Artillery Systems Market is Projected to Exhibit a CAGR of Approximately 7.22% From 2020-2032

Artillery Systems Market is Projected to Exhibit a CAGR of Approximately 7.22% From 2020-2032

Global Artillery Systems Market is predicted to reach USD 10.86 billion at a CAGR of 7.22% during the forecast period:


Market Research Future (MRFR) has published a cooked research report on the “Global Artillery Systems Market” that contains information from 2023 to 2032. The Global Artillery Systems Market is estimated to register a CAGR of 7.22% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the Global Artillery Systems Market— Avibras, BAE Systems, China North Industries Corporation (Norinco), Denel SOC Ltd, Elbit Systems, General Dynamics, Hanwha Group, IMI Systems, and Lockheed Martin.


Market Highlights


The Global Artillery Systems Market is accounted to register a CAGR of 7.22% during the forecast period and is estimated to reach USD 10.86 Billion by 2032.


The Global Artillery Systems Market refers to the worldwide market for various types of artillery systems, which are heavy firearms designed to launch projectiles over long distances. These systems play a crucial role in modern military forces, providing indirect firepower support to ground troops and influencing the battlefield by delivering accurate and powerful munitions.


Factors driving the growth and evolution of the global artillery systems market include technological advancements in artillery design, increasing demand for long-range precision firepower, geopolitical tensions, and the need for modernizing armed forces. Overall, the Global Artillery Systems Market is a complex and dynamic sector, influenced by geopolitical factors, technological advancements, and the evolving needs of armed forces around the world.


Segment Analysis


The Global Artillery Systems Market has been segmented based on type, component and range.


On the basis of type, the market is segmented into Mortars, Howitzers and Rocket Artillery. The howitzers category generated the most income. The howitzer, an armored mobile artillery system, is widely used as a combat support weapon.


Based on component, the market has been segmented into Gun Turret, Fire Control System and Ammunition Handling System. The fire control system category generated the most income because there is a growing need for weapon assemblies with fast fire rates and reduced recoil, due to increased demand for weapon systems designs for creating low-cost reproductions of weapon assembly by the ordnance factories in nations like China and India.


Based on range, the market has been segmented into Short Range, Medium Range and Long Range. The short range segment dominated the market. Short-range artillery weapons are useful against close-range, lower-flying targets when efficiency and accuracy are crucial to guaranteeing the survival of the deployed men.


Regional Analysis


The Global Artillery Systems Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Artillery Systems Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Artillery Systems Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Artillery Systems Market comprises of Middle East, Africa, and Latin America.


In North America, United States is major global defense player, the U.S. invests in advanced artillery systems, including self-propelled howitzers and rocket artillery, to maintain its military superiority.


Russia maintains a robust artillery capability, with a focus on long-range systems and multiple launch rocket systems. Geopolitical tensions in the region drive modernization efforts to enhance accuracy and firepower.


In Asia-Pacific, China's growing military capabilities include investments in modern artillery systems, such as self-propelled howitzers and rocket artillery, to strengthen its regional influence and defense posture. India maintains a diverse artillery inventory and seeks to enhance its long-range and precision capabilities. The country is focusing on indigenous development and acquisition of advanced systems.


Furthermore, the rest of the world's Global Artillery Systems Market is divided into the Middle East, Africa, and Latin America.  Brazil seeks to modernize its artillery capabilities to protect its vast territory. Indigenous development and international partnerships play a role in its artillery system upgrades.


Key Findings of the Study



  • The Global Artillery Systems Market is expected to reach USD 10.86 Billion by 2032, at a CAGR of 7.22% during the forecast period.

  • In North America, United States is major global defense player, the U.S. invests in advanced artillery systems, including self-propelled howitzers and rocket artillery, to maintain its military superiority.

  • Based on component, the market has been segmented into Gun Turret, Fire Control System holding the largest market in 2022.

  • Avibras, BAE Systems, China North Industries Corporation (Norinco), Denel SOC Ltd, Elbit Systems, General Dynamics, Hanwha Group, IMI Systems, and Lockheed Martin.

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