Report Overview
Artillery refers to large-caliber firearms used in warfare for long-range bombardment of targets. These weapons are crucial components of modern military arsenals, providing indirect fire support to ground forces. The global artillery market is a significant segment within the defense industry, characterized by advanced technology, high precision, and evolving capabilities.
As of 2023, the global artillery market size stands at approximately USD 3.6 billion. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.8% from 2024 to 2032. This growth can be attributed to several key factors that are driving the market forward.
One of the primary growth drivers in the artillery market is the increasing focus on modernization and upgrading of artillery systems by defense forces worldwide. Countries are investing in advanced artillery systems to enhance their firepower, accuracy, and operational capabilities. For example, the adoption of self-propelled howitzers with advanced targeting systems has become a common trend among military forces.
Additionally, the growing demand for precision-guided munitions (PGMs) in artillery systems is shaping the market landscape. PGMs offer improved accuracy and reduced collateral damage, making them essential for modern warfare scenarios. The integration of technologies such as GPS guidance and laser targeting systems has significantly enhanced the effectiveness of artillery strikes.
Moreover, the rise in asymmetric warfare and the need for enhanced border security are driving the demand for artillery systems globally. Artillery units play a crucial role in counterinsurgency operations, border defense, and strategic deterrence, leading to increased procurement of artillery systems by both traditional and emerging military powers.
In terms of market trends, the integration of advanced technologies like artificial intelligence, automation, and digitalization is revolutionizing the artillery sector. For instance, the development of smart artillery shells capable of adjusting their trajectory mid-flight to hit moving targets is a notable technological advancement in the market.
Furthermore, the shift towards lightweight and mobile artillery systems is gaining traction, enabling rapid deployment and maneuverability in diverse combat environments. Mobile artillery platforms offer flexibility and agility, allowing military forces to respond swiftly to evolving threats on the battlefield.
Regionally, leading markets in the artillery sector include North America, Europe, and Asia Pacific. The dominance of these regions can be attributed to high defense budgets, technological advancements, and geopolitical tensions driving the demand for artillery systems. North America, particularly the United States, remains a key market player due to its focus on innovation and military modernization initiatives.
Despite the positive outlook, the artillery market faces challenges such as regulatory constraints, budget limitations, and the emergence of alternative technologies like drones and missile systems. Addressing these challenges will require industry players to innovate, collaborate with technology partners, and adapt to changing defense requirements to sustain growth in the competitive market landscape.
In conclusion, the global artillery market is poised for steady growth driven by modernization efforts, technological advancements, and evolving security threats. Industry stakeholders must continue to invest in research and development, strategic partnerships, and market expansion to capitalize on emerging opportunities and overcome market challenges effectively.
This report provides a deep insight into the global Artillerys market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Artillerys Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Artillerys market in any manner.
Global Artillerys Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
NORINCO GROUP
Alliant Techsystems
General Dynamics Corp
Rheinmetall Defence
BAE Systems
Nexter
Mandus Group
Market Segmentation (by Type)
Field Artillery
Motorized Artillery
Self-propelled Artillery
Naval Artillery
Market Segmentation (by Application)
Defense
Warfare
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Artillerys Market
• Overview of the regional outlook of the Artillerys Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Artillerys Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market’s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter’s five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.