155mm Ammunition Market to Reach $4.25 billion by 2028 Amid Rising Defense Spending and Technological Advancements [Yahoo! Finance]
STRATEGIC ACQUIS INC NEV (STQN)
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Source: Yahoo! Finance
Dublin, Oct. 10, 2024 (GLOBE NEWSWIRE) -- The "155mm Ammunition Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering. The global 155mm ammunition market is poised for a steady growth trajectory, expanding from a $3.54 billion valuation in 2023 to an estimated $3.66 billion in 2024. With a robust CAGR of 3.4%, the market size is further projected to reach $4.25 billion by 2028. The notable growth in this sector is attributed to an amalgamation of factors including heightened military conflicts, the need for modernization of artillery systems, and burgeoning geopolitical tensions across the globe. The growing adoption of precision-guided munitions and innovations in artillery platforms complement the upward trend in market evolution. Technological Innovations Spur Market Expansion The integration of advanced technologies and smart munitions into modern artillery is a pivotal factor propelling the market forward. These technological strides are n
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