155mm ammunition market seen hitting $6.2B by 2030

The Business Research Company projects the global 155mm ammunition market will grow from $4.68 billion in 2025 to $6.2 billion by 2030, driven by defense modernization, precision-guided rounds and replenishment of stockpiles. Asia-Pacific is the largest regional market now and the fastest-growing in the forecast period.

Why it matters: - The 155mm ammunition market sits at the center of modern artillery procurement. - Growth in precision-guided rounds, stockpile replenishment and coalition-ready munitions points to sustained defense spending. - Rising demand matters because 155mm rounds support long-range missions with high-impact firepower.

What happened: - The Business Research Company released a report on the global 155mm ammunition market on June 9, 2026. - The report says the market will rise from $4.68 billion in 2025 to $4.97 billion in 2026. - The report projects the market will reach $6.2 billion by 2030. - The projected 2025-2030 CAGR is 5.7%. - The historical 2025-2026 CAGR is 6.1%. - The report is titled “The Business Research Company’s 155mm Ammunition Market Report 2026 – Market Size, Trends, And Global Forecast 2026-2035.” - A free sample is available here. - The full report is available here.

The details: - 155mm ammunition refers to larger-caliber munitions used in howitzer artillery systems. - The rounds carry explosive payloads designed to penetrate armor and strike targets at extended ranges. - The report cites long-range artillery operations, rising demand for bursting and cargo projectiles, and expanding military stockpiles as key historical growth drivers. - Early standardization of the 155mm caliber among allied nations also supported market expansion. - The forecast period is driven by demand for precision-guided and smart 155mm projectiles. - Defense modernization programs and procurement to replenish ammunition reserves are expected to add momentum. - Technological advances are extending range and lethality. - Interoperable munitions for joint and coalition operations are another growth factor. - Emerging trends include smart precision-guided munitions, modernization of artillery fleets, domestic manufacturing, modular charge systems, and new high-explosive and specialized warhead technologies. - In 2025, Asia-Pacific was the largest regional market. - Asia-Pacific is also expected to be the fastest-growing region during the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

Between the lines: - The forecast suggests artillery ammunition demand is being shaped by both battlefield performance needs and industrial capacity. - The emphasis on domestic manufacturing and modular systems points to supply-chain resilience as a growing priority. - The report also links market demand to terrorism concerns, which broadens the demand case beyond conventional warfare. - It cites Belgium-based EU government data showing terrorist incidents in the EU rose from 28 in 2022 to 120 in 2023. - The report says security agencies see 155mm ammunition as useful in counter-terrorism efforts against strongholds.

What’s next: - Procurement and production are likely to keep expanding as defense forces rebuild reserves and upgrade artillery systems. - The market’s direction will hinge on how quickly militaries adopt smart rounds, modular charges and interoperable munitions. - Regional leadership may remain concentrated in Asia-Pacific as defense demand and industrial output scale. - The Business Research Company says its 2026 reports also add market attractiveness scoring, TAM analysis, company scoring matrices, Excel dashboards and updated graphics.

The bottom line: - 155mm ammunition is moving from a core artillery staple to a growth market shaped by modernization, precision and replenishment needs.