DUBLIN--(BUSINESS WIRE)--The "Artillery Systems - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Artillery Systems market is accounted for $9.23 billion in 2017 and is expected to reach $19.89 billion by 2026 growing at a CAGR of 8.9%.
Increasing demand for artillery systems from the military sector and modernization initiatives in the form of advanced models by various countries are some of the key factors influencing the market growth. However, factors such as limited space for ammunition storage and high cost of self-propelled artillery are restraining the market growth.
Amongst range, the medium caliber segment is expected to lead the market due to rising demand for medium caliber artillery systems, such as howitzers, mortars, MLRS and other systems. Medium caliber segment consists of artillery systems having caliber in between 105mm to 155mm. This growth can be attributed to the increase in procurement of 155mm artillery guns, 120 mm mortars, and other medium caliber artillery guns. Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The upgrade of warfare platforms by military forces of different countries in this Asia Pacific region is likely to impel the growth of the market in this region. China, India, and South Korea are major countries investing in the procurement of artillery systems and related technologies.
- ST Engineering
- RUAG Group
- Lockheed Martin
- KMW+Nexter Defense Systems
- IMI Systems
- Hanwha Group
- General Dynamics
- ELBIT Systems
- Denel SOC LTD
China North Industries Corporation
- BAE Systems
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Artillery Systems Market, By Caliber
6 Global Artillery Systems Market, By Component
7 Global Artillery Systems Market, By Type
8 Global Artillery Systems Market, By Range
9 Global Artillery Systems Market, By Geography
10 Key Developments
11 Company Profiling
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