Artillery Ammunition Market Report 2026

Artillery Ammunition Market Overview

• Artillery Ammunition market size has reached to $5.6 billion in 2025 • Expected to grow to $7.31 billion in 2030 at a compound annual growth rate (CAGR) of 5.4% • Growth Driver: Rising Defense Expenditure Fueling The Growth Of The Market Due To Increasing Investment In Modernization And Advanced Weaponry • Market Trend: Advanced Electronic Programmable Artillery Fuze System To Boost Precision And Flexibility • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Artillery Ammunition Market?

Artillery ammunition refers to large-caliber munitions specifically designed to be launched from heavy military weapons such as howitzers, cannons, and field guns, primarily used in land-based warfare. It plays a crucial role in delivering sustained and long-range firepower, enabling armed forces to suppress, neutralize, or destroy enemy targets across wide battlefield areas. The main types of ammunition in artillery ammunition are high explosive ammunition, armor-piercing ammunition, training ammunition, illumination ammunition, and smoke ammunition. High explosive ammunition contains a powerful chemical charge that detonates on impact or after a set time, creating a large explosion and sending fragments in all directions to damage targets over a wide area. It includes various components, such as fuses, primers, propellants, projectiles, and others, used for various applications, such as land forces, naval forces, air forces, and special forces. It serves a range of end users, including military, law enforcement, and others.

What Is The Artillery Ammunition Market Growth Forecast?

The artillery ammunition market size is expected to see strong growth in the next few years. It will grow to $7.31 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing investment in precision-guided and smart artillery munitions, expansion of high-performance incendiary and multi-purpose shells, rising adoption of environmentally compliant and low-collateral-damage ammunition, focus on extended-range and high-velocity artillery rounds, increasing procurement to modernize artillery arsenals and support advanced combat operations. Major trends in the forecast period include increased demand for long-range precision artillery, rising adoption of multi-purpose and modular ammunition, growing need for advanced training ammunition variants, enhanced focus on battlefield lethality and survivability, expansion of specialized munitions for diverse environments.

Global Artillery Ammunition Market Segmentation

1) By Ammunition Type: High Explosive Ammunition, Armor-Piercing Ammunition, Training Ammunition, Illumination Ammunition, Smoke Ammunition 2) By Component: Fuses, Primers, Propellants, Projectiles, Other Components 3) By Application: Land Forces, Naval Forces, Air Forces, Special Forces 4) By End-User: Military, Law Enforcement, Other End-Users Subsegments: 1) By High Explosive Ammunition: High-Explosive (HE) Fragmentation Shells, High-Explosive Anti-Tank (HEAT) Shells, High-Explosive Squash Head (HESH) Shells 2) By Armor-Piercing Ammunition: Armor-Piercing Fin-Stabilized Discarding Sabot (APFSDS), Armor-Piercing Capped (APC), Armor-Piercing High-Explosive (APHE) 3) By Training Ammunition: Inert Practice Rounds, Reduced Range Practice Ammunition, Target Practice With Tracer (TP-T) 4) By Illumination Ammunition: White Light Illumination Rounds, Infrared (IR) Illumination Rounds, Multispectral Illumination Rounds 5) By Smoke Ammunition: White Phosphorus Smoke Rounds, Hexachloroethane (HC) Smoke Rounds, Colored Smoke Rounds

What Is Driver Of The Artillery Ammunition Market?

The rising defense expenditure is expected to propel the growth of the artillery ammunition market going forward. Defense expenditure refers to the government’s spending on military forces, including costs for personnel, equipment, operations, and defense infrastructure to ensure national security. Defense expenditure is rising as countries invest heavily in modernizing their armed forces with advanced technologies such as AI, autonomous weapons, and cyber defense systems to stay ahead in modern warfare. Defense expenditure is useful for artillery ammunition as it provides the necessary funding for research, development, production, and procurement of advanced artillery shells and fuze systems, enhancing the firepower, precision, and overall effectiveness of military forces. For instance, in May 2025, according to the House of Commons of the United Kingdom, a UK-based governing body, defense spending is projected to reach approximately $72.2 billion (£56.9 billion) in 2024/25 and rise further to around $75.9 billion (£59.8 billion) in 2025/26, reflecting an average annual real-terms growth rate of 2.4% between 2023/24 and 2025/26. Therefore, the rising defense expenditure is driving the growth of the artillery ammunition industry.

Key Players In The Global Artillery Ammunition Market

Major companies operating in the artillery ammunition market are RTX Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems Public Limited Company, Thales S.A., Leonardo Società per Azioni, Textron Inc., Singapore Technologies Engineering Ltd, Rheinmetall AG, Elbit Systems Ltd., Hanwha Aerospace Co. Ltd., Saab Aktiebolag, Diehl Defence GmbH & Co. KG, Poongsan Corporation, Nammo AS, Denel SOC Ltd, Arsenal Joint Stock Company, Nexter Systems S.A., MESKO Spólka Akcyjna, Hirtenberger Defence Systems GmbH & Co KG.

Global Artillery Ammunition Market Trends and Insights

Major companies operating in the artillery ammunition market are focusing on developing technologically advanced solutions, such as electronic programmable artillery fuzes, to enhance the precision, flexibility, and effectiveness of firepower. Electronic programmable artillery fuzes refer to advanced fuse systems that can be electronically set before firing to control the timing and mode of detonation, enhancing the accuracy and effectiveness of artillery rounds. For instance, in June 2024, KMW+Nexter Defense Systems, a Netherlands-based defense industry company, unveiled a new programmable artillery fuze system consisting of two electronic programmable fuzes and a lightweight, handheld inductive fuze setter. This system allows artillery crews to quickly and securely program fuzes just before firing, enabling multiple detonation modes such as airburst, point detonation, and delay for maximum operational flexibility and safety. The fuzes are designed for use with various calibers of artillery ammunition and are compliant with NATO standards, enhancing both the effectiveness and adaptability of modern artillery forces.

What Are Latest Mergers And Acquisitions In The Artillery Ammunition Market? Rheinmetall Acquires Expal Systems To Strengthen Programmable Ammunition And Defense Capabilities

In August 2023, Rheinmetall AG, a Germany-based defense and automotive technology company, acquired Expal Systems for $1.38 billion. Through this acquisition, Rheinmetall aims to secure and strengthen its core business in weapons, ammunition, and propellants by expanding production capacity and broadening its product portfolio to meet growing global demand for military equipment. Expal Systems is a Spain-based ammunition and armament manufacturer that specializes in artillery ammunition, mortars, and medium calibers.

Regional Insights

North America was the largest region in the artillery ammunition market in 2025. Asia-Pacific 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 Artillery Ammunition Market?

The artillery ammunition market consists of sales of training shells, cluster ammunition, incendiary shells, gas shells, and incendiary ammunition. 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 Artillery Ammunition Market Report 2026?

The artillery 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 artillery 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.