The global artillery systems market was valued at USD 4.39 Billion in 2024. It is projected to reach USD 5.88 Billion by 2033, growing at a CAGR of 3.15% during the forecast period 2025-2033. The market growth is driven by rising defense budgets, advances in technology, and increasing geopolitical tensions enhancing demand for precise, long-range artillery. North America currently leads the market, accounting for a 35.0% share in 2024.
The global Artillery Systems Market Forecast indicates steady growth driven by rising defense modernization programs, increasing geopolitical tensions, and the need for long-range, high-precision firepower. Advancements in automated fire control systems, smart munitions, and mobile artillery platforms are transforming battlefield capabilities. Additionally, growing investments in military technology and the adoption of next-generation howitzers, rocket systems, and self-propelled artillery are supporting a strong Artillery Systems Market Forecast in the coming years.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
Artillery Systems Market Key Takeaways
- Current Market Size: USD 4.39 Billion in 2024
- CAGR: 3.15% during 2025-2033
- Forecast Period: 2025-2033
- North America dominates with 35.0% market share in 2024.
- The increasing defense budgets and modernization programs are major market drivers.
- Technological advancements include precision munitions, automation, and AI integration.
- Rising global geopolitical tensions and military engagements boost demand.
- The United States is a leading market disruptor with substantial investments and innovations.
- Mobility and rapid deployment capabilities are increasingly important for artillery design.
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Market Growth Factors
Growing defense budgets globally have been a significant driver for the artillery systems market. The total global military expenditure reached USD 2443 Billion in 2023, marking a 6.8% real increase from 2022—the steepest rise since 2009. Leading spenders such as the United States, China, and Russia all increased military allocations. For example, the UK government announced a plan in April 2024 to raise its defense budget to 2.5% of GDP by 2030. These increasing budgets support modernization initiatives focused on enhancing long-range strike capabilities and military readiness, directly impacting artillery system procurement and upgrades.
Technological advancements are transforming artillery system functionality and effectiveness. Innovations in precision-guided munitions, automation, and artificial intelligence (AI) integration enhance targeting accuracy and operational efficiency. In January 2024, France enhanced the CAESAR self-propelled howitzer’s firing precision using Helsing AI, a startup specializing in military AI applications. Such technologies minimize collateral damage and improve effectiveness in complex combat settings, thereby creating positive market prospects for advanced automated and AI-enabled artillery solutions.
Escalating geopolitical tensions and regional conflicts continue to elevate the demand for robust artillery systems. Nations prioritize developing artillery capabilities to maintain strategic advantages in volatile areas. From 2014–18 to 2019–23, European states nearly doubled arms imports (+94%), while Asia, Oceania, and the Middle East—home to nine of the top ten largest arms importers—saw even larger volumes. The United States increased arms exports by 17% during this period, whereas Russia’s exports halved, underscoring shifting defense dynamics. Such geopolitical factors drive continuous artillery system modernization and expansion globally.
Market Segmentation
By Type:
- Rocket
- Anti-Air
- Howitzer
- Mortar
- Others
*Howitzer leads with 43.2% market share in 2024, favored for versatility, high mobility, long-range firepower, and precision suitable for offensive and defensive operations.*
By Component:
- Fire Control System
- Chassis
- Engine
- Gun Turret
- Others
*Fire control systems drive precision targeting and timely responses through advanced sensors, AI, and real-time data processing. Robust chassis ensure mobility and durability. Power engines enhance speed and repositioning ability. Gun turrets provide firepower, precision, and adaptability for multiple target engagement.*
By Caliber:
- Small
- Medium
- Heavy
*Small calibers offer portable, rapid-firing support effective in close-range and urban warfare. Medium calibers balance range, firepower, and mobility for versatile engagement. Heavy calibers deliver long-range firepower for strategic bombardment against fortified positions.*
By Range:
- Short-range
- Medium range
- Long-range
*Short-range artillery leads market share in 2024, valued for effectiveness in close combat, rapid deployment, and immediate infantry support in urban and rugged terrains.*
By End User:
- Aerospace and Defense
- Homeland Security
*Aerospace and defense accounts for 83.8% market share in 2024, driven by precision-strike requirements and modernization. Homeland security demand stems from border defense, counter-terrorism, and crisis management needs.*
Regional Insights
North America is the dominant region, holding over 35.0% of the artillery systems market share in 2024. The US alone represents 88.30% of the North American market. US defense spending reached USD 820 Billion in FY 2023, about 13% of federal spending, with continued emphasis on next-generation artillery systems and AI integration. This focus on innovation, along with ongoing regional military engagements, sustains North America’s market leadership and growth momentum.
Recent Developments News
In April 2025, India placed an order for 100 additional K9 Vajra-T self-propelled artillery systems through a USD 253 Million deal between Hanwha Aerospace and Larsen Toubro, reflecting growing defense cooperation with South Korea. Ukraine boosted production of its 155mm Bohdana 2S22 artillery system from six units monthly in 2023 to over 20 in 2025, supported by European defense partners. In March 2025, India secured a ₹7,000 crore deal for 307 ATAGS towed artillery guns and 327 gun-towing vehicles, developed by DRDO and manufactured by Bharat Forge and Tata Advanced Systems. January 2025 saw the US Army awarding BAE Systems a contract to develop a Multi-Domain Artillery Cannon prototype with hypersonic projectile capability, including plans for live-fire tests by 2028. Armenia procured an Indo-French artillery gun system in January 2025, developed jointly by Bharat Forge and Nexter Systems, to boost regional defense amid tensions.
Key Players
- Avibras Industria Aeroespacial
- BAE Systems plc
- Denel Soc Ltd
- Elbit Systems Ltd.
- General Dynamics Corporation
- Hanwha Group
- Leonardo SpA
- Lockheed Martin Corporation
- Nexter group KNDS
- Rostec
- RUAG Holding
- Singapore Technologies Engineering
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