Europe Artillery Systems Market Forecast to 2031 - Regional Analysis

List of Tables

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 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.

Product Code: BMIRE00031321

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Europe Artillery Systems Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis

5. Europe Artillery Systems Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Global Military Expenditure
- 5.1.2 Increasing Number of Contracts for Supply of Artillery Systems
5.2 Market Restraints
- 5.2.1 Limited Space for Ammunitions in Artillery Systems
5.3 Market Opportunities
- 5.3.1 Deployment of Countermeasure Systems
5.4 Future Trends
- 5.4.1 Deployment of Self-Propelled Artillery Systems
5.5 Impact of Drivers and Restraints:

6. Artillery Systems Market - Europe Market Analysis

6.1 Artillery Systems Market Revenue (US$ Million), 2021-2031
6.2 Artillery Systems Market Forecast Analysis

7. Europe Artillery Systems Market Analysis - by Component

7.1 Gun Turret
- 7.1.1 Overview
- 7.1.2 Gun Turret: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Fire Control System
- 7.2.1 Overview
- 7.2.2 Fire Control System: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Ammunition Handling System
- 7.3.1 Overview
- 7.3.2 Ammunition Handling System: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Auxiliary System
- 7.4.1 Overview
- 7.4.2 Auxiliary System: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)

8. Europe Artillery Systems Market Analysis - by Range

8.1 Short Range
- 8.1.1 Overview
- 8.1.2 Short Range: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Medium Range
- 8.2.1 Overview
- 8.2.2 Medium Range: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Long Range
- 8.3.1 Overview
- 8.3.2 Long Range: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)

9. Europe Artillery Systems Market Analysis - by Caliber

9.1 Small Caliber
- 9.1.1 Overview
- 9.1.2 Small Caliber: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Medium Caliber
- 9.2.1 Overview
- 9.2.2 Medium Caliber: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Large Caliber
- 9.3.1 Overview
- 9.3.2 Large Caliber: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)

10. Europe Artillery Systems Market Analysis - by Type

10.1 Howitzer
- 10.1.1 Overview
- 10.1.2 Howitzer: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
10.2 Mortar
- 10.2.1 Overview
- 10.2.2 Mortar: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
10.3 Rocket Artillery
- 10.3.1 Overview
- 10.3.2 Rocket Artillery: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)

11. Europe Artillery Systems Market - Country Analysis

11.1 Europe
- 11.1.1 Europe Artillery Systems Market Overview
- 11.1.2 Europe: Artillery Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
  - 11.1.2.1 Europe: Artillery Systems Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 Germany: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.2.1 Germany: Artillery Systems Market Breakdown, by Component
    - 11.1.2.2.2 Germany: Artillery Systems Market Breakdown, by Range
    - 11.1.2.2.3 Germany: Artillery Systems Market Breakdown, by Caliber
    - 11.1.2.2.4 Germany: Artillery Systems Market Breakdown, by Type
  - 11.1.2.3 France: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.3.1 France: Artillery Systems Market Breakdown, by Component
    - 11.1.2.3.2 France: Artillery Systems Market Breakdown, by Range
    - 11.1.2.3.3 France: Artillery Systems Market Breakdown, by Caliber
    - 11.1.2.3.4 France: Artillery Systems Market Breakdown, by Type
  - 11.1.2.4 Italy: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.4.1 Italy: Artillery Systems Market Breakdown, by Component
    - 11.1.2.4.2 Italy: Artillery Systems Market Breakdown, by Range
    - 11.1.2.4.3 Italy: Artillery Systems Market Breakdown, by Caliber
    - 11.1.2.4.4 Italy: Artillery Systems Market Breakdown, by Type
  - 11.1.2.5 United Kingdom: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.5.1 United Kingdom: Artillery Systems Market Breakdown, by Component
    - 11.1.2.5.2 United Kingdom: Artillery Systems Market Breakdown, by Range
    - 11.1.2.5.3 United Kingdom: Artillery Systems Market Breakdown, by Caliber
    - 11.1.2.5.4 United Kingdom: Artillery Systems Market Breakdown, by Type
  - 11.1.2.6 Russia: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.6.1 Russia: Artillery Systems Market Breakdown, by Component
    - 11.1.2.6.2 Russia: Artillery Systems Market Breakdown, by Range
    - 11.1.2.6.3 Russia: Artillery Systems Market Breakdown, by Caliber
    - 11.1.2.6.4 Russia: Artillery Systems Market Breakdown, by Type
  - 11.1.2.7 Rest of Europe: Artillery Systems Market - Revenue and Forecast to 2031 (US$ Million)
    - 11.1.2.7.1 Rest of Europe: Artillery Systems Market Breakdown, by Component
    - 11.1.2.7.2 Rest of Europe: Artillery Systems Market Breakdown, by Range
    - 11.1.2.7.3 Rest of Europe: Artillery Systems Market Breakdown, by Caliber
    - 11.1.2.7.4 Rest of Europe: Artillery Systems Market Breakdown, by Type

12. Competitive Landscape

12.1 Company Positioning & Concentration
12.2 Impact of Geopolitical War

13. Industry Landscape

13.1 Overview
13.2 Market Initiative

14. Company Profiles

14.1 BAE Systems Plc
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Lockheed Martin Corp
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Elbit Systems Ltd
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Rheinmetall AG
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 KMW+NEXTER Defense Systems NV
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 General Dynamics European Land Systems SLU
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Singapore Technologies Engineering Ltd
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Denel Land Systems Pty Ltd
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments

15. Appendix

15.1 About The Insight Partners