USD 11.24 billion
Report ID:
SQMIG20A2308 |
Region:
Global |
Published Date: March, 2025
Pages:
194
|Tables:
94
|Figures:
71
Global Artillery Systems Market size was valued at USD 11.24 billion in 2023 and is poised to grow from USD 12.0 billion in 2024 to USD 20.32 billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
Several of the principal drivers, including increasing defense spending worldwide, military modernization programs, and increased geopolitical tensions, drive the global artillery systems market growth. In addition, the rising threats from asymmetrical warfare and requirements for improved capabilities in counter-artillery are pressurizing governments to invest in advanced artillery technologies. Moreover, regional wars, military exercises, and increased prominence of new artillery are accelerating the market growth.
Governments are spending money on the modernization of their artillery system to enhance mobility, range, and accuracy, leading to increased demand for such advanced systems as rocket launchers, howitzers, and self-propelled artillery. BAE Systems plc was awarded a USD 579.3 million contract by the U.S. Army in July 2024 to produce additional self-propelled howitzers. The company will produce the M992A3 ammunition carrier vehicles and M109A7 Paladin self-propelled howitzers under this contract. This contract confirms the company's position as one of the major providers of artillery systems to the U.S. military.
Furthermore, the market growth is driven by rising emphasis on network-centric warfare and long-range precision strike capabilities that are driving technology development, such as precision-guided munitions, automated fire control systems, and mobility solutions. Improved fire control systems, including better sensors, computers, and communications, have enabled artillery units to shoot targets faster and more precisely. The addition of automation and robotics to artillery systems makes it more efficient, reduces human errors, and raises safety levels.
The growth of the market will happen in the coming years as artillery systems become more integrated with command-and-control centers and intelligence platforms to have improved situational awareness and operational effectiveness. The artillery units also can be supplied with real-time intelligence and target information to help, further enhancing their response to threats and, along with that, effective decision-making. By integrating artillery systems with intelligence platforms, units are supplied with credible target coordinates and adjust their fire accordingly. All these factors are expected to drive market growth in the next few years.
Key Market Attributes
The U.S. Department of Defense (DoD) and intelligence organizations are the primary customers of Northrop Grumman, which deals with a comprehensive range of products, services, and solutions for domestic and overseas customers. With technological advancement in various fields, Northrop Grumman is a dominant player in aerospace, defense, and space. The major operational segments are defense systems, space systems, mission systems, and aeronautics systems. Northrop Grumman focuses mainly on national security, autonomous systems, and cyber solutions. It is well known for its achievements in space exploration, missile defense, and stealth. To maintain defense dominance, the company continues developing competencies via collaboration, innovation, and modern manufacturing techniques.
A global industrial player, Leonardo S.p.A. provides innovative technical solutions in security, military, and aerospace. As a key technology partner to governments, defense organizations, companies, and institutions, the company is central to international defense programs. Its main business areas are helicopters, aircraft, aerostructures, defense electronics & security, and space. Leonardo is a global leader in avionics, cyber defense, and next generation defense systems. It is deeply committed to digitalization and innovation and is well-represented in European and NATO defense organizations. With international partners, it works to maintain military strength and ensure mission preparedness in difficult security situations.
KNDS France is a top pan-European defense group, particularly focusing on land defense systems. It owns the complete life cycle of systems-from conceptualization, manufacturing, and maintenance to upgrades. The company is a stakeholder in major defense programs on the European and international markets, developing advanced defense systems, guns, and armored vehicles. KNDS France is future tech with respect to artificial intelligent defense systems and technology adapted by the future battlefield. For modernizing the military and ensuring co-operability, it is a must in all cases for the purpose of defense co-operation within Europe. It continues to strengthen with its production and engineering the world's armed forces capabilities.
Market snapshot - 2025-2032
Global Market Size
USD 11.24 billion
Largest Segment
Medium
Fastest Growth
Long
Growth Rate
6.8% CAGR
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Global Artillery Systems Market is segmented by Type, Subsystem, Range and region. Based on Type, the market is segmented into Howitzers, Mortars, Rocket Launchers, Anti-air weapons and Artillery. Based on Subsystem, the market is segmented into Turrets, Engines, Fire Control Systems, Ammunition Handeling Systems, Chassis and Auxiliary Systems. Based on Range, the market is segmented into Short-range, Medium-range and Long-range. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis By Range
As per the 2024 global artillery systems market analysis, the medium segment accounted for the highest revenue share in the market. Growing demands for precision-guided ammunition and range capability have enhanced the appeal of medium-range artillery systems across the military force. Moreover, the versatility of medium-range systems to be utilized for direct and indirect fire support has made them all the more in vogue. Besides, the presence of a range of medium-range artillery systems, both towed and self-propelled, has given military forces more flexibility and versatility. These aspects highlight the supremacy of the medium range segment in the market.
The long segment is expected to have a significant CAGR during the forecast period. The long-range segment in the market is experiencing high growth because of numerous factors. The expanding ranges of artillery equipment, due to advancements in the technologies of propulsion and guidance, have expanded their operating range. Long-range artillery equipment demand has grown with the need for the accuracy of targets beyond normal ranges of conventional artillery. In addition, the creation of sophisticated counter-battery radars and fire control systems has further increased the effectiveness of long-range artillery, increased their demand and opening profitable opportunities for the segment.
Analysis By Type
Based on the 2024 global artillery systems market forecast, the howitzer category registered the highest revenue contribution of more than 42.5%. The growing needs for accurate artillery support and the advancements in technologies such as increased range, accuracy, and mobility have fueled demands for howitzers in military forces. The segment is also growing due to counter insurgency and irregular warfare operations considerations, where howitzers might offer viable fire in complex environments. Besides this, development of towed, tracked, and wheeled howitzers has greatly increased operational environments on which one can employ howitzers, thereby boosting growth of this segment.
The anti-air weapons segment is estimated to boom with a uniform CAGR of 8.0% between 2025 to 2032, led by the growing necessity for sophisticated air defense weapons capable of addressing novel aerial threats such as drones, helicopters, and guided weapons. With the introduction of unmanned aerial vehicles (UAVs) and heightened exposure to aerial attack, the armies globally are relying more on anti-aircraft artillery systems with high-response speed, precision targeting, and longer ranges. Furthermore, adding radar and computerized fire control systems to the weapons has raised their effectiveness, making them indispensable components of aerial defense and having a tendency to promote segmental growth.
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The North American artillery systems industry was the largest contributor, contributing approximately 40% in the total revenue share, in 2024 because of rising defense budgets, military modernization, and heightened geopolitical tensions. The U.S. Department of Defense is heavily investing in the modernization of its artillery systems, with a focus on long-range precision-strike capabilities and greater mobility of the ground forces. In addition, the application of sophisticated technologies, such as automation, precision-guided missiles, and next-generation fire control systems, is fueling market expansion. Rising national security, homeland defense, and international threat issues are also motivating further investments. The presence of principal defense contractors in the region is also propelling market growth.
The U.S. artillery systems market will witness monumental growth in the coming future with the rising demands for advanced artillery systems to combat terrorism, border security, and public safety initiatives. The U.S. government is active in spending heavily on artillery modernization programs based on firepower, range, and mobility. Moreover, numerous domestic manufacturers are engaged in R&D of new artilleries technologies, including AI-driven targeting systems and autonomous weapon systems. The ongoing emphasis of the U.S. military on developing its capacity to address new global security threats will further drive the market.
The Asia Pacific artillery systems market will register the highest growth rate of 7.8% between 2025 to 2032, influenced by increasing defense expenditure and the increased need to augment military capabilities. Border conflicts, territorial disputes, and security issues in the region are propelling demand for advanced artillery systems to support the combat capabilities of the military. Additionally, the high rate of urbanization and industrialization in the region turns an important eye towards protecting vital infrastructures and population areas. Countries such as China, India, and South Korea are a few among many other countries spending heavily on cutting-edge artillery technology that integrates smart targeting, automation, and electronic battlefield technology.
The European market is projected to hold a high revenue market share, driven by heightened geopolitical tensions and the requirement to increase military capabilities that have been the drivers of increased spending on artillery systems. Additionally, the innovation of sophisticated artillery technologies, including precision-guided weapons and unmanned aerial vehicles (UAVs), has increased the effectiveness and range of artillery systems. Additionally, the increasing emphasis on border security and counter-terrorism activities in the region has generated a need for sophisticated artillery solutions to prevent possible threats. These are the drivers of the regional market growth.
Latin America is anticipated to lead the artillery systems market growth with increased government initiatives to upgrade armed forces and enhance national security. Rising geopolitics tension, border conflicts, and internal security concerns are persuading regional administrations to invest in advanced gun technology. Brazil, Mexico, and Colombia have moved ahead by investing in defense enhancements by acquiring future-generation equipment and retrofitting current army machinery. Furthermore, cooperation between Latin American governments and global defense producers is fueling innovation and technological advancements in the region. The growing defense sector and increasing strategic alliances are expected to drive market growth.
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Drivers
Increasing Spending on Defense
Escalating Border Disputes and Geopolitical Strains
Restraints
Excessive Development and Maintenance Costs
Export Controls and Robust Defense Regulations
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Major players in the highly competitive global artillery systems industry focus on innovation, partnerships, and defense contracts. Some are Northrop Grumman, BAE Systems, Leonardo S.p.A., Rheinmetall AG, KNDS France, and Lockheed Martin. They are investing in advanced technologies such as automation, artificial intelligence, and precision-guided munitions; regional players and next-generation defense contractors also impart pressure on the market. Defense budget and government policies directly impact the competition, which induces continuous R&D and technology advancement.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, with rising defense expenditures, geopolitics conflicts, and the need for sophisticated military systems, the global artillery systems market outlook is predicted to change slowly. Upgrading artillery, with technology as automation, the integration of artificial intelligence, and intelligent projectiles. Increased spending on light-weight technology offers promising scope even though impediments like prohibitively expensive and tough restrictions prevail. North America monopolizes the market, with Asia Pacific predicted to progress with the greatest proportion. Top operators are focusing on innovation, alongside strategic collaborations to continue playing if Asia Pacific develops its market aggressively as expected. The market will continue to be spurred by demand for next-generation artillery systems as threats to global security increase and evolve.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 11.24 billion |
Market size value in 2032 | USD 20.32 billion |
Growth Rate | 6.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Artillery Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Artillery Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Global Artillery Systems Market size was valued at USD 10.24 Billion in 2023 and is poised to grow from USD 10.94 Billion in 2024 to USD 18.51 Billion by 2032, growing at a CAGR of 6.8% in the forecast period (2025-2032).
Major players in the highly competitive global artillery systems industry focus on innovation, partnerships, and defense contracts. Some are Northrop Grumman, BAE Systems, Leonardo S.p.A., Rheinmetall AG, KNDS France, and Lockheed Martin. They are investing in advanced technologies such as automation, artificial intelligence, and precision-guided munitions; regional players and next-generation defense contractors also impart pressure on the market. Defense budget and government policies directly impact the competition, which induces continuous R&D and technology advancement. 'Northrop Grumman Corporation (U.S.)', 'BAE Systems plc (U.K.)', 'Leonardo S.p.A. (Italy)', 'Rheinmetall AG (Germany)', 'KNDS (Krauss-Maffei Wegmann & Nexter Systems) (France/Germany)', 'Lockheed Martin Corporation (U.S.)', 'General Dynamics Corporation (U.S.)', 'Elbit Systems Ltd. (Israel)', 'Hanwha Aerospace (South Korea)', 'Thales Group (France)', 'Bharat Forge Ltd. (India)', 'Tata Advanced Systems (India)', 'Norinco Group (China North Industries Corporation) (China)', 'Saab AB (Sweden)', 'ST Engineering (Singapore)'
To enhance national security, modernize armed forces, and reduce geopolitical tensions, governments across the globe are increasing defense expenditures. To maintain their military superiority, countries like the United States, China, and India are investing heavily in advanced artillery weapons. Higher expenditure stimulates the development and procurement of advanced artillery technologies, including automated fire control systems and precision-guided munitions, which drives market growth across several geographies.
Merging Automation and AI in Artillery Systems: Modern artillery platforms are being changed through automation and artificial intelligence (AI) to become more accurate, quicker, and effective at fighting wars. AI-based targeting systems, automated fire control, and autonomous artillery systems are driving operational effectiveness with lesser human involvement. This was further researched in the context of network-centric warfare, where real-time processing and AI-enabled decisions come into effect in modern military operations.
The North American artillery systems industry was the largest contributor, contributing approximately 40% in the total revenue share, in 2024 because of rising defense budgets, military modernization, and heightened geopolitical tensions. The U.S. Department of Defense is heavily investing in the modernization of its artillery systems, with a focus on long-range precision-strike capabilities and greater mobility of the ground forces. In addition, the application of sophisticated technologies, such as automation, precision-guided missiles, and next-generation fire control systems, is fueling market expansion. Rising national security, homeland defense, and international threat issues are also motivating further investments. The presence of principal defense contractors in the region is also propelling market growth.
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