Factors Driving Demand for Artillery and Systems Market Worldwide Alliances of Artillery and Systems Market Worldwid
The Global Artillery and Systems Market 2016-2026 Research Report is a 117pages report that
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Summary
The Global Artillery and Systems Market 2016-2026 report offers a detailed analysis of the
industry, with market size forecasts covering the next ten years. This report will also analyze
factors that influence demand for artillery equipment and related systems, key market trends,
and challenges faced by industry participants.
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, SelfPropelled-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.
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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 selfpropelled howitzer XM 2001 and advanced Towed Artillery Gun System (ATAGS) are also
expected to encourage spending.
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The Global Artillery and Systems Market 2016-2026