155mm Ammunition Market is projected to expand at a steady CAGR over the forecast by 2031 | Ruag Ammotec, BAE Systems, Denel, General Dynamics Corporation

155mm ammunition is a type of artillery shell that is fired from a howitzer cannon. It is typically used to provide support for troops on the ground, by shelling enemy positions or providing cover fire. The shells are usually made of high-explosive and are designed to cause maximum damage to targets. They are also equipped with a fuze, which is a device that detonates the shell at the desired time.

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Key Trends:

Some key trends in 155mm ammunition technology include the development of new propellants, the use of precision-guided munitions, and the increasing use of sensors and other technologies to improve the accuracy of artillery fire. One of the most significant trends in 155mm ammunition technology is the development of new propellants. Propellants are the chemicals that provide the energy to propel the projectile from the gun barrel.

Key Drivers:

The 155mm ammunition market is driven by the increasing demand for artillery systems globally.

The growing need for long-range artillery systems is another key driver of the market.

The increasing demand for technologically advanced artillery systems is also driving the market.

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Market Segments:

The 155mm ammunition market is segmented by technology, application, and region. By technology, the market is classified into guided, and unguided. Based on application, it is bifurcated into projectiles, propellants, tanks, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players:

The global 155mm ammunition market includes players such as Ruag Ammotec, BAE Systems, Denel, General Dynamics Corporation, Global Ordnance, Hornady Manufacturing, Magtech, Rheinmetall AG, Nexter Group, Northcorp Grumann Corporation, and others.

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