The howitzer market is projected to expand from US$ 5,098.26 million in 2022 to US$ 9,136.78 million by 2030, reflecting a compound annual growth rate (CAGR) of 7.6% during the period from 2022 to 2030.

In 2022, North America held the largest share of the global howitzer market and is anticipated to maintain this leading position throughout the forecast period. The region's military spending has been on the rise, driven by escalating geopolitical tensions. According to the Stockholm International Peace Research Institute (SIPRI), military expenditures in North America were US$ 809 billion in 2020, increasing to US$ 840 billion in 2021, and further climbing to US$ 912 billion in 2022. This surge in defense budgets facilitates the integration of advanced technologies into artillery systems, enhancing communication, targeting precision, and the development of precision-guided munitions, thereby increasing the effectiveness and sophistication of artillery. For example, in February 2023, BAE Systems secured a contract valued at US$ 466 million to supply the U.S. Army with M109A7 Paladin self-propelled howitzers.

The ongoing Ukraine-Russia conflict has also played a significant role in boosting the howitzer market within North America. Although the U.S. and Canada are not directly engaged in the conflict, various factors are reshaping the military equipment market in the region. The United States, in particular, has extended military assistance to Ukraine, which often includes advanced weaponry, thereby driving up the demand for military hardware, including howitzers. This situation underscores the importance of strategic alliances and partnerships among North American countries and their allies. Collaborative defense initiatives may involve joint development projects or the sharing of military technologies, further propelling the growth of the howitzer market. For instance, in April 2022, Canada significantly contributed to bolstering Ukraine's defense capabilities by supplying M777 howitzers along with necessary ammunition. This initiative, executed in collaboration with American allies, utilized equipment from the Canadian Armed Forces' inventory. The provision of M777 howitzers and ammunition is part of a broader support strategy aimed at addressing ongoing security challenges in the North American region. Such developments have been instrumental in driving the growth of the howitzer market in North America.

The global howitzer market is categorized based on various factors, including component, range, type, and geography. In terms of components, the market is divided into gun turrets, fire control systems, ammunition handling systems, auxiliary systems, and others. Regarding range, howitzers are classified into short-range, medium-range, and long-range categories. The market is also segmented by type into towed howitzers and self-propelled howitzers. Geographically, the global howitzer market is divided into five primary regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

Key players in the howitzer market include BAE Systems Plc, Elbit Systems Ltd, Avibras, Hanwha Group, RUAG Group, IMI Systems, General Dynamics, ST Engineering, Denel SOC Ltd, and Saab AB, all of which are highlighted in the market report.

The overall size of the howitzer market has been determined through a combination of primary and secondary research methods. Extensive secondary research has been conducted using both internal and external sources to gather qualitative and quantitative data regarding the howitzer market size. This research process aids in providing a comprehensive overview and forecast of the market across all segments. Additionally, numerous primary interviews have been carried out with industry stakeholders to validate the collected data and gain deeper analytical insights. This process includes discussions with industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the howitzer market.