Artillery Systems Market - By Type (Howitzers, Mortars, Rocket Artillery, Coastal and Naval Artillery, Anti-air), By Components, By End-use Industry (Small, Medium, Heavy), By Range & Forecast, 2024 – 2032

Artillery Systems Market Size

Artillery Systems Market was valued at USD 12.13 billion in 2023 and is expected to grow at a CAGR of over 8% between 2024 and 2032.
 

Increased defense collaboration among countries and defense contractors is a significant growth driver for the market. These collaborations often take the form of strategic alliances, joint ventures, co-development projects, and technology transfer agreements, all of which contribute to the development and deployment of advanced artillery systems. Such collaborations are fueled by the need to pool resources, share technological expertise, and achieve common defense objectives in an increasingly complex global security environment. One of the primary benefits of defense collaboration is the pooling of financial and technological resources. Developing cutting-edge artillery systems is capital-intensive and requires substantial investment in research and development. By collaborating, countries and defense companies can share the financial burden, thereby accelerating the development process and reducing individual costs.
 

For instance, in November 2023, The UK Ministry of Defence awarded a USD 4.5 million contract to BAE Systems Bofors AB to service the Archer Artillery System. A broad range of services are covered under the contract, including training, equipment/components via technical design and configuration, maintenance, repair, and configuration management of the Archer Artillery Systems.
 

Rising asymmetric warfare is a significant growth driver for the artillery systems market, as it necessitates the development and deployment of versatile and responsive artillery solutions to counter unconventional threats. Asymmetric warfare refers to conflicts where opposing forces differ significantly in terms of military power and tactics. These conflicts often involve non-state actors, insurgent groups, and guerrilla fighters who employ unconventional methods such as terrorism, cyber-attacks, and guerilla warfare to challenge conventional military forces. One of the key characteristics of asymmetric warfare is its unpredictable and unconventional nature. Unlike traditional state-on-state conflicts, asymmetric warfare does not follow conventional rules of engagement. Non-state actors often operate in small, mobile units, blending in with civilian populations and employing hit-and-run tactics.
 

The market is heavily regulated, with stringent compliance requirements related to safety, environmental impact, and international arms control agreements. Navigating these regulatory landscapes can be complex and time-consuming for manufacturers. Compliance with export controls, such as the International Traffic in Arms Regulations (ITAR) and other regional regulations, can also limit market opportunities and pose significant challenges to expanding into new markets.
 

Artillery Systems Market Trends

The artillery systems industry is witnessing several notable trends that are shaping its growth trajectory. One significant trend is the increasing demand for precision-guided munitions (PGMs) and smart artillery systems. Modern artillery platforms are increasingly equipped with advanced guidance and targeting systems, such as GPS-guided shells and laser-guided projectiles, which enhance accuracy and minimize collateral damage. This trend is driven by the growing emphasis on reducing civilian casualties, improving operational effectiveness, and achieving strategic objectives with greater precision.
 

Additionally, there is a rising adoption of modular and scalable artillery systems that offer flexibility in mission configurations and operational environments. These systems allow military forces to quickly adapt to changing battlefield scenarios and integrate with network-centric warfare capabilities. Another key trend is the integration of digital technologies and artificial intelligence (AI) in artillery systems.
 

AI-powered fire control systems, predictive maintenance algorithms, and autonomous targeting capabilities are enhancing the efficiency, reliability, and operational autonomy of artillery units. This digital transformation enables real-time decision-making, enhancing situational awareness, and optimizing logistics support for artillery operations. Moreover, there is a growing trend towards the development of lightweight and mobile artillery systems that can be rapidly deployed and maneuvered across diverse terrain. These systems cater to the increasing need for expeditionary warfare capabilities and support rapid response operations in remote and challenging environments. Overall, these trends indicate a shift towards more technologically advanced, precise, and flexible artillery systems that enhance military capabilities and effectiveness in modern warfare scenarios.
 

Artillery systems Market Analysis

Based on type, the market is divided into howitzers, mortars, rocket artillery, coastal and naval artillery, anti-air. The anti-air segment is expected to register a CAGR of over 10% during the forecast period.
 

• Anti-air artillery systems are specialized weapons designed to intercept and destroy airborne threats, including fixed-wing aircraft, helicopters, and unmanned aerial vehicles (UAVs). These systems range from lightweight air defense guns to advanced surface-to-air missile (SAM) systems equipped with radar-guided targeting and fire control capabilities.
   
• Anti-air artillery plays a critical role in protecting ground forces, key installations, and civilian populations from aerial attacks, providing layered air defense coverage against both conventional and asymmetric threats. Modern anti-aircraft systems integrate network-centric warfare capabilities, cooperative engagement modes, and electronic warfare countermeasures to enhance situational awareness and operational effectiveness in complex air defense environments.
   

Based on caliber, the market is divided into small (less than 105 mm), medium (105 mm to 155 mm), heavy (greater than 155 mm). The medium (105 mm to 155 mm) segment dominated the global market with a revenue of over USD 10 billion by 2032.

• Medium artillery systems encompass howitzers and guns with calibers ranging from 105 mm to 155 mm, serving as the backbone of conventional artillery forces worldwide. These systems strike a balance between mobility and firepower, capable of engaging targets at extended ranges with high accuracy and lethality.
   
• Medium artillery is deployed by ground forces for sustained bombardment, counter-battery fire, and suppression of enemy positions during offensive and defensive operations.
   
• Modern medium artillery systems incorporate advanced fire control technologies, automated loading mechanisms, and modular designs to optimize crew efficiency and battlefield survivability. They play critical roles in supporting maneuver warfare, providing sustained fire support, and shaping the operational environment by influencing enemy movements and defenses.
   

North America dominated the global artillery systems market in 2023, accounting for a share of over 35%. North America, particularly the United States, holds a significant share in the global market. The region benefits from robust defense spending, advanced technological capabilities, and a well-established defense industrial base. In the United States, defense procurement programs prioritize the acquisition of cutting-edge artillery systems, including self-propelled howitzers, rocket launchers, and precision-guided munitions. Companies like Lockheed Martin, Raytheon Technologies, and BAE Systems dominate the market with their expertise in developing high-tech military hardware and software solutions.
 

United States is a leading player in the global artillery systems market, driven by its substantial defense budget, technological prowess, and advanced military capabilities. The U.S. Department of Defense (DoD) allocates significant resources to modernize its artillery arsenal, focusing on acquiring state-of-the-art howitzers, rocket systems, and precision-guided munitions. Companies like Lockheed Martin, Raytheon Technologies, and BAE Systems dominate the market, leveraging their expertise in developing sophisticated military hardware and software solutions. The U.S. market emphasizes innovation in digital and autonomous technologies, enhancing precision, range, and battlefield effectiveness. The DoD's procurement strategies prioritize interoperability with allied forces and the integration of network-centric warfare capabilities, driving demand for versatile and technologically advanced artillery systems.
 

Japan's market reflects its strategic focus on enhancing self-defense capabilities and regional security in the Asia-Pacific region. The Japan Ground Self-Defense Force (JGSDF) invests in advanced artillery technologies, including precision-guided munitions and mobile artillery platforms, to counter potential threats and maintain deterrence against regional adversaries. Japanese defense contractors, such as Mitsubishi Heavy Industries and Kawasaki Heavy Industries, play crucial roles in developing indigenous artillery systems tailored to the country's defense needs. Japan emphasizes technological innovation in artillery platforms, integrating autonomous firing solutions, advanced targeting systems, and network-centric warfare capabilities. The market is characterized by stringent regulatory standards, compliance with international arms control agreements, and collaborations with global defense partners to enhance interoperability and defense capabilities.
 

China's artillery systems market is marked by rapid growth, propelled by its expanding defense budget and strategic objectives to enhance military capabilities and influence in the Asia-Pacific region. The People's Liberation Army (PLA) focuses on developing advanced artillery systems, including long-range artillery, rocket artillery, and precision-guided munitions, to strengthen its regional deterrence and power projection capabilities. Chinese defense contractors, such as Norinco and China Aerospace Science and Industry Corporation (CASIC), lead in indigenous defense production, leveraging domestic technological advancements and research capabilities. The market emphasizes innovation in digital and autonomous artillery technologies, integrating artificial intelligence (AI), unmanned systems, and cyber-resilient platforms to enhance operational efficiency and combat readiness.
 

South Korea's artillery systems industry is characterized by technological innovation, strategic partnerships, and a strong emphasis on defense modernization to counter regional threats and maintain military readiness. The Republic of Korea Army (ROKA) invests in developing indigenous artillery capabilities, including self-propelled howitzers, multiple rocket launchers, and advanced fire control systems, to enhance its operational flexibility and combat effectiveness. South Korean defense companies like Hanwha Defense and Hyundai Rotem lead in manufacturing high-tech artillery systems, incorporating advanced technologies such as GPS-guided munitions and integrated battlefield management systems. The market benefits from close collaboration with global defense contractors and technology providers to integrate cutting-edge solutions and enhance interoperability with allied forces.
 

Artillery Systems Market Share

Lockheed Martin Corporation and BAE Systems plc hold a significant market share in the Artillery systems industry. Lockheed Martin Corporation commands a significant market share in the artillery systems sector due to its extensive experience, technological expertise, and diversified product portfolio. As one of the largest defense contractors globally, Lockheed Martin leverages its robust research and development capabilities to innovate and develop cutting-edge artillery systems. The company's artillery offerings include advanced rocket systems, precision-guided munitions, and integrated fire control solutions that enhance accuracy and operational effectiveness on the battlefield. Lockheed Martin's strategic partnerships with government agencies and international defense forces further bolster its market position, facilitating collaborative research, technology transfers, and joint development programs. The company's commitment to innovation, quality, and reliability in defense manufacturing has earned it a reputation for delivering high-performance artillery systems that meet stringent military requirements worldwide.
 

BAE Systems plc is a prominent player in the artillery systems market, renowned for its comprehensive portfolio of defense solutions, strong customer relationships, and technological innovation. The company's artillery systems encompass a wide range of capabilities, including self-propelled howitzers, artillery ammunition, and advanced artillery fire control systems. BAE Systems' competitive edge lies in its deep-rooted expertise in defense electronics, precision engineering, and integrated systems development. The company invests heavily in research and development to enhance the performance, reliability, and interoperability of its artillery platforms, incorporating advanced technologies such as digital battlefield management, autonomous firing solutions, and adaptive optics. BAE Systems' global presence and strategic alliances with defense ministries and industry partners enable it to tailor artillery systems to specific customer requirements and operational environments. The company's commitment to sustainable practices, ethical standards, and regulatory compliance further enhances its market appeal, positioning BAE Systems as a preferred supplier of artillery solutions across diverse defense markets.
 

Artillery Systems Market Companies

Major players operating in the industry are:

• Lockheed Martin Corporation
• BAE Systems plc
• Hanwha Group
• Elbit Systems
• Nexter Group
• RUAG Group
• General Dynamics Corporation                 
   

Artillery Systems Industry News

• In May 2023, Elbit launchers declared that it has been granted a USD 305 million contract to supply the Royal Netherlands Army with Precise & Universal Launching System (PULS) artillery rocket launchers as part of an agreement between the Israeli and Dutch Ministries of Defense.
   
• In November 2023, The Indian Army will increase its firepower by adding 400 towed gun systems and 200 new mounted howitzers. The Indian industry has created capabilities in this field and is now selling these systems to international nations, therefore the Indian Army is modernizing the artillery through the domestic route by utilizing the capabilities of Indian enterprises.
   

The artillery systems market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:

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Market, By Type

• Howitzers
• Mortars
• Rocket Artillery
• Coastal and Naval Artillery
• Anti-air

Market, By Components

• Fire Control System
• Chassis
• Engine
• Turrets
• Auxiliary systems
• Others

Market, By Caliber

• Small (Less than 105 mm)            
• Medium (105 mm to 155 mm)                 
• Heavy (Greater than 155 mm)       

Market, By Range

• Short
• Medium
• Long             

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA