155mm Ammunition Market Set to Reach $4.33 Billion by 2029 with 4% Yearly Growth

How Are the key drivers contributing to the expansion of the 155mm ammunition market?
The escalation of terrorist activities worldwide is predicted to drive forward the expansion of the 155mm ammunition market. The term "terrorist activity" denotes actions initiated by individuals, groups, or organizations intending to evoke fear, panic, and inflict harm on civilians, governments, or societies driven by political, ideological, religious, or social reasons. The surge in these activities boosts the demand for more effective, lethal weapons and robust forces, including the use of 155mm ammunition beneficial for security forces to counteract terrorism and dismantle terror sites. For example, the Global Terrorism Index by the Institute for Economics & Peace, an Australia-based Think tank, states that in 2023 terror attacks were deadlier in 2022, with an average loss of 1.7 lives per attack compared to 1.3 deaths per assault in 2021. Consequently, this rise in terrorism significantly contributes to the progression of the 155 mm ammunition market.

Get Your 155mm Ammunition Market Report Here:
https://www.thebusinessresearchcompany.com/report/155mm-ammunition-global-market-report

What growth opportunities are expected to drive the 155mm ammunition market's CAGR through 2034?
The market for 155mm ammunition has experienced consistent growth in the past few years. With a projected increase from $3.58 billion in 2024 to $3.7 billion in 2025, this market is expected to see a compound annual growth rate (CAGR) of 3.2%. Factors contributing to this growth during the historical period include military disputes and warfare, the modernization and enhancement of artillery systems, geopolitical instability and safety worries, the embracing of precision-guided munitions, the advancement of artillery platforms and firing systems, as well as the impact of the arms race dynamics.

The market for 155mm ammunition is predicted to witness consistent growth in the coming years, ultimately reaching $4.33 billion in 2029 with a compound annual growth rate (CAGR) of 4.0%. This expected growth in the forecast period can be accredited to the incorporation of intelligent and guided ammunition technologies, increased demand for long-range artillery capabilities, utilization of innovative materials in ammunition production, a rise in anti-access and counter-battery capabilities, and the adoption of adaptable and modular ammunition solutions. Other factors boosting the demand are the surge in requirements for automatic and autonomous artillery systems. Major forecast period trends encompass advancements in propellant and projectile design technologies, innovational developments in detonation and fuzing systems, the introduction of next-generation propellants, and the use of 3D printing for crafting personalised ammunition components.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12622&type=smp

What are the emerging trends shaping the future of the 155mm ammunition market?
The push for the creation of innovative propellants is a significant trend emerging in the 155mm ammunition market. To stay competitive, the leading companies in this sector are developing and presenting advanced propellant designs. This is demonstrated by Rheinmetall, a Germany-based weapons production company, which unveiled its newest L58 long-range artillery propellant charge technology in September 2022. This cutting-edge technology extends the firing range by 10% compared to formerly used artillery propellants, thus enhancing the complete operational temperature profile, including under standard conditions. This advent was possible by doing intensive research and development on the L39 and L52 versions of the 155mm extended range charge.

Which growth-oriented segments of the 155mm ammunition market are leading the industry's development?
The 155mm ammunition market covered in this report is segmented -

1) By Technology: Guided, Unguided
2) By Application: Projectiles, Propellants, Tanks, Other Applications
3) By End User: Naval Forces, Ground Forces

Subsegments:
1) By Guided: GPS-Guided Shells, Laser-Guided Munitions, Inertial Navigation Guided Shells
2) By Unguided: High-Explosive (HE) Shells, Smoke Shells, Illumination Shells, Training Rounds

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12622

What regions are leading the charge in the 155mm ammunition market?
Asia-Pacific was the largest region in the 155mm ammunition market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the 155mm ammunition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What companies are at the forefront of innovation in the 155mm ammunition market?
Major companies operating in the 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., Olin Corporation, Rheinmetall AG, Elbit Systems Ltd., Saab AB, Nammo AS, Denel SOC Ltd., Nexter Group, Ammo Inc., RUAG Holding AG, Munitions India Ltd., Savage Arms, Hornady Manufacturing Company, MSM Group s.r.o., Winchester Ammunition Inc., Magtech Ammunition Company Inc., Poongsan Corporation, JSC Arsenal AD

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12622&type=smp

What Is Covered In The 155mm Ammunition Global Market Report?

• Market Size Forecast: Examine the 155mm ammunition market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the 155mm ammunition market for a structured understanding.
• Key Players Overview: Analyze major players in the 155mm ammunition market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 155mm ammunition market.
• Segment Contributions: Evaluate how different segments drive overall growth in the 155mm ammunition market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 155mm ammunition market.
• Industry Challenges: Identify potential risks and obstacles affecting the 155mm ammunition market.
• Competitive Landscape: Review strategic developments in the 155mm ammunition market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.