The rise in military expenditures across countries and the increase in tensions among countries are a few major factors propelling the demand for artillery systems across the world. Several countries are taking serious actions to ensure the safety of their nation, owing to which they are collaborating with other countries by joining forces to increase their armed forces capabilities. For instance, following the Russia-Ukraine conflict, the US has been taking initiatives to increase its military presence across European countries for the long haul by establishing its first permanent presence in Poland to bolster regional security. Several forces are being deployed in the country, along with required ammunition and firearms. Such initiatives are driving the growth of the artillery systems market across the world.
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Top Key Major Players:-
- Avibras Indústria Aeroespacial S/A
- BAE Systems Plc
- Nexter Groupe KNDS
- Denel Land Systems
- Elbit Systems Ltd
- General Dynamics
- ST Engineering
- Lockheed Martin Corporation
- Rheinmetall AG
- Leonardo DRS Inc