Press release
Primary Catalyst Driving Consolidated Region 30MM Ammunition Market Evolution in 2025: Rising Military Expenditure Fuels Growth In Consolidated Region's 30Mm Ammunition Market Driver
Consolidated Region 30MM Ammunition Market
The surge in military expenditures is anticipated to drive the expansion of the consolidated area's 30mm ammunition market. Military expenditure refers to the capital a nation dedicates to the creation and maintenance of its defense forces or other defense-related methods. Allocating funds particularly for consolidated 30mm ammunition assures that the military has access to ammunition capable of delivering precise, effective, and substantial firepower, thereby increasing battle efficacy for soldiers. To illustrate, the Office of the Parliamentary Budget Officer, an intergovernmental organization based in Canada, has projected an uptick in overall military spending, rising from $36.3 billion in 2022-2023 to $51.0 billion in 2026-2027. Thus, the increasing military expenditures are steering the growth of the consolidated region's 30mm ammunition market.
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How will the growth rate of the consolidated region 30mm ammunition market shape industry trends by 2034?
The overall growth of the region 30mm ammunition market has been robust over the recent past. The market's projection for growth from $1.95 billion in 2024 to $2.05 billion in 2025 follows a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this trend include military modernisation programs, regional security issues, counter-terrorism efforts, operations ensuring peace and stability, as well as the allocation of defence budgets.
The amalgamated market size of 30mm ammunition is projected to witness robust expansion in the forthcoming years. The market is expected to surge to $2.53 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.4%. This growth during the forecasted timeframe can be credited to factors such as geopolitical movements, armed forces modernization, peace promotion, conflict resolution, change in military plans, and joint defense undertakings. Predominant trends during this period are predicated to be an emphasis on ecological balance, enhanced cooperation between manufacturers, focus on economically viable solutions, the use of composite materials, and the emergence of smart ammunition.
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What are the emerging trends shaping the future of the consolidated region 30mm ammunition market?
Innovative product developments have become a significant trend shaping the consolidated 30mm ammunition market. To retain their market footing, prominent corporations in the sector are generating new products. For instance, in January 2023, Economic Explosives Ltd., a chemical company based in India, fabricated 30mm AK-630-HE ammunition, which was garnered by the Indian Navy. This marks the first-ever entirely domestic 30mm ammunition created in India, primarily used for AK-630 guns positioned on warships.
Which primary segments of the consolidated region 30mm ammunition market are driving growth and industry transformations?
The consolidated region 30mm ammunition market covered in this report 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 Incendiarym Or Tracer - Self Destruct (HEI Or T-S.D), Semi-armor Piercing High Explosive Incendiary-Tracer Or 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
Subsegments:
1) By 20mm: Armor-Piercing Rounds, High-Explosive Incendiary Rounds, Training Rounds
2) By 25mm: Armor-Piercing Rounds, High-Explosive Rounds, Practice Rounds
3) By 30mm: High-Explosive Incendiary (HEI) Rounds, Armor-Piercing Discarding Sabot (APDS) Rounds, Target Practice Rounds
4) By 40mm: High-Explosive Rounds, Smoke Rounds, Training Rounds
5) By Other Calibers: Varied Specialty Rounds, Custom Or Experimental Calibers
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Which geographical regions are pioneering growth in the consolidated region 30mm ammunition market?
North America was the largest region in the consolidated region 30mm ammunition market in 2024. The regions covered in the consolidated region 30mm ammunition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the consolidated region 30mm ammunition market landscape?
Major companies operating in the consolidated region 30mm ammunition market include 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, Nammo AS, Denel SOC Ltd., Nexter Systems, Fiocchi Munizioni SpA, Economic Explosives Ltd., RUAG Holding AG, Arsenal JSCo., Nammo Lapua Oy, Rheinmetall Denel Munition (Pty) Ltd., Hornady Manufacturing Company, MSM GROUP s.r.o., Mesko SA, Speer Ammunition, Norma Precision AB, CBC Global Ammunition, CCI Ammunition, PMC Ammunition Inc., Magtech Ammunition Company Inc., RWS GmbH
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What Is Covered In The Consolidated Region 30MM Ammunition Global Market Report?
• Market Size Forecast: Examine the consolidated region 30mm ammunition market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the consolidated region 30mm ammunition market for a structured understanding.
• Key Players Overview: Analyze major players in the consolidated region 30mm ammunition market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the consolidated region 30mm ammunition market.
• Segment Contributions: Evaluate how different segments drive overall growth in the consolidated region 30mm ammunition market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the consolidated region 30mm ammunition market.
• Industry Challenges: Identify potential risks and obstacles affecting the consolidated region 30mm ammunition market.
• Competitive Landscape: Review strategic developments in the consolidated region 30mm ammunition market, including expansions, agreements, and new product launches.
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