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155mm Ammunition Market Size 2026: Valuation, Growth Rate And Forecast To 2030
The 155mm ammunition market has experienced robust expansion in recent years. It is anticipated to grow from $4.68 billion in 2025 to $4.97 billion in 2026, achieving a compound annual growth rate (CAGR) of 6.1%. This historical development can be attributed to the rising adoption of 155mm ammunition for extended-range artillery missions, an increasing need for bursting and cargo-carrying projectiles in conventional conflicts, the expansion of military inventories to accommodate large-caliber artillery systems, the early establishment of standardized 155mm calibers across allied countries, and the growing application of artillery munitions for various terrains and operational scenarios.
The 155mm ammunition market is projected to experience substantial growth in the upcoming years. It is anticipated to expand to $6.2 billion in 2030, registering a compound annual growth rate (CAGR) of 5.7%. This expansion during the forecast period is fueled by factors such as an increasing demand for intelligent and guided 155mm projectiles for precise strikes, the ongoing modernization of artillery systems across defense forces, the expansion of acquisition programs aimed at replenishing high-consumption ammunition stocks, technological advancements that improve the range and lethality of 155mm rounds, and a rising emphasis on interoperable munitions for joint and coalition operations. Significant trends during this period include a growing demand for smart, precision-guided 155mm projectiles, continued modernization of artillery fleets among defense forces, the enlargement of domestic ammunition manufacturing capabilities, an increasing application of modular charge systems in artillery operations, and innovations in high-explosive and specialized warhead technologies.
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What Is Driving The Growth Of The 155mm Ammunition Market?
Global terrorist activities are anticipated to propel the growth of the 155mm ammunition market going forward. Terrorist activity encompasses actions undertaken by individuals, groups, or organizations to induce fear, panic, and harm to civilians, governments, or societies for political, ideological, religious, or social motivations. The escalation in terrorist attacks is attributed to geopolitical tensions, extremist ideologies, and the increasing adoption of asymmetric tactics that target civilians, infrastructure, and transportation networks. 155mm ammunition proves useful for security forces in combating terrorism and facilitating the destruction of terrorist sites. For instance, the European Union, a Belgium-based government entity, reported in January 2025 that the number of terrorist attacks in the EU rose substantially from 28 in 2022 to 120 in 2023. Therefore, the increase in terrorist activities is driving the expansion of the 155mm ammunition market.
How Is The 155mm Ammunition Market Segmented?
The 155mm ammunition market covered in this report is segmented –
1) By Technology: Guided, Unguided
2) By Application: Projectiles, Propellants, 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
What Are The Latest Trends In The 155mm Ammunition Market?
Major companies in the 155mm ammunition market are implementing innovative propellant designs, such as low-signature reduced-smoke propellants, to maintain their market presence. These low-signature reduced-smoke propellants are specifically formulated propellant charges engineered to produce minimal visible smoke and reduce thermal and acoustic signatures during firing, thereby lowering detection risk while ensuring consistent ballistic performance. For instance, in August 2024, Rheinmetall AG, a Germany-based defense technology and munitions manufacturer, launched its modular 155mm propelling charge systems. This innovative product, introduced after 2022, is a family of tailorable, reduced-smoke, modular propellant charge modules designed for extended-range 155mm artillery, supporting rapid replenishment and flexible charge configurations for systems like the M109 and SIAC howitzers. The solution is composed of separate modular charge bags that can be combined to create different total charges, functioning to deliver consistent, temperature-insensitive ballistics and a reduced signature during firing. It features modularity for easy logistics and scalable range performance, and is intended for applications including stock replenishment, extended-range fires, and the modernization of artillery units, while also improving safety and handling compared with single-piece charges.
Who Are The Key Players In The 155mm Ammunition Market?
Major companies operating in the 155mm ammunition market 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, Nammo AS, Denel SOC Ltd., Nexter Group, Ammo Inc., RUAG Holding AG, Munitions India Ltd., Manufacturing Company, MSM Group s.r.o., Winchester Ammunition Inc., Magtech Ammunition Company Inc., Poongsan Corporation, JSC Arsenal AD
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Which Region Is The Largest In The 155mm Ammunition Market?
Asia-Pacific was the largest region in the 155mm ammunition market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
