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155mm Ammunition Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The 155mm ammunition market has seen significant expansion over recent years. It is anticipated to increase from $4.68 billion in 2025 to $4.97 billion by 2026, exhibiting a compound annual growth rate (CAGR) of 6.1%. This historical growth can be ascribed to the heightened adoption of 155mm ammunition for long-range artillery missions, an escalating demand for bursting and cargo-carrying projectiles in conventional warfare, the expansion of military inventories to support large-caliber artillery systems, the initial establishment of standardized 155mm calibers among allied nations, and the growing deployment of artillery munitions for diverse terrains and operational conditions.
The 155mm ammunition market size is anticipated to experience robust growth in the coming years. It is projected to expand to $6.2 billion by 2030, at a compound annual growth rate (CAGR) of 5.7%. This growth during the forecast period is attributable to the increasing demand for smart and guided 155mm projectiles for precision strikes, the ongoing modernization of artillery systems across defense forces, the expansion of procurement programs designed to replenish high-consumption ammunition stocks, technological advancements enhancing the range and lethality of 155mm rounds, and a growing focus on interoperable munitions for joint and coalition operations. Major trends expected in the forecast period include a rising demand for smart precision-guided 155mm projectiles, the continuous modernization of artillery fleets across defense forces, an expansion of domestic ammunition manufacturing capabilities, the growing utilization of modular charge systems in artillery operations, and advancements in high-explosive and specialized warhead technologies.
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155mm Ammunition Market Growth Drivers: What Factors Are Accelerating Expansion?
The global increase in terrorist actions is anticipated to fuel the expansion of the 155mm ammunition market. Terrorist activity encompasses acts perpetrated by individuals, groups, or organizations aiming to instill fear, panic, and inflict harm upon civilians, governments, or societies for political, ideological, religious, or social objectives. This surge in terrorist incidents stems from mounting geopolitical tensions, extremist doctrines, and the escalating deployment of asymmetric strategies that target civilian populations, infrastructure, and transportation networks. The 155mm ammunition proves valuable for security forces in counter-terrorism operations and the destruction of terrorist locations. For illustration, according to the European Union, a Belgium-based government entity, in January 2025, the number of terrorist attacks within the EU significantly climbed from 28 in 2022 to 120 in 2023. Consequently, the uptick in terrorist activities is propelling the growth of the 155 mm ammunition market.
155mm Ammunition Market Segmentation: How Is The Market Structured Across Key Categories?
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
155mm Ammunition Market Trends: What Is Shaping Future Industry Growth?
Leading companies within the 155mm ammunition market are introducing advanced propellant designs, such as low-signature reduced-smoke propellants, to uphold their market presence. These low-signature reduced-smoke propellants are specifically engineered charge formulations that generate minimal visible smoke and reduced thermal/acoustic signatures when fired, thereby decreasing the risk of detection while ensuring consistent ballistic performance. For example, in August 2024, Rheinmetall AG, a Germany-based defense technology and munitions manufacturer, unveiled its modular 155mm propelling charge systems. This innovative product, launched after 2022, is a series of customizable, reduced-smoke, modular propellant charge modules developed for extended range 155mm artillery. It facilitates rapid resupply and adaptable charge configurations for systems like the M109 and SIAC howitzers. The solution consists of individual modular charge bags that can be combined to achieve various total charges, offering stable, temperature-insensitive ballistics and a reduced signature during operation. Its modularity allows for simpler logistics and adaptable range capabilities, making it suitable for applications including stock replenishment, extended range engagements, and the modernization of artillery units, all while enhancing safety and ease of handling compared to single-piece charges.
155mm Ammunition Market Competitive Landscape And Leading Companies
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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155mm Ammunition Market Regional Analysis: Which Region Leads By Revenue?
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.
