Howitzer Systems Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Howitzer Systems Market Size By 2025?
The market size for howitzer systems has seen rapid expansion in the recent past. The market, which is set to grow from $27.49 billion in 2024 to $30.38 billion in 2025, boasts a compound annual growth rate (CAGR) of 10.5%. Factors contributing to such growth during the historic period include the modernization of the military, escalating cross-border tensions, an increase in defense expenditure, augmented demand for mobile artillery, and a growing emphasis on long-range precision firepower.

How Big Is the Howitzer Systems Market Size Expected to Grow by 2029?
The market for howitzer systems is anticipated to experience substantial growth in the coming years, with projections indicating a rise to $44.91 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 10.3%. The surge in growth during the forecast period is expected to result from a rising demand for self-governing artillery systems, an increase in defense research and development investments, growing acceptance of high-tech targeting technologies, boost in military budgets in developing countries, and a transition to network-centric warfare. Major trends projected for the forecast period are improvements in automation and targeting systems, advanced synergy with drone surveillance, the creation of hybrid-powered howitzers, advancements in lightweightcomposite materials, and developments in modular artillery platforms.

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Which Key Market Drivers Powering Howitzer Systems Market Expansion and Growth?
The escalation of geopolitical discord is predicted to fuel the expansion of the howitzer systems market in the future. The term "geopolitical tensions" denotes the frictions or hostility between countries or regions, mainly due to disagreements over political, economic, or territorial agendas, which generally result in conflict or instability. Territorial disputes act as a catalyst in escalating geopolitical tensions, as they breed suspicion among nations and frequently prompt military reinforcement to safeguard asserted territories. Howitzer systems play a key role in tempering these escalating political tensions by offering swift, far-reaching, and accurate firepower, reinforcing military deterrence, assuring frontline dominance, and boosting a country's preparedness in areas marked by high levels of conflict. For example, the Institute for Economics and Peace, a think tank based in Australia, stated in February 2024, that in 2023, the number of fatalities caused by terrorism experienced a 22% rise to 8,352, with the severity of attacks escalating considerably, recording an average of 2.5 deaths per event as compared to 1.6 in 2022. Hence, the mounting geopolitical tensions are propelling the growth of the howitzer systems market.

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Which Fast-Growing Trends Are Poised to Disrupt the Howitzer Systems Market?
Major enterprises in the howitzer systems market are emphasizing on creating promising tech-advanced methods, like turreted truck-mounted howitzer systems for improved battlefield mobility, speedy mobilization, and extended range precision firepower. Truck-mounted howitzer systems with turrets are innovative self-propelled artillery platforms installed on wheeled vehicles possessing revolving turrets that offer swift motion, accelerated firing sequences, and 360-degree targeting versatility. For example, in February 2024, Norinco, a defense and military technology establishment based in China, introduced a new turret-mounted 155mm howitzer. The system brings together a 14-ton unmanned turret and a 6×6 wheeled frame, stressing on mobility and mechanization, making it attractive to the export markets. It comes with an armored compartment for two people, a highly autonomous fire control and loading system, and hydraulic stabilizers for precise shooting. The howitzer is capable of firing NATO-standard and precision-guided ammunition to a range of 53-56 km. Norinco's new launch underscores its global competitiveness with modern Western equivalents like the RCH-155 and CAESAR.

What Are the Emerging Segments in the Howitzer Systems Market?
The howitzer systems market covered in this report is segmented -

1) By Type: Self-Propelled Howitzer, Airborne Howitzer, Truck Mounted Howitzer, Towed Howitzer, Other Types
2) By Caliber: 105 MM, 155 MM, 203 MM, Other Calibers
3) By Mobility: Towed, Tracked, Wheeled
4) By Application: Siege Warfare, Counter-Battery Fire, Artillery Support, Strategic Bombardment, Other Applications

Subsegments:
1) By Self-Propelled Howitzer: Tracked Self-Propelled Howitzers, Wheeled Self-Propelled Howitzers, Hybrid Propulsion Self-Propelled Howitzers
2) By Airborne Howitzer: Lightweight Airborne Howitzers, Rapid Deployment Airborne Howitzers, Helicopter-Transportable Airborne Howitzers
3) By Truck Mounted Howitzer: 4x4 Mounted Systems, 6x6 Mounted Systems, 8x8 Mounted Systems
4) By Towed Howitzer: Light Towed Howitzers, Medium Towed Howitzers, Heavy Towed Howitzers
5) By Other Types Howitzer: Naval Howitzers, Amphibious Howitzers, Robotic Or Autonomous Howitzer Platforms

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Who Are the Global Leaders in the Howitzer Systems Market?
Major Companies operating in the howitzer systems market are BAE Systems, Larsen & Toubro Limited, Thales Group SA, Rheinmetall AG, Elbit Systems Limited, Hanwha Aerospace Co. Ltd., Day & Zimmermann Inc., Poongsan Corporation, Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi, General Dynamics Corporation, Nammo AS, Singapore Technologies Engineering Ltd, AM General LLC, RUAG International Holding AG, Yugoimport-SDPR Javno Preduzece, Denel (Pty) Ltd - Land Systems Division, Nexter Systems SA, KMW+NEXTER Defense Systems N.V., Tata Advanced Systems Limited, Junghans Microtec GmbH.

Which are the Top Profitable Regional Markets for the Howitzer Systems Industry?
North America was the largest region in the howitzer systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the howitzer systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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