Artillery System Market

The Artillery System Market is valued at USD 10.1 Bn in 2026 and is projected to reach USD 15.3 Bn,  growing at a CAGR of 6% by 2033.

Artillery System Market – Gains Expected from Increased Acceptance of Single Barrel Weapon Systems

One of the main drivers propelling the artillery system market expansion is the worrisome rise in violent conflict, terrorism, and other forms of violence worldwide. Additionally, the market growth is boosted by the growing acceptance of the single barrel weapon system. Several variables, including an increase in military spending, a rise in the demand for long-range fire support, and an increase in the acceptance of military modernization projects, influence the market. The self-propelled artillery cannon ARCHER mobile howitzer was recently introduced by BAE Systems, a British aerospace and defense corporation with its headquarters in Farnborough, UK (a short barrel artillery system). The ultimate shoot-and-scoot weapon system adaptable to various battlefields and terrains, the new ARCHER deploys or displaces in less than 30 seconds. The market is predicted to be driven by investments in the modular modification of current weapon systems. These systems are smaller, more affordable, and can quickly fire multiple bullets. Additionally, several product advancements, like the creation of portable, light-weight, and self-propelled artillery systems, are promoting artillery system market expansion. In accordance with this, the growing demand for howitzers to assault targets employing indirect and direct fire in place of field guns and cannons positively influences market growth.

Artillery System Market: COVID-19 Impact

As a result of the government's efforts to stop the spread of COVID-19, artillery producers are obliged to halt production. Due to travel restrictions by governments around the world to manage the COVID-19 outbreak, defense contractors are currently experiencing operational problems due to a lack of labor. Due to trade limitations that only permit the delivery of necessities like food and safety equipment, artillery cannon shell producers can likewise not create and provide shells to the military agencies. The COVID-19 travel prohibition will hinder the testing and development of artillery systems since defense system developers depend on an international workforce.

Artillery System Market – Rising Expenditure on Defense Sector Boosts Revenue

The architecture of the international security system has been damaged by the rising hegemonism, unilateralism, and influence politics that have stoked multiple global crises due to the fundamental changes in the international strategic landscape. The ambiguity surrounding many countries' territorial claims, such as the Middle Eastern Cold War between Saudi Arabia and Iran, is one of the key things disturbing the geopolitical situation. The governments' most typical approach to this problem is to spend more money on the military to boost security at home. Military superpowers like the United States, the United Kingdom, China, and India have enhanced their military equipment and combat abilities. To ensure that the current defensive systems are combat-ready, several development and procurement operations are under underway to modernize the weapon systems used by the armed services. Global military spending increased by 2.6% in real terms from 2019 to US$1,981 Bn in 2020. Military spending has increased more quickly in recent years; it will be 9.3% higher in 2020 than it was in 2011. According to SIPRI, the countries with the biggest military expenditures worldwide in 2020 were the United States, China, India, Russia, and the United Kingdom. These nations collectively accounted for 62% of global spending. Thus, driving the growth of the artillery system market.

Artillery System Market – Technological Advent Facilitates Growth

Technology for artillery systems advanced relatively more slowly over time than those of other military platforms and guided weapon systems. Most previous artillery systems had problems precisely hitting their targets. However, recent guidance system advancements have allowed users to increase the possibility of neutralizing targets by 50–60% in the first round, giving them a tactical advantage. This drives the artillery system market growth. Furthermore, a number of players are developing precision guidance kits (PGK) to upgrade regular ammunition to precision munitions. As modernization efforts pick up steam, armed forces are deploying more advanced artillery systems. Organizations like Rheinmetall, on the other hand, are focusing on developing artillery weapons systems that increase projectile firing ranges. One of the most advanced 120 mm mortars, the Singapore ST Engineering Land Systems Super Rapid Advanced Mortar System (SRAMS), contains a load assist system that raises the mortar bomb, positions it above the barrel, and then releases the mortar bomb.

Artillery System Market – Planned Development and Purchase Delays Limit Growth

The development and purchase of artillery systems for the armed forces are frequently protracted, difficult processes. Even though these initiatives are planned years before the start of the actual operations, unforeseen occurrences frequently disrupt such programs, causing delays and cancellations. Recent plans for the development and procurement of artillery platforms have encountered a number of issues. Program schedule delays, some of which lasted for several years, were brought on by these issues. There have been delays in delivery and production-line issues with the M109A7 self-propelled howitzers made by BAE Systems for the US Army. The business faced several challenges when developing the new howitzer. The company's howitzer output and deliveries remained unequal despite "minimal manufacturing improvements." Thus, limiting the growth of the artillery system market.

Artillery System Market – Howitzer Category to Dominate with an Ability to Accurately Hit Target

In the global artillery system market, the howitzer segment outperformed the other segments in terms of revenue share. The howitzer, an armored mobile artillery system, is widely used as a battle support weapon. In order to avoid counter-battery fire, these systems frequently use their ability to launch shoot-and-scoop attacks. The SIAC self-propelled howitzer's (SPZ) Automatic Gun Laying System (AGLS), Digital Navigation Aiming and Pointing System (DINAPS), and Fully Automatic Ramming System (FIRS) are also built in. These systems allow for rapid deployment, higher lethality with a high likelihood of hitting the target on the first shot, and a quick "shoot and scoot" capability for improved survivability.

Artillery System Market –Short Range Category Exhibits Strong Growth

In the forecast period, the short range segment held the largest market share, and it is anticipated that it will continue to rule the artillery system market during the forecast period. Ranges of 5 km to 30 km have been established for short-range artillery systems. Short-range artillery weapons are useful against close-range, lower-flying targets when efficiency and accuracy are crucial for ensuring the survival of the deployed men. Such mechanisms are now more necessary than ever as most Asia Pacific countries grapple with a geopolitical split. The M-SHORAD system is one of the choices available to the Army for replacing the antiquated Avenger short-range air defense system.

Artillery System Market – North America Dominates with Mounting Household Appliance Sales

Over the forecast period, it is anticipated that the North American artillery system market will account for the largest revenue share. The United States, the largest military spender in the world, is occupied with the most cutting-edge and substantial amount of defense equipment, which significantly contributes to North America's market growth due to the rising demand for superior protective solutions in the defense and military sectors. The number of rocket launchers, towed artillery pieces, and self-propelled artillery in the US ground forces' arsenals total 1,365, 1,340, and 1,505, respectively. The M109A7 Paladin 155mm Self-Propelled Howitzers, the M270 Multiple Launch Rocket System, and the M777 Howitzer are also in their inventory. The US Navy's plans to replace its old, out-of-date ships with modern, cutting-edge ones in the coming years are similar to those of the Army. Over the forecast period, they will increase the need for an advanced market.

Asia Pacific’s artillery system market is anticipated to experience stable revenue growth throughout the forecast period. The modernization of combat platforms by armed forces in several Asia Pacific nations is anticipated to accelerate the expansion of the market here. The escalating hostilities between the nations in this region have pushed rapid military development. Significant investments are being made in the design, construction, and acquisition of market by nations including China, India, Australia, Japan, and South Korea. For instance, in April 2020, the Chinese People's Liberation Army (PLA) introduced the PC-181, a brand-new, highly developed 155mm howitzer mounted on a truck.

Global Artillery System Market: Competitive Landscape

In December 2021, Australia and South Korea agreed to a deal for Australia to purchase 30 K-9 Thunder self-propelled howitzers. Australia is the seventh nation to purchase the howitzer produced in South Korea. On the other hand, in September 2020, the US Army gave Lockheed Martin a contract worth US$183 Mn to produce and provide 28 High Mobility Artillery Rocket System launchers and associated hardware. The first deliveries are expected to start in 2022.

A few of the players in the artillery system market include 

• BAE Systems
• Lockheed Martin
• Northrop Grumman
• General Dynamics (GD Land Systems)
• Rheinmetall AG
• Elbit Systems
• Kongsberg Defence & Aerospace
• FNSS (Turkish Defence)
• TATA Advanced Systems / Indian Defence
• Hanwha Defense (Korea)
• Denel Land Systems (South Africa)
• Oto Melara / Leonardo (Italy)
• Nexter Systems (France)
• Rosoboronexport / Russian Defence Industry
• China North Industries Group

Global Artillery System Market  Segmentation Can be Given as Below:

Type

• Howitzer
• Mortars
• Rocket Launchers
• Anti-air Weapons
• Others

Range

• Short
• Medium
• Long

Component

• Fire Control Systems
• Engines
• Turrets
• Chassis
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa