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Mortar Systems Market Size and Forecast (2021-2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Calibre (Small Calibre, Medium Calibre, and Large Calibre); Type (Towed/Hand Held and Self-Propelled) and Geography

May 2024 | 153 pages | ID: M76758F6B9C4EN
The Insight Partners

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The mortar systems market size is expected to grow from US$ 2.30 billion in 2023 to US$ 3.54 billion by 2031; it is estimated to register a CAGR of 5.5% from 2023 to 2031.

In 2022, the North America accounted for the largest mortar systems market share globally which is further expected to retain its dominance during the forecast period as well. The military expenditure is significantly increasing due to rising geopolitical tension. According to the Stockholm International Peace Research Institute (SIPRI), the military expenditure of the region was US$ 809 billion in 2020; US$ 840 billion in 2021; that further reached to US$ 912 billion in 2022. Increased budgets allow for the incorporation of cutting-edge technologies into artillery systems. This might include improvements in communication systems, targeting capabilities, and the development of precision-guided munitions, making the artillery more sophisticated and effective. For instance, in April 2023, the Swiss Federal Office for Defence Procurement, awarded a contract to General Dynamics European Land Systems-Mowag (GDELS-Mowag) for 16 units of Mцrser 16 120 mm mortar systems. Such factors have been catalyzing the mortar systems market size across different regions.

The Ukraine-Russia conflict has contributed to the mortar systems market growth in the North America region. While North America, primarily the US and Canada, is not directly involved in the conflict, several factors influence the regional military equipment market landscape. North American nations, particularly the United States, have provided military support to Ukraine in response to the conflict. This support often includes the supply of advanced weaponry, possibly contributing to an increase in demand for military hardware, including mortar systems. The conflict reinforces the importance of strategic alliances and partnerships among North American nations and their allies. Collaborative defense efforts may involve joint development programs or the exchange of military technologies, catalyzing the mortar systems market growth. For instance, in 2023, Ukraine got 20 mortar systems of 120mm mortars from the US along with 100 units of MLP-2017 60mm mortars from Poland Such factors have been catalyzing the mortar systems market size in the North American region.

The global mortar systems market is segmented based on calibre, type, and geography. Based on calibre, the mortar systems market is segmented into small calibre, medium calibre, and large calibre. Based on type, the mortar systems market has been segmented into towed/hand-held and self-propelled. In terms of geography, the global mortar systems market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

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 among the key players that are profiled in the mortar systems market report study.

The overall mortar systems market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the mortar systems market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the mortar systems 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


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