Howitzer Market Forecast to 2030 - Size, Share, Growth, Trends
[Research Report] The howitzer market size is expected to grow from US$ 5,098.26 million in 2022 to US$ 9,136.78 million by 2030; it is estimated to register a CAGR of 7.6% from 2022 to 2030.
Analyst Perspective:
The howitzer market has witnessed tremendous growth in the past few years. One of the major factors propelling the market growth is the rising military expenditure for procuring warfare technologies across different regions. The howitzer market trends include the rising development of self-propelled artillery systems. Self-propelled artillery systems are currently being utilized across major countries' wars, such as Russia-Ukraine, US-Iran, Israel-Palestine, and China-Taiwan. Howitzer manufacturers are majorly focusing on the development of innovative products to remain competitive in the market.
Market Overview:
The scope of the howitzer market report covers North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). The howitzer market is likely to register healthy growth in the coming years. However, the market is moderately consolidated with the presence of a limited number of players operating across different regions. Moreover, some of the countries have been pushing their military investments to procure self-propelled howitzers to replace their old, outdated howitzers and are operated with the higher operational costs.
The constant tensions among the countries such as Russia-Ukraine, China-Taiwan, Israel-Palestine, US-China, India-Pakistan, and India-China. Further, this is also due to the rising geopolitical competitions among different countries for strengthening their respective armed forces for which they are procuring advanced warfare technologies and adding more strength to their respective armed forces. Such factors have been pushing the deployment of howitzers and howitzer vehicles in larger numbers, which is further generating the need for howitzer systems across different regions.
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Howitzer Market: Strategic Insights
Market Size Value in US$ 5,098.26 million in 2022 Market Size Value by US$ 9,136.78 million by 2030 Growth rate CAGR of 7.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Howitzer Market: Strategic Insights
| Market Size Value in | US$ 5,098.26 million in 2022 |
| Market Size Value by | US$ 9,136.78 million by 2030 |
| Growth rate | CAGR of 7.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Market Driver:
Rising Number of Contracts for Howitzer Systems Fueling Howitzer Market Growth
Manufacturers operating in the artillery systems market strongly focus on collaborating with different governments and armed forces to comprehend their respective demands and offer them suitable solutions. The military forces of various countries are providing numerous contracts to artillery systems manufacturers to procure several communication, surveillance, and navigation systems. Moreover, the defense forces of different nations are investing substantially in procuring artillery systems such as rocket artillery, mortars, and howitzers. Artillery systems are reliable for taking down short, medium, and long-range targets. They enable armed forces to facilitate enhanced remote firing on ground or naval platforms.
The majority of the countries' armed forces have been investing heavily in the procurement of artillery systems. A few examples are mentioned below:
- In December 2023, Poland's State Armament Agency announced that it had purchased K9 Howitzers from South Korea as a part of the US$ 2.6 billion deal with Hanwha Defense.
- In November 2023, BAE Systems won a contract worth US$ 63 million from the US DoD to produce self-propelled Paladin howitzers and ammunition carrier vehicles.
- In September 2023, the Indian Army passed a proposal to purchase 400 units of howitzers worth US$ 48 million from Indian firms.
- In December 2022, the Indian Defence Ministry issued a Request for Proposal to L&T for producing 100 units of K9 Howitzers through Hanwha Defense Technology.
The growing number of contracts and deals to procure advanced military forces to combat ground warfare is a major driver for the howitzer market globally.
Segmental Analysis:
The howitzermarket analysis has been carried out by considering the following segments: component, range, and type. Based on component, the market is segmented into gun turret, fire control system, ammunition handling system, auxiliary system, and others. The fire control system segment held the largest howitzer market share in 2022. The segment accounted for 31.9% of the market share and is expected to hold 34.7% of the market share by 2030. A fire control system is one of the most expensive and important components of any artillery system. Many countries have been investing a significant portion of their respective military expenditure to procure advanced fire control systems for their existing artilleries. Rising procurement of new artillery systems by different countries and increasing modification of existing artillery systems are among the factors propelling the demand for fire control systems across different regions. For instance, in September 2023, Elbit Systems Ltd won a contract worth US$ 200 million for supplying a C4I solution to artillery battalions and a Hostile Fire Counter Attack (HFCA) system to an undisclosed customer in the European Union.
Regional Analysis:
The North America howitzer market was valued at US$ 1,678.30 million in 2022 and is projected to reach US$ 3,016.69 million by 2030; it is expected to register a CAGR of 7.6% during 2022 to 2030. North America has the presence of a few major howitzer system manufacturers, such as BAE Systems Plc, Saab AB, General Dynamics Ordnance and Tactical Systems, and Northrop Grumman Corporation, which have their respective production facilities across different parts of the region and keeps catering to the demand for howitzer systems from their respective facilities. The US accounted for the largest howitzer market share in the North America market, owing to the presence of the key howitzer manufacturers and the largest military expenditure globally.
Howitzer Market Report Scope
Key Player Analysis:
The howitzer market report includes the company profiles of players such as BAE Systems Plc, Elbit Systems Ltd, Avibras, Hanwha Group, RUAG Group, IMI Systems, General Dynamics, ST Engineering, Denel SOC Ltd, and Saab AB. These are the top market players, owing to the diversified product portfolio offered.
Recent Developments:
The howitzer market forecast can help stakeholders plan their growth strategies. Inorganic and organic strategies such as product launches, mergers, and acquisitions are highly adopted by companies operating in the howitzer market. For instance, in July 2023, Avibras Indústria Aeroespacial signed a memorandum of understanding with Saudi company SCOPA Defense to develop and manufacture advanced defense equipment. The partnership aims to create new jobs, ensure Saudi Arabia's sovereignty, and contribute to the private sector. SCOPA aims to stimulate other sectors, such as industrial equipment, communications, and information technology, by establishing private defense industries. Such strategic initiatives catalyze the howitzer market growth from the suppliers' perspective.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Range, and Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Demand for self-propelled howitzers is one of the major trends expected to drive the market in the coming years.
Elbit Systems Ltd, BAE Systems Plc, General Dynamics Ordnance Systems, Denel SOC Ltd, and Hanwha Group are some of the key market players operating in the global howitzer market.
Surge in global military expenditure and rising number of contracts for the procurement of howitzers are contributing to the growth of howitzer market.
North America is expected to account for the largest share during the forecast period and it is likely to retain its dominance during the forecast period as well.
Increasing awareness for strengthening armed forces of different countries and rising cross country conflicts are some of the key factors likely to generate new opportunities for market vendors during the forecast period.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Howitzer Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Howitzer Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Howitzer Market - Global Market Analysis
6.1 Howitzer - Global Market Overview
6.2 Howitzer - Global Market and Forecast to 2031
7. Howitzer Market – Revenue Analysis (USD Million) – By Component, 2021-2031
7.1 Overview
7.2 Gun Turret
7.3 Fire Control System
7.4 Ammunition Handling System
7.5 Auxiliary System
7.6 Others
8. Howitzer Market – Revenue Analysis (USD Million) – By Range, 2021-2031
8.1 Overview
8.2 Short Range
8.3 Medium Range
8.4 Long Range
9. Howitzer Market – Revenue Analysis (USD Million) – By Type, 2021-2031
9.1 Overview
9.2 Towed Howitzer
9.3 Self-Propelled
10. Howitzer Market - Revenue Analysis (USD Million), 2021-2031 – Geographical Analysis
10.1 North America
10.1.1 North America Howitzer Market Overview
10.1.2 North America Howitzer Market Revenue and Forecasts to 2031
10.1.3 North America Howitzer Market Revenue and Forecasts and Analysis - By Component
10.1.4 North America Howitzer Market Revenue and Forecasts and Analysis - By Range
10.1.5 North America Howitzer Market Revenue and Forecasts and Analysis - By Type
10.1.6 North America Howitzer Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States Howitzer Market
10.1.6.1.1 United States Howitzer Market, by Component
10.1.6.1.2 United States Howitzer Market, by Range
10.1.6.1.3 United States Howitzer Market, by Type
10.1.6.2 Canada Howitzer Market
10.1.6.2.1 Canada Howitzer Market, by Component
10.1.6.2.2 Canada Howitzer Market, by Range
10.1.6.2.3 Canada Howitzer Market, by Type
10.1.6.3 Mexico Howitzer Market
10.1.6.3.1 Mexico Howitzer Market, by Component
10.1.6.3.2 Mexico Howitzer Market, by Range
10.1.6.3.3 Mexico Howitzer Market, by Type
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 United Kingdom
10.2.5 Russia
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Rest of South and Central America
11. Industry Landscape
11.1 Mergers and Acquisitions
11.2 Agreements, Collaborations, Joint Ventures
11.3 New Product Launches
11.4 Expansions and Other Strategic Developments
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. Howitzer Market - Key Company Profiles
13.1 BAE Systems Plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
Note - Similar information would be provided for below list of companies
13.2 Elbit Systems Ltd
13.3 Avibras
13.4 Hanwha Group
13.5 RUAG AG
13.6 IMI Systems
13.7 General Dynamics
13.8 ST Engineering
13.9 Denel SOC Ltd
13.10 SAAB AB
14. Appendix
14.1 Glossary
14.2 About The Insight Partners
14.3 Market Intelligence Cloud
The List of Companies - Howitzer Market
- BAE Systems Plc
- Elbit Systems Ltd
- Avibras
- Hanwha Group
- RUAG Group
- IMI Systems
- General Dynamics
- ST Engineering
- Denel SOC Ltd
- Saab AB
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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