30mm Medium Caliber Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel


MarkNtel Advisors recently published a detailed industry analysis of the 30mm Medium Caliber Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

30mm Medium Caliber Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The 30mm Medium Caliber Market size is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30.

What are the major Driver the 30mm Medium Caliber industry?

Increasing Defense Budgets for Military Modernization & Upgrade of Ammunitions to Foster Market Growth– The Global 30mm Medium Caliber Market has been significantly driven by the continuous increase in defense budgets allocated for military modernization and the upgrading of ammunition. As nations globally prioritize bolstering their defense capabilities, there has been a heightened focus on enhancing the firepower and efficiency of military equipment, including weapons with a 30mm medium caliber. For instance,

In 2022, American defense manufacturer Rheinmetall developed a new medium caliber 30MM X 173MK 340 MOD 0 Kinetic Energy Electronically Timed (KEET) airburst munition for the US Navy. The MK 340 KEET is derived from the NATO standards.

The surge in defense expenditures reflects a commitment to adopting advanced technologies and weaponry, fueling the demand for 30mm caliber systems across various defense applications, from aircraft to armored vehicles. This development is poised to foster substantial growth in the 30mm medium caliber sector as countries strive to maintain and enhance their military readiness in an evolving global security landscape.

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What segments define the 30mm Medium Caliber market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

  • 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

According to report, Within the Global 30mm Medium Caliber Market, automatic cannons have emerged as the dominant force, leading across various weapon types.

  • 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

According to report, 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

o   Airborne- Market Size & Forecast 2019-2030F, USD Million

o   Naval- Market Size & Forecast 2019-2030F, USD Million

o   Land- Market Size & Forecast 2019-2030F, USD Million

Explore the Complete 30mm Medium Caliber Market Analysis Report – https://www.marknteladvisors.com/research-library/30mm-medium-caliber-market.html

Geographical Analysis: 30mm Medium Caliber Market

o   North America

o   Europe

o   Asia-Pacific

o   South America

o   Middle East & Africa

30mm Medium Caliber Market Share & Competitive Landscape:

The 30mm Medium Caliber Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the 30mm Medium Caliber Market are:

  • 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

30mm Medium Caliber 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.
  • 2023: Munitions India Limited, an Indian firm, is reportedly providing Armenia with 150,000 grenades of 30 and 40 mm caliber, following a prior delivery of 5 million 7.62 mm caliber cartridges to Armenia two months ago.

 Questions Addressed in this Study

1.What factors are driving the 30mm Medium Caliber Market growth?

2.How is the 30mm Medium Caliber Market expected to grow over the next five years?

3.What are the key insights into the current trends in the 30mm Medium Caliber Market?

4.What is the current size of the 30mm Medium Caliber Market, and how is it projected to change in the future?

6.What is the future outlook for the 30mm Medium Caliber Market in terms of technological advancements and market expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/30mm-medium-caliber-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.

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