155 MM Ammunition Market Statistics and Growth Analysis Report

The 155 MM Ammunition (Artillery Ammunition) Market is projected to reach USD 20.23 billion by 2031 from USD 8.39 billion in 2026, at a CAGR of 19.2% from 2026 to 2031. The market is driven by rising defense budgets, ongoing regional conflicts, and the modernization of artillery systems across major military forces. Increased demand for longer-range, precision-guided shells and higher stockpiling requirements to strengthen combat readiness are also supporting steady procurement growth.

Market Size & Forecast
• 2025 Market Size (Value): USD 7.13 Billion
• 2031 Market Forecast (Value): USD 20.23 Billion
• CAGR: 19.2% from 2026-2031
• Europe: 48.8% Revenue Share in 2025
• Truck-Mounted Artillery (TMA) Segment: CAGR of 32.7%

KEY TAKEAWAYS
The Europe 155 MM ammunition(artillery ammunition) market accounted for a 48.8% revenue share in 2025.
By product, the truck-mounted artillery (TMA) segment is expected to register the highest CAGR of 32.7%.
By technology, the precision-guided segment is projected to grow at the fastest rate from 2026 to 2031.
By component, the shell segment is expected to dominate the market.
BAE Systems, Nammo AS, and Elbit Systems Ltd. were identified as some of the star players in the 155 MM (artillery ammunition) ammunition market (global), given their strong market share and product footprint.
NIEWIADÓW POLISH MILITARY GROUP JOINT STOCK COMPANY, among others, has distinguished itself among startups and SMEs by securing strong footholds in specialized niche areas, underscoring its potential as an emerging market leader.
The 155 MM Ammunition (Artillery Ammunition) Industry is driven by increased procurement to replenish war reserves, higher stockpiling levels, and rising demand for extended-range ammunition. The market is expected to grow steadily as countries expand production capacity and secure long-term supply contracts for 155 mm ammunition.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The impact on customers’ business in the 155 MM ammunition (artillery ammunition) market comes from changing military needs and supply pressures. Armed forces and defense agencies are shifting from standard shells to extended-range and precision-guided 155 MM ammunition (artillery ammunition), while increasing domestic production and signing multi-year supply agreements. These changes affect procurement planning, budgets, and supplier selection and increase demand for manufacturers with strong production capacity and advanced capabilities.

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