Artillery Systems Market - Size, Trends, Growth by 2030

Artillery Systems Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Gun Turret, Fire Control System, Ammunition Handling System, Auxiliary System, and Others), Range (Short Range, Medium Range, and Long Range), Caliber (Small Caliber, Medium Caliber, and Large Caliber), Type (Howitzer, Mortar, and Rocket Artillery), and Geography

Publication Month : Jan 2024

  • Report Code : TIPRE00006735
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 217
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[Research Report] 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.

 

Analyst Perspective:

The global artillery systems market plays a pivotal role in shaping the military capabilities of nations, influencing defense strategies, and contributing to geopolitical dynamics. With a multifaceted landscape influenced by technological advancements, security threats, and international collaborations, the artillery systems market is characterized by continuous modernization efforts, diversification of capabilities, and the integration of cutting-edge technologies. The demand for diversified artillery capabilities is a key factor shaping the global market. Nations seek artillery systems that can address a spectrum of operational scenarios, from conventional warfare to counterinsurgency operations. This diversification includes the development and acquisition of various artillery types, such as towed howitzers, self-propelled artillery, rocket launchers, and mortars. The goal is to possess a versatile artillery portfolio that can respond effectively to different threats and terrains.

Collaborations and partnerships between nations and defense contractors are common in the global artillery systems market. International alliances contribute to technology transfer, joint development programs, and the exchange of expertise. For instance, in December 2023, UK-based BAE Systems secured a substantial US$ 8.8 billion contract to maintain and operate a US Army ammunition plant in Tennessee. The contract, awarded by the Department of Defense (DoD), spans a duration of 10 years, running from January 1, 2024, to December 31, 2033. BAE Systems is tasked with the production of explosives, as well as the maintenance and operation of the Holston Army Ammunition Plant. This significant and long-term contract not only underscores BAE Systems' role in supporting U.S. defense infrastructure but also highlights the strategic importance of private-sector partnerships in ensuring the sustained production and operation of critical military assets. The contract reflects ongoing defense expenditure, emphasizing the continued importance of defense investments globally. Nations worldwide are consistently investing in the maintenance and enhancement of their military capabilities, driving the global artillery systems market.

Market Overview:

Artillery systems refer to the large-sized firearms used by various armed forces to perform firing operations during any of their missions. The major artillery systems include howitzers, mortars, and rocket artilleries. Artillery systems allow the armed forces to neutralize or destroy any target during combat or fire operations. Major factors driving the artillery systems market include rising global military expenditure, increasing number of contracts for the supply of artillery systems, and growing deployment of self-propelled artillery systems by various armed forces worldwide.

The rise in military expenditures across countries and increased tensions among countries are propelling the demand for artillery systems worldwide. Several countries are taking serious actions to ensure the safety of their nation, for which they are collaborating with other countries by joining forces to increase their armed forces' capabilities. For instance, after Russia's invasion of Ukraine, the US has been taking initiatives to increase its military presence across European countries for the long haul by establishing its first permanent presence in Poland to bolster regional security. It will deploy several forces in the country along with required ammunition and firearms. Such initiatives are driving the artillery systems market.

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Artillery Systems Market: Strategic Insights

artillery-systems-market
Market Size Value inUS$ 11,378.36 million in 2022
Market Size Value byUS$ 19,287.32 million by 2030
Growth rateCAGR of 6.80% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Market Driver:

Rising Global Military Expenditure is Boosting the Artillery Systems Market Growth

The evolving modern warfare scenario has compelled governments of various countries across the globe to assign significant funds and financial aid toward respective defense and military forces. The defense budget allocation supports army and military forces to obtain enhanced technologies and equipment from domestic or international developers. On the other hand, military and army vehicle upgrades are on the rise, owing to the growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases governments' focus on strengthening national security forces. There is an increased need to reinforce military and border security forces with advanced surveillance, communication, navigation equipment, artilleries, armaments, and vehicles; hence, military forces worldwide are focusing on investing significant amounts in procuring artillery systems and other advanced technologies. Defense forces' constant inclination to acquire new technologies for noncombat and combat operations further boosts military expenditure worldwide.

As per the Stockholm International Peace Research Institute (SIPRI), global military expenditure increased to US$ 2,148 billion in 2022, representing a 3.5% increase from 2021. The US, China, India, Russia, and Saudi Arabia were the top five spenders in 2022, accounting for 63% of global expenditures. These key players are driving the growth of artillery systems market size.

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Segmental Analysis:

Based on component, the artillery systems market has been segmented into gun turret, fire control system, ammunition handling system, auxiliary system, and others. Gun turrets are among the most critical components of any artillery system, specifically the howitzers and rocket artillery systems. Gun turrets are long cylindrical structures fixed on the top of any artillery system and provide assistance to fire the ammunition out of the artillery system. Major technological advancements in gun turret technologies include the integration of automated firing controls with gun turrets in naval ships or autonomous ground military vehicles. Such technological advancements have been pushing the deployment of new units of gun turrets among various armed forces across different countries, which is driving the growth of artillery systems market size.

 

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Regional Analysis:

The US, Canada, and Mexico are the major economies in North America that have witnessed growth in the artillery systems market size. Emerging markets, particularly in regions such as Asia Pacific and the Middle East, are key contributors to the growth of the global artillery systems market. Increased defense budgets, territorial tensions, and emphasis on indigenous defense capabilities characterize these regions. Governments in emerging markets are actively procuring artillery systems to build robust defense postures and reduce dependency on foreign suppliers. The procurement trends in these regions include a mix of imported systems and indigenous development initiatives.

Geopolitical considerations significantly influence the global artillery systems market growth. Strategic rivalries, territorial disputes, and regional conflicts drive the demand for artillery capabilities. Nations often align their procurement strategies with perceived threats and geopolitical realities. The arms race and military build-up in certain regions contribute to the growth of the artillery systems market as countries strive to maintain strategic parity or superiority.

Key Player Analysis:

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, and Leonardo DRS Inc are among the key artillery systems market players with a significant market share that are profiled in this artillery systems market study.

Recent

Developments:

 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the global artillery systems market. A few recent developments by the key artillery systems market players are listed below:

 

Year

News

Region

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 U.S. Department of Defense announcement, 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.

North America

March 2023

The U.S. Army awarded BAE Systems a $ 463.2 million contract for the maintenance of 155 mm lightweight towed howitzers, serving both domestic and international military clients. The firm-fixed-price contract includes the supply of catalog parts and manpower services to sustain the life cycle of the M777A2 howitzer fleet for the U.S. and Australia, as well as Canada's M777C1 artillery guns, as stated in a notice posted on SAM.gov.

North America

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Range, Caliber, Type, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are reasons behind the artillery systems market growth?

The evolving modern warfare scenario has compelled governments of various countries across the globe to assign significant funds and financial aid toward respective defense and military forces. The defense budget allocation supports army and military forces to obtain enhanced technologies and equipment from domestic or international developers.

What are market opportunities for the 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.

Who are the major vendors in the artillery systems market?

BAE Systems Plc; Nexter Groupe KNDS; Denel Land Systems; Elbit Systems Ltd; General Dynamics; and Lockheed Martin Corporation are the key market players operating in the global artillery systems market.

What is the future trend for the artillery systems market?

The increasing application of unmanned systems for various purposes, including weapon delivery, surveillance, or detection, boosts the demand for self-propelled artillery systems. The increasing adoption of self-propelled artillery systems reduces the logistics and transportation challenges faced while moving any artillery system. Self-propelled artillery systems allow for the reduction of the operational manpower required to operate any artillery systems such as howitzer or rocket artilleries.

Which region to dominate the artillery systems market in the forecast period?

The US, Canada, and Mexico are the major economies in North America that have witnessed growth in the artillery systems market. The Ukraine-Russia conflict has contributed to the growth of the artillery systems market in North America. While North America, primarily the US and Canada, is not directly involved in the conflict, several factors influence the regional military equipment market landscape. North American nations, particularly the United States, have provided military support to Ukraine in response to the conflict.

The List of Companies - Artillery Systems Market

  1. Avibras Indústria Aeroespacial S/A
  2. BAE Systems Plc
  3. Nexter Groupe KNDS
  4. Denel Land Systems
  5. Elbit Systems Ltd
  6. General Dynamics
  7. ST Engineering
  8. Lockheed Martin Corporation
  9. Rheinmetall AG
  10. Leonardo DRS Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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