WiseGuyReports published new report, titled “The Global Artillery and Systems Market”
New York, NY -- (SBWIRE) -- 01/16/2018 -- The Global Artillery and Systems Market 2016–2026 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for artillery equipment and related systems, key market trends, and challenges faced by industry participants.
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- The global Artillery and Systems market is projected to value US$9.7 billion by 2026.
- The Artillery and Systems market is split into five segments: Turret Systems, Self Propelled-Artillery Systems, Towed-Artillery Systems, Mortars and Other Artillery Systems. The global Artillery and Systems market is expected to be led by the Asia Pacific with a share of more than 40% over the forecast period, followed by North America and Europe.
The demand for artillery and systems is primarily driven by the anticipated procurement 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 across the World and the increasing demand for training systems is also anticipated to have a positive impact on demand. Modernization initiatives undertaken by various countries are focusing on the upgrade of existing firearms and the induction of new advanced models such as self-propelled howitzer - XM 2001 and advanced Towed Artillery Gun System (ATAGS) are also expected to encourage spending.
In particular, the report provides an in-depth analysis of the following:
- Market size and drivers: detailed analysis during 2016–2026, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world
- Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of artillery systems segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants
- Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
- Major programs: details of the key programs in each segment, which are expected to be executed during 2016-2026
- Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis
- Determine prospective investment areas based on a detailed trend analysis of the global Artillery and Systems market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different artillery systems segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global artillery and systems market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global artillery and systems market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top artillery systems providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
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