The global artillery systems market size reached US$ 4.2 Billion in 2023. Looking forward, the market is expected to reach US$ 5.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2023-2032. The increasing defense budgets, technological advancements in weaponry, the rising need for modernized military equipment, and the growing demand for long-range precision strike capabilities are some of the major factors propelling the growth of the market.
For instance, in April 2024, the UK government announced the biggest strengthening of the UK’s national defense in a generation, with a fully funded plan to grow the defense budget to 2.5% of GDP by 2030. In line with this, governments are allocating substantial funds to modernize their armed forces, focusing on enhancing long-range strike capabilities and ensuring military readiness which in turn is expected to boost the artillery systems market growth over the coming years.
The enhancement of the CAESAR self-propelled howitzer's firing precision is now in the hands of Helsing AI, a leading startup specializing in artificial intelligence for military applications. These innovations are particularly important for minimizing collateral damage and improving operational effectiveness in complex environments, thereby creating a positive artillery systems market outlook.
For instance, in March 2024, states in Europe almost doubled their imports of major arms (+94%) between 2014-18 and 2019-23. Far larger volumes of arms flowed to Asia and Oceania and the Middle East in 2019-23, where nine of the 10 largest arms importers are. The United States increased its arms exports by 17% between 2014-18 and 2019-23, while Russia’s arms exports halved. Russia was for the first time the third largest arms exporter, falling just behind France.
The demand for Howitzers in the artillery systems market is driven by their versatility and effectiveness in modern warfare. Howitzers offer a unique combination of high mobility, long-range firepower, and the ability to deliver precision strikes, making them essential for both offensive and defensive operations. The increasing focus on network-centric warfare and the need for adaptable, responsive fire support in diverse combat environments further boost their demand.
Additionally, ongoing geopolitical tensions and military modernization programs are leading countries to invest in advanced Howitzer systems, enhancing their artillery capabilities and overall combat readiness. According to the artillery systems market forecast, these extensive investments will serve as a pivotal factor contributing to the overall market growth.
The demand for fire control systems in the market is driven by the need for precision targeting and improved accuracy in modern warfare. These systems integrate advanced sensors, AI, and real-time data processing, enabling more effective and timely responses. As militaries prioritize precision strikes and reduced collateral damage, fire control systems have become essential for optimizing artillery effectiveness.
The demand for robust chassis in artillery systems is fueled by the need for mobility and durability in diverse combat environments. A reliable chassis supports the heavy load of artillery components while ensuring stability and maneuverability. As modern warfare requires rapid deployment and adaptability across terrains, advanced chassis designs are critical for enhancing the operational effectiveness of artillery systems.
The demand for powerful engines in artillery systems is driven by the need for enhanced mobility and quick repositioning in combat scenarios. High-performance engines enable artillery units to move swiftly across varying terrains, ensuring they can provide timely support and evade counterattacks. As military operations increasingly require speed and flexibility, the role of reliable, efficient engines in artillery systems is crucial.
The demand for advanced gun turrets in artillery systems is driven by the need for greater firepower, precision, and adaptability in combat. Gun turrets enable rapid target acquisition, smooth firing operations, and the ability to engage multiple targets. As militaries seek to enhance their strike capabilities with modern, multi-functional artillery systems, the importance of innovative gun turret designs continues to grow which in turn is expected to drive the artillery systems demand.
The demand for small caliber artillery is driven by the need for lightweight, portable, and rapid-firing systems suitable for close-range support and urban warfare. These calibers are ideal for quick deployment and provide infantry units with essential firepower in confined or rapidly changing environments, where mobility and precision are critical for effective operations.
The demand for medium caliber artillery is fueled by the balance they offer between range, firepower, and mobility. These calibers are versatile, providing effective support in both offensive and defensive operations. Their adaptability across various combat scenarios makes them valuable for modern militaries seeking a flexible and responsive artillery option capable of engaging targets at intermediate distances.
The demand for heavy caliber artillery is driven by the need for long-range firepower and the ability to deliver devastating strikes against fortified positions. Heavy calibers are essential for strategic bombardments, providing deep penetration and extensive damage in high-intensity conflicts. As militaries focus on enhancing their long-range capabilities, the role of heavy caliber artillery becomes increasingly significant.
A detailed breakup and analysis of the market based on the range have also been provided in the report. This includes short-range, medium range, and long range. According to the report, short-range accounted for the largest market share.
The demand for short-range artillery in the market is driven by its effectiveness in close combat and urban warfare scenarios. Short-range systems provide quick, responsive fire support, essential for engaging targets at close distances where precision and speed are crucial. Their mobility and ease of deployment make them ideal for rapidly changing battlefields, particularly in confined environments like cities or rugged terrain. Additionally, short-range artillery is valued for its ability to provide immediate support to infantry units, enhancing their operational effectiveness during assaults or defensive operations. This versatility makes short-range systems a critical component in modern military strategies which is further boosting the artillery systems market growth.
The demand for artillery systems in aerospace and defense is driven by the need for advanced, precision-strike capabilities in modern warfare. These systems support military operations with enhanced firepower, range, and accuracy, crucial for maintaining air superiority and ground dominance. Additionally, ongoing global tensions and defense modernization programs are fueling investments in cutting-edge artillery technologies within this sector.
In homeland security, the demand for artillery systems is driven by the need to strengthen national defense capabilities and respond effectively to potential threats. These systems provide critical support for border protection, counter-terrorism efforts, and crisis management. The emphasis on safeguarding infrastructure and ensuring public safety has led to increased investment in versatile and rapid-response artillery solutions for homeland security operations.
The market in North America is primarily driven by increased defense spending, with the U.S. Department of Defense investing heavily in modernizing military capabilities. According to the Office of Management and Budget, the United States spent $820 billion on national defense during fiscal year (FY) 2023 which amounted to 13 percent of federal spending. Defense spending in 2023 was less than the average for the last decade, which was 15 percent of the budget.
Such spending indicates that lawmakers have prioritized national defense as a key part of our budget; indeed, the United States spends more on defense, relative to the size of its economy, than any other member of the G7 (a group of the world’s largest advanced economies, the members of which are shown in the chart below). This explainer looks at the components of the U.S. defense budget. The focus on developing next-generation artillery systems, including precision-guided munitions and automated platforms, is also significant, driven by the need for advanced strike capabilities.
Additionally, ongoing military engagements and the demand for maintaining a technological edge over potential adversaries propel continuous innovation and procurement in the region. The integration of AI and autonomous systems further enhances the operational effectiveness of artillery, thereby increasing the overall artillery systems market revenue across the region.
Artillery Systems Market Analysis:
- Major Market Drivers: The increasing defense budgets and a growing focus on modernizing military capabilities represent major drivers of the market growth. Countries are investing in advanced artillery systems to enhance their long-range strike capabilities and ensure readiness in response to evolving geopolitical tensions.
- Key Market Trends: The increasing integration of advanced technologies such as artificial intelligence (AI) and autonomous systems to improve targeting accuracy and operational efficiency represents the key trend of the market. The development of lightweight, mobile, artillery systems is gaining traction, enabling rapid deployment and maneuverability in diverse terrains. There is a growing emphasis on network-centric warfare, where artillery systems are integrated with other military assets for enhanced situational awareness and coordinated strikes.
- Geographical Trends: According to the artillery systems market overview, the North American region accounted for the largest region in the market across the globe. The increased defense spending, significant technological advancements, and the rising focus on modernizing military capabilities are driving the market growth. The region’s emphasis on precision strike capabilities, along with the development of next-generation systems, supports its defense strategies.
- Competitive Landscape: Some of the major market players in the artillery systems industry include 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, among many others.
- Challenges and Opportunities: Some of the key artillery systems market recent opportunities include the increasing demand for modernization and precision-guided munitions offering growth potential, particularly in regions prioritizing defense upgrades. In line with this, advancements in network-centric warfare and the development of mobile, lightweight artillery systems provide opportunities for innovation, enabling companies to cater to the evolving needs of modern militaries while addressing the challenges of cost and integration. However, the market also faces several challenges including high development and procurement costs, along with the complexity of integrating advanced technologies like AI and autonomous systems. In addition to this, geopolitical instability and fluctuating defense budgets can impact market stability and long-term planning.
Artillery Systems Market Trends:
Increasing Defense Budgets
The increased defense budgets across various nations are fueling investments in advanced military technologies, including artillery systems. According to industry reports, total global military expenditure reached $2.44 trillion in 2023, an increase of 6.8% in real terms from 2022. This was the steepest year-on-year increase since 2009. The 10 largest spenders in 2023 - led by the United States, China, and Russia - all increased their military spending.For instance, in April 2024, the UK government announced the biggest strengthening of the UK’s national defense in a generation, with a fully funded plan to grow the defense budget to 2.5% of GDP by 2030. In line with this, governments are allocating substantial funds to modernize their armed forces, focusing on enhancing long-range strike capabilities and ensuring military readiness which in turn is expected to boost the artillery systems market growth over the coming years.
Significant Technological Advancements
Technological advancements in precision-guided munitions, automation, and artificial intelligence (AI) are transforming artillery systems, making them more accurate, efficient, and adaptable to modern warfare scenarios. For instance, in January 2024, the French Ministry announced a coalition launch in Paris, highlighting that France is taking a significant leap in military technology.The enhancement of the CAESAR self-propelled howitzer's firing precision is now in the hands of Helsing AI, a leading startup specializing in artificial intelligence for military applications. These innovations are particularly important for minimizing collateral damage and improving operational effectiveness in complex environments, thereby creating a positive artillery systems market outlook.
Rising Geopolitical Tensions
The growing geopolitical tensions and regional conflicts are escalating the demand for robust artillery systems. Nations are prioritizing the development and acquisition of advanced artillery to strengthen their military capabilities and maintain strategic advantages in volatile regions. This need for enhanced defense systems is driving the continuous evolution and expansion of the artillery systems market globally.For instance, in March 2024, states in Europe almost doubled their imports of major arms (+94%) between 2014-18 and 2019-23. Far larger volumes of arms flowed to Asia and Oceania and the Middle East in 2019-23, where nine of the 10 largest arms importers are. The United States increased its arms exports by 17% between 2014-18 and 2019-23, while Russia’s arms exports halved. Russia was for the first time the third largest arms exporter, falling just behind France.
Artillery Systems Market Segmentation:
This report provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. The report has categorized the market based on type, component, caliber, range, and end user.Breakup by Type:
- Rocket
- Anti-Air
- Howitzer
- Mortar
- Others
Howitzers accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the type. This includes rocket, anti-air, howitzer, mortar, and others. According to the artillery systems market report, the howitzer represented the largest segment.The demand for Howitzers in the artillery systems market is driven by their versatility and effectiveness in modern warfare. Howitzers offer a unique combination of high mobility, long-range firepower, and the ability to deliver precision strikes, making them essential for both offensive and defensive operations. The increasing focus on network-centric warfare and the need for adaptable, responsive fire support in diverse combat environments further boost their demand.
Additionally, ongoing geopolitical tensions and military modernization programs are leading countries to invest in advanced Howitzer systems, enhancing their artillery capabilities and overall combat readiness. According to the artillery systems market forecast, these extensive investments will serve as a pivotal factor contributing to the overall market growth.
Breakup by Component:
- Fire Control System
- Chassis
- Engine
- Gun Turret
- Others
The demand for fire control systems in the market is driven by the need for precision targeting and improved accuracy in modern warfare. These systems integrate advanced sensors, AI, and real-time data processing, enabling more effective and timely responses. As militaries prioritize precision strikes and reduced collateral damage, fire control systems have become essential for optimizing artillery effectiveness.
The demand for robust chassis in artillery systems is fueled by the need for mobility and durability in diverse combat environments. A reliable chassis supports the heavy load of artillery components while ensuring stability and maneuverability. As modern warfare requires rapid deployment and adaptability across terrains, advanced chassis designs are critical for enhancing the operational effectiveness of artillery systems.
The demand for powerful engines in artillery systems is driven by the need for enhanced mobility and quick repositioning in combat scenarios. High-performance engines enable artillery units to move swiftly across varying terrains, ensuring they can provide timely support and evade counterattacks. As military operations increasingly require speed and flexibility, the role of reliable, efficient engines in artillery systems is crucial.
The demand for advanced gun turrets in artillery systems is driven by the need for greater firepower, precision, and adaptability in combat. Gun turrets enable rapid target acquisition, smooth firing operations, and the ability to engage multiple targets. As militaries seek to enhance their strike capabilities with modern, multi-functional artillery systems, the importance of innovative gun turret designs continues to grow which in turn is expected to drive the artillery systems demand.
Breakup by Caliber:
- Small
- Medium
- Heavy
The demand for small caliber artillery is driven by the need for lightweight, portable, and rapid-firing systems suitable for close-range support and urban warfare. These calibers are ideal for quick deployment and provide infantry units with essential firepower in confined or rapidly changing environments, where mobility and precision are critical for effective operations.
The demand for medium caliber artillery is fueled by the balance they offer between range, firepower, and mobility. These calibers are versatile, providing effective support in both offensive and defensive operations. Their adaptability across various combat scenarios makes them valuable for modern militaries seeking a flexible and responsive artillery option capable of engaging targets at intermediate distances.
The demand for heavy caliber artillery is driven by the need for long-range firepower and the ability to deliver devastating strikes against fortified positions. Heavy calibers are essential for strategic bombardments, providing deep penetration and extensive damage in high-intensity conflicts. As militaries focus on enhancing their long-range capabilities, the role of heavy caliber artillery becomes increasingly significant.
Breakup by Range:
- Short-range
- Medium range
- Long-range
A detailed breakup and analysis of the market based on the range have also been provided in the report. This includes short-range, medium range, and long range. According to the report, short-range accounted for the largest market share.
The demand for short-range artillery in the market is driven by its effectiveness in close combat and urban warfare scenarios. Short-range systems provide quick, responsive fire support, essential for engaging targets at close distances where precision and speed are crucial. Their mobility and ease of deployment make them ideal for rapidly changing battlefields, particularly in confined environments like cities or rugged terrain. Additionally, short-range artillery is valued for its ability to provide immediate support to infantry units, enhancing their operational effectiveness during assaults or defensive operations. This versatility makes short-range systems a critical component in modern military strategies which is further boosting the artillery systems market growth.
Breakup by End User:
- Aerospace and Defense
- Homeland Security
The demand for artillery systems in aerospace and defense is driven by the need for advanced, precision-strike capabilities in modern warfare. These systems support military operations with enhanced firepower, range, and accuracy, crucial for maintaining air superiority and ground dominance. Additionally, ongoing global tensions and defense modernization programs are fueling investments in cutting-edge artillery technologies within this sector.
In homeland security, the demand for artillery systems is driven by the need to strengthen national defense capabilities and respond effectively to potential threats. These systems provide critical support for border protection, counter-terrorism efforts, and crisis management. The emphasis on safeguarding infrastructure and ensuring public safety has led to increased investment in versatile and rapid-response artillery solutions for homeland security operations.
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
North America leads the market, accounting for the largest artillery systems market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for artillery systems.The market in North America is primarily driven by increased defense spending, with the U.S. Department of Defense investing heavily in modernizing military capabilities. According to the Office of Management and Budget, the United States spent $820 billion on national defense during fiscal year (FY) 2023 which amounted to 13 percent of federal spending. Defense spending in 2023 was less than the average for the last decade, which was 15 percent of the budget.
Such spending indicates that lawmakers have prioritized national defense as a key part of our budget; indeed, the United States spends more on defense, relative to the size of its economy, than any other member of the G7 (a group of the world’s largest advanced economies, the members of which are shown in the chart below). This explainer looks at the components of the U.S. defense budget. The focus on developing next-generation artillery systems, including precision-guided munitions and automated platforms, is also significant, driven by the need for advanced strike capabilities.
Additionally, ongoing military engagements and the demand for maintaining a technological edge over potential adversaries propel continuous innovation and procurement in the region. The integration of AI and autonomous systems further enhances the operational effectiveness of artillery, thereby increasing the overall artillery systems market revenue across the region.
Competitive Landscape:
- The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the artillery systems industry include 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.
- The market for artillery systems is highly competitive, with key players including BAE Systems, Lockheed Martin, General Dynamics, and Rheinmetall AG. These artillery systems companies focus on innovation, offering advanced technologies like precision-guided munitions, automation, and AI integration. Strategic partnerships, mergers, and acquisitions are common as firms seek to expand their portfolios and global reach. For instance, in December 2023, BAE Systems, Babcock and Rheinmetall BAE Systems Land (RBSL) joined forces to offer the ARCHER wheeled mobile artillery system to the UK Ministry of Defence (MoD) as the replacement for the legacy AS90. The ARCHER Artillery Alliance will offer a proven, advanced technology system, which presents the lowest risk solution for the Mobile Fires Platform (MFP) program, as the UK aims to modernize its 155mm capabilities. The three companies, each with a well-established supply chain in the UK, plan to work with other UK businesses as plans progress. Some of the key artillery systems market recent developments further include emerging regional players, particularly in Asia and the Middle East, intensifying competition and driving further technological advancements in the market.
Artillery Systems Market News:
- In February 2024, Milanion NTGS and Avibras Indústria Aeroespacial announced partnership to develop and manufacture advanced defense equipment, offering important capabilities and innovative solutions to the Kingdom of Saudi Arabia (KSA) and the region. The two companies have participated together at the World Defence Show 2024 (WDS 24), a specialized defense exhibition in Riyadh, Saudi Arabia, from February 4th to 8th, in Hall 1, stand F5.
- In May 2024, KNDS Deutschland and General Dynamics European Land Systems (GDELS) presented an AGM on the Piranha Heavy Mission Carrier at this year's Future Artillery Conference in Paris. The jointly developed solution combines the fully automated, unmanned 155 mm (cal. 52) artillery gun module (AGM) from KNDS Deutschland with the recently introduced PIRANHA HMC from GDELS.
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 are the drivers, restraints, and opportunities in the global artillery systems market?
- What is the impact of each driver, restraint, and opportunity on the global artillery systems market?
- What are the key regional markets?
- Which countries represent the most attractive artillery systems market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the artillery systems market?
- What is the breakup of the market based on the component?
- Which is the most attractive component in the artillery systems market?
- What is the breakup of the market based on the caliber?
- Which is the most attractive caliber in the artillery systems market?
- What is the breakup of the market based on the range?
- Which is the most attractive range in the artillery systems market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the artillery systems market?
- What is the competitive structure of the market?
- Who are the key players/companies in the global artillery systems market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Artillery Systems Market
6 Market Breakup by Type
7 Market Breakup by Component
8 Market Breakup by Caliber
9 Market Breakup by Range
10 Market Breakup by End User
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | September 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 4.2 Billion |
| Forecasted Market Value ( USD | $ 5.7 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
