1. What is the projected Compound Annual Growth Rate (CAGR) of the 155mm Ammunition Market?
The projected CAGR is approximately 5.7%.
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155mm Ammunition Market by Technology (Guided, Unguided), by Component (Projectiles, Primers, Propellants, Fuze), by North America (U.S., Canada), by Europe (U.K., Germany, France, Russia, Italy, Rest of Europe), by Asia Pacific (South Korea, India, Taiwan, China, Rest of Asia Pacific), by Middle East (Turkey, Israel, Iran, Saudi Arabia, Jordan, Rest of the Middle East), by Africa (Egypt, Morocco, Algeria, South Africa, Rest of Africa), by Latin America (Brazil, Argentina, Mexico, Rest of Latin America) Forecast 2025-2033
The 155mm Ammunition Marketsize was valued at USD 3.37 USD Billion in 2023 and is projected to reach USD 4.97 USD Billion by 2032, exhibiting a CAGR of 5.7 % during the forecast period. 155mm ammunition means a particular size or measurement of a projectile or shell that are used in artilleries for military use. This kind of ammunition is used in big calibre howitzers and has the attribute of long range as well as high power. Depending on the needs in the battlefield, there are HE rounds, Smoke rounds, Illumination rounds, ERFB rounds for longer shots, and finally the Guided rounds such as the Excalibur. Some ammunitions includes various fuzes, projectile designs, and propellants that can be used in specific tactical situations of the 155mm ammunition. Some of the roles include showering the enemies with barrage, supporting the attack in fighting environment, and carrying out protection function. Thus, the multifunctionality of 155mm ammunition makes it indispensable for modern artillery complexes of the armed forces of states.
155mm Ammunition Trends
Technology:
Component:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 5.7% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.7%.
Key companies in the market include BAE Systems Plc. (U.K.), Elbit Systems Ltd. (Israel), General Dynamics Corporation (U.S.), MSM Group s.r.o. (Slovakia), Nammo A.S. (Norway), KNDS N.V. (KMW+NEXTER Defense System N.V.) (Netherlands), Northrop Grumman Corporation (U.S.), Rheinmetall AG (Germany), RUAG Group (Switzerland), ST Engineering Ltd. (Singapore), Israel Aerospace Industries Ltd. (Israel), Thales Group (France), Raytheon Technologies Inc. (U.S.), China North Industries Corporation (China), Munitions India Ltd. (India), Leonardo S.p.A. (Italy), JSC Rosoboronexport (Russia), Poongsan Corporation (South Korea).
The market segments include Technology, Component.
The market size is estimated to be USD 3.37 USD Billion as of 2022.
Rising Demand for Satellite Communication Equipment Due to Growing Space Exploration Programs Will Aid Market Growth.
Development of Small Satellite Constellations to Enhance Communication System.
Differences in Legal and Political Regulations from Different Government Agencies to Impede the Market Growth.
N/A
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons .
Yes, the market keyword associated with the report is "155mm Ammunition Market," which aids in identifying and referencing the specific market segment covered.
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