Artillery Systems Industry Expected To Surpass Million By 2030

 

Market Overview:

Artillery Systems industry Size is expected to reach USD 9.17 Billion by 2030, registering a CAGR of 7.22% during 2020-2030

The global Artillery Systems industry has been segmented by type, component, range, and region.

Based on type, the market has been divided into mortars, howitzers, rocket artillery, and others. The howitzers segment is expected to grow at the highest rate during the forecast period due to the increasing adoption of howitzers by armed forces globally. By range, the market has been classified as short, medium, and long. Based on component, the market has been segmented into gun turret, fire control system, ammunition handling system, auxiliary system, and others.

The global Artillery Systems industry has been analysed for five key regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

Key Players:

The key players in the global Artillery Systems industry are

Avibras (Brazil), BAE Systems (UK), China North Industries Corporation (Norinco) (China), Denel SOC Ltd (South Africa), Elbit Systems (Israel), General Dynamics (US), Hanwha Group (South Korea), IMI Systems (Israel), Kmw+Nexter Defense Systems (KNDS) (Netherlands), and Lockheed Martin (US).

Market Segmentation:

The scope of the study segments the Artillery Systems industry by type, component, range, and region.

By Type
Mortars, Howitzers, Rocket Artillery, Others

 

By Component
Gun Turret, Fire Control System, Ammunition Handling System, Auxiliary System, Others

 

By Range
Short Range, Medium Range, Long Range

 

By Region
North America, Europe, Asia-Pacific, Middle East & Africa, Latin America

 

Regional Analysis:

This study provides an overview of the global Artillery Systems industry, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. 

North America held the largest share of the global Artillery Systems industry in 2017 due to a significant increase in defense spending in the US and Canada. Likewise, the ongoing military modernization program in the US is also expected to drive the demand for artillery systems during the review period.

Europe is one of the leading markets for artillery systems owing to rising demand in the UK, France, Russia, and Germany. The growth of the regional market can be attributed to the increasing number of terrorist attacks and border disputes.

The market in Asia-Pacific is projected to register the highest growth rate during the forecast period. The increase in border disputes and rising government spending on equipment are expected to drive market growth in this region. In the Middle East & Africa, the demand for artillery systems is expected to increase due to the rising number of terrorist attacks and high military budgets in Israel and Iran.

Full report @ https://www.marketresearchfuture.com/reports/artillery-systems-market-6787


Related report

Helicopter MRO Market Recent Scope, Growing Popularity, Several Health Benefits and Emerging Trends in the Aircraft Auxiliary Power Unit Market Forecast Trend


Aircraft De-Icing Market Size, Share, Growth, Trends, Competitive Landscape and Regional Forecast by 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions

Contact:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor, New York, New York 10013,

United States of America

+1 646 845 9312

Email: sales@marketresearchfuture.com

 

Comments

Post a Comment

Popular posts from this blog

Helicopter Lighting Industry, Trends Of Market, Statistics and Information Overview By 2027

  Market Overview: The helicopter lighting industry is estimated to register a CAGR of more than 3% during the forecast period by 2027. The main source of lighting for rotary-wing aircraft is the lighting system of the helicopter. It accomplishes two key goals. The internal lighting illuminates the instruments, equipment, and cabins at night while the exterior lighting provides illumination for navigation, signalling, landing, search and rescue, and anti-collision. Additionally, there is a HEELS (helicopter emergency egress lighting system) within the cabin, which facilitates evacuation in an emergency. Most of the external illumination is required for safe operation in helicopters by a number of organisations, including the FAA. Meanwhile, the military helicopter lighting market CAGR is somewhat constrained by reductions in defence spending, particularly in industrialised nations. However, the industry has bright prospects for expansion due to the growing usage of helico...
Read more

Small Arms Industry Research, Trend, Overview Share, Size 2030

  Market overview: Small arms industry Size is estimated to reach USD 8.6 Billion by 2030, registering a CAGR of 4% during 2020-2030. The global small arms industry has been segmented based on type, barrel, operation, end-user, and region. By small arms market share the industry is divided into handguns, shotguns, machine guns, and rifles & others. The handguns segment is further divided into pistols and revolvers. The rifles segment is estimated to account for the largest market share and is projected to witness the highest CAGR during the forecast period owing to the increasing civilian procurement of rifles for hunting and sporting activities. Furthermore, sniper and assault rifles are widely being procured by military and law enforcement agencies, for combat against terrorism, armed violence, and disrupting other criminal activities. Key Players The key players in the global small arms industry are Accuracy International Ltd. (UK), American Outdoor Brands Corpora...
Read more

Aerospace Composites Market Manufactures Data Spotlight, Segmentation And Supply By 2028

  Market Overview : Aerospace composites market manufactures Size is estimated to reach USD 64.51 Billion by 2028, registering a CAGR of 13.77% during 2021-2028 Composite materials hold a huge range of applications being used in numerous contexts. Global aerospace composites manufacturing is mainly powered by the growing aircraft industry. Their characteristic of maintaining their own identity and merging absolutely is one of the prime advantages of composite materials. Upon blending, the materials develop a hybrid enriched with advanced structural characteristics. These characteristics can be handy for development of aerospace segments. Being highly used for frames, interior, etc., make it highly useful from market perspectives. Characteristics of composite materials likeability to endure superior temperature, stress, shock, etc., make international aerospace  composite material market overview   highly established. It is here to note in this context is that aroun...
Read more