Artillery Market and Systems Worth $5.2 Billion by 2025

Nov 10, 2015, 03:00 ET from ReportsnReports

PUNE, India, November 10, 2015 /PRNewswire/ --

The Global Artillery and Systems Market 2015-2025 research report says spending will increase at 3.64% CAGR due to the procurement anticipated by major defense spending countries that are currently involved in conflicts, and emerging economies involved in territorial disputes and countering insurgencies.

Complete report on artillery market and systems spread across 131 pages, talking about 7 major companies and supported with 35 tables and 68 figures is now available at .

The need to maintain a sufficient inventory of second line of fire artillery systems for militaries worldwide and the increasing demand for training systems is also anticipated to have a positive impact on artillery market demand. Furthermore, modernization initiatives are focusing on the upgrade of existing firearms and the induction of new advanced models are also expected to encourage spending.    The global artilleries and systems market is expected to be worth US$3.6 billion in 2015 and is expected increase to US$5.2 billion by 2025. The Asia Pacific region is estimated to account for the largest share of 56% in the global artillery and systems market, with the region accounting for a cumulative spending of US$30.2 billion over the forecast period. The region will be followed by North America and Europe, with respective spending of US$9.9 billion and US$8.9 billion during 2015-2025. In terms of segments, self-propelled artillery, towed artillery and other artillery systems are expected to be the top three segments in the global artillery systems market over the forecast period: the self-propelled artillery segment is expected to account for 51% of the total market, the towed artillery segment is estimated to comprise 35%, the other artillery systems segment will represent 8% and the mortar systems segment is estimated to account for 6% of the market.

The Global Artilleries and Systems Market 2015-2025 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 systems, key market trends, and challenges faced by industry participants. The research helps determine prospective investment areas based on a detailed trend analysis of the global artilleries and systems market over the next ten years. Gain in-depth understanding about the underlying factors driving demand for different artillery system segments in the top spending countries across the world and identify the opportunities offered by each of them. Identify the major channels that are driving the global market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion.

Companies like Elbit Systems, Lockheed Martin, BAE Systems, Nexter Systems, NORINCO, Avibras and Samsung Techwin are mentioned in this global artillery market and systems report available for purchase at .

This research on artillery market and systems provide deep analysis of market size and drivers, recent developments and industry challenges, SWOT analysis, Regional highlights, Major programs as well as competitive landscape and strategic insights.

Another similar report titled Ammunition Market by Ammunition Type (Small Caliber, Medium Caliber, Large Caliber, Artillery, Mortar), Application (Defense, Civil), & Region (North America, Europe, Asia-Pacific, Middle East, Latin America, Africa) - Global Forecasts to 2020 says ammunition market is expected to grow from an estimated USD 6.97 billion in 2015 to USD 7.78 billion by 2020, at a CAGR of 1.93% from 2015 to 2020. The Asia-Pacific region dominates the global ammunition market, primarily owing to the military modernization programs across the major economies of the region driven by their increasing military budgets. China, India, and South Korea are the key nations impacting the dynamics of the Asia-Pacific market for ammunition. The market in Africa is projected to grow at the highest CAGR during the forecast period. This rapid growth can be attributed to the increased procurement of small and medium caliber ammunition by defense and law enforcement agencies of the region for enhanced border security and counter-terrorist operations. The major companies profiled in the report include Orbital ATK (U.S.), General Dynamics (U.S.), Poongsan Corporation (South Korea), BAE Systems (U.K.), Nammo AS (Norway), Maxam (Australia), Olin Corporation (U.S.), and RUAG Ammotec (Germany), among others. Read more at .

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