FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 6346
Companies: 43 – Players covered include Avibras Industria Aeroespacial S/A; BAE Systems PLC; China North Industries Corporation (NORINCO); Denel SOC Ltd.; Elbit Systems Ltd.; General Dynamics Corporation; Hanwha Group; Imi Systems Ltd.; Kmw+Nexter Defense Systems (Knds); Lockheed Martin Corporation; RUAG Holding AG; Singapore Technologies Engineering Ltd. (ST Engineering) and Others.
Coverage: All major geographies and key segments
Segments: Caliber (Small, Medium, Heavy); Type (Howitzer, Mortar, Anti-air, Rocket, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Artillery Systems Market to Reach $18.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Artillery Systems estimated at US$11.2 Billion in the year 2020, is projected to reach a revised size of US$18.9 Billion by 2026, growing at a CAGR of 8.9% over the analysis period. Howitzer, one of the segments analyzed in the report, is projected to record a 10% CAGR and reach US$5.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mortar segment is readjusted to a revised 9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.3 Billion in 2021, While China is Forecast to Reach $4.3 Billion by 2026
The Artillery Systems market in the U.S. is estimated at US$3.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2026 trailing a CAGR of 13.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 7.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.
Anti-air Segment to Reach US$3.3 Billion by the year 2026
In the global Anti-air segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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