Artillery Market was valued at USD 25.4 Billion in 2022 and is projected to reach USD 38.6 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The artillery market, a vital segment within the defense industry, plays a significant role in both national defense and modern warfare. The artillery market can be divided into various segments based on its application, such as defense, warfare, and other operational uses. Among the most critical applications, defense and warfare are paramount due to their direct impact on national security and military strategies. This report delves into the specific subsegments of the artillery market by application, providing a focused exploration of the roles these segments play in shaping global defense operations.
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The defense segment of the artillery market is primarily concerned with the strategic defense capabilities of a nation. Artillery systems within this segment are employed to provide superior firepower for border security, military installations, and protection against external threats. These systems are integral to fortifying defensive positions and safeguarding national assets, making them indispensable in both peacetime and wartime scenarios. The defense artillery market encompasses a wide array of systems, including self-propelled howitzers, field guns, and anti-aircraft artillery. This diversity allows for flexible defense strategies, tailored to specific threats and operational needs.
With increasing geopolitical tensions and the modernization of military forces globally, the demand for advanced defense artillery systems is on the rise. Nations are continually investing in the development of next-generation artillery that incorporates cutting-edge technologies such as automation, precision targeting, and enhanced range. These innovations aim to improve the effectiveness of artillery in defense operations, ensuring that military forces can respond rapidly and with increased accuracy to potential threats. The growth of this subsegment is driven by both the need for deterrence against hostile forces and the enhancement of military readiness across the globe.
The warfare application of artillery is fundamental to offensive and defensive military operations on the battlefield. Artillery in warfare is designed for both direct and indirect fire, providing military units with the ability to strike targets at considerable distances. Artillery systems in this sector are often deployed for bombardment, counter-battery operations, and support for infantry and armored units. The role of artillery in warfare extends beyond mere destruction; it is also used to shape the battlefield, disrupt enemy movements, and provide vital suppression of hostile forces. This strategic application is essential for modern military campaigns that rely on the integration of various combat elements.
Technological advancements, including the development of precision-guided munitions (PGMs), have significantly enhanced the effectiveness of artillery in warfare. Modern artillery systems are designed to deliver high precision with greater range, minimizing collateral damage while maximizing combat effectiveness. The growing trend of network-centric warfare, where artillery units are integrated with other military assets via real-time data exchange, is also boosting the effectiveness of artillery in warfare. As global military powers invest in upgrading their artillery systems, the market for warfare artillery continues to expand, with an increasing focus on speed, accuracy, and coordination with other military technologies.
One of the key trends in the artillery market is the increasing focus on automation and digitalization. Military forces are investing in smart artillery systems that integrate digital communication, precision targeting, and automated firing solutions. These innovations enhance the speed, accuracy, and operational efficiency of artillery, enabling quick response times and reducing human error in combat scenarios. Furthermore, the introduction of autonomous artillery systems, which require minimal human intervention, is expected to play a significant role in the future of the market.
Another trend is the growing demand for artillery systems that are capable of launching precision-guided munitions (PGMs). The development of these advanced munitions allows for greater accuracy and the ability to engage specific targets with reduced risk of collateral damage. As military operations increasingly prioritize surgical strikes, PGMs have become a critical part of artillery strategies. Additionally, the integration of artillery systems with other military platforms, such as drones and satellites, is enhancing the effectiveness of artillery in both defensive and offensive operations.
The artillery market presents numerous opportunities for growth, particularly in the area of modernization and technological upgrades. Many nations are investing in upgrading their existing artillery systems, incorporating new technologies such as automation, advanced fire control systems, and enhanced mobility. These upgrades provide an opportunity for manufacturers to supply state-of-the-art artillery solutions, ensuring that military forces remain competitive and capable in the face of evolving threats.
Additionally, the increasing demand for artillery systems in emerging markets offers significant growth potential. Countries in regions such as Asia-Pacific, the Middle East, and Africa are expanding their defense budgets and modernizing their military forces. This presents a lucrative opportunity for companies involved in the production of artillery systems, as these nations look to bolster their defense capabilities. Furthermore, the rising focus on joint defense operations and multinational military collaborations opens the door for artillery systems to be integrated into broader defense initiatives, creating a wider scope for market expansion.
Q1: What is the primary role of artillery in defense?
A1: Artillery plays a crucial role in national defense by providing long-range firepower for the protection of borders and military assets.
Q2: How is artillery used in modern warfare?
A2: Artillery is used in modern warfare for bombardment, support operations, and strategic suppression of enemy forces on the battlefield.
Q3: What are precision-guided munitions (PGMs) in artillery?
A3: PGMs are advanced munitions that use guidance systems to deliver accurate strikes, reducing collateral damage and enhancing targeting precision.
Q4: How is automation changing the artillery market?
A4: Automation is enhancing the speed, accuracy, and operational efficiency of artillery systems, allowing for faster response times and reduced human intervention.
Q5: What are the key trends shaping the artillery market?
A5: Key trends include the focus on automation, the use of precision-guided munitions, and the integration of artillery with other military technologies.
Q6: How do self-propelled howitzers benefit military operations?
A6: Self-propelled howitzers provide mobility and versatility, allowing artillery units to move quickly on the battlefield and engage targets effectively.
Q7: What role does artillery play in counter-battery operations?
A7: Artillery is used in counter-battery operations to target and destroy enemy artillery, reducing their effectiveness and maintaining battlefield superiority.
Q8: Why is artillery important for modern military campaigns?
A8: Artillery is vital for shaping the battlefield, providing fire support, and disrupting enemy operations, making it an essential component of modern warfare.
Q9: What are the challenges faced in the artillery market?
A9: Challenges include the high cost of advanced artillery systems, the complexity of modernization efforts, and the need for interoperability with other military platforms.
Q10: What opportunities exist for artillery manufacturers in emerging markets?
A10: Emerging markets present opportunities due to increased defense spending and modernization efforts, creating demand for advanced artillery systems.
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BAE Systems
Alliant Techsystems
Mandus Group
Bofors AB
Krupp
General Dynamics Corp
Zavod imeni Stalina (ZiS)
Skoda
Nexter
NORINCO GROUP
Rheinmetall Defence
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artillery Market
Defense
Warfare
Based on Types the Market is categorized into Below types that held the largest Artillery market share In 2023.
Field artillery
Motorized artillery
Self-propelled artillery
Railway gun
Naval artillery
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Artillery Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artillery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artillery Market, By Type
6. Global Artillery Market, By Application
7. Global Artillery Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Artillery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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