The artillery systems market was valued at US$ 11,378.36 million in 2022 and is projected to reach US$ 19,287.32 million by 2030; it is expected to register a CAGR of 6.80% during 2022–2030.The deployment of self-propelled artillery systems is likely to remain a key artillery systems market trend.

Artillery Systems Market Analysis

Many countries have been investing a significant portion of their respective military expenditure for the procurement of advanced fire control systems for their existing artilleries. Rising procurement of new artillery systems by different countries and increasing modification of existing artillery systems are among the factors propelling the demand for fire control systems across different regions. For instance, in March 2023, the Indian Navy awarded a contract worth nearly US$ 204 million to BEL for the procurement of fire control systems for their respective naval fleet of artillery guns. Similarly, in September 2023, Elbit Systems Ltd won a contract worth US$ 200 million for supplying C4I solution to artillery battalions and a Hostile Fire Counter Attack (HFCA) system to an undisclosed customer in the European Union. Such factors are promoting the growth of the fire control system segment in the global artillery systems market

Artillery Systems Market Overview

The major stakeholders in the global artillery systems market ecosystem include component suppliers, artillery system manufacturers, and end-users. The raw material /component providers are the crucial stakeholders in the ecosystem of the artillery systems market. The major components used in artillery systems includes gun barrels, auxiliary systems, fire systems, ammunition handling systems and other components. The timely supply of all these components is crucial for efficient operation across artillery system manufacturing plants. Thus, any operational impact on these component providers directly impacts the artillery systems market.

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Artillery Systems Market: Strategic Insights

Artillery Systems Market

• 
  CAGR (2022-2030)

  6.8%
• Market Size 2022
  US$ 11,378.36 Million
• Market Size 2030
  US$ 19,287.32 Million

Market Dynamics

GROWTH DRIVERS

• Surging Defense Expenditure
• Rise in Number of Contracts for Supply of Artillery Systems

FUTURE TRENDS

• XXXXXXX
• XXXXXXX
• XXXXXXX

OPPORTUNITIES

• Deployment of Countermeasure Systems

Key Players

• Avibras Indústria Aeroespacial S/A
• BAE Systems Plc
• Nexter Groupe KNDS
• Denel Land Systems
• Elbit Systems Ltd
• General Dynamics
• ST Engineering
• Lockheed Martin Corporation
• Rheinmetall AG
• Leonardo DRS Inc

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• Gun Turret
• Fire Control System
• Ammunition Handling System
• Auxiliary System
• Others

Range

• Short Range
• Medium Range
• Long Range

Caliber

• Small Caliber
• Medium Caliber
• Large Caliber

Type

• Howitzer
• Mortar
• Rocket Artillery

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Artillery Systems Market Drivers and Opportunities

Allocation of Contracts for the Supply of Artillery Systems

Manufacturers operating in the artillery systems market strongly focus on collaborating with different governments and armed forces to comprehend their respective demands and offer them suitable solutions. The military forces of various countries are providing numerous contracts to artillery systems manufacturers to procure several communication, surveillance, and navigation systems. Moreover, the defense forces of different nations are investing substantially in procuring artillery systems such as rocket artillery, mortars, and howitzers. Artillery systems are reliable for taking down short, medium, and long-range targets. They enable armed forces to facilitate enhanced remote firing on ground or naval platforms.

Deployment of Countermeasure Systems – An Opportunity in Artillery Systems Market

The changing geopolitical scenario worldwide boosts the requirement for strong defense countermeasure systems. The constant tension between the nations such as Russia-Ukraine, India-China, Pakistan-India, Israel-Palestine, and US-China is compelling their governments to strengthen their respective armed forces, which is also propelling the procurement of warfare systems such as different types of mortars and howitzers. Hence, the armed forces across different countries are investing in procuring artillery systems such as surface-to-air rocket artillery, self-propelled howitzers, early warning systems, and border surveillance systems. BAE Systems, General Dynamics Corporation, Honeywell International Inc., Israel Aerospace Industries Inc., Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and Thales Group are among the companies focusing on developing defense countermeasure systems, including radar systems, artillery systems, communication and surveillance systems, and navigation devices. Thus, the increasing procurement and deployment of countermeasure systems is expected to fuel the growth of the artillery systems market in the coming years.

Artillery Systems Market Report Segmentation Analysis

Key segments that contributed to the derivation of the artillery systems market analysis are component, range, caliber, and type.

• Based on component, the artillery systems market is divided into gun turret, fire control system, ammunition handling system, auxiliary system, and others. The fire control system segment held a larger market share in 2022.
• Based on range, the market is segmented into short range, medium range, and long range. The medium range segment held a larger market share in 2022.
• In terms of caliber, the market is segmented into small caliber, medium caliber, and large caliber. The medium caliber segment dominated the market in 2022.
• Based on type, the market is segmented into howitzer, mortar, and rocket artillery. The howitzer segment held a larger market share in 2022.

Artillery Systems Market Share Analysis by Geography

The geographic scope of the artillery systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America.

In 2023, North America accounted for a major share in the global artillery systems market followed by Europe and Asia Pacific. Also, the North America region is likely to retain its dominance during the forecast period as well. This is due to the presence of large number of artillery systems manufacturers such as BAE Systems, General Dynamics Ordnance and Tactical Systems, American Rheinmetall Munitions Inc, Lockheed Martin, and many more. These companies are collaboratively working with different armed forces of North American countries to understand their respective demands and provide them with reliable solutions.

Artillery Systems Market Report Scope

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Artillery Systems Market News and Recent Developments

The artillery systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

• In February 2023, BAE Systems secured a contract worth $466 million to provide the U.S. Army with its M109A7 Paladin self-propelled howitzers. As per the announcement from the U.S. Department of Defense, the contract encompasses the supply of M992 Field Artillery Ammunition Support Vehicles. The specific quantity of howitzers and support carriers included in the order has not been disclosed. (Source: BAE Systems plc, Press Release)
• In November 2023, L3Harris Technologies secured contracts valued at up to $124 million for the comprehensive refurbishment of fire control systems on rocket launch vehicles. These contracts task L3Harris Technologies with the responsibility of enhancing the Common Fire Control System (CFCS) installed on both the M142 High Mobility Artillery Rocket Systems (HIMARS) and M270 Multiple Launch Rocket System (MLRS) vehicles, manufactured by Lockheed Martin, an aerospace and defense company. (Source: L3Harris Technologies, Newsletter)

Artillery Systems Market Report Coverage and Deliverables

The “Artillery Systems Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering the following areas:

• Artillery Systems Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Artillery Systems Market trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Artillery Systems Market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
• Artillery Systems Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles