Market Research Report
Global Artillery and Systems - Market and Technology Forecast to 2027: Market Forecasts by Region, by Platform, by Component, Country Analysis, Market Overview, Opportunity Analysis, and Leading Companies
|Published by||Market Forecast||Product code||884037|
|Published||Content info||246 Pages
Delivery time: 1-2 business days
|Global Artillery and Systems - Market and Technology Forecast to 2027: Market Forecasts by Region, by Platform, by Component, Country Analysis, Market Overview, Opportunity Analysis, and Leading Companies|
|Published: July 8, 2019||Content info: 246 Pages||
The key function of artillery platforms is to provide support fire for the forces, the key performance parameters are: mobility, range, accuracy and loading. The advancements in material sciences have helped use of metals like Titanium, which in turn reduced the overall weight of the platform. The range of the platform is increased by increased powder pressure, increasing the length of the gun and improving the aerodynamics of the projectile.
The use of rocket propelled projectiles has been successful in increasing the range by 30% to 40% in case of M777 Howitzer. Precision Guided Munition like the Excalibur can help in increasing the range and the accuracy, the M777 Howitzer can strike a target at a range of 40 Km, with a CEP of 5 meters, when fired from 155 mm/ L39 weapon. The other platform changes include the installation of Fire Control Systems (FCS) to improve accuracy. The auto loaders have helped in doubling the rate of fire to 6-10 rounds per minute.
The cumulative market is expected to surpass USD 76 Billion during the forecast period 2019- 2027. The market is expected to grow at a CAGR of around 3.6%. The towed artillery accounts to more than 50% of the Global inventory, these are driven by the artillery inventories across countries in APAC, like Russia, China and India. It is interesting to note than Russia accounts to around 12% of the Global inventory, followed by China, which accounts to around 10% of the Global artillery inventory. However, US accounts to around 2.5% of the Global inventory. The increased focus on high technology platforms have acted as a key challenge in the US Artillery Market, it is good to understand that the Artillery platforms are included as one of the top priority areas within the US Defense, this would act as a driver during the study period.
The study period of the "Global Artillery and Systems Market" is between 2017-2027, however the forecast period is between 2019-2027. The report is aimed at:
The market is segmented based on Region, Platform, and Components. Region Wise Segmentation: