155mm Ammunition Global Market Report 2026

155mm ammunition, characterized by its larger size, is designed for deployment in howitzer systems and contains explosive material tailored for armor penetration. Widely adopted across various countries, this caliber is a staple in artillery systems, utilized for warfare across diverse terrains to effectively engage targets over extended distances, resulting in substantial damage.

The primary technologies associated with 155mm ammunition encompass guided and unguided variants. Guided ammunition denotes projectiles or munitions equipped with advanced guidance systems, significantly enhancing their accuracy and precision in reaching predetermined targets. These guided variants find application in projectiles, propellants, tanks, and various other contexts, catering to end users such as naval forces and ground forces.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are significantly influencing the 155mm ammunition market by raising import costs for raw materials, specialized metals, propellants, and electronic guidance components essential for manufacturing. These measures are most disruptive for segments such as guided projectiles, modular charge systems, and programmable fuzes, with regions like Asia-Pacific and Europe key manufacturing hubs experiencing heightened cost pressures. While tariffs slow procurement cycles and elevate end-user prices, they also accelerate domestic production initiatives and defense localization efforts, creating new opportunities for regional manufacturers.

The 155mm ammunition market research report is one of a series of new reports from The Business Research Company that provides 155mm ammunition market statistics, including 155mm ammunition industry global market size, regional shares, competitors with a 155mm ammunition market share, detailed 155mm ammunition market segments, market trends and opportunities, and any further data you may need to thrive in the 155mm ammunition industry. This 155mm ammunition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The 155mm ammunition market size has grown strongly in recent years. It will grow from $4.68 billion in 2025 to $4.97 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing adoption of 155mm ammunition for long-range artillery missions, rising demand for bursting and cargo-carrying projectiles in conventional warfare, expansion of military inventories to support large-caliber artillery systems, early development of standardized 155mm calibers across allied nations, growing utilization of artillery munitions for varied terrains and operational conditions.

The 155mm ammunition market size is expected to see strong growth in the next few years. It will grow to $6.2 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising demand for smart and guided 155mm projectiles for precision strikes, increasing modernization of artillery systems across defense forces, expansion of procurement programs to replenish high-consumption ammunition stocks, technological advancements improving range and lethality of 155mm rounds, growing emphasis on interoperable munitions for joint and coalition operations. Major trends in the forecast period include rising demand for smart precision-guided 155mm projectiles, increasing modernization of artillery fleets across defense forces, expansion of domestic ammunition manufacturing capabilities, growing use of modular charge systems in artillery operations, advancements in high-explosive and specialized warhead technologies.

The rising incidence of terrorist activities worldwide is expected to drive the growth of the 155mm ammunition market. Terrorist activity refers to violent acts carried out by individuals, groups, or organizations to instill fear, cause harm, and disrupt societies for political, ideological, religious, or social motives. The surge in terrorist attacks is primarily linked to geopolitical instability, the spread of extremist ideologies, and the increasing use of asymmetric tactics targeting civilians, critical infrastructure, and transportation networks. Security forces rely on 155mm ammunition to neutralize threats and destroy terrorist strongholds effectively. For instance, in January 2025, according to the European Union, the number of terrorist attacks in the EU rose sharply from 28 in 2022 to 120 in 2023. Therefore, the escalation in terrorist activities is fueling the growth of the 155mm ammunition market.

Major companies in the 155mm ammunition market are focusing on developing advanced propellant technologies, such as low-signature, reduced-smoke propellants, to strengthen their market position. These specialized propellants generate minimal visible smoke and lower thermal and acoustic signatures, reducing detection risks while ensuring stable ballistic performance. For example, in August 2024, Rheinmetall AG, a Germany-based defense technology and munitions manufacturer, introduced its modular 155mm propelling charge systems-a family of tailored, reduced-smoke modular propellant charge modules designed for extended-range 155mm artillery. Developed after 2022, the system supports rapid replenishment and flexible charge configurations for platforms such as the M109 and SIAC howitzers. It consists of separate modular charge bags that can be combined to achieve varying charge levels, delivering consistent, temperature-insensitive ballistics with reduced firing signatures. The solution enhances logistics efficiency, improves safety and handling, and supports stock replenishment, extended-range missions, and artillery modernization.

In October 2024, Modirum Defense, a Brazil-based full-spectrum defense company, acquired Gespi for an undisclosed amount. This acquisition allows Modirum Defense to leverage Gespi's manufacturing capabilities to rapidly expand NATO-standard 155mm ammunition production, secure supply chains, and integrate advanced AI-enabled technologies. It also strengthens Modirum's position as a global supplier of precision artillery munitions for allied forces. Gespi is a Brazil-based manufacturer specializing in NATO-standard 155mm artillery rounds.

Major companies operating in the 155mm ammunition market are Raytheon Technologies Inc., General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems PLC, China North Industries Corporation, Thales Group, Leonardo S.p.A., Olin Corporation, Rheinmetall AG, Elbit Systems Ltd., Saab AB, Nammo AS, Denel SOC Ltd., Nexter Group, Ammo Inc., RUAG Holding AG, Munitions India Ltd., Manufacturing Company, MSM Group s.r.o., Winchester Ammunition Inc., Magtech Ammunition Company Inc., Poongsan Corporation, JSC Arsenal AD

Asia-Pacific was the largest region in the 155mm ammunition market in 2025. It is expected to be the fastest-growing region in the forecast period. The regions covered in the 155mm ammunition market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the 155mm ammunition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The 155 mm ammunition market consists of sales of bursting 155 mm projectiles, cargo-carrying 155mm projectiles, cargo-carrying 155mm projectiles, and smart/guided 155mm projectiles. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

155mm Ammunition Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses 155mm ammunition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for 155mm ammunition ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The 155mm ammunition market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Technology: Guided; Unguided
• 2) By Application: Projectiles; Propellants; Other Applications
• 3) By End User: Naval Forces; Ground Forces
• Subsegments:
• 1) By Guided: GPS-Guided Shells; Laser-Guided Munitions; Inertial Navigation Guided Shells
• 2) By Unguided: High-Explosive (HE) Shells; Smoke Shells; Illumination Shells; Training Rounds
• Companies Mentioned: Raytheon Technologies Inc.; General Dynamics Corporation; Northrop Grumman Corporation; BAE Systems PLC; China North Industries Corporation; Thales Group; Leonardo S.p.A.; Olin Corporation; Rheinmetall AG; Elbit Systems Ltd.; Saab AB; Nammo AS; Denel SOC Ltd.; Nexter Group; Ammo Inc.; RUAG Holding AG; Munitions India Ltd.; Manufacturing Company; MSM Group s.r.o.; Winchester Ammunition Inc.; Magtech Ammunition Company Inc.; Poongsan Corporation; JSC Arsenal AD
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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