The artillery systems market size has grown strongly in recent years. It will grow from $10.18 billion in 2023 to $11.01 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. Historical growth in this sector can be attributed to several factors. These include the expansion of indirect fire support systems, increasing demand for counter-drone artillery solutions, a rise in the need for long-range artillery capabilities, and the effects of urbanization and conflicts in megacities.
The artillery systems market size is expected to see strong growth in the next few years. It will grow to $14.33 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The projected growth in the forecast period can be attributed to several key factors. These include the upward trajectory of global defense spending, heightened concerns regarding armed conflicts, escalating geopolitical tensions, a growing demand for counter-drone artillery solutions, a heightened emphasis on military modernization efforts, and a greater focus on sustainability and fuel efficiency within the defense sector. Key trends anticipated in this period include the integration of artificial intelligence into artillery systems, a shift towards network-centric warfare strategies, the incorporation of electronic warfare capabilities, strategic partnerships among defense stakeholders, and the integration of anti-jamming features into artillery systems.
The escalating threats of armed conflict are anticipated to drive the growth of the artillery systems market in the coming years. Armed conflict denotes a state of organized violence involving armed forces or factions, aimed at resolving disputes through the use of military force. The increasing complexity and interconnectivity of global challenges, coupled with geopolitical tensions, regional instabilities, and societal unrest, contribute to the perception that the risks of armed conflict are mounting. Artillery systems, recognized for their versatility and effectiveness, play a crucial role in shaping the battlefield, supporting ground operations, and influencing the outcomes of armed conflicts. For instance, according to the Armed Conflict Location and Event Data Project (ACLED), conflict events surged by over 40% from 2020 to 2023, with a 12% increase recorded in 2023 compared to 2022. Additionally, fatalities and conflict events in 2023 witnessed a respective rise of 14% and 28%. Consequently, the escalating threats of armed conflict are poised to propel the artillery systems market forward.
Prominent companies operating in the artillery systems market are directing their efforts towards the development of technologically advanced products, such as automatic truck-mounted howitzers, to enhance mobility, firepower, and operational efficiency in military environments. These self-propelled artillery systems feature the integration of a howitzer onto a truck chassis, enabling swift mobility and deployment on the battlefield. For example, in February 2024, China North Industries Group Corporation Limited (Norinco), a China-based defense and military technology manufacturer, unveiled a new truck-mounted howitzer. This innovative system boasts a highly automated design, housing a 155mm L/52 howitzer within an unmanned turret mounted on a 6x6 truck chassis. Equipped with the familiar 14-ton SH16 unmanned turret, the platform ensures stability during firing through an earth spade positioned at the rear, despite its combat weight of 32 tons (equivalent to 70,000 pounds). Operated by merely two crew members within an armored cab, this advanced system represents a significant advancement in modern artillery technology.
In August 2023, Rheinmetall AG, a Germany-based company at the forefront of defense and automotive technology, successfully acquired Expal Systems S.A.U. for a significant $1.3 billion. Following the acquisition, the entity will now operate under the name Rheinmetall Expal Munitions. This strategic move positions Rheinmetall to fulfill substantial ammunition supply contracts previously secured. Expal Systems S.A.U., headquartered in Spain, is a distinguished defense company specializing in the production of artillery ammunition, mortars, medium-caliber rounds, fuzes, and rocket propulsion systems tailored for defense applications.
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.Ş., Hyundai Rotem Company, CMI Defence LLC., Cockerill Maintenance & Ingénierie, Nexter Group, Denel SOC Ltd.
North America was the largest region in the artillery systems market in 2023. 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. The countries covered in the artillery systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Artillery systems encompass a range of military equipment designed specifically for artillery use, employing large-caliber guns or cannons to propel projectiles across extended distances. These systems comprise various types of artillery, including howitzers, cannons, and rocket launchers, with variations in size, range, and firepower, spanning from compact mortars to sizable installations.
Key categories of artillery systems include howitzers, mortars, anti-aircraft artillery, rocket artillery, and others. Howitzers, distinguished by their relatively short barrel length and high firing angle, are utilized for indirect fire support against targets such as enemy troops, fortified positions, and armored vehicles. Categorized by caliber and range, artillery systems are classified as small, medium, or heavy, with ranges delineated as short (5-30 kilometers), medium (31-60 kilometers), and long (above 60 kilometers). End users of these systems include aerospace and defense sectors, as well as homeland security agencies.
The artillery systems research report is one of a series of new reports that provides artillery systems market statistics, including the artillery systems industry's global market size, regional shares, competitors with an artillery systems market share, detailed artillery systems market segments, market trends and opportunities, and any further data you may need to thrive in the artillery systems industry. This artillery systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The artillery systems market consists of sales of artillery systems, including cannons, multiple launch rocket systems (MLRS), air defense artillery, and self-propelled artillery, along with associated ammunition and equipment. Values in this market are 'factory gate' values, encompassing the total value of goods sold by manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The artillery systems market size is expected to see strong growth in the next few years. It will grow to $14.33 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The projected growth in the forecast period can be attributed to several key factors. These include the upward trajectory of global defense spending, heightened concerns regarding armed conflicts, escalating geopolitical tensions, a growing demand for counter-drone artillery solutions, a heightened emphasis on military modernization efforts, and a greater focus on sustainability and fuel efficiency within the defense sector. Key trends anticipated in this period include the integration of artificial intelligence into artillery systems, a shift towards network-centric warfare strategies, the incorporation of electronic warfare capabilities, strategic partnerships among defense stakeholders, and the integration of anti-jamming features into artillery systems.
The escalating threats of armed conflict are anticipated to drive the growth of the artillery systems market in the coming years. Armed conflict denotes a state of organized violence involving armed forces or factions, aimed at resolving disputes through the use of military force. The increasing complexity and interconnectivity of global challenges, coupled with geopolitical tensions, regional instabilities, and societal unrest, contribute to the perception that the risks of armed conflict are mounting. Artillery systems, recognized for their versatility and effectiveness, play a crucial role in shaping the battlefield, supporting ground operations, and influencing the outcomes of armed conflicts. For instance, according to the Armed Conflict Location and Event Data Project (ACLED), conflict events surged by over 40% from 2020 to 2023, with a 12% increase recorded in 2023 compared to 2022. Additionally, fatalities and conflict events in 2023 witnessed a respective rise of 14% and 28%. Consequently, the escalating threats of armed conflict are poised to propel the artillery systems market forward.
Prominent companies operating in the artillery systems market are directing their efforts towards the development of technologically advanced products, such as automatic truck-mounted howitzers, to enhance mobility, firepower, and operational efficiency in military environments. These self-propelled artillery systems feature the integration of a howitzer onto a truck chassis, enabling swift mobility and deployment on the battlefield. For example, in February 2024, China North Industries Group Corporation Limited (Norinco), a China-based defense and military technology manufacturer, unveiled a new truck-mounted howitzer. This innovative system boasts a highly automated design, housing a 155mm L/52 howitzer within an unmanned turret mounted on a 6x6 truck chassis. Equipped with the familiar 14-ton SH16 unmanned turret, the platform ensures stability during firing through an earth spade positioned at the rear, despite its combat weight of 32 tons (equivalent to 70,000 pounds). Operated by merely two crew members within an armored cab, this advanced system represents a significant advancement in modern artillery technology.
In August 2023, Rheinmetall AG, a Germany-based company at the forefront of defense and automotive technology, successfully acquired Expal Systems S.A.U. for a significant $1.3 billion. Following the acquisition, the entity will now operate under the name Rheinmetall Expal Munitions. This strategic move positions Rheinmetall to fulfill substantial ammunition supply contracts previously secured. Expal Systems S.A.U., headquartered in Spain, is a distinguished defense company specializing in the production of artillery ammunition, mortars, medium-caliber rounds, fuzes, and rocket propulsion systems tailored for defense applications.
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.Ş., Hyundai Rotem Company, CMI Defence LLC., Cockerill Maintenance & Ingénierie, Nexter Group, Denel SOC Ltd.
North America was the largest region in the artillery systems market in 2023. 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. The countries covered in the artillery systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Artillery systems encompass a range of military equipment designed specifically for artillery use, employing large-caliber guns or cannons to propel projectiles across extended distances. These systems comprise various types of artillery, including howitzers, cannons, and rocket launchers, with variations in size, range, and firepower, spanning from compact mortars to sizable installations.
Key categories of artillery systems include howitzers, mortars, anti-aircraft artillery, rocket artillery, and others. Howitzers, distinguished by their relatively short barrel length and high firing angle, are utilized for indirect fire support against targets such as enemy troops, fortified positions, and armored vehicles. Categorized by caliber and range, artillery systems are classified as small, medium, or heavy, with ranges delineated as short (5-30 kilometers), medium (31-60 kilometers), and long (above 60 kilometers). End users of these systems include aerospace and defense sectors, as well as homeland security agencies.
The artillery systems research report is one of a series of new reports that provides artillery systems market statistics, including the artillery systems industry's global market size, regional shares, competitors with an artillery systems market share, detailed artillery systems market segments, market trends and opportunities, and any further data you may need to thrive in the artillery systems industry. This artillery systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The artillery systems market consists of sales of artillery systems, including cannons, multiple launch rocket systems (MLRS), air defense artillery, and self-propelled artillery, along with associated ammunition and equipment. Values in this market are 'factory gate' values, encompassing the total value of goods sold by manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Artillery Systems Market Characteristics3. Artillery Systems Market Trends and Strategies32. Global Artillery Systems Market Competitive Benchmarking33. Global Artillery Systems Market Competitive Dashboard34. Key Mergers and Acquisitions in the Artillery Systems Market
4. Artillery Systems Market - Macro Economic Scenario
5. Global Artillery Systems Market Size and Growth
6. Artillery Systems Market Segmentation
7. Artillery Systems Market Regional and Country Analysis
8. Asia-Pacific Artillery Systems Market
9. China Artillery Systems Market
10. India Artillery Systems Market
11. Japan Artillery Systems Market
12. Australia Artillery Systems Market
13. Indonesia Artillery Systems Market
14. South Korea Artillery Systems Market
15. Western Europe Artillery Systems Market
16. UK Artillery Systems Market
17. Germany Artillery Systems Market
18. France Artillery Systems Market
19. Italy Artillery Systems Market
20. Spain Artillery Systems Market
21. Eastern Europe Artillery Systems Market
22. Russia Artillery Systems Market
23. North America Artillery Systems Market
24. USA Artillery Systems Market
25. Canada Artillery Systems Market
26. South America Artillery Systems Market
27. Brazil Artillery Systems Market
28. Middle East Artillery Systems Market
29. Africa Artillery Systems Market
30. Artillery Systems Market Competitive Landscape and Company Profiles
31. Artillery Systems Market Other Major and Innovative Companies
35. Artillery Systems Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Artillery Systems Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on artillery systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for artillery systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artillery systems market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Howitzer; Mortar; Anti-Air Artillery; Rocket Artillery; Other Types2) 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
Key Companies Mentioned: China North Industries Corporation (NORINCO); Raytheon Technologies Corporation; Lockheed Martin Corporation; Hanwha Corporation; General Dynamics Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.Ş.
- Hyundai Rotem Company
- CMI Defence LLC.
- Cockerill Maintenance & Ingénierie
- Nexter Group
- Denel SOC Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | April 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 11.01 Billion |
| Forecasted Market Value ( USD | $ 14.33 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
