155MM Artillery Systems Market Size, Share and COVID-19 Impact Analysis, By Range (Short (5-30 Km), Medium (31-60 Km), and Long (Above 60 Km)), By Mobility (Wheeled, Tracked, and Towed), By Component Type (Gun Turret, Engine, Fire Control System, Ammunition Handling System, Chassis, and Auxiliary Systems), By Application (Land Warfare and Naval Warfare), and Regional Forecast, 2024-2032

Artillery guns are manufactured to supply fire support for armor and infantry services by firing munitions at superior distances than small arms and light weapons. Artillery gun refers specifically to self-propelled, towed, and emplaced guns designed for indirect fire and capable of hitting targets at a considerable range. Artillery guns can either be self-propelled or towed and armored, or unarmoured. However, technological advances to the 155 mm projectile are anticipated to push the ranges of the current artillery assets between 44 and 62 miles (70-99 km). Thus, the 155 mm artillery drives the market growth.

The system utilizes numerous improvements to enhance reliability and accuracy and to increase system survivability significantly. For instance, the M777A2 variant is equipped with a Digital Fire Control System (DFCS) that includes an inertial navigation unit with Global Positioning System backup, allowing it to self-locate. The increasing technological advancement in the 155mm artillery system will propel the market growth during the forecast period.

Impact of COVID-19 on the 155MM Artillery Systems Market

Artillery manufacturers were forced to shut down manufacturing operations due to disruption of the supply chain caused by the worldwide lockdown policies to slow the spread of COVID-19. However, defense contractors faced short operational issues due to a lack of workforce and travel restrictions. Additionally, due to trade restrictions, artillery gun shell manufacturers could not produce and supply shells to military agencies. Further, the government-imposed travel ban will hamper the testing and development of artillery systems; however, after the post-pandemic recovery, manufacturers have opened doors to allow production and will help the key players to propel the market in upcoming years.

Key Insights

The report will cover the following key insights:

• The report analyzes a detailed industry overview, including qualitative and quantitative information.


• It analyzes an overview and forecast of the global airborne countermeasures system market based on various segments.


• It also analyzes market size estimates and forecasts from the year 2021 to 2029, covering five major regions: North America, Europe, Asia-Pacific (APAC), rest of the World. The Airborne countermeasures system market by region will subsequently be divided into respective countries and segments.


• The report covers analysis and forecasts from 18 countries around the World, along with current trends and opportunities in the region.


• The report analyzes factors affecting the airborne countermeasures system market from both the demand and supply sides. It assesses market dynamics during the forecast period: H. Drivers, Restraints, future opportunities, and trends.


• The report also analyzes comprehensive PEST analysis for all five regions i.e., North America, Europe, APAC, rest of the World, after evaluating economic, economic, political, and technological factors affecting the impact of the Airborne countermeasures system market in these regions.

Regional Analysis

The Asia Pacific is a dominating region of the global 155mm artillery system market. It is likely to maintain its dominance during the forecast period. The increasing tensions between the countries in this region have encouraged the rapid modernization of the armed forces. North America is also one of the leading regions in terms of the defense industry. Europe is expected to grow during the forecast period. Hence, the war crisis between Russia and Ukraine creates a lucrative demand for artillery systems. An increase in investment in the defense industry in the region is propelling the market growth.

Key Players Covered

The report includes the profiles of key players such as 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+NexterDefense Systems (Netherlands), Hanwha Group (South Korea), General Dynamics (US) and IMI Systems (Israel) And others.

Segmentation

Key Industry Developments

• In September 2021, Nexter Group signed a cooperation agreement with Czech Republic-based company STV Group to supply shells and modular charges, which will be used for the Caesar artillery system.

• In September 2020, the French integrated structure for maintaining land equipment in operational condition (SIMMT) awarded the contract for second in-service support for the Caesar artillery system to Nexter Group. The contract will support the French army’s 77 Caesar artillery systems fleet. The period of the contract is seven years and four months.