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Unlocking Lucrative Opportunities in the Consolidated Region's 30MM Ammunition Market || General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc
Consolidated Region 30MM Ammunition Market
The Business Research Company's Consolidated Region 30MM Ammunition Global Market Report 2023 identifies the growth in military spending is the major driver for the consolidated region 30mm ammunition market's growth in the forecast period. Military spending is the sum of money that a country spends on building and sustaining its armed forces or other defense-related strategies. The military's expenditure on consolidated 30 mm ammunition guarantees that the armed forces have access to ammunition that can engage targets precisely, effectively, and with enough firepower, which enhances soldiers' efficiency on the battlefield.
The consolidated region 30mm ammunition market is expected to grow from $1.78 billion in 2022 to $1.88 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The consolidated region 30mm ammunition market is expected to reach $2.30 billion in 2027 at a CAGR of 5.2%.
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Major competitors in the consolidated region 30mm ammunition market are General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Thales Group, Olin Corporation, Rheinmetall Electronics GmbH, Elbit Systems Ltd., KMW + Nexter Defense Systems N.V., Poongsan Corporation, IMI Systems, Remington Arms Company LLC.
A key trend in the consolidated region 30mm ammunition market includes offering growing product developments. Major companies operating in the consolidated 30mm ammunition market are developing innovative products to sustain their position in the market. For instance, in January 2023, Economic Explosives Ltd., an India-based chemical company, developed 30mm AK-630-HE ammunition, which the Indian Navy received.
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The consolidated region 30mm ammunition market is segmented -
1) By Caliber: 20mm, 25mm, 30mm, 40mm, Other Calibers
2) By Ammunition Type: High Explosive Incendiary (HEI), High Explosive Incendiary - Tracer (HEI-T), High Explosive Incendiary/Tracer - Self Destruct (HEI/T-S.D.), Semi-armor Piercing High Explosive Incendiary-Tracer/Self Destruct, Other Ammunitions
3) By Weapon Type: Autocannon, Rotary Cannon, Naval Gun, Anti-material Gun, Anti-aircraft Gun, Other Weapons
4) By Platform: Airborne, Naval, Land
5) By Application: Lethal, Non-lethal
6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the consolidated region 30mm ammunition market.
The Business Research Company's "Global Consolidated Region 30MM Ammunition Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Consolidated Region 30MM Ammunition Market Include:
1. Executive Summary
2. Consolidated Region 30MM Ammunition Market Characteristic
3. Consolidated Region 30MM Ammunition Market Trends And Strategies
4. Consolidated Region 30MM Ammunition Market - Macro Economic Scenario
5. Consolidated Region 30MM Ammunition Market Size And Growth
……………
27. Consolidated Region 30MM Ammunition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Consolidated Region 30MM Ammunition Market
29. Consolidated Region 30MM Ammunition Market Future Outlook And Potential Analysis
30. Appendix
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