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155mm Ammunition Global Market: Growth Factors, Players, Trends and Forecast to 2025
155mm Ammunition Global Market Growth Report 2025
What Is The Projected Market Size Of The Global 155mm Ammunition Global Market Report 2025 And Its Growth Rate?
The 155mm ammunition market has seen a stable growth in recent years with its size expected to grow from $3.58 billion in 2024 to $3.7 billion in 2025 at a compound annual growth rate (CAGR) of 3.2%.
• The market is predicted to see a steady growth in the next few years, reaching $4.33 billion in 2029 at a CAGR of 4.0%.
• These rates of growth can be attributed to various factors such as military conflicts, adoption of precision-guided munitions, and modernization of artillery systems in the historic period.
• The growth in the forecast period can be credited to the integration of smart ammunition technologies, rise in demand for long-range artillery capabilities, and adoption of advanced materials in ammunition manufacturing.
What Is Driving The Growth In The 155mm Ammunition Global Market Report 2025?
The growth of the 155mm ammunition market is being propelled forward by rising terrorist activities worldwide. Terrorist activities cause fear, harm, and panic and are often carried out for political, ideological, religious, or social purposes. Their increasing occurrence requires better and more lethal weapons which is where the 155mm ammunition comes into play, supporting security forces in combating terrorism and causing destruction of terrorist sites. For instance, according to the Global Terrorism Index, in 2023, terrorist attacks killed on average 1.7 people per attack in 2022, more deadly than the 1.3 deaths per attack in 2021. The rising terrorist activities are driving the growth of the 155mm ammunition market.
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Who Are the Key Players Driving 155mm Ammunition Global Market Report 2025 Growth?
Key players driving the growth of the global 155mm Ammunition market include:
•Raytheon Technologies Inc.
•General Dynamics Corporation
•Northrop Grumman Corporation
•BAE Systems PLC
•China North Industries Corporation
•Thales Group
•Leonardo S.p.A.
What Are The Key Trends In The 155mm Ammunition Global Market Report 2025?
Key trends in the 155mm ammunition market include:
•Technological advancements in projectile design
•Advancements in propellant and explosives technology
•Technological innovations in fuzing and detonation systems
•Development of next-generation propellants
•Use of 3D printing for custom ammunition components
What Are The Segments Of The Global 155mm Ammunition Global Market Report 2025?
The market report for 155mm ammunition is segmented by:
1)Technology: Guided, Unguided
2)Application: Projectiles, Propellants, Tanks, Other Applications
3)End User: Naval Forces, Ground Forces
Which Region Leads The 155mm Ammunition Global Market Report 2025?
The largest region in the 155mm ammunition market in 2024 was Asia-Pacific and it is expected to be the fastest-growing region in the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The 155mm Ammunition Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the 155mm Ammunition Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the 155mm Ammunition Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall 155mm Ammunition Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the 155mm Ammunition Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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