Summary
Artillery Ammunition Market is valued at US$7.1 billion in 2025 and is projected to grow at a CAGR of 7.4% to reach US$13.5 billion by 2034.
Artillery Ammunition Market – Executive Summary
The artillery ammunition market comprises large-caliber munitions and associated charges used by towed and self-propelled howitzers, multiple rocket launchers, naval guns and coastal artillery. Core products include high-explosive projectiles, smoke and illumination rounds, cargo and sensor-fuzed munitions, practice/training rounds, propelling charges and an increasingly sophisticated family of precision-guided projectiles and modular fuzes. Key applications are general fire support, counter-battery fire, suppression of enemy air defenses, coastal defense and naval gunfire support, making artillery ammunition a critical consumable in high-intensity warfare and deterrence postures. Recent conflicts and protracted artillery-centric campaigns have exposed stockpile shortfalls and capacity bottlenecks, triggering major reinvestment in shell, propellant and explosives production across several regions, alongside efforts to standardize calibers and improve interoperability among allies. Technology trends emphasize extended-range and rocket-assisted projectiles, precision-guided and course-correcting rounds, insensitive munitions, modular charge systems and programmable/multi-option fuzes that enable airburst and tailored effects for urban and complex terrain. Market growth is driven by higher defense spending, rearmament and alliance stockpile objectives, modernization of artillery systems toward longer ranges and digital fire-control networks, and industrial policies aimed at rebuilding resilient, regionally distributed ammunition supply chains. The competitive landscape features a mix of global primes, specialized ammunition houses and state-owned enterprises, often operating under long-term framework contracts and co-production agreements with domestic partners. Overall, the artillery ammunition market is pivoting from a relatively commoditized, volume-driven sector to a more segmented portfolio that balances traditional high-volume high-explosive rounds with premium precision and smart munitions tailored to multi-domain, data-driven fires doctrines.
Key Insights:
o
High-explosive projectiles remain the backbone volume segment. Conventional high-explosive shells continue to dominate demand because they offer flexible effects, compatibility with legacy guns and relatively low unit cost, making them essential for sustained fire missions. Ongoing development focuses on improved fragmentation patterns, insensitive-munitions compliance and optimized ballistics to extend effective range without fundamentally changing gun systems or logistics chains.
o
Precision-guided and course-correcting rounds form the fastest-growing tier. Guided projectiles with satellite-aided or inertial guidance, as well as simpler course-correcting fuzes, are increasingly adopted to deliver first-round effects on high-value or time-sensitive targets. They enable artillery to perform missions traditionally assigned to airpower, reduce rounds-per-target and mitigate collateral-damage risk, supporting concepts of precision fires in dense urban and joint operations environments.
o
Extended-range and rocket-assisted munitions support deep fires. Base-bleed and rocket-assisted designs are being fielded to push conventional gun systems to significantly longer ranges, aligning tube artillery with deep-fires requirements and counter-battery engagements beyond traditional envelopes. These rounds are often paired with upgraded fire-control and target-acquisition assets, creating a distinct premium segment focused on long-range interdiction and area denial.
o
Medium calibers for field artillery drive the largest value pool. Medium artillery calibers for field howitzers account for the bulk of global artillery ammunition consumption, reflecting widespread adoption in army modernisation programs. Standardization around common calibers among allied forces enhances interoperability, simplifies multinational supply and concentrates industrial investment in specific shell families and charge systems.
o
Naval and coastal artillery ammunition offers a specialized but important niche. Naval gun systems on surface combatants rely on tailored ammunition families that include extended-range, multi-purpose and guided rounds to support maritime security, coastal strike and naval gunfire support roles. This segment rewards suppliers able to integrate ammunition performance with ship combat-system requirements and withstand demanding maritime operating conditions over long service lives.
o
Programmable and multi-option fuzes enhance versatility of existing stocks. Upgrading fuzes rather than the entire projectile allows forces to add airburst, delay and proximity modes to standard shells, increasing effectiveness against infantry in cover, drones and light vehicles. This technology provides a cost-effective path to “smarter” artillery effects and is becoming a key differentiator in modernization and retrofit packages.
o
Training, practice and non-lethal rounds underpin readiness. Significant volumes of practice and inert rounds are required to sustain gunnery proficiency, support live-fire exercises and validate new systems. Investment in reduced-range and environmentally adapted practice ammunition helps forces train more frequently within constrained ranges, while preserving war-stock rounds for operational contingencies.
o
Industrial-base expansion and re-shoring are reshaping supply dynamics. Recent conflicts have driven large increases in artillery ammunition expenditure and highlighted dependence on a small number of energetic-material and shell producers. Governments and manufacturers are responding with new plants, capacity expansions and regional diversification efforts for shells, propellants and explosives, seeking to rebuild strategic depth and reduce vulnerability to external shocks.
o
Regulatory, safety and environmental standards influence technology choices. Stricter insensitive-munitions rules, occupational-safety measures and environmental constraints on propellants and energetics affect formulations, casings and manufacturing processes. Compliance adds cost and complexity but also improves storage safety, transport resilience and, in some cases, exportability, shaping RD priorities for both legacy and next-generation ammunition lines.
o
Stockpile management, life-extension and demilitarization are growing service lines. As armies expand and refresh inventories, demand rises for surveillance of aging rounds, refurbishment of propelling charges and safe disposal or recycling of obsolete stocks. Service providers offering data-driven stockpile analytics, life-extension engineering and environmentally responsible demilitarization increasingly complement pure ammunition manufacturing in overall market revenues.
Artillery Ammunition Market Analytics:
The report employs rigorous tools, including Porter’s Five Forces, value chain mapping, and scenario-based modelling, to assess supply–demand dynamics. Cross-sector influences from parent, derived, and substitute markets are evaluated to identify risks and opportunities. Trade and pricing analytics provide an up-to-date view of international flows, including leading exporters, importers, and regional price trends. Macroeconomic indicators, policy frameworks such as carbon pricing and energy security strategies, and evolving consumer behaviour are considered in forecasting scenarios. Recent deal flows, partnerships, and technology innovations are incorporated to assess their impact on future market performance.
Artillery Ammunition Market Competitive Intelligence:
The competitive landscape is mapped through OG Analysis’s proprietary frameworks, profiling leading companies with details on business models, product portfolios, financial performance, and strategic initiatives. Key developments such as mergers & acquisitions, technology collaborations, investment inflows, and regional expansions are analysed for their competitive impact. The report also identifies emerging players and innovative startups contributing to market disruption. Regional insights highlight the most promising investment destinations, regulatory landscapes, and evolving partnerships across energy and industrial corridors.
Countries Covered:
• North America — Artillery Ammunition Market data and outlook to 2034
o United States
o Canada
o Mexico
• Europe — Artillery Ammunition Market data and outlook to 2034
o Germany
o United Kingdom
o France
o Italy
o Spain
o BeNeLux
o Russia
o Sweden
• Asia-Pacific — Artillery Ammunition Market data and outlook to 2034
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Malaysia
o Vietnam
• Middle East and Africa — Artillery Ammunition Market data and outlook to 2034
o Saudi Arabia
o South Africa
o Iran
o UAE
o Egypt
• South and Central America — Artillery Ammunition Market data and outlook to 2034
o Brazil
o Argentina
o Chile
o Peru
* We can include data and analysis of additional countries on demand.
Research Methodology:
This study combines primary inputs from industry experts across the Artillery Ammunition value chain with secondary data from associations, government publications, trade databases, and company disclosures. Proprietary modelling techniques, including data triangulation, statistical correlation, and scenario planning, are applied to deliver reliable market sizing and forecasting.
Key Questions Addressed:
• What is the current and forecast market size of the Artillery Ammunition industry at global, regional, and country levels?
• Which types, applications, and technologies present the highest growth potential?
• How are supply chains adapting to geopolitical and economic shocks?
• What role do policy frameworks, trade flows, and sustainability targets play in shaping demand?
• Who are the leading players, and how are their strategies evolving in the face of global uncertainty?
• Which regional “hotspots” and customer segments will outpace the market, and what go-to-market and partnership models best support entry and expansion?
• Where are the most investable opportunities—across technology roadmaps, sustainability-linked innovation, and M&A—and what is the best segment to invest over the next 3–5 years?
Your Key Takeaways from the Artillery Ammunition Market Report:
• Global Artillery Ammunition Market size and growth projections (CAGR), 2024-2034
• Impact of Russia-Ukraine, Israel-Palestine, and Hamas conflicts on Artillery Ammunition trade, costs, and supply chains
• Artillery Ammunition Market size, share, and outlook across 5 regions and 27 countries, 2023-2034
• Artillery Ammunition Market size, CAGR, and market share of key products, applications, and end-user verticals, 2023-2034
• Short- and long-term Artillery Ammunition Market trends, drivers, restraints, and opportunities
• Porter’s Five Forces analysis, technological developments, and Artillery Ammunition supply chain analysis
• Artillery Ammunition trade analysis, Artillery Ammunition Market price analysis, and Artillery Ammunition supply/demand dynamics
• Profiles of 5 leading companies—overview, key strategies, financials, and products
• Latest Artillery Ammunition Market news and developments
Additional Support:
With the purchase of this report, you will receive
• An updated PDF report and an MS Excel data workbook containing all market tables and figures for easy analysis.
• 7-day post-sale analyst support for clarifications and in-scope supplementary data, ensuring the deliverable aligns precisely with your requirements.
• Complimentary report updates to incorporate the latest available data and the impact of recent market developments.
* The updated report will be delivered within 3 working days.
ページTOPに戻る
Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Global Artillery Ammunition Market Summary, 2025
2.1 Artillery Ammunition Industry Overview
2.1.1 Global Artillery Ammunition Market Revenues (In US$ billion)
2.2 Artillery Ammunition Market Scope
2.3 Research Methodology
3. Artillery Ammunition Market Insights, 2024-2034
3.1 Artillery Ammunition Market Drivers
3.2 Artillery Ammunition Market Restraints
3.3 Artillery Ammunition Market Opportunities
3.4 Artillery Ammunition Market Challenges
3.5 Tariff Impact on Global Artillery Ammunition Supply Chain Patterns
4. Artillery Ammunition Market Analytics
4.1 Artillery Ammunition Market Size and Share, Key Products, 2025 Vs 2034
4.2 Artillery Ammunition Market Size and Share, Dominant Applications, 2025 Vs 2034
4.3 Artillery Ammunition Market Size and Share, Leading End Uses, 2025 Vs 2034
4.4 Artillery Ammunition Market Size and Share, High Growth Countries, 2025 Vs 2034
4.5 Five Forces Analysis for Global Artillery Ammunition Market
4.5.1 Artillery Ammunition Industry Attractiveness Index, 2025
4.5.2 Artillery Ammunition Supplier Intelligence
4.5.3 Artillery Ammunition Buyer Intelligence
4.5.4 Artillery Ammunition Competition Intelligence
4.5.5 Artillery Ammunition Product Alternatives and Substitutes Intelligence
4.5.6 Artillery Ammunition Market Entry Intelligence
5. Global Artillery Ammunition Market Statistics – Industry Revenue, Market Share, Growth Trends and Forecast by segments, to 2034
5.1 World Artillery Ammunition Market Size, Potential and Growth Outlook, 2024- 2034 ($ billion)
5.1 Global Artillery Ammunition Sales Outlook and CAGR Growth By Munitions Technology, 2024- 2034 ($ billion)
5.2 Global Artillery Ammunition Sales Outlook and CAGR Growth By Munitions Type, 2024- 2034 ($ billion)
5.3 Global Artillery Ammunition Sales Outlook and CAGR Growth By Caliber, 2024- 2034 ($ billion)
5.4 Global Artillery Ammunition Sales Outlook and CAGR Growth By Artillery System, 2024- 2034 ($ billion)
5.5 Global Artillery Ammunition Sales Outlook and CAGR Growth By Operational Range, 2024- 2034 ($ billion)
5.6 Global Artillery Ammunition Market Sales Outlook and Growth by Region, 2024- 2034 ($ billion)
6. Asia Pacific Artillery Ammunition Industry Statistics – Market Size, Share, Competition and Outlook
6.1 Asia Pacific Artillery Ammunition Market Insights, 2025
6.2 Asia Pacific Artillery Ammunition Market Revenue Forecast By Munitions Technology, 2024- 2034 (US$ billion)
6.3 Asia Pacific Artillery Ammunition Market Revenue Forecast By Munitions Type, 2024- 2034 (US$ billion)
6.4 Asia Pacific Artillery Ammunition Market Revenue Forecast By Caliber, 2024- 2034 (US$ billion)
6.5 Asia Pacific Artillery Ammunition Market Revenue Forecast By Artillery System, 2024- 2034 (US$ billion)
6.6 Asia Pacific Artillery Ammunition Market Revenue Forecast By Operational Range, 2024- 2034 (US$ billion)
6.7 Asia Pacific Artillery Ammunition Market Revenue Forecast by Country, 2024- 2034 (US$ billion)
6.7.1 China Artillery Ammunition Market Size, Opportunities, Growth 2024- 2034
6.7.2 India Artillery Ammunition Market Size, Opportunities, Growth 2024- 2034
6.7.3 Japan Artillery Ammunition Market Size, Opportunities, Growth 2024- 2034
6.7.4 Australia Artillery Ammunition Market Size, Opportunities, Growth 2024- 2034
7. Europe Artillery Ammunition Market Data, Penetration, and Business Prospects to 2034
7.1 Europe Artillery Ammunition Market Key Findings, 2025
7.2 Europe Artillery Ammunition Market Size and Percentage Breakdown By Munitions Technology, 2024- 2034 (US$ billion)
7.3 Europe Artillery Ammunition Market Size and Percentage Breakdown By Munitions Type, 2024- 2034 (US$ billion)
7.4 Europe Artillery Ammunition Market Size and Percentage Breakdown By Caliber, 2024- 2034 (US$ billion)
7.5 Europe Artillery Ammunition Market Size and Percentage Breakdown By Artillery System, 2024- 2034 (US$ billion)
7.6 Europe Artillery Ammunition Market Size and Percentage Breakdown By Operational Range, 2024- 2034 (US$ billion)
7.7 Europe Artillery Ammunition Market Size and Percentage Breakdown by Country, 2024- 2034 (US$ billion)
7.7.1 Germany Artillery Ammunition Market Size, Trends, Growth Outlook to 2034
7.7.2 United Kingdom Artillery Ammunition Market Size, Trends, Growth Outlook to 2034
7.7.2 France Artillery Ammunition Market Size, Trends, Growth Outlook to 2034
7.7.2 Italy Artillery Ammunition Market Size, Trends, Growth Outlook to 2034
7.7.2 Spain Artillery Ammunition Market Size, Trends, Growth Outlook to 2034
8. North America Artillery Ammunition Market Size, Growth Trends, and Future Prospects to 2034
8.1 North America Snapshot, 2025
8.2 North America Artillery Ammunition Market Analysis and Outlook By Munitions Technology, 2024- 2034 ($ billion)
8.3 North America Artillery Ammunition Market Analysis and Outlook By Munitions Type, 2024- 2034 ($ billion)
8.4 North America Artillery Ammunition Market Analysis and Outlook By Caliber, 2024- 2034 ($ billion)
8.5 North America Artillery Ammunition Market Analysis and Outlook By Artillery System, 2024- 2034 ($ billion)
8.6 North America Artillery Ammunition Market Analysis and Outlook By Operational Range, 2024- 2034 ($ billion)
8.7 North America Artillery Ammunition Market Analysis and Outlook by Country, 2024- 2034 ($ billion)
8.7.1 United States Artillery Ammunition Market Size, Share, Growth Trends and Forecast, 2024- 2034
8.7.1 Canada Artillery Ammunition Market Size, Share, Growth Trends and Forecast, 2024- 2034
8.7.1 Mexico Artillery Ammunition Market Size, Share, Growth Trends and Forecast, 2024- 2034
9. South and Central America Artillery Ammunition Market Drivers, Challenges, and Future Prospects
9.1 Latin America Artillery Ammunition Market Data, 2025
9.2 Latin America Artillery Ammunition Market Future By Munitions Technology, 2024- 2034 ($ billion)
9.3 Latin America Artillery Ammunition Market Future By Munitions Type, 2024- 2034 ($ billion)
9.4 Latin America Artillery Ammunition Market Future By Caliber, 2024- 2034 ($ billion)
9.5 Latin America Artillery Ammunition Market Future By Artillery System, 2024- 2034 ($ billion)
9.6 Latin America Artillery Ammunition Market Future By Operational Range, 2024- 2034 ($ billion)
9.7 Latin America Artillery Ammunition Market Future by Country, 2024- 2034 ($ billion)
9.7.1 Brazil Artillery Ammunition Market Size, Share and Opportunities to 2034
9.7.2 Argentina Artillery Ammunition Market Size, Share and Opportunities to 2034
10. Middle East Africa Artillery Ammunition Market Outlook and Growth Prospects
10.1 Middle East Africa Overview, 2025
10.2 Middle East Africa Artillery Ammunition Market Statistics By Munitions Technology, 2024- 2034 (US$ billion)
10.3 Middle East Africa Artillery Ammunition Market Statistics By Munitions Type, 2024- 2034 (US$ billion)
10.4 Middle East Africa Artillery Ammunition Market Statistics By Caliber, 2024- 2034 (US$ billion)
10.5 Middle East Africa Artillery Ammunition Market Statistics By Artillery System, 2024- 2034 (US$ billion)
10.6 Middle East Africa Artillery Ammunition Market Statistics By Operational Range, 2024- 2034 (US$ billion)
10.7 Middle East Africa Artillery Ammunition Market Statistics by Country, 2024- 2034 (US$ billion)
10.7.1 Middle East Artillery Ammunition Market Value, Trends, Growth Forecasts to 2034
10.7.2 Africa Artillery Ammunition Market Value, Trends, Growth Forecasts to 2034
11. Artillery Ammunition Market Structure and Competitive Landscape
11.1 Key Companies in Artillery Ammunition Industry
11.2 Artillery Ammunition Business Overview
11.3 Artillery Ammunition Product Portfolio Analysis
11.4 Financial Analysis
11.5 SWOT Analysis
12 Appendix
12.1 Global Artillery Ammunition Market Volume (Tons)
12.1 Global Artillery Ammunition Trade and Price Analysis
12.2 Artillery Ammunition Parent Market and Other Relevant Analysis
12.3 Publisher Expertise
12.2 Artillery Ammunition Industry Report Sources and Methodology
