New York, According to a new market research report published by Global Insight Services “155mm Ammunition Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
155mm ammunition is a type of artillery shell that is fired from a howitzer cannon. It is typically used to provide support for troops on the ground, by shelling enemy positions or providing cover fire. The shells are usually made of high-explosive and are designed to cause maximum damage to targets. They are also equipped with a fuze, which is a device that detonates the shell at the desired time.
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Key Trends
Some key trends in 155mm ammunition technology include the development of new propellants, the use of precision-guided munitions, and the increasing use of sensors and other technologies to improve the accuracy of artillery fire.
One of the most significant trends in 155mm ammunition technology is the development of new propellants. Propellants are the chemicals that provide the energy to propel the projectile from the gun barrel.
Precision-guided munitions (PGMs) are another key trend in 155mm ammunition technology. PGMs are designed to hit a specific target with greater accuracy than unguided munitions.
The use of sensors and other technologies to improve the accuracy of artillery fire is another trend that is becoming more common. Artillery systems are now often equipped with laser rangefinders, thermal imagers, and other sensors that can be used to improve the targeting of artillery rounds.
Key Drivers
The 155mm ammunition market is driven by the increasing demand for artillery systems globally.
The growing need for long-range artillery systems is another key driver of the market.
The increasing demand for technologically advanced artillery systems is also driving the market.
Market Segments
The 155mm ammunition market is segmented by technology, application, and region. By technology, the market is classified into guided, and unguided. Based on application, it is bifurcated into projectiles, propellants, tanks, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global 155mm ammunition market includes players such as Ruag Ammotec, BAE Systems, Denel, General Dynamics Corporation, Global Ordnance, Hornady Manufacturing, Magtech, Rheinmetall AG, Nexter Group, Northcorp Grumann Corporation, and others.
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Reasons to buy 155mm Ammunition Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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