155mm Ammunition Market Overview:
155mm ammunition consists of four separate components, projectiles, primers, propellants, and fuses, all issued separately. Loading the projectiles and propellants into the artillery system requires two separate operations. Propeller increments are directly proportional to the propellant required for artillery ammunition. The charge to be loaded depends on the intended target range and the tactical situation. In addition to 155mm ammunition, large caliber ammunition includes artillery ammunition (155mm, 152.4mm, 122mm, and 105mm), tank ammunition (100mm, 105mm, 115mm, 120mm, 125mm), and mortar ammunition (60mm, 81mm, 82mm, and 120mm). Approximately 44% of the global market for large caliber ammunition comes from this market. NATO countries and their global allies and partners adopted 155mm ammunition and artillery systems after World War II to maximize destructive power and range. Using only single-caliber munitions is also logistically feasible. Artillery fleets from the former Soviet Union are used by countries with varied procurement methods and varied existing artillery systems, while those with diverse artillery acquisition methods use 155mm ammunition. In this way, various artillery systems can use universal ammunition logistically.
As a result of cross-border disputes and terrorism, and military spending, the market for 155mm ammunition has seen a moderate demand amid the COVID-19 pandemic. As well as the development of next-generation 155mm artillery ammunition and the increasing demand for long-range, precision, programmable munitions, the factors influencing the 155mm ammunition market growth during the forecast period include the increasing demand for long-range, precision, programmable munitions. A major factor driving the market during the forecast period is the development of artillery ammunition enhancement kits. A country uses this strategy to enhance the performance of its existing ammunition stockpiles.
This report by Future Market Analytics consists of the 155mm Ammunition Market trends like unmanned aerial systems, advanced missile guidance systems, robotic soldiers, etc. that have the potential of changing the course of the market growth. Furthermore, the report includes detailed information on the overall market share, the impact of 155mm Ammunition Market on the defense industry for the business expansion and real-time process refinement, revenue management, etc. The report also includes the geographical analysis of regions such as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America along with the competitive landscape ranging from key market players to new entrants and their SWOT analysis.
With the assistance of the latest market research methodologies, the market analysts at Future Market Analytics have estimated that the 155mm Ammunition Market is anticipated to attain substantial proliferation within the forecasted timeframe. The report includes insights regarding the 155mm Ammunition Market size and the current market valuation coupled with detailed information on the market segmentation and the available growth opportunities in the business vertical.
Major players included in the 155mm Ammunition Market:
• BAE Systems Plc.
• Elbit Systems Ltd.
• General Dynamics Corporation
• MSM Group s.r.o.
• Nammo A.S.
• KNDS N.V.
• Northrop Grumman Corporation
• Rheinmetall AG
• RUAG Group
• ST Engineering Ltd.
• Israel Aerospace Industries Ltd.
• Thales Group
• Raytheon Technologies Inc.
• China North Industries Corporation
• Munitions India Ltd.
(Note: The list of the major players will be updated with the latest market scenario and trends)
155mm Ammunition Market Segmentation:
By Technology
• Guided
• Unguided
By Component
• Projectiles
• Primers
• Propellants
• Fuze
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
155mm Ammunition Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the 155mm Ammunition Market by technology, by component and by region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
In case of any requirements or changes to the current table of content please contact us at:
enquiry@futuremarketanalytics.com
