Mortar System Market Scope And Analysis

Report Code : TIPRE00020393
Category : Aerospace and Defense

Status : Published
No. of Pages : 150

Buy Now

Mortar Systems Market Analysis and Scope (2023 to 2030)

Buy Now

Mortar Systems Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 2.30 Billion
Market Size by 2031	US$ 3.54 Billion
Global CAGR (2023 - 2031)	5.5%
Historical Data	2021-2022
Forecast period	2023-2031
Segments Covered	By Calibre Small Calibre Medium Calibre Large Calibre By Type Towed/Hand Held Self-Propelled
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	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

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