30mm Medium Caliber Market Size & Insights
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.
What are the Key DROs in the 30mm Medium Caliber Market?
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.
What are the Key Segments in the 30mm Medium Caliber Market?
The 30mm Medium Caliber is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By 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.
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By 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
By Platform
- Airborne
- Naval
- Land
How does geographical analysis highlight in the 30mm Medium Caliber market?
By Region
- North America
- South America
- Europe
- 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.
Who are the Key Players in 30mm Medium Caliber Market?
- 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.
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30mm Medium Caliber Market News
- 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.
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