Global Ammunition Handling System Market is Estimated to Reach $4 Billion by 2025, Says Accurize Market Research
Global Ammunition Handling System Market report published by Accurize Market Research forecast that the global market is expected to reach $4 billion by 2025; growing at a CAGR of 8.8% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising incidences of warfare situations between countries has led to increased security expenditure supplementing the market growth
Increasing incidences of warfare situations between countries, expenditure of countries to strengthen their security forces, increased terrorist activities, and growing instability in the worldfuelthe demand for the global ammunition handling system market.Furthermore,growing demand for remote weapon stations and gun turret systems in various countries across the globealso boost the growth of the market.
Market Segmentation
The global ammunition handling system market has been bifurcated on the basis of platform, weapon type, feeding mechanism, component, mode of operation and geography. On the basis of platform, the ammunition handling system market has been segmented into land, naval, and airborne. On the basis of weapon type, ammunition handling system market is divided into cannons, Gatling guns, machine guns, main guns and launchers. Based on the component, the ammunition handling system market is bifurcated into loading systems, drive assembly, ammunition storage units, and auxiliary power units, among others. Based on feeding mechanism, the ammunition handling system market is segmented into linked and linkless feeding mechanism segments. The ammunition handling system market on the basis of mode of operation is bifurcated into automatic and semi-automatic.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are countries under North America wherein Europe covers U.K, Germany, France, and others. Asia-Pacific covers China, India, Japan, Taiwan, and others. RoW covers South America, Middle East and Africa.
Top players in the market
The key market players include Meggitt Defense Systems, General Dynamics, Nobles Worldwide, McNally Industries, Standard Armament, and Curtiss-Wright, among others.
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