Artillery Systems Market size was valued at US$ 13.45 Bn. in 2022 and the total revenue is expected to grow at 6.8 % through 2022 to 2029, reaching nearly US$ 21.32 Bn.
Global Artillery Systems Market Overview:
The "Artillery Systems Market " is an in-depth look at the Global Artillery Systems Market , with a focus on global market trends and analysis. This study seeks to provide an overview of the Global Artillery Systems Market industry as well as detailed market segmentation by segment and geography. The Global Artillery Systems Market is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top Global Artillery Systems Market firms, as well as significant industry trends and opportunities.
Market Scope :
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segmentation of Global Artillery Systems Market :
By Kind, Howitzer is expected to rule the Type segment of the Global Artillery Systems in the upcoming years due to the defence forces' growing preference for towed weapon systems that may be used in geographically challenging scenarios. The availability of attributes like portability, affordability, and ease of use has led to a 3.8% growth in demand for Mortar by the world's defence forces in the second decade of this century.
Using Calibre, The Medium Calibre is expected to rule the Calibre segment of the Global Artillery Systems Market in the next years due to its portability and ease of use on the battlefield. The market for Heavy Calibre Artillery Systems will rise by 3.1% between 2015 and 2022 as a result of emerging nations' increasing propensity for mounting long-range fire systems on wheels to expand the kill zone.
From Range, In the upcoming years, the range segment of the global artillery systems market is expected to be dominated by Medium Range because to an increase in demand for equipment that provides launching assembly for moderately destructive bombs. Long Range Artillery Systems have seen a 3.6% growth in demand from the armed forces of nations including the US, China, Israel, and India in the second decade of this century due to a growing preference for weapon assemblies that can locate and effectively execute long-distance targets.
By Constituent, In the next years, the Fire Control System is expected to dominate the Component section of the Global Artillery Systems Market because to the growing need for weapon assemblies that have a rapid firing rate and slow recoil velocity. The need for Auxiliary Systems will rise by 2.1% from 2022 to 2029 as a result of an increase in the demand for weapon systems designs for creating low-cost reproductions of weapon assembly by the ordnance factories present in nations like China and India.
by the end user In the upcoming years, the OEMs are expected to dominate the End User segment of the Global Artillery Systems Market because to the increased demand from defence forces around the world for weapon assemblies with low recoil velocities. Through aftersales, sales of Artillery Systems to poor and developing countries increased by 4.3% from 2022 to 2029 as a result of the expanding desire for low-cost used weapons assembly to improve their military power.
by Type
• Howitzer
• Rocket
• Anti-air
• Mortar
• Others
by Caliber
• Small Caliber
• Medium Caliber
• Heavy Caliber
by Range
• Short Range
• Medium Range
• Long Range
by Component
•Engine
• Chassis
• Gun Turret
• Fire Control System
• Ammunition Handling System
• Auxiliary Systems
by End User
• OEM
• Aftersales
Key Players of Global Artillery Systems Market :
Primary and secondary research is used to discover industry titans, while primary and secondary research is utilized to assess market revenue. The core research included in-depth interviews with a variety of thought leaders and industry experts, including experienced front-line personnel, CEOs, and marketing specialists. Secondary research comprised an examination of well-known manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then cross-checked against primary data. The following are a few companies working in the Global Artillery Systems Market industry.
- • Elbit Systems Ltd.
• Raytheon Technologies Corporation
• Aubert & Duval
• BAE Systems
• Lockheed Martin Corporation
• General Dynamics
• RUAG Group
• Leonardo S.p.A.
• Nexter Group
• ST Engineering
• KMW+Nexter Defense Systems
• Hanwha Group
• Denel SOC Ltd.
• IMI Systems
• Avibras
• China Ordnance Industries Group Corporation
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Regional Analysis :
The Global Artillery Systems Market research focuses into geographic analysis, which is further separated by sub-regions and nations. Profit projections and market share statistics for each country are included in this section of the research. This component of the study examines each region's and country's share and growth rate throughout the forecasted time period.
The report provides a thorough PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after considering political, economic, social, and technical issues effecting the Global Artillery Systems Market in various sectors.
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COVID-19 Impact Analysis on Global Artillery Systems Market :
Customer behaviour has changed as a result of the COVID-19 virus across all areas of society. Businesses, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19's influence on the Global Artillery Systems Market and will assist you in developing your business in accordance with the new industry norms.
Under the COVID-19 Impact section, the Global Artillery Systems Market Report delivers a 360-degree research ranging from the agile supply chain and trade restrictions to regional government policies and the firm's future impact. Primary market research (2021-2027), instances of venture rivalry, the benefits and drawbacks of large corporate channels, and industry growth trends (2021-2027) have all been provided.
Key Questions Answered in the Global Artillery Systems Market Report are :
- How big is the market for Global Artillery Systems Market ?
- Which regional market will emerge as the market leader in the next years?
- Which application category is expected to develop the fastest ?
- What opportunities for growth could exist in the Global Artillery Systems Market industry in the next years?
- What are the most significant future challenges that the Global Artillery Systems Market may face?
- Who are the market leaders in the Global Artillery Systems Market category?
- What are the main trends that are influencing market growth?
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