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Artillery Systems Market by Type, Component, Caliber, Range, Region - Global Forecast to 2022

Artillery Systems Market: Global Forecast until 2022

  • February 2018
  • 165 pages
  • ID: 5313285
In this report:
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According to Stockholm International Peace Research Institute (SIPRI), China increased its defense budget by ##% in 2017 and India increased its defense budget by ##.##% in the same year.

Summary

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Growing demand for artillery systems from the military industry and ongoing military modernization programs worldwide main factors driving the increase of the artillery system market.

The artillery system market is forecasted to grow from ~$9.8B in 2017 to ~$13.9B by 2022, at a compound annual growth rate of ~7.2 percent during the forecast period. This increase can be accredited to the growing demand for artillery systems from the military market and ongoing military modernization programs global.

Established on range, the medium range segment is anticipated to lead the artillery system market during the outlook period.

Established on range, the artillery system market has been divided into short range, medium range, and long range. The medium range segment is anticipated to lead the artillery system market between 2017 and 2022. Medium range guns have higher accuracy as distinguished to long-range artillery systems and are used form destruction of targets that are in moderate range. These guns have greater accuracy as distinguished to long-range artillery systems and are used for the destruction of targets that are in moderate range.

The artillery system market in the Asia Pacific area is expected to grow at the highest compound annual growth rate (CAGR) during the estimate period.

The Asia Pacific area is estimated to result the artillery system market in 2017. Different countries, including including China, South Korea (KR), India (IN), and Pakistan in the Asia Pacific area have increased their defense budgets and are focused on undergoing military modernization programs. Therefore, rise in the number of military modernization programs is estimated to drive the increase of the artillery systems market in this zone. China (CN) and India (IN) are considered to be main sectors for artillery systems in this area. For example, in 2017, India's two private-sector firms, Tata Power SED and the Kalyani Group received a contract worth $4.50B to jointly co-develop Advanced Towed Artillery Gun System with state-owned Defense Research and Development Organization.

Breakup of the profile of primary members taking part for the artillery system market:

• By Company category - Tier 1 - 35 %, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description - C-suite - 35.0 percent, D-level - 25.0 percent, and Others - 40.0 percent

• By Area - North America continent - 45.0 percent, Europe (EU) - 20.0 percent, Asia Pacific (APAC) - 30.0 percent, and rest of the world - 5.0 percent

Key firms decribed in this business report include include Elbit Systems, BAE Systems, China Ordnance Industries Group Corporation, Hanwha Group, KMW+Nexter Defense Systems KNDS, Denel SOC Ltd, IMI Systems, Lockheed Martin, ST Engineering, RUAG Group, General Dynamics, and Avibras.

Segment Research

This industry report presents a comprehensive overview of the artillery systems market during the outlook period. The artillery systems market has been split on the basis of type (howitzer, mortar, anti-air, rocket, and other), range (short range, medium range, and long range), caliber (small caliber, medium caliber, and heavy caliber), component (Gun turret, engine, fire control systems, ammunition handling system, chassis, and auxiliary systems), and area.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized several levels of analysis - industry, rank review of top actors, and company descriptions, which together comprise and examine the basic overviews on opposing landscape, coming out and high-growth segments of the artillery systems market, high-growth regions as well as countries and their specific regulatory policies, government actions, and sector drivers, market restraints, and alternatives.

The market research offers business insights into these pointers:

• Market Uptake: Exhaustive data on the artillery system market provided by top 12 actors

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the artillery systems market

• Market Development: Highlighted information about profitable emerging sectors - the report analyses sectors for artillery systems across several areas

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the artillery systems market

• opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the artillery systems market

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