The global Artillery and Systems market, valued at US$6.2 billion in 2016, is projected to grow at a CAGR of 4.59% over 2016-2026, to reach US$9.7 billion by 2026. The market consists of five categories: Turret Systems, Self-Propelled -Artillery Systems, Towed-Artillery Systems, Mortars and Other Artillery Systems.
The market will be dominated by the Turret Systems segment, which is expected to account for 34.8% of the market, followed by Self Propelled-Artillery Systems, Towed-Artillery Systems, Other Artillery Systems and Mortars with shares of 33.6%, 21.8%, 5.5% and 4.3% respectively.
- Modernization initiatives in the form of advanced models by various countries to drive the global artillery and systems market
- Regional conflicts and instability to drive artillery and systems procurement
Need to maintain sufficient inventory for the second line of defense and need for training systems to spur demand in the coming years.
Price: $4,800 (Single User License)
Published: Dec 2016
Publisher: Strategic Defence Intelligence
Report Format: electronic pdf