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Artillery Systems Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The artillery systems market has shown strong growth in recent years. It is projected to expand from $11.46 billion in 2025 to $12.26 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.0%. This historical increase can be attributed to several factors: a rise in military procurement of howitzers, MLRS, and self-propelled artillery to boost land combat capabilities; increasing cross-border tensions driving the need for long-range fire support systems; improvements in artillery fire-control and targeting technologies enhancing system accuracy; consistent expansion of defense budgets facilitating the acquisition of artillery platforms and associated ammunition; and the growth in maintenance and system integration services provided by manufacturers during the warranty period.
The artillery systems market size is projected to experience robust expansion in the coming years. By 2030, it is anticipated to reach $15.9 billion, exhibiting a compound annual growth rate (CAGR) of 6.7%. This projected expansion is primarily driven by factors such as the increasing integration of next-generation artillery systems equipped with automated loading and digital fire-control, a surging need for extended-range precision-guided artillery munitions, growing capital allocation towards mobile and quickly deployable artillery to meet contemporary battlefield demands, expanded acquisition activities by developing nations enhancing their ground combat capabilities, and an anticipated rise in lifecycle service offerings encompassing modernization, training, diagnostics, and predictive maintenance for artillery systems. Key developments during this forecast period include an escalating requirement for long-range precision strike artillery, wider implementation of self-propelled artillery systems, progress in the creation of sophisticated ammunition and payload alternatives, an intensified emphasis on lightweight and transportable mortar systems, and the proliferation of versatile artillery platforms offering high mobility.
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#Artillery Systems Market Demand Drivers Creating New Revenue Opportunities
The escalating threats of armed conflict are anticipated to propel the future growth of the artillery systems market. Armed conflict denotes a state of organized violence between two or more parties, including states, non-state actors, or internal factions, involving the use of armed force to resolve disputes. The increasing complexity and interconnectedness of global challenges, coupled with geopolitical rivalries, regional instabilities, and societal tensions, contribute to the perception that threats of armed conflict are on the rise. Artillery systems are versatile and potent weapons capable of shaping battlefields, supporting ground operations, and influencing the outcome of armed conflicts. For example, in January 2024, the Armed Conflict Location and Event Data Project (ACLED), a US-based non-governmental organization, reported that the number of conflict events increased by 12% in 2023 from 2022. Consequently, the growing threats of armed conflict will drive the artillery systems market.
#Artillery Systems Market Segment Landscape And Growth Potential
The artillery systems market covered in this report is segmented –
1) By Type: Howitzer, Mortar, Anti-Air Artillery, Rocket Artillery, Other Types
2) By Caliber: Small, Medium, Heavy
3) By Range: Short Range (5-30 Kilometer), Medium Range (31-60 Kilometer), Long Range (Above 60 Kilometer)
4) By End User: Aerospace And Defense, Homeland Security
Subsegments:
1) By Howitzer: Towed Howitzers, Self-Propelled Howitzers, Light Howitzers
2) By Mortar: Towed Mortars, Self-Propelled Mortars, Hand-Held Mortars
3) By Anti-Air Artillery: Small Caliber Anti-Aircraft Guns, Medium Caliber Anti-Aircraft Guns, Large Caliber Anti-Aircraft Guns
4) By Rocket Artillery: Multiple Launch Rocket Systems (MLRS), Tactical Rocket Systems, Long-Range Rocket Systems
5) By Other Types: Coastal Artillery, Naval Artillery, Rail Guns
Artillery Systems Market Industry Trends: What Changes Are Reshaping Demand?
Leading companies in the artillery systems market are concentrating on developing technologically advanced offerings, such as automatic truck-mounted howitzers, to bolster mobility, firepower, and operational effectiveness in military contexts. This self-propelled artillery solution integrates a howitzer onto a truck chassis, thereby facilitating mobility and rapid deployment on the battlefield. For instance, in February 2024, China North Industries Group Corporation Limited (Norinco), a China-based entity primarily involved in the manufacturing of defense and military technology, unveiled a new truck-mounted howitzer. This innovative system features a highly automated design, combining a 6×6 truck chassis with an unmanned turret housing a 155mm L/52 howitzer. The latest platform incorporates the familiar 14-ton SH16 unmanned turret onto a 6×6 truck chassis. With a combat weight of 32 tons (equivalent to 70,000 pounds), stability during firing is ensured by an earth spade located at the rear. The system is operated by only two crew members within an armored cab.
Artillery Systems Market Competitive Landscape: Who Are The Leading Companies?
Major companies operating in the artillery systems market are China North Industries Corporation (NORINCO), Raytheon Technologies Corporation, Lockheed Martin Corporation, Hanwha Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems, Thales Group, Leonardo S.p.A., ST Engineering, Singapore Technologies Engineering Ltd, Science Applications International Corporation, Rheinmetall AG, Serco Group plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Saab AB, Bharat Forge Limited, Kongsberg Defence & Aerospace AS, KMW+Nexter Defense Systems N.V., ASELSAN A.Ş., Hyundai Rotem Company, CMI Defence LLC., Cockerill Maintenance & Ingénierie, Nexter Group, Denel SOC Ltd.
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Artillery Systems Market Regional Analysis: Which Region Leads By Revenue?
North America was the largest region in the artillery systems market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artillery systems market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.