According to the new market
research report "Ammunition
Handling System Market by Platform (Land, Airborne, Naval), Weapon Type
(Cannons, Gatling Guns, Machine Guns, Main Guns, Launchers), Feeding Mechanism
(Linked, Linkless), Component, Mode of Operation, and Region - Global Forecast to 2022", published by
MarketsandMarkets™, the market is estimated to be USD 2.30 Billion in 2017 and
is projected to reach USD 3.50 Billion by 2022, at a CAGR of 8.75% from 2017 to
2022. The increasing demand for remote weapon stations, tank turrets, and
naval guns from military forces worldwide and rising incidences of asymmetric
warfare across the globe are key factors driving the growth of the ammunition
handling system market.
Browse 168 market data Tables and 56 Figures spread through 177 Pages
and in-depth TOC on "Ammunition
Handling System Market - Global Forecast to 2022"
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Based on platform, the land
segment is projected to lead the ammunition handling system market during the
forecast period
Based on platform, the land
segment is expected to lead the ammunition handling system market from 2017 to
2022. Ammunition handling systems identify and locate selected ammunition
rounds in a magazine, and transfer the chosen rounds to a weapon for firing.
The demand for main battle tanks and armored fighting vehicles has increased
across countries worldwide, thereby driving the growth of the ammunition
handling system market in land platform.
Based on feeding mechanism, the
linkless segment of the ammunition handling system market is expected to grow
at the highest CAGR during the forecast period
Based on feeding mechanism, the
ammunition handling system market has been segmented into linked and linkless.
The linkless segment is projected to lead the ammunition handling system market
from 2017 to 2022. The linkless ammunition feed mechanism allows loading of ammunition
in weapons through conveyor systems. This mechanism also helps download the
used cases and unfired rounds. The growth of the linkless segment can be
attributed to the need to enhance firepower of gun systems, the increase in
military modernization programs, and procurement of new military equipment.
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The ammunition handling system
market in the Asia Pacific region is projected to grow at the highest CAGR
during the forecast period
The growth of the ammunition
handling system market in the Asia Pacific region can be attributed to
increased defense spending of emerging countries, such as India and China.
These countries are focused on the development of advanced warfare systems for
military applications.
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Major players operating in the ammunition handling system market
include Meggitt Defense Systems (US), General Dynamics (US), McNally Industries
(US), Nobles Worldwide (US), and Curtiss-Wright (US).
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