Artillery System Market worth 13.94 Billion USD by 2022 -Exclusive Report.


Posted March 13, 2019 by Abbyhall

Increasing demand for artillery systems from the military sector and ongoing military modernization programs worldwide are driving the growth of the market for artillery system.

 
According to the new research report "Artillery Systems Market by Type (Howitzer, Mortar, Anti-air, Rocket), Component (Gun Turret, Engine, Fire Control System, Ammunition Handling System, Chassis, Auxiliary System), Caliber (Small, Medium, Heavy), Range, Region - Global Forecast to 2022"

The artillery system market is projected to grow from USD 9.83 Billion in 2017 to USD 13.94 Billion by 2022, at a CAGR of 7.23% from 2017 to 2022. Increasing demand for artillery systems from the military sector and ongoing military modernization programs worldwide are driving the growth of the market for artillery system.

Browse 121 tables and 61 figures spread through 164 pages and in-depth TOC on "Artillery Systems Market - Global Forecast to 2022"

https://www.marketsandmarkets.com/Market-Reports/artillery-system-market-69844596.html
Early buyers will receive 10% customization on reports.

Based on type, the howitzer segment is leading the artillery system market

Based on type, the howitzer segment is leading the artillery system market and is expected to continue its dominance till 2022. Howitzers are widely used for long range bombardment and for supporting ground forces. The demand for towed howitzer as well as self-propelled howitzer is increasing among various regions.

Based on caliber, the medium caliber segment of the artillery system market is expected to grow at a high rate during the forecast period

Based on caliber, the artillery system market has been segmented into small caliber, medium caliber, and heavy caliber. The medium caliber segment leads the artillery system market and is also projected to grow at a high rate during the forecast period. Medium caliber segment consists of artillery systems having caliber in between 105mm to 155mm. This growth can be attributed to the increase in procurement of 155mm artillery guns, 120 mm mortars, and other medium caliber artillery guns.

Download Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=69844596

The market for artillery system in Asia Pacific is projected to grow at the highest rate during the forecast period

The rapid growth of the artillery system market in Asia Pacific can be attributed to the increased defense spending of emerging countries such as India and China in this region. India is upgrading its old artillery systems with indigenously produced towed artillery guns. South Korea is also rapidly expanding its fleet of artillery due to threat from North Korea.

Major players operating in the artillery system market are BAE Systems (UK), Lockheed Martin (US), Elbit System (Israel), General Dynamics (US), NORINCO (China), Hanwha Techwin (South Korea), and others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MnM
Phone 18886006441
Business Address Hadapsar
pune
Country India
Categories Defense
Tags ammunition handling system , artillery system market , auxiliary system , gun turret
Last Updated March 13, 2019