Artillery Systems Market

Global Artillery Systems Market: Overview

The artillery systems are specially designed, high or short-range military weapons. These products are particularly designed to launch ammunitions from a safe distance to one’s own troops. These products are widely used in various military missions and operations. Key types of products offered by leading manufacturers and companies in the global artillery systems market includes howitzers, mortars, and rocket artillery, among others. Owing to their light-weight nature and small size, the mortar products receive highest demand in the global artillery systems market. Furthermore, they have higher mobility than others, which further propels their adoption.

Based on the component, the products can be further divided into fire control systems, auxiliary systems, gun turret, and ammunition handling systems, among others. Among these, the highest demand within the global artillery systems market can be attributed to fire control systems, owing to the increase in demand for advanced firing and precise target detecting systems. By range, the products and solutions in the global artillery systems market can be divided into long range, short range, and medium range. Amongst these, medium range products account for the highest share in the global artillery systems market. Higher preference for medium range artillery systems by military forces can be attributed to increase in the border disputes and related conflicts across the world.

Global Artillery Systems Market: Major Trends and Drivers

Rising demand for technologically advanced artillery systems in military operations is one of the strongest drivers for the global artillery systems market. Furthermore, increase in the concern for safety of troops, as well as increasing instances of high-stake military missions, is boosting market growth. Furthermore, growth in the global artillery systems market is also driven by rising instances of terrorist attacks, increasing tensions caused by conflicts between various countries, and increase in the number of violent activities across the world. In addition to this, increasing awareness regarding the protection of armed forces by defense ministries and government bodies is also boosting growth within the global artillery systems market.

Additionally, growing investments by government authorities, defense agencies, and armed forces to innovate military weapons is also thrusting growth in the global artillery systems market. However, the requirement of high capital for initial acquisition of these high-end systems may restrain the growth within the global artillery systems market in coming years. On the other hand, increasing demand for next-gen and accurate targeting artillery systems is most likely to boost the demand within the global artillery systems market in coming years.

Global Artillery Systems Market: Key Players and Manufacturers

Some of the key manufacturers and players operating in the global artillery systems market include BAE Systems, Denel SOC Ltd., General Dynamics, IMI Systems, Lockheed Martin, Avibras, China North Industries Corporation, Elbit Systems, Hanwha Group, and KMW+Nexter Defense Systems, among others. Players operating in the global artillery systems market are focused on adopting various growth and expansion strategies to enhance their industry share in coming years. Players are also focused on enhancing their services and products by providing upgradation services to governments and artillery system owners. They are also engaged in developing and offering new and innovative services and solutions to help level up the pre-existing artillery systems. This helps the military personnel in precise targeting to ensure a successful attack.

Global Artillery Systems Market: Regional Assessment

North America is most likely to account for the highest share in the global artillery systems market in coming years. This trend can be ascribed to growing demand from regional economies, such as Canada and the United States. Apart from North America, another leading region in the global artillery systems market is Europe. Growing demands from economies such as France, Germany, the United Kingdom, and Russia, owing to increasing instances of terror attacks is boosting demand within the Europe market. Furthermore, owing to an increase in the number of border disputes is also propelling growth within the Asia Pacific artillery systems market.