Artillery System Market to Reach USD 40 Billion by 2035, Growing at a CAGR of 2.6% | Forecast (2025–2035)

Artillery System Market Overview:

The Artillery System Market is projected to grow from USD 30.9 billion in 2025 to USD 40 billion by 2035, at a CAGR of 2.6% during the forecast period. Market growth is primarily driven by increasing defense budgets, advancements in precision strike capabilities, and the modernization of artillery systems by leading military forces worldwide. Integration of smart technologies, enhanced mobility, and automated fire control systems are transforming traditional artillery into highly efficient combat assets. The Asia-Pacific and North American regions are expected to remain key contributors to market expansion due to ongoing defense modernization initiatives and rising geopolitical tensions.

What’s Driving Growth

Military Modernization: Several nations are pushing to upgrade their artillery capabilities — whether through new systems (self-propelled howitzers, rocket artillery, etc.) or via modernization of existing platforms.

Technological Advancement: Smart artillery systems, precision-guided munitions, automated targeting, advanced fire-control systems and integration of AI/data analytics are seen as pivotal in enhancing efficiency and accuracy.

Geopolitical Tensions & Security Needs: Heightened security concerns in volatile regions are pushing defense budgets up, fueling demand for responsive, long-range, and adaptable artillery solutions.

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Segment Insights — What’s Gaining Traction

Artillery Type: Self-propelled howitzers are expected to lead, benefiting from their mobility, speed of deployment, and flexibility on the battlefield compared to towed artillery.

Application: The core demand remains in the military and defense segments, but civil security is emerging as another area of interest, particularly for applications related to public safety or border security.

Caliber Size & Range: Heavy calibers and long-range artillery systems are particularly prominent, given their strategic significance. Medium and light calibers continue to grow too, especially for specific tactical or support roles.

Key Companies Profiled     

Raytheon Technologies, Lockheed Martin, General Dynamics, Thales Group, Mitsubishi Heavy Industries, Elbit Systems, HIMARS, Northrop Grumman, BAE Systems Hägglunds, Nammo, Hanwha Defense, Kongsberg Gruppen, Rheinmetall, Saab, BAE Systems

Regional Dynamics: Who’s Leading, Who’s Catching Up

North America remains the dominant market, both in terms of current valuation and continued investment.

Europe follows with steady expansion, influenced by defense cooperation, modernization initiatives, and concerns about interoperability especially among NATO countries.

Asia-Pacific is likely to show the highest growth rate over the forecast period, driven by rising military expenditure and regional security dynamics.

Other regions — Middle East & Africa (MEA), South America — are also expected to contribute, though growth is slower, reflecting both financial constraints and varied strategic priorities.

Opportunities & Challenges

Opportunities:

Emerging Markets with rising defense budgets represent untapped demand.

Innovation in precision-guided and smart systems could differentiate suppliers.

Modular systems and lighter artillery offering mobility and ease of logistics are likely to be in demand.

Sustainable design — materials, energy efficiency, maintenance — may become more significant as environmental concerns grow.

Challenges:

High development & production costs remain a barrier, particularly for cutting-edge systems.

Regulatory, export control, and compliance issues can slow deployment across borders.

Competition intensity among established players, as well as the entry of newer tech-oriented defense firms. 

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What to Watch in 2025-2035

Which nations ramp up investment in long-range and precision artillery.

How quickly AI / automation will be integrated into targeting and fire-control.

The shift toward self-propelled systems vs traditional towed artillery.

Partnerships or joint ventures aimed at lowering costs, increasing local production, or co-developing technologies.

How geopolitical shifts (conflicts, alliances) might accelerate or redirect procurement.

Final Word

The artillery system market, by Wise Guy’s estimation, is set for measured but steady growth through 2035, rising from about USD 30 billion today to around USD 40 billion. While the growth rate (~2.6% CAGR) is not explosive, the real story is in what kind of systems and where the investments will be made: long-range, precision, mobility, and smart systems in key regions. For defense contractors, governments, and innovators alike, this is a space where strategic foresight, technological agility, and robust partnerships will be the winning criteria.

Table of Contents

SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS

SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE

SECTION III: QUALITATIVE ANALYSIS

SECTION IV: QUANTITATIVE ANALYSIS

SECTION V: COMPETITIVE ANALYSIS ........

Explore our Global Report in Regional Languages:

砲兵システム市場  | Markt für Artilleriesysteme  | Marché des systèmes d'artillerie  | 포병 시스템 시장  | 火炮系统市场  | Mercado de sistemas de artillería

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