Press release
Artillery System Market Size, Share, Growth, Research and Forecast 2020-2026
A full report of Global Artillery System Market is available at https://www.omrglobal.com/industry-reports/artillery-system-market
Moreover, howitzer, a type of artillery system is capable of firing various high-explosive standard and rocket-assisted high explosive-fragmentation (HE-FRAG) projectiles, standard and rocket-assisted high explosive-fragmentation (HE-FRAG) projectiles as well as precision-guided munitions. This is anticipated to increase the adoption of howitzer by militaries. Additionally, the modern self-propelled howitzers available in the artillery system market offer high lethality and maneuverability and are the essential parts of the artillery corps which will drive the artillery system industry significantly. Several modern self-propelled howitzers in the market include 2S35 Koalitsiya-SV, Archer, Donar, PzH 2000, and many more.
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Among these, PzH 2000 is a highly mobile artillery system developed by KMW for the German Army. More than 330 PzH 2000 systems have been delivered to four Nato member countries till now. The high demand of such self-propelled howitzers across the globe will expand the artillery system market size significantly. Moreover, the artillery system has become the mainstay of most modern armies such as the US, Koreas, China, Russia, and many more in recent times.
Besides, the armies from all across the globe are investing heavily in the artillery system development which is also anticipated to fuel the growth of the market. For instance, in May 2020, the US Army hired Raytheon with a grant of $7.9 million for the development of ramjet artillery shell, also referred to as the XM1155. Additionally, the presence of a large number of artillery system manufacturers such as BAE Systems plc, Elbit Systems Ltd., Singapore Technologies Engineering Ltd., and many more that are recognized globally, is also anticipated to drive the artillery system market.
Artillery System Market - Segmentation
By Type
• Howitzer
• Rocket
• Mortar
• Anti-Air
• Others
By Range
• Long Range
• Medium Range
• Short Range
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Artillery System Market- Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• Avibras Industria Aeroespacial S/A
• BAE Systems plc
• Denel SOC Ltd.
• Elbit Systems Ltd.
• General Dynamics Corp
• Hanwha Group
• Huta Stalowa Wola (HSW) S.A.
• IMI Systems Ltd.
• JSC Central Research Institute BUREVESTNIK
• Kalyani Group
• LARSEN & TOUBRO Ltd.
• Lockheed Martin Corp
• Nexter group KNDS
• NORINCO GROUP
• Northrop Grumman Corp.
• RUAG Group
• Safran
• Singapore Technologies Engineering Ltd.
• Yugoimport SDPR J.P.
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Contact Person: Mr. Anurag Tiwari
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