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Global 155mm Ammunition Market Report 2024

155mm Ammunition Global Market Report 2024 – By Technology (Guided, Unguided), By Application (Projectiles, Propellants, Tanks, Other Applications), By End User (Naval Forces, Ground Forces) – Market Size, Trends, And Global Forecast 2024-2033

155mm Ammunition Global Market Report 2024

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155mm Ammunition Global Market Report 2024

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Description Table Of Contents Tables & Figures Market Insights Related Reports

155Mm Ammunition Market Definition And Segments

155mm ammunition refers to large-sized ammunition that is used in howitzer systems and is packed with explosive material to pierce armor. It is a widely used caliber for artillery systems in many countries for warfare in different terrains to strike targets at greater distances and cause massive damage to the target.

The main types of technologies included in 155mm ammunition are guided and unguided. Guided ammunition refers to projectiles or munitions that are equipped with guidance systems to enhance their accuracy and precision in reaching their intended targets. These are used for various applications, including projectiles, propellants, tanks, and others, and are used by several end users, such as naval forces and ground forces.

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

The 155mm ammunition market size has grown steadily in recent years. It will grow from $3.54 billion in 2023 to $3.66 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to military conflicts and wars, modernization and upgrades of artillery systems, geopolitical tensions and security concerns, adoption of precision-guided munitions, evolution of artillery platforms and firing systems, influence of arms race dynamics.

The 155mm ammunition market size is expected to see steady growth in the next few years. It will grow to $4.25 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to integration of smart and guided ammunition technologies, growth in demand for long-range artillery capabilities, adoption of advanced materials in ammunition manufacturing, rise in counter-battery and anti-access capabilities, adoption of modular and customizable ammunition solutions, surge in demand for autonomous and automated artillery systems. Major trends in the forecast period include technological advancements in projectile design, advancements in propellant and explosives technology, technological innovations in fuzing and detonation systems, development of next-generation propellants, 3d printing for custom ammunition components.

Surge In Terrorist Activities Drives Growth In The 155Mm Ammunition Market

Rising terrorist activities around the world is expected to propel the growth of the 155mm ammunition market going forward. Terrorist activity refers to actions carried out by individuals, groups, or organizations to cause fear, panic, and harm to civilians, governments, or societies for political, ideological, religious, or social purposes. Increasing terrorist activities increase the need for better, lethal weapons and stronger forces, where 155mm ammunition can be useful for security forces to combat terrorism and cause the destruction of terrorist sites. For instance, in March 2022, according to ReliefWeb, a US-based humanitarian information portal of the United Nations, the total number of terrorist attacks in 2021 increased by 17% to reach 5,226 as compared to 2020 globally. The country with the biggest increase in terrorist attacks was Myanmar, where the number of fatalities increased by a factor of 23 from 24 to 521. Niger followed, with a rise in fatalities of 257 from 2020 to 588 in 2021. Therefore, rising terrorist activities is driving the growth of the 155 mm ammunition market.

Rise In Defense Budgets Propels Growth Of The 155Mm Ammunition Market

Increasing defense budgets around the world are expected to propel the growth of the 155mm ammunition market going forward. Military spending refers to the amount of money that a country spends on building and sustaining its armed forces or on other defense-related activities. The defense budget allocates funds for 155mm ammunition due to its versatility, compatibility with various artillery systems, and effectiveness in providing long-range firepower support. For instance, according to the April 2022 report of the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international institute of arms control, arms transfers, and non-proliferation, in 2021, total global military spending will increase by 0.7% from $1,981 billion in 2020 to $2,113 billion in 2021. Further, China increased its military spending by 4.7% in 2021 to an anticipated $293 billion. Therefore, increasing defense budgets is driving the growth of the 155 mm 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.

Advancements In Technology Propel Innovation In The 155Mm Ammunition Market

The development of new propellants is a key trend gaining popularity in the 155mm ammunition market. Major companies in the 155mm ammunition market are introducing innovative propellant designs to sustain their position in the market. For instance, in September 2022, Rheinmetall, a Germany-based arms manufacturer, launched its latest L58 extended-range artillery propellant charge technology. The new technology increases the firing range by 10% as compared to previous artillery propellants previously used by armies and is capable of increasing the entirety of the operational temperature profile, including in ambient scenarios. It was developed by conducting R&D on the L39 and L52 versions of the 155mm extended range charge.

Strategic Research And Development Investments Drive Advancements In The 155Mm Ammunition Market

Major companies operating in the 155mm ammunition market are focusing on research and development investments to meet evolving operational requirements and technological advancements. Research and development investments refer to financial allocations dedicated to fostering innovation, creating new products, and improving existing processes. For instance, in October 2023, according to an article published by DefenseNews, a US-based website and magazine, Australia is investing AU$220 million ($139 million) to boost munitions production at two factories in the country’s southeast. The investment will boost production capacity for 155mm artillery ammunition and 500-pound aerial bombs at Thales-managed factories in Mulwala, New South Wales, and Benalla, Victoria.

Rheinmetall AG Strengthens Arsenal With Expal Systems Acquisition

In November 2022, Rheinmetall AG, a Germany-based arms manufacturer, acquired Expal Systems for $1.31 billion (€1.2 billion). The acquisition bolstered the core weapon, ammunition, and propellant operations of Rheinmetall and enriched its production and distribution capabilities to serve a larger customer base. Expal Systems SA is a Spain-based manufacturer of 105 mm and 155 mm field artillery ammunition.

Asia-Pacific was the largest region in the 155mm ammunition market in 2023. 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

The countries covered in the 155mm ammunition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The 155 mm ammunition market consists of sales of bursting 155 mm projectiles, cargo-carrying 155mm projectiles, cargo-carrying 155mm projectiles, and smart/guided 155mm projectiles. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The 155mm ammunition market research report is one of a series of new reports from The Business Research Company that provides 155mm ammunition market statistics, including 155mm ammunition industry global market size, regional shares, competitors with a 155mm ammunition market share, detailed 155mm ammunition market segments, market trends and opportunities, and any further data you may need to thrive in the 155mm ammunition industry. This 155mm ammunition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

155mm Ammunition Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $3.66 billion
Revenue Forecast In 2033 $4.25 billion
Growth Rate CAGR of 3.8% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Technology: Guided, Unguided
2) By Application: Projectiles, Propellants, Tanks, Other Applications
3) By End User: Naval Forces, Ground Forces
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled 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.
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Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. 155mm Ammunition Market Characteristics

    3. 155mm Ammunition Market Trends And Strategies

    4. 155mm Ammunition Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global 155mm Ammunition Market Size and Growth

    5.1. Global 155mm Ammunition Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global 155mm Ammunition Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global 155mm Ammunition Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. 155mm Ammunition Market Segmentation

    6.1. Global 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Guided

    Unguided

    6.2. Global 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Projectiles

    Propellants

    Tanks

    Other Applications

    6.3. Global 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Naval Forces

    Ground Forces

    7. 155mm Ammunition Market Regional And Country Analysis

    7.1. Global 155mm Ammunition Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global 155mm Ammunition Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific 155mm Ammunition Market

    8.1. Asia-Pacific 155mm Ammunition Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China 155mm Ammunition Market

    9.1. China 155mm Ammunition Market Overview

    9.2. China 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India 155mm Ammunition Market

    10.1. India 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan 155mm Ammunition Market

    11.1. Japan 155mm Ammunition Market Overview

    11.2. Japan 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia 155mm Ammunition Market

    12.1. Australia 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia 155mm Ammunition Market

    13.1. Indonesia 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea 155mm Ammunition Market

    14.1. South Korea 155mm Ammunition Market Overview

    14.2. South Korea 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe 155mm Ammunition Market

    15.1. Western Europe 155mm Ammunition Market Overview

    15.2. Western Europe 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK 155mm Ammunition Market

    16.1. UK 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany 155mm Ammunition Market

    17.1. Germany 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France 155mm Ammunition Market

    18.5. France 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy 155mm Ammunition Market

    19.9. Italy 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain 155mm Ammunition Market

    20.13. Spain 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe 155mm Ammunition Market

    21.1. Eastern Europe 155mm Ammunition Market Overview

    21.2. Eastern Europe 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia 155mm Ammunition Market

    22.1. Russia 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America 155mm Ammunition Market

    23.1. North America 155mm Ammunition Market Overview

    23.2. North America 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA 155mm Ammunition Market

    24.1. USA 155mm Ammunition Market Overview

    24.2. USA 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada 155mm Ammunition Market

    25.1. Canada 155mm Ammunition Market Overview

    25.2. Canada 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America 155mm Ammunition Market

    26.1. South America 155mm Ammunition Market Overview

    26.2. South America 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil 155mm Ammunition Market

    27.1. Brazil 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East 155mm Ammunition Market

    28.1. Middle East 155mm Ammunition Market Overview

    28.2. Middle East 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa 155mm Ammunition Market

    29.1. Africa 155mm Ammunition Market Overview

    29.2. Africa 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. 155mm Ammunition Market Competitive Landscape And Company Profiles

    30.1. 155mm Ammunition Market Competitive Landscape

    30.2. 155mm Ammunition Market Company Profiles

    30.2.1. Raytheon Technologies Inc.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. General Dynamics Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Northrop Grumman Corporation

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. BAE Systems PLC

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. China North Industries Corporation

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. 155mm Ammunition Market Other Major And Innovative Companies

    31.1. Thales Group

    31.2. Leonardo S.p.A.

    31.3. Olin Corporation

    31.4. Rheinmetall AG

    31.5. Elbit Systems Ltd.

    31.6. Saab AB

    31.7. Norma Precision AB

    31.8. Remington Arms Company LLC

    31.9. Nammo AS

    31.10. Denel SOC Ltd.

    31.11. Nexter Group

    31.12. Fiocchi Munizioni SPA

    31.13. Ammo Inc.

    31.14. RUAG Holding AG

    31.15. Munitions India Ltd.

    32. Global 155mm Ammunition Market Competitive Benchmarking

    33. Global 155mm Ammunition Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The 155mm Ammunition Market

    35. 155mm Ammunition Market Future Outlook and Potential Analysis

    35.1 155mm Ammunition Market In 2028 - Countries Offering Most New Opportunities

    35.2 155mm Ammunition Market In 2028 - Segments Offering Most New Opportunities

    35.3 155mm Ammunition Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global 155mm Ammunition Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global 155mm Ammunition Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Raytheon Technologies Inc. Financial Performance
  • Table 75: General Dynamics Corporation Financial Performance
  • Table 76: Northrop Grumman Corporation Financial Performance
  • Table 77: BAE Systems PLC Financial Performance
  • Table 78: China North Industries Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global 155mm Ammunition Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global 155mm Ammunition Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, 155mm Ammunition Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, 155mm Ammunition Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, 155mm Ammunition Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Raytheon Technologies Inc. Financial Performance
  • Figure 75: General Dynamics Corporation Financial Performance
  • Figure 76: Northrop Grumman Corporation Financial Performance
  • Figure 77: BAE Systems PLC Financial Performance
  • Figure 78: China North Industries Corporation Financial Performance
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Frequently Asked Questions

What is the definition of the 155mm ammunition market?

155mm ammunition refers to large-sized ammunition that is used in howitzer systems and is packed with explosive material to pierce armor. It is a widely used caliber for artillery systems in many countries for warfare in different terrains to strike targets at greater distances and cause massive damage to the target. For further insights on the 155mm ammunition market, request a sample here

How will the 155mm ammunition market drivers and restraints affect the 155mm ammunition market dynamics? What forces will shape the 155mm ammunition industry going forward?

The 155mm ammunition market major growth driver - Surge In Terrorist Activities Drives Growth In The 155Mm Ammunition Market. For further insights on the 155mm ammunition market, request a sample here

What is the forecast market size or the forecast market value of the 155mm ammunition market?

The 155mm ammunition market size has grown steadily in recent years. It will grow from $3.54 billion in 2023 to $3.66 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to military conflicts and wars, modernization and upgrades of artillery systems, geopolitical tensions and security concerns, adoption of precision-guided munitions, evolution of artillery platforms and firing systems, influence of arms race dynamics . The 155mm ammunition market size is expected to see steady growth in the next few years. It will grow to $4.25 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to integration of smart and guided ammunition technologies, growth in demand for long-range artillery capabilities, adoption of advanced materials in ammunition manufacturing, rise in counter-battery and anti-access capabilities, adoption of modular and customizable ammunition solutions, surge in demand for autonomous and automated artillery systems. Major trends in the forecast period include technological advancements in projectile design, advancements in propellant and explosives technology, technological innovations in fuzing and detonation systems, development of next-generation propellants, 3d printing for custom ammunition components. For further insights on the 155mm ammunition market, request a sample here

How is the 155mm ammunition market segmented?

The 155mm ammunition market is segmented
1) By Technology: Guided, Unguided
2) By Application: Projectiles, Propellants, Tanks, Other Applications
3) By End User: Naval Forces, Ground ForcesFor further insights on the 155mm ammunition market, request a sample here

Which region has the largest share of the 155mm ammunition market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the 155mm ammunition market in 2023. 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 For further insights on the 155mm ammunition market, request a sample here.

Who are the major players 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. For further insights on the 155mm ammunition market, request a sample here.

What are the key trends in the 155mm ammunition market?

Major trend in the 155mm ammunition market - Advancements In Technology Propel Innovation In The 155Mm Ammunition Market. For further insights on the 155mm ammunition market, request a sample here.

What are the major opportunities in the 155mm ammunition market? What are the strategies for the 155mm ammunition market?

For detailed insights on the major opportunities and strategies in the 155mm ammunition market, request a sample here.

How does the 155mm ammunition market relate to the overall economy and other similar markets?

For detailed insights on 155mm ammunition market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the 155mm ammunition industry?

For detailed insights on the mergers and acquisitions in the 155mm ammunition industry, request a sample here.

What are the key dynamics influencing the 155mm ammunition market growth? SWOT analysis of the 155mm ammunition market.

For detailed insights on the key dynamics influencing the 155mm ammunition market growth and SWOT analysis of the 155mm ammunition industry, request a sample here.