Artillery ammunition

Artillery Ammunition Market: Analysis by Industry Growth, Size, Share, Demand, Trends and Research Report and Forecast: 2022-2031

Japan, Japan, Thu, 07 Apr 2022 05:22:08 / Comserve Inc. / — The artillery ammunition market is expected to grow at a CAGR above 1.5% during the forecast period.

the artillery ammunition market is expected to grow at a CAGR above 1.5% during the forecast period.

– Rising military spending by 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 ammunition manufacturers with extended range, increased lethality and integrated sensors to increase accuracy should attract armies of different countries for their future purchases.

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Main market trends

The 120mm and above segment will experience the highest growth during the forecast period

The 120mm and above segment of the market is expected to grow at the highest CAGR during the forecast period. The growth of the segment is mainly due to the increase in the development and supply of tank ammunition, howitzer ammunition and artillery projectiles. The development of advanced ammunition with the integration of state-of-the-art technology will help increase the increased range, lethality and accuracy of artillery ammunition. For example, Gesellschaft für Intelligente Wirksysteme mbH (GIWS) has been awarded a contract by the German Ministry of Defense (MoD) to start production of sensor ammunition for 155 mm artillery (SMArt 155). This program ended in 2006 after the last deliveries in Australia and Greece. However, later, due to the increase in demand for ammunition, the Ministry of Defense decided to reintroduce the program and mass production is expected to start from 2024. With growing demand, companies are exploring new payloads to deploy the ammunition on a wider range of target types is fueling the growth of the segment over the forecast period.

The Asia-Pacific region is expected to generate the highest demand during the forecast period

The Asia-Pacific region is expected to generate the highest demand for artillery ammunition during the forecast period. This demand is mainly due to ongoing conflicts between neighboring countries. Countries purchase the artillery and mortar systems to protect their borders, which generates demand for artillery and mortar ammunition during the forecast period. India is currently planning to purchase Excalibur long-range guided artillery munitions from the United States under emergency procurement procedures to deploy to the Line of Control. In addition, South Korea-based Hanwha Land Systems is expected to continue production of the K9 Thunder 155mm/52 caliber self-propelled artillery system and associated K10 Ammunition Resupply Vehicle (ARV) until at least 2021 for national and international markets. The country is currently replacing K55 self-propelled howitzers with K9 Thunder. This generates the need to purchase artillery ammo in the region. The development of new artillery and ammunition systems by countries in the region is expected to drive the growth of artillery ammunition in the region.

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Competitive landscape

Major artillery ammunition market players General Dynamics Corporation, Rheinmetall AG, NEXTER Group, Saab AB and Elbit System Ltd. Companies are currently focusing on improving ammunition capabilities to increase their market share. Rheinmetall is one of the major market players supplying artillery ammunition through several joint ventures in various regions such as Rheinmetall Denel Munition (Rheinmetall 51% and Denel 49%) and Gesellschaft für Intelligente Wirksysteme mbH (GIWS) (Rheinmetall 50% and Diehl Defense 50%). The company is also currently exploring various new upgrades for its mortar and artillery ammunition with two new mortar rounds (a 120mm Enhanced Lethality round and an 81mm Long Range (EL/R) round) in development. certification. These partnerships and investments in product innovations are expected to support the growth of companies in the artillery market.

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