Please Wait.....
Report
Artillery Ammunition - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2024 - 2029
Market Report I 2024-02-17 I 110 Pages I Mordor Intelligence
The Artillery Ammunition Market size is estimated at USD 1.75 billion in 2024, and is expected to reach USD 2.21 billion by 2029, growing at a CAGR of 4.82% during the forecast period (2024-2029).
Key Highlights
-The artillery ammunition market witnessed precedented challenges due to the COVID-19 pandemic. The reduced amount of labor force during the pandemic meant that there was a decline in the production of artillery ammunition for the military. Although the manufacturing of artillery ammunition for military applications was of prime importance, disruptions in the supply chain owing to strict lockdown measures led to a setback in terms of manufacturing artillery ammunition.
-On the other hand, the market showed a strong recovery post covid due to the increasing defense expenditure by various countries as well as the increasing demand for artillery ammunition by various defense personnel worldwide.
-The increase in the military spending of various countries is supporting the various military initiatives to update military weapons and ammunition, which is expected to generate demand for artillery ammunition. The development of new and advanced artillery ammunition by the ammunition manufacturing companies with extended range, increased lethality, and integrated sensors to increase accuracy is anticipated to attract the armies of various countries for their future procurement, thereby leading the market to witness significant growth during the forecast period.
Artillery Ammunition Market Trends
120MM And Above Segment is Anticipated to Grow with the Highest CAGR During the Forecast Period
- The 120 mm and above segment is expected to show significant growth during the forecast period. The main factors which are attributable to such growth include an increase in defense expenditure by various countries, the need for the development of advanced and better capable artillery ammunition, and the increasing need by various countries to improve their defense capabilities. Moreover, the development of advanced ammunition with the integration of advanced technology will help in increasing the range, lethality, and accuracy of artillery ammunition in the near future.
- There have been various ongoing developments in the 120 mm and above segment, with various major market players investing hugely in the research and development of advanced artillery ammunition. For instance, in April 2023, Switzerland announced plans to acquire an additional batch of 120 mm mortar systems based on the General Dynamics European Land Systems Piranha IV 8x8 armored vehicle. Moreover, the Swiss Federal Office for Armaments announced that they had signed a contract with GDELS-Mowag for a further 16 Morser 16 120mm mortar systems.
- Moreover, in February 2023, the state of arms company of Ukraine announced that it had launched joint production of artillery shells with a central European country in North Atlantic Treaty Organization (NATO) and that it plans to develop and produce other arms and military hardware with allies. Moreover, Ukroboronprom started producing 120-mm mortar rounds in Ukraine as the battle between Russia and Ukraine intensified.
- Thus, the advancements in terms of research and development and production of advanced 120 mm and above artillery ammunition by various key players in the market will lead to the 120 mm and above segment witnessing significant growth in the market during the forecast period.
Asia-Pacific Will Showcase Remarkable Growth During the Forecast Period
- Asia-Pacific is projected to show the highest growth during the forecast period. The increase in the number of border conflicts in the region, coupled with an increase in defense expenditures and countries in the Asia-Pacific region looking to upgrade their defense capabilities are some of the factors which will lead to the growth of the market in the Asia-Pacific region.
- Moreover, increasing border conflicts have led to various countries in the Asia-Pacific region making use of advanced artillery ammunition for border protection, and this, in turn, will result in the increased demand for advanced artillery ammunition by various countries in the Asia-Pacific in the near future.
- Currently, India is planning to procure Excalibur-guided long-range artillery ammunition from the United States under the emergency procurement procedures to deploy at the Line of Control. Also, Hanwha Land Systems, based in South Korea, is expected to continue production of the K9 Thunder 155 mm/52 caliber self-propelled artillery system and associated K10 Ammunition Resupply Vehicle (ARV) till at least 2021 for the domestic and international markets. Further, China has been working on artificial intelligence (AI) to increase the accuracy of its artillery attacks. In April 2023, China announced that they are in plans and will soon start testing 203-millimeter artillery cannons, which are bigger and more powerful than anything in the American arsenal.
- The increasing development of new-generation artillery ammunition by various key players will have a positive outlook and will lead to the growth of artillery ammunition in Asia-Pacific during the forecast period.
Artillery Ammunition Industry Overview
The artillery ammunition market is semi-consolidated in nature, with various players holding significant shares in the market. Some prominent market players are General Dynamics Corporation, Rheinmetall AG, BAE Systems plc, THALES, and Saab AB.
The key players in the market are focusing on the development of advanced artillery ammunition systems, which will be used by various defense personnel globally. Moreover, growing expenditure on research and development towards manufacturing advanced artillery ammunition systems will lead to creating better opportunities in the near future. Moreover, various manufacturers are now integrating technologies, like extended-range cannon artillery platforms, and this is expected to support the growth of the artillery ammunition market during the forecast period.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Geopolitical tensions and terretorial conflicts across the globe
4.3 Market Restraints
4.3.1 Various regulations affecting the procurement of artillery ammunition
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Caliber
5.1.1 Below 120 mm
5.1.2 120 mm and Above
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 France
5.2.2.3 Germany
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 South Korea
5.2.3.5 Rest of Asia-Pacific
5.2.4 Latin America
5.2.4.1 Brazil
5.2.4.2 Mexico
5.2.4.3 Rest of Latin America
5.2.5 Middle East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Saudi Arabia
5.2.5.3 South Africa
5.2.5.4 Israel
5.2.5.5 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 General Dynamics Corporation
6.2.2 Rheinmetall AG
6.2.3 BAE Systems plc
6.2.4 Saab AB
6.2.5 Nammo AS
6.2.6 MESKO S.A.
6.2.7 MAXAM
6.2.8 THALES
6.2.9 The Indian Ordnance Factories
6.2.10 Singapore Technologies Engineering Ltd
6.2.11 MSM Legal
6.2.12 Elbit Systems Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Advancements in less than 120mm ammunitions
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security