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The Global Artillery and Systems Market 2016-2026

  • December 2016
  • -
  • Strategic Defence Intelligence (SDI)
  • -
  • 117 pages

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The Global Artillery and Systems Market 2016-2026

Summary

Modernization initiatives undertaken by various countries are focusing on the upgrade of existing firearms and the induction of new advanced models such as self-propelled howitzer - XM 2001 and advanced Towed Artillery Gun System (ATAGS) are also expected to encourage spending. These artillery systems modernization programs are most likely to be witnessed prominently in emerging economies such as India, China, Brazil, and Russia, which are spending significantly on enhancing the capabilities of their ground forces by inducting state-of-the-art howitzers, rocket launchers and mortars.

Global Artillery and Systems market, valued at US$6.2 billion in 2016, is projected grow at a CAGR of 4.59%, to value US$9.7 billion by 2026. The cumulative market for global expenditure on the sector is valued at US$90.8 billion over the forecast period. The demand for artillery and systems is primarily driven by the anticipated procurement by major defense spending countries that are currently involved in conflicts, and emerging economies involved in territorial disputes and countering insurgencies.

Artillery and Systems market is split into five segments: Turret Systems, Self-Propelled-Artillery Systems, Towed-Artillery Systems, Mortars and Other Artillery Systems. During the forecast period, Turret Systems are expected to account for the largest share of spending, accounting for 34.8% of the overall global market. The demand for turret is driven by the major procurement programs undertaken by major defense spenders across the globe.

The Asia Pacific region is estimated to account for the largest share of the global artillery and systems market, with a cumulative spending of countries forecast to reach US$39.4 billion over the forecast period. The majority of spending in the region is expected to come from countries involved in territorial conflicts and currently countering insurgencies, such as India, China, Australia, and South Korea.In the Middle East, Saudi Arabia, and Israel are expected to be the highest spenders on artillery and systems, with total regional spending amounting to US$6.4 billion over the forecast period. The demand in Africa, with its numerous conflicts is expected to increase during 2016-2026, accounting for 3.5% of the overall market.

The report “The Global Artillery and Systems Market 2016-2026” offers detailed analysis of the global Artillery and Systems market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry and analyzes factors influencing demand for artillery systems. Additionally, the report also highlights challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:
- Overview: Snapshot of the artillery and systems market during 2016–2026, including highlights of the demand drivers, trends and challenges. It also provides a snapshot of the spending with respect to regions as well as segments.
- Market Dynamics: Insights into the technological developments in the artillery and systems market and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants.
- Segment Analysis: Insights into the artillery and systems market from a segmental perspective and a detailed analysis of factors influencing the market for each segment.
- Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region.
- Regional Analysis: Insights into the artillery and systems market from a regional perspective and a detailed analysis of factors influencing the market for each region.
- Trend Analysis – Key Defense Market: Analysis of the key markets in each region, providing an analysis of the artillery and systems segments expected to be in demand in each region.
- Key Program Analysis: Details of the top programs in each segment expected to be executed during the forecast period.
- Competitive Landscape Analysis: Analysis of competitive landscape of the global artillery and systems industry. It provides an overview of key defense companies, together with insights such as key alliances, strategic initiatives and a brief financial analysis.

Companies reviewed in this report: Elbit Systems, Lockheed Martin, BAE Systems, Nexter Systems,China North Industries Corporation (NORINCO), Avibras and Samsung Techwin.

Key Findings

- The global Artillery and Systems market is projected to value US$9.7 billion by 2026.
- The Artillery and Systems market is split into five segments: Turret Systems, Self Propelled-Artillery Systems, Towed-Artillery Systems, Mortars and Other Artillery Systems. The global Artillery and Systems market is expected to be led by the Asia Pacific with a share of more than 40% over the forecast period, followed by North America and Europe.

Synopsis

The demand for artillery and systems is primarily driven by the anticipated procurement by major defense spending countries that are currently involved in conflicts, and emerging economies involved in territorial disputes and countering insurgencies. In addition, the need to maintain a sufficient inventory of second line of fire artillery systems for militaries across the World and the increasing demand for training systems is also anticipated to have a positive impact on demand. Modernization initiatives undertaken by various countries are focusing on the upgrade of existing firearms and the induction of new advanced models such as self-propelled howitzer - XM 2001 and advanced Towed Artillery Gun System (ATAGS) are also expected to encourage spending.

In particular, the report provides an in-depth analysis of the following:
- Market size and drivers: detailed analysis during 2016-2026, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world
- Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of artillery systems segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants
- Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
- Major programs: details of the key programs in each segment, which are expected to be executed during 2016-2026
- Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis

Reasons To Buy

- Determine prospective investment areas based on a detailed trend analysis of the global Artillery and Systems market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different artillery systems segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global artillery and systems market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global artillery and systems market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top artillery systems providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available

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