According to Fortune Business Insights™, the consolidated region 30MM ammunition market was valued at USD 1.70 billion in 2024 and is projected to reach USD 2.34 billion by 2032, growing at a CAGR of 4.2% during the forecast period. North America led the market with a dominant 67.06% share in 2024, driven by its significant defense budget, early adoption of next-generation munitions, and the presence of leading market players such as Northrop Grumman Corporation and General Dynamics Corporation.
Market Overview
The increasing global focus on national defense, fueled by rising geopolitical tensions, terrorism, and border conflicts, is a primary driver of the consolidated region 30MM ammunition market. Armed forces and law enforcement agencies are enhancing procurement strategies for medium-caliber, next-generation ammunition across land, air, and naval platforms.
Moreover, technological innovation in ammunition systems—particularly caseless ammunition, programmable munitions, and advanced proximity fuzes—is reshaping the market. These developments are not only enhancing operational performance but also improving reliability and reducing logistical burdens.
Competitive Landscape
Key Players in the Consolidated Region 30MM Ammunition Market Include:
These companies are enhancing their portfolios through R&D, next-generation product development, and strategic collaborations to maintain competitive advantages and cater to evolving military requirements.
Source:
https://www.fortunebusinessinsights.com/consolidated-region-30mm-ammunition-market-107196