Press release
Transforming the Artillery Systems Market in 2025: Role Of Addressing Growing Threats Of Armed Conflict
Artillery Systems Market Share
The artillery systems market has experienced steady growth in recent years. It is anticipated to grow from $11.01 billion in 2024 to $11.88 billion in 2025, at a CAGR of 7.9%. The previous growth can be linked to the expansion of indirect fire support systems, rising demand for counter-drone artillery solutions, increased demand for long-range artillery, and the challenges posed by urbanization and megacity conflicts.
The artillery systems market is expected to grow to $15.23 billion by 2029, at a CAGR of 6.4%. This growth is attributed to global defense spending, rising geopolitical tensions, and demand for counter-drone artillery solutions. Trends include AI integration, network-centric warfare, and integration of electronic warfare capabilities.
What Factors Are Fueling Growth in the Artillery Systems Market?
The growing risk of armed conflicts is expected to fuel the growth of the artillery systems market in the future. Armed conflict refers to organized violence between parties, such as states, non-state actors, or factions within a state, involving armed force to settle disputes. The increasing complexity and interconnection of global challenges, combined with geopolitical rivalries, regional instability, and societal tensions, heighten the perception of rising armed conflict threats. Artillery systems are adaptable and powerful weapons that shape battlefields, support ground operations, and influence the outcome of conflicts. For example, according to the Armed Conflict Location and Event Data Project (ACLED) in January 2024, the number of conflict events increased by 12% in 2023 compared to 2022. Thus, the rising threats of armed conflict are expected to drive the artillery systems market.
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Which Leading Companies Are Shaping the Growth of the Artillery Systems Market?
Major companies operating in the artillery systems market are China North Industries Corporation (NORINCO), Raytheon Technologies Corporation, Lockheed Martin Corporation, Hanwha Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems, Thales Group, Leonardo S.p.A., ST Engineering, Singapore Technologies Engineering Ltd., Science Applications International Corporation, Rheinmetall AG, Serco Group plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Saab AB, Bharat Forge Limited, Kongsberg Defence & Aerospace AS, KMW+Nexter Defense Systems N.V., ASELSAN A.S., Hyundai Rotem Company, CMI Defence LLC., Cockerill Maintenance & Ingénierie, Nexter Group, Denel SOC Ltd.
What Are the Major Trends Shaping the Artillery Systems Market?
Leading companies in the artillery systems market are focusing on advanced products like automatic truck-mounted howitzers to improve mobility, firepower, and operational efficiency. In February 2024, China North Industries Group Corporation Limited (Norinco), a China-based defense company, unveiled a new truck-mounted howitzer, combining a 6x6 truck chassis with an unmanned turret housing a 155mm L/52 howitzer, enhancing stability and efficiency with a minimal crew.
What Are the Key Segments of the Artillery Systems Market?
The artillery systems market covered in this report is segmented -
1) By Type: Howitzer, Mortar, Anti-Air Artillery, Rocket Artillery, Other Types
2) By Caliber: Small, Medium, Heavy
3) By Range: Short Range (5-30 Kilometer), Medium Range (31-60 Kilometer), Long Range (Above 60 Kilometer)
4) By End User: Aerospace And Defense, Homeland Security
Subsegments:
1) By Howitzer: Towed Howitzers, Self-Propelled Howitzers, Light Howitzers
2) By Mortar: Towed Mortars, Self-Propelled Mortars, Hand-Held Mortars
3) By Anti-Air Artillery: Small Caliber Anti-Aircraft Guns, Medium Caliber Anti-Aircraft Guns, Large Caliber Anti-Aircraft Guns
4) By Rocket Artillery: Multiple Launch Rocket Systems (MLRS), Tactical Rocket Systems, Long-Range Rocket Systems
5) By Other Types: Coastal Artillery, Naval Artillery, Rail Guns
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Which Region Dominates the Artillery Systems Market?
North America was the largest region in the artillery systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artillery systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Artillery Systems Global Market Report?
- Market Size Analysis: Analyze the Artillery Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artillery Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artillery Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artillery Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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