Global Artillery and Systems Market Size, Growth and Market Profile 2015-2025: Hexa Reports

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Global Artillery and Systems Market Share, Size, Emerging

Trends, Growth, Market Profile, Strategic Insights and

Future Outlook 2015-2025

Summary

Global spending on artillery and systems is expected to register a CAGR of 3.64% over the forecast

period, primarily due to the procurement anticipated 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 worldwide and the increasing demand for training systems is also anticipated to have a

positive impact on demand. Furthermore, modernization initiatives are focusing on the upgrade of

existing firearms and the induction of new advanced models are also expected to encourage spending.

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Key Findings

The global artilleries and systems market is expected to be worth US$3.6 billion in 2015 and is expected

increase to US$5.2 billion by 2025.

The Asia Pacific region is estimated to account for the largest share of 56% in the global artillery and

systems market, with the region accounting for a cumulative spending of US$30.2 billion over the

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forecast period. The region will be followed by North America and Europe, with respective spending of

US$9.9 billion and US$8.9 billion during 2015-2025

In terms of segments, self-propelled artillery, towed artillery and other artillery systems are expected to

be the top three segments in the global artillery systems market over the forecast period: the selfpropelled artillery segment is expected to account for 51% of the total market, the towed artillery

segment is estimated to comprise 35%, the other artillery...