06 June 2020
Visiongain has launched a new report Artillery Systems Market Report 2020-2030: Forecasts by Type (Howitzer, Mortar, Anti-air, Rocket), by Component (Gun Turret, Engine, Fire, Control Systems, Ammunition Handling System, Chassis, Auxiliary Systems), by Caliber (Small, Medium, Heavy) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
This latest report by business intelligence provider Visiongain assesses that the global Artillery Systems market is expected to grow at a lucrative rate during the forecast period. Artillery Systems belong to the group of weapons designed to launch munitions and weapons far beyond the range of small far arms. These systems are primarily developed to breach defensive walls and fortifications during sieges. Currently self propped artillery systems are gaining prominence among the military and army personnel. These propelled artillery systems contribute to the largest share of the army’s total power and therefore represent significant revenue opportunities for the players operating in the global artillery systems market. Intensifying technological competitions among countries combined proliferation advancement military hardware is driving the growth of the global artillery systems market. Further, countries. Long-range fires are becoming the army’s major modernization priority and are therefore expected to drive the adoption of the global artillery systems market.
The 202-page report contains 258 tables, charts, and graphs that add visual analysis to explain developing trends within the Artillery Systems market. Visiongain provides Artillery Systems market forecasts for the period 2018-2028 for the three submarkets, namely Type, Component and Caliber.
In terms of research and development, companies operating in artillery systems market are primarily focusing towards development of long-range artillery system integrated with advanced design and range of electronic suite, fire control, and targeting equipment.
Some of the players operating in the Artillery Systems market include Elbit Systems, BAE Systems, China North Industries, Hanwha Group, Kmw+Nexter Defense Systems, Denel Soc Ltd, IMI Systems, Lockheed Martin, ST Engineering, Ruag Group, General Dynamics, and Avibras. These companies are increasingly focusing on research and development activities so as to gain a competitive advantage. The players are also taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.
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