Global Artillery Systems Market Size By Type (Howitzer, Mortar, Rocket, Anti-air), By Range (Large Range, Medium Range, Short Range), By Caliber (Heavy Caliber, Medium Caliber, Small Caliber), By Geographic Scope And Forecast

Artillery Systems Market Size And Forecast

Artillery Systems Market size was valued at USD 13.45 Billion in 2022 and is projected to reach USD 21.32 Billion by 2030, growing at a CAGR of 6.80 % from 2023 to 2030.

Okay, so the Global Artillery Systems Market is booming, and here's whyCountries are throwing more money at defense, especially in developing nations where they're beefing up their infrastructure and wanting fancier artillery systems. Think weapon upgrades, modern ammo, and a general desire for super-smart defense tech. This stuff is making the market grow like crazy! Plus, emerging countries are doing their own research and development in defense, which adds even more fuel to the fire. And let's not forget that the way wars are fought is changing, which is also pushing the market upwards. Want the lowdown? The Global Artillery Systems Market report gives you the whole picture – the key parts, trends, what's driving it, what's holding it back, who the big players are, and everything else that really matters.

Global Artillery Systems Market Definition

Artillery Systems are an essential part of any defense system. Various countries focus on gaining a strong and established position in the world regarding defense infrastructure. Artillery Systems can fire multiple shots, with the first directly on the target and other images fired with less power to increase the damage by covering more area. Due to the emergence of technology, it is now possible to target multiple and dominating targets with precision increasing the damage and destruction of the targeted area.

The rising preference for a single-system weapon that can fire heavy and impactful shots has surged the demand for Artillery Systems. Artillery Systems are specially designed for high and short-range military armaments. The main objective of creating these products is to launch ammunition from a safe distance.

These systems are extensively used in crucial military and war operations. Apart from this, Artillery Systems are also considered the most lethal when destroying and hitting the target. They are inexpensive and are employed in various army bases. The purchase, maintenance, advancements, and other activities are handled by units managing Artillery Systems.

Global Artillery Systems Market Overview

Natural and geographical factor challenges the reach of humans and vehicles on the battlefield. This has developed a need for a defense weapon that increases the chance to regulate munitions at a long distance, with speed, and without damaging the person carrying it. An artillery system combines technologically behaved, accessible, mobile artillery canons that can devastate long-range targets. The rising competition between developing and developed nations to sustain the dominant position drives the global market to grow. Furthermore, constant focus on making defense systems powerful is a significant factor contributing to the growth of the global Artillery Systems market.

Moreover, increasing the requirement for mobile and long-range weapons for war zones is also a significant growth factor. Governments of every nation today are spending a lucrative investment on defense advancements, which is also a critical factor in helping the global Artillery Systems Market expand. Next-generation technologies and research and development efforts for defense are surging in nations. Countries are openly researching and testing various new systems and equipment for defense operations. This also supports the global market.

Global Artillery Systems Market Segmentation Analysis

The Global Artillery Systems Market is segmented based on Type, Range, Caliber, and Geography.

Artillery Systems Market, By Type

• Howitzer
• Mortar
• Rocket
• Anti-air
• Others

Based on Type, the global Artillery Systems Market is categorized into Howitzer, Mortar, Rocket, Anti-air, and Other. The Howitzer segment is expected to gain momentum in the forecast years. Howitzer is easy to use and handle and has a low maintenance cost which is why it is the leading type segment in the global market.

Artillery Systems Market, By Range

• Large Range
• Medium Range
• Short Range

Based on Range, the global Artillery Systems market is categorized into Large Range, Medium Range, and Short Range. The rising demand for machinery that is easy to launch assembly for moderately destructive munitions has helped medium range to lead the range segment of the Global Artillery Systems Market in the forecasted timeline.

Artillery Systems Market, By Caliber

• Heavy Caliber
• Medium Caliber
• Small Caliber

Based on Caliber, the global Artillery Systems market is bifurcated into Heavy, Medium, and Small caliber. The medium-caliber segment is anticipated to lead the by-caliber part. The reason for the growth is the easy mobility and usage in the battleground.

Artillery Systems Market, By Geography

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

Based on Regional Analysis, The global Artillery Systems market is bifurcated into regions based on North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Asia Pacific is estimated to gain a high growth rate within the forecast period. The sudden rise in tensions between countries in the Asia Pacific could be a reason for the demand for advanced Artillery Systems. Furthermore, increasing investment by countries like India and China in defense infrastructure also supports the region’s growth.

Key Players

The “Global Artillery Systems Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Raytheon Technologies Corporation, BAE Systems, Lockheed Martin Corporation, General Dynamics, Leonardo S.p.A, Nexter Group, ST Engineering, and Hanwha Group. 

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In September 2020, Lockheed Martin was rewarded with a multi-million collaboration with the US Army to produce and provide complete high-mobility artillery rocket system launchers and other equipment the delivery of materials commenced in 2022.
• In October 2021, Rheinmetall attained a new order to supply 155mm illumination and obscurant artillery shells for the Netherlands. The Netherlands will receive the materials in mid-2023.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into Active, Cutting Edge, Emerging, and Innovators categories.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Artillery Systems Market. We cover the major impacting factors driving the industry growth in the given region.

Porter Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Artillery Systems Market, gauge a particular sector’s attractiveness, and evaluate investment possibilities.

Report Scope

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Reasons to Purchase this Report

We'll dig into the market using both numbers and a feel for what's happening, breaking it down by different groups of customers considering both economic and non-economic things. You'll get market size data in USD Billion for every segment we identify. We'll also point out which region and customer group we think will grow the fastest and be the biggest. Our analysis will cover different geographies, showing where the product/service is being used the most and what's influencing the market in each of those areas. We'll explore the competitive scene, ranking the big players and looking at their latest product launches, partnerships, expansions, and acquisitions over the last five years, including detailed profiles with overviews, insights, product comparisons, and SWOT analysis. We'll give you our view of where the market is now and where it's headed, considering recent happenings, growth possibilities, what's driving it, and what's holding it back in both new and established markets. We'll also give you a deep dive using Porter's five forces analysis, understand the Value Chain, and assess the market dynamics, highlighting future growth opportunities. Plus, you'll get 6 months of analyst support after you purchase.

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