155mm Ammunition Market Analysis and Forecast to 2032: By Technology (Guided, Unguided), Application (Projectiles, Propellants, Tanks, Others), and Region

155mm ammunition is a type of artillery shell that is fired from a howitzer cannon. It is typically used to provide support for troops on the ground, by shelling enemy positions or providing cover fire. The shells are usually made of high-explosive and are designed to cause maximum damage to targets. They are also equipped with a fuze, which is a device that detonates the shell at the desired time.

The 155mm Ammunition market size was USD 3.4 billion in 2022 and is anticipated to reach USD 4.7 billion in 2032, growing at a rate of 3.1% from 2023 to 2032.

Key Trends

Some key trends in 155mm ammunition technology include the development of new propellants, the use of precision-guided munitions, and the increasing use of sensors and other technologies to improve the accuracy of artillery fire.

One of the most significant trends in 155mm ammunition technology is the development of new propellants. Propellants are the chemicals that provide the energy to propel the projectile from the gun barrel.

Precision-guided munitions (PGMs) are another key trend in 155mm ammunition technology. PGMs are designed to hit a specific target with greater accuracy than unguided munitions.

The use of sensors and other technologies to improve the accuracy of artillery fire is another trend that is becoming more common. Artillery systems are now often equipped with laser rangefinders, thermal imagers, and other sensors that can be used to improve the targeting of artillery rounds.

Key Drivers

The 155mm ammunition market is driven by the increasing demand for artillery systems globally.

The growing need for long-range artillery systems is another key driver of the market.

The increasing demand for technologically advanced artillery systems is also driving the market.

Restraints & Challenges

The key restraints and challenges in the 155mm Ammunition market include the stringent regulations regarding the use of ammunition, the high cost of ammunition, and the limited availability of ammunition.

These factors have resulted in a slowdown in the growth of the 155mm Ammunition market.

Market Segments

The 155mm ammunition market is segmented by technology, application, and region. By technology, the market is classified into guided, and unguided. Based on application, it is bifurcated into projectiles, propellants, tanks, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The global 155mm ammunition market includes players such as Ruag Ammotec, BAE Systems, Denel, General Dynamics Corporation, Global Ordnance, Hornady Manufacturing, Magtech, Rheinmetall AG, Nexter Group, Northcorp Grumann Corporation, and others.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. 155mm Ammunition Market Outlook
3.1. 155mm Ammunition Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global 155mm Ammunition Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global 155mm Ammunition Market
4.3. Economic Impact Analysis

Chapter 5. 155mm Ammunition Market by Application
5.1. Market Overview
5.2. Projectiles
5.2.1. Market Size and Forecast, 2022-2032 ($Million)
5.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
5.3. Propellants
5.3.1. Market Size and Forecast, 2022-2032 ($Million)
5.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
5.4. Tanks
5.4.1. Market Size and Forecast, 2022-2032 ($Million)
5.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
5.5. Others
5.5.1. Market Size and Forecast, 2022-2032 ($Million)
5.5.2. Market Size and Forecast, by Region, 2022-2032 ($Million)

Chapter 6. 155mm Ammunition Market by Technology
6.1. Market Overview
6.2. Guided
6.2.1. Market Size and Forecast, 2022-2032 ($Million)
6.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
6.3. Unguided
6.3.1. Market Size and Forecast, 2022-2032 ($Million)
6.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)

Chapter 7. 155mm Ammunition Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.2.3. North America 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)
7.2.4. North America 155mm Ammunition Market Size and Forecast by Country, 2022-2032, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.2.5.2. The U.S. 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.2.6. Canada
7.2.6.1. Canada 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.2.6.2. Canada 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.2.7. Mexico
7.2.7.1. Mexico 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.2.7.2. Mexico 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.3.3. Europe 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)
7.3.4. Europe 155mm Ammunition Market Size and Forecast by Country, 2022-2032, ($Million)
7.3.5. Germany
7.3.5.1. Germany 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.3.5.2. Germany 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.3.6. France
7.3.6.1. France 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.3.6.2. France 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.3.7. U.K.
7.3.7.1. U.K. 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.3.7.2. U.K. 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.3.8. Spain
7.3.8.1. Spain 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.3.8.2. Spain 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)
7.3.9. Italy
7.3.9.1. Italy 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.3.9.2. Italy 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.3.10.2. Rest of Europe 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific 155mm Ammunition Market Size and Forecast by Country, 2022-2032, ($Million)
7.4.3. Asia-Pacific 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.4.4. Asia-Pacific 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)
7.4.5. China
7.4.5.1. China 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.4.5.2. China 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.4.6. India
7.4.6.1. India 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.4.6.2. India 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.4.7. Japan
7.4.7.1. Japan 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.4.7.2. Japan 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.4.8.2. South Korea 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.4.9. Rest of APAC
7.4.9.1. Rest of APAC 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.4.9.2. Rest of APAC 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.5.3. Rest of the World 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)
7.5.4. Rest of the World 155mm Ammunition Market Size and Forecast by Country, 2022-2032, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.5.5.2. Latin America 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.5.6.2. Middle East 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

7.5.7. Africa
7.5.7.1. Africa 155mm Ammunition Market Size and Forecast by Application, 2022-2032, ($Million)
7.5.7.2. Africa 155mm Ammunition Market Size and Forecast by Technology, 2022-2032, ($Million)

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. Ruag Ammotec
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. BAE Systems
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Denel
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. General Dynamics Corporation
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Global Ordnance
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Hornady Manufacturing
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Magtech
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Rheinmetall AG
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Nexter Group
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Northcorp Grumann Corporation
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis

*The list of companies is subject to change during the final compilation of the report

 

Market Segmentation

By Technology

  • Guided
  • Unguided

By Application

  • Projectiles
  • Propellants
  • Tanks
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

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