Top Artillery Systems Companies

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.