Report Details:
15 Companies Covered
100 Pages
Rising Defense Modernization will positively impact the Global Artillery Systems Market at a CAGR of 6.29% during the forecast period 2025 to 2035.
Market Research Future (MRFR) has published a cooked research report on the “Global Artillery Systems Market” that contains information from 2025 to 2035. The Artillery Systems market is estimated to register a CAGR of 6.29% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Artillery Systems Market. Avibras (Brazil), BAE Systems (UK), China North Industries Corporation (Norinco) (China), Denel SOC Ltd (South Africa), Elbit Systems (Israel), General Dynamics (US), Hanwha Group (South Korea), IMI Systems (Israel), Kmw+Nexter Defense Systems (Netherlands), and Lockheed Martin (US).
Market Highlights
The Global Artillery Systems Market is expected to register a CAGR of 6.29% during the forecast period and is estimated to reach USD 13.04 billion by 2035.
The rapid increase in defense spending and ongoing military modernization programs is significantly contributing to the growth of the artillery systems market. Global territorial disputes and geopolitical tensions have led nations to prioritize investments to strengthen their security infrastructure. Countries such as the United States, China, India, Russia, and the United Kingdom collectively accounted for 62 percent of global defense expenditure in 2020.
Governments are focused on developing precision-based, long-range artillery capabilities that can enhance battlefield superiority. The deployment of advanced technologies, including automated fire control systems and high mobility platforms, is enabling improved lethality and tactical advantage during operations. For instance, in 2020, Russia introduced the S35 Koalitsiya SV self-propelled howitzer featuring automatic real-time firing control and the capability to fire up to 10 rounds per minute to a range of 50 kilometers.
Manufacturers are continuously investing in research and development to bring advanced artillery products like mobile howitzers, rocket artillery, and enhanced ammunition handling systems into service with improved reliability and operational efficiency. In September 2020, the US Army awarded Lockheed Martin a USD 183 million contract to develop and supply High Mobility Artillery Rocket Systems. In March 2022, Elbit Systems was awarded contracts worth USD 130 million to deliver artillery munition production lines in an Asia-Pacific nation.
Segment Analysis
The Global Artillery Systems Market has been segmented based on Type, Range, Component, and Region.
The Artillery Systems Market segmentation based on Type has been segmented into Mortars, Howitzers, Rocket Artillery, and Others. The rocket artillery segment is projected to dominate the Global Artillery Systems Market revenue through the projected period due to its combat support capabilities and high mobility advantage.
Based on Range, the market has been segmented into Short Range, Medium Range, and Long Range. The Medium Range segment is projected to dominate the Global Artillery Systems Market revenue through the projected period, supported by high demand for tactical close-range fire support in regions dealing with territorial conflicts.
Based on Component, the market has been segmented into Gun Turret, Fire Control System, Ammunition Handling System, Auxiliary System, and Others. The auxiliary system segment is expected to dominate the Artillery Systems Market due to rising demand for automation and accuracy in artillery operations.
Region Analysis
By Region, the Artillery Systems Market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America holds a considerable market share and is forecasted to maintain dominance during the forecast period, owing to the presence of major defense contractors and high investments from the United States in artillery modernization.
Europe holds the second-largest market share due to increased procurement of advanced defense solutions in the UK, Russia, Germany, and France. Asia Pacific artillery system adoption is expected to grow at the fastest CAGR due to increasing modernization activities in China, India, Japan, and South Korea.
Key Findings of the Study
• The Global Artillery Systems Market is expected to reach USD 13.04 billion by 2035 at a CAGR of 6.29% during the forecast period.
• North America accounted for the largest market share
• Based on Type, the Rocket Artillery segment was attributed to holding the largest market share in 2024
• Based on Range, the Medium Range segment was attributed to holding the largest market share in 2024
• Avibras, BAE Systems, Norinco, Denel SOC Ltd, Elbit Systems, General Dynamics, Hanwha Group, IMI Systems, Kmw+Nexter Defense Systems, and Lockheed Martin are the key market players