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Artillery Propulsion System Market Size, Share & Russia Ukraine War Impact Analysis, By Component (Propellant, Igniter, Primer System, and Others), By Caliber Size (Small (Upto 155mm), Medium (155mm to 203mm) and Large (Above 203mm)), By Range (Short-Range, Medium-Range, and Long-Range), Application (Airborne, Land, and Naval), and Regional Forecast, 2024-2032
Report Format: CLOUD | Published Date: Ongoing | Report ID: FBI108147 | Status : UpcomingAn artillery propulsion system refers to the components and mechanisms responsible for propelling projectiles used in artillery systems. It is a crucial element that provides the necessary force to launch projectiles with accuracy and desired range. The system typically consists of various components, including propellant charges, casings, igniters, and other related equipment. The artillery propulsion system market is predicted to display commendable progress during the forecast period of 2024-2032.
Artillery propulsion systems utilize the principles of combustion and gas expansion to generate the necessary propulsion force. When a projectile is loaded into the artillery system, the propellant charge, typically in the form of a solid or liquid propellant, is ignited. The combustion of the propellant generates hot gases that rapidly expand, exerting pressure on the base of the projectile. This pressure propels the projectile out of the artillery barrel and towards the target.
The increasing defense budgets of various countries around the world are aniticipated to boost the growth of the artillery propulsion system market. Additionally, geopolitical tensions and the need to modernize military capabilities, are fueling the demand for advanced artillery systems. This, in turn, drives the demand for innovative and efficient propulsion systems.
Furthermore, technological advancements technological advancements in the field of artillery propulsion systems are driving artillery propulsion system industry growth. The development of advanced propellants, improved manufacturing techniques, and integration of digital technologies have led to enhanced performance, increased range, and better accuracy of artillery systems. These advancements attract military forces to invest in upgrading their artillery capabilities, driving the demand for propulsion systems.
However, stringent regulations and export control policies imposed by governments to prevent the unauthorized proliferation of military technologies can limit the growth potential of the artillery propulsion system industry. Additionally, the high cost associated with the research, development, and production of advanced propulsion systems poses a challenge for smaller defense manufacturers and emerging economies.
Russia-Ukraine War Impact on Artillery Propulsion System Industry:
The Russia-Ukraine war has a significant impact on the global Artillery Propulsion System industry. The conflict has led to increased demand for advanced artillery systems as countries seek to bolster their defense capabilities. This has created a surge in the need for efficient, accurate, and long-range artillery propulsion systems. Manufacturers are investing in research and development to improve system performance. However, geopolitical tensions have caused supply chain disruptions and export restrictions, affecting production and distribution. Countries are also diversifying suppliers to reduce dependence on specific regions. The industry faces both opportunities and challenges as it adapts to the evolving demands of defense organizations in a changing geopolitical landscape.
The artillery propulsion system market, by component the market is segmented into propellanr, igniter, primer system and others. By caliber size the market is bifurcated small (upto 155mm), medium (155mm to 203mm), large (above 203mm). By range the market is divided into short-range, medium-range, and long-range. By application, the market is segregated into airborne, land and naval.
Key Insights
The report will include the following key insights:
- The report analyzes a detailed industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the artillery propulsion systems market based on various segments.
- The report also analyzes comprehensive PEST analysis for all five regions, i.e., North America, Europe, Asia Pacific, Rest of the World, after evaluating economic, social, political, and technological factors affecting the impact of the cargo drones market in these regions.
Regional Analysis
North America holds a significant share in the artillery propulsion system market, driven by robust defense expenditure, technological advancements, and a strong presence of key market players. The United States is a major contributor to the market in this region, with a focus on modernizing its artillery systems. The Asia Pacific region is witnessing substantial growth in the artillery propulsion system market. Rising defense budgets, geopolitical tensions, and the focus on strengthening military capabilities contribute to market growth. Countries such as China, India, and South Korea are major contributors for the demand for artillery systems in this region.
Key Players
- Avibras Industrial 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
Artillery Propulsion System Market Segmentation
By Component | By Caliber Size | By Range | By Application | By Region |
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Recent Developments
- In February 2023, The Netherlands received approval to purchase 20 HIMARS launchers. According to the Pentagon's senior arms broker, the United States has approved sales of 20 new M142 high mobility artillery rocket launchers to the Netherlands.
- In October 2022, Lockheed Martin will construct an artillery launcher for long-range smart weapons. Transportable by C-17 and C-5 aircraft, the GMLRS is a large tracked mobile munitions launcher. An updated version of the MLRS is M270A2. The contract is worth USD 476.8 million.
- Global
- 2023
- 2019-2022