Press Release

Global 30mm Medium Caliber Market Projected to Grow at a CAGR of Around 4.5%

The Global 30mm Medium Caliber Market is projected to grow at a CAGR of about 4.5% in the forecast period of 2019-30, cites MarkNtel Advisors in the recent research report. The Global 30mm Medium Caliber Market is experiencing growth, primarily driven by increasing defense budgets allocated for military modernization initiatives and the upgrading of ammunition. Governments worldwide are prioritizing the enhancement of their military capabilities, leading to substantial investments in advanced weaponry and equipment. The need for modernization to address evolving security threats is a key factor propelling the demand for 30mm medium caliber systems. Additionally, geopolitical tensions and regional conflicts contribute to the surge in defense spending.

However, factors such as stringent regulations on arms trade and geopolitical uncertainties are posing challenges to the market's expansion. Despite these hindrances, the market is expected to witness sustained growth due to the ongoing emphasis on military readiness and the continuous evolution of defense technologies. Consequently, this forward-looking approach is poised to strengthen the commitment to the Global 30mm Medium Caliber Market, providing substantial support for its growth in the forthcoming years, further states the research report, “Global 30mm Medium Caliber Market Analysis, 2024.”

Automatic Canons Dominating the Global 30mm Medium Caliber Market

Based on the weapon type, the market is divided into Automatic Canon, Rotary Canon, Naval Gun, and Anti-Craft Gun. Automatic canons currently hold a dominant position in the market, and their prevalence is evident across various weapon types. Within the automatic canon category, vehicle-mounted autocannons, aircraft autocannons, and naval autocannons contribute significantly to their overall market share.

Vehicle-mounted autocannons are crucial components of military ground vehicles, enhancing their firepower and effectiveness. Aircraft autocannons, integrated into fixed-wing and rotary-wing aircraft, play a pivotal role in air-to-ground and air-to-air engagements. Naval autocannons, employed on naval vessels, contribute to maritime defense capabilities.

The supremacy of automatic canons extends to diverse platforms, including rotary-wing aircraft and infantry fighting vehicles (IFVs), indicating their versatility and widespread adoption. While other weapon types like rotary canons, naval guns, and anti-aircraft guns remain integral, the current market dynamics underscore the dominance of automatic canons across various military applications.

High Explosive Incendiary (HEI) Leading the Global 30mm Medium Caliber Market

The market has witnessed the dominance of High Explosive Incendiary (HEI) ammunition type. HEI ammunition is widely preferred and utilized across various military applications. Its effectiveness in providing a combination of explosive and incendiary effects makes it a versatile choice for different scenarios. Additionally, variations such as High Explosive Incendiary-Tracer (HEI-T) and High Explosive Incendiary/Tracer-Self Destruct (HEI/T-SD) offer enhanced functionalities, including tracer capabilities and self-destruct mechanisms, contributing to their popularity. The inclusion of Semi-Armor Piercing High Explosive Incendiary-Tracer/Self Destruct further underscores the adaptability of HEI ammunition to diverse military requirements.

North America Holding a Major Market Share

North America emerges as the dominant force in the Global 30mm Medium Caliber Market, exercising significant influence and contributing substantially to market expansion. The region's dominance is propelled by robust defense budgets, technological advancements, and a strategic focus on military modernization. The United States, being a key player, invests heavily in advanced weaponry and military capabilities, fostering the widespread adoption of 30mm medium caliber systems. Moreover, North America benefits from a thriving defense industry featuring leading manufacturers and research facilities that drive innovation.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including BAE Systems, CBC Defense, Denel PMP, Elbit Systems Land, KNDS NV, MSM Group SRO, Munitions India Limited, Nammo AS, Northrop Grumman, Rheinmetall AG, General Dynamics Ordnance and Tactical Systems, Nexter Group, Ruag Group, Arcon Partners Ltd., Arsenal, and others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions, followed by their comparative factorial indexing?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?