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Howitzer Artillery System Market by Caliber (Small, Medium and Heavy), Range (Short, Medium and Long), and Component (Fire Control System, Chassis, Engine, Gun Turret and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09179
Pages: NA
Dec 2020 | 70 Views
 
Author(s) : NA
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Howitzer Artillery System Market Outlook – 2027 

The global howitzer artillery system market is experiencing a significant growth due to surge in cross border conflicts. Artillery system is a long-range weapon. Howitzer artillery is a type of artillery weapon systems characterized by a short barrel and the use of small propellant charges to propel projectiles over high trajectories, with a steep angle of descent. In addition, howitzer artillery gun aims & fires a projectile without relying on the direct line of sight between the target and artillery gun. Hence, artillery gun uses systems such as target acquisition system, communication system, and command & control system among others to fire at the designated target. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Caliber, Range, Component, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

BAE Systems, General Dynamics, Denel SOC Ltd, Hanwha Group, Elbit Systems, ST Engineering, Lockheed Martin, IMI Systems, Avibras, and RUAG Group.

 

COVID-19 scenario analysis: 

Artillery manufacturers are forced to shut down production operations due to supply chain disruption caused by the government policies to slow the spread of COVID-19.

Defense contractors are facing short term operational issues due to lack of workforce owing to travel restrictions imposed by authorities all over the world to control the COVID-19 outbreak.

Artillery gun shell manufacturers are also unable to produce and supply shells to the military agencies owing to the trade restrictions allowing only supply of essentials such as food and safety equipment.

Governments are diverting all financial resources to combat COVID-19 pandemic; hence procurement and deployment of artillery system will be adversely affected.

Travel ban imposed by authorities in the wake of COVID-19 will hamper the testing and development of artillery system due to defense system developer’s reliance on international workforce.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Surge in military expenditure, increase in demand for long range fire support, and rise in adoption of military modernization programs are the factors that drive the global mortar artillery system market. However, large storage facilities required for large artillery system hinders the market growth. On the contrary, self-propelled artillery system and automation of artillery firing system present new pathways in the industry.
The global mortar artillery system market trends are as follows:

Surge in military expenditure

Nations are investing in advance weapon system to establish dominance in the battlefield. Recently, in 2020, the US Department of Defense and BAE Systems (a British aerospace & defense company headquartered in Farnborough, UK) announced an agreement worth about 339 million USD for the production of 48 vehicle sets of M109A7 self-propelled howitzer (SPH) and its companion, the M992A3 carrier, ammunition, tracked (CAT) vehicle, including post-delivery support and spare parts. The M109A7 is the latest howitzer in the BAE Systems M109 family of vehicles, the primary indirect fire support system for the US Army’s Armored Brigade Combat Teams (ABCT). The improved chassis structure provides greater survivability and commonality with the existing systems in the ABCT, reducing operational sustainability costs by replacing obsolete components. In addition, the new M109A7 howitzer is intended to replace the M109A6 Paladin vehicle for increased combat capability and sustainment of the ABCTs. Such surge in military expenditure is expected to drive the global howitzer artillery system market.

Key segments covered:

Segments

Sub-segments

  Caliber

  • Small
  • Medium
  • Heavy

  Range

  • Short
  • Medium
  • Long

  Component

  • Fire Control System
  • Chassis
  • Engine
  • Gun Turret
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global howitzer artillery system industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global howitzer artillery system market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global howitzer artillery system market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global howitzer artillery system market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the howitzer artillery system market research report:

  • Which are the leading market players active in the howitzer artillery system market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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