155mm Ammunition Market Report: Trends, Forecast and Competitive Analysis to 2031

The future of the global 155mm ammunition market looks promising with opportunities in the naval force and ground force markets. The global 155mm ammunition market is expected to grow with a CAGR of 3.6% from 2025 to 2031. The major drivers for this market are expanding cross-border problems between surrounding countries, growing terrorist activity, and growing dangers to world security, as well as, greater funding for experiments and research to create longer-range.

• Lucintel forecasts that, within the technology category, guided is expected to witness higher growth over the forecast period.
• Within the end-use category, naval forces are expected to witness higher growth.
• In terms of regions, APAC will remain the largest region over the forecast period due to the growing demand for precision, programmable, next-generation 155mm ammunition and ammo kits owing to growing military budgets.

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Emerging Trends in the 155mm Ammunition Market

New developments in the 155mm ammunition market are leading to improvements in technology and strategic capability.

• Smart Munitions: Creation of smart and precision-guided 155 mm shells that increase accuracy and defeat the effectiveness of enemies.
• Long Range Artillery: Developments in ammunition technology utilize the longest range of 155 mm artillery to provide a wider operational scope.
• New Energy Propellants: Application of new generation propellant materials for intensive use of existing 155 mm ammunition.
• Modular Structures in Ammunition: Inclusion of modular structures that enhance the use of munitions by enabling customization as required.
• Linkage with Modern Digital Tools: Installation of electronic targeting and guidance systems with 155 mm ammunition increases accuracy and reliability.
• Increased Interest in Other Forces: Design of ammunition systems that are compatible to the greatest extent with interoperability and joint operations with other countries' combat forces.

Specific attention has been devoted to strategic developments in the 155mm ammunition market, such as precision-guided munitions, long-range munitions, new energy propellants, modular systems, digital systems, and other capabilities for joint operations with allied arms systems.

Recent Developments in the 155mm Ammunition Market

Recent changes in the 155mm ammunition market are entirely oriented towards technological progress and specific characteristics of strategy-security issues.

• New Munitions: Introduction of newer generation 155 mm munitions with better range, accuracy, and lethality.
• Modernization Programs: Present-day military modernization programs ensure upgrades, expansion, and improvement of artillery systems and ammunition.
• Smart Ammunition Technologies: Smart and precision-guided technologies within 155mm artillery rounds.
• International Collaborations: More international defense collaborations and partnerships to improve the performance of the 155mm ammunition.
• Research and Development: Focused funding in R&D is necessary to produce a new family of 155mm ammunition and its artillery systems.
• Defense Export Growth: Growth of 155 stakes in the defense industry, aerospace ammunition fine to allied and partner countries.

Within the short period, the author has interacted with the 155mm ammunition market, the intelligent munitions market, modernization structures, smart technologies, international collaborations, R&D investments, and expansion of defense exports have shown a rapidly maturing market that is revolutionizing how artillery can be operated.

Strategic Growth Opportunities for 155mm Ammunition Market

In the 155mm ammunition market, further growth prospects arise from advancements in technology and defense requirements.

• Technology Integration: Opportunities to incorporate advanced technologies such as precision guidance and digital systems into the 155mm ammunition.
• Emerging Markets: Growth in emerging markets with increasing defense spending and need for modernization.
• Collaboration with Defense Contractors: Strategic alliances with foreign defense contractors aim to improve product development and marketability.
• Enhanced R&D: More funding for R&D for the upcoming generation of 155 mm ammunition and artillery systems.
• Participation in International Defense Programs: Objective to utilize worldwide opportunities during joint operations.
• Modernization Strategies: Participation in strategies to enhance current artillery systems and ammunition.

Strategic growth opportunities analyzed for the Global 155mm Ammunition Market include technology, a move toward emerging economies, joint ventures with defense manufacturers, improved R&D, internationalization of defense programs, and enhancement strategies that fulfill market prospects for the advancement of artillery systems.

155mm Ammunition Market Driver and Challenges

The 155mm ammunition market is complex, and several drivers and challenges impact the growth and development of the market.

The factors responsible for driving the 155mm ammunition market include:

• Defense Modernization: Growing defense budgets and increases in modernization drive the market for advanced 155mm ammunition.
• Technologies: Improved ammunition technology from innovations provides enhanced performance.
• Geopolitical Tensions: The escalation of regional conflicts and security issues has raised the demand for high-tech artillery systems.
• International Partnerships: Market expansion possibilities through partnerships with other countries or global defense partners.
• Military Requirements: Due to careful targeting, extended range, and missile precision, the military increasingly requires complex strike munitions.

Challenges in the 155mm ammunition market are:

• High Development Costs: The development and production process of advanced 155mm ammunition involves a financial burden.
• Regulatory Hurdles: Regulatory issues and complex export control systems.
• Market Competition: Price competition and market share competition among manufacturers.
• Technological Integration: Issues regarding technological integration with existing systems.

The worldwide 155mm ammunition industry is motivated by defense modernization, new technologies, geostrategic conflicts, intercontinental cooperation, and military needs but faces challenges such as high development costs, regulatory barriers, competition, technology incorporation, and supply chain issues. These factors must be effectively addressed to achieve further strides in market development and growth.

List of 155mm Ammunition Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies 155mm ammunition companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 155mm ammunition companies profiled in this report include-

• Raytheon Technologies
• General Dynamics Corporation
• Northrop Grumman Corporation
• BAE Systems
• China North Industries Corporation
• Olin Corporation
• Thales Group
• Rheinmetall
• Elbit Systems
• Remington Arms Company

155mm Ammunition by Segment

The study includes a forecast for the global 155mm ammunition market by technology, application, end use, and region.

155mm Ammunition Market by Technology [Analysis by Value from 2019 to 2031]:

• Guided
• Unguided

155mm Ammunition Market by Application [Analysis by Value from 2019 to 2031]:

• Projectiles
• Propellants
• Tanks
• Others

155mm Ammunition Market by End Use [Analysis by Value from 2019 to 2031]:

• Naval Forces
• Ground Forces

155mm Ammunition Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the 155mm Ammunition Market

Companies are broadening the scope of their activities and consolidating their positions through strategic alliances with other players. New developments by key players in the 155mm ammunition market are occurring in the following regions: USA, China, India, and Japan.

• USA: The RC-155mm ammunition target markets in the USA benefit from military upgrading trends and an increase in defense spending. In recent years, the U.S. Army has focused on modernizing its artillery systems by producing better versions of 155mm ammunition that can shoot further and with more accuracy. This improvement in gun performance is driven by the Extended Range Cannon Artillery (ERCA) program, which seeks to enhance both the range and accuracy of the 155 mm rounds. Additionally, there has been a growing R&D commitment towards adapting smart and guided munitions to existing artillery systems. The U.S. is also deepening defense relationships by sourcing advanced ammunition from friendly countries.
• China: Chinese 155mm ammunition, confined to the broader context of military development, is being made available to the rest of the market. Recent developments include improvements in locally controlled guns and ammunition that enhance range, precision, and kill potential. China has also ventured into smart ammunition technology, which is being integrated into PLA artillery to sharpen the country's strategic edge. Furthermore, China is entering the military market for ammunition supplies, such as 155mm, to leverage its assertiveness in the global military equipment market.
• India: In India, the 155mm ammunition market is evolving as the country seeks to enhance its military strength. Recent developments include domestic production of 155mm ammunition in line with the Make in India Policy. The Indian Army is focusing on procuring enhanced 155mm ammunition capable of providing new ranges and precision in targeting. There is also an increasing trend of joint efforts with foreign arms manufacturers to acquire new technologies and improve munitions' performance. Moreover, India aims to manufacture advanced munitions and artillery systems to secure its strategic interests.
• Japan: Strategic defense measures and the regional security environment define the 155mm ammunition market in Japan. Recent investments have been made to upgrade artillery systems and adopt advanced 155mm ammunition technologies. Japan seeks to enhance the performance of its artillery rounds by developing longer and more accurate munitions. The Japan Ground Self-Defense Force (JGSDF) is incorporating these attributes into its military capabilities as part of its defense modernization process. Additionally, Japanese defense companies are pursuing collaborations with foreign entities to develop better gun systems.

Features of the Global 155mm Ammunition Market

Market Size Estimates: 155mm ammunition market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: 155mm ammunition market size by technology, application, end use, and region in terms of value ($B).

Regional Analysis: 155mm ammunition market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technology, application, end use, and regions for the 155mm ammunition market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 155mm ammunition market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the 155mm ammunition market by technology (guided and unguided), application (projectiles, propellants, tanks, and others), end use (naval forces and ground forces), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?