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. According to MarkNtel Advisors Study.
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.
Furthermore, gallons of treated water get polluted by various microbes like bacteria, algae, etc., due to severe issues in water distribution systems. Thus, the need for water purification became necessary to prevent waterborne diseases, which is projected to enhance the demand for the Global 30mm Medium Caliber Market in the upcoming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global 30mm Medium Caliber Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Weapon Type
- Automatic Canon- Market Size & Forecast 2019-2030F, USD Million
- Vehicle-Mounted Autocannons- Market Size & Forecast 2019-2030F, USD Million
- Aircraft Autocannons- Market Size & Forecast 2019-2030F, USD Million
- Naval Autocannons- Market Size & Forecast 2019-2030F, USD Million
- Rotary Canon- Market Size & Forecast 2019-2030F, USD Million
- Rotary Wing Aircrafts- Market Size & Forecast 2019-2030F, USD Million
- Infantry Fighting Vehicles (IFVs) – Market Size & Forecast 2019-2030F, USD Million
- Naval Gun- Market Size & Forecast 2019-2030F, USD Million
- Anti-Craft Gun- Market Size & Forecast 2019-2030F, USD Million
- Automatic Canon- Market Size & Forecast 2019-2030F, USD Million
- By Ammunition Type
- High Explosive Incendiary (HEI)- Market Size & Forecast 2019-2030F, USD Million
- High Explosive Incendiary-Tracer (HEI-T)- Market Size & Forecast 2019-2030F, USD Million
- High Explosive Incendiary/Tracer-Self Destruct (HEI/T-SD) – Market Size & Forecast 2019-2030F, USD Million
- Semi-Armor Piercing High Explosive Incendiary-Tracer/Self Destruct- Market Size & Forecast 2019-2030F, USD Million
- By Platform
- Airborne- Market Size & Forecast 2019-2030F, USD Million
- Naval- Market Size & Forecast 2019-2030F, USD Million
- Land- Market Size & Forecast 2019-2030F, USD Million
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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 positions.
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