Market NEWS: The Ammunition Handling System
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
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",. 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.
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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.
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.
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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