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The 155mm ammunition market hit $3.54 billion in 2023, increasing to $3.66 billion in 2024, with a 3.4% CAGR. Growth factors include precision munitions and modular solutions, projected at $4.25 billion in 2028, driven by guided technologies.

The 155mm ammunition market is poised for growth due to rising terrorist activities worldwide. Terrorist attacks have increased, necessitating stronger security measures and weaponry. With governments investing in defense capabilities, the demand for 155mm ammunition is expected to rise, driving market growth.

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What Are The Key Trends That Influence 155mm Ammunition Market Share Analysis?

Innovations in propellant technology are transforming the 155mm ammunition market. Major players are developing advanced propellants to enhance performance. For example, in September 2022, Rheinmetall launched the L58 extended-range artillery propellant charge, increasing firing range by 10% compared to previous versions. This technology, developed through R&D on earlier models, improves operational flexibility across different environmental conditions.

Which Market Players Are Driving Growth In The 155mm Ammunition Market?

Major companies operating in the 155mm ammunition  market report are 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, Norma Precision AB, Remington Arms Company LLC, Nammo AS, Denel SOC Ltd., Nexter Group, Fiocchi Munizioni SPA, Ammo Inc., RUAG Holding AG, Munitions India Ltd., Savage Arms, Hornady Manufacturing Company, MSM Group s.r.o., Federal Premium Ammunition, Winchester Ammunition Inc., Magtech Ammunition Company Inc., Poongsan Corporation, JSC Arsenal AD.

How Is The Global 155mm Ammunition Market Segmented?

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

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The 155mm Ammunition Global Market Report 2024 provides an overview of the 155mm ammunition market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 155mm ammunition market forecast analyzes 155mm ammunition market size, 155mm ammunition market share, leading competitor and their market positions.

The Table Of Content For The 155mm Ammunition Market Include

1. 155mm Ammunition Market Executive Summary
2. 155mm Ammunition Market Segments
3. 155mm Ammunition Market Size And Template Market Growth Rate
4.  Key 155mm Ammunition Market Trends
5. Major 155mm Ammunition Market Drivers
……
25. Key Mergers And Acquisitions In The 155mm Ammunition Market
26. Top 155mm Ammunition Companies
27. 155mm Ammunition Market Opportunities And Strategies
28. 155mm Ammunition Market, Conclusions And Recommendations
29. Appendix

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