According to the new market research report "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", The 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 increasing 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.

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Based on platform, the ammunition handling system market has been segmented into land, naval, and airborne. The land platform segment of the ammunition handling system market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased adoption of land warfare vehicles, such as tanks, Armored Personnel Carriers (APCs), Mine Resistant Ambush Protected (MRAP) vehicles, and Infantry Fighting Vehicles (IFVs). In addition, the demand for ammunition handling systems in the defense sector has increased considerably over the past few years, owing to the significant rise in manufacturing of linear linkless ammunition feed systems.

Based on weapon type, the machine guns segment is projected to lead the ammunition handling system market from 2017 to 2022. However, the Gatling gun segment of the ammunition handling system market is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased adoption of Gatling guns by military forces worldwide to carry out anti-air operations.

The ammunition handling system market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The upgrade of warfare platforms by military forces of various countries in the Asia Pacific region is projected to drive the growth of the ammunition handling system market in this region. China, India, and South Korea are major countries investing in the procurement of ammunition handling systems and related technologies.

Key players operating in the ammunition handling system market include Meggitt Defense Systems (US), General Dynamics (US), Nobles Worldwide (US), McNally Industries (US), Standard Armament (US), Curtiss-Wright (US), BAE Systems (UK), and Dillon Aero (US). Leading market players are focused on the adoption of contracts as their key growth strategy to strengthen their foothold in the ammunition handling system market.

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