Artillery shells are projectiles used in field artillery systems (75mm to 203mm) for engaging targets at long range
Market Overview
Major end-users include defense and military sector, aerospace industry, construction and demolition sector, and oil and gas industry
Support offensive and defensive operations with direct and indirect fire capabilities
Market influenced by defense modernization programs and regional security challenges worldwide
Market Value & Growth Projections
Market Statistics:
Global Market (2023): USD 8,927 million
Projected to reach USD 1,281.51 million by 2032 CAGR of -0.19% during the forecast period
North America Market (2023): USD
1,616.84 million
North America CAGR: -0.17% (2024-2032)
Key Market Drivers:
Technological advancements in artillery systems
Increasing defense expenditure globally
Rising demand for precision-guided munitions
Focus on enhancing military capabilities
Market Segmentation
By Type
155mm
152mm
122mm
105mm
Other
By Application
High-Explosive (HE)
Smoke
Illumination
Training Rounds
Other
General Dynamics
Key Market Players
Regional Market Analysis
North America:
Substantial growth potential due to defense modernization programs and increased military spending
Europe:
Steady growth driven by major defense contractors and technological advancements Asia-Pacific: Significant growth expected due to rising geopolitical tensions and military modernization in China, Japan, and India
Middle East & Africa:
Growing demand due to regional conflicts and need for enhanced defense capabilities
South & Central America:
Market influenced by government defense spending and security challenges
