According to the latest report by IMARC Group, titled “Artillery Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ The global artillery systems market reached a value of US$ 3.91 Billion in 2021. Artillery systems are heavy military-ranged weapons, extensively deployed for launching munitions and close supporting fire to retaliate and neutralize combatants on the battlefield. They are further utilized for tracking and locating a target out of its line of sight. The artillery systems are developed with the blend of artillery, target acquisition, communication and command and control systems. At present, artillery systems can be differentiated into anti-air, rocket, naval, coastal, mortar and howitzer artillery systems.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Artillery Systems Market Trends:
Numerous initiatives undertaken by the governments of various nations in order to fortify the military and defense sector are majorly driving the artillery systems market growth. This can be attributed to the increasing geospatial tensions between several countries and military organizations, which has consequently created a significant need for an efficient and strong defense industry. Apart from this, increasing investments in research and development (R&D) activities for developing smart and upgraded artillery systems is propelling the market growth. Other factors, such as the widespread adoption of military modernization programs, the rising demand for long-range fire support and extensive utilization of automated artillery firing systems, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 4.95 Billion by 2027, exhibiting at a CAGR of 3.8% during 2022-2027.
Competitive Landscape:
- Avibras Industria Aeroespacial
- BAE Systems plc
- Denel Soc Ltd
- Elbit Systems Ltd.
- General Dynamics Corporation
- Hanwha Group
- Leonardo SpA
- Lockheed Martin Corporation
- Nexter group KNDS
- Rostec
- RUAG Holding
- Singapore Technologies Engineering.
Key Market Segmentation:
Breakup by Type:
- Rocket
- Anti-air
- Howitzer
- Mortar
- Others
Breakup by Component:
- Fire Control System
- Chassis
- Engine
- Gun Turret
- Others
Breakup by Caliber:
- Small
- Medium
- Heavy
Breakup by Range:
- Short-range
- Medium range
- Long-range
Breakup by End User:
- Aerospace and Defense
- Homeland Security
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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