Mortar Systems Market Size, Top Players, and Forecast by 2030
Mortar Systems Market: Strategic Insights
Mortar Systems Market
-
CAGR (2023 - 2031)5.5% -
Market Size 2023
US$ 2.30 Billion -
Market Size 2031
US$ 3.54 Billion
Market Dynamics
GROWTH DRIVERS
- Rising Tensions Among Countries Across Different Regions
- Rising number of contracts for mortar systems
FUTURE TRENDS
- Demand for self-propelled mortar systems
OPPORTUNITIES
- Rising Global Military Expsnditure
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Calibre - Small Calibre
- Medium Calibre
- Large Calibre
Type - Towed/Hand Held
- Self-Propelled
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