How big is the Artillery Ammunition Market?

The Artillery Ammunition Market size is expected to reach USD 4.43 billion in 2024 and grow at a CAGR of 4.95% to reach USD 5.64 billion by 2029. Read More

What is the current Artillery Ammunition Market size?

In 2024, the Artillery Ammunition Market size is expected to reach USD 4.43 billion. Read More

Who are the key players in Artillery Ammunition Market?

Rheinmetall AG, Saab AB, THALES, General Dynamics Corporation and BAE Systems plc are the major companies operating in the Artillery Ammunition Market. Read More

Which is the fastest growing region in Artillery Ammunition Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Artillery Ammunition Market?

In 2024, the North America accounts for the largest market share in Artillery Ammunition Market. Read More

What years does this Artillery Ammunition Market cover, and what was the market size in 2023?

In 2023, the Artillery Ammunition Market size was estimated at USD 4.21 billion. The report covers the Artillery Ammunition Market historical market size for years: . The report also forecasts the Artillery Ammunition Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What future trends are expected to influence the Artillery Ammunition Market?

Future trends that are expected to influence the Artillery Ammunition Market are a) Use of AI and machine learning in targeting systems b) Development of hypersonic projectiles c) Focus on sustainability and reduced environmental impact in munitions manufacturing Read More

What are the challenges faced by the Artillery Ammunition Market?

Major challenges faced by the Artillery Ammunition Industry are a) Regulatory restrictions b) High cost of advanced ammunition c) Need for continuous R&D to keep pace with evolving military requirements Read More

What future trends are expected to influence the Artillery Ammunition Market?

Future trends that are expected to influence the Artillery Ammunition Market are a) Use of AI and machine learning in targeting systems b) Development of hypersonic projectiles c) Focus on sustainability and reduced environmental impact in munitions manufacturing Read More

Artillery Ammunition Market Share

Statistics for the 2023 & 2024 Artillery Ammunition market share, created by Mordor Intelligence™ Industry Reports. Artillery Ammunition share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Artillery Ammunition Industry

The artillery ammunition market exhibits a semi-consolidated structure, with several players commanding notable market shares. Key players include General Dynamics Corporation, Rheinmetall AG, BAE Systems plc, THALES, and Saab AB.

Market leaders prioritize developing cutting-edge artillery ammunition systems for global defense personnel. Increased investments in R&D for these advanced systems signal promising opportunities ahead. Furthermore, manufacturers are adopting technologies such as extended-range cannon artillery platforms, bolstering the market's growth prospects during the forecast period.

In August 2023, Rheinmetall AG unveiled a next-gen 120mm KE ammunition tailored to counter modern protection technologies. In September 2023, General Dynamics Ordnance and Tactical Systems clinched a USD 218 million contract from the US Army to boost production of the 155 mm M1128 artillery shells. This contract is a segment of a larger multiyear agreement, totaling USD 974 million, underscoring the focus on enhancing artillery capabilities.