DUBLIN--(BUSINESS WIRE)--The "Artillery Systems Market by Type (Howitzer, Mortar, Anti-air, Rocket), Component (Gun Turret, Engine, Fire Control System, Ammunition Handling System, Chassis, Auxiliary System), Caliber (Small, Medium, Heavy), Range, Region- Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Artillery System Market is Expected to Grow from USD 9.83 Billion in 2017 to USD 13.94 Billion by 2022, at a CAGR of 7.23%
Increasing demand for artillery systems from the military sector and ongoing military modernization programs worldwide major factors driving the growth of the artillery system market.
This growth can be attributed to the increasing demand for artillery systems from the military sector and ongoing military modernization programs worldwide.
Based on range, the artillery system market has been segmented into short range, medium range, and long range. The medium range segment is expected to lead the artillery system market from 2017 to 2022. Medium range guns have higher accuracy as compared to long-range artillery systems and are used form destruction of targets that are in moderate range. These guns have greater accuracy as compared to long-range artillery systems and are used for the destruction of targets that are in moderate range.
The Asia Pacific region is estimated to lead the artillery system market in 2017. Various countries, such as such as China, South Korea, India, and Pakistan in the Asia Pacific region have increased their defense budgets and are focused on undergoing military modernization programs.
Thus, increase in the number of military modernization programs is projected to drive the growth of the artillery systems market in this region. China and India are considered to be major markets for artillery systems in this region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Artillery Systems Market, By Type
8 Artillery Systems Market, By Component
9 Artillery Systems Market, By Range
10 Artillery Systems Market, By Caliber
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
- BAE Systems
- China North Industries Corporation (Norinco)
- Denel Soc Ltd
- Elbit Systems
- General Dynamics
- Hanwha Group
- IMI Systems
- Kmw+Nexter Defense Systems (KNDS)
- Lockheed Martin
- Ruag Group
- ST Engineering
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