Global Ammunition Handling System Market Size By Weapon Type (Machine guns, Launchers, Main guns), By Application (Ground, Marine, Aviation), By Mode of Operation (Automatic, Semi-Automatic), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Ammunition Handling System Market Size And Forecast
Ammunition Handling System Market size was valued at USD 2.34 Billion in 2024 and is projected to reach USD 4.89 Billion by 2031, growing at a CAGR of 9.67% during the forecast period 2024-2031.
The Ammunition Handling System Market is really taking off! We're seeing major revenue gains and market growth as governments around the world are beefing up their offensive capabilities. In particular, the Asia Pacific region is a huge driver for this growth over the past few years. These countries are putting serious cash, a large part of their annual budgets, into getting their hands on advanced defense solutions, which, in turn, is really helping the Ammunition Handling System Market. Looking ahead, things like technological development, government initiatives, and local defense projects are all expected to keep pushing the global Ammunition Handling System Market forward.
Global Ammunition Handling System Market Definition
Ammunition handling systems are a part of the defense sector for storing, transporting, and treating ammunition. Ammunition is extremely dangerous to handle without any care or safety measures. One minor mistake and it could result in a catastrophe, causing massive losses. Thus, ammunition handling systems are extremely crucial as they enable military personals to safely handle, manage, and store ammunition and avoid any misfires or accidents.
A typical Ammunition Handling System has many distinct parts such as loading systems, drive assembly, ammunition storage units, auxiliary power units, etc. Each component plays a crucial role in handling of ammunition. These systems can be completely automatic or semi-automatic. Ammunition handling systems are used across all three branches of defense sector such as military, marine, and air force.
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Global Ammunition Handling System Market Overview
The largest end-user for ammunition handling systems is the defense sector. Across the world, governments spend a massive sum of their annual budget on the defense sector to ensure the procurement of the latest offensive technologies and defense solutions. Ammunition is the most basic part of offensive arsenal as it is used in almost all weapon types. With the growing border tensions between several countries, the demand for ammunition has increased globally. Ammunition handling systems offer many advantages to the user such as a short installation period, secured establishment, and design optimizations.
Such market developments are offering many expansion and growth opportunities to the key players in the market. This is especially the conditions in emerging markets such as China, India, and other Asian countries that are investing heavily in defense solutions. However, the market is expected to grow steadily in low and middle-income countries, because of their struggling economies.
Global Ammunition Handling System Market Segmentation Analysis
The Global Ammunition Handling System Market is Segmented on the Basis of Weapon Type, Application, Mode of Operation, And Geography.
Ammunition Handling System Market, By Weapon Type
Machine guns
Launchers
Main guns
Others
Based on the Weapon Type, we have segmented the global Ammunition Handling System Market into machine guns, launchers, main guns, and others. The machine guns segment is forecasted to generate maximum revenue during the forecast period because of its higher demand for ammunition compared to other weapon types. Ammunition used in machine guns also requires appropriate handling to allow its efficient use while in practice. Thus the segment is reporting exponential growth each year.
Ammunition Handling System Market, By Application
Ground
Marine
Aviation
Based on Application, the global Ammunition Handling System Market is segmented as ground, marine, and aviation. We have analyzed that the ground segment will lead the market in terms of market share and revenue due to its higher reliance on artillery such as machine guns, Gatling guns, main guns, and several other weapon types. The segment uses the most diversified arsenal of offensive weapons and thus requires ammunition handling systems for their proper handling.
Ammunition Handling System Market, By Mode of Operation
Automatic
Semi-Automatic
Based on the Mode of Operation, the global Ammunition Handling System Market is segmented as automatic and semi-automatic. The semi-automatic segment is expected to have a larger market share during the forecast period as it provides necessary control for the user, which is crucial on the battlefield. With the rising ground-level warfare, semi-automatic ammunition handling systems are experiencing a significant surge in market demand.
Ammunition Handling System Market, By Geography
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Breaking down where you can find ammunition handling systems around the world, we can look at it geographicallyNorth America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. You'll see these regions pop up when we talk about the global Ammunition Handling System Market as well. Now, North America is expected to be the big player here, mainly because of their sizable defense budget and focus on having the most advanced defense technology. But don't count out the Asia Pacific region! It's predicted to grow the quickest, with emerging markets like China and India really stepping up their game. A lot of countries in Asia are putting serious money into defense because of increasing tensions at their borders.
Key Players
The “Global Ammunition Handling System Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Meggitt PLC, General Dynamics, Nobles Worldwide, McNally Industries, Curtiss-Wright, Standard Armament, Moog, BAE Systems, Thales Group, L3 Harris, Dillon Aero, and GSI International.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.
Key Developments
In September 2022, Meggitt PLC was acquired by Parker Hannifin. Parker is focusing on the expansion of its aerospace portfolio with Meggitt’s leading defense and aerospace technologies.
In April 2023, General Dynamics was offered a two-year deal by the US Navy to manage its online personnel management platform.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovator.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Ammunition Handling System Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Ammunition Handling System Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Meggitt PLC, General Dynamics, Nobles Worldwide, McNally Industries, Curtiss-Wright, Standard Armament, Moog, BAE Systems, Thales Group, L3 Harris, Dillon Aero, and GSI International.
SEGMENTS COVERED
By Weapon Type, By Application, By Mode of Operation, And By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
We dig deep into the market using both qualitative and quantitative methods, looking at segmentation through economic and non-economic lenses. Expect detailed market value data (in USD Billion) for every segment and sub-segment. We'll point out the region and segment poised for the fastest growth and market leadership. Our geographical analysis highlights product/service consumption and the factors shaping each region's market. The competitive landscape section ranks major players and covers recent service/product launches, partnerships, expansions, and acquisitions. You'll also find comprehensive company profiles including overviews, insights, product benchmarking, and SWOT analysis for key market participants. Get a clear picture of the industry's current and future, taking into account growth opportunities, drivers, and challenges in both emerging and developed regions. Finally, we provide an in-depth market analysis using Porter's five forces.
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