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#155mm Ammunition Market Size And Revenue Outlook Through 2030#_x000D_
The 155mm ammunition market size has shown substantial growth over recent years. It is anticipated to expand from $4.68 billion in 2025 to $4.97 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.1%. This historical growth can be ascribed to several factors, including the increasing application of 155mm ammunition in long-range artillery missions, an elevated demand for bursting and cargo-carrying projectiles in conventional warfare, the expansion of military stockpiles to accommodate large-caliber artillery systems, the initial standardization of 155mm calibers among allied nations, and the growing deployment of artillery munitions across diverse terrains and operational scenarios._x000D_
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The 155mm ammunition market is anticipated to experience substantial growth in the upcoming years. It is projected to expand to $6.2 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 5.7%. This expansion during the forecast period can be attributed to several factors: an increasing demand for smart and guided 155mm projectiles for precision strikes, ongoing modernization of artillery systems across various defense forces, the broadening of procurement 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 are expected to include a growing demand for smart precision-guided 155mm projectiles, accelerated modernization of artillery fleets within defense organizations, an expansion of domestic ammunition manufacturing capabilities, the increasing integration of modular charge systems into artillery operations, and continuous advancements in high-explosive and specialized warhead technologies._x000D_
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#155mm Ammunition Market Growth Catalysts And Demand Drivers#_x000D_
The worldwide increase in terrorist activities is anticipated to drive the expansion of the 155mm ammunition market. Such activities involve actions by individuals, groups, or organizations designed to instill fear, panic, and harm civilians, governments, or societies for political, ideological, religious, or social aims. This surge in terrorist incidents is attributed to geopolitical tensions, extremist ideologies, and the expanding use of asymmetric tactics targeting civilians, infrastructure, and transportation systems. 155mm ammunition proves effective for security forces in combating terrorism and neutralizing terrorist strongholds. For instance, the European Union, a Belgium-based government entity, reported in January 2025 a notable increase in terrorist attacks within the EU, rising from 28 in 2022 to 120 in 2023. Thus, escalating terrorist activities are propelling the growth of the 155 mm ammunition market._x000D_
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#155mm Ammunition Market Segment Trends And Revenue Contributors#_x000D_
The 155mm ammunition market covered in this report is segmented – _x000D_
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1) By Technology: Guided, Unguided_x000D_
2) By Application: Projectiles, Propellants, Other Applications_x000D_
3) By End User: Naval Forces, Ground Forces_x000D_
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Subsegments:_x000D_
1) By Guided: GPS-Guided Shells, Laser-Guided Munitions, Inertial Navigation Guided Shells _x000D_
2) By Unguided: High-Explosive (HE) Shells, Smoke Shells, Illumination Shells, Training Rounds _x000D_
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#155mm Ammunition Market Trends Shaping Long-Term Demand#_x000D_
Major companies in the 155mm ammunition market are introducing advanced propellant designs, such as low-signature reduced-smoke propellants, to maintain their competitive position. These low-signature reduced-smoke propellants are specifically formulated charges engineered to produce minimal visible smoke and reduced thermal/acoustic signatures during firing, thereby lowering the risk of detection while sustaining consistent ballistic performance. For example, in August 2024, Rheinmetall AG, a Germany-based defence technology and munitions manufacturer, launched modular 155mm propelling charge systems, a collection of customizable, reduced-smoke, modular propellant charge modules developed for extended-range 155mm artillery. This innovative product, introduced after 2022, supports quick 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, functions to deliver consistent, temperature-insensitive ballistics and a reduced signature during firing, offers modularity for straightforward logistics and scalable range performance, and is intended for uses including stock replenishment, extended-range fires, and the modernization of artillery units, all while improving safety and handling compared with single-piece charges._x000D_
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#155mm Ammunition Market Competitive Landscape: Which Companies Lead The Industry?#_x000D_
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 _x000D_
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#155mm Ammunition Market Regional Breakdown: Where Is Demand Concentrated?#_x000D_
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._x000D_
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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.
