Artillery Systems Market 2021 Recent Development and Trends, Expected Growth and its Factors, CAGR, Industry Size, Business Prospects and Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Artillery Systems Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Artillery Systems Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Artillery Systems Market is estimated to reach $19.13 billion by 2025; growing at a CAGR of 8.8% from 2017 to 2025. Artillery systems include large military weapons built to fire munitions far beyond the range & power of infantry’s small arms. With improved technology, lighter, more mobile field artillery are developed for battlefield use. The demand for the artillery systems is mainly driven by the expected procurement of key defense spending nations that are presently involved in conflicts, and developing economies involved in territorial disputes as well as countering insurgencies. Additionally, the need to keep a sufficient inventory of second line of fire artillery systems for militaries around the globe and high demand for training systems are likely to have a positive impact on demand of the artillery systems.

Key factors driving the growth of the global artillery systems market include growing demand for artillery systems from the military sector as well as ongoing military upgradation programs across the globe. However, restricted space for ammunition storage may hinder the growth of the artillery systems market. Moreover, growing defense expenditure of developing countries would offer new growth opportunities for players in this market.

The artillery systems market has been categorized on the basis of type, component, range, caliber, and geography. By type, the market is further subsegmental into Mortar (Self-propelled, and Towed), Howitzer (Self-propelled, and Towed), Anti-air (Air Defense Gun, and Counter Rocket, Artillery and Mortar (C-RAM)), Rocket (Multiple Launch Rocket System (MLRS), and Man-portable Air-defense Systems (MANPADS)), and Other Types (Coastal Artillery, and Naval Artillery). Component is further categorized as Fire Control System, Gun Turret, Engine, Ammunition Handling System, Auxiliary Systems, and Chassis. On the basis of range, market is separated into Long Range, Short Range, and Medium Range. Caliber comprises Small Caliber (Mortar, Howitzer, Anti-air, Rocket, and Other Small Calibers), Medium Caliber (Rocket, Howitzer, Mortar, and Other Medium Calibers), and Heavy Caliber (Howitzer and Rocket).

Global artillery systems market, on the basis of geography is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

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The key players operating in the market are BAE Systems, Lockheed Martin Corporation, Elbit Systems Ltd., Nexter Group, General Dynamics Corporation, Avibras, Hanwha Techwin Co, Ltd., NORINCO Group, Denel SOC Ltd., and IMI Systems Ltd., among others.

The key takeaways from the report:
The report will provide detailed analysis of Global Artillery Systems Market with respect to major segments such as type, component, range, and caliber
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Artillery Systems Market has been included in the report

Profile of the key players in the Global Artillery Systems Market will be provided, which include key financials, product & Synthetic Platelets, new developments and business strategies

Scope of the Global Artillery Systems Market:
Type Segments
Air Defense Gun
Counter Rocket, Artillery and Mortar (C-RAM)
Multiple Launch Rocket System (MLRS)
Man-portable Air-defense Systems (MANPADS)
Other Types
Coastal Artillery
Naval Artillery
Component Segments
Fire Control System
Gun Turret
Ammunition Handling System
Auxiliary Systems
Range Segments
Long Range
Short Range
Medium Range
Caliber Segments
Small Caliber
Other Small Calibers
Medium Caliber
Other Medium Calibers
Heavy Caliber

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Geographical Segments
North America
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Middle East

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