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Global 155mm Ammunition Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
155mm Ammunition
What Is the 155mm Ammunition Market Size and Projected Growth Rate?
The 155mm Ammunition Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the 155mm Ammunition Market Size and Projected Growth Rate?
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What Are the Major Segments in the 155mm Ammunition Market?
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
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What Are The Driving 155mm Ammunition Market Evolution?
The upsurge in terrorist activities globally is anticipated to enhance the expansion of the 155mm ammunition market. Such activities are defined as actions undertaken by individuals, groups, or organizations with the intention to incite fear, chaos, and damage to civilians, governments, or societies for various reasons including political, ideological, religious, or social. The escalation in such activities necessitates the requirement for more effective, lethal weapons and robust forces where 155mm ammunition could significantly assist security forces in countering terrorism and annihilating terrorist sites. For example, in 2023, as per the Global Terrorism Index by the Institute for Economics & Peace, an Australia-based think tank, terrorist attacks grew more fatal in 2022, resulting in an average death of 1.7 people per attack in 2022 compared to 1.3 deaths per attack in 2021. Consequently, the surge in terrorist activities is fuelling the expansion of the 155 mm ammunition market.
Which Firms Dominate The 155mm Ammunition Market Segments?
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
What Trends Are Expected to Dominate the 155mm Ammunition Market in the Next 5 Years?
The emergence of innovative propellants is becoming a significant trend in the 155mm ammunition market. Giant industry players are rolling out fresh propellant designs to bolster their foothold in the market. For example, Rheinmetall, a Germany-based arms producing company, launched its state-of-the-art L58 extended-range artillery propellant charge technology in September 2022. This new technology boosts the firing range by 10% compared to former artillery propellants used by armies, and significantly improves the overall operational temperature profile, even in ambient situations. It was created through rigorous R&D on the L39 and L52 models of the 155mm extended range charge.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 155mm Ammunition Market?
2. What is the CAGR expected in the 155mm Ammunition Market?
3. What Are the Key Innovations Transforming the 155mm Ammunition Industry?
4. Which Region Is Leading the 155mm Ammunition Market?
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