According to a research report published by Spherical Insights & Consulting, the Global Artillery Systems Market Size Expected to Grow from USD 10.7 Billion in 2023 to USD 19.34 Billion by 2033, at a CAGR of 6.10% during the forecast period 2023-2033.

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An artillery system is a weapon with a large range. Artillery fires weapons well out of infantry and tank range. Without needing to be in direct line of vision with the target, an artillery gun can aim and fire an object. In order to monitor and detect targets that are out of its line of sight, artillery guns employ a variety of systems. Additionally, the international security system’s design has been weakened by the development of hegemony, unilateralism, and influence politics that have sparked multiple global crises due to the major shifts in the worldwide strategic landscape. The uncertainty surrounding the territorial claims of numerous countries, such as the Cold War between Saudi Arabia and Iran in the Middle East, is one of the primary elements disrupting the geopolitical landscape. To improve national security, governments most frequently respond to this issue by increasing military budgets. The United States, the United Kingdom, China, and India are among the military superpowers that have enhanced their military equipment and combat capabilities. However, the armed forces’ purchase and development of artillery systems are frequently protracted, intricate procedures.

Browse key industry insights spread across 230 pages with 115 Market data tables and figures & charts from the report on the Global Artillery Systems Market Size, Share, and COVID-19 Impact Analysis, By Type (Howitzer, Mortar, Anti-air Artillery, Rocket Artillery, and Other), By Range (Short-Range (5-30 Kilometers), Medium-Range (31-60 Kilometers), and Long-Range (> 60 Kilometers)), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033              

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The howitzer segment is expected to hold a significant market share through the forecast period.

Based on type, the global artillery systems market is categorized as howitzer, mortar, anti-air artillery, rocket artillery, and others. Among these, the howitzer segment is expected to hold a significant market share through the forecast period. Howitzers are armored mobile artillery systems that are commonly used as combat support weapons. In order to avoid counter-battery fire, these systems frequently exploit their ability to launch shoot-and-scoop-style strikes.

The short-range (5-30 kilometers) segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the range, the global artillery systems market is categorized as short-range (5-30 kilometers), medium-range (31-60 kilometers), and long-range (> 60 kilometers). Among these, the short-range (5-30 kilometers) segment is expected to grow at the fastest CAGR during the projected timeframe. A range of 5 to 30 kilometers has been developed for short-range artillery weapons. Short-range artillery weapons are useful for close-range, lower-flying objects when precision, as well as effectiveness, are crucial to ensuring the existence of the deployed forces.

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North America is projected to hold the largest share of the global artillery systems market over the projected timeframe.

North America is projected to hold the largest share of the global artillery systems market over the projected timeframe. The U.S. Department of Defense is making significant investments to improve the mobility of ground forces, upgrade its artillery weapons, and improve long-range precision strike capabilities. Furthermore, the region’s market is expanding and demand is being driven by the deployment of cutting-edge technologies including automation, precision-guided munitions, and next-generation fire control systems.

Asia Pacific is projected to grow at the fastest CAGR growth of the global artillery systems market during the forecast period. With rising military equipment investments fueled by a growing desire to improve military capabilities. Concerns about regional security, territorial disputes, and border disputes further fuel the need for sophisticated artillery systems to bolster military forces. The region is also a valuable market for artillery systems to defend civilian areas and vital infrastructure because of its huge and expanding population, as well as the rapid urbanization and industrialization of the area.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global artillery systems market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the global artillery systems market are Leonardo S.p.A, RTX Corporation, Hanwha Corporation, General Dynamics, Avibras, Elbit Systems Ltd., KNDS France, BAE Systems plc, Lockheed Martin Corporation, Thales Group, Denel SOC Ltd., RUAG International Holding Ltd., Aubert & Duval, Singapore Technologies Engineering Ltd., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In August 2024, a multinational customer awarded Elbit Systems Ltd. a four-year, almost USD 270 million contract to supply rocket artillery. This agreement has improved the operational capabilities of clients and solidified the company’s standing as a leading supplier of sophisticated artillery solutions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global artillery systems market based on the below-mentioned segments:

Global Artillery Systems Market, By Type

• Howitzer
• Mortar
• Anti-air Artillery
• Rocket Artillery
• Other

Global Artillery Systems Market, By Range

• Short-Range (5-30 Kilometers)
• Medium-Range (31-60 Kilometers)
• Long-Range (> 60 Kilometers)

Global Artillery Systems Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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