What is the future of Ammunition Handling System Market? Know Covid Impact on Size, Share & Forecasts

What is the future of Ammunition Handling System Market? Know Covid Impact on Size, Share & Forecasts

July 15, 2020

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ammunition Handling System Market.

It was estimated prior to this unanticipated outbreak that the Ammunition Handling System Market was likely to witness an impressive CAGR of 7.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

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Market Share Analysis

Ammunition Handling System Market Share: By Platform Type

Based on the platform type, the ammunition handling system market is segmented as land, naval, and airborne. The land segment dominated the market in 2019, and is expected to remain the fastest-growing platform type during the forecast period. The increasing demand for main battle tanks and armored fighting vehicles across the globe is driving the growth of this segment.

Ammunition Handling System Market Share: By Weapon Type

Based on the weapon type, the market is segmented as cannons, gatling guns, main guns, machine guns, and launcher. The machine guns segment dominates the market, whereas gatling gun is expected to remain the fastest-growing segment during the forecast period. The major factor that is attributing to the growth of the segment is the increased adoption of gatling guns by military forces, globally to carry out anti-air operations.

Ammunition Handling System Market Share: By Feeding Mechanism Type

Based on the feeding mechanism type, the ammunition handling system market is segmented as linked and linkless. The linkless segment dominates the market, as it allows loading of ammunition in weapons through conveyor systems. Further, this mechanism also helps to download the used cases and unfired rounds. The growth of this mechanism is contributing to the need to enhance firepower of gun systems, increase in military modernization programs, and procurement of new military equipment.

Ammunition Handling System Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the fastest-growing ammunition handling system market during the forecast period, with China, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is driven by the increase in the defense spending of emerging countries, which is generating huge demand for ammunition handling systems and the presence of a large number of ammunition handling system manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the foreseen duration.

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Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

Based on the research, a proper report is crafted with the following key features:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

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Author : Emily

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