How big is the Artillery Ammunition Market?

The Artillery Ammunition Market size is expected to reach USD 1.75 billion in 2024 and grow at a CAGR of 4.82% to reach USD 2.21 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 1.75 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 1.67 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

Artillery Ammunition Market Analysis | Industry Report, Size & Forecast

Artillery Ammunition Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Artillery Ammunition Market is Segmented by Caliber (Below 120 Mm and 120 Mm & Above) and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Artillery Ammunition Industry Overview

The artillery ammunition market is semi-consolidated in nature, with various players holding significant shares in the market. Some prominent market players are General Dynamics Corporation, Rheinmetall AG, BAE Systems plc, THALES, and Saab AB.

The key players in the market are focusing on the development of advanced artillery ammunition systems, which will be used by various defense personnel globally. Moreover, growing expenditure on research and development towards manufacturing advanced artillery ammunition systems will lead to creating better opportunities in the near future. Moreover, various manufacturers are now integrating technologies, like extended-range cannon artillery platforms, and this is expected to support the growth of the artillery ammunition market during the forecast period.