포병 탄약 시장 : 규모, 점유율, 성장, 산업 분석, 지역별 동향 및 예측(2026-2034년)

Growth Factors of artillery ammunition Market

The global artillery ammunition market was valued at USD 8.57 billion in 2025 and is expected to grow to USD 9.35 billion in 2026. According to the report, the market is projected to reach USD 14.76 billion by 2034, expanding at a CAGR of 5.88% during the forecast period. North America dominated the global market with a 33.50% market share in 2025, supported by rising defense budgets, military modernization programs, and increasing investments in advanced artillery ammunition production.

Artillery ammunition consists of shells and projectiles fired from howitzers, mortars, and artillery guns to strike targets over long distances. These munitions are designed to suppress, destroy, or neutralize enemy personnel, infrastructure, and armored assets beyond direct line of sight. Continuous advancements in precision guidance, extended-range technologies, and high-performance propellants are transforming conventional artillery into highly accurate long-range weapon systems. Growing geopolitical conflicts and increasing military procurement programs are further accelerating market expansion.

Russia-Ukraine War Accelerates Global Demand

The ongoing Russia-Ukraine conflict has significantly increased global demand for reliable artillery ammunition. Countries are expanding production capacities and rebuilding ammunition stockpiles after recognizing shortages during prolonged military operations. NATO and allied nations have accelerated procurement of 155mm artillery shells and precision-guided ammunition to strengthen defense readiness. Governments across Europe, North America, and Asia are investing heavily in domestic manufacturing facilities while supporting allied nations with continuous ammunition supplies. These developments continue to create long-term growth opportunities for manufacturers worldwide.

Market Trends

One of the most significant trends shaping the artillery ammunition market is the growing adoption of Precision-Guided Munitions (PGMs). Modern artillery shells equipped with GPS, laser guidance, and onboard navigation systems deliver greater accuracy while minimizing collateral damage. Defense companies are also introducing extended-range projectiles capable of striking targets beyond 120 km.

Another emerging trend is the development of rocket-assisted and ramjet-powered artillery ammunition. These next-generation systems significantly extend operational range while maintaining high precision, making them attractive for modern military operations requiring deep-strike capabilities.

Market Drivers

Increasing defense expenditure remains the primary factor driving market growth. Rising geopolitical tensions, territorial disputes, and military modernization initiatives have encouraged governments to strengthen artillery capabilities. Countries are investing in advanced ammunition featuring enhanced range, lethality, and precision to improve battlefield effectiveness. Programs supporting domestic ammunition manufacturing and strategic partnerships between governments and defense companies are further supporting industry expansion.

Market Restraints

Despite strong demand, the high development cost of advanced artillery ammunition limits market growth. Precision-guided shells equipped with sophisticated navigation systems are considerably more expensive than conventional ammunition. Budget constraints in developing economies often restrict large-scale procurement, forcing several countries to continue relying on traditional artillery rounds.

Market Opportunities

Growing investments in rocket-assisted and ramjet-propelled artillery ammunition present significant opportunities for manufacturers. These technologies enable longer engagement distances while maintaining superior strike accuracy. Increasing research into AI-enabled targeting systems, advanced propellants, and extended-range artillery solutions is expected to generate new business opportunities throughout the forecast period.

Segment Analysis

Based on munitions technology, conventional munitions held the largest market share due to affordability, compatibility with existing artillery platforms, and ease of mass production. However, Precision-Guided Munitions (PGMs) are expected to witness the fastest growth as military organizations increasingly prioritize precision strike capabilities.

By munition type, High-Explosive (HE) ammunition accounted for the leading market share because of its extensive use in anti-personnel, anti-structure, and area-denial operations. Precision-guided ammunition is expected to register the highest growth rate during the forecast period.

Among calibers, medium artillery calibers (105-155 mm) dominated the market owing to widespread adoption by NATO and allied forces. By artillery system, howitzers remained the largest segment because of their versatility and extensive deployment in modern military operations, while rocket artillery is anticipated to experience the fastest growth.

Regional Analysis

North America led the global artillery ammunition market with a value of USD 2.87 billion in 2025 and is projected to reach USD 3.12 billion in 2026, supported by strong defense spending and ammunition production expansion.

Europe accounted for USD 2.69 billion in 2025 and is expected to reach USD 2.97 billion in 2026, driven by increased military preparedness and large-scale investments in domestic ammunition manufacturing.

Asia Pacific generated USD 1.95 billion in 2025 and is forecast to reach USD 2.13 billion in 2026, supported by military modernization initiatives across China, India, Japan, and South Korea.

Latin America reached USD 0.56 billion in 2025, while the Middle East & Africa recorded USD 0.29 billion, with both regions gradually increasing investments in defense modernization and domestic artillery production.

Competitive Landscape

The global artillery ammunition market remains highly competitive, with major manufacturers focusing on production expansion, technological innovation, and strategic defense partnerships. Companies are investing in precision-guided systems, extended-range ammunition, AI-enabled targeting technologies, and advanced propulsion systems to strengthen their competitive positions.

Leading companies operating in the market include Rheinmetall AG, BAE Systems plc, Lockheed Martin Corporation, Hanwha Aerospace, General Dynamics Corporation, Nammo AS, Elbit Systems Ltd., Thales Group, KNDS, Denel SOC, Poongsan Corporation, CBC Global Ammunition, Rostec, ST Engineering, Munitions India Ltd., Ukroboronprom, Roketsan, IMI Systems, NORINCO, CSG Defense, Arsenal JSCo, and Leonardo S.p.A.

Recent Industry Developments

Recent industry developments highlight continued investments in artillery production worldwide. In April 2025, BAE Systems secured a USD 162 million contract for M777 lightweight howitzer structures. During the same month, Hanwha Aerospace signed a USD 253 million agreement with India to deliver an additional 100 K9 Vajra-T self-propelled howitzers. In January 2025, Rheinmetall received a contract to supply tens of thousands of 155mm artillery shells while expanding annual production capacity to 1.1 million shells by 2027. Several European initiatives have also been launched to strengthen artillery ammunition manufacturing capacity and improve defense readiness.

Conclusion

The global artillery ammunition market is expected to witness steady growth through 2034, driven by rising geopolitical tensions, expanding defense budgets, and continuous military modernization programs. Increasing adoption of precision-guided, rocket-assisted, and ramjet-powered artillery systems is transforming the industry by improving range, accuracy, and battlefield effectiveness. As governments continue investing in domestic manufacturing capabilities and advanced ammunition technologies, leading defense manufacturers are well positioned to capitalize on growing global demand, ensuring sustained market expansion throughout the forecast period.

Segmentation By Munitions Technology

• Conventional Munitions
• Precision-Guided Munitions (PGMs)
• Smart Munitions
• Extended-Range Munitions

By Munitions Type

• High-Explosive (HE)
• Armor-Piercing (AP)
• Cluster Munitions
• Smoke/Illumination/Incendiary
• Precision-Guided Munitions (PGMs)

By Caliber

• Small Artillery Calibers (Below 105 mm)
• Medium Artillery Calibers (105 - 155 mm)
• Large Artillery Calibers (Above 155 mm)

By Artillery System

• Howitzers
• Mortars
• Rocket Artillery
• Naval Artillery

By Operational Range

• Short-Range (Below 20 km)
• Medium Range (20 - 50 km)
• Long Range (Above 50 km)

By Propulsion Type

• Ballistic
• Rocket-Assisted
• Ramjet-Propelled
• Hybrid Propulsion

By Region

• North America (By Munitions Technology, By Munitions Type, By Caliber, By Artillery System, By Operational Range, By Propulsion Type, By Country)
  • U.S. (By Munitions Technology)
  • Canada (By Munitions Technology)
• Europe (By Munitions Technology, By Munitions Type, By Caliber, By Artillery System, By Operational Range, By Propulsion Type, By Country)
  • Germany (By Munitions Technology)
  • France (By Munitions Technology)
  • U.K. (By Munitions Technology)
  • Russia (By Munitions Technology)
  • Italy (By Munitions Technology)
  • Nordic Countries (By Munitions Technology)
  • Rest of Europe (By Munitions Technology)
• Asia Pacific (By Munitions Technology, By Munitions Type, By Caliber, By Artillery System, By Operational Range, By Propulsion Type, By Country)
  • Japan (By Munitions Technology)
  • China (By Munitions Technology)
  • India (By Munitions Technology)
  • South Korea (By Munitions Technology)
  • Australia (By Munitions Technology)
  • South East Asia (By Munitions Technology)
• Middle East ( By Munitions Technology, By Munitions Type, By Caliber, By Artillery System, By Operational Range, By Propulsion Type, By Country)
  • Saudi Arabia (By Munitions Technology)
  • UAE (By Munitions Technology)
  • Turkey (By Munitions Technology)
  • Israel (By Munitions Technology)
  • Rest of Middle East(By Munitions Technology)
• Africa (By Munitions Technology, By Munitions Type, By Caliber, By Artillery System, By Operational Range, By Propulsion Type, By Country)
  • South Africa (By Type)
  • Egypt (By Munitions Technology)
  • Algeria (By Munitions Technology)
  • Morocco (By Munitions Technology)
  • Rest of Africa (By Munitions Technology)
• Latin America (By Munitions Technology, By Munitions Type, By Caliber, By Artillery System, By Operational Range, By Propulsion Type, By Country)
  • Brazil (By Munitions Technology)
  • Mexico (By Munitions Technology)
  • Argentina (By Munitions Technology)
  • Rest of Latin America (By Munitions Technology)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
• 4.2. Latest Technological Advancements
• 4.3. Porters Five Forces Analysis
• 4.4. Supply Chain Analysis
• 4.5. Qualitative Insights - Impact of Russia Ukraine War on Global Artillery Ammunition Market

5. Global Artillery Ammunition Market Analysis, Insights and Forecast, 2021-2034

• 5.1. Key Findings / Definition
• 5.2. Market Analysis, Insights and Forecast - By Munitions Technology
  • 5.2.1. Conventional Munitions
  • 5.2.2. Precision-Guided Munitions (PGMs)
  • 5.2.3. Smart Munitions
  • 5.2.4. Extended-Range Munitions
• 5.3. Market Analysis, Insights and Forecast - By Munitions Type
  • 5.3.1. High-Explosive (HE)
  • 5.3.2. Armor-Piercing (AP)
  • 5.3.3. Cluster Munitions
  • 5.3.4. Smoke/Illumination/Incendiary
  • 5.3.5. Precision-Guided Munitions (PGMs)
• 5.4. Market Analysis, Insights and Forecast - By Caliber
  • 5.4.1. Small Artillery Caliber (Below 105 mm)
  • 5.4.2. Medium Artillery Caliber (105 - 155 mm)
  • 5.4.3. Large Artillery Caliber (Above 155 mm)
• 5.5. Market Analysis, Insights and Forecast - By Artillery System
  • 5.5.1. Howitzers
  • 5.5.2. Mortars
  • 5.5.3. Rocket Artillery
  • 5.5.4. Naval Artillery
• 5.6. Market Analysis, Insights and Forecast - By Operational Range
  • 5.6.1. Short-Range (Below 20 km)
  • 5.6.2. Medium Range (20 - 50 km)
  • 5.6.3. Long Range (Above 50 km)
• 5.7. Market Analysis, Insights and Forecast - By Propulsion Type
  • 5.7.1. Ballistic
  • 5.7.2. Rocket-Assisted
  • 5.7.3. Ramjet-Propelled
  • 5.7.4. Hybrid Propulsion
• 5.8. Market Analysis, Insights and Forecast - By Region
  • 5.8.1. North America
  • 5.8.2. Europe
  • 5.8.3. Asia Pacific
  • 5.8.4. Middle East
  • 5.8.5. Africa
  • 5.8.6. Latin America

6. North America Artillery Ammunition Market Analysis, Insights and Forecast, 2021-2034

• 6.1. Market Analysis, Insights and Forecast - By Munitions Technology
  • 6.1.1. Conventional Munitions
  • 6.1.2. Precision-Guided Munitions (PGMs)
  • 6.1.3. Smart Munitions
  • 6.1.4. Extended-Range Munitions
• 6.2. Market Analysis, Insights and Forecast - By Munitions Type
  • 6.2.1. High-Explosive (HE)
  • 6.2.2. Armor-Piercing (AP)
  • 6.2.3. Cluster Munitions
  • 6.2.4. Smoke/Illumination/Incendiary
  • 6.2.5. Precision-Guided Munitions (PGMs)
• 6.3. Market Analysis, Insights and Forecast - By Caliber
  • 6.3.1. Small Artillery Caliber (Below 105 mm)
  • 6.3.2. Medium Artillery Caliber (105 - 155 mm)
  • 6.3.3. Large Artillery Caliber (Above 155 mm)
• 6.4. Market Analysis, Insights and Forecast - By Artillery System
  • 6.4.1. Howitzers
  • 6.4.2. Mortars
  • 6.4.3. Rocket Artillery
  • 6.4.4. Naval Artillery
• 6.5. Market Analysis, Insights and Forecast - By Operational Range
  • 6.5.1. Short-Range (Below 20 km)
  • 6.5.2. Medium Range (20 - 50 km)
  • 6.5.3. Long Range (Above 50 km)
• 6.6. Market Analysis, Insights and Forecast - By Propulsion Type
  • 6.6.1. Ballistic
  • 6.6.2. Rocket-Assisted
  • 6.6.3. Ramjet-Propelled
  • 6.6.4. Hybrid Propulsion
• 6.7. Market Analysis, Insights and Forecast - By Country
  • 6.7.1. U.S.
    • 6.7.1.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 6.7.1.1.1. Conventional Munitions
      • 6.7.1.1.2. Precision-Guided Munitions (PGMs)
      • 6.7.1.1.3. Smart Munitions
      • 6.7.1.1.4. Extended-Range Munitions
  • 6.7.2. Canada
    • 6.7.2.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 6.7.2.1.1. Conventional Munitions
      • 6.7.2.1.2. Precision-Guided Munitions (PGMs)
      • 6.7.2.1.3. Smart Munitions
      • 6.7.2.1.4. Extended-Range Munitions

7. Europe Artillery Ammunition Market Analysis, Insights and Forecast, 2021-2034

• 7.1. Market Analysis, Insights and Forecast - By Munitions Technology
  • 7.1.1. Conventional Munitions
  • 7.1.2. Precision-Guided Munitions (PGMs)
  • 7.1.3. Smart Munitions
  • 7.1.4. Extended-Range Munitions
• 7.2. Market Analysis, Insights and Forecast - By Munitions Type
  • 7.2.1. High-Explosive (HE)
  • 7.2.2. Armor-Piercing (AP)
  • 7.2.3. Cluster Munitions
  • 7.2.4. Smoke/Illumination/Incendiary
  • 7.2.5. Precision-Guided Munitions (PGMs)
• 7.3. Market Analysis, Insights and Forecast - By Caliber
  • 7.3.1. Small Artillery Caliber (Below 105 mm)
  • 7.3.2. Medium Artillery Caliber (105 - 155 mm)
  • 7.3.3. Large Artillery Caliber (Above 155 mm)
• 7.4. Market Analysis, Insights and Forecast - By Artillery System
  • 7.4.1. Howitzers
  • 7.4.2. Mortars
  • 7.4.3. Rocket Artillery
  • 7.4.4. Naval Artillery
• 7.5. Market Analysis, Insights and Forecast - By Operational Range
  • 7.5.1. Short-Range (Below 20 km)
  • 7.5.2. Medium Range (20 - 50 km)
  • 7.5.3. Long Range (Above 50 km)
• 7.6. Market Analysis, Insights and Forecast - By Propulsion Type
  • 7.6.1. Ballistic
  • 7.6.2. Rocket-Assisted
  • 7.6.3. Ramjet-Propelled
  • 7.6.4. Hybrid Propulsion
• 7.7. Market Analysis, Insights and Forecast - By Country
  • 7.7.1. U.K.
    • 7.7.1.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 7.7.1.1.1. Conventional Munitions
      • 7.7.1.1.2. Precision-Guided Munitions (PGMs)
      • 7.7.1.1.3. Smart Munitions
      • 7.7.1.1.4. Extended-Range Munitions
  • 7.7.2. Germany
    • 7.7.2.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 7.7.2.1.1. Conventional Munitions
      • 7.7.2.1.2. Precision-Guided Munitions (PGMs)
      • 7.7.2.1.3. Smart Munitions
      • 7.7.2.1.4. Extended-Range Munitions
  • 7.7.3. France
    • 7.7.3.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 7.7.3.1.1. Conventional Munitions
      • 7.7.3.1.2. Precision-Guided Munitions (PGMs)
      • 7.7.3.1.3. Smart Munitions
      • 7.7.3.1.4. Extended-Range Munitions
  • 7.7.4. Russia
    • 7.7.4.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 7.7.4.1.1. Conventional Munitions
      • 7.7.4.1.2. Precision-Guided Munitions (PGMs)
      • 7.7.4.1.3. Smart Munitions
      • 7.7.4.1.4. Extended-Range Munitions
  • 7.7.5. Italy
    • 7.7.5.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 7.7.5.1.1. Conventional Munitions
      • 7.7.5.1.2. Precision-Guided Munitions (PGMs)
      • 7.7.5.1.3. Smart Munitions
      • 7.7.5.1.4. Extended-Range Munitions
  • 7.7.6. Nordic Countries
    • 7.7.6.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 7.7.6.1.1. Conventional Munitions
      • 7.7.6.1.2. Precision-Guided Munitions (PGMs)
      • 7.7.6.1.3. Smart Munitions
      • 7.7.6.1.4. Extended-Range Munitions
  • 7.7.7. Rest of Europe
    • 7.7.7.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 7.7.7.1.1. Conventional Munitions
      • 7.7.7.1.2. Precision-Guided Munitions (PGMs)
      • 7.7.7.1.3. Smart Munitions
      • 7.7.7.1.4. Extended-Range Munitions

8. Asia Pacific Artillery Ammunition Market Analysis, Insights and Forecast, 2021-2034

• 8.1. Market Analysis, Insights and Forecast - By Munitions Technology
  • 8.1.1. Conventional Munitions
  • 8.1.2. Precision-Guided Munitions (PGMs)
  • 8.1.3. Smart Munitions
  • 8.1.4. Extended-Range Munitions
• 8.2. Market Analysis, Insights and Forecast - By Munitions Type
  • 8.2.1. High-Explosive (HE)
  • 8.2.2. Armor-Piercing (AP)
  • 8.2.3. Cluster Munitions
  • 8.2.4. Smoke/Illumination/Incendiary
  • 8.2.5. Precision-Guided Munitions (PGMs)
• 8.3. Market Analysis, Insights and Forecast - By Caliber
  • 8.3.1. Small Artillery Caliber (Below 105 mm)
  • 8.3.2. Medium Artillery Caliber (105 - 155 mm)
  • 8.3.3. Large Artillery Caliber (Above 155 mm)
• 8.4. Market Analysis, Insights and Forecast - By Artillery System
  • 8.4.1. Howitzers
  • 8.4.2. Mortars
  • 8.4.3. Rocket Artillery
  • 8.4.4. Naval Artillery
• 8.5. Market Analysis, Insights and Forecast - By Operational Range
  • 8.5.1. Short-Range (Below 20 km)
  • 8.5.2. Medium Range (20 - 50 km)
  • 8.5.3. Long Range (Above 50 km)
• 8.6. Market Analysis, Insights and Forecast - By Propulsion Type
  • 8.6.1. Ballistic
  • 8.6.2. Rocket-Assisted
  • 8.6.3. Ramjet-Propelled
  • 8.6.4. Hybrid Propulsion
• 8.7. Market Analysis, Insights and Forecast - By Country
  • 8.7.1. China
    • 8.7.1.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 8.7.1.1.1. Conventional Munitions
      • 8.7.1.1.2. Precision-Guided Munitions (PGMs)
      • 8.7.1.1.3. Smart Munitions
      • 8.7.1.1.4. Extended-Range Munitions
  • 8.7.2. India
    • 8.7.2.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 8.7.2.1.1. Conventional Munitions
      • 8.7.2.1.2. Precision-Guided Munitions (PGMs)
      • 8.7.2.1.3. Smart Munitions
      • 8.7.2.1.4. Extended-Range Munitions
  • 8.7.3. Japan
    • 8.7.3.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 8.7.3.1.1. Conventional Munitions
      • 8.7.3.1.2. Precision-Guided Munitions (PGMs)
      • 8.7.3.1.3. Smart Munitions
      • 8.7.3.1.4. Extended-Range Munitions
  • 8.7.4. South Korea
    • 8.7.4.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 8.7.4.1.1. Conventional Munitions
      • 8.7.4.1.2. Precision-Guided Munitions (PGMs)
      • 8.7.4.1.3. Smart Munitions
      • 8.7.4.1.4. Extended-Range Munitions
  • 8.7.5. Australia
    • 8.7.5.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 8.7.5.1.1. Conventional Munitions
      • 8.7.5.1.2. Precision-Guided Munitions (PGMs)
      • 8.7.5.1.3. Smart Munitions
      • 8.7.5.1.4. Extended-Range Munitions
  • 8.7.6. South East Asia
    • 8.7.6.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 8.7.6.1.1. Conventional Munitions
      • 8.7.6.1.2. Precision-Guided Munitions (PGMs)
      • 8.7.6.1.3. Smart Munitions
      • 8.7.6.1.4. Extended-Range Munitions

9. Middle East Artillery Ammunition Market Analysis, Insights and Forecast, 2021-2034

• 9.1. Market Analysis, Insights and Forecast - By Munitions Technology
  • 9.1.1. Conventional Munitions
  • 9.1.2. Precision-Guided Munitions (PGMs)
  • 9.1.3. Smart Munitions
  • 9.1.4. Extended-Range Munitions
• 9.2. Market Analysis, Insights and Forecast - By Munitions Type
  • 9.2.1. High-Explosive (HE)
  • 9.2.2. Armor-Piercing (AP)
  • 9.2.3. Cluster Munitions
  • 9.2.4. Smoke/Illumination/Incendiary
  • 9.2.5. Precision-Guided Munitions (PGMs)
• 9.3. Market Analysis, Insights and Forecast - By Caliber
  • 9.3.1. Small Artillery Caliber (Below 105 mm)
  • 9.3.2. Medium Artillery Caliber (105 - 155 mm)
  • 9.3.3. Large Artillery Caliber (Above 155 mm)
• 9.4. Market Analysis, Insights and Forecast - By Artillery System
  • 9.4.1. Howitzers
  • 9.4.2. Mortars
  • 9.4.3. Rocket Artillery
  • 9.4.4. Naval Artillery
• 9.5. Market Analysis, Insights and Forecast - By Operational Range
  • 9.5.1. Short-Range (Below 20 km)
  • 9.5.2. Medium Range (20 - 50 km)
  • 9.5.3. Long Range (Above 50 km)
• 9.6. Market Analysis, Insights and Forecast - By Propulsion Type
  • 9.6.1. Ballistic
  • 9.6.2. Rocket-Assisted
  • 9.6.3. Ramjet-Propelled
  • 9.6.4. Hybrid Propulsion
• 9.7. Market Analysis, Insights and Forecast - By Country
  • 9.7.1. Saudi Arabia
    • 9.7.1.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 9.7.1.1.1. Conventional Munitions
      • 9.7.1.1.2. Precision-Guided Munitions (PGMs)
      • 9.7.1.1.3. Smart Munitions
      • 9.7.1.1.4. Extended-Range Munitions
  • 9.7.2. UAE
    • 9.7.2.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 9.7.2.1.1. Conventional Munitions
      • 9.7.2.1.2. Precision-Guided Munitions (PGMs)
      • 9.7.2.1.3. Smart Munitions
      • 9.7.2.1.4. Extended-Range Munitions
  • 9.7.3. Turkey
    • 9.7.3.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 9.7.3.1.1. Conventional Munitions
      • 9.7.3.1.2. Precision-Guided Munitions (PGMs)
      • 9.7.3.1.3. Smart Munitions
      • 9.7.3.1.4. Extended-Range Munitions
  • 9.7.4. Israel
    • 9.7.4.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 9.7.4.1.1. Conventional Munitions
      • 9.7.4.1.2. Precision-Guided Munitions (PGMs)
      • 9.7.4.1.3. Smart Munitions
      • 9.7.4.1.4. Extended-Range Munitions
  • 9.7.5. Rest of Middle East
    • 9.7.5.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 9.7.5.1.1. Conventional Munitions
      • 9.7.5.1.2. Precision-Guided Munitions (PGMs)
      • 9.7.5.1.3. Smart Munitions
      • 9.7.5.1.4. Extended-Range Munitions

10. Africa Artillery Ammunition Market Analysis, Insights and Forecast, 2021-2034

• 10.1. Market Analysis, Insights and Forecast - By Munitions Technology
  • 10.1.1. Conventional Munitions
  • 10.1.2. Precision-Guided Munitions (PGMs)
  • 10.1.3. Smart Munitions
  • 10.1.4. Extended-Range Munitions
• 10.2. Market Analysis, Insights and Forecast - By Munitions Type
  • 10.2.1. High-Explosive (HE)
  • 10.2.2. Armor-Piercing (AP)
  • 10.2.3. Cluster Munitions
  • 10.2.4. Smoke/Illumination/Incendiary
  • 10.2.5. Precision-Guided Munitions (PGMs)
• 10.3. Market Analysis, Insights and Forecast - By Caliber
  • 10.3.1. Small Artillery Caliber (Below 105 mm)
  • 10.3.2. Medium Artillery Caliber (105 - 155 mm)
  • 10.3.3. Large Artillery Caliber (Above 155 mm)
• 10.4. Market Analysis, Insights and Forecast - By Artillery System
  • 10.4.1. Howitzers
  • 10.4.2. Mortars
  • 10.4.3. Rocket Artillery
  • 10.4.4. Naval Artillery
• 10.5. Market Analysis, Insights and Forecast - By Operational Range
  • 10.5.1. Short-Range (Below 20 km)
  • 10.5.2. Medium Range (20 - 50 km)
  • 10.5.3. Long Range (Above 50 km)
• 10.6. Market Analysis, Insights and Forecast - By Propulsion Type
  • 10.6.1. Ballistic
  • 10.6.2. Rocket-Assisted
  • 10.6.3. Ramjet-Propelled
  • 10.6.4. Hybrid Propulsion
• 10.7. Market Analysis, Insights and Forecast - By Country
  • 10.7.1. South Africa
    • 10.7.1.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 10.7.1.1.1. Conventional Munitions
      • 10.7.1.1.2. Precision-Guided Munitions (PGMs)
      • 10.7.1.1.3. Smart Munitions
      • 10.7.1.1.4. Extended-Range Munitions
  • 10.7.2. Egypt
    • 10.7.2.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 10.7.2.1.1. Conventional Munitions
      • 10.7.2.1.2. Precision-Guided Munitions (PGMs)
      • 10.7.2.1.3. Smart Munitions
      • 10.7.2.1.4. Extended-Range Munitions
  • 10.7.3. Algeria
    • 10.7.3.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 10.7.3.1.1. Conventional Munitions
      • 10.7.3.1.2. Precision-Guided Munitions (PGMs)
      • 10.7.3.1.3. Smart Munitions
      • 10.7.3.1.4. Extended-Range Munitions
  • 10.7.4. Morocco
    • 10.7.4.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 10.7.4.1.1. Conventional Munitions
      • 10.7.4.1.2. Precision-Guided Munitions (PGMs)
      • 10.7.4.1.3. Smart Munitions
      • 10.7.4.1.4. Extended-Range Munitions
  • 10.7.5. Rest of Africa
    • 10.7.5.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 10.7.5.1.1. Conventional Munitions
      • 10.7.5.1.2. Precision-Guided Munitions (PGMs)
      • 10.7.5.1.3. Smart Munitions
      • 10.7.5.1.4. Extended-Range Munitions

11. Latin America Artillery Ammunition Market Analysis, Insights and Forecast, 2021-2034

• 11.1. Market Analysis, Insights and Forecast - By Munitions Technology
  • 11.1.1. Conventional Munitions
  • 11.1.2. Precision-Guided Munitions (PGMs)
  • 11.1.3. Smart Munitions
  • 11.1.4. Extended-Range Munitions
• 11.2. Market Analysis, Insights and Forecast - By Munitions Type
  • 11.2.1. High-Explosive (HE)
  • 11.2.2. Armor-Piercing (AP)
  • 11.2.3. Cluster Munitions
  • 11.2.4. Smoke/Illumination/Incendiary
  • 11.2.5. Precision-Guided Munitions (PGMs)
• 11.3. Market Analysis, Insights and Forecast - By Caliber
  • 11.3.1. Small Artillery Caliber (Below 105 mm)
  • 11.3.2. Medium Artillery Caliber (105 - 155 mm)
  • 11.3.3. Large Artillery Caliber (Above 155 mm)
• 11.4. Market Analysis, Insights and Forecast - By Artillery System
  • 11.4.1. Howitzers
  • 11.4.2. Mortars
  • 11.4.3. Rocket Artillery
  • 11.4.4. Naval Artillery
• 11.5. Market Analysis, Insights and Forecast - By Operational Range
  • 11.5.1. Short-Range (Below 20 km)
  • 11.5.2. Medium Range (20 - 50 km)
  • 11.5.3. Long Range (Above 50 km)
• 11.6. Market Analysis, Insights and Forecast - By Propulsion Type
  • 11.6.1. Ballistic
  • 11.6.2. Rocket-Assisted
  • 11.6.3. Ramjet-Propelled
  • 11.6.4. Hybrid Propulsion
• 11.7. Market Analysis, Insights and Forecast - By Country
  • 11.7.1. Brazil
    • 11.7.1.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 11.7.1.1.1. Conventional Munitions
      • 11.7.1.1.2. Precision-Guided Munitions (PGMs)
      • 11.7.1.1.3. Smart Munitions
      • 11.7.1.1.4. Extended-Range Munitions
  • 11.7.2. Mexico
    • 11.7.2.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 11.7.2.1.1. Conventional Munitions
      • 11.7.2.1.2. Precision-Guided Munitions (PGMs)
      • 11.7.2.1.3. Smart Munitions
      • 11.7.2.1.4. Extended-Range Munitions
  • 11.7.3. Argentina
    • 11.7.3.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 11.7.3.1.1. Conventional Munitions
      • 11.7.3.1.2. Precision-Guided Munitions (PGMs)
      • 11.7.3.1.3. Smart Munitions
      • 11.7.3.1.4. Extended-Range Munitions
  • 11.7.4. Rest of Latin America
    • 11.7.4.1. Market Analysis, Insights and Forecast - By Munitions Technology
      • 11.7.4.1.1. Conventional Munitions
      • 11.7.4.1.2. Precision-Guided Munitions (PGMs)
      • 11.7.4.1.3. Smart Munitions
      • 11.7.4.1.4. Extended-Range Munitions

12. Competitive Analysis

• 12.1. Global Market Rank Analysis (2025)
• 12.2. Competitive Dashboard
• >Company Profiles
  • 12.2.1. BAE Systems plc (UK)
  • 12.2.2. Rheinmetall AG (Germany)
  • 12.2.3. Lockheed Martin Corporation (U.S.)
  • 12.2.4. Hanwha Aerospace (South Korea)
  • 12.2.5. General Dynamics Corporation (U.S.)
  • 12.2.6. Nammo AS (Norway)
  • 12.2.7. Elbit Systems Ltd. (Israel)
  • 12.2.8. Thales Group (France)
  • 12.2.9. KNDS (Netherlands)
  • 12.2.10. Denel SOC (South Africa)
  • 12.2.11. Poongsan Corporation (South Korea)
  • 12.2.12. CBC Global Ammunition (U.S.)
  • 12.2.13. Rostec(Techmash) (Russia)
  • 12.2.14. ST Engineering (Singapore)
  • 12.2.15. Arsenal JSCo (Russia)
  • 12.2.16. Munitions India Ltd. (India)
  • 12.2.17. Ukroboronprom (Ukraine)
  • 12.2.18. Roketsan (Turkey)
  • 12.2.19. IMI Systems (Israel)
  • 12.2.20. NORINCO (China)
  • 12.2.21. CSG Defense (Czech Republic)
  • 12.2.22. Arsenal JSco (Bulgaria)
  • 12.2.23. Leonardo S.p.A. (Italy)