Asia Pacific Artillery Systems Market Forecast to 2031 - Regional Analysis - by Component (Gun Turret, Fire Control System, Ammunition Handling System, Auxiliary System, and Others), Range (Short Range, Medium Range, and Long Range), Caliber (Small Caliber, Medium Caliber, and Large Caliber), and Type (Howitzer, Mortar, and Rocket Artillery)

March 2025 | 143 pages | ID: A33808F9DFC5EN
The Insight Partners

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The Asia Pacific artillery systems market was valued at US$ 3,118.94 million in 2023 and is expected to reach US$ 6,646.75 million by 2031; it is estimated to register a CAGR of 9.9% from 2023 to 2031.

Deployment of Countermeasure Systems Boosts Asia Pacific Artillery Systems Market

The changing geopolitical scenario worldwide boosts the requirement for strong defense countermeasure systems. The constant tension between the nations such as Russia-Ukraine, India-China, Pakistan-India, Israel-Palestine, and US-China is compelling their governments to strengthen their respective armed forces, which is also propelling the procurement of warfare systems such as different types of mortars and howitzers. Hence, the armed forces across different countries are investing in procuring artillery systems such as surface-to-air rocket artillery, self-propelled howitzers, early warning systems, and border surveillance systems. BAE Systems and Lockheed Martin Corporation are among the companies focusing on developing defense countermeasure systems, including radar systems, artillery systems, communication and surveillance systems, and navigation devices. Thus, the increasing procurement and deployment of countermeasure systems is expected to fuel the growth of the artillery systems market in the coming years.

Asia Pacific Artillery Systems Market Overview

The Asia Pacific artillery systems market plays a pivotal role in shaping the military capabilities of nations, influencing defense strategies, and contributing to geopolitical dynamics. With a multifaceted landscape influenced by technological advancements, security threats, and international collaborations, the artillery systems market is characterized by ongoing modernization efforts, diversification of capabilities, and the integration of cutting-edge technologies. The demand for diversified artillery capabilities is a key factor shaping the global market. Nations seek artillery systems that can address a spectrum of operational scenarios, from conventional warfare to counterinsurgency operations. This diversification includes the development and acquisition of various artillery types, such as towed howitzers, self-propelled artillery, rocket launchers, and mortars. The goal is to possess a versatile artillery portfolio that can respond effectively to different threats and terrains.

Collaborations and partnerships between nations and defense contractors are common in the Asia Pacific artillery systems market. International alliances contribute to technology transfer, joint development programs, and the exchange of expertise. The contract, awarded by the Department of Defense (DoD), spans a duration of 10 years, running from January 1, 2024, to December 31, 2033.

Emerging markets, particularly in regions such as Asia Pacific and the Middle East, are key contributors to the growth of the global artillery systems market. Increased defense budgets, territorial tensions, and emphasis on indigenous defense capabilities characterize these regions. Governments in emerging markets are actively procuring artillery systems to build robust defense postures and reduce dependency on foreign suppliers. The procurement trends in these regions include a mix of imported systems and indigenous development initiatives.

Geopolitical considerations significantly influence the Asia Pacific artillery systems market. Strategic rivalries, territorial disputes, and regional conflicts drive the demand for artillery capabilities. Nations often align their procurement strategies with perceived threats and geopolitical realities. The arms race and military build-up in certain regions contribute to the growth of the artillery market as countries strive to maintain strategic parity or superiority.

Asia Pacific Artillery Systems Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Artillery Systems Market Segmentation

The Asia Pacific artillery systems market is categorized into component, range, caliber, type, and country.

Based on component, the Asia Pacific artillery systems market is segmented into gun turret, fire control system, ammunition handling system, auxiliary system, and others. The fire control system segment held the largest Asia Pacific artillery systems market share in 2023.

In terms of range, the Asia Pacific artillery systems market is segmented into short range, medium range, and long range. The medium range segment held the largest Asia Pacific artillery systems market share in 2023.

By caliber, the Asia Pacific artillery systems market is divided into small caliber, medium caliber, and large caliber. The medium caliber segment held the largest Asia Pacific artillery systems market share in 2023.

Based on type, the Asia Pacific artillery systems market is categorized into howitzer, mortar, and rocket artillery. The howitzer segment held the largest Asia Pacific artillery systems market share in 2023.

Based on country, the Asia Pacific artillery systems market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific artillery systems market share in 2023.

BAE Systems Plc, Lockheed Martin Corp, Elbit Systems Ltd, Rheinmetall AG, and Singapore Technologies Engineering Ltd are some of the leading companies operating in the Asia Pacific artillery systems market.

Reason to buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific artillery systems market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific artillery systems market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific artillery systems market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
The List of Companies - Asia Pacific Artillery Systems Market
  • BAE Systems Plc
  • Lockheed Martin Corp
  • Elbit Systems Ltd
  • Rheinmetall AG
  • Singapore Technologies Engineering Ltd
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macro-economic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country level data:

4. ASIA PACIFIC ARTILLERY SYSTEMS MARKET LANDSCAPE

4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis

5. ASIA PACIFIC ARTILLERY SYSTEMS MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
  5.1.1 Rising Global Military Expenditure
  5.1.2 Increasing Number of Contracts for Supply of Artillery Systems
5.2 Market Restraints
  5.2.1 Limited Space for Ammunitions in Artillery Systems
5.3 Market Opportunities
  5.3.1 Deployment of Countermeasure Systems
5.4 Future Trends
  5.4.1 Deployment of Self-Propelled Artillery Systems
5.5 Impact of Drivers and Restraints:

6. ARTILLERY SYSTEMS MARKET – ASIA PACIFIC MARKET ANALYSIS

6.1 Artillery Systems Market Revenue (US$ Million), 2021–2031
6.2 Artillery Systems Market Forecast Analysis

7. ASIA PACIFIC ARTILLERY SYSTEMS MARKET ANALYSIS – BY COMPONENT

7.1 Gun Turret
  7.1.1 Overview
  7.1.2 Gun Turret: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Fire Control System
  7.2.1 Overview
  7.2.2 Fire Control System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Ammunition Handling System
  7.3.1 Overview
  7.3.2 Ammunition Handling System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Auxiliary System
  7.4.1 Overview
  7.4.2 Auxiliary System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Others
  7.5.1 Overview
  7.5.2 Others: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

8. ASIA PACIFIC ARTILLERY SYSTEMS MARKET ANALYSIS – BY RANGE

8.1 Short Range
  8.1.1 Overview
  8.1.2 Short Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Medium Range
  8.2.1 Overview
  8.2.2 Medium Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Long Range
  8.3.1 Overview
  8.3.2 Long Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

9. ASIA PACIFIC ARTILLERY SYSTEMS MARKET ANALYSIS – BY CALIBER

9.1 Small Caliber
  9.1.1 Overview
  9.1.2 Small Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Medium Caliber
  9.2.1 Overview
  9.2.2 Medium Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Large Caliber
  9.3.1 Overview
  9.3.2 Large Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

10. ASIA PACIFIC ARTILLERY SYSTEMS MARKET ANALYSIS – BY TYPE

10.1 Howitzer
  10.1.1 Overview
  10.1.2 Howitzer: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Mortar
  10.2.1 Overview
  10.2.2 Mortar: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Rocket Artillery
  10.3.1 Overview
  10.3.2 Rocket Artillery: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)

11. ASIA PACIFIC ARTILLERY SYSTEMS MARKET – COUNTRY ANALYSIS

11.1 Asia Pacific
  11.1.1 Asia Pacific Artillery Systems Market Overview
  11.1.2 Asia Pacific: Artillery Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
    11.1.2.1 Asia Pacific: Artillery Systems Market – Revenue and Forecast Analysis – by Country
    11.1.2.2 Australia: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
      11.1.2.2.1 Australia: Artillery Systems Market Breakdown, by Component
      11.1.2.2.2 Australia: Artillery Systems Market Breakdown, by Range
      11.1.2.2.3 Australia: Artillery Systems Market Breakdown, by Caliber
      11.1.2.2.4 Australia: Artillery Systems Market Breakdown, by Type
    11.1.2.3 China: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
      11.1.2.3.1 China: Artillery Systems Market Breakdown, by Component
      11.1.2.3.2 China: Artillery Systems Market Breakdown, by Range
      11.1.2.3.3 China: Artillery Systems Market Breakdown, by Caliber
      11.1.2.3.4 China: Artillery Systems Market Breakdown, by Type
    11.1.2.4 India: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
      11.1.2.4.1 India: Artillery Systems Market Breakdown, by Component
      11.1.2.4.2 India: Artillery Systems Market Breakdown, by Range
      11.1.2.4.3 India: Artillery Systems Market Breakdown, by Caliber
      11.1.2.4.4 India: Artillery Systems Market Breakdown, by Type
    11.1.2.5 Japan: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
      11.1.2.5.1 Japan: Artillery Systems Market Breakdown, by Component
      11.1.2.5.2 Japan: Artillery Systems Market Breakdown, by Range
      11.1.2.5.3 Japan: Artillery Systems Market Breakdown, by Caliber
      11.1.2.5.4 Japan: Artillery Systems Market Breakdown, by Type
    11.1.2.6 South Korea: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
      11.1.2.6.1 South Korea: Artillery Systems Market Breakdown, by Component
      11.1.2.6.2 South Korea: Artillery Systems Market Breakdown, by Range
      11.1.2.6.3 South Korea: Artillery Systems Market Breakdown, by Caliber
      11.1.2.6.4 South Korea: Artillery Systems Market Breakdown, by Type
    11.1.2.7 Rest of Asia Pacific : Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
      11.1.2.7.1 Rest of Asia Pacific : Artillery Systems Market Breakdown, by Component
      11.1.2.7.2 Rest of Asia Pacific : Artillery Systems Market Breakdown, by Range
      11.1.2.7.3 Rest of Asia Pacific : Artillery Systems Market Breakdown, by Caliber
      11.1.2.7.4 Rest of Asia Pacific : Artillery Systems Market Breakdown, by Type

12. COMPETITIVE LANDSCAPE

12.1 Company Positioning & Concentration
12.2 Impact of Geopolitical War

13. INDUSTRY LANDSCAPE

13.1 Overview
13.2 Market Initiative

14. COMPANY PROFILES

14.1 BAE Systems Plc
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 Lockheed Martin Corp
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 Elbit Systems Ltd
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 Rheinmetall AG
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments
14.5 Singapore Technologies Engineering Ltd
  14.5.1 Key Facts
  14.5.2 Business Description
  14.5.3 Products and Services
  14.5.4 Financial Overview
  14.5.5 SWOT Analysis
  14.5.6 Key Developments

15. APPENDIX

15.1 About The Insight Partners

LIST OF TABLES

Table 1. Asia Pacific Artillery Systems Market Segmentation
Table 2. Military Expenditure of Top Five Countries (2021–2023)
Table 3. Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Asia Pacific Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 5. Asia Pacific Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Range
Table 6. Asia Pacific Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Caliber
Table 7. Asia Pacific Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 8. Asia Pacific: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 9. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 10. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range
Table 11. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber
Table 12. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 13. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 14. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range
Table 15. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber
Table 16. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 17. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 18. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range
Table 19. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber
Table 20. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 21. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 22. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range
Table 23. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber
Table 24. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 25. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 26. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range
Table 27. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber
Table 28. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 29. Rest of Asia Pacific : Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 30. Rest of Asia Pacific : Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Range
Table 31. Rest of Asia Pacific : Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Caliber
Table 32. Rest of Asia Pacific : Artillery Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type

LIST OF FIGURES

Figure 1. Asia Pacific Artillery Systems Market Segmentation, by Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem Analysis
Figure 4. Asia Pacific Artillery Systems Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Artillery Systems Market Revenue (US$ Million), 2021–2031
Figure 7. Asia Pacific Artillery Systems Market Share (%) – by Component (2023 and 2031)
Figure 8. Gun Turret: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Fire Control System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Ammunition Handling System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Auxiliary System: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Others: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Asia Pacific Artillery Systems Market Share (%) – by Range (2023 and 2031)
Figure 14. Short Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Medium Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Long Range: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Asia Pacific Artillery Systems Market Share (%) – by Caliber (2023 and 2031)
Figure 18. Small Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Medium Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Large Caliber: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Asia Pacific Artillery Systems Market Share (%) – by Type (2023 and 2031)
Figure 22. Howitzer: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Mortar: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Rocket Artillery: Artillery Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Asia Pacific: Artillery Systems Market Revenue, by Key Countries, 2023 and 2031 (%)
Figure 26. Asia Pacific: Artillery Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 27. Australia: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. China: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. India: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Japan: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. South Korea: Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Rest of Asia Pacific : Artillery Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Company Positioning & Concentration


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