Global Artillery System Market is expected to grow at a significant CAGR in the period from 2021 to 2027. Emerging countries’ rising military spending is allowing them to invest in the development of new and modern artillery systems. The launch of weapon modernization programmes aimed at developing sophisticated artillery is expected to boost the adoption of newer generation artillery and, as a result, the market’s prospects in the coming years.
The changing character of warfare, as well as the increasing desire for high-precision guns and ammunition to support friendly soldiers while avoiding collateral damage, has boosted demand for artillery systems. Various governments are investing in advanced weapon systems in order to gain combat dominance. In 2019, BAE Systems (a British aerospace and defence corporation located in Farnborough, UK) unveiled a new truck-mounted variant of the ARCHER mobile howitzer (a self-propelled artillery cannon) (a short barrel artillery system).
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A full report of Global Artillery System Market is available at: https://www.orionmarketreports.com/artillery-system-market/43581/
The following Segmentation are covered in this report:
By Type
- Howitzer
- Mortar
- Anti-air
- Rocket
- Others
By Component
- Gun Turret
- Engine
- Fire Control System
- Ammunition Handling System
- Chassis
- Auxiliary Systems
By Range
- Short Range
- Medium Range
- Long Range
By Caliber
- Small Caliber
- Medium Caliber
- Heavy Caliber
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Artillery System
- The market share of the global Artillery System Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Artillery System
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Artillery System
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
