The global howitzer artillery system market size is expected to increase rapidly over the forecast period. A howitzer is a kind of artillery gun that is created to fire shells at high trajectories over comparatively short ranges. Howitzers are usually tinier and heavyweight than artillery guns, with great caliber barrels that assist in firing heavier projectiles.
Fortune Business Insights presents this information in their report titled “Howitzer Artillery System Market, 2024-2032.”
Informational Source:
https://www.fortunebusinessinsights.com/howitzer-artillery-system-market-108394
Russia-Ukraine War Impact
Rise in Demand for Howitzer Artillery Systems During Russia-Ukraine War Boosted Market Expansion
The ongoing war between Russia and Ukraine has had a noteworthy impact on the howitzer artillery system market growth. The demand for howitzers by the Ukrainian military has increased amid this battle. Ukraine has been speedily escalating and renovating its military with its artillery abilities. The fight has also emphasized the significance of cutting-edge military systems, predominantly those armed with digital fire control systems that provide enhanced precision, which is crucial in urban warfare and other intricate war situations.
Major Players Profiled in the Report:
- RUAG Group (Switzerland)
- Denel SOC Ltd (South Africa)
- Hanwha Group (South Korea)
- BAE Systems (U.S.)
- IMI Systems (Israel)
- Elbit Systems (Israel)
- ST Engineering (Singapore)
- General Dynamics (U.S.)
- Lockheed Martin (U.S.)
- Avibras (Brazil)
Segments:
By type, the market is segregated into self-propelled howitzer, towed howitzer, truck mounted howitzer, and airborne howitzer.
Based on caliber, the market is trifurcated into 105, 155, and 203.
On the basis of application, the market is divided into artillery support, counter-battery fire, strategic bombardment, and siege warfare.
In terms of range, the market is categorized into 5-30 kilometers, 30-50 kilometers, and above 60 kilometers.
By component, the market is classified into barrel, carriage, recoil mechanism, breech, firing mechanism, ammunition, and elevating mechanism.
From the regional ground, the market is segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America.
Report Coverage
The comprehensive market research report delves into crucial elements, including the competitive landscape, distribution channels, and notable product categories. The document provides valuable insights into prevailing market trends and significant industry advancements. It also encompasses various variables that have contributed to the recent market expansion. With a thorough examination of these factors, the report offers a holistic view of the market’s current and future potential. Stakeholders can leverage this information to make informed decisions and formulate effective strategies for success.
Drivers
Increasing Need for Offering Fire Support to Ground Troops to Propel Market Expansion
Modern howitzers are gaining popularity as they are self-propelled and can be rapidly installed in the field. They are a crucial element of several modern armies due to their high mobility and rapid movement. The market is driven by military demand. Howitzers are rapidly adopted by countries with large militaries, mainly those involved in wars or with safety concerns. Some countries with minor militaries also buy howitzers for defensive purposes. The development of more innovative howitzer artillery systems, including those fortified with digital fire control systems and GPS guidance to provide improved accuracy and reliability, is driving their demand among militaries.
The rapid shift in government strategies or military budgets can influence demand for howitzer artillery systems. Geopolitical pressure or fights are boosting the sales of military equipment. Howitzers are a prominent element of contemporary artillery arsenals. The increasing need for offering fire support to ground troops, finishing enemy fortifications, and overpowering enemy positions is fueling the market growth.
Regional Insights
North America Leads the Market Due to Rapid Adoption of Advanced Artillery Weapons
North America accounts for the largest howitzer artillery system market share. The rapid adoption of advanced artillery weapons as the U.S. Navy anticipates substituting its fleet of an old-fashioned navy ship with innovative naval vessels is boosting market expansion in the region.
Competitive Landscape
Major Companies Focus on the Development of Innovative Howitzer Systems to Uphold their Supremacy
RUAG Group, Denel SOC Ltd, and Hanwha Group are some of the top howitzer artillery system providers in the market. They are focusing on strategic agreements and collaborations to offer innovative howitzer systems to provide enhanced accuracy and consistency.
Key Industry Developments
- December 2021: Australia entered into an agreement with South Korea to acquire 30 K-9 Thunder Self-propelled howitzers. Australia is the eighth country to purchase a South Korean-made Howitzer.
