The global 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. The developing 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.
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 the land platforms.
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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 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).
The company continues to expand its global presence and focuses on the delivery of high-tech and best-in-class products and services to customers. General Dynamics is closely collaborating with its clients and forming strategic alliances with other key players to reinforce its position in the ammunition handling system market.
Meggitt Defense Systems, a subsidiary of Meggitt headquartered in California, US, is a key player in the ammunition handling system market. It designs and manufactures high-performance components and subsystems for the defense market. The company focuses on gaining military contracts and carrying out extensive R&D activities to develop advanced ammunition handling systems. It has a comprehensive product portfolio that comprises different types of ammunition handling systems for land, airborne, and naval platforms. The company focuses on both, organic as well as inorganic growth strategies to enhance its position in the ammunition handling system market. For instance, in 2015, Meggitt Defense Systems received a contract worth USD 42.1 million from Lockheed Martin Corporation (US). This contract enabled Meggitt Defense Systems to ensure the production and supply of 245 40mm case-telescoped linkless Ammunition Handling Systems (AHS) for Lockheed’s SCOUT Specialist Vehicle (SV) armored vehicles.
General Dynamics is another key player operating in the ammunition handling system market. The company develops the F-22A 20mm Gatling gun system for aircraft and 20mm M61A1 Gatling gun and ammunition handling system. The company continues to expand its global presence and focuses on the delivery of high-tech and best-in-class products and services to customers. General Dynamics is closely collaborating with its clients and forming strategic alliances with other key players to reinforce its position in the ammunition handling system market. For instance, in 2012, General Dynamics Armament and Technical Products, a business unit of General Dynamics, received a contract worth USD 7.8 million from the US Navy to produce more than 20 F/A-18 E/F 20mm gun systems for the Navy Air Systems Command’s Super Hornet fighter aircraft. The F/A-18 E/F gun system is composed of a lightweight, six-barrel 20mm M61A2 Gatling gun equipped with a closed-loop rotary linkless feed system.
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