Artillery Systems Market to Reach $19.01 Billion by 2035

Artillery systems market was valued at $11.88 billion in 2025 and is projected to reach $19.01 billion by 2035, growing at a CAGR of 4.8% during the forecast period (2026–2035). The increasing global defense expenditure and modernization of armed forces are acting as key macro drivers supporting market growth. According to data from the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached over $2.4 trillion in 2024, reflecting continued geopolitical tensions and national security priorities. Artillery systems remain critical for long-range firepower, battlefield dominance, and precision strike capabilities, leading to sustained procurement and upgrade programs across both developed and emerging economies. The integration of advanced targeting, mobility, and automated fire control systems is further enhancing operational efficiency and driving demand across modern defense infrastructures.

Browse the full report description of “Artillery Systems Market Size, Share & Trends Analysis Report, By Product Type (Towed Artillery Systems, Self-Propelled Artillery Systems, Rocket Artillery Systems (MLRS), Mortar Systems), By Technology Type (Conventional Artillery Systems, Automated / Digitized Artillery Systems, Precision-Guided Artillery Systems), By Ammunition Type (High-Explosive (HE), Smoke & Illumination, Precision-Guided Munitions (PGMs), Rocket-Assisted Projectiles), By End-User (Army (Land Forces), Marine Forces), Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/artillery-system-market

Army (land forces) continue to dominate the end-user segment due to their extensive reliance on artillery systems for ground combat operations, while marine forces are increasingly adopting mobile and precision-guided artillery platforms to enhance expeditionary capabilities. The growing deployment of precision-guided munitions (PGMs) and digitized artillery systems is transforming conventional warfare strategies. According to the International Institute for Strategic Studies (IISS), global armed forces are prioritizing long-range precision strike systems, with several countries increasing procurement budgets for artillery modernization programs between 2022 and 2025. This shift is reinforcing demand for technologically advanced artillery systems across multiple regions.

NATO Defense Spending and Artillery Modernization

In Europe, rising geopolitical tensions have accelerated defense spending and artillery system upgrades. NATO reported that in 2024, over 23 member countries met or exceeded the 2% GDP defense spending target, compared to only 7 countries in 2014. This increase is driving significant investments in artillery modernization programs, including self-propelled and rocket artillery systems. Countries such as Germany, Poland, and France are actively expanding artillery capabilities to strengthen regional security. The focus on rapid deployment, precision targeting, and interoperability within allied forces is boosting demand for advanced artillery systems across the European defense sector.

Asia-Pacific Military Expansion Supporting Market Growth

The Asia-Pacific region is witnessing strong growth in demand for artillery systems due to increasing military budgets and regional security concerns. According to the Stockholm International Peace Research Institute (SIPRI), countries such as China and India have consistently increased defense spending, with India allocating over $75 billion to defense in 2024. These investments are supporting the procurement of advanced artillery systems, including rocket artillery and precision-guided munitions. Additionally, ongoing border tensions and modernization initiatives are encouraging domestic production and technological innovation, further strengthening market growth in the region.

Key Leaders Transforming the Artillery Systems Market

The key players in the artillery systems market include Lockheed Martin, BAE Systems, Hanwha Aerospace, KNDS Group, Rheinmetall AG, among others. These companies are focusing on advanced artillery technologies such as automated fire control systems, long-range precision strike capabilities, and integration of digital battlefield systems to enhance operational effectiveness.

• In March 2026, Rheinmetall AG entered into a strategic partnership with Boeing Defence Australia to offer the MQ-28 Ghost Bat autonomous collaborative combat aircraft for Germany’s Bundeswehr, targeting deployment by 2029. The partnership focuses on system integration, adaptation to national requirements, and strengthening Germany’s defense industrial base. This collaboration is expected to enhance Rheinmetall’s revenue potential and accelerate the deployment of advanced autonomous combat capabilities.
• In March 2026, Hanwha Impact announced the integration of its subsidiaries Hanwha Power Systems and PSM (Power Systems Mfg., LLC) under a unified brand, “Hanwha Power,” to strengthen its position in the global power generation market. The integration enables the company to offer comprehensive energy infrastructure solutions, covering equipment, auxiliary systems, and lifecycle services. This strategic move enhances capabilities in high-efficiency gas turbines and low-carbon energy solutions, including hydrogen and ammonia-based power generation, supporting the transition toward sustainable energy systems.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segment Covered-
• By Product Type
• By Technology Type
• By Ammunition Type
• By End-User
• Regions Covered-
• North America
• Europe
• Asia-Pacific
• Rest of the World
• Competitive Landscape – Lockheed Martin, BAE Systems, Hanwha Aerospace, KNDS Group, Rheinmetall AG, among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Artillery Systems Market Report Segment

By Product Type

• Towed Artillery Systems
• Self-Propelled Artillery Systems
• Rocket Artillery Systems (MLRS)
• Mortar Systems

By Technology Type

• Conventional Artillery Systems
• Automated / Digitized Artillery Systems
• Precision-Guided Artillery Systems

By Ammunition Type

• High-Explosive (HE)
• Smoke & Illumination
• Precision-Guided Munitions (PGMs)
• Rocket-Assisted Projectiles

By End-User

• Army (Land Forces)
• Marine Forces

Global Artillery Systems Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

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