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Artillery Systems Market Trends

  • Report ID: GMI10714
  • Published Date: Aug 2024
  • Report Format: PDF

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.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for artillery systems was valued at USD 12.13 billion in 2023 and is expected to record a CAGR of over 8% between 2024 and 2032, backed by the increased defense collaboration among countries and defense contractors.

The anti-air segment of artillery systems market is expected to register a CAGR of over 10% through 2032, owing to their role in protecting ground forces, key installations, and civilian populations from aerial attacks.

North America market accounted for a revenue share of over 35% in 2023, backed by robust defense spending, advanced technological capabilities, and a well-established defense industrial base.

Lockheed Martin Corporation, BAE Systems plc, Hanwha Group, Elbit Systems, Nexter Group, RUAG Group, and General Dynamics Corporation.

Artillery Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 218
  • Countries covered: 19
  • Pages: 210
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