The global artillerys market was valued at USD 9.65 billion in 2025. The market is projected to grow from USD 10.45 billion in 2026 to USD 16.85 billion by 2034, exhibiting a compound annual growth rate of 6.16% during the forecast period. Contrive Datum Insights presents this information in its report titled "Artillerys Market Size, Share & Industry Analysis, By Platform type (Towed Artillery, Self-Propelled Artillery, Multiple Launch Rocket Systems, Mortar Systems), Caliber (Below 105mm, 105mm to 155mm, Above 155mm), Mobility (Wheeled, Tracked, Static/Fixed), Range (Short Range (up to 30 km), Medium Range (30 to 70 km), Long Range (above 70 km)), Guidance (Conventional/Unguided, Precision-Guided), and Regional Forecast, 2026-2034".
Artillery systems are indirect and direct fire weapons used by land and naval forces to deliver explosive or precision-guided projectiles and rockets against targets beyond the range of small arms, spanning towed guns, self-propelled howitzers, multiple launch rocket systems and mortars. Buyers are almost exclusively national armed forces and defense ministries that procure platforms, ammunition and associated fire-control systems either directly from manufacturers or through government-to-government foreign military sales arrangements. The category also covers the rounds, propellant charges and guidance kits consumed alongside the platforms themselves.
Rising defense budgets amid renewed great-power competition
Rising defense budgets amid renewed great-power competition is the largest single contributor to the market's growth over the forecast period, and the study rates its impact high. Against a market growing at 6.16% a year, the platform type lines exposed to it move fastest: Multiple Launch Rocket Systems compounds at 8.6%, taking its share of revenue from 22% to 27% and its value from USD 2.123 billion to USD 4.55 billion.
A more favourable outcome is possible. If bull case assumes accelerated NATO and allied defense spending commitments translate into signed contracts faster than historically typical, with precision-guided munition programs scaling ahead of schedule, 2034 revenue reaches USD 18.535 billion instead of the USD 16.85 billion the base case carries.
Against that, bear case assumes major procurement programs face budget delays or cancellations as fiscal pressure mounts, and stockpile replenishment slows once initial post-conflict orders are fulfilled. On that reading 2034 revenue stops at USD 15.165 billion. The weight of the problem sits in Towed Artillery: 30% of 2025 revenue growing at 3.54%, well under the market's 6.16%.
Self-Propelled Artillery Scale Against Multiple Launch Rocket Systems Momentum
Competition in the global artillerys market runs along the platform type axis, not the regional one. Self-Propelled Artillery holds 41% of 2025 revenue at USD 3.957 billion and remains the largest line through 2034 at 42%, making it the position hardest for a challenger to take. Multiple Launch Rocket Systems, growing at 8.6%, is where share actually changes hands. A supplier established in one is not thereby established in the other, so a field of this size persists in a market of USD 9.65 billion.
Further Report Findings
| Segment | Led 2025 by | Share & value | Fastest-growing |
|---|---|---|---|
| Caliber | 105mm to 155mm | 65% · USD 6.273 billion | Above 155mm 9.54% |
| Mobility | Tracked | 55% · USD 5.308 billion | Wheeled 7.71% |
| Range | Short Range (up to 30 km) | 45% · USD 4.343 billion | Long Range (above 70 km) 11.02% |
| Guidance | Conventional/Unguided | 78% · USD 7.527 billion | Precision-Guided 11.66% |
- Asia Pacific was the largest region in 2025, holding 32% of global revenue at USD 3.088 billion and reaching USD 5.729 billion by 2034.
- Europe takes a rising share of global revenue over the forecast period, from 26% in 2025 to 29% in 2034, with revenue growing from USD 2.509 billion to USD 4.887 billion.
- Latin America stays the smallest contributor across the period: 6% of revenue in 2025 and 6% in 2034.
- By platform type, the largest line in 2025 was Self-Propelled Artillery, at 41% of revenue and USD 3.957 billion.
- Multiple Launch Rocket Systems is projected to grow at 8.6% over the forecast period, the fastest of any platform type line.
- The United States is the largest single country market at USD 1.969 billion in 2025, 20.4% of global revenue.
Every year from 2020 to 2034 is reported, with revenue and growth for each line across five axes: by platform type, and by caliber, mobility, range and guidance. The headline total carries bear, base and bull cases at USD 15.165 billion and USD 18.535 billion by 2034. The study also breaks out all five regions to country level, sets out the competitive landscape, and documents the method behind every estimate. Available as a PDF, with a free sample on request.