Global Artillery Ammunition Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Artillery Ammunition Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Artillery is a class of heavy military ranged weapons that launch munitions far beyond the range and power of infantry firearms. Artillery can be divided into Cannon, Howitzer, and Mortar according to ballistic characteristics. Artillery Ammunition refers to the shells used by artillery, which contain explosives or others. Most of the Artillery Ammunition is usually a large pointed cylindrical object, the shape meets the requirements of aerodynamics.

Market Overview:

The latest research study on the global Artillery Ammunition market finds that the global Artillery Ammunition market reached a value of USD 4358.56 million in 2022. It’s expected that the market will achieve USD 10526.49 million by 2028, exhibiting a CAGR of 15.83% during the forecast period.

Artillery Ammunition Market Drivers

As global geopolitical conflicts intensify and the international political environment changes, national defense budgets generally increase. Artillery Ammunition belongs to one of the sub-industries of the military industry. As an important part of the national defense security strategy, the military industry plays an important role in enhancing national defense strength and promoting national defense and military modernization. For example, in March 2023, President Joe Biden's biggest peacetime U.S. defense budget request of $886 billion includes a 5.2% pay raise for troops and the largest allocation on record for research and development, with Russia's war on Ukraine spurring demand for more spending on munitions. The total proposed budget for 2024 represents a $28 billion increase from last year's $858 billion. In addition, in January 2023, according to public information from the New York Times, the Defense Department will fund new facilities to make artillery ammunition and is spending roughly $1 billion a year over the next 15 years to modernize government-owned ordnance production facilities in an effort to increase automation, improve worker safety and ultimately make munitions more quickly. Just since August, Congress has allocated $1.9 billion to the Army for the effort. In addition, in the Asia-Pacific region, some countries have been strengthening Defense spending. These countries are procuring artillery and mortar systems to protect their borders. At the same time, in the global market, some countries are paying more and more attention to actual military exercises, and using artillery weapons more and more often. In general, countries continue to increase defense expenditures, while related military initiatives support the updating of military weapons and ammunition, which is expected to generate demand for Artillery Ammunition. Increased defense expenditure and actual military exercises promote the development of the Artillery Ammunition market, which will be an important driving force for the development of the industry.

Region Overview:

In 2022, the share of the Artillery Ammunition market in Europe stood at 46.00%.

Company Overview:

Rostec is a Russian state-owned group whose purpose is to promote the development, manufacture and export of high-tech industrial products for civilian and military use. Rostec is engaged in the design and manufacture of various military and civilian products: high-precision artillery ammunition and various shells, multiple rocket launchers, unguided air and small-caliber ammunition, aerial bomb weapons, automatic and sniper warfare weapons, guided shells, etc. May 22, 2023, the trial use of the drone-base version of the Krasnopol guided artillery munition has been completed successfully, Rostec’s High Precision Systems told TASS during the MILEX-2023 arms and equipment expo.

General Dynamics Corporation is an American defense conglomerate. Due to continuous expansion and mergers and acquisitions of other companies in recent years, the composition and appearance of the company today are quite different from those during the Cold War. General Dynamics Corporation consists of three business groups: Marine, Combat Systems, and Information Technology. General Dynamics Corporation is a global aerospace and defense company. General Dynamics Corporation is committed to providing the U.S. military and its allies with an extensive range of overarching products that provide a cutting-edge advantage to fighters. April 27, 2023, General Dynamics Ordnance and Tactical Systems receives $217m task order to increase 155mm artillery shell body capacity.

Rostec is one of the major players operating in the Artillery Ammunition market, holding a share of 33.32%in 2023.

Segmentation Overview:

As for product types, the 155 mm segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Fighting, with a market share of 79.25%in 2022.

Key Companies in the global Artillery Ammunition market covered in Chapter 3:

Rheinmetall AG
MSM GROUP
Thales Group
NEXTER Group
MESKO SA
American Ordnance LLC
Singapore Technologies Engineering Ltd
General Dynamics Corporation
Nammo AS
MAXAM
Saab AB
Elbit System Ltd
Indian Ordnance Factories
BAE Systems PLC
Rostec

In Chapter 4 and Chapter 14.2, on the basis of types, the Artillery Ammunition market from 2018 to 2029 is primarily split into:

40 mm
57 mm
60 mm
76 mm
81/82 mm
105 mm
120 mm
122 mm
125 mm
130 mm
152 mm
155 mm
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Artillery Ammunition market from 2018 to 2029 covers:

Fighting
National Defense

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)