A11974 | Pages: NA | Jul 2022 | 1096 Views | ||
Author(s) : Sonia Mutreja | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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The programmable ammunition can be programmed to work in coordination with the help of a control computer. The systems are pre-programmed and fixed at different distances for target alignment and firing. The programmable ammunitions market has grown significantly owing to increase in supply agreements and upgrading operations developed by the armed forces of different countries due to emerging threats. Increase in growth depends on several others linear factors related to the allocation of funds by the defence forces for purchasing of new equipment.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2021–2030 |
Base year considered | 2020 |
Forecast period | 2021–2030 |
Forecast units | Value (USD) |
Segments Covered | Technology, Component, End User, Detonation Type and Region |
Region | North America, Europe, Asia-Pacific, LAMEA |
Companies covered | Northrop Grumman Corporation, Aselan A.S., Nammo AS, Rheinmetall AG, BAE Systems PLC, Fuchs Electronics, Leonardo S.P.A., Nexter Groups KNDS, JUNGHANS Microtec GmbH, Reshef Technologies LTD. |
COVID-19 Scenario Analysis:
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Increasing adoption of modern-age combat systems in programmable ammunition market:
As technology advances more and more, the industry innovations, whether in sensor technology, firing systems or auxiliary systems. While certain technologies are aimed at improving the accuracy and performance of existing systems, the industry is also seeing a number of breakthroughs in programmable ammunition and pre-controlled weapons that are completely different from existing defence systems. The emphasis on increasing the lethality and efficiency of weapon systems has led to the development of smart weapons and programmable ammunition. Modern weapons, such as a remote weapons station mounted on an unmanned system, provide automatic targeting but not automatic fire on the battlefield.
Surge in demand for programmable ammunition due to geopolitical tension between borders:
Countries such as India, China, Japan and South Korea are one of the key markets of the programmable ammunitions market as demand increased due to rising geopolitical tensions and border areas. Defence spending has been increased in these regions, defences forces are strengthening their ammunition fleet against the threats and counter attacks. Rising geopolitical tensions, political turmoil and cross-border conflicts, especially in the Middle East and Asian countries, will lead to the strengthening of military power. The expansion of the army and the increase in the acquisition of small, medium and large caliber ammunition will promote the growth of the global market. Large-caliber ammunition is used primarily in the national defense operations of Japan, Russia, South Korea, and other countries.
Key Segments Covered:
Segments | Sub-Segments |
Technology |
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Component |
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Detonation Type |
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End User |
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Region | North America
Europe
Asia-Pacific
LAMEA
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Key Benefits of the Report:
Questions answered in the programmable ammunition market research report:
Key Market Segments
Segments | Sub-segments |
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By Technology |
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By Component |
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By Detonation Type |
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By End User |
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By Region |
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Key Market Players
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