This news is classified in: Defense Combat Vehicles / Artillery
Apr 24, 2024
Even though military technology has advanced significantly in areas such as cybersecurity, unmanned systems and telecommunications, among several other ones, boots on the ground are the determining factor for victory and the need to support them by artillery fires remains unchanged as a critical factor. Just like during the two world wars, the shift to near-peer or peer-to-peer conflicts, such as the one taking place in Ukraine, show that artillery systems are key for the outcome of operations.
As we currently observe, the tempo of this kind of operations will be high. That translates into high volumes of ammunition consumed and increased losses of lives and equipment. The industry is trying to increase production of ammunition and equipment to cover the gaps created after the donation or sale of equipment and ammunition to Ukraine, and for the continuation of the support to the Ukrainian Armed Forces.
The howitzer market is better consolidated as opposed to other segments (e.g. ammunition), with limited companies producing howitzers in every region. During the Cold War the US dominated the market with its howitzers being used by most of the countries of the western world. However, that gradually changed with local companies expanding their market share making it more competitive compared to a few decades ago.
Market forecasts by Calibre, Mobility, and Region. Country Analysis, Market and Technology Overview, Opportunities and Impact Analysis, and Leading Company Profiles
Download free sample pages More informationA study from Market Forecast Amsterdam shows that the global howitzer systems market is projected to grow with a 10.1% CAGR throughout the 2024-2032 period, to reach a total volume of US$72.1 billion over this period. Based on data collected for all the inventories and future, stated or derived opportunities, the "Howitzers Systems - Market and Technology Forecast to 2032" study provides the reader with:
