Global Artillery & Systems Market to Rise at Modest CAGR to 2027, Predicts SDI in Its In-Demand Research Study Available at MarketPublishers.com25 Jan 2018 • by Natalie Aster
LONDON – Today, the developing countries like China, Brazil, India and Russia are spending heavily on the modernisation of their ground forces capabilities by procuring modern weapons (including mortars, howitzers, etc.). Steady upgrade of weapons and arms by different militaries is predicted to maintain strong demand for newer artillery platforms in the foreseeable future.
The world’s artillery and systems market stood at the value of around USD 7.3 billion in the past year. This market is poised to rise at a modest 3.64% CAGR up till 2027 to amount to USD 10.4 billion.
Through to 2027, the overall market will likely be dominated by the turret systems segment, accounting for a share of 34.9%. It will be followed by the self-propelled artillery systems segment with a share of 32% and the towered artillery systems segment with a share of 21.5%.
The in-demand research report “The Global Artillery and Systems Market 2017-2027” elaborated by Strategic Defence Intelligence (SDI) offers access to an in-depth study of the world’s market for artillery and systems, featuring the historical development patterns and the present scenario of the market as well as evaluating future growth prospects and providing an all-round future outlook through to 2027.
This publication includes a detailed analysis of the market landscape, sheds light on the market dynamics covering the major growth influencing forces, discusses the major growth challenges and emerging opportunities, casts light on the prevailing trends. Besides, this study includes a snapshot of major spending and modernisation patterns in various regions across the globe. The report reviews the most recent industry developments, touches upon the noteworthy technological developments and investigates the present situation across the major market segments with details on size, shares and growth rates. Moreover, this research study highlights the key programs across various segments that are anticipated to be executed through to 2027. In-depth insights into the competitive environment and vital data on the leading market participants are provided in this report.
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