Global Artillery Systems Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Howitzer, Mortar, Anti-Air Artillery, Rocket Artillery, and Others

By Component;

Fire Control System, Chassis, Engine, Gun Turret, and Others

By Caliber;

Small, Medium, and Heavy

By Range;

Short, Medium, and Long

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn156734249 Published Date: May, 2025 Updated Date: June, 2025

Artillery Systems Market Overview

Artillery Systems Market (USD Million)

Artillery Systems Market was valued at USD 4,904.03 million in the year 2024. The size of this market is expected to increase to USD 6,324.18 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.7%.


Global Artillery Systems Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 3.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.7 %
Market Size (2024)USD 4,904.03 Million
Market Size (2031)USD 6,324.18 Million
Market ConcentrationHigh
Report Pages380
4,904.03
2024
6,324.18
2031

Major Players

  • 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

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Artillery Systems Market

Fragmented - Highly competitive market without dominant players


The Artillery Systems Market is witnessing a significant transformation driven by increased demand for advanced military technologies. Modern artillery systems are integrating automation and digitization, enabling enhanced precision and operational efficiency. This market has seen a growth rate of over 10% due to rapid adoption of cutting-edge targeting systems and improved firepower capabilities.

Technological Advancements
Emerging technologies such as automated fire control, extended range munitions, and advanced communication systems are reshaping artillery systems. Adoption of electronic warfare countermeasures has surged by approximately 12%, indicating rising defense budgets focused on high-tech artillery platforms.

Operational Efficiency
Artillery systems are increasingly leveraging network-centric warfare strategies, resulting in a 15% boost in operational readiness. Integration of unmanned platforms and AI-enabled targeting has further optimized battlefield effectiveness, enabling faster response times and higher hit accuracy rates.

Future Outlook
Looking ahead, the market is expected to be propelled by rising investments in automated artillery platforms and precision-guided munitions, contributing to a projected 13% market expansion. Continued focus on sustainability and the use of lightweight composite materials will further enhance system performance and reduce operational footprint.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By Caliber
    4. Market Snapshot, By Range
    5. Market Snapshot, By Region
  4. Artillery Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Modernization of Military Forces
        2. Threat of Asymmetric Warfare
        3. Increasing Defense Budgets
      2. Restraints
        1. Logistical Challenges
        2. Risk of Arms Proliferation
        3. Threat of Disruptive Technologies
      3. Opportunities
        1. Integration of Artificial Intelligence (AI)
        2. Focus on Urban Warfare Solutions
        3. Modular and Upgradeable Platforms
        4. Cybersecurity and Electronic Warfare
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Artillery Systems Market, By Type, 2021 - 2031 (USD Million)
      1. Howitzer
      2. Mortar
      3. Anti-Air Artillery
      4. Rocket Artillery
      5. Others
    2. Artillery Systems Market, By Component, 2021 - 2031 (USD Million)

      1. Fire Control System

      2. Chassis

      3. Engine

      4. Gun Turret

      5. Others

    3. Artillery Systems Market, By Caliber, 2021 - 2031 (USD Million)

      1. Small

      2. Medium

      3. Heavy

    4. Artillery Systems Market, By Range, 2021 - 2031 (USD Million)
      1. Short
      2. Medium
      3. Long
    5. Artillery Systems Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. Canada
        2. United States
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BAE Systems plc
      2. Hanwha Group
      3. Elbit Systems Ltd.
      4. Rostec
      5. Lockheed Martin Corporation
      6. Avibras Indústria Aeroespacial SA
      7. Nexter Group
      8. Denel SOC Ltd
      9. Leonardo S.p.A
      10. Singapore Technologies Engineering Ltd
      11. RUAG Group
      12. Norinco International Cooperation Ltd.
      13. THALES
      14. Rheinmetall AG
  7. Analyst Views
  8. Future Outlook of the Market