FIELD ARTILLERY AMMUNITION MARKET REPORT OVERVIEW
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The global field artillery ammunition market size was USD 3497.3 million in 2023 and will touch USD 3985.1 million by 2029, exhibiting a CAGR of 2.2% during the forecast period.
Field artillery ammunition refers to the munitions specifically designed for use in field artillery systems, which are mobile artillery units typically used on the battlefield. These artillery pieces can include howitzers, cannons, and other similar systems. The ammunition for field artillery is crucial for providing firepower and support to ground forces during military operations.
Field artillery ammunition comprises various projectiles designed for deployment from artillery units. These munitions encompass a range of types, such as high-explosive shells, illuminating rounds, smoke rounds, precision-guided munitions, and other specialized variants tailored to specific mission needs. The propellant, responsible for propelling the projectile from the artillery piece, is commonly housed within a cartridge or shell casing.
COVID-19 Impact: Increased Defense Spending among Population to Fuel Market Growth
In light of perceived security threats during the pandemic, certain nations might have augmented their defense budgets, resulting in an elevated acquisition of field artillery ammunition.
The economic difficulties stemming from the pandemic may have prompted certain countries to reduce defense budgets, impacting their procurement plans for field artillery ammunition.
LATEST TRENDS
"Technological Advancements, Modularity and Customization to Drive Market Growth"
Ongoing progress in precision guidance systems, incorporating technologies like GPS and inertial navigation, is enhancing the precision of field artillery ammunition, resulting in more accurate targeting and minimized collateral damage. The incorporation of intelligent technologies, such as sensor systems and communication capabilities, facilitates munitions capable of dynamically adjusting their trajectory or target during flight, thereby improving their effectiveness on the battlefield. A shift is observed towards ammunition that is modular and customizable, enabling armed forces to swiftly adapt to various scenarios by meeting diverse mission requirements.
FIELD ARTILLERY AMMUNITION MARKET SEGMENTATION
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- By Type
Based on type the global field artillery ammunition market can be categorized into 60mm, 81mm, 120mm, and Others.
60mm: Commonly utilized in lightweight mortar systems, the 60mm field artillery ammunition is recognized for its adaptability and ease of transport. It proves effective in delivering indirect fire support to infantry units and finds frequent use across diverse terrains, owing to its manageable weight and compact size.
81mm: Extensively employed in mortar systems, the 81mm field artillery ammunition achieves a harmonious equilibrium between mobility and firepower. Appreciated for its noteworthy effective range, it is utilized for indirect fire support, presenting heightened lethality in comparison to smaller calibers.
120mm: Belonging to a more substantial category, the 120mm field artillery ammunition is frequently linked with heavy mortar systems and certain artillery pieces. Recognized for its extended range and formidable destructive capabilities, it serves well in both indirect fire support and engaging armored targets, establishing itself as a versatile option for contemporary military operations.
Others: Encompassing field artillery ammunition with calibers beyond the defined ranges (60mm, 81mm, and 120mm), this category incorporates a range of specialized ammunition designed for specific purposes. These purposes may include anti-tank rounds, illumination, or smoke projectiles, adding to the diverse capabilities within the field artillery arsenal.
- By Application
Based on application the global field artillery ammunition market can be categorized into High-Explosive (HE), Smoke, Illumination, and Training Rounds.
High-Explosive (HE): Crafted for optimal destructive force, High-Explosive rounds serve as the principal ammunition for confronting enemy targets, emphasizing the intent to inflict substantial harm on both personnel and materials.
Smoke: Employed to generate a visual smoke screen on the battlefield, smoke rounds play a crucial role in obscuring enemy visibility, offering concealment for friendly forces, and facilitating tactical maneuvers or strategic withdrawals.
Illumination: Designed to offer artificial lighting on the battlefield, especially during nocturnal operations, illumination rounds play a key role in enhancing visibility for surveillance, target identification, and the coordination of military movements.
Training Rounds: Training rounds, serving as inert or less-lethal alternatives, find application in military exercises and training endeavors. These rounds enable personnel to hone their skills in handling and firing artillery ammunition, all without the destructive impact associated with live munitions, thereby augmenting safety in training scenarios.
DRIVING FACTORS
"Military Modernization Programs to Boost the Market"
Military modernization initiatives by nations drive field artillery ammunition market growth in the demand for advanced field artillery ammunition, integrating the latest technologies and capabilities.
"Threat Perception and Geopolitical Tensions to Expand the Market"
Elevated threat perceptions and geopolitical tensions may lead to a heightened procurement of field artillery ammunition, reflecting nations' efforts to bolster their defensive capabilities.
RESTRAINING FACTOR
"Budget Constraints to Potentially Impede Market Growth"
Financial constraints and limitations in budgets can hinder the acquisition of field artillery ammunition, constraining the available resources for military spending.
FIELD ARTILLERY AMMUNITION MARKET REGIONAL INSIGHTS
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"North America Region Dominating the Market is driven by the continuous technological advancements"
The United States, boasting a substantial defense budget, holds a pivotal field artillery ammunition market share in North America. This region is distinguished by continuous technological advancements, emphasizing precision-guided systems and initiatives geared towards modernization.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through production of artillery systems"
Key players in the Field Artillery Ammunition Market comprise entities from both public and private sectors. One example is a prominent British multinational specializing in defense, security, and aerospace, with a notable influence in the design and production of artillery systems and ammunition.
List of Market Players Profiled
- Northrop Grumman (U.S.)
- General Dynamics (U.S.)
- Nammo (Norway)
- Nexter (France)
- Rostec (Russia)
INDUSTRIAL DEVELOPMENT
August 2023: Identifying factors that cast a shadow on market growth is crucial, as they provide insights for devising strategies to seize lucrative opportunities in the continuously expanding market. Furthermore, incorporating perspectives from market experts has been undertaken to enhance our understanding of the market dynamics.
REPORT COVERAGE
The future demand for field artillery ammunition market is covered in this study. The Research report includes the Increased Defense Spending due to the Covid-19 Impact. The report covers the latest trends in Technological Advancements. The paper includes a segmentation of the field artillery ammunition market. The research paper includes the driving factors that are Military Modernization Programs to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for field artillery ammunition.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 3497.3 Million in 2023 |
Market Size Value By |
US$ 3985.1 Million by 2029 |
Growth Rate |
CAGR of 2.2% from 2023 to 2029 |
Forecast Period |
2022-2029 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the field artillery ammunition market expected to touch by 2029?
The global field artillery ammunition market is expected to reach 3985.1 million by 2029.
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What CAGR is the field artillery ammunition market expected to exhibit by 2029?
The field artillery ammunition market is expected to exhibit a CAGR of 2.2% by 2029.
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Which are the driving factors of the field artillery ammunition market?
Military Modernization Programs, and Threat Perception and Geopolitical Tensions are some of the driving factors of field artillery ammunition market.
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What are the field artillery ammunition market segments?
The field artillery ammunition market segmentation that you should be aware of, which include, Based on type the field artillery ammunition market is classified as 60mm, 81mm, 120mm, and Others. Based on application field artillery ammunition market is classified as High-Explosive (HE), Smoke, Illumination, and Training Rounds.
