Self-Propelled Artillery Market Looks to the East

by Dean Lockwood, Weapons Group Analyst, Forecast International.

In an age of smart bombs and tactical missiles, tube artillery remains the most cost-effective means of rapidly delivering large amounts of munitions on a target within a 50-kilometer (31-mi) range fan.

The international market for self-propelled artillery remains a highly competitive and dynamic environment. The Forecast International Weapons Group expects the market will produce nearly 2,000 self-propelled artillery systems, worth in excess of $4.9 billion, through 2024.

The NORINCO Type 88 (PLZ45) continues to hold its first place ranking in terms of production during the forecast period of 2015-2024. The Type 88 (PLZ45) will account for 35.43 percent of self-propelled howitzer production worldwide, worth 42.87 percent of the international market, through 2024.

The Motovilikha 2S31 Vena and Uraltransmash 2S19 Msta S continue occupy second and third places, respectively, in FI’s market share outlook during the forecast period. Combined production of these two Russian self-propelled artillery systems will account for 30.8 percent of all new production, worth 21.39 percent of the international market, through 2024.

Krauss-Maffei Wegmann PzH 2000 (Source: German Army)

Krauss-Maffei Wegmann PzH 2000 (Source: German Army)

At the extreme high end of the market, we find the diminishing impact of the state of-the-art Krauss-Maffei Wegmann PzH 2000, which commands a correspondingly high-end unit price.

In terms of forecast production, the PzH 2000 has become an increasingly minor player, accounting for only 1.11 percent of all new production through 2024. Further, this program continues to diminish on the international market in terms of market value. Through 2024, FI expects the PzH 2000 will account for a mere 2.48 percent of the total market value.

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For 50 years, Forecast International intelligence reports have been the aerospace and defense industry standard for accurate research, analysis, and projections. Our experienced analysts compile, evaluate, and present accurate data for decision makers. FI's market research reports offer concise analysis of individual programs and identify market opportunities. Each report includes a program overview, detailed statistics, recent developments and a competitive analysis, culminating in production forecasts spanning 10 or 15 years. Let our market intelligence reports be a key part of reducing uncertainties and mastering your specific market and its growth potential. Find out more at www.forecastinternational.com

About Forecast International

For 50 years, Forecast International intelligence reports have been the aerospace and defense industry standard for accurate research, analysis, and projections. Our experienced analysts compile, evaluate, and present accurate data for decision makers. FI's market research reports offer concise analysis of individual programs and identify market opportunities. Each report includes a program overview, detailed statistics, recent developments and a competitive analysis, culminating in production forecasts spanning 10 or 15 years. Let our market intelligence reports be a key part of reducing uncertainties and mastering your specific market and its growth potential. Find out more at www.forecastinternational.com

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