Europe Artillery Systems Market

The Europe artillery systems market was valued at US$ 3,063.21 million in 2023 and is expected to reach US$ 4,856.12 million by 2031; it is estimated to register a CAGR of 5.9% from 2023 to 2031.

Increasing Number of Contracts for Supply of Artillery Systems Drives Europe Artillery Systems Market

Manufacturers operating in the artillery systems market strongly focus on collaborating with different governments and armed forces to comprehend their respective demands and offer them suitable solutions. The military forces of various countries are providing numerous contracts to artillery systems manufacturers to procure several communication, surveillance, and navigation systems. Moreover, the defense forces of different nations are investing substantially in procuring artillery systems such as rocket artillery, mortars, and howitzers. Artillery systems are reliable for taking down short, medium, and long-range targets. They enable armed forces to facilitate enhanced remote firing on ground or naval platforms.

The majority of the countries' armed forces have been investing heavily in the procurement of artillery systems. A few examples are mentioned below:

In December 2023, Poland's State Armament Agency announced that it had purchased K9 Howitzers from South Korea as a part of the US$ 2.6 billion deal with Hanwha Defense.

In November 2023, BAE Systems won a contract worth US$ 63 million from the US DoD to produce self-propelled Paladin howitzers and ammunition carrier vehicles.

In April 2023, Elbit Systems Ltd won a contract worth US$ 102 million to Supply ATMOS Artillery Systems to an undisclosed international customer.

Such contracts have been pushing the artillery systems market growth across different regions.

Europe Artillery Systems Market Overview

The Europe artillery systems market plays a pivotal role in shaping the military capabilities of nations, influencing defense strategies, and contributing to geopolitical dynamics. With a multifaceted landscape influenced by technological advancements, security threats, and international collaborations, the artillery systems market is characterized by ongoing modernization efforts, diversification of capabilities, and the integration of cutting-edge technologies. The demand for diversified artillery capabilities is a key factor shaping the global market. Nations seek artillery systems that can address a spectrum of operational scenarios, from conventional warfare to counterinsurgency operations. This diversification includes the development and acquisition of various artillery types, such as towed howitzers, self-propelled artillery, rocket launchers, and mortars. The goal is to possess a versatile artillery portfolio that can respond effectively to different threats and terrains.

Collaborations and partnerships between nations and defense contractors are common in the Europe artillery systems market. International alliances contribute to technology transfer, joint development programs, and the exchange of expertise. For instance, in December 2023, BAE Systems, based in the UK, secured a substantial $ 8.8 billion contract to maintain and operate a USD Army ammunition plant in Tennessee. The contract, awarded by the Department of Defense (DoD), spans a duration of 10 years, running from January 1, 2024, to December 31, 2033.

Geopolitical considerations significantly influence the Europe artillery systems market. Strategic rivalries, territorial disputes, and regional conflicts drive the demand for artillery capabilities. Nations often align their procurement strategies with perceived threats and geopolitical realities. The arms race and military build-up in certain regions contribute to the growth of the artillery market as countries strive to maintain strategic parity or superiority.

Europe Artillery Systems Market Revenue and Forecast to 2031 (US$ Million)

Europe Artillery Systems Strategic Insights

Strategic insights for the Europe Artillery Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Artillery Systems Report Scope

Europe Artillery Systems Regional Insights

The geographic scope of the Europe Artillery Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Europe Artillery Systems Market Segmentation

The Europe artillery systems market is categorized into component, range, caliber, type, and country.

Based on component, the Europe artillery systems market is segmented into gun turret, fire control system, ammunition handling system, auxiliary system, and others. The fire control system segment held the largest Europe artillery systems market share in 2023.

In terms of range, the Europe artillery systems market is segmented into short range, medium range, and long range. The medium range segment held the largest Europe artillery systems market share in 2023.

By caliber, the Europe artillery systems market is divided into small caliber, medium caliber, and large caliber. The medium caliber segment held the largest Europe artillery systems market share in 2023.

Based on type, the Europe artillery systems market is categorized into howitzer, mortar, and rocket artillery. The howitzer segment held the largest Europe artillery systems market share in 2023.

Based on country, the Europe artillery systems market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe artillery systems market share in 2023.

BAE Systems Plc, Lockheed Martin Corp, Elbit Systems Ltd, Rheinmetall AG, KMW+NEXTER Defense Systems NV, General Dynamics European Land Systems SLU, Singapore Technologies Engineering Ltd, and Denel Land Systems Pty Ltd are some of the leading companies operating in the Europe artillery systems market.