Market Overview:

Rocket Artillery Systems Market is expected to reach USD 9.17 Billion by 2030, registering a CAGR of 7.22% during 2020-2030

The global Artillery Systems Market size has been segmented by type, component, range, and region.

Based on type, the market has been divided into mortars, howitzers, rocket artillery, and others. The howitzers segment is expected to grow at the highest rate during the forecast period due to the increasing adoption of howitzers by armed forces globally. By range, the market has been classified as short, medium, and long. Based on component, the market has been segmented into gun turret, fire control system, ammunition handling system, auxiliary system, and others.

The global Rocket Artillery Systems Markethas been analysed for five key regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

Key Players:

The key players in the global Rocket Artillery Systems Market are

Avibras (Brazil), BAE Systems (UK), China North Industries Corporation (Norinco) (China), Denel SOC Ltd (South Africa), Elbit Systems (Israel), General Dynamics (US), Hanwha Group (South Korea), IMI Systems (Israel), Kmw+Nexter Defense Systems (KNDS) (Netherlands), and Lockheed Martin (US).

Market Segmentation:

The scope of the study segments the Rocket Artillery Systems Market by type, component, range, and region.

By Type
Mortars, Howitzers, Rocket Artillery, Others

By Component
Gun Turret, Fire Control System, Ammunition Handling System, Auxiliary System, Others

By Range
Short Range, Medium Range, Long Range

By Region
North America, Europe, Asia-Pacific, Middle East & Africa, Latin America

Regional Analysis:

This study provides an overview of the global Artillery Systems Market size, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. 

North America held the largest share of the global Rocket Artillery Systems market in 2017 due to a significant increase in defense spending in the US and Canada. Likewise, the ongoing military modernization program in the US is also expected to drive the demand for artillery systems during the review period.

Europe is one of the leading markets for artillery systems owing to rising demand in the UK, France, Russia, and Germany. The growth of the regional market can be attributed to the increasing number of terrorist attacks and border disputes.

The market in Asia-Pacific is projected to register the highest growth rate during the forecast period. The increase in border disputes and rising government spending on equipment are expected to drive market growth in this region. In the Middle East & Africa, the demand for artillery systems is expected to increase due to the rising number of terrorist attacks and high military budgets in Israel and Iran.

Full report @ https://www.marketresearchfuture.com/reports/artillery-systems-market-6787

FAQs:

What is the estimated growth rate of the global Aircraft arresting system market? |Read More

What returns foreseen to be displayed by the global full service carrier market? |Read More

About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions

Contact:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor, New York, New York 10013,

United States of America

+1 646 845 9312

Email: sales@marketresearchfuture.com