Programmable Ammunition Market Outlook – 2030
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.
COVID-19 Scenario Analysis:
- Programmable ammunition market manufacturers observed challenge in operation of manufacturing units throughout the world because of the lockdown implemented in several countries to prevent spread of COVID-19 spread as the number of workers are regulated.
- Manufacturing of programmable ammunition systems, their components, and assembly line has been negatively impacted due to COVID-19.
- Manufacturing companies have resumed the manufacturing and deliveries of programmable ammunition as the threat of COVID-19 is decreasing due to vaccination.
- COVID-19 outbreak resulted in decreased or even suspension in military activities which further lowers the growth of the global programmable ammunition market.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
- The increasing demand for programmable ammunition system by defence forces owing to rising incidences of conflicts and terrorism is driving the market.
- The increasing demand for programmable ammunition systems for military applications is owing to the rising incidents of conflicts and cyber-attack between countries.
- The development smart weapons is also one of the key driving factor for the growth of programmable ammunition market.
- The programmable ammunition market is also expected to grow in gradual process in the coming years as the procurement of advanced ammunition and modern-age combat systems by armed forces for minimizing possible threats has increased significantly.
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 Benefits of the Report:
- This study presents the analytical depiction of the programmable ammunition industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the programmable ammunition market share.
- The current market is quantitatively analyzed to highlight the programmable ammunition market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the programmable ammunition market.
- The report provides a detailed programmable ammunition market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the programmable ammunition market research report:
- Who are the leading market players active in the programmable ammunition market?
- What current trends will influence the programmable ammunition market in the next few years?
- What are the driving factors, restraints, and opportunities in the programmable ammunition market?
- What future projections would help in taking further strategic steps?
Key Market Segments
- By Technology
- Cannons
- Gatling Guns
- Machine Guns
- Main Guns
- Launchers
- By Component
- Loading Systems
- Drive Assembly
- Ammunition Storage Units
- Auxillary Power Units
- By Detonation Type
- By End User
- Naval
- Airforce
- Ground Defence Forces
- By Region
- North America
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Rest of LAMEA
Key Market Players
- Nammo AS
- Leonardo S.P.A.
- Rheinmetall AG
- Aselan A.S.
- Fuchs Electronics
- Northrop Grumman Corporation
- JUNGHANS Microtec GmbH
- Nexter Groups KNDS
- Reshef Technologies LTD.
- BAE Systems PLC