Global Tank Ammunition Market (120mm and 125mm) 2024-2034

Description

List of Tables

The global Tank Ammunition market is estimated at USD 3.70 billion in 2024, projected to grow to USD 4.50 billion by 2034 at a Compound Annual Growth Rate (CAGR) of 1.98% over the forecast period 2024-2034.

Introduction to Tank Ammunition Market (120mm and 125mm)

The tank ammunition market, particularly focusing on 120mm and 125mm calibers, is a critical segment of the global defense industry. These calibers are standard for many main battle tanks (MBTs) across the world, including models like the M1 Abrams, Leopard 2 (120mm), and the T-90 (125mm). The market encompasses a variety of ammunition types, including armor-piercing, high-explosive, and advanced kinetic energy projectiles, designed to meet the demands of modern armored warfare.

Technology Impact in Tank Ammunition Market (120mm and 125mm)

Technological advancements are significantly shaping the tank ammunition market, enhancing both the lethality and survivability of main battle tanks (MBTs). Key impacts include the development of new propellant materials that increase muzzle velocity, thereby enhancing the range and penetration capabilities of tank rounds. The integration of smart technology, such as programmable fuzes and guided projectiles, has improved the accuracy and effectiveness of smart ammunition against various targets. Advanced armor-piercing rounds now use depleted uranium and tungsten alloys in armor-piercing fin-stabilized discarding sabot (APFSDS) rounds for better penetration of advanced armor. Improved designs and materials for high-explosive anti-tank (HEAT) rounds are being developed to counter reactive and composite armors. Additionally, the creation of multi-purpose ammunition capable of engaging both armored and soft targets reduces logistics complexity and increases operational flexibility.

Key Drivers in Tank Ammunition Market (120mm and 125mm)

Key drivers in the tank ammunition market for 120mm and 125mm rounds include ongoing modernization and upgrade programs for main battle tanks (MBTs) across various countries, driving demand for advanced ammunition. Rising geopolitical tensions and regional conflicts necessitate the enhancement of military capabilities, including advanced tank ammunition. Continuous research and development in ammunition technology to improve performance and adaptability in different combat scenarios further boost market growth. Increased defense budgets globally, especially in emerging markets, lead to higher procurement of modern tank ammunition. Additionally, strategic alliances and collaborations between defense companies and governments for the joint development and production of tank ammunition propel market expansion.

Regional Trends in Tank Ammunition Market (120mm and 125mm)

The global market for 120mm and 125mm tank ammunition exhibits significant regional variations. North America remains a dominant player due to the substantial defense budgets of the U.S. and ongoing upgrades to its M1 Abrams tanks with advanced 120mm ammunition. Similarly, European nations like Germany, France, and the UK are investing heavily in modernizing their Leopard 2 and Challenger 2 tanks, driving demand for compatible ammunition. In the Asia-Pacific region, rapid military modernization in China, India, and South Korea fuels the market, with a focus on both indigenous production and procurement of advanced tank ammunition. The Middle East presents another significant market segment, with high defense spending in countries like Saudi Arabia and the UAE driven by regional security concerns, leading to a strong demand for modern tank ammunition. Finally, Latin America and Africa are experiencing a growing interest in modernizing their older MBT fleets, accompanied by an increase in procurement of advanced ammunition types.

Key Tank Ammunition (120mm and 125mm) Programs

1.Germany : In a move that highlights both Germany's military modernization efforts and its support for Ukraine, the German armed forces (Bundeswehr) have significantly expanded an existing agreement with Rheinmetall for the supply of 120mm tank ammunition. This €4 billion contract reinforces Rheinmetall's position as a key supplier of tank ammunition for the German military. It also reflects Germany's commitment to bolster its own defense capabilities and replenish ammunition stocks in response to the evolving security landscape. Notably, a substantial portion of this agreement is earmarked for supplying tank ammunition to the Ukrainian armed forces.

2. Elbit System: Elbit Systems Ltd. announced that it has secured a contract valued at approximately $115 million to supply tank ammunition to a NATO country. The contract spans three years and includes options for further extensions.

3.NATO: NATO allies and partners within the Land Battle Decisive Munitions framework have advanced their efforts to boost ammunition stocks by issuing contracts for hundreds of thousands of key munitions.

Valued at approximately EUR2.4 billion ($2.5 billion) - with EUR1 billion ($1.1 billion) in firm orders - these contracts will supply a diverse array of critical munitions, including 155mm artillery, anti-tank guided missiles, and main battle tank ammunition. Initial deliveries are scheduled for the end of 2023.

Product Code: AND197

Tank Ammunition Market Report Definition

Tank Ammunition Market Segmentation

By Guidance

By Type

By Region

Tank Ammunition Market Analysis for next 10 Years

The 10-year tank ammunition market analysis would give a detailed overview of tank ammunition market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

Market Technologies of Tank Ammunition Market

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

Global Tank Ammunition Market Forecast

The 10-year Tank Ammunition market forecast of this market is covered in detailed across the segments which are mentioned above.

Regional Tank Ammunition Market Trends & Forecast

The regional Tank Ammunition market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking. The current market size is estimated based on the normal scenario.

North America

Drivers, Restraints and Challenges

PEST

Market Forecast & Scenario Analysis

Key Companies

Supplier Tier Landscape

Company Benchmarking

Europe

Middle East

APAC

South America

Country Analysis of Tank Ammunition Market

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

Defense Programs

List of Tables

Table 1: 10 Year Market Outlook, 2024-2034

Table 2: Drivers, Impact Analysis, North America

Table 3: Restraints, Impact Analysis, North America

Table 4: Challenges, Impact Analysis, North America

Table 5: Drivers, Impact Analysis, Europe

Table 6: Restraints, Impact Analysis, Europe

Table 7: Challenges, Impact Analysis, Europe

Table 8: Drivers, Impact Analysis, Middle East

Table 9: Restraints, Impact Analysis, Middle East

Table 10: Challenges, Impact Analysis, Middle East

Table 11: Drivers, Impact Analysis, APAC

Table 12: Restraints, Impact Analysis, APAC

Table 13: Challenges, Impact Analysis, APAC

Table 14: Drivers, Impact Analysis, South America

Table 15: Restraints, Impact Analysis, South America

Table 16: Challenges, Impact Analysis, South America

Table 17: Scenario Analysis, Scenario 1, By Region, 2024-2034

Table 18: Scenario Analysis, Scenario 1, By Type, 2024-2034

Table 19: Scenario Analysis, Scenario 1, By Guidance, 2024-2034

Table 20: Scenario Analysis, Scenario 2, By Region, 2024-2034

Table 21: Scenario Analysis, Scenario 2, By Type, 2024-2034

Table 22: Scenario Analysis, Scenario 2, By Guidance, 2024-2034

List of Figures

Figure 1: Global Tank Ammunition (120mm & 125mm) Market Forecast, 2024-2034

Figure 2: Global Tank Ammunition (120mm & 125mm) Market Forecast, By Region, 2024-2034

Figure 3: Global Tank Ammunition (120mm & 125mm) Market Forecast, By Type, 2024-2034

Figure 4: Global Tank Ammunition (120mm & 125mm) Market Forecast, By Guidance, 2024-2034

Figure 5: North America, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 6: Europe, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 7: Middle East, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 8: APAC, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 9: South America, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 10: United States, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 11: United States, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 12: Canada, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 13: Canada, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 14: Italy, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 15: Italy, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 16: France, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 17: France, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 18: Germany, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 19: Germany, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 20: Netherlands, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 21: Netherlands, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 22: Belgium, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 23: Belgium, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 24: Spain, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 25: Spain, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 26: Sweden, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 27: Sweden, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 28: Brazil, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 29: Brazil, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 30: Australia, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 31: Australia, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 32: India, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 33: India, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 34: China, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 35: China, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 36: Saudi Arabia, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 37: Saudi Arabia, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 38: South Korea, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 39: South Korea, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 40: Japan, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 41: Japan, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 42: Malaysia, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 43: Malaysia, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 44: Singapore, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 45: Singapore, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 46: United Kingdom, Tank Ammunition (120mm & 125mm) Market, Technology Maturation, 2024-2034

Figure 47: United Kingdom, Tank Ammunition (120mm & 125mm) Market, Market Forecast, 2024-2034

Figure 48: Opportunity Analysis, Tank Ammunition (120mm & 125mm) Market, By Region (Cumulative Market), 2024-2034

Figure 49: Opportunity Analysis, Tank Ammunition (120mm & 125mm) Market, By Region (CAGR), 2024-2034

Figure 50: Opportunity Analysis, Tank Ammunition (120mm & 125mm) Market, By Type (Cumulative Market), 2024-2034

Figure 51: Opportunity Analysis, Tank Ammunition (120mm & 125mm) Market, By Type (CAGR), 2024-2034

Figure 52: Opportunity Analysis, Tank Ammunition (120mm & 125mm) Market, By Guidance (Cumulative Market), 2024-2034

Figure 53: Opportunity Analysis, Tank Ammunition (120mm & 125mm) Market, By Guidance (CAGR), 2024-2034

Figure 54: Scenario Analysis, Tank Ammunition (120mm & 125mm) Market, Cumulative Market, 2024-2034

Figure 55: Scenario Analysis, Tank Ammunition (120mm & 125mm) Market, Global Market, 2024-2034

Figure 56: Scenario 1, Tank Ammunition (120mm & 125mm) Market, Total Market, 2024-2034

Figure 57: Scenario 1, Tank Ammunition (120mm & 125mm) Market, By Region, 2024-2034

Figure 58: Scenario 1, Tank Ammunition (120mm & 125mm) Market, By Type, 2024-2034

Figure 59: Scenario 1, Tank Ammunition (120mm & 125mm) Market, By Guidance, 2024-2034

Figure 60: Scenario 2, Tank Ammunition (120mm & 125mm) Market, Total Market, 2024-2034

Figure 61: Scenario 2, Tank Ammunition (120mm & 125mm) Market, By Region, 2024-2034

Figure 62: Scenario 2, Tank Ammunition (120mm & 125mm) Market, By Type, 2024-2034

Figure 63: Scenario 2, Tank Ammunition (120mm & 125mm) Market, By Guidance, 2024-2034

Figure 64: Company Benchmark, Tank Ammunition (120mm & 125mm) Market, 2024-2034

Global Tank Ammunition Market (120mm and 125mm) 2024-2034

Description

Table of Contents

List of Tables

Table of Contents

List of Tables

List of Figures