The Global Artillery and Systems Market 2015-2025
Summary
Global spending on artillery and systems is expected to register a CAGR of 3.64% over the forecast period, primarily 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. In addition, 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 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.
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Key Findings
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
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Table of Contents
1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence
2 Executive Summary
3 Global Military Artillery and Systems Market Size and Drivers
3.1 Military Artillery and Systems Market Size and Forecast 20152025
3.1.1 Global military artillery and systems market to show XX during the forecast period
3.2 Global Military Artillery and Systems Market Regional Analysis
3.2.1 Bound by border conflicts and geographical limitations, the XX region is to lead the artillery and systems market over the forecast period
3.2.2 Focus on indigenous development and regional rivalry to drive expenditure on artillery and systems in the XX region over the forecast period
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