Artillery System Market 2021 Comprehensive Insights - BAE Systems (UK), Lockheed Martin (US), Elbit System (Israel), General Dynamics (US)

The Artillery System Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. This market report provides a holistic scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future market prospects. This has brought along several changes in market conditions. Artillery System market report provides latest insights about the market’s drivers, restraints, opportunities, and trends. It also gives an in-depth information about the growth and trends of various segments and the market in various regions.

The artillery systems market is projected to reach USD 4760.5 million by 2026 and witness a CAGR of 4.01% during the forecast period (2021 - 2026).

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Top Leading Companies of Global Artillery System Market are - BAE Systems (UK), Lockheed Martin (US), Elbit System (Israel), General Dynamics (US), NORINCO (China), Hanwha Techwin (South Korea), and others.

Industry News and Updates:

In September 2020, Lockheed Martin was awarded a USD 183 million contract by the US Army to manufacture and supply a total of 28 High Mobility Artillery Rocket System launchers and related equipment. The deliveries are slated to commence in 2022.

In July 2020, the French Defense Procurement Agency awarded a EUR 17 million contract to Hirtenberger Defense Europe GmbH for procuring 120 60 mm mortar systems and several thousand units of compatible ammunition.

In August 2019, BAE Systems was contracted to provide its Bofors 57 Mk3 naval gun system for the Indonesian Navy’s KCR-60 fast-attack vessel program. The delivery of the naval guns is anticipated to be completed by 2021.

Market Overview:

Artillery systems, once considered more of an area weapon than a precision tool, are making heads turn once again though GPS accuracy, digital target processing and advances in guidance and munitions.
The rapid growth of the artillery system market in Asia Pacific can be attributed to the increased defense spending of emerging countries such as India and China in this region. India is upgrading its old artillery system

On The Basis of Types: -

Small Caliber

Medium Caliber

Heavy Caliber

On The Basis of Applications: -

Howitzer

Mortar

Anti-air

Rocket

The regions are further sub-divided into:

-North America:  US, Mexico, Canada
-Europe:  Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg
- Asia-Pacific:  China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore
- South America: Brazil, Argentina, Peru, Chile
- Middle East and Africa:  Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa

Regional Analysis:

Asia-Pacific is expected to register a high CAGR during the forecast period. The escalated tensions between the countries in this region have encouraged the rapid modernization of the armed forces. Countries like China, India, Australia, Japan, South Korea in the region are significantly investing in the development, building, and procurement of artillery systems. For instance, in April 2020, the Chinese People Liberation Army (PLA) induced a new advanced vehicle-mounted 155mm howitzer, the PC-181. The Chinese military is also preparing to test magnetized plasma artillery capable of firing hypervelocity rounds at speeds of Mach 6 (six times the speed of sound). The country is advancing a comprehensive military modernization program aimed at competing for modernization by 2035.

Following Are The Major Content of Artillery System Market:

–Overview of Artillery System Market
–Global Market Status and Forecast by Regions
–Global Market Status and Forecast by Types
–Global Market Status and Forecast by Downstream Industry
–Market Driving Factor Analysis
–Market Competition Status by Major Manufacturers
–Major Manufacturers Introduction and Market Data
–Upstream and Downstream Market Analysis
–Cost and Gross Margin Analysis
–Marketing Status Analysis
–Market Report Conclusion
–Research Methodology and Reference

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Reasons to Purchase This Report:

- Artillery System Market advancement outlooks with the new inventions and SWOT analysis.

-Market elements situation, alongside development chances of the market in the upcoming years.

-Market division investigation including subjective and quantitative exploration fusing the effect of financial and strategy viewpoints.

-Territorial and nation level examination incorporating the demand and supply powers that are affecting the development of the market.

-Competitive landscape including market share of major players, along with the new assessments and strategies adopted by players in the past five years.

-Comprehensive organization profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the key players.

Finally, Artillery System Market report is the credible hotspot for acquiring statistical market that will exponentially grow your business. The report gives the guideline area, monetary circumstances with the product value, advantage, limit, generation, supply, solicitation, and market improvement rate and figure, etc. Artillery System Market report furthermore Presents another SWOT assessment, theory feasibility examination, and venture return investigation.

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