The Artillery Systems Market was valued at USD 3.91 Billion in 2022 and is expected to register a CAGR of over 4% during the forecast period 2023-2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Artillerys Market.Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Artillerys Market. In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Artillery is a weapon with a long range. Infantry and tanks were far away when cannons fired their rounds. The gun will aim and fire the shell no matter how far away the target is from the gun. So, artillery uses different systems to track and find targets that aren’t in its line of sight. Target acquisition systems, communication systems, and command and control systems are all types of artillery systems. In battle, artillery systems are often used to provide close support fire to kill or disable enemy troops. Contrive Datum Insights just added the Artillerys Market to its huge database, which helps businesses shape their futures by making smart business decisions. It gives a thorough look at many business topics, such as global market trends, new technological developments, market size, market shares, and new ideas. Also, this analytical data was put together with the help of data exploration methods like primary and secondary research. Also, a team of expert researchers sheds light on both stable and changing parts of the global Artillerys market.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Artillerys Market, which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Artillerys Market, are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Artillery is a heavy military weapon with a long range that is used to fire bombs. It is one of the most deadly and cheap types of land-based weapons that are used on a large scale by armies today. The report covers everything that has to do with buying, upgrading, maintaining, and fixing artillery systems. The market is divided into Howitzer, Mortar, Anti-Air Artillery, Rocket Artillery, and Other Types based on the type of artillery. The other types of artillery systems are naval and coastal. By Range, the market has also been split into Short Range (5–30 km), Medium Range (31–60 km), and Long Range (Above 60 kilometers). The report also talks about the size and future of the artillery systems market in the world’s most important countries. All of the market sizes and forecasts have been given in value terms (USD billion). The study combines information from different sources about the latest trends and technological changes in artillery systems to give a complete picture. It uses data to figure out how many of these systems are needed around the world.
Artillery system Market, By Type
- Howitzer
- Self-propelled
- Towed
- Mortar
- Self-propelled
- Towed
- Anti-air
- Air Defense Gun
- Counter Rocket, Artillery and Mortar (C-RAM)
- Rocket
- Man-portable Air-defense Systems (MANPADS)
- Multiple Launch Rocket System (MLRS)
- Others
- Naval Artillery
- Coastal Artillery
Artillery System Market, By Component
- Gun Turret
- Engine
- Fire Control System
- Ammunition Handling System
- Chassis
- Auxiliary Systems
- Artillery System Market, By Range
Short Range
- Medium Range
- Long Range
Artillery System Market, By Caliber
- Small Caliber
- Howitzer
- Mortar
- Anti-air
- Rocket
- Others
Medium Caliber
- Howitzer
- Mortar
- Rocket
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Recent Development
Australia signed a contract with South Korea in December 2021 to buy 30 K-9 Thunder self-propelled howitzers. Australia is the seventh country to buy the howitzer, which was made in South Korea.
Rheinmetall got a new order from the Netherlands in October 2021. This order was for 155mm illumination and smoke/obscurant artillery shells. The Dutch will get the projectiles in the middle of 2023.
In September 2020, the US Army gave Lockheed Martin a USD 183 million contract to make and deliver 28 High Mobility Artillery Rocket System launchers and other equipment. The first shipments are expected to start in 2022.
In July 2020, the French Defense Procurement Agency gave Hirtenberger Defense Europe GmbH a contract worth EUR 17 million to buy 120 60 mm mortar systems and several thousand units of ammunition that works with them.
Regional Analysis
Over the next few years, Asia Pacific is expected to have a high CAGR. As tensions between countries in the area get worse, the armed forces have had to be updated quickly. China, India, Australia, Japan, and South Korea are all putting a lot of money into developing, building, and buying artillery systems. For example, in April 2020, the People’s Liberation Army (PLA) released the PC-181, a new, high-tech 155mm howitzer that can be mounted on a vehicle. The Chinese military is also getting ready to test a magnetized plasma cannon that can fire bullets at Mach 6 speeds (six times the speed of sound). The country is working on a large program to modernize its military. The goal is to finish the program by 2035. In the same way, the Indian Army got its first set of new artillery weapons in November 2018. The M-777 ultralight howitzer, the K9 Vajra, and the composite artillery tractor are all types of artillery systems. BAE Systems was given a $700 million order for 145 M-777 ultralight howitzers. India has also made the Dhanush, which is a 155mm towed howitzer. After the first tests were done in 2018, the gun went into mass production in 2019. The Indian Army ordered 114 of them, and another 414 could be added. The market in this area is expected to grow because of these changes. The global artillerys market has been looked at in different parts of the world, like North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. In the near future, this market will be dominated by the global region.
Regional Artillerys Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Artillerys Market include:
- Artillerys Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/artillerys-market-34112Key Market Participants in the Artillerys Market:
NORINCO GROUP, Alliant Techsystems, General Dynamics Corp, Rheinmetall Defence, BAE Systems, Nexter, Mandus Group, and others.
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