Global 30mm Medium Caliber Market Research Report: Forecast (2024-2030)

Market Insights & Analysis: Global 30mm Medium Caliber Market (2024-30)

The Global 30mm Medium Caliber Market size is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30. The market growth is attributed to increased military modernization efforts and the demand for versatile and powerful weaponry. The 30mm medium caliber finds application in various defense systems, including aircraft cannons, armored vehicles, and naval guns. The market is propelled by the need for effective solutions against a range of threats, from armored vehicles to unmanned aerial systems, in modern warfare scenarios.

Additionally, advancements in technology, such as improved precision and firepower, contribute to the market's expansion. As nations seek to enhance their defense capabilities, the 30mm Medium Caliber Market is expected to witness sustained growth, with manufacturers focusing on innovations to meet evolving military requirements.

Key factors influencing the market include rising defense budgets, geopolitical tensions, and the continuous development of military capabilities. Furthermore, the adaptability of 30mm caliber weapons across different platforms and their effectiveness in various combat scenarios contribute to their widespread adoption. The market is characterized by the presence of key players investing in research and development to introduce advanced and efficient 30mm medium caliber systems, further fostering market competitiveness and growth.

Global 30mm Medium Caliber Market Driver:

Increasing Defense Budgets for Military Modernization & Upgrade of Ammunitions to Foster Market Growth– The Global 30mm Medium Caliber Market has been significantly driven by the continuous increase in defense budgets allocated for military modernization and the upgrading of ammunition. As nations globally prioritize bolstering their defense capabilities, there has been a heightened focus on enhancing the firepower and efficiency of military equipment, including weapons with a 30mm medium caliber. For instance,

• In 2022, American defense manufacturer Rheinmetall developed a new medium caliber 30MM X 173MK 340 MOD 0 Kinetic Energy Electronically Timed (KEET) airburst munition for the US Navy. The MK 340 KEET is derived from the NATO standards.

The surge in defense expenditures reflects a commitment to adopting advanced technologies and weaponry, fueling the demand for 30mm caliber systems across various defense applications, from aircraft to armored vehicles. This development is poised to foster substantial growth in the 30mm medium caliber sector as countries strive to maintain and enhance their military readiness in an evolving global security landscape.

Global 30mm Medium Caliber Market Opportunity:

Precision-Guided Munitions Expanding Horizons for the 30mm Medium Caliber Market – One significant opportunity in the Global 30mm Medium Caliber Market lies in the increasing demand for precision-guided munitions (PGMs) within this caliber range. The integration of advanced targeting and guidance systems with 30mm medium caliber weapons presents an opportunity for manufacturers and defense contractors to cater to the evolving needs of modern warfare. Precision-guided 30mm munitions offer enhanced accuracy and effectiveness against a variety of targets, providing military forces with a more versatile and reliable solution.

For instance, in 2022, the US military procured approximately 15,000 munitions for around USD 3.8 Billion; in 2023, they requested nearly 16,600 munitions for around USD 4.4 Billion. The consistent and substantial procurement of PGMs by the US military indicates a sustained demand for these munitions. This opportunity aligns with the growing emphasis on precision and efficiency in military operations, creating a niche for 30mm caliber systems equipped with cutting-edge guidance technologies.

Global 30mm Medium Caliber Market Challenge:

Technological Disruption from Unlimited Magazine Size to Hamper Market Growth – A noteworthy challenge facing the Global 30mm Medium Caliber Market is the emergence of technologically advanced contemporary weapon systems with unlimited magazine size. As newer weapon technologies evolve, some platforms are moving away from traditional ammunition constraints, allowing for continuous firing without the need for frequent reloading. This paradigm shift poses a challenge to the market for 30mm caliber systems, which traditionally operate within finite magazine capacities.

The allure of unlimited magazine size in certain advanced weapon systems has diverted attention and investment away from the 30mm caliber market, potentially impacting its growth trajectory. Manufacturers and stakeholders in the 30mm medium caliber sector must navigate this technological landscape and innovate to remain competitive amid evolving military requirements.

Global 30mm Medium Caliber Market Trend:

High Adoption Rates & Development of Air-Bursting Munitions Shaping Market Growth: –  A significant trend in the global 30mm medium caliber market is the surge in adoption rates and the concurrent development of air-bursting munitions. Military forces worldwide are increasingly recognizing the effectiveness of 30mm caliber systems, attributing to their versatility and firepower. The development of air-bursting munitions, which can explode mid-air to maximize damage against various targets, adds a new dimension to the capabilities of 30mm caliber weapons.

This trend reflects the ongoing efforts to enhance the lethality and operational flexibility of military platforms, aligning with the evolving requirements of modern warfare scenarios. Manufacturers are responding to this trend by investing in research and innovation, anticipating that the combination of high adoption rates and the evolution of air-bursting munitions will propel significant market growth in the coming years.

Global 30mm Medium Caliber Market (2024-30): Segmentation Analysis

The Global 30mm Medium Caliber Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. According to the analysis, the market has been further classified as:

Based on the Weapon Type:

• Automatic Canon
  • Vehicle-Mounted Autocannons
  • Aircraft Autocannons
  • Naval Autocannons
• Rotary Canon
  • Rotary Wing Aircrafts
  • Infantry Fighting Vehicles (IFVs)
• Naval Gun
• Anti-Craft Gun

Within the Global 30mm Medium Caliber Market, automatic cannons have emerged as the dominant force, leading across various weapon types. Notably, vehicle-mounted autocannons, employed in armored vehicles for ground forces, have seen widespread adoption, enhancing the firepower and versatility of military fleets. Aircraft autocannons, integrated into fixed-wing and rotary-wing aircraft, further contribute to this dominance, providing air-to-ground and air-to-air capabilities. Naval autocannons also play a crucial role in maritime defense. Rotary cannons, found in rotary-wing aircraft and infantry fighting vehicles (IFVs), bolster the dominance of automatic cannons in the market.

This prevalence is a testament to the adaptability and effectiveness of automatic cannons across diverse military platforms, solidifying their position as the primary choice in the 30mm caliber landscape.

Based on the Ammunition Type:

• High Explosive Incendiary (HEI)
• High Explosive Incendiary-Tracer (HEI-T)
• High Explosive Incendiary/Tracer-Self Destruct (HEI/T-SD)
• Semi-Armor Piercing High Explosive Incendiary-Tracer/Self Destruct

In the ever-evolving landscape of the 30mm medium caliber market, the High Explosive Incendiary (HEI) ammunition type stands out as the unequivocal leader. Its commanding presence and widespread adoption underscore the versatility and effectiveness that HEI brings to diverse military applications. Boasting a unique combination of high explosive and incendiary properties, HEI ammunition proves to be a versatile solution, making it the ammunition of choice for military forces seeking precision and impact across various operational scenarios. Whether integrated into vehicle-mounted autocannons, aircraft autocannons, naval autocannons, or other systems, HEI ammunition's dominance reflects not just a current preference but also a shaping force in the ongoing evolution of ammunition technology within the 30mm medium caliber market.

Alongside HEI, the High Explosive Incendiary-Tracer (HEI-T) variant is emerging as a noteworthy contender, offering enhanced functionality with tracer capabilities, further contributing to the diversified and evolving landscape of ammunition types in this market.

Global 30mm Medium Caliber Market (2024-30): Regional Projections

Geographically, the Global 30mm Medium Caliber Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Positioned as the dominant force in the Global 30mm Medium Caliber Market, North America commands a substantial market share, propelled by its advanced technological capabilities, formidable defense budgets, and a robust infrastructure dedicated to military modernization. The United States, a key player in this influential region, plays a pivotal role in steering the market's trajectory. North America's leadership is evident in its proactive adoption of 30mm caliber systems across diverse platforms, ranging from aircraft autocannons to ground-based vehicles, showcasing a comprehensive commitment to cutting-edge weaponry.

The region's strategic focus on maintaining military superiority and readiness amplifies its supremacy, making North America a central driver and influencer in shaping the ongoing evolution of the Global 30mm Medium Caliber landscape in the upcoming years.

Global 30mm Medium Caliber Industry Recent Development:

• 2023: BAE Systems, the leading UK defense company, secured an additional USD 160 million order from the government for munitions amid the ongoing conflict in Ukraine, bringing the total contract value to USD 504.3 million. Initially signing a USD 344.3 million munitions contract in July, the government exercised an option to augment the supply by an additional USD 160 million.
• 2023: Munitions India Limited, an Indian firm, is reportedly providing Armenia with 150,000 grenades of 30 and 40 mm caliber, following a prior delivery of 5 million 7.62 mm caliber cartridges to Armenia two months ago.

Gain a Competitive Edge with Our Global 30mm Medium Caliber Market Report

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