Global Artillery Ammunition Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Caliber;

Below 120 mm and 120 mm and Above.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn996276780 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Artillery Ammunition Market (USD Million), 2020 - 2030

In the year 2023, the Global Artillery Ammunition Market was valued at USD 2,449.85 million. The size of this market is expected to increase to USD 2,833.48 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 2.1%.

The Artillery Ammunition Market is witnessing steady growth, propelled by factors such as increasing defense expenditures and growing demand from defense personnel globally. However, the market faced notable challenges during the COVID-19 pandemic, including disruptions in labor and supply chain operations, leading to a decline in production for military applications.

Despite these challenges, the artillery ammunition market has demonstrated resilience and is undergoing a strong recovery post-COVID-19. This resurgence is fueled by rising military spending worldwide, driving initiatives for modernizing military arsenals and boosting demand for advanced artillery ammunition with improved capabilities.

Ammunition manufacturers are actively innovating and developing new artillery ammunition equipped with integrated sensors to enhance accuracy and combat effectiveness. These technological advancements are anticipated to appeal to military entities worldwide, contributing to the continued growth of the artillery ammunition market in the foreseeable future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Caliber
    2. Market Snapshot, By Region
  4. Global Artillery Ammunition Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Defense Expenditures
        2. Global Security Threats
        3. Military Modernization Initiatives
      2. Restraints
        1. Regulatory Challenges
        2. Supply Chain Vulnerabilities
        3. Technological Complexity
      3. Opportunities
        1. Global Demand
        2. Strategic Partnerships
        3. Customization and Specialization
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Artillery Ammunition Market, By Caliber, 2020 - 2030 (USD Million)
      1. Below 120 mm
      2. 120 mm and Above
    2. Global Artillery Ammunition Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Introduction
        2. Market Size and Forecast, and Y-o-Y Growth, By Caliber, 2020 - 2030 (USD Million)
        3. Brazil
        4. Mexico
        5. Argentina
        6. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. General Dynamics Corporation
      2. Rheinmetall AG
      3. BAE Systems PLC
      4. NEXTER Group
      5. Saab AB
      6. Nammo AS
      7. MESKO SA
      8. MAXAM
      9. Thales Group
      10. Indian Ordnance Factories
  7. Analyst Views
  8. Future Outlook of the Market