Wilmington, Delaware, United States, March 22, 2017 (GLOBE NEWSWIRE) -- The report “The Global Artillery and Systems Market Forecast 2026”, available on MarketIntelReports, estimates that the market revenue could reach $9.7 billion by 2026.
Browse numerous Market Tables as well as Figures which are spread through 117 Pages and an in-depth TOC on the “Artillery and Systems Market Forecast 2026” http://www.marketintelreports.com/report/df0102sr/the-global-artillery-and-systems-market-20162026
Scope & Regional Forecast of the Artillery and Systems Market
The demand for artillery and systems is primarily driven by the anticipated procurement by major defense spending countries that are currently involved in conflicts, and emerging economies involved in territorial disputes and countering insurgencies. In addition, the need to maintain a sufficient inventory of second line of fire artillery systems for militaries across the World and the increasing demand for training systems is also anticipated to have a positive impact on demand. Modernization initiatives undertaken by various countries are focusing on the upgrade of existing firearms and the induction of new advanced models such as self-propelled howitzer - XM 2001 and advanced Towed Artillery Gun System (ATAGS) are also expected to encourage spending.
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The global Artillery and Systems market is projected to value US$9.7 billion by 2026. The Artillery and Systems market is split into five segments: Turret Systems, Self Propelled-Artillery Systems, Towed-Artillery Systems, Mortars and Other Artillery Systems. The global Artillery and Systems market is expected to be led by the Asia Pacific with a share of more than 40% over the forecast period, followed by North America and Europe.
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Prominent Segmentations Involved in the Artillery and Systems Market
The Artillery and Systems Market can be broken down into various segmentations on the basis of -
- System Type: Turret Systems, Self Propelled-Artillery Systems, Towed-Artillery Systems, Mortars and Other Artillery Systems
- Geographical Location: North America, Asia-Pacific, Europe and Rest of the World.
Some of the sample companies profiled in the Artillery and Systems Market report are as follows:
- Elbit Systems
- Lockheed Martin
- BAE Systems
- Nexter Systems
- China North Industries Corporation
- Avibras
Why buy this report?
- Get a detailed picture of the Artillery and Systems Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A ten-year forecast method is used in order to assess how the market is predicted to develop.
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