Status : Published | Published On : Jun, 2024 | Report Code : VRAD12030 | Industry : Aerospace and Defense | Available Format : | Page : 199 |
The Global 30mm Medium Caliber Market is anticipated to grow at a CAGR of 1.29% from USD 1 billion in 2023 to USD 1.15 billion in 2030 during the forecast period from 2025 to 2030.
Increased military modernization efforts and the demand for versatile and powerful weaponry are the growth drivers of this market. The 30mm medium caliber has application in various defense systems, like armoured vehicles, aircraft cannons and naval guns. The need for effective solutions against a range of threats, from armored vehicles to unmanned aerial systems, in modern warfare scenarios has propelled the market. In addition, advancements in technology, such as improved precision and firepower, contribute to the market's expansion. As countries seek to develop their defense capabilities, the 30mm Medium Caliber Market is expected to witness sustained growth, with manufacturers focusing on innovations to meet evolving military requirements.
Market Segmentation
Insight by Weapon Type
On the basis of weapon type, the global 30mm medium caliber market is classified into Automatic Canon (Vehicle-Mounted Autocannons, Aircraft Autocannons and Naval Autocannons), Rotary Canon (Rotary Wing Aircrafts and Infantry Fighting Vehicles (IFVs), Naval Gun and Anti-Craft Gun. Within the Global 30mm Medium Caliber Market, automatic cannons dominate the market. Especially, vehicle-mounted autocannons, employed in armored vehicles for ground forces are been adopted, enhancing the firepower and versatility of military fleets.
Insight by Ammunition Type
Based on ammunition type, the global 30mm medium caliber market is segregated into High Explosive Incendiary (HEI), High Explosive Incendiary-Tracer (HEI-T), High Explosive Incendiary/Tracer-Self Destruct (HEI/T-SD) and Semi-Armor Piercing High Explosive Incendiary-Tracer/Self Destruct. High Explosive Incendiary (HEI) ammunition type dominates the 30mm medium caliber market due to its commanding presence and widespread adoption underscore the versatility and effectiveness.
Report Metric |
Details |
Historical Period |
2018 - 2023 |
Base Year Considered |
2024 |
Forecast Period |
2025 - 2030 |
Market Size in 2023 |
U.S.D. 1 Billion |
Revenue Forecast in 2030 |
U.S.D. 1.15 Billion |
Growth Rate |
1.29% |
Segments Covered in the Report |
By Weapon Type, By Ammunition Type |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Regions Covered in the Report |
North America, Europe, Asia-Pacific, South America and Middle East and Africa |
Industry Dynamics
Growth Drivers
The rising geopolitical tensions, defense budgets and the continuous development of military capabilities are the major factors influencing the market. The adaptability of 30mm caliber weapons across various platforms and their effectiveness in various combat scenarios contribute to their widespread adoption. The market is characterized by the presence of key players investing in research and development to introduce advanced and efficient 30mm medium caliber systems. The continuous increase in defense budgets allocated for military modernization and the upgrading of ammunition is driving the market growth of 30mm Medium Caliber. There has been a heightened focus on enhancing the firepower and efficiency of military equipment, including weapons with a 30mm medium caliber, as nations are bolstering their defense capabilities. This is poised to foster substantial growth in the 30mm medium caliber sector. The increasing demand for precision guided munitions (PGMs) within this caliber range plays an important role in the growth of the Global 30mm Medium Caliber Market. The manufacturers and defense contractors to cater to the evolving needs of modern warfare through the integration of advanced targeting and guidance systems with 30mm medium caliber weapons.
Restraints
Technological Disruption from unlimited magazine size shall hamper the 30mm medium caliber market. The emergence of technologically advanced contemporary weapon systems with unlimited magazine size is the main challenge faced by the global 30mm medium caliber market. Some platforms are moving away from traditional ammunition constraints, as newer weapon technologies evolve. This prototype shift poses a challenge to the market for 30mm caliber systems. The appeal of unlimited magazine size in certain advanced weapon systems has diverted attention and investment away from the 30mm caliber market, potentially impacting its growth path. Manufacturers and stakeholders in the 30mm medium caliber sector should navigate this technological landscape and innovate to remain competitive amid evolving military requirements.
Geographic Overview
Geographically, North America dominated the global 30mm medium caliber market. Particularly in the United States, the market is driven by substantial defense budgets and ongoing modernization programs. The U.S. military's focus on maintaining readiness for a range of combat scenarios and technological superiority ensures continued investment in advanced 30mm ammunition. Also collaborations with key defense contractors and continuous research and development efforts sustain the growth and innovation in this sector. In Europe, countries like the United Kingdom, France, and Germany are investing in advanced munitions to enhance their defense capabilities.
Competitive Insights
Denel Pretoria Metal Pressings is popularly known as PMP which is an integrated manufacturer of small- and medium-calibre ammunition, brass products, detonics, power cartridges and mining drill-bits.
BAE Systems plc is a British multinational defence, aerospace and information security company, based in London, England. BAE Systems help their customers to stay a step ahead when protecting people and national security, critical infrastructure and vital information. They provide some of the world’s most advanced, technology-led defence, aerospace and security solutions.
Key Players Covered in the Report
The key players of Global 30mm Medium Caliber Market are Denel PMP, BAE Systems, CBC Defense, Munitions India Limited, Elbit Systems Land, KNDS NV, MSM Group SRO, General Dynamics Ordnance and Tactical Systems, Nammo AS, Northrop Grumman, Rheinmetall AG, Nexter Group, Ruag Group, Arcon Partners Ltd., Arsenal, and others.
Recent developments by Key Players
The German Bundeswehr has contracted with Rheinmetall to produce and supply medium-calibre ammunition for the Puma infantry fighting vehicle. A call-off from an existing framework agreement, the order encompasses several hundred thousand rounds of 30mm x 173 DM21 service ammunition. The order is worth over €350 million, including value added tax. Once perfect functionality has been demonstrated, delivery will begin this year and continue through to 2027.
Aerospace manufacturer BAE Systems will provide electronic warfare countermeasure pods for the US Navy’s (USN’s) fleet of Boeing P-8 maritime patrol jets. The company secured a $95 million contract from the navy on 5 June to fund initial engineering and manufacturing development of the podded system, which is intended to increase the P-8’s survivability and expand the non-stealth aircraft’s operating range in contested environments.
The global 30mm Medium Caliber Market report offers a comprehensive market segmentation analysis along with the estimation for the forecast period 2025–2030.
Segments Covered in the Report
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30mm Medium Caliber Market