Artillery Systems Market Share, Size, Growth, Opportunity and Forecast 2024-2032

According to the latest report by IMARC Group, titled “Artillery Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.’ offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How Big is the Artillery Systems Market?

The global artillery systems market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032.


What is Artillery Systems?

Artillery systems are heavy military-ranged weapons, extensively deployed for launching munitions and close supporting fire to retaliate and neutralize combatants on the battlefield. They are further utilized for tracking and locating a target out of its line of sight. The artillery systems are developed with the blend of artillery, target acquisition, communication and command and control systems. At present, artillery systems can be differentiated into anti-air, rocket, naval, coastal, mortar and howitzer artillery systems.

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Global Artillery Systems Market Trends:

Numerous initiatives undertaken by the governments of various nations in order to fortify the military and defense sector are majorly driving the artillery systems market growth. This can be attributed to the increasing geospatial tensions between several countries and military organizations, which has consequently created a significant need for an efficient and strong defense industry. Apart from this, increasing investments in research and development (R&D) activities for developing smart and upgraded artillery systems is propelling the market growth. Other factors, such as the widespread adoption of military modernization programs, the rising demand for long-range fire support and extensive utilization of automated artillery firing systems, are creating a positive outlook for the market.

Leading Companies Operating in the Global Artillery Systems Industry:

  • 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.

Key Market Segmentation:

Breakup by Type:

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

Breakup by Component:

  • Fire Control System
  • Chassis
  • Engine
  • Gun Turret
  • Others

Breakup by Caliber:

  • Small
  • Medium
  • Heavy

Breakup by Range:

  • Short-range
  • Medium range
  • Long-range

Breakup by End User:

  • Aerospace and Defense
  • Homeland Security

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4701&flag=E

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:                                                                     

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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