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According to industry estimates, the artillery systems market was worth $5.28 billion in 2023. During the forecast period (2024–2031), the artillery systems market is expected to expand from 6.218 billion USD in 2024 to 10.8620 billion USD in 2031, representing a CAGR (compound annual growth rate) of 9.22%. The artillery systems market is anticipated to witness commendable expansion throughout the projected timeframe, propelled by factors including robust demand from the defense sector and many military modernization plans implemented by different nations.
Defense forces' attempts to modernize its artillery systems by acquiring and using cutting-edge technology, tools, and operational ideas are known as modernization initiatives. The overarching goal of these endeavors is to enhance artillery systems' efficacy, mobility, accuracy, range, and performance on the battlefield. As part of its modernization process, artillery systems are replaced with newer models that include sophisticated characteristics such improved targeting systems, digitalized fire control systems, communication capabilities, and ammunition efficiency. It also comprises connecting artillery weapons to other upgraded military parts like C4ISR systems, unmanned platforms, and command and control systems enabling streamlined, network-centric operations.
Opportunities for enhanced battlefield adaptability can also be presented by unmanned artillery weapons. These systems are designed to be easily installed and relocated to meet the evolving operating demands. To further improve situational awareness and collaborative engagement, unmanned artillery systems can be combined with other autonomous platforms like ground robots or drones to create a coordinated and networked unmanned force. In addition to improving operational efficiency, using unmanned systems can decrease the logistical footprint by reducing the need for workers and support equipment. Innovation in unmanned artillery systems (UAS) drives improvements in AI, robotics, and improved sensors, which in turn promotes collaboration across sectors and technological advancements. In sum, unmanned artillery systems provide forces with chances to remain cutting edge in modern combat while improving efficacy, flexibility, and cost-efficiency.
Government restrictions aimed at reducing the spread of COVID-19 have disrupted the supply chain, forcing artillery manufacturers to halt production operations. Authorities throughout the world have instituted travel restrictions in an effort to contain the spread of the COVID-19 virus. As a result, defense contractors are experiencing short-term operational challenges caused by a shortage of labor.
Because trade limitations only permit the delivery of necessities like food and safety gear, artillery gun shell makers are also unable to manufacture and supply shells to the military agencies. The acquisition and deployment of artillery systems will be negatively impacted as a result of governments allocating all financial resources to combat the COVID-19 epidemic. Because defense system developers rely on overseas workforces, the testing and development of artillery systems will be hindered by the travel ban enforced by authorities in the aftermath of COVID-19.
Rising hegemonism, unilateralism, and influence politics have weakened the international security system's framework and exacerbated a number of crises brought about by shifts in global strategy. Uncertainty over several nations' territorial claims, like the Cold War in the Middle East between Iran and Saudi Arabia, is a major factor impacting the current geopolitical climate. Increasing military spending is the standard response from the government when faced with this kind of issue. The United States, the UK, China, and India—all formidable military powers—have upgraded their weaponry and battle prowess. To make sure the present defensive systems are combat-ready, the military is modernizing its arsenal and doing some development and acquisition work.
The push for indigenization also influences the local creation of these systems in various nations. From 2019 to 2020, military spending climbed 2.6% in real terms, reaching 1981 billion USD in 2020. The rate of increase in military spending has been more rapid recently, and it will reach 9.3 percent more in 2020 compared to 2011. U.S., Chinese, Indian, Russian, and British military spending in 2020 was the most of any country in the world, according to SIPRI. All told, 62% of the budget went to these countries. Therefore, some of the funds intended for military are redirected to these programs, the growth of which highlights the market's potential.
In addition, the international security system has been undermined by the growth of hegemonism, unilateralism, and power politics, which have contributed to the escalation of numerous current crises. The anticipated growth of the market for artillery systems could be facilitated by the substantial investments made by nations in the modernization of their military forces. Many countries are investing in long-range weaponry in an effort to get a strategic advantage in battle. The US and other countries are starting to buy artillery systems so they can fire accurately from a distance. As the threats faced by nations intensify, the need to strengthen their militaries becomes paramount. A portion of defense spending goes toward these initiatives because of the growth that is propelling the market.
Report Coverage
Global Artillery Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Artillery Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Artillery Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Artillery Systems market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Artillery Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Artillery Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Avibras (Brazil), BAE Systems (UK), China North Industries Corporation (Norinco) (China), Denel SOC Ltd (South Africa), Elbit Systems (Israel), General Dynamics (US), Hanwha Group (South Korea), IMI Systems (Israel), Kmw+NexterDefense Systems (Netherlands) and Lockheed Martin (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Artillery Systems market based on the below-mentioned segments:
Global Artillery Systems Market, By Type
Rocket
Anti-Air
Howitzer
Mortar
Others
Global Artillery Systems market, By Component
Fire Control System
Chassis
Engine
Gun Turret
Others
Global Artillery Systems Market, By Caliber
Small
Medium
Heavy
Global Artillery Systems market, Regional Analysis
Defense forces' attempts to modernize its artillery systems by acquiring and using cutting-edge technology, tools, and operational ideas are known as modernization initiatives. The overarching goal of these endeavors is to enhance artillery systems' efficacy, mobility, accuracy, range, and performance on the battlefield. As part of its modernization process, artillery systems are replaced with newer models that include sophisticated characteristics such improved targeting systems, digitalized fire control systems, communication capabilities, and ammunition efficiency. It also comprises connecting artillery weapons to other upgraded military parts like C4ISR systems, unmanned platforms, and command and control systems enabling streamlined, network-centric operations.
Opportunities for enhanced battlefield adaptability can also be presented by unmanned artillery weapons. These systems are designed to be easily installed and relocated to meet the evolving operating demands. To further improve situational awareness and collaborative engagement, unmanned artillery systems can be combined with other autonomous platforms like ground robots or drones to create a coordinated and networked unmanned force. In addition to improving operational efficiency, using unmanned systems can decrease the logistical footprint by reducing the need for workers and support equipment. Innovation in unmanned artillery systems (UAS) drives improvements in AI, robotics, and improved sensors, which in turn promotes collaboration across sectors and technological advancements. In sum, unmanned artillery systems provide forces with chances to remain cutting edge in modern combat while improving efficacy, flexibility, and cost-efficiency.
Government restrictions aimed at reducing the spread of COVID-19 have disrupted the supply chain, forcing artillery manufacturers to halt production operations. Authorities throughout the world have instituted travel restrictions in an effort to contain the spread of the COVID-19 virus. As a result, defense contractors are experiencing short-term operational challenges caused by a shortage of labor.
Because trade limitations only permit the delivery of necessities like food and safety gear, artillery gun shell makers are also unable to manufacture and supply shells to the military agencies. The acquisition and deployment of artillery systems will be negatively impacted as a result of governments allocating all financial resources to combat the COVID-19 epidemic. Because defense system developers rely on overseas workforces, the testing and development of artillery systems will be hindered by the travel ban enforced by authorities in the aftermath of COVID-19.
Rising hegemonism, unilateralism, and influence politics have weakened the international security system's framework and exacerbated a number of crises brought about by shifts in global strategy. Uncertainty over several nations' territorial claims, like the Cold War in the Middle East between Iran and Saudi Arabia, is a major factor impacting the current geopolitical climate. Increasing military spending is the standard response from the government when faced with this kind of issue. The United States, the UK, China, and India—all formidable military powers—have upgraded their weaponry and battle prowess. To make sure the present defensive systems are combat-ready, the military is modernizing its arsenal and doing some development and acquisition work.
The push for indigenization also influences the local creation of these systems in various nations. From 2019 to 2020, military spending climbed 2.6% in real terms, reaching 1981 billion USD in 2020. The rate of increase in military spending has been more rapid recently, and it will reach 9.3 percent more in 2020 compared to 2011. U.S., Chinese, Indian, Russian, and British military spending in 2020 was the most of any country in the world, according to SIPRI. All told, 62% of the budget went to these countries. Therefore, some of the funds intended for military are redirected to these programs, the growth of which highlights the market's potential.
In addition, the international security system has been undermined by the growth of hegemonism, unilateralism, and power politics, which have contributed to the escalation of numerous current crises. The anticipated growth of the market for artillery systems could be facilitated by the substantial investments made by nations in the modernization of their military forces. Many countries are investing in long-range weaponry in an effort to get a strategic advantage in battle. The US and other countries are starting to buy artillery systems so they can fire accurately from a distance. As the threats faced by nations intensify, the need to strengthen their militaries becomes paramount. A portion of defense spending goes toward these initiatives because of the growth that is propelling the market.
Report Coverage
Global Artillery Systems research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Artillery Systems report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Artillery Systems competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Artillery Systems market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Avibras (Brazil), BAE Systems (UK), China North Industries Corporation (Norinco) (China), Denel SOC Ltd (South Africa), Elbit Systems (Israel), General Dynamics (US), Hanwha Group (South Korea), IMI Systems (Israel), Kmw+NexterDefense Systems (Netherlands) and Lockheed Martin (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Artillery Systems Market from 2021 to 2031.
- Market Forecast for Artillery Systems Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Artillery Systems competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Artillery Systems
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Artillery Systems market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Artillery Systems market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Avibras (Brazil), BAE Systems (UK), China North Industries Corporation (Norinco) (China), Denel SOC Ltd (South Africa), Elbit Systems (Israel), General Dynamics (US), Hanwha Group (South Korea), IMI Systems (Israel), Kmw+NexterDefense Systems (Netherlands) and Lockheed Martin (US)
Primary Target Market
- Market Players of Artillery Systems
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Artillery Systems market based on the below-mentioned segments:
Global Artillery Systems Market, By Type
Rocket
Anti-Air
Howitzer
Mortar
Others
Global Artillery Systems market, By Component
Fire Control System
Chassis
Engine
Gun Turret
Others
Global Artillery Systems Market, By Caliber
Small
Medium
Heavy
Global Artillery Systems market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The 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 Middle East & Africa
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