Artillery Systems Market – Introduction

Artillery system is a heavy and long ranged military weapons. The system consist of military weapons such as howitzer, rocket, and mortar to fire for far distance target that are beyond the reach of small range munitions. Multiple countries are using artillery systems in their defense forces during war situation to fire munitions over a long distance. Technological advancement upgraded the artillery systems to lighter, self-propelled, more mobile, and enhanced the firepower for battlefield use. Artillery systems are increasingly used in defense forces owing to its precise firepower, superior accuracy and less reload time.

Artillery Systems Market – Competitive Landscape

BAE Systems

Founded in 1979, BAE Systems is headquartered in London, United Kingdom. The company provide wide range of products and services for land, air, and naval forces. Additionally, the company design, develops, and manufactures advanced electronics, security, information technology solutions and customer support services for aerospace and defense industry. In July 2019, the company engaged in a contract of US$ 45 million with U.S. army for providing the Extended Range Cannon Artillery (ERCA) prototype to increase the range and rate of fire for self-propelled howitzers.

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Lockheed Martin Corporation

Founded in 1995, Lockheed Martin Corporation is headquartered in Bethesda, Maryland, United States. The company is a global security and aerospace company that designs, develops, and manufactures advanced technology systems, products and services for aerospace and defense industry. In July 2019, the company was awarded by U.S. army, U.S. Marine Corps, Romania and Poland under a US$ 492 million contract for providing high mobility artillery rocket system launchers.

General Dynamics Corporation

Founded in 1975, General Dynamics Corporation is headquartered in Stockholm, Sweden. The company provide information technology solutions for geospatial, agriculture, and mining industry worldwide. In June 2019, the company received a contract of US$ 15 million from the U.S. Army to develop the U.S. Army’s next generation 155mm artillery ammunition prototype and extend its cannon range with more than 24 miles.

Elbit Systems Ltd.

Founded in 1966, Elbit Systems Ltd. is headquartered in Haifa, Israel. The company developes, and provide various land, airborne, and naval products and systems for defense, and homeland security use. In March 2019, the was awarded with US$ 125 million contract from the Israeli Ministry of Defense for providing fully automatic self-propelled howitzer gun systems for Israeli defense forces.

Some of the key players operating in the global artillery systems market with significant developments include BAE Systems, Lockheed Martin Corporation, Elbit Systems Ltd., Nexter Group, General Dynamics Corporation, Avibras, Hanwha Techwin Co, Ltd., NORINCO Group, Denel SOC Ltd., and IMI Systems Ltd., among others.

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Artillery Systems Market – Dynamics

Increase in Number of Special Security Agreement for Technological Advancement Fuel the Growth of Artillery System Market

One of the major driving factors for the growth of global artillery systems market is increasing in number of special security agreements between department of defense and artillery systems manufacturing companies. Over the years, the defense department of various countries are focusing on strengthening their defense forces by investing huge amount in special security agreement with multiple defense companies for technological advancement in artillery systems. Artillery systems consist of rocket, howitzer, and mortar.

Artillery systems are used in land, air, and naval forces during training and war situation. Under the contract, artillery systems are being modified with improved rate and range of fire, accuracy to hit target locations, chassis performance, and technological advancement in launching systems. Use of technologically advanced howitzer, rockets, and mortar helps to optimize the performance of artillery systems. Hence, growing demand for artillery systems from defense industry and increase in defense expenditure for technological advancement in artillery systems from defense department of various countries across the globe are driving the growth of the global artillery systems market.

Artillery Systems Market – Segmentation

The artillery systems market can be divided on the basis of:

  • Type
  • Component
  • Range
  • End User
  • Region

Artillery Systems Market Segmentation – By Type

On the basis of the type, the artillery systems market can be segmented into:

  • Howitzer
  • Rocket
  • Mortar
  • Anti-Air

Artillery Systems Market Segmentation – By Component

Depending on the component, the artillery systems market can be divided into:

  • Fire Control System
  • Ammunition Handling System
  • Gun Turret
  • Engine
  • Chassis

Artillery Systems Market Segmentation – By Range

On the basis of the range, the artillery systems market can be segmented into:

  • Long Range
  • Medium Range
  • Short Range

Artillery Systems Market Segmentation – By End User

Depending on the end user, the artillery systems market can be divided into:

  • Aerospace & Defence
  • Homeland Security

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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