Mortar Artillery System Market Scope and Size by 2031
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.
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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.
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.
- 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Mortar Artillery System Market - By Caliber
1.3.2 Mortar Artillery System Market - By Range
1.3.3 Mortar Artillery System Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MORTAR ARTILLERY SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MORTAR ARTILLERY SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MORTAR ARTILLERY SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. MORTAR ARTILLERY SYSTEM - GLOBAL MARKET OVERVIEW
6.2. MORTAR ARTILLERY SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MORTAR ARTILLERY SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - CALIBER
7.1. OVERVIEW
7.2. CALIBER MARKET FORECASTS AND ANALYSIS
7.3. SMALL
7.3.1. Overview
7.3.2. Small Market Forecast and Analysis
7.4. MEDIUM
7.4.1. Overview
7.4.2. Medium Market Forecast and Analysis
7.5. HEAVY
7.5.1. Overview
7.5.2. Heavy Market Forecast and Analysis
8. MORTAR ARTILLERY SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - RANGE
8.1. OVERVIEW
8.2. RANGE MARKET FORECASTS AND ANALYSIS
8.3. SHORT
8.3.1. Overview
8.3.2. Short Market Forecast and Analysis
8.4. MEDIUM
8.4.1. Overview
8.4.2. Medium Market Forecast and Analysis
8.5. LONG
8.5.1. Overview
8.5.2. Long Market Forecast and Analysis
9. MORTAR ARTILLERY SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Mortar Artillery System Market Overview
9.1.2 North America Mortar Artillery System Market Forecasts and Analysis
9.1.3 North America Mortar Artillery System Market Forecasts and Analysis - By Caliber
9.1.4 North America Mortar Artillery System Market Forecasts and Analysis - By Range
9.1.5 North America Mortar Artillery System Market Forecasts and Analysis - By Countries
9.1.5.1 United States Mortar Artillery System Market
9.1.5.1.1 United States Mortar Artillery System Market by Caliber
9.1.5.1.2 United States Mortar Artillery System Market by Range
9.1.5.2 Canada Mortar Artillery System Market
9.1.5.2.1 Canada Mortar Artillery System Market by Caliber
9.1.5.2.2 Canada Mortar Artillery System Market by Range
9.1.5.3 Mexico Mortar Artillery System Market
9.1.5.3.1 Mexico Mortar Artillery System Market by Caliber
9.1.5.3.2 Mexico Mortar Artillery System Market by Range
9.2. EUROPE
9.2.1 Europe Mortar Artillery System Market Overview
9.2.2 Europe Mortar Artillery System Market Forecasts and Analysis
9.2.3 Europe Mortar Artillery System Market Forecasts and Analysis - By Caliber
9.2.4 Europe Mortar Artillery System Market Forecasts and Analysis - By Range
9.2.5 Europe Mortar Artillery System Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Mortar Artillery System Market
9.2.5.1.1 Germany Mortar Artillery System Market by Caliber
9.2.5.1.2 Germany Mortar Artillery System Market by Range
9.2.5.2 France Mortar Artillery System Market
9.2.5.2.1 France Mortar Artillery System Market by Caliber
9.2.5.2.2 France Mortar Artillery System Market by Range
9.2.5.3 Italy Mortar Artillery System Market
9.2.5.3.1 Italy Mortar Artillery System Market by Caliber
9.2.5.3.2 Italy Mortar Artillery System Market by Range
9.2.5.4 United Kingdom Mortar Artillery System Market
9.2.5.4.1 United Kingdom Mortar Artillery System Market by Caliber
9.2.5.4.2 United Kingdom Mortar Artillery System Market by Range
9.2.5.5 Russia Mortar Artillery System Market
9.2.5.5.1 Russia Mortar Artillery System Market by Caliber
9.2.5.5.2 Russia Mortar Artillery System Market by Range
9.2.5.6 Rest of Europe Mortar Artillery System Market
9.2.5.6.1 Rest of Europe Mortar Artillery System Market by Caliber
9.2.5.6.2 Rest of Europe Mortar Artillery System Market by Range
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Mortar Artillery System Market Overview
9.3.2 Asia-Pacific Mortar Artillery System Market Forecasts and Analysis
9.3.3 Asia-Pacific Mortar Artillery System Market Forecasts and Analysis - By Caliber
9.3.4 Asia-Pacific Mortar Artillery System Market Forecasts and Analysis - By Range
9.3.5 Asia-Pacific Mortar Artillery System Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Mortar Artillery System Market
9.3.5.1.1 Australia Mortar Artillery System Market by Caliber
9.3.5.1.2 Australia Mortar Artillery System Market by Range
9.3.5.2 China Mortar Artillery System Market
9.3.5.2.1 China Mortar Artillery System Market by Caliber
9.3.5.2.2 China Mortar Artillery System Market by Range
9.3.5.3 India Mortar Artillery System Market
9.3.5.3.1 India Mortar Artillery System Market by Caliber
9.3.5.3.2 India Mortar Artillery System Market by Range
9.3.5.4 Japan Mortar Artillery System Market
9.3.5.4.1 Japan Mortar Artillery System Market by Caliber
9.3.5.4.2 Japan Mortar Artillery System Market by Range
9.3.5.5 South Korea Mortar Artillery System Market
9.3.5.5.1 South Korea Mortar Artillery System Market by Caliber
9.3.5.5.2 South Korea Mortar Artillery System Market by Range
9.3.5.6 Rest of Asia-Pacific Mortar Artillery System Market
9.3.5.6.1 Rest of Asia-Pacific Mortar Artillery System Market by Caliber
9.3.5.6.2 Rest of Asia-Pacific Mortar Artillery System Market by Range
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Mortar Artillery System Market Overview
9.4.2 Middle East and Africa Mortar Artillery System Market Forecasts and Analysis
9.4.3 Middle East and Africa Mortar Artillery System Market Forecasts and Analysis - By Caliber
9.4.4 Middle East and Africa Mortar Artillery System Market Forecasts and Analysis - By Range
9.4.5 Middle East and Africa Mortar Artillery System Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Mortar Artillery System Market
9.4.5.1.1 South Africa Mortar Artillery System Market by Caliber
9.4.5.1.2 South Africa Mortar Artillery System Market by Range
9.4.5.2 Saudi Arabia Mortar Artillery System Market
9.4.5.2.1 Saudi Arabia Mortar Artillery System Market by Caliber
9.4.5.2.2 Saudi Arabia Mortar Artillery System Market by Range
9.4.5.3 U.A.E Mortar Artillery System Market
9.4.5.3.1 U.A.E Mortar Artillery System Market by Caliber
9.4.5.3.2 U.A.E Mortar Artillery System Market by Range
9.4.5.4 Rest of Middle East and Africa Mortar Artillery System Market
9.4.5.4.1 Rest of Middle East and Africa Mortar Artillery System Market by Caliber
9.4.5.4.2 Rest of Middle East and Africa Mortar Artillery System Market by Range
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Mortar Artillery System Market Overview
9.5.2 South and Central America Mortar Artillery System Market Forecasts and Analysis
9.5.3 South and Central America Mortar Artillery System Market Forecasts and Analysis - By Caliber
9.5.4 South and Central America Mortar Artillery System Market Forecasts and Analysis - By Range
9.5.5 South and Central America Mortar Artillery System Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Mortar Artillery System Market
9.5.5.1.1 Brazil Mortar Artillery System Market by Caliber
9.5.5.1.2 Brazil Mortar Artillery System Market by Range
9.5.5.2 Rest of South and Central America Mortar Artillery System Market
9.5.5.2.1 Rest of South and Central America Mortar Artillery System Market by Caliber
9.5.5.2.2 Rest of South and Central America Mortar Artillery System Market by Range
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MORTAR ARTILLERY SYSTEM MARKET, KEY COMPANY PROFILES
11.1. BAE SYSTEMS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DENEL LAND SYSTEMS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ELBIT SYSTEMS LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL DYNAMICS ORDNANCE AND TACTICAL SYSTEMS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HANWHA GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IMI SYSTEMS LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LOCKHEED MARTIN CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RHEINMETALL AG
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RUAG GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ST ENGINEERING
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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