From GlobeNewswire: 2024-06-11 01:00:00

The Global Howitzer Systems Market is set to grow from USD 33.52 Billion in 2023 to USD 78.8 Billion by 2033, with a CAGR of 8.92%. Howitzers are essential for modern armies due to their mobility and quick deployment capabilities. Countries with large military forces are the primary users, driving market growth. North America holds the largest share of the global market, with the US land forces having a significant arsenal of artillery equipment. The Asia Pacific region is anticipated to grow the fastest in the howitzer systems market, with countries like China, India, and South Korea investing in advanced technology. Major vendors in the market include Hanwha Group, General Dynamics, and BAE Systems. Recent developments include China’s creation of a new truck-mounted howitzer system. The market is segmented by type, caliber, and application, with self-propelled howitzers, 155mm caliber, and artillery support predicted to lead in each category respectively. Consult the full report for more in-depth insights and analysis.



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