Global Artillery Systems Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

Recent Developments

• July 2023: Elbit Systems Ltd. secured a contract worth USD 150 million to provide PULS™ (Precise and Universal Launching Systems) rocket launchers along with a package of precision-guided long-range rockets.

• July 2023: The UK Ministry of Defence (MoD) awarded a USD 4.5 million contract to BAE Systems Bofors AB for supporting the Archer Artillery System. The contract encompasses various services, including technical design, configuration, training, maintenance, repair, and configuration management for the Archer Artillery Systems.

• April 2023: Lockheed Martin Corporation received a USD 615 million contract from the US Army to produce HIMARS (High Mobility Artillery Rocket System) and associated equipment.

• May 2023: Rostec announced enhancements to the Pantsir S1 Air Defense Gun Systems and other artillery systems, incorporating improved guidance and range based on combat experiences gained during the Ukraine war.

• November 2020: BAE Systems was awarded a USD 2.4 billion contract by the UK Ministry of Defence to supply artillery munitions to the UK Armed Forces for a period of 15 years.

This report extensively covers different segments of Global Artillery Systems Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).

The market is segmented based on artillery type, including Howitzers, Mortars, Anti-Air Artillery, Rocket Artillery, and other specialized systems. Each type offers unique advantages and capabilities, catering to specific mission requirements and battlefield scenarios.

Artillery systems are classified based on their operational range, categorized as Short, Medium, and Long-range systems. Short-range artillery systems are typically employed for close support missions and urban warfare, offering high mobility and rapid deployment capabilities. Medium-range systems strike a balance between mobility and firepower, suitable for engaging targets across intermediate distances. Long-range artillery systems provide extended reach and precision engagement capabilities, enabling forces to engage targets deep within enemy territory or at standoff distances.

Geographically, the Global Artillery Systems Market spans regions worldwide, reflecting the global demand for these critical military assets. Each region presents unique opportunities and challenges, influenced by factors such as defense budgets, geopolitical tensions, and evolving security threats.

Global Artillery Systems Segment Analysis

In this report, the Global Artillery Systems Market has been segmented by Type (Howitzer, Mortar, Anti-Air Artillery, Rocket Artillery, and Others), Range (Short, Medium, and Long), and Geography.

Global Artillery Systems Market, Segmentation by Type

The Global Artillery Systems Market has been segmented by Type into Howitzer, Mortar, Anti-Air Artillery, Rocket Artillery, and Others.

Howitzers are versatile artillery pieces characterized by their ability to launch projectiles at high angles, making them effective for both direct and indirect fire support. These weapons are commonly employed by ground forces for various roles, including infantry support, counter-battery fire, and strategic bombardment.

Mortars are portable, lightweight artillery pieces designed for close-range fire support and infantry operations. They are characterized by their high-angle trajectory and relatively short range, making them ideal for engaging targets in urban environments or rugged terrain where traditional artillery may be impractical.

Naval Artillery refers to artillery systems specifically designed for use on naval vessels, including warships, submarines, and coastal defense installations. These weapons are crucial for naval warfare, providing ships with the ability to engage surface, air, and land targets at sea or from shore.

Rocket Artillery comprises artillery systems that utilize rocket-propelled projectiles for long-range fire support. These weapons offer rapid deployment and high mobility, allowing forces to deliver concentrated firepower over extended distances. Rocket artillery systems are commonly used for area saturation, counter-battery fire, and strategic strikes against enemy targets.

The category of Others encompasses a variety of specialized artillery systems, including self-propelled artillery, anti-aircraft artillery, and artillery-based missile systems. These systems may feature unique capabilities tailored to specific mission requirements, such as mobility, precision targeting, or multi-role functionality.

Global Artillery Systems Market, Segmentation by Range

The Global Artillery Systems Market has been segmented by Range into Short, Medium and Long.

Short-range artillery systems are characterized by their ability to engage targets at relatively close distances, typically up to several kilometers away. These weapons are well-suited for providing immediate fire support to ground forces operating in proximity to enemy positions or in urban environments where precision and maneuverability are paramount.

Medium-range artillery systems offer increased reach and lethality compared to short-range counterparts, with the capability to engage targets at distances ranging from several to tens of kilometers. These weapons are commonly used for both offensive and defensive operations, providing versatile fire support to ground troops and enabling effective engagement of enemy assets across varied terrain.

Long-range artillery systems represent the pinnacle of artillery capabilities, boasting the ability to deliver precision strikes on targets located tens to hundreds of kilometers away. These formidable weapons are instrumental in conducting strategic bombardment, interdiction, and suppression missions against high-value enemy targets, as well as providing extended-range fire support to ground forces operating deep within enemy territory.

Global Artillery Systems Market, Segmentation by Geography

In this report, the Global Artillery Systems Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Artillery Systems Market Share (%), by Geographical Region, 2023

North America, with its robust defense spending and technological innovation, serves as a significant market for artillery systems, driven by ongoing military modernization efforts and the need to maintain strategic deterrence capabilities.

In Europe, defense procurement initiatives and collaborative defense projects among NATO member states contribute to the demand for advanced artillery systems, particularly in response to evolving security threats along the eastern flank and in the Baltic region. Additionally, ongoing conflicts and regional tensions in Eastern Europe and the Middle East underscore the importance of artillery capabilities in maintaining stability and security.

The Asia Pacific region, characterized by geopolitical tensions and territorial disputes, represents a dynamic market for artillery systems, fueled by rapid military modernization efforts and increasing defense budgets among key regional powers. Rising security challenges, such as maritime disputes in the South China Sea and border tensions in the Indo-Pacific region, drive investments in advanced artillery systems to bolster deterrence and power projection capabilities.

In the Middle East and Africa, regional conflicts, counterinsurgency operations, and the proliferation of asymmetric threats drive demand for artillery systems tailored to counterinsurgency and urban warfare scenarios.

Latin America, while historically characterized by lower defense expenditures compared to other regions, is witnessing growing investments in artillery systems to address internal security threats, counter transnational organized crime, and protect critical infrastructure.

This report provides an in depth analysis of various factors that impact the dynamics of Global Artillery Systems Market. These factors include; Market Drivers, Restraints and Opportunities.

Drivers:

• Modernization of Military Forces
• Threat of Asymmetric Warfare

• Increasing Defense Budgets - The escalating trend of increasing defense budgets worldwide reflects governments' prioritization of national security and military capabilities. Factors contributing to this rise include evolving geopolitical dynamics, regional security threats, and the need to modernize aging defense infrastructure. With growing global tensions and security challenges, nations are allocating substantial financial resources to strengthen their armed forces, including investments in advanced weaponry and defense systems.
  
  In the context of the artillery systems market, higher defense budgets translate to greater procurement opportunities for artillery platforms, upgrades, and associated technologies. Defense contractors benefit from these budgetary increases by securing lucrative contracts for the development, production, and maintenance of artillery systems. Rising defense expenditures drive innovation within the defense industry, leading to the introduction of more sophisticated and effective artillery solutions to meet evolving security demands.

Restraints:

• Logistical Challenges
• Risk of Arms Proliferation

• Threat of Disruptive Technologies - The proliferation of disruptive technologies poses a significant challenge to traditional military capabilities, including artillery systems. Disruptive technologies encompass a wide range of innovations that have the potential to reshape the nature of warfare, rendering existing strategies and equipment obsolete. Examples of such technologies include directed energy weapons, hypersonic missiles, unmanned aerial vehicles (UAVs), and cyber warfare capabilities. These advancements offer novel means of engagement, precision targeting, and battlefield dominance, thereby altering the dynamics of modern conflict.
  

  For artillery systems, the emergence of precision-guided munitions and long-range strike capabilities raises questions about the continued relevance of conventional artillery tactics. To address the threat posed by disruptive technologies, defense organizations must invest in research and development to adapt existing artillery systems or develop new countermeasures capable of mitigating these emerging threats effectively.

Opportunities:

• Integration of Artificial Intelligence (AI)
• Focus on Urban Warfare Solutions
• Modular and Upgradeable Platforms

• Cybersecurity and Electronic Warfare - In an era of increasing digitalization and connectivity, cybersecurity and electronic warfare capabilities are paramount for safeguarding artillery systems from cyber threats and electronic attacks. As artillery platforms become more network-centric and reliant on advanced technologies, they become susceptible to cyber vulnerabilities, including hacking, malware, and data breaches. Ensuring the integrity, confidentiality, and availability of critical information and communication systems is essential to maintaining the operational effectiveness of artillery units.

  Electronic warfare capabilities are crucial for countering adversary efforts to disrupt or degrade artillery operations through electronic means. This includes jamming enemy communications, intercepting electronic signals, and neutralizing hostile cyber activities. To address these challenges, defense organizations invest in robust cybersecurity measures, including encryption, intrusion detection systems, and network monitoring tools. Additionally, they develop and deploy electronic warfare systems capable of detecting and neutralizing electronic threats, thereby enhancing the resilience and survivability of artillery systems on the modern battlefield.

Key players in Global Artillery Systems Market include,

• BAE Systems plc
• Hanwha Group
• Elbit Systems Ltd.
• Rostec
• Lockheed Martin Corporation
• Avibras Indústria Aeroespacial SA
• Nexter Group
• Denel SOC Ltd
• Leonardo S.p.A
• Singapore Technologies Engineering Ltd
• RUAG Group
• Norinco International Cooperation Ltd.
• THALES
• Rheinmetall AG

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis