Self-Propelled Artillery System Market Size, Share, and Russia-Ukraine War Impact Analysis, By Type (Howitzer, Rockets and Missiles, Anti-Air, Mortar, Anti-Tank, Naval, and Others), By Component (Chassis, Turret, Recoil Handling Mechanisms, Firing Control Mechanism, and Other Components), By Mobility (Tracked and Wheeled), By Range (Short Range (0-40KM), Medium Range (40KM-100KM), Long Range (Above 100KM)), By Caliber (Small Caliber, Medium Caliber, and Heavy Caliber), By Regional Forecast, 2024-2032

The global self-propelled artillery system market is undergoing notable growth, with a substantial CAGR expected during the forecast period leading up to 2032. A self-propelled artillery system is equipped with its propulsion system, which provides indirect artillery support to ground troops. It is mounted on a tracked or wheeled vehicle and can move quickly to different firing positions. It can be highly effective in both offensive and defensive operations. The demand for self-propelled artillery systems industry is high in war-hit nations like Ukraine, and European countries are providing these systems to Ukraine.

Self-propelled artillery systems, like anti-tank defense, anti-air defense, etc., are widely used in military warfare. The growing military infrastructure modernization efforts and rising demand for advanced, lightweight, durable, and sophisticated weapon systems with extended that can fire targets located at a distance more accurately. The room for automation and remote access technology is predicted to open new pathways for self-propelled artillery systems. Moreover, the rising demand for long-range artillery weapons is also expected to drive growth in the market.

Many economies significantly increased their defense expenditure due to increased cross-border conflicts and geopolitical tensions between Russia-Ukraine, India-China, and India-Pakistan. The Indian defense budget for 2023-24 is increased by 13% over 2022-23.

The market for self-propelled artillery systems is also anticipated to benefit from the growing demand for artillery systems with go-anywhere capabilities. In August 2022, Sweden and Norway will deliver self-propelled artillery systems industry from BAE Systems based on an all-terrain chassis. The self-propelled artillery systems with multi-terrain mobility can easily reach remote areas near borders and provide better defense against opponents.

The storage of self-propelled artillery systems requires huge storage facilities associated with high costs. High maintenance costs can also be a restraining factor in the market for self-propelled artillery systems.

Impact of Russia-Ukraine War Impact on the Self-Propelled Artillery System Market

The demand for anti-aircraft and anti-tank artillery guns rose due to the Russia-Ukraine war. Recently, in January 2023, Sweden provided Archer self-propelled howitzers to Ukraine. The reduction in the supply of fuel was a significant challenge in the defense industry. Furthermore, the sanctions imposed on Russia have restricted the supply of essential components required to produce weapon systems. These factors resulted in a significant decline in weapon systems and other defense equipment production. Overall, the Russia-Ukraine war and its impacts have dramatically affected the aerospace and defense industry.

Self-Propelled Artillery System Market Segmentation

The self-propelled artillery system market can be segmented by the component used: chassis, turret, recoil handling mechanisms, firing control mechanisms, and others. By Type, the market is segmented into howitzer, rockets and missiles, anti-air, mortar, anti-tank, naval, and others. By mobility, the market is divided into tracked and wheeled. By Range, short range (0-40KM), medium range (40KM-100KM), and long range (Above 100KM). By Caliber, small caliber, medium caliber, and heavy caliber. By geography, the market is studied across North America, Europe, Asia Pacific, and the Rest of the World

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 self-propelled artillery system 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 self-propelled artillery system market in these regions.

Regional Analysis

North America is expected to lead the self-propelled artillery system market owing to the fact that six out of the top ten defense contractors are from the North American region. Furthermore, early technology adoption and increased focus on innovation are also responsible for market dominance.

Europe is expected to have a significant market share, followed by Asia Pacific.

The Asia Pacific is expected to experience substantial growth due to the increasing defense budgets of India. Moreover, emphasis on these economies' in-house production of weapon systems is also expected to contribute to the growth in self-propelled artillery systems.

Key Players Covered

• Raytheon Technologies Corporation


• BAE Systems


• Aubert & Duval


• Elbit Systems Ltd


• General Dynamics Corporation


• Lockheed Martin Corporation


• Nexter Systems


• Denel Land Systems


• Leonardo S.p.A


• Uralvagonzavod-Rostec


• KMW


• Norinco Group Rheinmetall AG


• Others

Segmentation

Key Industry Developments

• In February 2023, U.K.-based BAE Systems was awarded USD 466 million contract by U.S. Army to supply M109A7 paladin self-propelled howitzer artillery. The agreement also includes the delivery of M992 artillery ammunition. The contract will be completed by December 2026.


• In August 2022, South Korean leading defense company Hanwa Defense bagged a USD 2.4 million contract to supply K9 self-propelled howitzers to Poland. The contract also includes the supply of K9 SPHs and 155mm artillery ammunition with training and logistics support.


• In October 2022, the governments of Germany, Denmark, and Norway joined hands to fund the production of 16 new 155mm Zuzana double-wheeled self-propelled guns. According to the USD 107 million contract, these NATO countries will provide the weapon system to the Ukrainian army.