Howitzer Systems Market Forecast Shows Robust Growth to 2032 Amid Rising Global Security Demands

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Feb 08, 2024, 10:45 ET

DUBLIN, Feb. 8, 2024 /PRNewswire/ -- The "Howitzer Systems - Market and Technology Forecast to 2032" report has been added to ResearchAndMarkets.com's offering.

The global landscape for Howitzer Systems is expected to experience significant growth, according to a comprehensive market and technology forecast now available for review. With a forecasted Compound Annual Growth Rate (CAGR) of 10.1% through 2032, the market value is projected to attain a striking US$72.1 billion by the end of the projection period.

Recent geopolitical events, notably the ongoing conflict in Ukraine, have played a vital role in shaping market dynamics within the North American and European regions. These territories stand out, with Europe alone predicted to represent 38.8% of the market share between 2024 and 2032, escalating to a substantial US$28.01 billion at a 9.3% CAGR.

The Modern Battlefield and Howitzer Relevance

The analysis within the study discusses how recent global conflicts have underlined the critical importance of long-range artillery systems in modern warfare. While missile systems offer high-accuracy solutions, the war scenario in Ukraine has unveiled the indispensable role of Howitzer systems in delivering the required volume of fire on the battlefield, an aspect particularly emphasized in Russian and Chinese military strategies.

Cost, Consolidation, and Capacity: Navigating Market Complexities

The expenditure associated with matching the artillery capabilities of peer adversaries poses a formidable economic challenge. However, the report indicates that creative approaches such as joint procurement initiatives amongst member states of security or political entities, like the EU and NATO, could help mitigate costs and foster economies of scale.

Beyond unit sales, the analysis points towards valuable opportunities within the industrial sphere where manufacturing capabilities are being stretched thin. This pressure on the industry could potentially lead to opportunities for mergers and acquisitions (M&A) across the supply chain, presenting significant economies of scale prospects and further consolidation.

Comprehensive Insights and Market Influence

The market study provides a detailed examination of the Howitzer Systems market's evolution, focusing on demand drivers, industry trends, technological advancements, regional and segment analyses. It assesses the effects of current global events on market trajectory and offers a granular view into the competitive landscape, including strategic alliances and SWOT analysis of key players.

Strategic Defense Insights

The report delivers insights that equip decision-makers with the foresight necessary to navigate the complexities of the Howitzer Systems market. Military contractors, defense strategists, and government entities will find this forecast valuable for aligning their strategic planning with market trends and forecasts, ensuring they are well-positioned to capitalize on the growing demand for Howitzer capabilities over the coming decade.

The study underscores financial, organizational, and geopolitical factors intertwining within the defense sector and their impact on the Howitzer Systems market, facilitating stakeholders to capitalize on the evolving opportunities and shape their investment strategies accordingly.

Technologies and Developments

Technology overview
Artillery Operational Concepts
Artillery Units' Organization
Divisional Artillery (DIVARTY)
Fire Direction Centre (FDC)
Ballistics
Towed vs Wheeled vs Tracked Systems
Lessons Learned from Ukraine
Technologies and design concepts that will impact the market
Advanced materials
C4I - Networking
Guidance
Automation
Autonomy
Signature management

Market Overview

Introduction
Howitzer market volumes distribution over forecast period by Region
The war in Ukraine and its impact
North America
Europe

Leading Companies

BAE Systems
Elbit Systems
Excalibur Army
Hanwha Defense
KNDS - KMW
KNDS - Nexter
Konstrukta Defense
MKEK
PGZ Group - HSW
RBSL (Rheinmetall BAE Systems Land)
Rheinmetall AG
Yugoimport

Segmentation

Region

North America
Asia Pacific
Europe
Middle East & Africa
Latin America

Mobility

Towed
Tracked
Wheeled

Calibre

105-149
150-200

For more information about this report visit https://www.researchandmarkets.com/r/2sco37

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