155mm Ammunition Market Report 2026

155mm Ammunition Market Overview

• 155mm Ammunition market size has reached to $4.68 billion in 2025 • Expected to grow to $6.2 billion in 2030 at a compound annual growth rate (CAGR) of 5.7% • Growth Driver: Surge In Terrorist Activities Drives Growth In The 155Mm Ammunition Market • Market Trend: Advancements In Technology Propel Innovation In The 155Mm Ammunition Market • Asia-Pacific was the largest region in 2025.

What Is Covered Under 155mm Ammunition Market?

155mm ammunition refers to large-sized ammunition that is used in howitzer systems and is packed with explosive material to pierce armor. It is a widely used caliber for artillery systems in many countries for warfare in different terrains to strike targets at greater distances and cause massive damage to the target. The main technology types of 155mm ammunition are guided and unguided. Guided ammunition refers to technologically advanced 155mm artillery shells integrated with precision guidance systems such as GPS-guided shells, laser-guided munitions, and inertial navigation–guided shells, which enable high accuracy, improved target acquisition, and reduced collateral damage during long-range and precision strike operations. The various applications associated with these technologies include projectiles, propellants, and others, and they are utilized by key end users such as ground forces for land-based artillery operations and naval forces for ship-mounted fire support and coastal defense roles.

What Is The 155mm Ammunition Market Growth Forecast?

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.

Global 155mm Ammunition Market Segmentation

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

What Is Driver Of The 155mm Ammunition Market?

The rising terrorist activities around the world are expected to propel the growth of the 155mm ammunition market going forward. Terrorist activity refers to actions carried out by individuals, groups, or organizations to cause fear, panic, and harm to civilians, governments, or societies for political, ideological, religious, or social purposes. The rise in terrorist attacks is due to geopolitical tensions, extremist ideologies, and the growing use of asymmetric tactics that target civilians, infrastructure, and transportation systems. 155mm ammunition can be useful for security forces to combat terrorism and cause the destruction of terrorist sites. For instance, in January 2025, according to the the European Union, a Belgium-based government entity, the number of terrorist attacks in the EU increased significantly from 28 in 2022 to 120 in 2023. Therefore, rising terrorist activities is driving the growth of the 155 mm ammunition market.

Key Players In The Global 155mm Ammunition Market

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

Global 155mm Ammunition Market Trends and Insights

Major companies in the 155mm ammunition market are introducing innovative propellant designs, such as low-signature reduced-smoke propellants, to sustain their position in the market. Low-signature reduced-smoke propellants are specially formulated propellant charges that produce minimal visible smoke and reduced thermal/acoustic signatures during firing to lower detection risk while maintaining consistent ballistic performance. For instance, in August 2024, Rheinmetall AG, a Germany-based defence technology and munitions manufacturer, launched modular 155mm propelling charge systems a family of tailorable reduced smoke, modular propellant charge modules designed for extended range 155mm artillery, an innovative product introduced after 2022 that supports rapid replenishment and flexible charge configurations for systems like the M109 and SIAC howitzers; the solution is composed of separate modular charge bags that can be combined to produce different total charges, functions to deliver consistent, temperature insensitive ballistics and reduced signature during firing, features modularity for easy logistics and scalable range performance, and is intended for applications including stock replenishment, extended range fires, and modernization of artillery units while improving safety and handling compared with single piece charges.

What Are Latest Mergers And Acquisitions In The 155mm Ammunition Market? Modirum Defense Acquires Majority Stake in Gespi to Boost 155mm Ammunition Production

In October 2024, Modirum Defense, a Brazil-based full-spectrum defense company, acquired Gespi for an undisclosed amount. Through this acquisition, Modirum Defense gains Gespi’s manufacturing expertise and facilities to rapidly scale NATO-standard 155mm ammunition production, secure supply chains, integrate advanced AI-driven capabilities, and strengthen its position as a global supplier of high-quality, precision artillery munitions for allied forces Gespi is a Brazil-based manufacturing company that produces NATO-standard 155mm artillery rounds.

Regional Insights

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the 155mm Ammunition Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the 155mm Ammunition Market Report 2026?

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