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Global Artillery and Rockets Market, Forecast to 202

Global Artillery and Rockets Market, Forecast to 2028

The global artillery & rockets market will increase expand considerably over the next ten years driven predominantly by the general strategic uncertainty in some regions and the need to replace ageing fleets with modern artillery and rocket systems. Self-propelled howitzers (SPH), especially 155mm systems like the M109 variants and K9, will constitute a major portion of the revenues. Major advancements in range, lethality and automation are being pursued, which might witness operational realization by 2028-30. Planned and forecast opportunities in the artillery & rockets market will be over $30 billion during the forecast period.

Soviet-era systems like the ubiquitous D-30, M-46 and BM-21 and their Chinese variants are still in service in developing countries, especially those in Africa and Latin America with smaller economies or lower economic growth. Some countries have developed the capability to overhaul, support and even manufacture these older systems and are likely to continue using them. Other countries might seek an overhaul of older systems or procure second-hand platforms or new, cheaper platforms from manufacturers like NORINCO or Yugoimport, rather than pursue expensive acquisition programmes.

The United States is entering a major modernisation phase through the M109A7 programme, the Extended Range Canon Artillery (ERCA) programme and the Long Range Precision Fires (LRPF) programme, complemented by the development of new precision munitions with greater range.

Tensions and conflicts in the Middle East and the nuclear crisis in the Korean Peninsula are militarising the Asia Pacific (APAC) region. The Convention on Cluster Munitions (CCM) can accelerate the acquisition of precision munitions to replace the existing controversial cluster munitions, thereby driving platform modernization and procurement. Russia’s aggressive ground posturing, airspace denial measures and positioning of long-range Iskander-M missiles are some of the primary drivers for artillery and rocket procurement and modernisation programmes in Europe. NATO defence expenditure targets will push up military spending among member states and allies. Meanwhile, in the Asian theatre, growing Chinese military power projection capability will continue to push countries like India, Taiwan, Japan, Vietnam, Singapore and a few South East Asian nations to improve their indirect fire capability. India will continue to be a big market during and beyond the forecast period.

Artillery and rocket inventories in many countries like India, Taiwan and Pakistan are fast reaching obsolescence and replacements have to be procured to preserve their direct and indirect fire capabilities.

New long-range artillery programmes like the ERCA in the United States, the Common Indirect Fires System (CIFS) in Europe and the 2S35 Koalitsiya-SV in Russia aim to replace or upgrade existing platforms. These, along with new assisted and hypervelocity ammunition, offer enhanced engagement ranges. Long-range rockets are the preferred solutions for long-range counter-battery fire. The lower launch shock and longer flight times for course correction make them ideal precision munitions delivery systems for countries. Competitors like Yugoimport, TATA SED, L&T and Khan Research Laboratories are offering new solutions to the existing competitors like NPO Slav, Lockheed Martin, NORINCO and Avibras. More militaries, including those of smaller countries, are opting for motorised infantry units. Increasingly, these units are organically equipped with self-propelled, crew-served mortars and light artillery. These trends might drive growth in the 81mm/120mm mortars/SP mortars and the 105/122mm howitzer segment. Increasing digitisation of new and existing platforms is being observed. Digitisation intends to reduce human-in-the-loop time thereby employ shoot-and-scoot tactics to reduce exposure to counter-battery fire. The lower response time and higher rate of fire also allow better distribution of artillery platforms over a wider area than traditional battery grouping, making them less susceptible to detection by unmanned aerial systems (UAS).

Key Issues Addressed
What are the geopolitical, operational and technological trends that will drive artillery and rockets requirements globally?
Which are the major committed, planned and forecast artillery and rocket programmes and opportunities in the global market over the next 10 years?
What is the industrial and competitive environment in the key regions and countries?
What are the regional procurement and modernisation patterns and trends?


  • Executive Summary
    • Key Findings
    • Market Engineering Measurements
    • CEO's Perspective
  • Market Overview
    • Scope Summary
    • Market Definitions—Segments
    • Market Definitions—Others
    • Key Questions Addressed by this Report
    • Market Segmentation, 2018
  • Drivers and Restraints
    • Market Drivers
    • Drivers Explained—Geopolitical Instability
    • Drivers Explained—Platform Obsolescence
      • Table Artillery and Rockets Market: Average Age of Platforms, Global, 2018
    • Drivers Explained—Evolution of Newer Threats and Operational Concepts
    • Drivers Explained—Technological Advancements
    • Market Restraints
    • Restraints Explained
  • Total Artillery and Rockets Market Analysis
    • Market Engineering Measurements
      • Table Total Artillery and Rockets Market: Market Engineering Measurements, Global, 2018
    • Forecast Assumptions
    • Global Artillery and Rockets Inventory—2018
      • Table Total Artillery and Rockets Market: Percent Share of Active Fleet by Segment, Global, 2018
    • Global Market—Revenue Forecast
      • Table Total Artillery and Rockets Market: Revenue Forecast, Global, 2018–2028
    • Forecast Discussion
    • Global Market—Revenue Forecast by Segment
      • Table Total Artillery and Rockets Market: Revenue Forecast by Segment, Global, 2018–2028
    • Revenue Forecast by Segment Discussion
    • Global Market—Percent Revenue Forecast by Region
      • Table Total Artillery and Rockets Market: Percent Revenue Forecast by Region, Global, 2018–2028
    • Global Market—Revenue Forecast by Region
      • Table Total Artillery and Rockets Market: Revenue Forecast by Region, Global, 2018–2028
    • Revenue Forecast by Region—Discussion
  • Market Share and Competitive Analysis—Total Artillery and Rockets Market
    • Market Share—2018
    • Competitive Environment
    • Total Market Share Evolution, 2018–2028
    • Market Share Analysis
      • Table Total Artillery and Rockets Market: OEM Market Share, Global, 2018–2028
    • Artillery and Rockets—Platforms and Munitions Evolution
  • Growth Opportunities and Companies to Action
    • Growth Opportunity 1—Long-Range Ordnance and Hypervelocity Munitions
    • Growth Opportunity 2—Compressing the Sensor to "Shoot and Scoot" Loop
    • Growth Opportunity 3—Lowering Procurement and Ownership Costs
    • Growth Opportunity 4—Industrial Cooperation and Offsets
    • Strategic Imperatives for Success and Growth
  • Towed Howitzer Segment Analysis
    • Towed Howitzer Segment—Evolving Operational Roles and Trends
    • Towed Howitzer Segment—Popular Operational/Upcoming Solutions
    • Towed Howitzer Segment—Market Engineering Measurements
      • Table Towed Howitzer Segment: Market Engineering Measurements, Global, 2018
    • Towed Howitzer Segment—Revenue Forecast
      • Table Towed Howitzer Segment: Revenue Forecast, Global, 2018–2028
  • Truck-Mounted Howitzer Segment Analysis
    • Truck-Mounted Howitzer Segment—Evolving Operational Roles and Trends
    • Truck-Mounted Howitzer Segment—Popular Operational/Upcoming Solutions
    • Truck-Mounted Howitzer Segment—Market Engineering Measurements
      • Table Truck-Mounted Howitzer Segment: Market Engineering Measurements, Global, 2018
    • Truck-Mounted Howitzers Segment—Revenue Forecast
      • Table Truck-Mounted Howitzer Segment: Revenue Forecast, Global, 2018–2028
  • SP Howitzer Segment Analysis
    • SP Howitzer Segment—Evolving Operational Roles and Trends
    • SP Howitzer Segment—Popular Operational/Upcoming Solutions
    • SP Howitzer Segment—Market Engineering Measurements
      • Table SP Howitzer Segment: Market Engineering Measurements, Global, 2018
    • SP Howitzer Segment—Revenue Forecast
      • Table SP Howitzer Segment: Revenue Forecast, Global, 2018–2028
  • Multiple Rocket Launcher Segment Analysis
    • Multiple Rocket Launcher Segment—Evolving Operational Roles and Trends
    • Multiple Rocket Launcher Segment—Popular Operational/Upcoming Solutions
    • Multiple Rocket Launcher Segment—Market Engineering Measurements
      • Table Multiple Rocket Launcher Segment: Market Engineering Measurements, Global, 2018
    • Multiple Rocket Launcher Segment—Revenue Forecast
      • Table Multiple Rocket Launcher Segment: Revenue Forecast, Global, 2018–2028
  • Mortar Segment Analysis
    • Mortar Segment—Evolving Operational Roles and Trends
    • Mortar Segment—Popular Operational/Upcoming Solutions
    • Mortar Segment—Market Engineering Measurements
      • Table Mortar Segment: Market Engineering Measurements, Global, 2018
    • Mortar Segment—Revenue Forecast
      • Table Mortar Segment: Revenue Forecast, Global, 2018–2028
  • SP Mortar-Muzzle Loaded Segment Analysis
    • SP Mortar-Muzzle Loaded Segment—Evolving Operational Roles and Trends
    • SP Mortar-Muzzle Loaded Segment—Popular Operational/Upcoming Solutions
    • SP Mortar-Muzzle Loaded Segment—Market Engineering Measurements
      • Table SP Mortar-Muzzle Loaded Segment: Market Engineering Measurements, Global, 2018
    • SP Mortar-Muzzle Loaded Segment—Revenue Forecast
      • Table SP Mortar-Muzzle Loaded Segment: Revenue Forecast, Global, 2018–2028
  • SP Mortar-Breech Loaded Segment Analysis
    • SP Mortar-Breech Loaded Segment—Evolving Operational Roles and Trends
    • SP Mortar-Breech Loaded Segment—Popular Operational/Upcoming Solutions
    • SP Mortar-Breech Loaded Segment—Market Engineering Measurements
      • Table SP Mortar-Breech Loaded Segment: Market Engineering Measurements, Global, 2018
    • SP Mortar-Breech Loaded Segment—Revenue Forecast
      • Table SP Mortar-Breech Loaded Segment: Revenue Forecast, Global, 2018–2028
  • Country Profiles and Acquisition Programmes
    • Regional Grouping of Countries
  • Africa
    • Africa—Introduction
    • Africa—Key Findings
    • Africa—Revenue Forecast by Segment
      • Table Artillery and Rockets Market: Revenue Forecast by Segment, Africa, 2018–2028
    • Artillery and Rocket Programmes—Africa, 2018–2028
  • Asia-Pacific
    • Asia-Pacific—Introduction
    • Asia-Pacific—Key Findings
    • Asia-Pacific—Revenue Forecast by Segment
      • Table Artillery and Rockets Market: Revenue Forecast by Segment, APAC, 2018–2028
    • Artillery and Rocket Programmes—APAC, 2018–2028
  • Central and South America
    • Central and South America—Introduction
    • Central and South America—Key Findings
    • Central and South America—Revenue Forecast by Segment
      • Table Artillery and Rockets Market: Revenue Forecast by Segment, Central and South America, 2018–2028
    • Artillery and Rocket Programmes—South America, 2018–2028
  • Central and South Asia
    • Central and South Asia—Introduction
    • Central and South Asia—Key Findings
    • Central and South Asia—Revenue Forecast by Segment
      • Table Artillery and Rockets Market: Revenue Forecast by Segment, Central and South Asia, 2018–2028
    • Artillery and Rocket Programmes—Central and South Asia, 2018–2028
  • Europe
    • Europe—Introduction
    • Europe—Key Findings
    • Europe—Revenue Forecast by Segment
      • Table Artillery and Rockets Market: Revenue Forecast by Segment, Europe, 2018–2028
    • Artillery and Rocket Programmes—Europe, 2018–2028
  • Middle East
    • Middle East—Introduction
    • Middle East—Key Findings
    • Middle East—Revenue Forecast by Segment
      • Table Artillery and Rockets Market: Revenue Forecast by Segment, Middle East, 2018–2028
    • Artillery and Rocket Programmes—Middle East, 2018–2028
  • North America
    • North America—Introduction
    • North America—Key Findings
    • North America—Revenue Forecast by Segment
      • Table Artillery and Rockets Market: Revenue Forecast by Segment, North America, 2018–2028
    • Artillery and Rocket Programmes—North America, 2018–2028
  • The Last Word
  • Appendix
    • Market Engineering Methodology
    • List of Acronyms

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