The global artillery system market is experiencing a significant growth due to surge in cross-border conflicts. Rocket artillery system is a long-range weapon. Artillery fires munition far beyond the range of infantry & tank. Artillery gun aims & fires a projectile without relying on the direct line of sight between the target and artillery gun. Hence, artillery gun uses various system to track & locate target out of its line of sight. Various artillery systems include target acquisition system, communication system, and command & control system, among others. Artillery systems are used extensively for delivering close supporting fire to suppress and neutralize enemy forces in battle.
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Key Market Players
- BAE Systems
- General Dynamics
- Denel SOC Ltd
- Hanwha Group
- Elbit Systems
- ST Engineering
- Lockheed Martin
- IMI Systems
- Avibras
- RUAG Group.
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COVID-19 scenario analysis:
Artillery manufacturers are forced to shut down production operations due to supply chain disruption caused by the government policies to slow the spread of COVID-19.
Defense contractors are facing short-term operational issues due to lack of workforce, owing to travel restrictions imposed by authorities all over the world to control the COVID-19 outbreak.
Artillery gun shell manufacturers are also unable to produce and supply shells to the military agencies owing to the trade restrictions allowing only supply of essentials such as food and safety equipment.
Governments are diverting all financial resources to combat COVID-19 pandemic; hence, procurement and deployment of artillery system will be adversely affected.
Travel ban imposed by authorities in the wake of COVID-19 will hamper the testing and development of artillery system due to defense system developer’s reliance on international workforce.
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Key benefits of the report:
- This study presents the analytical depiction of the global rocket artillery system industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global rocket artillery system market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global rocket artillery system market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global rocket artillery system market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions answered in the rocket artillery system market research report:
- Which are the leading market players active in the rocket artillery system market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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