2026 Global: Artillery Systems Market-Competitive Review (2032) report
Description
The 2026 Global: Artillery Systems Market-Competitive Review (2031) report features the global market size and projected growth/decline data for the period 2021 through 2032. The report primarily provides an examination of the business strategies for the ten largest global companies in the market and how their strategies differ.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for artillery systems market by geography and historical trend. The scope of the report extends to sizing of the artillery systems market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
Rheinmetall AG is a leading provider of artillery systems and munitions, offering tube artillery, automated ammunition handling and precision-guided shells while expanding production capacity in Europe and globally to meet rising demand. General Dynamics supplies self-propelled howitzers, artillery turrets and ammunition solutions for NATO and allied forces and focuses on modernization programs and strategic acquisitions to strengthen its market position. BAE Systems develops integrated artillery platforms, fire-control systems and precision munitions for land forces worldwide and leverages extensive government contracts and R&D investments to deliver next-generation capabilities. Lockheed Martin contributes precision guidance, artillery sensors and integration services that enhance long-range and networked fires, drawing on its broad defense portfolio and partnerships with allied militaries. Northrop Grumman provides advanced electro-optical sensors, fire-control components and systems integration that improve situational awareness and target acquisition for artillery units.
Hanwha Techwin (Hanwha Group) and NORINCO are major players in the Asia-Pacific artillery market: Hanwha develops modern self-propelled howitzers, ammunition and automated loading systems and has seen substantial export growth driven by regional demand. NORINCO supplies a wide range of tube artillery, rocket systems and associated munitions to domestic and export customers and competes on scale and cost, contributing to the market’s diversification. Elbit Systems offers turreted artillery solutions, precision ammunition, C4ISR integration and artillery modernization packages with strong uptake in Europe, the Americas and emerging markets. Saab and Thales support artillery modernization through targeting systems, command-and-control suites, and munitions technology, emphasizing digital integration and enhanced precision to meet allied interoperability requirements. Nammo and other specialized ammunition manufacturers such as Maxam and MESKO produce a broad portfolio of artillery shells, charges and precision warheads, focusing on increasing production rates and adapting designs for extended range and guided applications to address current supply shortages and shifting battlefield requirements.
Market leaders pursue similar strategic priorities: ramping up production capacity and supply chains to supply Ukraine and other high-demand customers, investing in precision-guided munitions and extended-range artillery, and forming partnerships or acquisitions to broaden offerings and geographic reach. Technology trends shaping these companies’ roadmaps include integration of advanced guidance modules, automated loading and handling systems, digital fire-control and networked C4ISR integration to enable faster target acquisition and more accurate long-range fires. Competitive dynamics reflect concentration among a few dominant Western and Asian firms that together account for a large share of contracts and revenues, while smaller specialized manufacturers and state-owned enterprises expand output to capitalize on elevated defense spending and urgent procurement programs.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for artillery systems market by geography and historical trend. The scope of the report extends to sizing of the artillery systems market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
Rheinmetall AG is a leading provider of artillery systems and munitions, offering tube artillery, automated ammunition handling and precision-guided shells while expanding production capacity in Europe and globally to meet rising demand. General Dynamics supplies self-propelled howitzers, artillery turrets and ammunition solutions for NATO and allied forces and focuses on modernization programs and strategic acquisitions to strengthen its market position. BAE Systems develops integrated artillery platforms, fire-control systems and precision munitions for land forces worldwide and leverages extensive government contracts and R&D investments to deliver next-generation capabilities. Lockheed Martin contributes precision guidance, artillery sensors and integration services that enhance long-range and networked fires, drawing on its broad defense portfolio and partnerships with allied militaries. Northrop Grumman provides advanced electro-optical sensors, fire-control components and systems integration that improve situational awareness and target acquisition for artillery units.
Hanwha Techwin (Hanwha Group) and NORINCO are major players in the Asia-Pacific artillery market: Hanwha develops modern self-propelled howitzers, ammunition and automated loading systems and has seen substantial export growth driven by regional demand. NORINCO supplies a wide range of tube artillery, rocket systems and associated munitions to domestic and export customers and competes on scale and cost, contributing to the market’s diversification. Elbit Systems offers turreted artillery solutions, precision ammunition, C4ISR integration and artillery modernization packages with strong uptake in Europe, the Americas and emerging markets. Saab and Thales support artillery modernization through targeting systems, command-and-control suites, and munitions technology, emphasizing digital integration and enhanced precision to meet allied interoperability requirements. Nammo and other specialized ammunition manufacturers such as Maxam and MESKO produce a broad portfolio of artillery shells, charges and precision warheads, focusing on increasing production rates and adapting designs for extended range and guided applications to address current supply shortages and shifting battlefield requirements.
Market leaders pursue similar strategic priorities: ramping up production capacity and supply chains to supply Ukraine and other high-demand customers, investing in precision-guided munitions and extended-range artillery, and forming partnerships or acquisitions to broaden offerings and geographic reach. Technology trends shaping these companies’ roadmaps include integration of advanced guidance modules, automated loading and handling systems, digital fire-control and networked C4ISR integration to enable faster target acquisition and more accurate long-range fires. Competitive dynamics reflect concentration among a few dominant Western and Asian firms that together account for a large share of contracts and revenues, while smaller specialized manufacturers and state-owned enterprises expand output to capitalize on elevated defense spending and urgent procurement programs.
Table of Contents
32 Pages
- 1.0 Scope of Report and Methodology
- 2.0 Market SWOT Analysis and Players
- 2.1 Market Definition
- 2.2 Market Segments
- 2.3 Market Strengths
- 2.4 Market Weaknesses
- 2.5 Market Threats
- 2.6 Market Opportunities
- 2.7 Major Players
- 3.0 Competitive Analysis
- 3.1 Market Player 1
- 3.2 Market Player 2
- 3.3 Market Player 3
- 3.4 Market Player 4
- 3.5 Market Player 5
- 3.6 Market Player 6
- 3.7 Market Player 7
- 3.8 Market Player 8
- 3.9 Market Player 9
- 3.10 Market Player 10
- 4.0 Comparative Business Strategies
- 4.1 Comparative Business Strategies of Player 1 and 2
- 4.2 Comparative Business Strategies of Player 1 and 3
- 4.3 Comparative Business Strategies of Player 1 and 4
- 4.4 Comparative Business Strategies of Player 2 and 3
- 4.5 Comparative Business Strategies of Player 2 and 4
- 4.6 Comparative Business Strategies of Player 3 and 4
- 5.0 Appendix
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