What Has Been The Evolution of the Artillery Systems Market in Recent Years?
The artillery systems market has seen considerable growth due to a variety of factors.
• There has been a notable increase in the size of the artillery systems market in the past few years. This market is projected to expand from $11.01 billion in 2024 to $11.88 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.9%.
Factors that contributed to this growth during the historical period include increased demand for counter-drone artillery solutions and long-range artillery, developments in indirect fire support systems, as well as the emergence of urbanization and conflicts within large cities.
What Are the Future Growth Projections for the Artillery Systems Market?
The artillery systems market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the artillery systems market size is predicted to witness robust expansion, reaching $15.23 billion in 2029, with a compound annual growth rate (CAGR) of 6.4%.
This anticipated growth during the forecast period is largely attributed to factors such as a surge in global defense expenditure, escalating threats of military conflicts, increasing geopolitical tensions, a growing requirement for counter-drone artillery alternatives, a heightened focus on military upgrade, and an emphasis on sustainable and fuel-efficient solutions. Key anticipated trends encompass the integration of artificial intelligence in artillery systems, a move towards network-centric warfare, the inclusion of electronic warfare capabilities, strategic alliances, and the integration of anti-jamming functionalities in artillery systems.
What Are The Core Factors Supporting Growth In The Artillery Systems Market?
The escalation in potential armed conflict threats is predicted to fuel the expansion of the artillery systems market in the future. Armed conflicts imply an organized state of violence involving at least two parties, such as nations, non-state entities, or intra-state factions using armed forces to settle disputes. The intricate and interlinked nature of global dilemmas allied with geopolitical competitions, regional instabilities, and societal tensions, leads to the belief that armed conflict threats are escalating. Artillery systems, with their flexibility and efficacy, have the capacity to shape the battlefield, assist ground operations, and sway the outcomes of these conflicts. For example, the Armed Conflict Location and Event Data Project (ACLED), a non-governmental organization based in the US, reported in January 2024, a 12% increase in conflict events in 2023 compared to 2022. Consequently, the increasing threats of armed conflict are anticipated to stimulate the artillery systems market.
What Are The Major Segments Within The Global Artillery Systems Market?
The artillery systems market covered in this report is segmented –
1) By Type: Howitzer, Mortar, Anti-Air Artillery, Rocket Artillery, Other Types
2) By Caliber: Small, Medium, Heavy
3) By Range: Short Range (5-30 Kilometer), Medium Range (31-60 Kilometer), Long Range (Above 60 Kilometer)
4) By End User: Aerospace And Defense, Homeland Security
Subsegments:
1) By Howitzer: Towed Howitzers, Self-Propelled Howitzers, Light Howitzers
2) By Mortar: Towed Mortars, Self-Propelled Mortars, Hand-Held Mortars
3) By Anti-Air Artillery: Small Caliber Anti-Aircraft Guns, Medium Caliber Anti-Aircraft Guns, Large Caliber Anti-Aircraft Guns
4) By Rocket Artillery: Multiple Launch Rocket Systems (MLRS), Tactical Rocket Systems, Long-Range Rocket Systems
5) By Other Types: Coastal Artillery, Naval Artillery, Rail Guns
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What Emerging Trends Are Influencing The Growth Of The Artillery Systems Market?
Many leading corporations in the artillery systems market are directing their efforts towards creating technologically superior products like automated truck-mounted howitzers. The focus is to boost mobility, firepower, and operational efficiency in military environments. Such an evolved artillery system includes a howitzer mounted on a truck chassis which enhances flexibility and enables swift deployment during combat. For instance, China North Industries Group Corporation Limited (Norinco), a company predominantly engaged in manufacturing defense and military tech based in China, introduced a fresh truck-mounted howitzer in February 2024. The new system, showcasing a high level of automation, merges a 6x6 truck chassis with an unmanned 155mm L/52 howitzer enclosed in a turret. The upgraded platform assimilates the well-known 14-ton SH16 unmanned turret onto a 6x6 truck chassis. Possessing a combat weight of 32 tons (equivalent to 70,000 pounds), the system's stability while firing is secured by an earth spade positioned at the back. The operations of the system require just two crew members shielded in an armored cabin.
Who Are the Key Players In The Artillery Systems Market?
Major companies operating in the artillery systems market are:
• China North Industries Corporation (NORINCO)
• Raytheon Technologies Corporation
• Lockheed Martin Corporation
• Hanwha Corporation
• General Dynamics Corporation
• Northrop Grumman Corporation
• BAE Systems
• Thales Group
• Leonardo S.p.A.
• ST Engineering
• Singapore Technologies Engineering Ltd.
• Science Applications International Corporation
• Rheinmetall AG
• Serco Group plc
• Elbit Systems Ltd.
• Israel Aerospace Industries Ltd.
• Saab AB
• Bharat Forge Limited
• Kongsberg Defence & Aerospace AS
• KMW+Nexter Defense Systems N.V.
• ASELSAN A.S.
• Hyundai Rotem Company
• CMI Defence LLC.
• Cockerill Maintenance & Ingénierie
• Nexter Group
• Denel SOC Ltd.
What Is The Most Dominant Region In The Artillery Systems Market?
North America was the largest region in the artillery systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artillery systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
