Global Ammunition Handling System Market to be worth $3.5 billion by 2022

by Akshata Sharma
Global Ammunition Handling System Market to be worth $3.5 billion by 2022
Ammunition Handling System Market by Platform (Land, Airborne, Naval), Weapon Type (Cannons, Gatling Guns, Machine Guns, Main Guns, Launchers), Feeding Mechanism (Linked, Linkless), Component, Mode of Operation, and Region - Global Forecast to 2022

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Country's Ammunition Handling System Market will grow to $3.5 Billion by 2022, as against the current valuation of $2.11 Billion in 2016, helped by increased awareness for Ammunition Handling System in the country.

"It is interesting to note that Ammunition Handling System is growing globally at a 8.75% per cent compounded annual growth rate and is currently valued at $3.5 Billion.

The ecosystem of the ammunition handling system market comprises OEMs, integrators, and end users. The defense sector is a major end user of the market. Technology providers in the ammunition handling system market are Curtiss-Wright (US), Nobles Worldwide (US), McNally Industries (US), and GSI International (US).

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April 22, 2019
by Akshata Sharma