Global Artillery Systems Market report published by Accurize Market Research forecast that the global market is expected to reach $15 billion by 2025; growing at a CAGR of 7.3% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Increasing demand for artillery systems from the military sector as well as continuing military up-gradation programs across the globe to drive the growth of the market
Increasing demand for artillery systems from the military sector as well as continuing military up-gradation programs across the globe fuels the demand for the global artillery systems market. Furthermore, the growing defense expenditure of developing countries also boosts the growth of the market.

Market Segmentation

The global artillery systems market has been bifurcated on the basis of type, component, range, caliber, and geography. By type, the market is further sub-segmented into Mortar (Self-propelled, and Towed), Howitzer (Self-propelled, and Towed), Anti-air (Air Defense Gun, and Counter Rocket, Artillery and Mortar (C-RAM)), Rocket (Multiple Launch Rocket System (MLRS), and Man-portable air-defense Systems (MANPADS)), and Other Types (Coastal Artillery, and Naval Artillery). The component is further categorized as Fire Control System, Gun Turret, Engine, Ammunition Handling System, Auxiliary Systems, and Chassis. On the basis of range, the market is separated into Long Range, Short Range, and Medium Range. Caliber comprises Small Caliber (Mortar, Howitzer, Anti-air, Rocket, and Other Small Calibers), Medium Caliber (Rocket, Howitzer, Mortar, and Other Medium Calibers), and Heavy Caliber (Howitzer and Rocket).

By geography, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World (RoW). North America is further bifurcated into the U.S., Canada, and Mexico whereas Europe segment consists of the UK, Russia, Germany, France, Italy, and the Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and the Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.

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Top players in the market

The key market players include Elbit Systems Ltd., Nexter Group, IMI Systems Ltd., General Dynamics Corporation, BAE Systems, Lockheed Martin Corporation, Avibras, Hanwha Techwin Co, Ltd., Denel SOC Ltd., and NORINCO Group, among others.