155mm Ammunition Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the 155mm Ammunition Market Size By 2025?
In recent times, the market size for 155mm ammunition has seen consistent growth. Predictions indicate an increase from $3.58 billion in 2024 to $3.7 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.2%. The growth in the past years can be traced back to factors like military conflicts and wars, modernization and upgrade of artillery systems, geopolitical tensions and security concerns, adoption of precision-guided munitions, evolution of artillery platforms and firing systems, and the influence of the arms race dynamics.

How Big Is the 155mm Ammunition Market Size Expected to Grow by 2029?
The market size for 155mm ammunition is forecasted to experience consistent growth in the forthcoming years, elevating to $4.33 billion by 2029 with a compound annual growth rate (CAGR) of 4.0%. This growth trajectory during the forecast period is due to the incorporation of intelligent and guided ammunition technologies, the increased need for long-range artillery functions, the utilization of state-of-the-art materials in ammunition production, the escalation in counter-battery and anti-access capabilities, and the adoption of modular and personalized ammunition solutions. The rise in demand for autonomous and automated artillery systems also contributes to the market growth. The key trends anticipated during the forecast period encompass advancements in projectile design, improvements in propellant and explosive technology, innovations in fuzing and detonation systems, the development of next-generation propellants, and the usage of 3D printing for bespoke ammunition components.

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Which Key Market Drivers Powering 155mm Ammunition Market Expansion and Growth?
The escalation in global terrorist activities is anticipated to bolster the expansion of the 155mm ammunition market. Terrorism is the act of creating fear, dread, and harm to civilians, governments, and societies for political, ideological, religious or social reasons, executed by individuals, groups, or organizations. The rise in such devastating activities necessitates the demand for more powerful and lethal weaponry and forces, in which scenario, 155mm ammunition can serve as effective tools for security forces in their fight against terrorism and in annihilating terrorist cells. For example, the Global Terrorism Index compiled by the Institute for Economics & Peace, an Australia-based think tank, reported in 2023 that terrorist attacks had become more lethal in 2022, causing 1.7 deaths per attack on average as compared to the 1.3 deaths per attack in 2021. As such, the surge in terrorist activities is fueling the growth of the 155 mm ammunition market.

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Which Fast-Growing Trends Are Poised to Disrupt the 155mm Ammunition Market?
The innovation of new propellants has emerged as a significant trend in the 155mm ammunition market. Dominant players in the 155mm ammunition market are inventing unique propellant designs to maintain their market presence. As an illustration, Rheinmetall, an armaments manufacturer based in Germany, unveiled its newest L58 extended-range artillery propellant charge technology in September 2022. This novel technology enhances the firing range by 10% compared to the prior artillery propellants employed by military forces and can increase the operational temperature profile's whole range, including under regular conditions. It was engineered through extensive research and development on the L39 and L52 versions of the 155mm extended range charge.

What Are the Emerging 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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the 155mm Ammunition Industry?
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

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