Self Propelled Artillery System Market Overview
Self-Propelled Artillery System Market Size was estimated at 8.18 (USD Billion) in 2022. The Self Propelled Artillery System Market Industry is expected to grow from 8.53(USD Billion) in 2023 to 12.5 (USD Billion) by 2032. The Self Propelled Artillery System Market CAGR (growth rate) is expected to be around 4.33% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Self Propelled Artillery System Market Trends Highlighted
The global self-propelled artillery system market is experiencing significant growth, driven by increased demand for advanced weaponry and modernization programs among armed forces worldwide. Recent geopolitical tensions and conflicts have heightened the need for effective long-range artillery capabilities, propelling market expansion.
The key market driver lies in the increasing demand for precision-guided artillery systems, which offer improved accuracy and range. Governments are investing heavily in these advanced systems to enhance their military readiness and deterrence capabilities. Additionally, modernization programs, especially in emerging economies, are creating opportunities for market growth as countries strive to upgrade their existing artillery systems.In recent times, the market has witnessed a trend towards autonomous and semi-autonomous artillery systems. These systems leverage artificial intelligence (AI) and advanced sensors to enhance target acquisition, reduce response times, and improve operational efficiency. Furthermore, the integration of advanced communication and data-sharing technologies enables seamless coordination and interoperability among artillery units, increasing overall battlefield effectiveness.
Self Propelled Artillery System Market Drivers
Increased Security Concerns and Border Disputes
Given the growing geopolitical tension and disputes between the countries across the world, self-propelled artillery systems have become one of the top priorities for nations emphasizing their defensive capabilities. Equipped with remarkable mobility, precision, and firepower, modern self-propelled artillery systems are indispensable for preventing possible threats and ensuring the safety of national borders. The ongoing armed conflicts across the globe, particularly in the Middle East and Eastern Europe, also highlight the necessity for this type of artillery systems in order to maintain the required level of national security.
Technological Advancements and System Modernization
1.5 Technology The Global Self Propelled Artillery System Market Industry is mostly marked with technological advancements. These include the incorporation of new technologies in artillery systems. Governments and defense organizations have injected more funds in research and development to ensure the effectiveness of equipment used. These include fire control systems, mobility platforms, and ammunition. They ensure higher accuracy and ranges and efficient use.This justifies the adoption of the best technologies that would enhance the military’s effectiveness in target engagement and maintenance of advantage in tactics.
Growing Demand for Precision and Long-Range Capabilities
Modern warfare requires precision and longer-range systems to reduce collateral damage and to increase mission effectiveness. The self-propelled artillery systems are being distinctively modernized to accomplish specifically this peculiar aim, especially by employing the latest development of guidance systems and further developed munitions with extended range. Guided round artillery ensures that every strike is as exact as it can be for better efficacy and fewer civilian casualties or infrastructure damages.The longer range is also in general advantageous tactic allowing for better strategic opportunities and ensuring that the artillery units are applied beyond immediate danger to guarantee greater survival of the units.
Self Propelled Artillery System Market Segment Insights
Self Propelled Artillery System Market Platform Insights
The Global Self Propelled Artillery System Market is segmented into Wheeled Self-Propelled Artillery Systems and Tracked Self-Propelled Artillery Systems on the basis of Platform. The Global Self Propelled Artillery System Market revenue for Wheeled Self-Propelled Artillery Systems is expected to reach USD 4.32 Billion by 2024, growing at a CAGR of 4.85%. Wheeled Self-Propelled Artillery Systems have gained popularity in the system mainly due to the requirements of modern warfare. These gun systems provide their system with increased mobility, flexibility and chances that it will first deploy on the location.
Moreover, wheeled artillery systems, as they are moved by mechanized transport, provide high speed ensuring better protection from enemy artillery fires. The Global Self Propelled Artillery System Market revenue for Tracked Self-Propelled Artillery Systems is expected to reach USD 5.68 Billion by 2024, growing at a CAGR of 4.12%. The wheeled systems are appropriate for on-road combat operations, whereas tracked artillery systems are easily maneuverable off-road or difficult terrains. Tracked Self-Propelled Artillery Systems provide better stability, accuracy, and mobility in cross-country terrains, and dense forests or heavy combat operation platforms.Both Wheeled and Tracked Self-Propelled Artillery Systems have proved critical in modern warfare standards and provide to the various armed forces a long-range weapon capabilities to fire on target locations and also aid in the overall close combat support limits.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Self Propelled Artillery System Market Caliber Insights
The caliber segment is mostly to be the decisive factor applied to the abilities and areas of the self-propelled artillery systems. Although there are several calibers on the market, the 105 mm, the 122 mm, the 155 mm, and the 152 mm ones dominate the sphere. The 155 mm caliber is the leader in terms of the Global Self Propelled Artillery System Market revenue due to its versatility, precision, and greater range. Considering the fact that it is often used by military forces from different countries, it remains a fairly common choice in numerous battlefields.
In this regard, the 105 mm caliber is the topic of particular attention since it is a widely used option dedicated to certain types of light and mobile artillery. Its main advantage is a high degree of mobility that enables frequent and sudden relocations. Therefore, such systems are mainly used by airborne forces that are expected to be mobile and capable of besting rugged mountains. The 105 mm and the 155 mm calibers are the ones to have a more noticeable share, while the 152 mm caliber is a more versatile option, preferred for many activities and applications, including, for instance, counter-battery fire and fire at considerable range.A 122 mm caliber serves the interests of particular countries form the Eastern Europe and Asia, but it has a number of imperfections, and, hence, is used in certain conditions. To sum up, the caliber segment of the Global Self Propelled Artillery System Market segmentation is affected by D drivers such as defense budgets, new threats, and a developing need in a new approach. As a result, governments make efforts to improve and update their artillery, which, in its turn, leads to the development of self-propelled artillery systems of new caliber.
Self Propelled Artillery System Market Propulsion System Insights
The propulsion system segment of the Global Self Propelled Artillery System Market is bifurcated into Diesel Engine and Gas Turbine Engine. Diesel Engine is the most widely used propulsion system in Self Propelled Artillery Systems, accounting for over 60% of the global market share in 2023. This dominance is primarily attributed to the high power-to-weight ratio, fuel efficiency, and reliability of diesel engines. Additionally, diesel engines are relatively inexpensive to manufacture and maintain, making them a cost-effective option for military applications.
Gas Turbine Engines, on the other hand, offer higher power output and better fuel efficiency compared to diesel engines. However, they are more expensive to manufacture and maintain, and their high noise levels can be a disadvantage in certain operational scenarios. Gas Turbine Engines are expected to gain market share in the coming years due to their superior performance characteristics, particularly in high-altitude and extreme weather conditions.
Self Propelled Artillery System Market Range Insights
The Global Self Propelled Artillery System Market is segmented by Range into '0-20 km', '20-40 km', and '40 km and above'. The '20-40 km' range segment held the largest market share in 2023, accounting for around 55% of the global revenue. This is due to the high demand for self-propelled artillery systems with this range capability, as they can effectively engage targets at medium distances. The '0-20 km' range segment is expected to witness the fastest growth over the forecast period, with a CAGR of 6.5%. This growth is attributed to the increasing demand for self-propelled artillery systems with shorter ranges for urban warfare and counter-insurgency operations.
The '40 km and above' range segment is expected to account for a significant market share by 2032, with a CAGR of 5.5%. This growth is driven by the development and deployment of advanced self-propelled artillery systems with extended ranges, enabling them to engage targets at greater distances with increased accuracy and effectiveness.
Self Propelled Artillery System Market Applications Insights
The Applications segment of the Global Self Propelled Artillery System Market is segmented into Field Artillery, Coastal Defense, and Anti-Tank Operations. Field Artillery accounted for the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment is attributed to the increasing demand for self-propelled artillery systems for long-range precision strikes and indirect fire support in various combat scenarios. Coastal Defense is another significant application, particularly for protecting coastlines from enemy ships and amphibious assaults.
Anti-Tank Operations is also gaining traction, driven by the growing need for effective countermeasures against armored vehicles and tanks.
Self Propelled Artillery System Market Regional Insights
The Global Self Propelled Artillery System Market is segmented into North America, Europe, APAC, South America, and MEA. The North American region is expected to dominate the market in 2023, with a market value of 3.2 billion USD. Europe is expected to be the second-largest market, with a market value of 2.5 billion USD. The APAC region is expected to grow at the highest CAGR of 5.2% during the forecast period 2023-2032. The South American and MEA regions are expected to have a moderate growth rate during the forecast period. The growth of the Global Self Propelled Artillery System Market is attributed to the increasing demand for advanced artillery systems from various countries around the world.
The growing need for modernization of armed forces is also driving the market growth. The market is expected to witness significant growth in the coming years, due to the increasing demand for self-propelled artillery systems from emerging economies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Self Propelled Artillery System Market Key Players and Competitive Insights
Major players in the self-propelled artillery systems industry are always attempting to cut a bigger slice of the market cake by engaging in research and development, expanding product range and forming strategic partnerships. In this way, leading actors are endeavoring to produce some highly-developed systems with increased firing range, power and mobility. Moreover, a close-eye is being kept to the question of integrating artiller systems with artificial intelligence and other advanced technologies that can increase its performance and overall efficiency. The Self Propelled Artillery System Market is driven by the increasing demand for more sophisticated and effective systems to be utilized in armies all over the world. The competitive rivalry in the industry is anticipated to stay intense, since leading players are parrying strategically to keep or gain their position.
One of the key rivals in the Self Propelled Artillery System Market industry is BAE Systems. The company offers an M109 self-propelled howitzer, as well as an Archer artillery system. This company in particular is able to boast of its innovative design and datings, and its performance in the industry is quite successful. Nexter Systems is another actors on the self-propelled artillery systems market, who has to be reckoned with.
The company specializes in delivering the CAESAR self-propelled howitzer, which is the most mobile and effective in terms of firing accuracy. In addition, this company is actively advancing in terms of new technologies, such as the KATANA laser-guided artillery shell. And Rheinmetall is another major player on the SPAS market. The PzH 2000 self-propelled howitzer is at the root of this company’s production, and it surely qualifies it as one of the most advanced artillery systems ever produced. In addition, Rheinmetall is actively developing a new product – the BOXER armored fighting vehicle.
Key Companies in the Self Propelled Artillery System Market Include
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KMW
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Nexter Systems
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Elbit Systems
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BAE Systems
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Norinco
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Rheinmetall
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Yugoimport SDPR
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Huta Stalowa Wola
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Leonardo
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Atasay
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Hyundai Rotem
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OTO Melara
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DSTA
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ZTS
Self Propelled Artillery System Market Industry Developments
The global Self Propelled Artillery System Market is projected to reach USD 12.5 billion by 2032, exhibiting a CAGR of 4.33% during the forecast period. Key factors driving market growth include rising geopolitical tensions, increasing demand for long-range and precision artillery systems, and modernization efforts by armed forces worldwide.
The ongoing conflict in Ukraine has highlighted the critical role of self-propelled artillery systems in modern warfare, leading to increased procurement and investment in these systems. Major market players such as BAE Systems, Nexter, and NORINCO are continuously developing and upgrading their product offerings to meet evolving customer requirements. Strategic partnerships and technological advancements, such as the integration of artificial intelligence and autonomous capabilities, are shaping the future of the self-propelled artillery system market.
Self Propelled Artillery System Market Segmentation Insights
Self Propelled Artillery System Market Platform Outlook
Self Propelled Artillery System Market Caliber Outlook
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105 mm
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122 mm
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155 mm
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152 mm
Self Propelled Artillery System Market Propulsion System Outlook
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Diesel Engine
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Gas Turbine Engine
Self Propelled Artillery System Market Range Outlook
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0-20 km
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20-40 km
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40 km and above
Self Propelled Artillery System Market Applications Outlook
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Field Artillery
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Coastal Defense
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Anti-Tank Operations
Self Propelled Artillery System Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
Self Propelled Artillery System Market Report Scope
| Report Attribute/Metric |
Details |
| Market Size 2022 |
8.18(USD Billion) |
| Market Size 2023 |
8.53(USD Billion) |
| Market Size 2032 |
12.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.33% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
KMW ,Nexter Systems ,Elbit Systems ,BAE Systems ,Norinco ,Rheinmetall ,Yugoimport SDPR ,Huta Stalowa Wola ,Leonardo ,Atasay ,Hyundai Rotem ,OTO Melara ,DSTA ,ZTS |
| Segments Covered |
Platform ,Caliber ,Propulsion System ,Range ,Applications ,Regional |
| Key Market Opportunities |
1 Technological advancements2 Growing regional conflicts3 Modernization of defense forces4 Increasing demand for precision guided ammunition5 Growing focus on remote and unmanned operations |
| Key Market Dynamics |
Increasing demand from emerging nations Technological advancements in artillery systems Focus on modernization of existing fleets Growing border conflicts and tensions Rising defense budgets |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
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Frequently Asked Questions (FAQ) :
The global Self Propelled Artillery System market size was valued at 8.53 billion U.S. dollars in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.33% from 2024 to 2032, reaching 12.5 billion U.S. dollars by 2032.
North America is expected to dominate the global Self Propelled Artillery System market throughout the forecast period. The region's dominance can be attributed to the presence of key market players, such as BAE Systems, General Dynamics, and Oshkosh Defense, as well as the increasing demand for advanced artillery systems from countries such as the United States and Canada
The growth of the global Self Propelled Artillery System market is primarily driven by the increasing demand for advanced artillery systems from various countries around the world. Other factors contributing to the market growth include rising geopolitical tensions, advancements in technology, and the need for modernization of existing artillery systems.
Self Propelled Artillery Systems are primarily used for providing fire support to ground forces in various combat situations. They can be employed in a wide range of applications, including direct fire support, indirect fire support, counter-battery fire, and anti-tank operations.
Some of the key competitors in the global Self Propelled Artillery System market include BAE Systems, General Dynamics, Oshkosh Defense, Nexter Systems, and NORINCO. These companies are involved in the design, development, and production of a wide range of Self Propelled Artillery Systems, catering to the needs of various military forces around the world.
The global Self Propelled Artillery System market faces certain challenges, including the high cost of development and production, the need for continuous technological advancements, and the stringent regulatory requirements imposed by various countries. Additionally, intense competition and the emergence of new technologies may pose challenges to market growth.
Some of the latest trends in the global Self Propelled Artillery System market include the adoption of advanced technologies such as artificial intelligence (AI), the integration of unmanned aerial vehicles (UAVs), and the development of hypersonic artillery systems. These trends are driven by the need for increased accuracy, range, and lethality in modern warfare.
The global Self Propelled Artillery System market offers significant growth opportunities due to the increasing demand for advanced artillery systems from developing countries, the modernization of existing artillery systems by various military forces, and the development of new technologies. Additionally, the growing emphasis on force protection and the need for precision strike capabilities are expected to drive market growth.
The COVID-19 pandemic had a moderate impact on the global Self Propelled Artillery System market. While there were some disruptions in supply chains and production schedules, the demand for artillery systems remained steady as countries continued to focus on strengthening their defense capabilities. However, the pandemic may have led to delays in certain procurement programs and affected the timelines for new product development.
The future prospects for the global Self Propelled Artillery System market are positive. The market is expected to continue growing steadily over the next decade, driven by the increasing demand for advanced artillery systems and the need for modernization. Technological advancements and the adoption of new technologies are likely to shape the future of the market, leading to the development of more capable and efficient artillery systems.
