PUBLISHER: Aviation & Defense Market Reports (A&D) | PRODUCT CODE: 1486542
PUBLISHER: Aviation & Defense Market Reports (A&D) | PRODUCT CODE: 1486542
Global 155mm Artillery Shell Market 2024-2034
The artillery Shell market is estimated at around USD 3.52 billion in 2024, the market is projected to reach USD 5.28 billion by 2034 at a Compound Annual Growth Rate (CAGR) of 4.15% over the specified period.
Introduction to 155mm Artillery Shell Market
The 155mm artillery shell stands as a testament to the evolution of modern artillery warfare, embodying precision, lethality, and versatility. The global landscape of artillery systems continued to be shaped by advancements in projectile technology, with the 155mm artillery shell remaining a cornerstone of military arsenals worldwide. At the heart of the 155mm artillery shell's effectiveness lies its versatility. Whether conducting long-range bombardment, close fire support, or counterbattery operations, the 155mm artillery shell provides commanders with a flexible and responsive firepower option to engage diverse targets on the battlefield.
Key to the 155mm artillery shell's effectiveness is its payload options, which include high-explosive (HE), illumination, smoke, and precision-guided variants. The HE variant remains the workhorse of artillery operations, delivering devastating effects against enemy personnel, vehicles, and structures with its explosive payload upon impact. Meanwhile, illumination shells serve as critical assets for providing battlefield illumination during low-light conditions, enabling enhanced visibility for surveillance, reconnaissance, and target acquisition missions. Smoke shells offer concealment and obscuration capabilities, providing friendly forces with cover during maneuver operations or tactical retreats. Additionally, precision-guided variants, such as GPS-guided Excalibur rounds, offer enhanced accuracy and lethality, enabling pinpoint strikes against high-value targets with reduced collateral damage.
Technology Impact in 155mm Artillery Shell Market
Advancements in guidance and propulsion systems continued to enhance the precision and effectiveness of 155mm artillery shells. GPS-guidance technology, in particular, has revolutionized artillery warfare, enabling projectiles to achieve unprecedented accuracy and target engagement capabilities. GPS-guided 155mm shells, such as the Excalibur, boast remarkable accuracy, with circular error probable (CEP) measurements in the single-digit meters, allowing for precise engagement of enemy targets while minimizing the risk of collateral damage. Furthermore, advancements in rocket-assisted propulsion systems have extended the range of 155mm artillery shells, enabling artillery units to engage targets at extended distances beyond traditional firing ranges.
The survivability and lethality of the 155mm artillery shell are further enhanced by innovations in fuze technology. Proximity fuzes, for instance, enable shells to detonate in close proximity to enemy targets, maximizing their lethal radius and effectiveness against dispersed or moving threats. Additionally, time-delay fuzes offer commanders greater control over the timing of detonations, allowing for the synchronization of artillery barrages with friendly troop movements or battlefield conditions.
Moreover, the 155mm artillery shell's effectiveness is augmented by advancements in data connectivity and targeting systems. Integrated fire control systems enable artillery units to receive real-time target data and fire missions from forward observers, drones, or command and control centers, enhancing situational awareness and responsiveness on the battlefield. Furthermore, digital networked communication systems facilitate coordinated fire support missions, enabling multiple artillery units to synchronize their fire missions and engage targets simultaneously, thereby maximizing the impact of artillery firepower on the battlefield.
Key Drivers in 155mm Artillery Shell Market
1. Versatility and Effectiveness: The 155mm artillery shell is renowned for its versatility, as it can be used for various missions, including close support, counter-battery fire, and long-range precision strikes. Its effectiveness in engaging a wide range of targets makes it a preferred choice for military operations.
2.Precision and Lethality: Advancements in guidance systems and munitions technology have improved the precision and lethality of 155mm artillery shells. Enhanced accuracy reduces collateral damage and increases mission success rates, driving demand for these munitions.
3. Long-range Capability: The 155mm artillery shell's long-range capability enables military forces to engage targets at extended distances, providing them with a strategic advantage on the battlefield. As conflicts become more asymmetric and dispersed, the need for long-range precision firepower grows, boosting demand for these munitions.
4. Interoperability and Standardization: The 155mm caliber is widely adopted by military forces globally, promoting interoperability and standardization across different platforms and allied nations. Standardization simplifies logistics and maintenance processes, making the 155mm artillery shell an attractive choice for defense procurement programs.
5.Urban Warfare and Asymmetric Threats: The proliferation of urban warfare and asymmetric threats necessitates precision firepower to minimize civilian casualties and collateral damage. The 155mm artillery shell's accuracy and versatility make it well-suited for urban operations, driving its adoption by military forces operating in complex environments.
Regional Trends in 155 mm Artillery Shell Market
Regional trends in the 155mm artillery shell market vary significantly across different parts of the world. In North America, particularly in the United States, the market is influenced by extensive defense budgets and technological advancements, driving both domestic production and exports. Europe sees a growing demand for 155mm artillery shells due to military aid to Ukraine, military modernization efforts and collaborative initiatives within the European Union and NATO, promoting joint procurement programs and interoperability. The Asia-Pacific region experiences significant growth driven by escalating security tensions, territorial disputes, and the need for long-range precision firepower, with countries like China, India, and South Korea investing in expanding their artillery capabilities. In the Middle East and Africa, ongoing conflicts, geopolitical rivalries, and counterterrorism operations fuel demand for advanced artillery systems and munitions, including 155mm shells. Latin America witnesses moderate demand influenced by defense modernization efforts and regional security concerns, with countries like Brazil, Mexico, and Colombia investing in upgrading their artillery capabilities to address asymmetric threats and border security challenges.
Key 155mm Artillery Shell Programs
Here are 5 key 155mm artillery shell programs:
1. BONUS MkII Anti-Armored Vehicle Shell: This shell, with top-attack smart warheads, is designed to neutralize armored vehicles effectively, demonstrating high hit probability and interoperability with various artillery systems.
2. SPACIDO Course Correction System: SPACIDO enhances artillery accuracy by up to a factor of 4 at long ranges, improving target engagement and reducing collateral damage, compatible with various 150mm and 155mm ammunition.
3. India Smart Artillery Shell: IIT-M and Munitions India are collaborating to develop advanced smart ammunition for 155mm artillery guns. Within two years, the Indian Army could receive domestically designed and developed 155mm smart artillery shells, boasting 50 times the accuracy of current models.
4. Australia Artillery Munition: Australia is investing in expanding its 155mm munitions and aerial bomb production capabilities. This investment will enhance the production capacity for 155mm artillery ammunition and 500-pound aerial bombs at Thales-managed facilities in Mulwala, New South Wales, and Benalla, Victoria.
Table of Contents
155MM Artillery Shell Market Report Definition
155MM Artillery Shell Market Segmentation
By Type
By Region
By Guidance
By Range
155MM Artillery Shell Market Analysis for next 10 Years
The 10-year 155mm artillery shell market analysis would give a detailed overview of 155mm artillery shell market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.
Market Technologies of 155MM Artillery Shell 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 155MM Artillery Shell Market Forecast
The 10-year 155mm artillery shell market forecast of this market is covered in detailed across the segments which are mentioned above.
Regional 155MM Artillery Shell Market Trends & Forecast
The regional 155mm artillery shell 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 155MM Artillery Shell 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.
US
Defense Programs
Latest News
Patents
Current levels of technology maturation in this market
Market Forecast & Scenario Analysis
Canada
Italy
France
Germany
Netherlands
Belgium
Spain
Sweden
Greece
Australia
South Africa
India
China
Russia
South Korea
Japan
Malaysia
Singapore
Brazil
Opportunity Matrix for 155MM Artillery Shell Market
The opportunity matrix helps the readers understand the high opportunity segments in this market.
Expert Opinions on 155MM Artillery Shell Market Report
Hear from our experts their opinion of the possible analysis for this market.
Conclusions
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List of Tables
- Table 1: 10 Year Market Outlook, 2022-2032
- 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, 2022-2032
- Table 18: Scenario Analysis, Scenario 1, By Type, 2022-2032
- Table 19: Scenario Analysis, Scenario 1, By Guidance, 2022-2032
- Table 20: Scenario Analysis, Scenario 1, By Range, 2022-2032
- Table 21: Scenario Analysis, Scenario 2, By Region, 2022-2032
- Table 22: Scenario Analysis, Scenario 2, By Type, 2022-2032
- Table 23: Scenario Analysis, Scenario 2, By Guidance, 2022-2032
- Table 24: Scenario Analysis, Scenario 2, By Range, 2022-2032
List of Figures
- Figure 1: Global 155MM Artillery Shell Market Forecast, 2022-2032
- Figure 2: Global 155MM Artillery Shell Market Forecast, By Region, 2022-2032
- Figure 3: Global 155MM Artillery Shell Market Forecast, By Type, 2022-2032
- Figure 4: Global 155MM Artillery Shell Market Forecast, By Guidance, 2022-2032
- Figure 5: Global 155MM Artillery Shell Market Forecast, By Range, 2022-2032
- Figure 6: North America, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 7: Europe, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 8: Middle East, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 9: APAC, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 10: South America, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 11: United States, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 12: United States, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 13: Canada, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 14: Canada, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 15: Italy, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 16: Italy, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 17: France, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 18: France, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 19: Germany, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 20: Germany, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 21: Netherlands, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 22: Netherlands, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 23: Belgium, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 24: Belgium, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 25: Spain, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 26: Spain, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 27: Sweden, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 28: Sweden, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 29: Brazil, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 30: Brazil, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 31: Australia, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 32: Australia, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 33: India, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 34: India, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 35: China, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 36: China, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 37: Saudi Arabia, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 38: Saudi Arabia, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 39: South Korea, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 40: South Korea, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 41: Japan, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 42: Japan, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 43: Malaysia, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 44: Malaysia, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 45: Singapore, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 46: Singapore, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 47: United Kingdom, 155MM Artillery Shell Market, Technology Maturation, 2022-2032
- Figure 48: United Kingdom, 155MM Artillery Shell Market, Market Forecast, 2022-2032
- Figure 49: Opportunity Analysis, 155MM Artillery Shell Market, By Region (Cumulative Market), 2022-2032
- Figure 50: Opportunity Analysis, 155MM Artillery Shell Market, By Region (CAGR), 2022-2032
- Figure 51: Opportunity Analysis, 155MM Artillery Shell Market, By Type (Cumulative Market), 2022-2032
- Figure 52: Opportunity Analysis, 155MM Artillery Shell Market, By Type (CAGR), 2022-2032
- Figure 53: Opportunity Analysis, 155MM Artillery Shell Market, By Guidance (Cumulative Market), 2022-2032
- Figure 54: Opportunity Analysis, 155MM Artillery Shell Market, By Guidance (CAGR), 2022-2032
- Figure 55: Opportunity Analysis, 155MM Artillery Shell Market, By Range (Cumulative Market), 2022-2032
- Figure 56: Opportunity Analysis, 155MM Artillery Shell Market, By Range (CAGR), 2022-2032
- Figure 57: Scenario Analysis, 155MM Artillery Shell Market, Cumulative Market, 2022-2032
- Figure 58: Scenario Analysis, 155MM Artillery Shell Market, Global Market, 2022-2032
- Figure 59: Scenario 1, 155MM Artillery Shell Market, Total Market, 2022-2032
- Figure 60: Scenario 1, 155MM Artillery Shell Market, By Region, 2022-2032
- Figure 61: Scenario 1, 155MM Artillery Shell Market, By Type, 2022-2032
- Figure 62: Scenario 1, 155MM Artillery Shell Market, By Guidance, 2022-2032
- Figure 63: Scenario 1, 155MM Artillery Shell Market, By Range, 2022-2032
- Figure 64: Scenario 2, 155MM Artillery Shell Market, Total Market, 2022-2032
- Figure 65: Scenario 2, 155MM Artillery Shell Market, By Region, 2022-2032
- Figure 66: Scenario 2, 155MM Artillery Shell Market, By Type, 2022-2032
- Figure 67: Scenario 2, 155MM Artillery Shell Market, By Guidance, 2022-2032
- Figure 68: Scenario 2, 155MM Artillery Shell Market, By Range, 2022-2032
- Figure 69: Company Benchmark, 155MM Artillery Shell Market, 2022-2032
