Future Perspective: Key Trends Shaping the 155mm Ammunition Market Up to 2030

The 155mm ammunition market is positioned for significant expansion over the coming years, driven by evolving defense needs and technological advancements in artillery systems. This report offers an in-depth examination of the market's expected growth trajectory, key players, emerging trends, and segmentation, providing a clear understanding of its future outlook up to 2030.

Forecasted Growth of the 155mm Ammunition Market Size Through 2030
The 155mm ammunition market is projected to reach a value of $6.2 billion by 2030, growing at a steady compound annual growth rate (CAGR) of 5.7%. This upward trend is fueled by several factors, including an increasing demand for smart and precision-guided 155mm projectiles, ongoing modernization efforts within artillery fleets, and expanded procurement initiatives aimed at replenishing ammunition stocks that experience high consumption rates. Technological improvements enhancing the range and lethality of 155mm rounds also play a crucial role. Additionally, there is a growing focus on developing interoperable munitions that can be used effectively in joint and coalition military operations. Key trends anticipated to influence the market during this period include rising preferences for smart guided projectiles, the expansion of domestic ammunition manufacturing capabilities, greater use of modular charge systems in artillery, and progress in high-explosive and specialized warhead technologies.

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Prominent Players Leading the 155mm Ammunition Market Landscape
The competitive landscape of the 155mm ammunition market is dominated by several major industry players. These 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., MSM Group s.r.o., Winchester Ammunition Inc., Magtech Ammunition Company Inc., Poongsan Corporation, and JSC Arsenal AD.

Strategic Acquisition Expands Manufacturing Capacity for 155mm Ammunition
In October 2024, Brazil-based defense company Modirum Defense acquired Gespi, also a Brazilian manufacturer specializing in NATO-standard 155mm artillery rounds. Although the deal's financial terms were undisclosed, this acquisition enables Modirum Defense to enhance its manufacturing capabilities and scale production rapidly. It also improves supply chain security, integrates advanced AI-driven technologies, and strengthens Modirum Defense's position as a global supplier of precision artillery munitions tailored for allied forces.

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Innovations Driving Growth in the 155mm Ammunition Market
One major growth driver in the 155mm ammunition sector is the introduction of innovative propellant designs, notably low-signature reduced-smoke propellants. These specially formulated propellant charges minimize visible smoke and lower thermal and acoustic signatures during firing, thereby reducing the risk of detection without compromising ballistic consistency. For example, in August 2024, German defense firm Rheinmetall AG launched modular 155mm propelling charge systems. These modular and tailorable reduced-smoke charge modules cater to extended-range artillery like the M109 and SIAC howitzers. The system features separate charge bags that can be combined to provide flexible and scalable range performance with consistent, temperature-insensitive ballistics. This innovation supports rapid stock replenishment, enhances safety and handling compared to traditional single-piece charges, and is designed for applications including artillery modernization and extended-range operations.

Segmentation Overview of the 155mm Ammunition Market
This report segments the 155mm ammunition market into three primary categories: technology, application, and end user.
• By Technology: Guided and Unguided ammunition types
• By Application: Projectiles, Propellants, and other related applications
• By End User: Naval Forces and Ground Forces

Further detailed subsegments include:
- Guided Technology: GPS-Guided Shells, Laser-Guided Munitions, Inertial Navigation Guided Shells
- Unguided Technology: High-Explosive (HE) Shells, Smoke Shells, Illumination Shells, Training Rounds

This structured segmentation helps clarify the diverse product offerings and their specific uses across various military branches.

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This release was published on openPR.