Artillery Systems Market Size Projected To Reach $15.23 Billion By 2034 With A Cagr Of 6.4%

The Artillery Systems Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Artillery Systems Market?
In recent years, the size of the artillery systems market has seen significant growth. It's projected to expand from $11.01 billion in 2024 to $11.88 billion in 2025, representing a compound annual growth rate (CAGR) of 7.9%. This uptick during the historical period is largely due to advancements in indirect fire support systems, an increase in the need for counter-drone artillery solutions, swelling demand for long-range artillery, and burgeoning urbanization leading to megacity confrontations.

Anticipations are high for the artillery systems market due to an expected robust growth over the coming years. It's projected that by 2029, the market will reach a worth of $15.23 billion, expanding at a compound annual growth rate (CAGR) of 6.4%. This surge in growth during the forecasted period is largely due to factors like a rise in global defense expenditure, increasing risk of armed conflicts, escalating geopolitical issues, a growing need for counter-drone artillery strategies, enhanced focus on military modernization and an emphasis on sustainability and fuel efficiency. Future trends anticipated in the forecasted period include the incorporation of artificial intelligence into artillery systems, transition towards network-centric warfare, integration of electronic warfare capabilities, strategic alliances, and inclusion of anti-jamming features in artillery systems.

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What Are the Different Artillery Systems Market Segments?
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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What Are the Primary Drivers Shaping the Artillery Systems Market?
The potential escalation of military hostilities is predicted to spur the development of the artillery systems market. Such hostilities indicate the systematic aggression among two or more groups, including nations, independent entities, or factions within a nation, employing military force to resolve disagreements. The increasing intricacy and interconnectedness of worldwide difficulties, along with geopolitical competition, regional imbalances, and societal strains, contribute to the belief that the potential for armed clashes is escalating. Artillery systems, being versatile and impactful weapons, can manage the battlefield, aid ground operations, and influence the outcome of military disputes. For instance, the Armed Conflict Location and Event Data Project (ACLED), a US-based NGO, reported in January 2024, a 12% increase in conflict incidents in 2023 compared to 2022. Thus, the escalating potential for armed clashes is expected to boost the artillery systems market.

Which Companies Are Leading in 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 corporations in the artillery systems market are concentrating on creating technically sophisticated products like automated truck-mounted howitzers to improve mobility, firepower, and effectiveness in military operations. This innovative artillery system incorporates a howitzer onto a truck frame, providing mobility and swifter deployment in combat zones. As an example, in February 2024, China North Industries Group Corporation Limited (Norinco), a company based in China with a primary focus on defense and military tech production, revealed a novel truck-mounted howitzer. This advanced system integrates a highly automatic design, merging a 6x6 truck frame with an unmanned turret that houses a 155mm L/52 howitzer. The recent platform merges the widely recognized 14-ton SH16 unmanned turret onto a 6x6 truck frame. The system's firing stability is ensured by an earth spade at the rear, with a combat weight of 32 tons (70,000 pounds). The system is managed by just two crew members in a protected cab.

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What Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artillery Systems Market?
2. What is the CAGR expected in the Artillery Systems Market?
3. What Are the Key Innovations Transforming the Artillery Systems Industry?
4. Which Region Is Leading the Artillery Systems Market?

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