Artillery Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Artillery Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global artillery systems market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.70% during 2022-2028.

Artillery systems are weapons and arms used by military forces for high strategic and tactical mobility. Mortars, multiple launch rocket systems (MLRS), howitzers, air defense guns, man-portable air-defense systems (MANPADS) and rocket artillery are some commonly used artillery systems. They are used for providing fire support to the arms in combat, attacking targets and neutralizing gun emplacements of the enemy forces. In comparison to the traditionally used artillery weapons, artillery systems offer enhanced accuracy, precise firepower, rapid response and reduced reload time. As a result, they are extensively used across military and defense industries.

Artillery Systems Market Trends:
An alarming increase in armed conflicts, violence and terrorism across the globe is one of the key factors driving the growth of the market. Artillery systems are widely adopted to improve national security and provide protection against fast-moving objects. These systems are also utilized by land, air and naval forces during training for war. Moreover, the increasing adoption of the single barrel weapon system is providing a thrust to the market growth. These systems are lighter, cost-effective and can fire rapid successive shots. Additionally, various product innovations, such as the development of mobile, lightweight and self-propelled artillery systems, are favoring the market growth. They are used for long-range indirect fire support on the battlefield and can be brought into action much faster. In line with this, the increasing demand for howitzers in place of field guns and cannons to attack targets using indirect and direct fire is positively impacting the market growth. Other factors, including the increasing demand for advanced weapon machinery by ground defense services, along with rising defense expenditures, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global artillery systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component, caliber, range and end user.

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
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Singapore Technologies Engineering.

Key Questions Answered in This Report:
How has the global artillery systems market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global artillery systems market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the component?
What is the breakup of the market based on the caliber?
What is the breakup of the market based on the range?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global artillery systems market and who are the key players?
What is the degree of competition in the industry?