155mm Munitions Market Share: Industry Research Report (2025-2034)
The global 155mm munitions market is experiencing steady growth and is expected to continue expanding over the next decade, from 2025 to 2034. This growth is primarily driven by increasing defense spending worldwide, advancements in military technology, and the ongoing need for high-performance artillery systems. The 155mm caliber artillery shells, known for their versatility, are widely used in military applications for both conventional and precision strikes.
Market Overview and Drivers
The 155mm munitions market is closely tied to the global defense sector, where countries are modernizing their artillery capabilities. The 155mm caliber is a standard for heavy artillery used in various military operations, including counteroffensive campaigns, peacekeeping missions, and border defense. These munitions offer a high degree of precision, long-range capabilities, and a range of specialized shells, such as high-explosive, illumination, and guided rounds.
Several factors are driving the market's growth. One of the key drivers is the rising defense budgets…