Artillery Systems Market Expected to Witness the Highest Revenue Growth Over Forecast Period From 2023 to 2028

1. Mortars, Anti-air weapons, Artillery), Range(Short-range, Medium-range, Long-range), Subsystem and Region (North America, Europe, Asia Pacific, ROW) - Global Forecast to 2028 Sign In Search Reports   FREE BROCHURE  FREE SAMPLE REPORT Report Code: AS 5977Jun, 2023, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF [227 Pages Report] The Artillery Systems Market is estimated to be USD 11.8 Billion in 2023 and is projected to reach USD 16.0 Billion by 2028, at a CAGR of 6.2% from 2023 to 2028. One key driving factor for Artillery Systems Industry is their capability to provide long-range firepower and precision support on the battlefield. Artillery systems play a critical role in modern warfare by delivering large-caliber projectiles to distant targets with accuracy, enabling forces to engage enemy positions, disrupt enemy movements, and provide indirect fire support to friendly troops. The range and precision offered by artillery systems give them a unique advantage in combat situations. They can engage targets beyond the line of sight, meaning they can hit targets that are not directly visible to the operators. This allows artillery units to engage enemy forces from a safe distance, reducing the risk to friendly troops. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info. X   REQUEST FREE SAMPLE REPORT Call Email

2. Artillery Systems Market Forecast to 2028 To know about the assumptions considered for the study, Request for Free Sample Report Artillery System Market Dynamics: Drivers: Advancing Artillery Enhancing Capabilities for Modern Warfare Modernization initiatives in the context of artillery systems refer to the efforts undertaken by defense forces to upgrade and enhance their existing artillery capabilities with the latest technologies, equipment, and operational concepts. These initiatives aim to improve the effectiveness, range, accuracy, mobility, and overall battlefield performance of artillery systems. Modernization involves replacing outdated or obsolete artillery systems with newer models that incorporate advanced features, such as digitalized fire control systems, improved targeting systems, enhanced communication capabilities, and more efficient ammunition. It also entails integrating artillery systems with other modernized components of the military, such as command and control systems, surveillance systems, and unmanned platforms, to enable seamless and network-centric operations. The drivers behind modernization initiatives include the need to keep pace with evolving threats, technological advancements, and changing operational requirements. Defense forces recognize the importance of having artillery systems that can engage targets accurately, rapidly, and with precision, particularly in complex and dynamic battlefield environments. Modernization initiatives also aim to enhance the survivability of artillery units by integrating them with advanced protection systems, such as active defense systems and improved mobility platforms. Furthermore, modernization initiatives often focus on achieving interoperability and standardization within a country's military or among allied nations. This facilitates joint operations, information sharing, and coordination between different units and branches of the military. Additionally, modernization efforts can result in cost savings by streamlining logistics, maintenance, and training processes through commonality of equipment and systems. Overall, modernization initiatives in the artillery systems domain are driven by the pursuit of maintaining a technological edge, optimizing operational effectiveness, and ensuring the readiness of defense forces in the face of emerging threats and changing warfare dynamics

3. Restraints: Limited Ammunition Storage Space in Artillery Systems Limited space for ammunition storage poses a significant restraint in the artillery system market. Artillery systems require sufficient storage space to house a substantial quantity of ammunition, which is essential for sustained operations and prolonged engagements. However, various factors contribute to the restraint of limited space for ammunition storage: Size and Weight Constraints: Ammunition for artillery systems can be bulky and heavy, requiring dedicated storage facilities that can accommodate the specific dimensions and weight of the munitions. Limited physical space can restrict the quantity of ammunition that can be stored, potentially impacting the operational readiness and effectiveness of artillery units. Safety Considerations: Ammunition storage necessitates adherence to strict safety protocols and regulations. Adequate space is required to implement proper storage practices, such as maintaining appropriate distances between ammunition, ensuring proper ventilation, and providing necessary security measures. Limited space may impede the ability to adhere to these safety guidelines, posing risks to personnel and equipment. Mobility and Logistics Challenges: Artillery systems often operate in dynamic and rapidly changing environments. Limited space for ammunition storage can present logistical challenges, including the need for frequent resupply and replenishment of ammunition. Insufficient storage capacity can hamper the ability to sustain operations for extended periods without interruption or delays. Vulnerability to Attacks: Compact ammunition storage areas are vulnerable to attacks and can be targeted by adversaries seeking to disrupt or destroy artillery capabilities. Limited space for storage reduces the options for dispersing ammunition, making it more susceptible to damage from enemy actions, including direct attacks or indirect fire. Cost Implications: Expanding storage facilities or constructing additional ammunition storage infrastructure to overcome space limitations can be costly. Limited budgets may restrict the allocation of funds for such expansion, further exacerbating the constraints on ammunition storage capacity. Furthermore, the addition of armaments, power systems, and modules results in reducing the existing space in artillery platforms. Limited ammunition carrying capacity of artillery systems affects continuous firing operations. Artillery systems require frequent loading of ammunition from ammunition resupply vehicles. Thus, the limited supply of ammunitions delays bombarding operations by several minutes, thereby acting as a restraint to the artillery systems market. Opportunities: Unmanned Artillery Systems transform Battlefield due to Autonomous Firepower Unmanned artillery systems also provide opportunities for increased battlefield adaptability. These systems can be rapidly deployed and repositioned as needed, allowing for dynamic response to changing operational requirements. Additionally, unmanned artillery systems can be integrated with other autonomous platforms, such as drones or ground robots, forming a networked and coordinated unmanned force for enhanced situational awareness and

4. collaborative engagement. Furthermore, the use of unmanned systems can reduce the logistical footprint by requiring fewer personnel and support equipment, thereby streamlining operations and increasing operational efficiency. The development and deployment of unmanned artillery systems also spur innovation in areas such as artificial intelligence, robotics, and advanced sensors, contributing to technological advancements and fostering cross-sector collaboration. Overall, unmanned artillery systems open up opportunities for militaries to improve their effectiveness, flexibility, and cost-efficiency, while staying at the forefront of modern warfare capabilities. Challenges: High Costs of Artillery Systems The design and development of self-propelled artillery requires sufficient time, capital, and technical expertise. Self-propelled artillery, also known as mobile artillery or locomotive artillery, are equipped with their own propulsion system to move towards their target. They are used for long-range indirect bombardment support on the battlefield. The unique capabilities of self- propelled artillery, such as high lethality and improved maneuverability, have led to their increased costs. The high costs involved in the development of advanced technologies for self- propelled artillery act as a key challenge to the growth of the artillery systems market, especially for emerging nations. The average cost of a self-propelled artillery unit is 6.7 million; this cost increases depending on advanced specifications of these weapons. Thus, manufacturers prefer prototyping of weapons and their components prior to their development based on the global demand, as failure of the developed model could incur huge losses. Artillery Systems Market Ecosystem Lockheed Martin Corporation (US), Bae Systems (UK), Hanwha Group (South Korea), Rheinmetall AG ( Germany), Nexter Group (France), Norinco Internation Cooperation Ltd. (China), Rostec (Russia), Elbit Systems (Israel) are some of the leading companies in the artillery systems market.

5. Based on Howitzer, the Medium Caliber Segment Will Record the Highest Market Share of Artillery Systems During the Forecast Period Artillery systems in medium caliber howitzer segment which includes caliber of 100 MM- 155 MM are experiencing significant growth due to several factors. Mediu caliber provides a balance between range and lethality. Its larger caliber allows it to achieve extended ranges compared to smaller artillery shells, enabling artillery units to engage targets at greater distances. This increased range enhances the reach and flexibility of artillery systems, enabling them to support operations over a wider area.maneuverability makes it challenging for interceptors to track and engage these weapons effectively. This high explosive capacity makes it capable of engaging a wide range of targets, including fortified positions, armored vehicles, and personnel concentrations. The shell's impact and blast effects can cause significant damage to the target area, disrupting enemy operations and providing a suppression effect. Based on Mortars, the Small Caliber Segment Will Record the Highest Market Share of Artillery Systems During the Forecast Period Artillery systems in small caliber mortar segment are witnessing rapid growth due various factors. Firstly, their portability and lightweight design are key advantages. Small caliber mortar systems are more easily transported and deployed, providing greater maneuverability for infantry units. They can be disassembled into smaller components and carried by soldiers, allowing for rapid emplacement and disengagement. This mobility enables infantry forces to quickly establish and relocate mortar positions, maintaining flexibility and adaptability during dynamic combat situations. Secondly, small caliber mortars excel at providing close-range indirect fire support. Their compact size allows them to be effectively employed in complex terrain, urban environments, or restrictive areas where larger artillery systems may be impractical. They can engage targets in close proximity to friendly forces, offering immediate and responsive fire support to troops in direct contact with the enemy. Based on Artillery, the Coastal Artillery Segment Will Record the Highest Market Share of Artillery Systems During the Forecast Period Coastal Artillery has secured the largest market share in Artillery segment of artillery systems primarily due to its high accuracy. Coastal artillery systems offer several significant benefits for coastal defense and maritime security. Firstly, these systems provide a formidable deterrent against hostile naval forces and potential amphibious assaults. The presence of coastal artillery acts as a visible and tangible defense, dissuading adversaries from attempting aggressive actions or incursions into coastal areas. Secondly, coastal artillery systems play a critical role in protecting strategic maritime assets and critical infrastructure. They can defend ports, harbors, naval bases, and other vital coastal installations from attacks by hostile ships, submarines, or amphibious forces. Asia Pacific is Expected to Lead the Artillery Systems Market in 2023 Artillery systems in the Asia pacific region are experiencing significant growth due to several key factors. Firstly, The Asia-Pacific region is home to several major military powers which includes

6. China, Japan, India, Australia among others. These countries have high military budgets and have been modernizing its military capabilities and has invested heavily in areas such as self- propelled howitzers and MLRS. Secondly, the rapid technological advancements and investments in artillery systems technology drive the market in this region, major Asian pacific countries have developed or invested in the development and procurement of artillery systems Artillery Systems Market by Region To know about the assumptions considered for the study, download the pdf brochure Artillery Systems Industry Companies: Top Key Market Players Lockheed Martin Corporation (US), Bae Systems (UK), Hanwha Group (South Korea), Rheinmetall AG ( Germany), Nexter Group (France), Norinco Internation Cooperation Ltd. (China), Rostec (Russia), General Dynamics Corporation (US), Avibras (Brazil), Elbit Systems (Israel) are some of the leading companies in the Artillery Systems Companies. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Get online access to the report on the World's First Market Intelligence Cloud  Easy to Download Historical Data & Forecast Numbers  Company Analysis Dashboard for high growth potential opportunities  Research Analyst Access for customization & queries  Competitor Analysis with Interactive dashboard  Latest News, Updates & Trend analysis REQUEST SAMPLE

7.  Click on image to enlarge Scope of the Report Report Metric Details Estimated Market Size USD 11.8 Billion in 2023 Projected Market Size USD 16.0 Billion by 2028 Growth Rate 6.2% Forecast Period 2023 to 2028 Market Size Available for Years 2019–2028 Base Year Considered 2022 Forecast Period 2023–2028 Forecast Units Value (USD billion) Segments Covered Type, range, subsystem, and region Geographies Covered North America, Europe, Asia Pacific, Rest of the World

8. Companies Covered Norinco Internation Cooperation Ltd. (China), Lockheed Martin Corporation (US), Nexter Group (France), RUAG Group (Switzerland), Rostec (Russia), Thales Group (France), Bae Systems (UK), General Dynamics Corporation (US), ST Engineering (Singapore), Elbit Systems (Israel), Rheinmetall AG (Germany), Leonardo (Italy), Denel SOC Ltd (South Africa), Hanwha Group (South Korea), Avibras (Brazil), Navantia (Spain), Roketsan AS (Turkey), Tata Advanced Systems Limited (India), Arsenal JSco (Bulgaria), Otokar (? Turkey), OTO Melara (Italy), Soltam Systems (Israel), Poongsan Corporation (South Korea), Kalyani Group (India), Aselsan AS (Turkey) Artillery Systems Market Highlights This research report categorizes artillery systems based on Type, range, subsystem, and region. Segment Subsegment By Type: Howitzers Medium Caliber Large Caliber Mortars Small Caliber Medium Caliber Rocket Launchers Man-Portable Air-Defense Systems (MANPADS) Multiple launch rocket systems (MLRS) Anti-air weapons Air defense gun Counter rocket, artillery and mortar (C-RAM) Artillery Naval Artillery Coastal Artillery By Subsystem: Turrets Engines Fire Control Systems Ammunition Handeling Systems Chassis Auxiliary Systems By Range: Short-range Medium-range

9. Long-range By Region: North America Europe Asia Pacific Rest of the World Recent Developments In April 2023, Lockheed Martin Corporation (US) was awarded contract from the US Army. The contract was valued at USD 615 million and was aimed to manufacture HIMARS (High Mobility artillery rocket system) and related equipment. In May 2023, Rostec (Russia) announced new improvements in Pantsir S1 Air Defence gun Systems and other artilleries systems with improved guidance and range based on the combat experience in the Ukraine war. In November 2020, Bae Systems (UK) was awarded contract worth USD 2.4 billion from ministry of defence UK to supply munitions for artilleries for the UK armed forces for a period of 15 years. Frequently Asked Questions (FAQ):  What is the current size of the artillery systems market?  What are the key sustainability strategies adopted by leading players operating in the artillery systems market?  What new emerging technologies and use cases disrupt the artillery systems market?  Who are the key players and innovators in the ecosystem of the artillery systemse market?  Which region is expected to hold the highest market share in the artillery systems market? To speak to our analyst for a discussion on the above findings, click Speak to Analyst Custom Market Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

10. Get recent trends delivered to your inbox Overtake your competition with ease. STAY TUNED REPORT CODE AS 5977 PUBLISHED ON JUN, 2023  REQUEST FREE SAMPLE REPORT CHOOSE LICENSE TYPE Single User - $4950 Corporate License - $8150 BUY NOW Inquire Before Buying ADJACENT MARKETS Multiple Launch Rocket Systems (MLRS) Market Remote Weapon Station Market Armored Vehicles Market Air Defense System Market REQUEST BUNDLE REPORTS

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