Product Code: ETC13248120 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Artillery Ammunition Market was valued at USD 6.5 Billion in 2024 and is expected to reach USD 8.9 Billion by 2031, growing at a compound annual growth rate of 8.63% during the forecast period (2025-2031).
The Global Artillery Ammunition Market is projected to witness significant growth in the coming years, driven by increasing defense budgets, growing military modernization programs, and rising geopolitical tensions worldwide. The market encompasses various types of artillery ammunition, including shells, rockets, and missiles, designed for use in artillery systems such as howitzers and mortars. Key trends shaping the market include a shift towards precision-guided munitions, advancements in technology leading to enhanced range and accuracy, and the development of smart and sensor-fused projectiles. Major players in the market are investing in research and development activities to introduce innovative ammunition solutions, while governments are focusing on enhancing their artillery capabilities to address evolving security challenges. North America and Europe are expected to remain key regions driving market growth, followed by Asia Pacific and the Middle East.
The Global Artillery Ammunition Market is experiencing growth due to increasing defense budgets of various countries, particularly in regions like the Middle East and Asia-Pacific. Technological advancements in artillery systems, such as smart and precision-guided munitions, are driving the demand for modern artillery ammunition. The market is also witnessing a shift towards the development of lightweight and compact ammunition to improve mobility and operational flexibility for military forces. Additionally, there is a growing focus on the development of environmentally friendly and sustainable ammunition options. Opportunities in the market include collaborations between defense contractors and ammunition manufacturers to innovate and develop new products, as well as expanding market presence in emerging economies with growing defense capabilities.
The Global Artillery Ammunition Market faces several challenges, including the high cost of advanced ammunition systems, which can limit procurement by smaller defense budgets. Additionally, stringent regulations on the export and import of artillery ammunition can hinder market growth and increase the complexity of international trade. Technological advancements in countermeasures and defense systems also pose a challenge, as they necessitate continuous innovation in artillery ammunition to maintain effectiveness on the battlefield. Moreover, the environmental impact of ammunition disposal and the push for more sustainable practices in defense operations present a growing concern for market players. Overall, navigating these challenges requires market players to invest in research and development, maintain compliance with regulations, and adapt to evolving threats and requirements in the defense sector.
The Global Artillery Ammunition Market is primarily driven by increasing military spending by various countries to strengthen their defense capabilities. The growing number of conflicts and geopolitical tensions around the world have further fueled the demand for artillery ammunition. Technological advancements in artillery systems, leading to the development of more accurate and efficient ammunition, are also driving market growth. Additionally, the shift towards precision-guided munitions and the modernization of existing artillery systems are key factors influencing the market. Furthermore, the rise in asymmetric warfare and the need for advanced ammunition for counter-terrorism operations are expected to drive the market in the coming years.
Government policies related to the Global Artillery Ammunition Market primarily focus on regulations surrounding the production, sale, and export of such military equipment. These policies aim to ensure the safe and responsible use of artillery ammunition, prevent unauthorized proliferation, and maintain national security interests. Governments often impose strict licensing requirements for manufacturers and exporters, as well as guidelines for the storage and transportation of ammunition. Additionally, some countries have restrictions on the types of artillery ammunition that can be bought or sold, especially when it comes to high-explosive or advanced weaponry. Compliance with international arms control agreements and arms trade regulations also play a crucial role in shaping government policies in the Global Artillery Ammunition Market.
The Global Artillery Ammunition Market is expected to witness steady growth in the coming years, driven by increasing defense budgets, modernization programs, and ongoing conflicts around the world. The market is likely to be propelled by advancements in artillery technology, such as precision-guided munitions, smart artillery systems, and increased range capabilities. Additionally, the demand for artillery ammunition is anticipated to rise due to the focus on enhancing firepower capabilities and improving operational effectiveness. Factors such as geopolitical tensions, territorial disputes, and the need for military modernization are expected to further bolster the growth of the Global Artillery Ammunition Market, with key players investing in research and development to offer innovative solutions to meet evolving defense requirements.
The Global Artillery Ammunition Market showcases varying regional dynamics. Asia is expected to dominate the market due to increased defense spending by countries such as China and India. North America is a key player with a focus on modernizing its artillery systems. Europe is experiencing growth driven by the NATO`s initiatives for collective defense. The Middle East and Africa region is witnessing a surge in demand due to ongoing conflicts and security threats. Latin America is also a notable market with countries like Brazil investing in artillery modernization programs. Overall, the global artillery ammunition market is diverse, with different regions experiencing growth opportunities driven by defense priorities and geopolitical factors.
Global Artillery Ammunition Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Artillery Ammunition Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Artillery Ammunition Market Revenues & Volume, 2021 & 2031F |
3.3 Global Artillery Ammunition Market - Industry Life Cycle |
3.4 Global Artillery Ammunition Market - Porter's Five Forces |
3.5 Global Artillery Ammunition Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Artillery Ammunition Market Revenues & Volume Share, By Caliber, 2021 & 2031F |
4 Global Artillery Ammunition Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Artillery Ammunition Market Trends |
6 Global Artillery Ammunition Market, 2021 - 2031 |
6.1 Global Artillery Ammunition Market, Revenues & Volume, By Caliber, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Artillery Ammunition Market, Revenues & Volume, By Below 120 Mm, 2021 - 2031 |
6.1.3 Global Artillery Ammunition Market, Revenues & Volume, By 120 Mm & Above, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.3.1 Overview & Analysis |
7 North America Artillery Ammunition Market, Overview & Analysis |
7.1 North America Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
7.2 North America Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Artillery Ammunition Market, Revenues & Volume, By Caliber, 2021 - 2031 |
8 Latin America (LATAM) Artillery Ammunition Market, Overview & Analysis |
8.1 Latin America (LATAM) Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Artillery Ammunition Market, Revenues & Volume, By Caliber, 2021 - 2031 |
9 Asia Artillery Ammunition Market, Overview & Analysis |
9.1 Asia Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Artillery Ammunition Market, Revenues & Volume, By Caliber, 2021 - 2031 |
10 Africa Artillery Ammunition Market, Overview & Analysis |
10.1 Africa Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Artillery Ammunition Market, Revenues & Volume, By Caliber, 2021 - 2031 |
11 Europe Artillery Ammunition Market, Overview & Analysis |
11.1 Europe Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Artillery Ammunition Market, Revenues & Volume, By Caliber, 2021 - 2031 |
12 Middle East Artillery Ammunition Market, Overview & Analysis |
12.1 Middle East Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Artillery Ammunition Market, Revenues & Volume, By Caliber, 2021 - 2031 |
13 Global Artillery Ammunition Market Key Performance Indicators |
14 Global Artillery Ammunition Market - Export/Import By Countries Assessment |
15 Global Artillery Ammunition Market - Opportunity Assessment |
15.1 Global Artillery Ammunition Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Artillery Ammunition Market Opportunity Assessment, By Caliber, 2021 & 2031F |
16 Global Artillery Ammunition Market - Competitive Landscape |
16.1 Global Artillery Ammunition Market Revenue Share, By Companies, 2024 |
16.2 Global Artillery Ammunition Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |