Artillery Systems Market Size and Trend Analysis Including Segments, Programs, Competitive Landscape and Forecast to 2033

Explore actionable market insights from the following data in our ‘Artillery Systems Market’ report:

• Market Size and Drivers: Detailed analysis during 2023-2033, including the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.
• Recent Developments and Industry Challenges: Insights into technological developments and a detailed analysis of the existing artillery projects being executed and planned worldwide. It also provides trends of the changing industry structure and the challenges faced by industry participants.
• Regional Highlights: Study of the key markets in each region, providing an analysis of the key segments that are expected to be in demand.
• Major Programs: Details of the key programs in each segment, which are expected to be executed during 2023-2033.
• Competitive Landscape and Strategic Insights: Analysis of the competitive landscape of the global artillery systems market. It provides an overview of key players, their strategic initiatives, and financial analysis.

How is the ‘Artillery Systems Market’ report different from other reports in the market?

• Determine prospective investment areas based on a detailed trend analysis of the global artillery systems over the next ten years
• Gain an in-depth understanding of the underlying factors driving demand for different artillery systems segments in the top spending countries across the world and identify the opportunities offered by each of them
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
• Identify the major channels that are driving the global artillery systems market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion
• Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global artillery systems market
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top artillery systems solution providers around the world. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available

We recommend this valuable source of information to anyone involved in:

• Defence Startups /Original Equipment Manufacturers (OEMs),
• Defence planners/Artillery Systems Integrators
• Investment firms/Banks/Venture Capital Firms
• Academica/Government Agencies

The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements and utilize the project details, growth rate, and market size to identify and fund high potential startups.

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Artillery Systems Market Overview

The artillery systems market size is valued at $11.2 billion in 2023 and is expected to grow at a CAGR of more than 3% during 2023-2033. One of the key drivers in the segment can be attributed to the multiple naval modernization plans taking place around the world. This modernization plan has resulted in the procurement of advanced towed artillery and self-propelled artillery systems by the land forces for enhancing their strike capabilities.

Artillery Systems Market Outlook, 2023-2033 ($ billion)

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The artillery systems market research report covers industry analysis, including the key market drivers, trends, emerging technologies, and major challenges faced by industry participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for the artillery systems market over the forecast period.

Artillery Systems Market Dynamics

Land warfare techniques have undergone significant changes over the past decade due to the rise of technologically improved threats, thereby requiring militaries to employ newer artillery systems to neutralize these emerging challenges. In addition, the demand for artillery systems is also anticipated to be driven by the ongoing territorial and border conflicts in several regions, including Asia-Pacific, Europe, the Middle East, and Africa. There is a growing demand for procurement of advanced long range and high precision artillery and multiple launch rocket system for enhanced attack capabilities. Furthermore, the modernization initiatives by major military powers such as the US, India, China, and Russia are anticipated to drive the artillery systems market over the coming years.

Artillery Systems Market Segments

The key segments in the artillery systems market are self-propelled artillery systems, multiple rocket launch systems, towed artillery systems, naval guns, mortar systems, and CIWS. The self-propelled artillery segment is anticipated to be the largest segment between 2023 and 2033. Heavy investment for the procurement of self-propelled artillery systems by some of major countries in Europe, Asia-pacific, and Middle East regions is anticipated to drive market growth over the forecast period.

Artillery Systems Market Analysis by Segments, 2023-2033 (%)

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Artillery Systems Market Segmentation by Regions

The key regions in the artillery systems market are Asia-Pacific, North America, Europe, the Middle East, Africa, and Latin America. The Asia-Pacific region is expected to dominate the global artillery systems market from 2023 to 2033.

Geopolitical tensions across the region, along with territorial disputes, have prompted a surge in the procurement of several new artillery systems by the countries in the region. China’s dominance is attributed to its ongoing programs, such as the PGL-625 self- propelled artillery systems, the PHL-16 multiple rocket launch systems, and the PHL-11 multiple rocket launch systems. The high procurement can be attributed to China military modernization initiatives to establish itself as the dominant military force in the region. India is the second largest procurer of the artillery system and has several high-value ongoing programs, with the latest procurement of one of the most advanced indigenously developed towed artillery systems, ‘ATAGS’.

Artillery Systems Market Analysis by Regions, 2023-2023 (%)

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Artillery Systems Market - Competitive Landscape

Some of the leading companies in the artillery systems market are Lockheed Martin Corp, Hanwha Corp, China North Industries Group Corp Ltd, Rostec Corp, and China South Industries Group Corp among others.

China North Industries Group Corp is expected to be a leading player in the Asia-Pacific region owing to several contracts for systems including PHL-16 370mm, PHL-11 122mm MRLS, PCL-181 155mm, PLZ-05 155mm, and SH-15 155mm self-propelled artillery systems mainly from China.

Artillery Systems Market Analysis by Players, 2023-2033 (%)

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Segments Covered in the Report

Artillery Systems Market Segments Outlook (Value, $ Billion, 2023-2033)

• Self-propelled Artillery Systems
• Multiple Rocket Launch Systems
• Towed Artillery Systems
• Naval Guns
• Mortar Systems
• CIWS

Artillery Systems Market Regional Outlook (Value, $ Billion, 2023-2033)

• Asia-Pacific
• North America
• Europe
• Middle East
• Africa
• Latin America