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The Artillery Systems Market Size was valued at USD 11.4 billion in 2023 and is expected to reach USD 19.3 billion by 2032 and grow at a CAGR of 6.0% over the forecast period 2024-2032.
The market for artillery systems is fragmented, with several global and local firms contributing considerably to market growth via competitive pricing and innovation. BAE Systems PLC, Lockheed Martin Corporation, Hanwha Group, Leonardo SpA, and Nexter Group are some of the leading players in the artillery systems industry. To grow their market share, the firms are primarily focused on improving the capabilities of their artillery systems portfolio. BAE Systems PLC presented a new modular ARCHER Mobile Howitzer at Defence and Security Equipment International (DSEI) in 2020.
The new system, according to the manufacturer, has a 21-round auto-loader and onboard ballistic computation, and it can fire up to eight rounds per minute at ranges reaching 40 kilometres with conventional 155 mm ammunition and 60 kilometres with precision-guided missiles. Foreign players are vying with domestic players for multibillion-dollar long-term contracts. Some players have also formed alliances with local businesses in order to broaden their consumer base and exchange technological skills.
Tensions in Eastern Europe, the Middle East, and the Asia-Pacific region are driving demand for new artillery systems. Demand is also increasing in the United States, which is attempting to address gaps in its ground forces by replacing ageing weapons with modern artillery systems. Furthermore, during the last decade, an increasing emphasis on boosting naval capabilities has resulted in major new orders for frigates, corvettes, aircraft carriers, destroyers, and offshore boats, necessitating the need for new artillery weapons. In 2021, Leonardo and BAE Systems controlled the naval artillery systems market.
The artillery system market is expanding rapidly as a result of an increase in cross-border conflicts. A long-range weapon is an artillery system. Artillery may fire weapons far beyond the range of infantry and tanks. A projectile is aimed and fired by an artillery cannon without relying on a direct line of sight between the target and the artillery gun. As a result, artillery guns employ a variety of systems to track and find targets that are out of their line of sight. Among the several artillery systems are the target acquisition system, communication system, and command and control system. Artillery systems are often utilised in warfare to offer close support fire to suppress and neutralise opposing forces.
Artillery guns are designed to fire explosives at greater distances than small arms and light weapons, providing fire support for armour and infantry troops. The term artillery gun especially refers to self-propelled, towed, and emplaced weapons built for indirect fire and capable of hitting targets at a long distance. Artillery guns might be self-propelled, towed, armoured, or unarmed. However, technical advancements in the 155 mm bullet are expected to stretch the present artillery weapons' ranges between 44 and 62 miles (70-99 km). As a result, the 155 mm artillery fuels market expansion.
MARKET DYNAMICS
DRIVERS:
Government defense budgets play a crucial role in determining the procurement and development of artillery systems.
Modernization and Upgrades is the driver of the Artillery Systems Market.
Many countries continuously seek to modernize their military equipment, including artillery systems, to maintain a competitive edge in defense capabilities. Upgrading existing artillery platforms with advanced components can be a significant driver.
RESTRAIN:
Certain terrain or operational conditions might limit the effective use of artillery systems, reducing their attractiveness in specific scenarios.
Ethical and Humanitarian Considerations are the restraint of the Artillery Systems Market.
Concerns about the humanitarian consequences of artillery use, especially in populated areas, might lead to increased scrutiny and calls for more responsible weapon usage.
OPPORTUNITY:
Offering comprehensive maintenance, support, and upgrade services for existing artillery systems can be a lucrative opportunity for defense companies.
Joint and Network-Centric Operations are an opportunity for the Artillery Systems Market.
Artillery systems that seamlessly integrate with other military assets in joint and network-centric operations offer enhanced capabilities and are in demand.
CHALLENGES:
Political tensions and international conflicts can impact arms trade agreements, affecting the potential sales of artillery systems to certain regions.
Cost Constraints are the challenges of the Artillery Systems Market.
Developing, manufacturing, and maintaining advanced artillery systems can be expensive, and budget limitations can hinder the acquisition and modernization of these systems.
IMPACT OF RUSSIAN UKRAINE WAR
While Russia has struggled in other areas of the battlefield, artillery has been critical to its ability to keep Ukrainian forces at bay. To overcome hurdles and attain higher efficacy, the Russian armed forces have altered classical artillery practises. Artillery is crucial to the Russian manner of combat; hence Western troops must fully comprehend it. The gunnery issue, which highlights the technical obstacles involved in striking a target using indirect rounds, is the same regardless of country. These difficulties include the precise acquisition and utilisation of meteorological data, which will affect flight route and speed, as well as survey data, which is crucial for determining where the firing cannon is positioned and where it is pointed, as well as accurate target localization.
Many of Russia's weaponry and most experienced crews are believed to have been lost. Russian strikes, on the other hand, are frequently preceded by substantial indirect fire; Russia's ammunition consumption and testimonies from Ukraine both corroborate this viewpoint. Artillery fires are responsible for 70% of Ukraine's casualties. Despite the hurdles, it is obvious that Russian artillery is having a substantial influence on the Ukrainian armed forces and delivering effects using a combination of creative tactics and technology, as well as a reliance on conventional doctrine. In this conflict, the Artillery Systems Market gains profit up to 3.4-4.5%
IMPACT OF ONGOING RECESSION
In the present global crisis, a comparative examination of specific world countries' defence plans must be done within the context of the worldwide crisis that began in 2020. In terms of its unique origins and evolution, the context, the trigger, the consequences, and the anti-crisis programmes devised by countries and international organisations. In terms of its origins, there is a growing consensus that, in the early years of the twentieth century, major international investors operated in an environment of increasing uncertainty about the future evolution of commodity markets such as oil and natural gas, raw materials, and rare minerals.
According to oil market statistics, demand for oil in the United States increased from 22 million barrels per day in early 2020 to about 31 million in 2021-2022, representing a 30% increase in consumption prior to the downward trend caused by the economic crisis. Over the same time, OPEP output climbed by 37%, while non-OPEP production increased by 21%, for a total global production of 106.38 million barrels per day.
By Caliber
Heavy
Medium
Small
By Range
Long
Medium
Short
By Type
Anti-Air
Mortar
Rocket
Howitzer
Others
By Component
Gun Turret
Fire Control System
Engine
Chassis
Others
REGIONAL ANALYSIS
North America: North America is expected to retain its dominance in the Artillery Systems market during the projected period. Due to the rising need for better protective solutions in the defence and military sectors, the United States, the world's largest military spender, is occupied with the most contemporary and massive amount of defence equipment, contributing significantly to North America's market growth. Because of the increase in terror attacks, the European Market is now the second-largest share-holding market, after only North America. Market expansion is encouraged in European countries such as the United Kingdom, France, Russia, and Germany.
Asia Pacific: During the projection period, Asia-Pacific is predicted to grow at a rapid pace. The increased tensions among the countries in this area have prompted a fast modernisation of the military forces. China, India, Australia, Japan, and South Korea are all heavily investing in the research, construction, and acquisition of artillery systems.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Artillery Systems Market are RUAG Group., IMI Systems, General Dynamic, Elbit Systems, Lockheed Martin, Avibras, Denel SOC Ltd, BAE Systems, Hanwha Group, ST Engineering and other players.
RECENT DEVELOPMENTS
In 2021: Australia has agreed to purchase 30 K-9 Thunder self-propelled howitzers from South Korea. The seventh country that bought a howitzer from South Korea is Australia.
In 2021: Rheinmetall received a fresh order from the Netherlands for 155mm illumination and smoke/obscurant artillery munitions. In late 2023, the missiles will be transferred to the Netherlands.
In 2020: The US Army awarded Lockheed Martin a USD 183 million contract to construct and deliver 28 High Mobility Artillery Rocket System launchers and accompanying equipment. The deliveries are scheduled to begin in 2022.
| Report Attributes | Details |
| Market Size in 2023 | US$ 11.4 Bn |
| Market Size by 2032 | US$ 19.3 Bn |
| CAGR | CAGR of 6% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2023-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Caliber (Heavy, Medium, Small) • By Range (Long, Medium, Short) • By Type (Anti-Air, Mortar, Rocket, Howitzer, Others) • By Component (Gun Turret, Fire Control System, Engine, Chassis, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | RUAG Group., IMI Systems, General Dynamic, Elbit Systems, Lockheed Martin, Avibras, Denel SOC Ltd, BAE Systems, Hanwha Group, ST Engineering |
| Key Drivers | • Government defense budgets play a crucial role in determining the procurement and development of artillery systems. • Modernization and Upgrades is the driver of the Artillery Systems Market. |
| Market Restraints | • Certain terrain or operational conditions might limit the effective use of artillery systems, reducing their attractiveness in specific scenarios. • Ethical and Humanitarian Considerations are the restraint of the Artillery Systems Market. |
Ans. The Compound Annual Growth rate for the Artillery Systems Market over the forecast period is 6%.
Ans. USD 17.21 Billion is the projected Artillery Systems Market size of the market by 2030.
Ans. The Artillery Systems Market is anticipated to reach USD 10.8 Billion by 2022.
Ans. Autonomous Systems and System of Counter-Artillery.
Ans. Asia Pacific is estimated to have the largest market share for artillery systems, with India growing at the fastest CAGR over the forecast period.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Artillery Systems Market Segmentation, By Caliber
8.1 Heavy
8.2 Medium
8.3 Small
9. Artillery Systems Market Segmentation, By Range
9.1 Long
9.2 Medium
9.3 Short
10. Artillery Systems Market Segmentation, By Type
10.1 Anti-Air
10.2 Mortar
10.3 Rocket
10.4 Howitzer
10.5 Others
11. Artillery Systems Market Segmentation, By Component
11.1 Gun Turret
11.2 Fire Control System
11.3 Engine
11.4 Chassis
11.5 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Artillery Systems Market by Country
12.2.2 North America Artillery Systems Market by Caliber
12.2.3 North America Artillery Systems Market by Range
12.2.4 North America Artillery Systems Market by Type
12.2.5 North America Artillery Systems Market by Component
12.2.6 USA
12.2.6.1 USA Artillery Systems Market by Caliber
12.2.6.2 USA Artillery Systems Market by Range
12.2.6.3 USA Artillery Systems Market by Type
12.2.6.4 USA Artillery Systems Market by Component
12.2.7 Canada
12.2.7.1 Canada Artillery Systems Market by Caliber
12.2.7.2 Canada Artillery Systems Market by Range
12.2.7.3 Canada Artillery Systems Market by Type
12.2.7.4 Canada Artillery Systems Market by Component
12.2.8 Mexico
12.2.8.1 Mexico Artillery Systems Market by Caliber
12.2.8.2 Mexico Artillery Systems Market by Range
12.2.8.3 Mexico Artillery Systems Market by Type
12.2.8.4 Mexico Artillery Systems Market by Component
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Artillery Systems Market by Country
12.3.1.2 Eastern Europe Artillery Systems Market by Caliber
12.3.1.3 Eastern Europe Artillery Systems Market by Range
12.3.1.4 Eastern Europe Artillery Systems Market by Type
12.3.1.5 Eastern Europe Artillery Systems Market by Component
12.3.1.6 Poland
12.3.1.6.1 Poland Artillery Systems Market by Caliber
12.3.1.6.2 Poland Artillery Systems Market by Range
12.3.1.6.3 Poland Artillery Systems Market by Type
12.3.1.6.4 Poland Artillery Systems Market by Component
12.3.1.7 Romania
12.3.1.7.1 Romania Artillery Systems Market by Caliber
12.3.1.7.2 Romania Artillery Systems Market by Range
12.3.1.7.3 Romania Artillery Systems Market by Type
12.3.1.7.4 Romania Artillery Systems Market by Component
12.3.1.8 Hungary
12.3.1.8.1 Hungary Artillery Systems Market by Caliber
12.3.1.8.2 Hungary Artillery Systems Market by Range
12.3.1.8.3 Hungary Artillery Systems Market by Type
12.3.1.8.4 Hungary Artillery Systems Market by Component
12.3.1.9 Turkey
12.3.1.9.1 Turkey Artillery Systems Market by Caliber
12.3.1.9.2 Turkey Artillery Systems Market by Range
12.3.1.9.3 Turkey Artillery Systems Market by Type
12.3.1.9.4 Turkey Artillery Systems Market by Component
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Artillery Systems Market by Caliber
12.3.1.10.2 Rest of Eastern Europe Artillery Systems Market by Range
12.3.1.10.3 Rest of Eastern Europe Artillery Systems Market by Type
12.3.1.10.4 Rest of Eastern Europe Artillery Systems Market by Component
12.3.2 Western Europe
12.3.2.1 Western Europe Artillery Systems Market by Country
12.3.2.2 Western Europe Artillery Systems Market by Caliber
12.3.2.3 Western Europe Artillery Systems Market by Range
12.3.2.4 Western Europe Artillery Systems Market by Type
12.3.2.5 Western Europe Artillery Systems Market by Component
12.3.2.6 Germany
12.3.2.6.1 Germany Artillery Systems Market by Caliber
12.3.2.6.2 Germany Artillery Systems Market by Range
12.3.2.6.3 Germany Artillery Systems Market by Type
12.3.2.6.4 Germany Artillery Systems Market by Component
12.3.2.7 France
12.3.2.7.1 France Artillery Systems Market by Caliber
12.3.2.7.2 France Artillery Systems Market by Range
12.3.2.7.3 France Artillery Systems Market by Type
12.3.2.7.4 France Artillery Systems Market by Component
12.3.2.8 UK
12.3.2.8.1 UK Artillery Systems Market by Caliber
12.3.2.8.2 UK Artillery Systems Market by Range
12.3.2.8.3 UK Artillery Systems Market by Type
12.3.2.8.4 UK Artillery Systems Market by Component
12.3.2.9 Italy
12.3.2.9.1 Italy Artillery Systems Market by Caliber
12.3.2.9.2 Italy Artillery Systems Market by Range
12.3.2.9.3 Italy Artillery Systems Market by Type
12.3.2.9.4 Italy Artillery Systems Market by Component
12.3.2.10 Spain
12.3.2.10.1 Spain Artillery Systems Market by Caliber
12.3.2.10.2 Spain Artillery Systems Market by Range
12.3.2.10.3 Spain Artillery Systems Market by Type
12.3.2.10.4 Spain Artillery Systems Market by Component
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Artillery Systems Market by Caliber
12.3.2.11.2 Netherlands Artillery Systems Market by Range
12.3.2.11.3 Netherlands Artillery Systems Market by Type
12.3.2.11.4 Netherlands Artillery Systems Market by Component
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Artillery Systems Market by Caliber
12.3.2.12.2 Switzerland Artillery Systems Market by Range
12.3.2.12.3 Switzerland Artillery Systems Market by Type
12.3.2.12.4 Switzerland Artillery Systems Market by Component
12.3.2.13 Austria
12.3.2.13.1 Austria Artillery Systems Market by Caliber
12.3.2.13.2 Austria Artillery Systems Market by Range
12.3.2.13.3 Austria Artillery Systems Market by Type
12.3.2.13.4 Austria Artillery Systems Market by Component
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Artillery Systems Market by Caliber
12.3.2.14.2 Rest of Western Europe Artillery Systems Market by Range
12.3.2.14.3 Rest of Western Europe Artillery Systems Market by Type
12.3.2.14.4 Rest of Western Europe Artillery Systems Market by Component
12.4 Asia-Pacific
12.4.1 Asia Pacific Artillery Systems Market by Country
12.4.2 Asia Pacific Artillery Systems Market by Caliber
12.4.3 Asia Pacific Artillery Systems Market by Range
12.4.4 Asia Pacific Artillery Systems Market by Type
12.4.5 Asia Pacific Artillery Systems Market by Component
12.4.6 China
12.4.6.1 China Artillery Systems Market by Caliber
12.4.6.2 China Artillery Systems Market by Range
12.4.6.3 China Artillery Systems Market by Type
12.4.6.4 China Artillery Systems Market by Component
12.4.7 India
12.4.7.1 India Artillery Systems Market by Caliber
12.4.7.2 India Artillery Systems Market by Range
12.4.7.3 India Artillery Systems Market by Type
12.4.7.4 India Artillery Systems Market by Component
12.4.8 Japan
12.4.8.1 Japan Artillery Systems Market by Caliber
12.4.8.2 Japan Artillery Systems Market by Range
12.4.8.3 Japan Artillery Systems Market by Type
12.4.8.4 Japan Artillery Systems Market by Component
12.4.9 South Korea
12.4.9.1 South Korea Artillery Systems Market by Caliber
12.4.9.2 South Korea Artillery Systems Market by Range
12.4.9.3 South Korea Artillery Systems Market by Type
12.4.9.4 South Korea Artillery Systems Market by Component
12.4.10 Vietnam
12.4.10.1 Vietnam Artillery Systems Market by Caliber
12.4.10.2 Vietnam Artillery Systems Market by Range
12.4.10.3 Vietnam Artillery Systems Market by Type
12.4.10.4 Vietnam Artillery Systems Market by Component
12.4.11 Singapore
12.4.11.1 Singapore Artillery Systems Market by Caliber
12.4.11.2 Singapore Artillery Systems Market by Range
12.4.11.3 Singapore Artillery Systems Market by Type
12.4.11.4 Singapore Artillery Systems Market by Component
12.4.12 Australia
12.4.12.1 Australia Artillery Systems Market by Caliber
12.4.12.2 Australia Artillery Systems Market by Range
12.4.12.3 Australia Artillery Systems Market by Type
12.4.12.4 Australia Artillery Systems Market by Component
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Artillery Systems Market by Caliber
12.4.13.2 Rest of Asia-Pacific Artillery Systems Market by Range
12.4.13.3 Rest of Asia-Pacific Artillery Systems Market by Type
12.4.13.4 Rest of Asia-Pacific Artillery Systems Market by Component
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Artillery Systems Market by Country
12.5.1.2 Middle East Artillery Systems Market by Caliber
12.5.1.3 Middle East Artillery Systems Market by Range
12.5.1.4 Middle East Artillery Systems Market by Type
12.5.1.5 Middle East Artillery Systems Market by Component
12.5.1.6 UAE
12.5.1.6.1 UAE Artillery Systems Market by Caliber
12.5.1.6.2 UAE Artillery Systems Market by Range
12.5.1.6.3 UAE Artillery Systems Market by Type
12.5.1.6.4 UAE Artillery Systems Market by Component
12.5.1.7 Egypt
12.5.1.7.1 Egypt Artillery Systems Market by Caliber
12.5.1.7.2 Egypt Artillery Systems Market by Range
12.5.1.7.3 Egypt Artillery Systems Market by Type
12.5.1.7.4 Egypt Artillery Systems Market by Component
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Artillery Systems Market by Caliber
12.5.1.8.2 Saudi Arabia Artillery Systems Market by Range
12.5.1.8.3 Saudi Arabia Artillery Systems Market by Type
12.5.1.8.4 Saudi Arabia Artillery Systems Market by Component
12.5.1.9 Qatar
12.5.1.9.1 Qatar Artillery Systems Market by Caliber
12.5.1.9.2 Qatar Artillery Systems Market by Range
12.5.1.9.3 Qatar Artillery Systems Market by Type
12.5.1.9.4 Qatar Artillery Systems Market by Component
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Artillery Systems Market by Caliber
12.5.1.10.2 Rest of Middle East Artillery Systems Market by Range
12.5.1.10.3 Rest of Middle East Artillery Systems Market by Type
12.5.1.10.4 Rest of Middle East Artillery Systems Market by Component
12.5.2. Africa
12.5.2.1 Africa Artillery Systems Market by Country
12.5.2.2 Africa Artillery Systems Market by Caliber
12.5.2.3 Africa Artillery Systems Market by Range
12.5.2.4 Africa Artillery Systems Market by Type
12.5.2.5 Africa Artillery Systems Market by Component
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Artillery Systems Market by Caliber
12.5.2.6.2 Nigeria Artillery Systems Market by Range
12.5.2.6.3 Nigeria Artillery Systems Market by Type
12.5.2.6.4 Nigeria Artillery Systems Market by Component
12.5.2.7 South Africa
12.5.2.7.1 South Africa Artillery Systems Market by Caliber
12.5.2.7.2 South Africa Artillery Systems Market by Range
12.5.2.7.3 South Africa Artillery Systems Market by Type
12.5.2.7.4 South Africa Artillery Systems Market by Component
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Artillery Systems Market by Caliber
12.5.2.8.2 Rest of Africa Artillery Systems Market by Range
12.5.2.8.3 Rest of Africa Artillery Systems Market by Type
12.5.2.8.4 Rest of Africa Artillery Systems Market by Component
12.6. Latin America
12.6.1 Latin America Artillery Systems Market by Country
12.6.2 Latin America Artillery Systems Market by Caliber
12.6.3 Latin America Artillery Systems Market by Range
12.6.4 Latin America Artillery Systems Market by Type
12.6.5 Latin America Artillery Systems Market by Component
12.6.6 Brazil
12.6.6.1 Brazil Artillery Systems Market by Caliber
12.6.6.2 Brazil Artillery Systems Market by Range
12.6.6.3 Brazil Artillery Systems Market by Type
12.6.6.4 Brazil Artillery Systems Market by Component
12.6.7 Argentina
12.6.7.1 Argentina Artillery Systems Market by Caliber
12.6.7.2 Argentina Artillery Systems Market by Range
12.6.7.3 Argentina Artillery Systems Market by Type
12.6.7.4 Argentina Artillery Systems Market by Component
12.6.8 Colombia
12.6.8.1 Colombia Artillery Systems Market by Caliber
12.6.8.2 Colombia Artillery Systems Market by Range
12.6.8.3 Colombia Artillery Systems Market by Type
12.6.8.4 Colombia Artillery Systems Market by Component
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Artillery Systems Market by Caliber
12.6.9.2 Rest of Latin America Artillery Systems Market by Range
12.6.9.3 Rest of Latin America Artillery Systems Market by Type
12.6.9.4 Rest of Latin America Artillery Systems Market by Component
13 Company Profile
13.1 RUAG Group.
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 IMI Systems
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 General Dynamic
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Elbit Systems
13.4 Company Overview
13.4.2 Financials
13.4.3 Product/Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Lockheed Martin
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Avibras
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Denel SOC Ltd
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 BAE Systems
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Hanwha Group
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 ST Engineering
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Shipbuilding Market Size was valued at USD 156.65 billion in 2023 and is expected to reach USD 204.35 billion by 2031 with a growing CAGR of 3.38% over the forecast period 2024-2031.
The Digital Battlefield Market Size was valued at USD 53.4 billion in 2023 and is expected to reach USD 169.2 billion by 2031 with a growing CAGR of 15.5% over the forecast period 2024-2031.
The Integrated Marine Automation System Market Size was valued at USD 6.08 Billion in 2023 and is expected to reach USD 12.82 Billion by 2032 and grow at a CAGR of 9.07% over the forecast period 2024-2032.
The Bullet Proof Vest Market was valued at USD 1.4 billion in 2023 and is expected to reach USD 2.3 billion by 2032, growing at a CAGR of 5.5% over the forecast period 2024-2032.
The Gunshot Detection System Market Size was valued at US$ 5.13 billion in 2023, expected to reach USD 12.60 billion by 2032 and grow at a CAGR of 10.50% over the forecast period 2024-2032.
The Military Embedded Systems Market Size was valued at USD 1.75 billion in 2023 and is expected to reach USD 4.03 billion by 2032 with a growing CAGR of 9.7% over the forecast period 2024-2032.
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