Artillery Systems Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Artillery Systems Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Gun Turret, Fire Control System, Ammunition Handling System, Auxiliary System, and Others), Range (Short Range, Medium Range, and Long Range), Caliber (Small Caliber, Medium Caliber, and Large Caliber), Type (Howitzer, Mortar, and Rocket Artillery), and Geography

  • Report Code : TIPRE00006735
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 150
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Artillery Systems Market Size, Growth, Share, and Trend by 2030

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The artillery systems market size is projected to reach US$ 20.98 billion by 2031 from US$ 11.99 billion in 2023. The market is expected to register a CAGR of 7.2% during 2023–2031. Rising deployment of self-propelled artillery systems is likely to bring in new trends in the market.

Artillery Systems Market Analysis

The rise in military expenditures across countries and the increase in tensions among countries are a few major factors propelling the demand for artillery systems across the world. Several countries are taking serious actions to ensure the safety of their nation, owing to which they are collaborating with other countries by joining forces to increase their armed forces capabilities. For instance, following the Russia-Ukraine conflict, the US has been taking initiatives to increase its military presence across European countries for the long haul by establishing its first permanent presence in Poland to bolster regional security. Several forces are being deployed in the country, along with required ammunition and firearms. Such initiatives are driving the growth of the artillery systems market across the world.

Artillery Systems Market Overview

Artillery systems allow armed forces to neutralize or destroy targets during any combat or fire operations. A few major factors driving the growth of artillery systems include rising global military expenditure, increasing number of contracts for the supply of artillery systems, and rising deployment of self-propelled artillery systems by various armed forces worldwide.

The introduction of smart weapons and smart ammunitions, including precision-guided missiles, guided mortars, and guided artillery systems, is likely to fuel the growth of the artillery systems market during the forecast period. In addition, the procurement of military aircraft, combat helicopters, artillery systems, mortars vehicles, infantry fighting vehicles, and tanks in large quantities supports the firearms and ammunitions industry growth worldwide.

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Artillery Systems Market: Strategic Insights

artillery-systems-market
Market Size Value inUS$ 11,378.36 million in 2022
Market Size Value byUS$ 19,287.32 million by 2030
Growth rateCAGR of 6.80% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Artillery Systems Market Drivers and Opportunities

Rising Global Military Expenditure

The evolving modern warfare scenario has compelled governments of various countries across the globe to assign significant funds and financial aid toward respective defense and military forces. The defense budget allocation supports army and military forces to obtain enhanced technologies and equipment from domestic or international developers. On the other hand, military and army vehicle upgrades are on the rise owing to growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases governments' focus on strengthening national security forces. There is an increased need to reinforce military and border security forces with advanced surveillance, communication, navigation equipment, artilleries, armaments, and vehicles, among others; thus, military forces worldwide are focusing on investing significant amounts in procuring artillery systems and other advanced technologies. Defense forces' constant inclination to acquire new technologies for noncombat and combat operations further boosts military expenditure worldwide.

As per the Stockholm International Peace Research Institute (SIPRI), global military expenditure increased to US$ 2443 billion in 2023, representing a 13.7% increase from 2022. The US, China, India, Russia, and Saudi Arabia were the top five spenders in 2023, accounting for around 61% of global expenditures. The figure given below depicts the yearly spending of these countries.

Military Expenditure of Top Five Countries (2021–2023)

Country

2021 (US$ Billion)

2022 (US$ Billion)

2023 (US$ Billion)

US

800.67

876.94

916.00

China

293.35

291.96

296.00

Russia

65.91

86.37

109.01

India

76.59

81.36

83.60

Saudi Arabia

55.56

75.01

75.80

Source: SIPRI

The increasing military expenditure encourages incorporating advanced warfare technologies such as high-range antennas, self-propelled artillery, advanced communication devices, unmanned vehicles, radars, missile detection systems, surveillance and navigation systems, and modern warfare technologies. In addition, a high military budget supports the countries in assigning resources for the advancement and upgrade of their existing air, ground-based, and naval defense systems.

Deployment of Countermeasure Systems

The changing geopolitical scenario worldwide boosts the requirement for strong defense countermeasure systems. The constant tension between the nations such as Russia-Ukraine, India-China, Pakistan-India, Israel-Palestine, and US-China is compelling their governments to strengthen their respective armed forces, which is also propelling the procurement of warfare systems such as different types of mortars and howitzers. Therefore, the armed forces across different countries are investing in procuring artillery systems such as surface-to-air rocket artillery, self-propelled howitzers, early warning systems, and border surveillance systems. BAE Systems, General Dynamics Corporation, Honeywell International Inc., Israel Aerospace Industries Inc., Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and Thales Group are among the companies focusing on developing defense countermeasure systems, including radar systems, artillery systems, communication and surveillance systems, and navigation devices. Thus, the increasing procurement and deployment of countermeasure systems is expected to fuel the growth of the artillery systems market in the coming years.

Artillery Systems Market Report Segmentation Analysis

Key segments that contributed to the derivation of the artillery systems market analysis are caliber, range, type, and component.

  • Based on component, the global artillery systems market is segmented into gun turret, fire control system, ammunition handling system, auxiliary system, and others. The fire control system segment held the largest market share in 2023.
  • Based on range, the market is divided into short range, medium range, and long range. The short range segment held the largest share of the market in 2023.
  • By type, the market is divided into howitzer, mortar, and rocket artillery. The howitzer segment held the largest share of the market in 2023.
  • In terms of caliber, the market is divided into small caliber, medium caliber, and large caliber. The medium caliber segment held the largest share of the market in 2023.

Artillery Systems Market Share Analysis by Geography

The geographic scope of the artillery systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The global artillery systems market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America held the largest artillery systems market share in 2023 and is projected to maintain its dominance during the forecast period. The global artillery systems market plays a pivotal role in shaping the military capabilities of nations, influencing defense strategies, and contributing to geopolitical dynamics. With a multifaceted landscape influenced by technological advancements, security threats, and international collaborations, the artillery systems market is characterized by ongoing modernization efforts, diversification of capabilities, and the integration of cutting-edge technologies. The demand for diversified artillery capabilities is a key factor shaping the global market. Nations seek artillery systems that can address a spectrum of operational scenarios, from conventional warfare to counterinsurgency operations. This diversification includes the development and acquisition of various artillery types, such as towed howitzers, self-propelled artillery, rocket launchers, and mortars. The goal is to possess a versatile artillery portfolio that can respond effectively to different threats and terrains.

Artillery Systems Market Report Scope

Artillery Systems Market News and Recent Developments

The artillery systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the artillery systems market are listed below:

BAE Systems secured a contract worth US$ 466 million to provide the US Army with its M109A7 Paladin self-propelled howitzers. As per the announcement from the US Department of Defense, the contract encompasses the supply of M992 Field Artillery Ammunition Support Vehicles. The specific quantity of howitzers and support carriers included in the order has not been disclosed. (Source: BAE Systems, Press Release, February 2023)

Artillery Systems Market Report Coverage and Deliverables

The "Artillery Systems Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

  • Artillery systems market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Artillery systems market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST and SWOT analysis
  • Artillery systems market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the artillery systems market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Range, Caliber, Type, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Who are the major vendors in the artillery systems market?

BAE Systems Plc; Nexter Groupe KNDS; Denel Land Systems; Elbit Systems Ltd; General Dynamics; and Lockheed Martin Corporation are the key market players operating in the global artillery systems market.

What is the future trend for the artillery systems market?

The increasing application of unmanned systems for various purposes, including weapon delivery, surveillance, or detection, boosts the demand for self-propelled artillery systems. The increasing adoption of self-propelled artillery systems reduces the logistics and transportation challenges faced while moving any artillery system. Self-propelled artillery systems allow for the reduction of the operational manpower required to operate any artillery systems such as howitzer or rocket artilleries.

Which region to dominate the artillery systems market in the forecast period?

The US, Canada, and Mexico are the major economies in North America that have witnessed growth in the artillery systems market. The Ukraine-Russia conflict has contributed to the growth of the artillery systems market in North America. While North America, primarily the US and Canada, is not directly involved in the conflict, several factors influence the regional military equipment market landscape. North American nations, particularly the United States, have provided military support to Ukraine in response to the conflict.

What are reasons behind the artillery systems market growth?

The evolving modern warfare scenario has compelled governments of various countries across the globe to assign significant funds and financial aid toward respective defense and military forces. The defense budget allocation supports army and military forces to obtain enhanced technologies and equipment from domestic or international developers.

What are market opportunities for the artillery systems market?

The changing geopolitical scenario worldwide boosts the requirement for strong defense countermeasure systems. The constant tension between the nations such as Russia-Ukraine, India-China, Pakistan-India, Israel-Palestine, and US-China is compelling their governments to strengthen their respective armed forces, which is also propelling the procurement of warfare systems such as different types of mortars and howitzers.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

4. Artillery Systems Market Landscape

4.1 Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem Analysis

5. Artillery Systems Market – Key Market Dynamics

5.1 Artillery Systems Market – Key Market Dynamics

5.2 Market Drivers

5.2.1 Rising Global Military Expenditure

5.2.2 Increasing Number of Contracts for Supply of Artillery Systems

5.3 Market Restraints

5.3.1 Limited Space for Ammunitions in Artillery Systems

5.4 Market Opportunities

5.4.1 Deployment of Countermeasure Systems

5.5 Future Trends

5.5.1 Deployment of Self-Propelled Artillery Systems

5.6 Impact of Drivers and Restraints:

6. Artillery Systems Market – Global Market Analysis

6.1 Artillery Systems Market Revenue (US$ Million), 2021–2031

6.2 Artillery Systems Market Forecast Analysis

7. Artillery Systems Market Analysis – by Component

7.1 Gun Turret

7.1.1 Overview

7.1.2 Gun Turret: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

7.2 Fire Control System

7.2.1 Overview

7.2.2 Fire Control System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

7.3 Ammunition Handling System

7.3.1 Overview

7.3.2 Ammunition Handling System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

7.4 Auxiliary System

7.4.1 Overview

7.4.2 Auxiliary System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

7.5 Others

7.5.1 Overview

7.5.2 Others: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

8. Artillery Systems Market Analysis – by Range

8.1 Short Range

8.1.1 Overview

8.1.2 Short Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

8.2 Medium Range

8.2.1 Overview

8.2.2 Medium Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

8.3 Long Range

8.3.1 Overview

8.3.2 Long Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

9. Artillery Systems Market Analysis – by Caliber

9.1 Small Caliber

9.1.1 Overview

9.1.2 Small Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

9.2 Medium Caliber

9.2.1 Overview

9.2.2 Medium Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

9.3 Large Caliber

9.3.1 Overview

9.3.2 Large Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

10. Artillery Systems Market Analysis – by Type

10.1 Howitzer

10.1.1 Overview

10.1.2 Howitzer: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

10.2 Mortar

10.2.1 Overview

10.2.2 Mortar: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

10.3 Rocket Artillery

10.3.1 Overview

10.3.2 Rocket Artillery: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11. Artillery Systems Market – Geographical Analysis

11.1 Overview

11.2 North America

11.2.1 North America Artillery Systems Market Overview

11.2.2 North America: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.2.3 North America: Artillery Systems Market Breakdown, by Component

11.2.3.1 North America: Artillery Systems Market – Revenue and Forecast Analysis – by Component

11.2.4 North America: Artillery Systems Market Breakdown, by Range

11.2.4.1 North America: Artillery Systems Market – Revenue and Forecast Analysis – by Range

11.2.5 North America: Artillery Systems Market Breakdown, by Caliber

11.2.5.1 North America: Artillery Systems Market – Revenue and Forecast Analysis – by Caliber

11.2.6 North America: Artillery Systems Market Breakdown, by Type

11.2.6.1 North America: Artillery Systems Market – Revenue and Forecast Analysis – by Type

11.2.7 North America: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.2.7.1 North America: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.2.7.2 United States: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.2.7.2.1 United States: Artillery Systems Market Breakdown, by Component

11.2.7.2.2 United States: Artillery Systems Market Breakdown, by Range

11.2.7.2.3 United States: Artillery Systems Market Breakdown, by Caliber

11.2.7.2.4 United States: Artillery Systems Market Breakdown, by Type

11.2.7.3 Canada: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.2.7.3.1 Canada: Artillery Systems Market Breakdown, by Component

11.2.7.3.2 Canada: Artillery Systems Market Breakdown, by Range

11.2.7.3.3 Canada: Artillery Systems Market Breakdown, by Caliber

11.2.7.3.4 Canada: Artillery Systems Market Breakdown, by Type

11.2.7.4 Mexico: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.2.7.4.1 Mexico: Artillery Systems Market Breakdown, by Component

11.2.7.4.2 Mexico: Artillery Systems Market Breakdown, by Range

11.2.7.4.3 Mexico: Artillery Systems Market Breakdown, by Caliber

11.2.7.4.4 Mexico: Artillery Systems Market Breakdown, by Type

11.3 Europe

11.3.1 Europe Artillery Systems Market Overview

11.3.2 Europe: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.3.3 Europe: Artillery Systems Market Breakdown, by Component

11.3.3.1 Europe: Artillery Systems Market – Revenue and Forecast Analysis – by Component

11.3.4 Europe: Artillery Systems Market Breakdown, by Range

11.3.4.1 Europe: Artillery Systems Market – Revenue and Forecast Analysis – by Range

11.3.5 Europe: Artillery Systems Market Breakdown, by Caliber

11.3.5.1 Europe: Artillery Systems Market – Revenue and Forecast Analysis – by Caliber

11.3.6 Europe: Artillery Systems Market Breakdown, by Type

11.3.6.1 Europe: Artillery Systems Market – Revenue and Forecast Analysis – by Type

11.3.7 Europe: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.3.7.1 Europe: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.3.7.2 Germany: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.3.7.2.1 Germany: Artillery Systems Market Breakdown, by Component

11.3.7.2.2 Germany: Artillery Systems Market Breakdown, by Range

11.3.7.2.3 Germany: Artillery Systems Market Breakdown, by Caliber

11.3.7.2.4 Germany: Artillery Systems Market Breakdown, by Type

11.3.7.3 France: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.3.7.3.1 France: Artillery Systems Market Breakdown, by Component

11.3.7.3.2 France: Artillery Systems Market Breakdown, by Range

11.3.7.3.3 France: Artillery Systems Market Breakdown, by Caliber

11.3.7.3.4 France: Artillery Systems Market Breakdown, by Type

11.3.7.4 Italy: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.3.7.4.1 Italy: Artillery Systems Market Breakdown, by Component

11.3.7.4.2 Italy: Artillery Systems Market Breakdown, by Range

11.3.7.4.3 Italy: Artillery Systems Market Breakdown, by Caliber

11.3.7.4.4 Italy: Artillery Systems Market Breakdown, by Type

11.3.7.5 United Kingdom: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.3.7.5.1 United Kingdom: Artillery Systems Market Breakdown, by Component

11.3.7.5.2 United Kingdom: Artillery Systems Market Breakdown, by Range

11.3.7.5.3 United Kingdom: Artillery Systems Market Breakdown, by Caliber

11.3.7.5.4 United Kingdom: Artillery Systems Market Breakdown, by Type

11.3.7.6 Russia: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.3.7.6.1 Russia: Artillery Systems Market Breakdown, by Component

11.3.7.6.2 Russia: Artillery Systems Market Breakdown, by Range

11.3.7.6.3 Russia: Artillery Systems Market Breakdown, by Caliber

11.3.7.6.4 Russia: Artillery Systems Market Breakdown, by Type

11.3.7.7 Rest of Europe: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.3.7.7.1 Rest of Europe: Artillery Systems Market Breakdown, by Component

11.3.7.7.2 Rest of Europe: Artillery Systems Market Breakdown, by Range

11.3.7.7.3 Rest of Europe: Artillery Systems Market Breakdown, by Caliber

11.3.7.7.4 Rest of Europe: Artillery Systems Market Breakdown, by Type

11.4 Asia Pacific

11.4.1 Asia Pacific Artillery Systems Market Overview

11.4.2 Asia Pacific: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.4.3 Asia Pacific: Artillery Systems Market Breakdown, by Component

11.4.3.1 Asia Pacific: Artillery Systems Market – Revenue and Forecast Analysis – by Component

11.4.4 Asia Pacific: Artillery Systems Market Breakdown, by Range

11.4.4.1 Asia Pacific: Artillery Systems Market – Revenue and Forecast Analysis – by Range

11.4.5 Asia Pacific: Artillery Systems Market Breakdown, by Caliber

11.4.5.1 Asia Pacific: Artillery Systems Market – Revenue and Forecast Analysis – by Caliber

11.4.6 Asia Pacific: Artillery Systems Market Breakdown, by Type

11.4.6.1 Asia Pacific: Artillery Systems Market – Revenue and Forecast Analysis – by Type

11.4.7 Asia Pacific: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.4.7.1 Asia Pacific: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.4.7.2 Australia: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.4.7.2.1 Australia: Artillery Systems Market Breakdown, by Component

11.4.7.2.2 Australia: Artillery Systems Market Breakdown, by Range

11.4.7.2.3 Australia: Artillery Systems Market Breakdown, by Caliber

11.4.7.2.4 Australia: Artillery Systems Market Breakdown, by Type

11.4.7.3 China: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.4.7.3.1 China: Artillery Systems Market Breakdown, by Component

11.4.7.3.2 China: Artillery Systems Market Breakdown, by Range

11.4.7.3.3 China: Artillery Systems Market Breakdown, by Caliber

11.4.7.3.4 China: Artillery Systems Market Breakdown, by Type

11.4.7.4 India: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.4.7.4.1 India: Artillery Systems Market Breakdown, by Component

11.4.7.4.2 India: Artillery Systems Market Breakdown, by Range

11.4.7.4.3 India: Artillery Systems Market Breakdown, by Caliber

11.4.7.4.4 India: Artillery Systems Market Breakdown, by Type

11.4.7.5 Japan: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.4.7.5.1 Japan: Artillery Systems Market Breakdown, by Component

11.4.7.5.2 Japan: Artillery Systems Market Breakdown, by Range

11.4.7.5.3 Japan: Artillery Systems Market Breakdown, by Caliber

11.4.7.5.4 Japan: Artillery Systems Market Breakdown, by Type

11.4.7.6 South Korea: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.4.7.6.1 South Korea: Artillery Systems Market Breakdown, by Component

11.4.7.6.2 South Korea: Artillery Systems Market Breakdown, by Range

11.4.7.6.3 South Korea: Artillery Systems Market Breakdown, by Caliber

11.4.7.6.4 South Korea: Artillery Systems Market Breakdown, by Type

11.4.7.7 Rest of APAC: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.4.7.7.1 Rest of APAC: Artillery Systems Market Breakdown, by Component

11.4.7.7.2 Rest of APAC: Artillery Systems Market Breakdown, by Range

11.4.7.7.3 Rest of APAC: Artillery Systems Market Breakdown, by Caliber

11.4.7.7.4 Rest of APAC: Artillery Systems Market Breakdown, by Type

11.5 Middle East & Africa

11.5.1 Middle East & Africa Artillery Systems Market Overview

11.5.2 Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.5.3 Middle East & Africa: Artillery Systems Market Breakdown, by Component

11.5.3.1 Middle East & Africa: Artillery Systems Market – Revenue and Forecast Analysis – by Component

11.5.4 Middle East & Africa: Artillery Systems Market Breakdown, by Range

11.5.4.1 Middle East & Africa: Artillery Systems Market – Revenue and Forecast Analysis – by Range

11.5.5 Middle East & Africa: Artillery Systems Market Breakdown, by Caliber

11.5.5.1 Middle East & Africa: Artillery Systems Market – Revenue and Forecast Analysis – by Caliber

11.5.6 Middle East & Africa: Artillery Systems Market Breakdown, by Type

11.5.6.1 Middle East & Africa: Artillery Systems Market – Revenue and Forecast Analysis – by Type

11.5.7 Middle East & Africa: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.5.7.1 Middle East & Africa: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.5.7.2 Saudi Arabia: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.5.7.2.1 Saudi Arabia: Artillery Systems Market Breakdown, by Component

11.5.7.2.2 Saudi Arabia: Artillery Systems Market Breakdown, by Range

11.5.7.2.3 Saudi Arabia: Artillery Systems Market Breakdown, by Caliber

11.5.7.2.4 Saudi Arabia: Artillery Systems Market Breakdown, by Type

11.5.7.3 UAE: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.5.7.3.1 UAE: Artillery Systems Market Breakdown, by Component

11.5.7.3.2 UAE: Artillery Systems Market Breakdown, by Range

11.5.7.3.3 UAE: Artillery Systems Market Breakdown, by Caliber

11.5.7.3.4 UAE: Artillery Systems Market Breakdown, by Type

11.5.7.4 South Africa: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.5.7.4.1 South Africa: Artillery Systems Market Breakdown, by Component

11.5.7.4.2 South Africa: Artillery Systems Market Breakdown, by Range

11.5.7.4.3 South Africa: Artillery Systems Market Breakdown, by Caliber

11.5.7.4.4 South Africa: Artillery Systems Market Breakdown, by Type

11.5.7.5 Rest of Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.5.7.5.1 Rest of Middle East & Africa: Artillery Systems Market Breakdown, by Component

11.5.7.5.2 Rest of Middle East & Africa: Artillery Systems Market Breakdown, by Range

11.5.7.5.3 Rest of Middle East & Africa: Artillery Systems Market Breakdown, by Caliber

11.5.7.5.4 Rest of Middle East & Africa: Artillery Systems Market Breakdown, by Type

11.6 South America

11.6.1 South America Artillery Systems Market Overview

11.6.2 South America: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.6.3 South America: Artillery Systems Market Breakdown, by Component

11.6.3.1 South America: Artillery Systems Market – Revenue and Forecast Analysis – by Component

11.6.4 South America: Artillery Systems Market Breakdown, by Range

11.6.4.1 South America: Artillery Systems Market – Revenue and Forecast Analysis – by Range

11.6.5 South America: Artillery Systems Market Breakdown, by Caliber

11.6.5.1 South America: Artillery Systems Market – Revenue and Forecast Analysis – by Caliber

11.6.6 South America: Artillery Systems Market Breakdown, by Type

11.6.6.1 South America: Artillery Systems Market – Revenue and Forecast Analysis – by Type

11.6.7 South America: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.6.7.1 South America: Artillery Systems Market – Revenue and Forecast Analysis – by Country

11.6.7.2 Brazil: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.6.7.2.1 Brazil: Artillery Systems Market Breakdown, by Component

11.6.7.2.2 Brazil: Artillery Systems Market Breakdown, by Range

11.6.7.2.3 Brazil: Artillery Systems Market Breakdown, by Caliber

11.6.7.2.4 Brazil: Artillery Systems Market Breakdown, by Type

11.6.7.3 Rest of South America: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11.6.7.3.1 Rest of South America: Artillery Systems Market Breakdown, by Component

11.6.7.3.2 Rest of South America: Artillery Systems Market Breakdown, by Range

11.6.7.3.3 Rest of South America: Artillery Systems Market Breakdown, by Caliber

11.6.7.3.4 Rest of South America: Artillery Systems Market Breakdown, by Type

12. Competitive Landscape

12.1 Company Positioning & Concentration

12.2 Impact of Geopolitical War

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

14. Company Profiles

14.1 BAE Systems Plc

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Lockheed Martin Corp

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Avibras Industria Aeroespacial SA

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Elbit Systems Ltd

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Leonardo DRS Inc

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Rheinmetall AG

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 KMW+NEXTER Defense Systems NV

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 General Dynamics European Land Systems SLU

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Singapore Technologies Engineering Ltd

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Denel Land Systems Pty Ltd

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners

List of Tables

Table 1. Artillery Systems Market Segmentation

Table 2. Military Expenditure of Top Five Countries (2021–2023)

Table 3. Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Table 4. Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Component

Table 5. Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Range

Table 6. Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Caliber

Table 7. Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type

Table 8. North America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 9. North America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 10. North America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 11. North America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 12. North America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 13. United States: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 14. United States: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 15. United States: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 16. United States: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 17. Canada: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 18. Canada: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 19. Canada: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 20. Canada: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 21. Mexico: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 22. Mexico: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 23. Mexico: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 24. Mexico: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 25. Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 26. Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 27. Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 28. Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 29. Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 30. Germany: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 31. Germany: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 32. Germany: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 33. Germany: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 34. France: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 35. France: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 36. France: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 37. France: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 38. Italy: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 39. Italy: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 40. Italy: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 41. Italy: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 42. United Kingdom: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 43. United Kingdom: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 44. United Kingdom: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 45. United Kingdom: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 46. Russia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 47. Russia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 48. Russia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 49. Russia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 50. Rest of Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 51. Rest of Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 52. Rest of Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 53. Rest of Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 54. Asia Pacific: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 55. Asia Pacific: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 56. Asia Pacific: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 57. Asia Pacific: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 58. Asia Pacific: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 59. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 60. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 61. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 62. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 63. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 64. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 65. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 66. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 67. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 68. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 69. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 70. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 71. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 72. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 73. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 74. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 75. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 76. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 77. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 78. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 79. Rest of APAC: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 80. Rest of APAC: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 81. Rest of APAC: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 82. Rest of APAC: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 83. Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 84. Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 85. Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 86. Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 87. Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 88. Saudi Arabia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 89. Saudi Arabia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 90. Saudi Arabia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 91. Saudi Arabia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 92. UAE: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 93. UAE: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 94. UAE: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 95. UAE: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 96. South Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 97. South Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 98. South Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 99. South Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 100. Rest of Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 101. Rest of Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 102. Rest of Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 103. Rest of Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 104. South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 105. South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 106. South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 107. South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 108. South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 109. Brazil: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 110. Brazil: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 111. Brazil: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 112. Brazil: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

Table 113. Rest of South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 114. Rest of South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range

Table 115. Rest of South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber

Table 116. Rest of South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

List of Figures

Figure 1. Artillery Systems Market Segmentation, by Geography

Figure 2. Porter’s Five Forces Analysis

Figure 3. Ecosystem Analysis

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. Artillery Systems Market Breakdown, by Geography, 2023 and 2031 (%)

Figure 6. Artillery Systems Market Revenue (US$ Million), 2021–2031

Figure 7. Artillery Systems Market Share (%) – by Component (2023 and 2031)

Figure 8. Gun Turret: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 9. Fire Control System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 10. Ammunition Handling System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 11. Auxiliary System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 12. Others: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 13. Artillery Systems Market Share (%) – by Range (2023 and 2031)

Figure 14. Short Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 15. Medium Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 16. Long Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 17. Artillery Systems Market Share (%) – by Caliber (2023 and 2031)

Figure 18. Small Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 19. Medium Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 20. Large Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 21. Artillery Systems Market Share (%) – by Type (2023 and 2031)

Figure 22. Howitzer: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 23. Mortar: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 24. Rocket Artillery: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

Figure 25. Artillery Systems Market Breakdown by Region, 2023 and 2031 (%)

Figure 26. North America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 27. North America: Artillery Systems Market Breakdown, by Component (2023 and 2031)

Figure 28. North America: Artillery Systems Market Breakdown, by Range (2023 and 2031)

Figure 29. North America: Artillery Systems Market Breakdown, by Caliber (2023 and 2031)

Figure 30. North America: Artillery Systems Market Breakdown, by Type (2023 and 2031)

Figure 31. North America: Artillery Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 32. United States: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 33. Canada: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 34. Mexico: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 35. Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 36. Europe: Artillery Systems Market Breakdown, by Component (2023 and 2031)

Figure 37. Europe: Artillery Systems Market Breakdown, by Range (2023 and 2031)

Figure 38. Europe: Artillery Systems Market Breakdown, by Caliber (2023 and 2031)

Figure 39. Europe: Artillery Systems Market Breakdown, by Type (2023 and 2031)

Figure 40. Europe: Artillery Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 41. Germany: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 42. France: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 43. Italy: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 44. United Kingdom: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 45. Russia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 46. Rest of Europe: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 47. Asia Pacific: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 48. Asia Pacific: Artillery Systems Market Breakdown, by Component (2023 and 2031)

Figure 49. Asia Pacific: Artillery Systems Market Breakdown, by Range (2023 and 2031)

Figure 50. Asia Pacific: Artillery Systems Market Breakdown, by Caliber (2023 and 2031)

Figure 51. Asia Pacific: Artillery Systems Market Breakdown, by Type (2023 and 2031)

Figure 52. Asia Pacific: Artillery Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 53. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 54. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 55. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 56. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 57. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 58. Rest of APAC: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 59. Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 60. Middle East & Africa: Artillery Systems Market Breakdown, by Component (2023 and 2031)

Figure 61. Middle East & Africa: Artillery Systems Market Breakdown, by Range (2023 and 2031)

Figure 62. Middle East & Africa: Artillery Systems Market Breakdown, by Caliber (2023 and 2031)

Figure 63. Middle East & Africa: Artillery Systems Market Breakdown, by Type (2023 and 2031)

Figure 64. Middle East & Africa: Artillery Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 65. Saudi Arabia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 66. UAE: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 67. South Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 68. Rest of Middle East & Africa: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 69. South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 70. South America: Artillery Systems Market Breakdown, by Component (2023 and 2031)

Figure 71. South America: Artillery Systems Market Breakdown, by Range (2023 and 2031)

Figure 72. South America: Artillery Systems Market Breakdown, by Caliber (2023 and 2031)

Figure 73. South America: Artillery Systems Market Breakdown, by Type (2023 and 2031)

Figure 74. South America: Artillery Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 75. Brazil: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 76. Rest of South America: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)

Figure 77. Company Positioning & Concentration

The List of Companies - Artillery Systems Market

  1. Avibras Indústria Aeroespacial S/A
  2. BAE Systems Plc
  3. Nexter Groupe KNDS
  4. Denel Land Systems
  5. Elbit Systems Ltd
  6. General Dynamics
  7. ST Engineering
  8. Lockheed Martin Corporation
  9. Rheinmetall AG
  10. Leonardo DRS Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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