounds. Modern these adopted sophisticated guidance electronics making the shell precise and minimizing the effects on the surroundings. Because modern contingents and services focus on operational tempo and efficiency in operational theaters, the use of HEI-T rounds is growing. The development continues in connection with arms modernization in military and changing further risks in asymmetric conflict, where accuracy projectiles formulate the key point for tendencies in procurement planning.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2019-2030

Base Year

2022

Estimated Year

2023

Forecast Period

2023-2030

Historical Period

2019-2021

Growth Rate

CAGR of 6.1% from 2023 to 2030

Unit

Value (USD million)

Segmentation

By Product Type, End-User, and Region

Segmentation

By Product Type

Rolling Flat Dies

Thread Rolling Cylindrical Dies

Rotary Type Thread Rolling Dies

Rack Type Rolling Dies

Trimming Dies

Round Dies

Others (Drill Point Dies)

By End-User

Automotive

White Goods

Medical

Cutlery

Consumer Electronics

General Engineering

Others (Marine)

By Region

North America (By Product Type, End-User and Country)

• U.S.
• Canada

Europe (By Product Type, End-User and Country)

• U.K.
• Germany
• France
• Italy
• Spain
• Russia
• BENELUX
• Nordics
• Rest of Europe

Asia Pacific (By Product Type, End-User and Country)

• China
• India
• Japan
• South Korea
• ASEAN
• Oceania
• Rest of Asia Pacific

Middle East & Africa (By Product Type, End-User and Country)

• Israel
• Turkey
• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

South America (By Product Type, End-User and Country)

• Brazil
• Argentina
• Rest of South America

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