155MM Artillery Systems Market 2024-2032 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Key Insights

The 155MM Artillery Systems Market size was valued at USD 8.54 USD Billion in 2023 and is projected to reach USD 29.06 USD Billion by 2032, exhibiting a CAGR of 19.12 % during the forecast period. 155mm artillery systems are modern systems of weapons used by the army for delivering accurate and intense artillery fire. These systems are of different kinds; such as towed artillery systems, self-propelled gun systems, and wheeled howitzer systems. Towed artillery equipment is always in trailers to ease transportation and can be easily placed in the appropriate field. An example of mounted hard weapons, self-propelled guns are artillery guns that have a vehicle chassis which gives mobility and protection to the crew. The wheeled howitzers are mobile which makes it easy to move from one terrain to the other without much of a challenge. Its features include longer reach capabilities, new-age fire control systems as well as versatility in the type of projectiles that can be fired including high explosive, smoke, and precision-guided rounds. Such systems are applied for shelling enemy targets, fire support for maneuvering forces, and the type of bombardment in the attack and defense. 

155MM Artillery Systems Trends

• Increasing demand for self-propelled artillery systems, offering better mobility and survivability.
• Integration of advanced technologies, such as fire control systems, GPS guidance, and sensors, to enhance accuracy and range.
• Development of long-range artillery systems to meet evolving battlefield requirements.

Driving Forces: What's Propelling the 155MM Artillery Systems Market

• Rising geopolitical tensions and conflicts, increased the need for effective artillery support.
• Government initiatives to modernize and upgrade artillery fleets, are driven by technological advancements.
• Growing focus on precision strikes and reduced collateral damage in military operations.
• Proliferation of sophisticated threats, including asymmetric warfare and counter-insurgency operations.

Challenges and Restraints in the 155MM Artillery Systems Market

• High acquisition and operating costs, pose budgetary constraints for some countries.
• Limited availability of experienced artillery personnel, requiring specialized training and education.
• Technological complexities and maintenance challenges associated with advanced artillery systems.
• Ethical concerns regarding the use of long-range artillery in densely populated areas.

Emerging Trends in 155MM Artillery Systems

• Development of hypersonic and precision-guided artillery rounds, offering enhanced capabilities.
• Integration of unmanned aerial vehicles (UAVs) for reconnaissance and target acquisition.
• Focus on developing modular and scalable artillery systems, adaptable to various operational environments.

Growth Catalysts in 155MM Artillery Systems Industry

• Rising demand from emerging markets, including Asia-Pacific and the Middle East.
• Collaborations between industry players and research institutes for innovation and technological advancements.
• Government support for research and development programs to enhance artillery capabilities.
• Increasing adoption of advanced training technologies, such as simulators and virtual reality, to improve crew readiness.

Market Segmentation: 155MM Artillery Systems Analysis

By Range:

• Short (5-30 Km)
• Medium (30-50 Km)
• Long (50 Km and above)

By Mobility:

• Wheeled
• Tracked
• Towed

By Component Type:

• Gun Turret
• Engine
• Fire Control System
• Ammunition Handling System
• Chassis
• Auxiliary Systems

By Application:

• Land Warfare
• Naval Warfare

Leading Players in the 155MM Artillery Systems Market

• BAE Systems (U.K.)
• China North Industries Corporation (China)
• Denel SOC Ltd (South Africa)
• Nexter Systems (France)
• Avibras (Brazil)
• Lockheed Martin Corporation (U.S.)
• KMW+Nexter Defense Systems (Netherlands)
• Hanwha Group (South Korea)
• General Dynamics (U.S.)
• IMI Systems (Israel)

Significant developments in the 155MM Artillery Systems Sector

• BAE Systems' Archer Artillery System with a range of over 50 km.
• Nexter Systems' CAESAR 6x6 self-propelled howitzer with improved mobility and firepower.
• Lockheed Martin's M109A8 Paladin self-propelled howitzer with enhanced fire control and protection systems.

Comprehensive Coverage 155MM Artillery Systems Market Report

• Detailed market analysis and forecasts
• In-depth industry dynamics and trends
• Comprehensive company profiles of leading players
• Emerging technologies and growth opportunities
• Impact of geopolitical conflicts and security concerns

Regional Insight

• North America holds the largest market share due to advanced defense spending and technological advancements.
• Asia-Pacific is expected to witness significant growth driven by rising demand from regional conflicts and modernization efforts.
• Europe is a mature market with a focus on maintaining and upgrading existing artillery systems.
• Middle East and Africa are emerging markets with increasing defense budgets for artillery capabilities.