Global Artillery Systems Market: Key Players Elbit Systems, Raytheon Technologies, BAE Systems Drive Market to USD 21.32 Bn by 2029
The Global Artillery Systems market size was valued at US$ 13.45 billion in 2022, with expectations of reaching nearly US$ 21.32 billion by 2029, representing a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2022 to 2029. This growth can be attributed to several factors, including increasing defense budgets worldwide, rising geopolitical tensions, and the modernization of military forces. Additionally, advancements in artillery systems technology, such as the development of more accurate and longer-range artillery systems, are driving market growth. The demand for artillery systems is also fueled by the need for enhanced border security and counter-terrorism measures in various regions around the globe.
Global Artillery Systems Market Overview:
According to the recently published "Global Artillery Systems Market Size" report by Maximize Market Research, the Asia Pacific region is identified as a lucrative opportunity for both the Global Artillery Systems market and its components manufacturers over the next decade. Despite facing the challenges of the Covid-19 lockdown, the market has shown resilience and is exhibiting an upward trend even amidst an economic slowdown. Maximize Market Research, known for its international business consultancy services, caters to large and medium-sized players worldwide, boasting a clientele spanning across more than 34 countries. The report's analysis of the post Covid-19 lockdown impact indicates a normalizing market scenario, further supporting the optimistic outlook for the Global Artillery Systems market Trend in the coming years.
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Global Artillery Systems Market Scope:
The forecast for the Global Artillery Systems market Size indicates a steady rise between 2023 and 2029, with leading industry players expected to continue their aggressive measures to drive sector growth through 2023. The comprehensive analysis report covers various aspects including import and export consumption, supply and demand chain dynamics, costs, market shares, sales volumes, revenues, and gross profits. It also delves into the manufacturing bases, capacities, production outputs, factory prices, revenues, and market shares of each manufacturer involved in the Global Artillery Systems market Sharing. The report's scope extends to several countries and regions including the United States (USA), Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.
Segmentation:
by Type
• Howitzer
• Rocket
• Anti-air
• Mortar
• Others
Sorted The defense forces worldwide are forecasting that the Howitzer will dominate the Type sector of the Global Artillery Systems in the next years due to their growing preference for a towed weapon system that may be used in geographically complex situations. The worldwide defense forces have increased their demand for mortar by 3.8% in the second decade of this century because to its low cost, convenience of handling, and ease of usage.
by Caliber
• Small Caliber
• Medium Caliber
• Heavy Caliber
Through Caliber The Medium Caliber is expected to lead the Caliber category of the Global Artillery Systems Market in the upcoming years due to its portability and ease of use in combat. The inclination of defense forces in developing nations to equip wheeled vehicles with long-range weaponry systems in order to expand the kill zone has led to a 3.1% surge in demand for Heavy Caliber Artillery Systems between 2015 and 2022.
by Range
• Short Range
• Medium Range
• Long Range
By Pace, In the upcoming years, Medium Range is expected to dominate the Range sector of the Global Artillery Systems Market due to a rise in demand for equipment that facilitates the launching assembly of moderately destructive projectiles. The defense forces of nations including the US, China, Israel, and India have increased their demand for Long Range Artillery Systems by 3.6% in the second decade of this century because to their growing preference for weapon assemblies that can detect and successfully execute long-distance targets.
by Component
•Engine
• Chassis
• Gun Turret
• Fire Control System
• Ammunition Handling System
• Auxiliary Systems
by End User
• OEM
• Aftersales
Key Players:
• Elbit Systems Ltd.
• Raytheon Technologies Corporation
• Aubert & Duval
• BAE Systems
• Lockheed Martin Corporation
• General Dynamics
• RUAG Group
• Leonardo S.p.A.
• Nexter Group
• ST Engineering
• KMW+Nexter Defense Systems
• Hanwha Group
• Denel SOC Ltd.
• IMI Systems
• Avibras
• China Ordnance Industries Group Corporation
Regional Analysis:
The report encompasses five primary world regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It highlights key geographies within the Global Artillery Systems industry, along with notable segments and sub-segments. In addition to providing figures and revenue details, the report offers an in-depth analysis of the business chain structure, opportunities, and industry news related to the Global Artillery Systems market.
Key Questions answered in the Global Artillery Systems Market Report are:
- What is Global Artillery Systems Market?
- What is the forecast period of the Global Artillery Systems Market?
- What is the competitive scenario of the Global Artillery Systems market?
- Which region held the largest market share in the Global Artillery Systems Market?
- What are the opportunities for the Global Artillery Systems Market?
- What are the restraining factors in the Global Artillery Systems market?
- Who are the key players of the Global Artillery Systems market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Global Artillery Systems .
- Landscape- Leading key players and other prominent key players.
Explore the intricacies of our detailed research report summary to uncover a deeper understanding of our comprehensive market analysis and unlock actionable insights tailored to your business needs: https://www.maximizemarketresearch.com/market-report/global-artillery-systems-market/116251/
About Maximize Market Research:
Maximize Market Research is a diverse market research and consulting company comprising professionals from various industries. Our expertise spans across sectors such as science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automated systems. We offer a wide range of services including market-verified industry estimations, technical trend analysis, comprehensive market research, strategic advice, competition analysis, production and demand analysis, and client impact studies, among others.
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