Global 30mm Medium Caliber Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
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.
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Global 30mm Medium Caliber Market Dynamics: 2024-2030
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.
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Global 30mm Medium Caliber Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
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
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
In the ever-evolving landscape of the 30mm medium caliber market, the High Explosive Incendiary (HEI) ammunition type stands out as the unequivocal leader.
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
Positioned as the dominant force in the Global 30mm Medium Caliber Market,
-Asia-PacificNote - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Global 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
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.
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