155 MM Ammunition (Artillery Ammunition) Market to Hit $20.23 Billion by 2031

Delray Beach, FL, April 17, 2026 (GLOBE NEWSWIRE) -- The report "155 MM Ammunition (Artillery Ammunition) Market by Product (Howitzers, Truck-Mounted Artillery), Technology (Conventional Ballistic Projectiles, Base Bleed Projectiles), Component (Shell, Fuze, Propellant, Others), and Region – Global Forecast to 2031", is projected to grow from USD 8.39 billion in 2026 to USD 20.23 billion by 2031 at a CAGR of 19.2%. Increasing procurement and sustained use of 155 mm artillery systems by armed forces for long-range fire support is driving the growth of the 155 MM ammunition market.