PUBLISHER: The Business Research Company | PRODUCT CODE: 1428118
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428118
Consolidated region 30mm ammunition pertains to ammunition designed for firearms capable of firing 30-millimeter (mm) caliber rounds within specific operational parameters. Primarily employed in weaponry installed on aircraft, especially military aircraft engaged in both air-to-air and air-to-ground combat operations.
The primary calibers within the consolidated region 30mm ammunition category encompass 20mm, 25mm, 30mm, 40mm, and others. The term '20mm caliber' denotes the diameter of the bore or projectile of a firearm designed to discharge ammunition with a bullet or shell diameter of 20 millimeters or less. Various types of ammunition within this category include 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, among others. The weapons designed for these ammunitions comprise autocannon, rotary cannon, naval gun, anti-material gun, anti-aircraft gun, and others. The usage of these ammunitions extends across different platforms including airborne, naval, and land-based systems, serving applications both lethal and non-lethal in nature.
The consolidated region 30mm ammunition market research report is one of a series of new reports from The Business Research Company that provides consolidated region 30mm ammunition market statistics, including consolidated region 30mm ammunition industry global market size, regional shares, competitors with a consolidated region 30mm ammunition market share, detailed consolidated region 30mm ammunition market segments, market trends and opportunities, and any further data you may need to thrive in the consolidated region 30mm ammunition industry. This consolidated region 30mm ammunition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed in the historical period can be attributed to several factors, including military modernization initiatives, heightened regional security concerns, efforts in counterterrorism operations, participation in peacekeeping and stability operations, as well as the allocation of defense budgets. These elements collectively contributed to the growth witnessed within that timeframe in the domain related to ammunition and weapons systems development, particularly within the context of military and defense sectors.
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%. Anticipated growth in the forecast period can be primarily attributed to geopolitical shifts, ongoing modernization efforts within armed forces, endeavors in peacekeeping and conflict resolution, evolving military strategies, and collaborative initiatives in defense sectors among nations. Key trends expected in the forecast period encompass a heightened emphasis on environmental sustainability within ammunition and weapons development, increased collaboration among manufacturers in the defense industry, a focused approach towards cost-effective solutions, the adoption of composite materials for enhanced performance, and the rise of smart ammunition incorporating advanced technological capabilities. These trends collectively contribute to the projected growth within this period in the domain of ammunition and weapons systems, aligning with changing global security paradigms and technological advancements.
The anticipated growth in military spending is poised to drive the expansion of the consolidated region's 30mm ammunition market. Military spending, representing the financial resources a country allocates to build and sustain its armed forces and defense-related strategies, plays a pivotal role in ensuring that armed forces have access to precise, effective, and firepower-enhancing ammunition, ultimately boosting soldiers' efficiency on the battlefield. A notable example is provided by the Office of the Parliamentary Budget Officer, a Canada-based intergovernmental organization, which forecasts an increase in total military spending from $36.3 billion in 2022-2023 to $51.0 billion in 2026-2027, underscoring the significant role of military expenditure in propelling the growth of the consolidated region's 30mm ammunition market.
A key driver for the growth of the consolidated region's 30mm ammunition market is the increase in arms sales and exports. This refers to the trade and transfer of military equipment, weapons, and related technologies between countries. The 30mm ammunition, commonly utilized in autocannons mounted on aircraft and helicopters, is integral to these military platforms. A surge in arms exports involving such platforms would consequently lead to a heightened demand for 30mm ammunition to equip these vehicles. As evidenced by the United States Department of State, the overall annual value of international arms transfers increased by almost 25%, rising from approximately $169 billion in 2020 to about $212 billion in 2021. This surge in arms sales and exports further underscores the driving force behind the growth of the consolidated region's 30mm ammunition market.
Product developments are emerging as a prominent trend in the consolidated 30mm ammunition market, with major companies actively engaged in developing innovative products to maintain their market positions. A notable example is the initiative by Economic Explosives Ltd., an India-based chemical company, which successfully developed the 30mm AK-630-HE ammunition. The Indian Navy received this groundbreaking product, marking the first-ever 100% indigenous 30mm ammunition manufactured in India. This ammunition is primarily designed for use in AK-630 guns installed on warships, showcasing the focus on product innovation within the market.
Major companies in the consolidated 30mm ammunition market are strategically employing innovative methods such as framework contracts to sustain their positions. Framework contracts offer various benefits but hinge on the commitment of participating countries, adherence to international regulations, and adaptability to evolving security dynamics. A pertinent illustration is provided by Rheinmetall AG, a Germany-based automotive and arms manufacturer, which announced in December 2022 that the German Bundeswehr had signed a framework agreement with Rheinmetall. This agreement involves the supply of over 600,000 rounds of 30mm ammunition specifically tailored for the Puma infantry fighting vehicle. Rheinmetall manufactures two primary types of 30mm × 173 ammunition for the Puma, the DM21 KE-TF and DM33 Kinetic Energy (KE) rounds. The former is a programmable air burst munition designed to engage infantry, light vehicles, and area targets, while the latter serves as a kinetic energy penetrator intended for engaging armored vehicles. This strategic use of framework contracts underscores the commitment to innovation and adaptability within the consolidated 30mm ammunition market.
In March 2022, Nexter Systems, a France-based weapons manufacturer, entered into a collaboration with PT Pindad. This partnership involves the provision of medium-caliber and large-caliber ammunition products. These include supplying 30 mm ammunition for the Rafale multirole combat aircraft, 105 mm shells designated for the Harimau medium tank, 20 mm bullets catering to the Vector GI-2 automatic cannon, and 120 mm munitions designed for Leopard 2 main battle tanks (MBTs). PT Pindad, based in Indonesia, specializes in the manufacture of defense and military equipment, particularly ammunition.
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.
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
The countries covered in the consolidated region 30mm ammunition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The consolidated region 30MM ammunition market consists of sales of products such as the 30mm M848 Dummy Cartridge, the 30mm M789 High Explosive Dual-Purpose Cartridge, the 30mm PGU-15A/B Target Practice Cartridge, and the 30mm MK 266 MOD 1 High Explosive Incendiary w/Tracer. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Consolidated Region 30MM Ammunition Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on consolidated region 30mm ammunition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for consolidated region 30mm ammunition ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The consolidated region 30mm ammunition market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.