What is Artillery System Market Scope?
Recent advances in armament and technology continue to drive the development and application of combined arms guideline. The incorporation of artillery assets into a unified fire support plan is a foremost task for the combined arms commander. Incorporation is also important to the success of any operation. The artillery forces call for utmost range and rate of fire. The burst firing involves very high reliability of all mechanisms such as flick ramming must not harm fuse function, primer cartridges must be extracted reliably at all chamber pressures, shock and vibration effects on components must be bearable. Short combat readiness time, energy management and quick ammunition change are additional requirements.
Influencing Trend:
Technological Advancements in the Artillery Systems
Market Growth Drivers:
Growing Demand for Artillery Systems from the Military Sector and Ongoing Military Upgrading Programs across the Globe
Challenges:
Concerns Regarding Failure of Artillery Systems in Adverse Weather Conditions
Restraints:
High Cost of Artillery System
Opportunities:
High Cost of Artillery System
The Artillery System market study is being classified by Type (Howitzer, Mortar, Anti-Air and Rocket), by Application and major geographies with country level break-up.
The market for artillery systems is fragmented, with numerous global and local firms contributing considerably to market growth through competitive pricing and innovation. BAE Systems PLC, Lockheed Martin Corporation, Hanwha Group, Leonardo SpA, and Nexter Group are some of the leading players in the artillery systems market. To grow their market share, the firms are primarily focused on improving the capabilities of their artillery systems portfolio. Analysts at AMA predicts that Manufacturers from European will contribute to the maximum growth of Global Artillery System market throughout the predicted period.
Elbit Systems (Israel), BAE Systems (United Kingdom), China Ordnance Industries Group Corporation (NORINCO) (China), Hanwha Group (South Korea), KMW+Nexter Defense Systems (Netherlands), Denel SOC Ltd (South Africa), IMI Systems (Israel), Lockheed Martin (United States), General Dynamics (United States) and Avibras (Brazil) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are ST Engineering (Singapore) and RUAG Group (Switzerland).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Artillery System market by Type, Application and Region.
On the basis of geography, the market of Artillery System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In June 2021- The Defence Acquisition Council (DAC) accepted bids for capital acquisitions of the various equipment required by the Indian Armed Forces at a cost of Rs 6,000 crore, primarily including the procurement of Indian-made air defense guns and ammunition.
In December 2021, Australia signed a contract to buy 30 units of the K-9 Thunder self-propelled howitzer from South Korea. Australia is the seventh country to purchase the South Korea-made howitzer. and In September 2020, Lockheed Martin was awarded a USD 183 million contract by the US Army to manufacture and supply a total of 28 High Mobility Artillery Rocket System launchers and related equipment. The deliveries are slated to commence in 2022.
Key Target Audience
Manufacturers of Artillery System, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Artillery System, Defense Industry, Governmental Bodies and Research Firms
Artillery System Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Artillery System Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Artillery System industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.