MARKET INTRODUCTION
Mortar artillery systems are a simple, lightweight, portable and muzzle-loaded weapon system consisting of a smooth metal tube attached to a base plate with a lightweight bipod mount and a sight. In addition, mortar artillery systems launch explosive shells or bombs in high-rise ballistic trajectories. In addition, mortars are widely used as indirect firearms for close fire support to suppress and neutralize enemy forces with a variety of ammunition. Mortar artillery weapon aims & fires a projectile without relying on a direct line of sight between the target and the artillery weapon. The weapon is contrasted with larger artillery pieces, which fire at high velocities, long ranges, and low, direct trajectories. A present-day mortar consists of a lightweight tube that rests on a base plate and is supported by a bipod. The weapon is operated by dropping a mortar shell onto a firing pin in the tube that detonates the shell's propellant, which launches it toward the target. The global market for mortar artillery system is experiencing significant growth due to an increase in cross-border conflicts.
MARKET DYNAMICS
Growing border conflict around the world and rise in the military expenditure especially in the developing nations is expected to increase its demand in coming years, driving the global mortar artillery system market. Advantages of mortar artillery system such as small size, easy to move, easy to use, the capacity to be fired from a trench or defilade etc. are also expected to drive the global mortar artillery system market. Other factor such as rise in the demand for long range fire support, and growth in the adoption of military modernization programs are also expected to drive the market during forecast period. However, large storage facilities required for large artillery system may restrain the growth of the mortar artillery system market. Further, more advancement in the technological advancement in mortar artillery systems such as integration with artificial intelligence is anticipated to create market opportunities for the mortar artillery system market during the forecast period.
MARKET SCOPE
The "Global Mortar Artillery System Market Analysis to 2031" is a specialized and in-depth study of the mortar artillery system market with a special focus on the global market trend analysis. The report aims to provide an overview of mortar artillery system market with detailed market segmentation by caliber, range, and geography. The global mortar artillery system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mortar artillery system market players and offers key trends and opportunities in the mortar artillery system market.
MARKET SEGMENTATION
The global mortar artillery system market is segmented on the basis of caliber and range. On the basis of caliber, market is segmented into the small, medium, and heavy. On the basis of range, the market is segmented as short, medium, and long.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global mortar artillery system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The mortar artillery system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting mortar artillery system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the mortar artillery system market in these regions.
By Caliber
By Range
MARKET PLAYERS
The reports cover key developments in the mortar artillery system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from mortar artillery system market are anticipated to lucrative growth opportunities in the future with the rising demand for mortar artillery system. Below mentioned is the list of few companies engaged in the mortar artillery system market.
The report also includes the profiles of key mortar artillery system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Mortar artillery systems are a simple, lightweight, portable and muzzle-loaded weapon system consisting of a smooth metal tube attached to a base plate with a lightweight bipod mount and a sight. In addition, mortar artillery systems launch explosive shells or bombs in high-rise ballistic trajectories. In addition, mortars are widely used as indirect firearms for close fire support to suppress and neutralize enemy forces with a variety of ammunition. Mortar artillery weapon aims & fires a projectile without relying on a direct line of sight between the target and the artillery weapon. The weapon is contrasted with larger artillery pieces, which fire at high velocities, long ranges, and low, direct trajectories. A present-day mortar consists of a lightweight tube that rests on a base plate and is supported by a bipod. The weapon is operated by dropping a mortar shell onto a firing pin in the tube that detonates the shell's propellant, which launches it toward the target. The global market for mortar artillery system is experiencing significant growth due to an increase in cross-border conflicts.
MARKET DYNAMICS
Growing border conflict around the world and rise in the military expenditure especially in the developing nations is expected to increase its demand in coming years, driving the global mortar artillery system market. Advantages of mortar artillery system such as small size, easy to move, easy to use, the capacity to be fired from a trench or defilade etc. are also expected to drive the global mortar artillery system market. Other factor such as rise in the demand for long range fire support, and growth in the adoption of military modernization programs are also expected to drive the market during forecast period. However, large storage facilities required for large artillery system may restrain the growth of the mortar artillery system market. Further, more advancement in the technological advancement in mortar artillery systems such as integration with artificial intelligence is anticipated to create market opportunities for the mortar artillery system market during the forecast period.
MARKET SCOPE
The "Global Mortar Artillery System Market Analysis to 2031" is a specialized and in-depth study of the mortar artillery system market with a special focus on the global market trend analysis. The report aims to provide an overview of mortar artillery system market with detailed market segmentation by caliber, range, and geography. The global mortar artillery system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mortar artillery system market players and offers key trends and opportunities in the mortar artillery system market.
MARKET SEGMENTATION
The global mortar artillery system market is segmented on the basis of caliber and range. On the basis of caliber, market is segmented into the small, medium, and heavy. On the basis of range, the market is segmented as short, medium, and long.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global mortar artillery system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The mortar artillery system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting mortar artillery system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the mortar artillery system market in these regions.
Mortar Artillery System Market Report Analysis
Mortar Artillery System Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- BAE Systems
- Denel Land Systems
- Elbit Systems Ltd.
- General Dynamics Ordnance and Tactical Systems
- Hanwha Group
- IMI Systems Ltd.
- Lockheed Martin Corporation
- Rheinmetall AG
- RUAG Group
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Caliber
- Small
- Medium
- Heavy
By Range
- Short
- Medium
- Long
The reports cover key developments in the mortar artillery system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from mortar artillery system market are anticipated to lucrative growth opportunities in the future with the rising demand for mortar artillery system. Below mentioned is the list of few companies engaged in the mortar artillery system market.
The report also includes the profiles of key mortar artillery system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BAE Systems
- Denel Land Systems
- Elbit Systems Ltd.
- General Dynamics Ordnance and Tactical Systems
- Hanwha Group
- IMI Systems Ltd.
- Lockheed Martin Corporation
- Rheinmetall AG
- RUAG Group
- ST Engineering
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Mortar Artillery System Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Caliber
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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The List of Companies
1. BAE Systems
2. Denel Land Systems
3. Elbit Systems Ltd.
4. General Dynamics Ordnance and Tactical Systems
5. Hanwha Group
6. IMI Systems Ltd.
7. Lockheed Martin Corporation
8. Rheinmetall AG
9. RUAG Group
10. ST Engineering
1. BAE Systems
2. Denel Land Systems
3. Elbit Systems Ltd.
4. General Dynamics Ordnance and Tactical Systems
5. Hanwha Group
6. IMI Systems Ltd.
7. Lockheed Martin Corporation
8. Rheinmetall AG
9. RUAG Group
10. ST Engineering
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