155mm Ammunition Trends and Forecast
The future of the global 155mm ammunition market looks promising with opportunities in the naval force and ground force markets. The global 155mm ammunition market is expected to grow with a CAGR of 3.6% from 2024 to 2030. The major drivers for this market are expanding cross-border problems between surrounding countries, growing terrorist activity and growing dangers to world security, as well as, greater funding for experiments and research to create longer-range.155mm Ammunition by Segment
The study includes a forecast for the global 155mm ammunition by technology, application, end use, and region.155mm Ammunition Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
- Guided
- Unguided
155mm Ammunition Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Projectiles
- Propellants
- Tanks
- Others
155mm Ammunition Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Naval Forces
- Ground Forces
155mm Ammunition Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of 155mm Ammunition Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 155mm ammunition companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 155mm ammunition companies profiled in this report include:- Raytheon Technologies
- General Dynamics Corporation
- Northrop Grumman Corporation
- BAE Systems
- China North Industries Corporation
- Olin Corporation
- Thales Group
- Rheinmetall
- Elbit Systems
- Remington Arms Company
155mm Ammunition Market Insights
The report forecasts that guided is expected to witness higher growth over the forecast period.Within this market, naval forces is expected to witness higher growth.
APAC will remain the largest region over the forecast period due to growing demand for precision, programmable, next-generation 155mm ammunition and ammo kits owing to growing military budgets.
Features of the Global 155mm Ammunition Market
- Market Size Estimates: 155mm ammunition market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: 155mm ammunition market size by technology, application, end use, and region in terms of value ($B).
- Regional Analysis: 155mm ammunition market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different technology, application, end use, and regions for the 155mm ammunition market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 155mm ammunition market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for 155mm ammunition market?Answer: The global 155mm ammunition market is expected to grow with a CAGR of 3.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the 155mm ammunition market?
Answer: The major drivers for this market are expanding cross-border problems between surrounding countries, growing terrorist activity and growing dangers to world security, as well as, greater funding for experiments and research to create longer-range.
Q3. What are the major segments for 155mm ammunition market?
Answer: The future of the global 155mm ammunition market looks promising with opportunities in the naval force and ground force markets.
Q4. Who are the key 155mm ammunition market companies?
Answer: Some of the key 155mm ammunition companies are as follows:
- Raytheon Technologies
- General Dynamics Corporation
- Northrop Grumman Corporation
- BAE Systems
- China North Industries Corporation
- Olin Corporation
- Thales Group
- Rheinmetall
- Elbit Systems
- Remington Arms Company
Answer: The report forecasts that guided is expected to witness higher growth over the forecast period.
Q6. In 155mm ammunition market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing demand for precision, programmable, next-generation 155mm ammunition and ammo kits due to growing military budgets.
Q7. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the 155mm ammunition market by technology (guided and unguided), application (projectiles, propellants, tanks, and others), end use (naval forces and ground forces), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global 155mm Ammunition Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Raytheon Technologies
- General Dynamics Corporation
- Northrop Grumman Corporation
- BAE Systems
- China North Industries Corporation
- Olin Corporation
- Thales Group
- Rheinmetall
- Elbit Systems
- Remington Arms Company
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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