Pacific Field Artillery Ammunition Market

The Asia Pacific Field Artillery Ammunition market size was valued at US$ 1.82 billion in 2024 and is projected to reach US$ 2.36 billion by 2030, at a CAGR of 4.4% during the forecast period 2024-2030.

Field artillery ammunition includes shells, rockets, and associated propellants used in large-caliber land-based weapons systems, designed for long-range fire support in military operations.

The Asia Pacific field artillery ammunition market is growing steadily, driven by regional security concerns and military modernization programs. China accounts for 40% of the market, followed by India at 25% and South Korea at 15%. In 2023, 155mm ammunition dominated with a 50% market share, followed by rocket artillery at 30%. The market saw a 10% increase in demand for precision-guided munitions. Key players include Norinco (China) and Hanwha Corporation (South Korea), holding a combined 45% market share in the region. The industry is investing in extended range technologies, with a 15% increase in R&D spending on base bleed and rocket-assisted projectiles in 2023. Challenges include stringent export controls, affecting cross-border sales. Technological advancements have led to a 20% improvement in ammunition accuracy over the past five years. The market is benefiting from increased defense budgets, with India increasing artillery procurement by 18% in 2023.

Report Includes

Pacific Field Artillery Ammunition Market is an essential reference for who looks for detailed information on Asia Pacific Field Artillery Ammunition . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Field Artillery Ammunition , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific Field Artillery Ammunition Market aims to provide a comprehensive presentation of the Asia Pacific Field Artillery Ammunition , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Field Artillery Ammunition . Pacific Field Artillery Ammunition Market contains market size and forecasts of Field Artillery Ammunition in Asia Pacific, including the following market information:

We surveyed the Field Artillery Ammunition manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    China

•    India

•    Japan

•    South Korea

•    Australia

•    Thailand

•    Indonesia

by Products type:

•    60mm

•    81mm

•    120mm

•    Other

by Application:

•    High-Explosive (HE)

•    Smoke

•    Illumination

•    Training Rounds

key players include: (At least 8-10 companies included)

•    Norinco International Corporation Limited

•    Hanwha Defense

•    China North Industries Group Corporation (NORINCO)

•    Poongsan Corporation

•    Rosoboronexport

•    Pakistan Ordnance Factories

•    Bharat Dynamics Limited

•    Hindoostan Explosives Limited

•    Advanced Weapons and Equipment India Limited

•    S&T Dynamics Co., Ltd.

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Field Artillery Ammunition revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)

•    Key companies Field Artillery Ammunition revenues share in Asia Pacific market, 2023 (%)

•    Key companies Field Artillery Ammunition sales in Asia Pacific market, 2019-2024 (Estimated),

•    Key companies Field Artillery Ammunition sales share in Asia Pacific market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Asia Pacific and country-wise market of Field Artillery Ammunition

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing Field Artillery Ammunition capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on Field Artillery Ammunition manufacturers

•    Field Artillery Ammunition forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.