Artillery Systems Global Market Report 2024

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.


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