Mortar Systems Market Size, Analysis, Top Players 2021-2031
The mortar systems market size is projected to reach US$ 3.54 billion by 2031 from US$ 2.30 billion in 2023. The market is expected to register a CAGR of 5.5% during 2023–2031. Demand for self-propelled howitzers is likely to remain a key trend in the market.
Mortar Systems Market Analysis
The mortar systems market has witnessed tremendous growth in the past few years. One of the major factors driving the mortar systems market growth is the rising military expenditure for the procurement of warfare technologies across different regions. Another major factor driving the growth for mortar systems market includes the rising development of self-propelled artillery systems including mortar systems that are currently being utilized across the major countries war such as Russia-Ukraine, US-Iran, Israel-Palestine, China-Taiwan, etc. Moreover, the rising awareness to strengthen the armed forces of different countries is one of the major mortar systems market trends supporting the mortar system market growth across the world.
Mortar Systems Market Overview
The mortar systems market is likely to register a healthy growth in the coming years. However, the mortar systems market is moderately consolidated with the presence of limited number of players operating across different regions. Moreover, some of the countries have been pushing their military investments in terms of procuring vehicle mounted mortar systems for replacing their older fleet of mortars that is outdated and are operated with the higher side of the monetary sources.
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Mortar Systems Market: Strategic Insights
Market Size Value in US$ 2,302.02 million in 2022 Market Size Value by US$ 3,540.55 million by 2030 Growth rate CAGR of 5.5% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Mortar Systems Market: Strategic Insights
| Market Size Value in | US$ 2,302.02 million in 2022 |
| Market Size Value by | US$ 3,540.55 million by 2030 |
| Growth rate | CAGR of 5.5% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Mortar Systems Market Drivers and Opportunities
Rising Number of Contracts for Mortar Systems is Boosting the Mortar Systems Market Size
Manufacturers operating in the mortar systems market strongly focus on collaborating with different governments and armed forces to comprehend their respective demands and offer them suitable solutions. The military forces of various countries are providing numerous contracts to mortar systems manufacturers to procure different calibre of mortar systems. Moreover, the defense forces of different nations are investing substantially in procuring artillery systems such as rocket artillery, mortars, and howitzers. Artillery systems are reliable for taking down short, medium, and long-range targets. They enable armed forces to facilitate enhanced remote firing on ground or naval platforms.
The majority of the countries' armed forces have been investing heavily in the procurement of mortar systems. A few examples are mentioned below:
- In July 2023, the US Special Operations Command (USSOCOM) awarded a contract worth US$ 2 million to OKSI company for the supply of precision guidance kits for 81-millimeter mortar system rounds.
- In May 2023, Israel’s Elbit Systems Ltd won a contract worth US$ 21.8 million for the supply of mortar systems and training equipment to a Balkan Nation called Montenegro.
- In September 2022, the US army awarded an indefinite delivery/indefinite quantity (ID/IQ) contract with a maximum potential value of up to approximately US$ 49 million to Elbit Systems’ subsidiary in the North America region called Elbit Systems America LLC for the supply of 120mm mortar systems.
- In April 2023, the Swiss Federal Office of Armament (armasuisse) signed a contract with GDELS-Mowag worth of US$ 190 million for the production of a second tranche of 16 120 mm Mortar 16 systems. Under the contract, RUAG will supply its 120 mm Cobra recoiling mortar systems.
The growing number of contracts and deals to procure advanced military forces to combat the rise in ground warfare attacks is acting as a major growth factor for the mortar systems market size globally.
Rising Global Military Expsnditure
The rise in global military expenditure is one of the major factors likely to provide new opportunities for market vendors in the coming years. Majority of the countries have been pushing their respective military investments to procure different types of artillery systems market including mortar systems across different regions. For instance, according to the SIPRI data, the global military expenditure was around US$ 1981 billion, US$ 2047 billion, US$ 2070 billion, and US$ 2148 billion in the years 2019, 2020, 2021, and 2022 respectively. This shows a gradual increase in themilitary spending across different region which is further likely to drive the market for mortar systems in the coming years.
Mortar Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of the mortar systems market analysis are calibre and type.
- Based on calibre, the mortar systems market report includes the segmentation such as small calibre, medium calibre, and large calibre. The medium calibre segment held a larger market share in 2022.
- Based on type, the mortar systems market is segmented into towed/hand-held and self-propelled. The self-propelled segment held a larger market share in 2022.
Mortar Systems Market Share Analysis by Geography
The geographic scope of the mortar systems market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2022 followed by Europe and Asia Pacific regions. Further, Asia Pacific is also likely to witness highest CAGR in the coming years. North America region some of the major mortar system manufacturers such as BAE Systems Plc, Raytheon Technologies Corporation, General Dynamics Ordnance and Tactical Systems, and Northrop Grumman Corporation that have their respective production facilities across different parts of the region and keeps generating new demand for mortar systems from their respective facilities. Such factor has been pushing the mortar systems market growth across the region. Further, the US accounted for the largest mortar systems market share in the North American market.
Mortar Systems Market Report Scope
Mortar Systems Market News and Recent Developments
The mortar systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the mortar systems market are listed below:
- Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) Elbit Systems announced today that it was awarded a contract worth approximately $53 million to supply the Crossbow Unmanned Turreted 120mm Soft Recoil Mortar Systems to General Dynamics European Land Systems (GDELS) for the installation on Pandur 6×6 APC wheeled armored vehicle for a European customer. The contract will be performed over a period of 6 years. (Source: Elbit Systems Ltd, Press Release, May 2024)
- BAE Systems has received a contract modification from the Swedish Defence Materiel Administration (FMV) to build 20 additional CV90 mortar vehicles. The approximately $30 million contract has been awarded to the BAE Systems Swedish joint venture HB Utveckling AB, which combines BAE Systems’ Hägglunds and Bofors manufacturing capabilities. Production will be performed at BAE Systems Hägglunds in Örnsköldsvik, Sweden. (Source: BAE Systems Plc, Press Release, Jan 2023)
Mortar Systems Market Report Coverage and Deliverables
The “Mortar Systems Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Mortar systems market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Mortar systems market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Mortar systems market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the mortar systems market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Caliber, and Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
North America region dominated the mortar systems market in 2023.
Surge in global military expenditure and rising number of contracts for mortar systems are some of the factors driving the growth for mortar systems market.
Hirtenberger Defence Systems, General Dynamics Ordnance and Tactical Systems, Thales, Elbit Systems Ltd, Rheinmetall AG, Raytheon Technologies Corporation, RUAG Group, Northrop Grumman Corporation, ST Engineering, and Arquus are some of the key players profiled under the report.
The mortar systems market is likely to register of 5.5% during 2023-2031.
The estimated value of the mortar systems market by 2031 would be around US$ 3.54 billion.
Demand for self-propelled mortar systems is one of the major trends of the market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Mortar Systems Market Landscape
4.1 Overview
4.2 Porter Five Forces Analysis
4.3 Ecosystem Analysis
5. Mortar Systems Market – Key Market Dynamics
5.1 Mortar Systems Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Surging Defense Spending
5.2.2 Rising Number of Contracts for Mortar Systems
5.3 Market Restraints
5.3.1 Limited Space for Ammunitions in the Towed Mortar Systems
5.4 Market Opportunities
5.4.1 Deployment of Countermeasure Systems
5.5 Future Trends
5.5.1 Deployment of Self-Propelled Mortar Systems
5.6 Impact of Drivers and Restraints:
6. Mortar Systems Market – Global Market Analysis
6.1 Mortar Systems Market Revenue (US$ Million), 2021–2031
6.2 Mortar Systems Market Forecast Analysis
7. Mortar Systems Market Analysis – by Calibre
7.1 Small Calibre
7.1.1 Overview
7.1.2 Small Calibre: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Medium Calibre
7.2.1 Overview
7.2.2 Medium Calibre: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Large Calibre
7.3.1 Overview
7.3.2 Large Calibre: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
8. Mortar Systems Market Analysis – by Type
8.1 Towed/Hand-Held
8.1.1 Overview
8.1.2 Towed/Hand-Held: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Self-Propelled
8.2.1 Overview
8.2.2 Self-Propelled: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9. Mortar Systems Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Mortar Systems Market Overview
9.2.2 North America: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Mortar Systems Market Breakdown, by Calibre
9.2.3.1 North America: Mortar Systems Market – Revenue and Forecast Analysis – by Calibre
9.2.4 North America: Mortar Systems Market Breakdown, by Type
9.2.4.1 North America: Mortar Systems Market – Revenue and Forecast Analysis – by Type
9.2.5 North America: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.2.5.2 US: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.2.1 US: Mortar Systems Market Breakdown, by Calibre
9.2.5.2.2 US: Mortar Systems Market Breakdown, by Type
9.2.5.3 Canada: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.3.1 Canada: Mortar Systems Market Breakdown, by Calibre
9.2.5.3.2 Canada: Mortar Systems Market Breakdown, by Type
9.2.5.4 Mexico: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.2.5.4.1 Mexico: Mortar Systems Market Breakdown, by Calibre
9.2.5.4.2 Mexico: Mortar Systems Market Breakdown, by Type
9.3 Europe
9.3.1 Europe Mortar Systems Market Overview
9.3.2 Europe: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Mortar Systems Market Breakdown, by Calibre
9.3.3.1 Europe: Mortar Systems Market – Revenue and Forecast Analysis – by Calibre
9.3.4 Europe: Mortar Systems Market Breakdown, by Type
9.3.4.1 Europe: Mortar Systems Market – Revenue and Forecast Analysis – by Type
9.3.5 Europe: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.2.1 Germany: Mortar Systems Market Breakdown, by Calibre
9.3.5.2.2 Germany: Mortar Systems Market Breakdown, by Type
9.3.5.3 France: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.3.1 France: Mortar Systems Market Breakdown, by Calibre
9.3.5.3.2 France: Mortar Systems Market Breakdown, by Type
9.3.5.4 Italy: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.4.1 Italy: Mortar Systems Market Breakdown, by Calibre
9.3.5.4.2 Italy: Mortar Systems Market Breakdown, by Type
9.3.5.5 UK: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.5.1 UK: Mortar Systems Market Breakdown, by Calibre
9.3.5.5.2 UK: Mortar Systems Market Breakdown, by Type
9.3.5.6 Russia: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.6.1 Russia: Mortar Systems Market Breakdown, by Calibre
9.3.5.6.2 Russia: Mortar Systems Market Breakdown, by Type
9.3.5.7 Rest of Europe: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.3.5.7.1 Rest of Europe: Mortar Systems Market Breakdown, by Calibre
9.3.5.7.2 Rest of Europe: Mortar Systems Market Breakdown, by Type
9.4 Asia Pacific
9.4.1 Asia Pacific Mortar Systems Market Overview
9.4.2 Asia Pacific: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Mortar Systems Market Breakdown, by Calibre
9.4.3.1 Asia Pacific: Mortar Systems Market – Revenue and Forecast Analysis – by Calibre
9.4.4 Asia Pacific: Mortar Systems Market Breakdown, by Type
9.4.4.1 Asia Pacific: Mortar Systems Market – Revenue and Forecast Analysis – by Type
9.4.5 Asia Pacific: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.4.5.2 Australia: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.2.1 Australia: Mortar Systems Market Breakdown, by Calibre
9.4.5.2.2 Australia: Mortar Systems Market Breakdown, by Type
9.4.5.3 China: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.3.1 China: Mortar Systems Market Breakdown, by Calibre
9.4.5.3.2 China: Mortar Systems Market Breakdown, by Type
9.4.5.4 India: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.4.1 India: Mortar Systems Market Breakdown, by Calibre
9.4.5.4.2 India: Mortar Systems Market Breakdown, by Type
9.4.5.5 Japan: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.5.1 Japan: Mortar Systems Market Breakdown, by Calibre
9.4.5.5.2 Japan: Mortar Systems Market Breakdown, by Type
9.4.5.6 South Korea: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.6.1 South Korea: Mortar Systems Market Breakdown, by Calibre
9.4.5.6.2 South Korea: Mortar Systems Market Breakdown, by Type
9.4.5.7 Rest of Asia Pacific: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.4.5.7.1 Rest of Asia Pacific: Mortar Systems Market Breakdown, by Calibre
9.4.5.7.2 Rest of Asia Pacific: Mortar Systems Market Breakdown, by Type
9.5 Middle East and Africa
9.5.1 Middle East and Africa Mortar Systems Market Overview
9.5.2 Middle East and Africa: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: Mortar Systems Market Breakdown, by Calibre
9.5.3.1 Middle East and Africa: Mortar Systems Market – Revenue and Forecast Analysis – by Calibre
9.5.4 Middle East and Africa: Mortar Systems Market Breakdown, by Type
9.5.4.1 Middle East and Africa: Mortar Systems Market – Revenue and Forecast Analysis – by Type
9.5.5 Middle East and Africa: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.5.5.2 Saudi Arabia: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.2.1 Saudi Arabia: Mortar Systems Market Breakdown, by Calibre
9.5.5.2.2 Saudi Arabia: Mortar Systems Market Breakdown, by Type
9.5.5.3 UAE: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.3.1 UAE: Mortar Systems Market Breakdown, by Calibre
9.5.5.3.2 UAE: Mortar Systems Market Breakdown, by Type
9.5.5.4 South Africa: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.4.1 South Africa: Mortar Systems Market Breakdown, by Calibre
9.5.5.4.2 South Africa: Mortar Systems Market Breakdown, by Type
9.5.5.5 Rest of Middle East and Africa: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Mortar Systems Market Breakdown, by Calibre
9.5.5.5.2 Rest of Middle East and Africa: Mortar Systems Market Breakdown, by Type
9.6 South America
9.6.1 South America Mortar Systems Market Overview
9.6.2 South America: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.6.3 South America: Mortar Systems Market Breakdown, by Calibre
9.6.3.1 South America: Mortar Systems Market – Revenue and Forecast Analysis – by Calibre
9.6.4 South America: Mortar Systems Market Breakdown, by Type
9.6.4.1 South America: Mortar Systems Market – Revenue and Forecast Analysis – by Type
9.6.5 South America: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South America: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.2.1 Brazil: Mortar Systems Market Breakdown, by Calibre
9.6.5.2.2 Brazil: Mortar Systems Market Breakdown, by Type
9.6.5.3 Rest of South America: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.6.5.3.1 Rest of South America: Mortar Systems Market Breakdown, by Calibre
9.6.5.3.2 Rest of South America: Mortar Systems Market Breakdown, by Type
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 General Dynamics Ordnance and Tactical Systems
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Thales SA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Elbit Systems Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Rheinmetall AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 RUAG Group
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Northrop Grumman Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Singapore Technologies Engineering Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Arquus SAS
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Hanwha Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 1.10 Hirtenberger Defence Europe GmbH
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
LIST OF TABLES
Table 1. Mortar Systems Market Segmentation
Table 2. Military Expenditure of Top Five Countries (2020–2022)
Table 3. Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Calibre
Table 5. Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 6. North America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 7. North America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 8. North America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 9. US: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 10. US: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 11. Canada: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 12. Canada: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 13. Mexico: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 14. Mexico: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 15. Europe: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 16. Europe: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 17. Europe: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 18. Germany: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 19. Germany: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 20. France: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 21. France: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 22. Italy: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 23. Italy: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 24. UK: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 25. UK: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 26. Russia: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 27. Russia: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 28. Rest of Europe: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 29. Rest of Europe: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 30. Asia Pacific: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 31. Asia Pacific: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 32. Asia Pacific: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 33. Australia: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 34. Australia: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 35. China: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 36. China: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 37. India: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 38. India: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 39. Japan: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 40. Japan: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 41. South Korea: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 42. South Korea: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 43. Rest of Asia Pacific: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 44. Rest of Asia Pacific: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 45. Middle East and Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 46. Middle East and Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 47. Middle East and Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 48. Saudi Arabia: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 49. Saudi Arabia: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 50. UAE: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 51. UAE: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 52. South Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 53. South Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 54. Rest of Middle East and Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 55. Rest of Middle East and Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 56. South America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 57. South America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 58. South America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 59. Brazil: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 60. Brazil: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 61. Rest of South America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Calibre
Table 62. Rest of South America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million) – by Type
Table 63. Heat Map Analysis by Key Players
LIST OF FIGURES
Figure 1. Mortar Systems Market Segmentation, by Geography
Figure 2. Porter Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Mortar Systems Market Revenue (US$ Million), 2021–2031
Figure 6. Mortar Systems Market Share (%) – by Calibre (2023 and 2031)
Figure 7. Small Calibre: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Medium Calibre: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Large Calibre: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Mortar Systems Market Share (%) – by Type (2023 and 2031)
Figure 11. Towed/Hand-Held: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Self-Propelled: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Mortar Systems Market Breakdown by Region, 2023 and 2031 (%)
Figure 14. North America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 15. North America: Mortar Systems Market Breakdown, by Calibre (2023 and 2031)
Figure 16. North America: Mortar Systems Market Breakdown, by Type (2023 and 2031)
Figure 17. North America: Mortar Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 18. US: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 19. Canada: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 20. Mexico: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 21. Europe: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. Europe: Mortar Systems Market Breakdown, by Calibre (2023 and 2031)
Figure 23. Europe: Mortar Systems Market Breakdown, by Type (2023 and 2031)
Figure 24. Europe: Mortar Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 25. Germany: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. France: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Italy: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. UK: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Russia: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Rest of Europe: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Asia Pacific: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Asia Pacific: Mortar Systems Market Breakdown, by Calibre (2023 and 2031)
Figure 33. Asia Pacific: Mortar Systems Market Breakdown, by Type (2023 and 2031)
Figure 34. Asia Pacific: Mortar Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 35. Australia: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. China: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. India: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. Japan: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. South Korea: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Rest of Asia Pacific: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Middle East and Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. Middle East and Africa: Mortar Systems Market Breakdown, by Calibre (2023 and 2031)
Figure 43. Middle East and Africa: Mortar Systems Market Breakdown, by Type (2023 and 2031)
Figure 44. Middle East and Africa: Mortar Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 45. Saudi Arabia: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. UAE: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. South Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 48. Rest of Middle East and Africa: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. South America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. South America: Mortar Systems Market Breakdown, by Calibre (2023 and 2031)
Figure 51. South America: Mortar Systems Market Breakdown, by Type (2023 and 2031)
Figure 52. South America: Mortar Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 53. Brazil: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. Rest of South America: Mortar Systems Market – Revenue and Forecast to 2031(US$ Million)
The List of Companies - Mortar Systems Market
- Hirtenberger Defence Systems
- General Dynamics Ordnance and Tactical Systems
- Thales
- Elbit Systems Ltd
- Rheinmetall AG
- Raytheon Technologies Corporation
- RUAG Group
- Northrop Grumman Corporation
- ST Engineering
- Arquus
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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