Europe Artillery Systems Market Size & Outlook, 2024-2030
The artillery systems market in Europe is expected to reach a projected revenue of US$ 3,434.5 million by 2030. A compound annual growth rate of 7.8% is expected of Europe artillery systems market from 2025 to 2030.
- Aerospace, Defense & Space
- Defense Systems
- Artillery Systems Market Outlook
- Defense Systems
Revenue, 2024 (US$M)
$2,193.2
Forecast, 2030 (US$M)
$3,434.5
CAGR, 2025 - 2030
7.8%
Report Coverage
Europe
Europe Artillery Systems Market, 2018-2030 (US$M)
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Europe artillery systems market highlights
- The Europe artillery systems market generated a revenue of USD 2,193.2 million in 2024.
- The market is expected to grow at a CAGR of 7.8% from 2025 to 2030.
- In terms of segment, howitzer was the largest revenue generating type in 2024.
- Howitzer is the most lucrative type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2024 | USD 2,193.2 million |
| Market revenue in 2030 | USD 3,434.5 million |
| Growth rate | 7.8% (CAGR from 2024 to 2030) |
| Largest segment | Howitzer |
| Fastest growing segment | Howitzer |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Howitzer |
| Key market players worldwide | Elbit Systems Ltd, RTX Corp, Leonardo SpA ADR, BAE Systems PLC, General Dynamics Corp, Thales Group, Lockheed Martin Corp, Hanwha, RUAG, Denel SOC, Singapore Technologies Engineering Ltd, Aubert & Duval, Avibras |
Other key industry trends
- In terms of revenue, Europe region accounted for 20.0% of the global artillery systems market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 3,434.5 million by 2030.
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Publish Date: Nov 11, 2024
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Artillery Systems Market Scope
Artillery Systems Market segmentation & scope
Range
Short
Medium
Long
Component
Fire Control Systems
Engines
Turrets
Chassis
Others
Artillery Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| RTX Corp | View profile | 185,000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | www.rtx.com |
| Lockheed Martin Corp | View profile | 122,000 | 6801 Rockledge Drive, Bethesda, MD, United States, 20817 | www.lockheedmartin.com |
| Elbit Systems Ltd | View profile | 18,984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | www.elbitsystems.com |
| Leonardo SpA ADR | View profile | 51,000 | Piazza Monte Grappa 4, Rome, Italy, 00195 | www.leonardocompany.com |
| Hanwha | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.hanwhacorp.co.kr/eng/index.jsp |
| BAE Systems PLC | View profile | 99,800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | www.baesystems.com |
| Singapore Technologies Engineering Ltd | View profile | 26,000 | 1 Ang Mo Kio Electronics Park Road, No. 07-01, ST Engineering Hub, Singapore, Singapore, 567710 | www.stengg.com |
| General Dynamics Corp | View profile | 111,600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | www.gd.com |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | www.thalesgroup.com |
| RUAG | View profile | 1001-5000 | Bern, Bern, Switzerland, Europe | www.ruag.com |
Europe Artillery Systems Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Artillery Systems Market Outlook will help companies and investors design strategic landscapes.
Howitzer was the largest segment with a revenue share of 100.0% in 2024.
Horizon Databook has segmented the Europe artillery systems market based on howitzer covering the revenue growth of each sub-segment from 2018 to 2030.
- Europe Artillery Systems Market Type Outlook (Revenue, USD Million , 2018-2030)
- Howitzer
- Mortars
- Rocket Launchers
- Anti-air Weaons
- Others
- Europe Artillery Systems Market Range Outlook (Revenue, USD Million , 2018-2030)
- Short
- Medium
- Long
- Europe Artillery Systems Market Component Outlook (Revenue, USD Million , 2018-2030)
- Fire Control Systems
- Engines
- Turrets
- Chassis
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Artillery Systems Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Artillery Systems Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.