Ammunition Handling System Market size is projected to be valued $4.7 Billion by 2025; with a CAGR of 9.5% from 2017 to 2025. The ammunitions are the substances fired, detonated or dropped from the weapons. The planned system to handle such ammunitions is termed as ammunition handling system.
Increasing incidences of warfare situations between countries, expenditure of countries to strengthen their security forces, increased terrorist activities, and growing instability in the world are the major drivers for the growth of the ammunition handling system. One of the major restraints of global ammunition handling system market is high investment involved in ammunition handling system. Also, occurrence of the mechanical failures in the ammunition handling system during critical situation restricts the growth of the ammunition handling system. However, increasing ammo storage capacity and growing demand for remote weapon stations and gun turret systems in various countries across the globe may provide growth opportunities for the ammunition handling system market.
Ammunition Handling System Market is segmented 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
Ammunition handling system market by geography 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.
Major companies operating in the ammunition handling system market include Meggitt Defense Systems, General Dynamics, Nobles Worldwide, McNally Industries, Standard Armament, and Curtiss-Wright, among others.
The key takeaways from the report
Scope of Ammunition Handling System Market
Weapon Type Segments
Feeding Mechanism Segments
Mode of Operation Segments