The global artillery system market is anticipated to grow at a steady CAGR during the forecast period. The adoption of the artillery system by the militaries is increasing constantly especially in the militaries of those countries that are involved in any territorial dispute with other countries. Additionally, the increasing focus towards the purchasing of advanced artillery will drive the artillery market significantly over the forecast period. In addition to this, the increasing security concerns of the countries will also increase the artillery system market size.
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Besides, the high cost associated with self-propelled artillery will present a challenge for the growth of the artillery system market. Moreover, the limited space offered by the artillery systems for ammunition storage will hamper the adoption of the artillery system by the militaries. However, the increasing replacement of conventional artillery systems with advanced artillery systems will present a new growth opportunity for the artillery system market. Moreover, the surge in the defense expenditure, especially by emerging economies, will be an opportunity for the artillery market growth during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Artillery Systems Market by Type
- Howitzer
- Rocket
- Mortar
- Anti-Air
- Others
Global Artillery Systems Market by Range
- Long Range
- Medium Range
- Short Range
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Avibras Industria Aeroespacial S/A
- BAE Systems plc
- Denel SOC Ltd.
- Elbit Systems Ltd.
- General Dynamics Corp
- Hanwha Group
- Huta Stalowa Wola (HSW) S.A.
- IMI Systems Ltd.
- JSC Central Research Institute BUREVESTNIK
- Kalyani Group
- LARSEN & TOUBRO Ltd.
- Lockheed Martin Corp
- Nexter group KNDS
- NORINCO GROUP
- Northrop Grumman Corp.
- RUAG Group
- Safran
- Singapore Technologies Engineering Ltd.
- Yugoimport SDPR J.P.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global artillery system market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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