Press release
Artillery System Market : by Caliber, by Component, Trend, Drivers, Challenges, Key Companies by 2031
The global artillery system market is experiencing a significant growth due to surge in cross border conflicts. Artillery system is a long-range weapon. Artillery fires munition far beyond the range of infantry & tank. Artillery gun aims & fires a projectile without relying on the direct line of sight between the target and artillery gun. Hence, artillery gun uses various system to track & locate target out of its line of sight. Various artillery systems include target acquisition system, communication system, and command & control system among others. Artillery systems are used extensively for delivering close supporting fire to suppress and neutralize enemy forces in battle.
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Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Surge in military expenditure, increase in demand for long range fire support, and rise in adoption of military modernization programs are some of the factors that drive the global artillery system market. However, large storage facilities required for large artillery system hinders the market growth. On the contrary, self-propelled artillery system and automation of artillery firing system present new pathways in the industry.
The global artillery system market trends are as follows:
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Surge in military expenditure
Various nations are investing in advance weapon system to establish dominance in the battlefield. Recently, in 2019, BAE Systems (a British aerospace & defense company headquartered in Farnborough, UK) launched a new truck mounted version of ARCHER (a self-propelled artillery gun) mobile howitzer (a short barrel artillery system). New ARCHER needs less than 30 seconds to deploy or displace, making it a perfect shoot-and-scoot weapon system adaptable to diverse terrains and battlefield weapon system. Such investment in modular modification of existing weapons systems is expected to drive the global artillery system market.
Demand for long range fire support
Long range artillery cover fire helps the ground forces by neutralizing enemy fire support. Recently, in 2020, Russia has produced its first batch of S35 Koalitsiya-SV self-propelled howitzer (a short barrel artillery system) featuring automatic real-time fire control system. Koalitsiya-SV uses 152 mm rounds up to a range of 50 KM and capable of firing up to 10 rounds per minute, hence surpassing all other similar artillery system. Such development of long-range weapon system is expected to boost the global artillery system market.
Key benefits of the report:
This study presents the analytical depiction of the global artillery system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global artillery system market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global artillery system market growth scenario.
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