The mortar systems market size is expected to grow from US$ 2,302.02 million in 2022 to US$ 3,540.55 million by 2030; it is estimated to register a CAGR of 5.5% from 2022 to 2030.
In 2022, the North America accounted for the largest mortar systems market share globally. The which region is further also 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 and; US$ 840 billion in 2021; , that which 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. Also, the rise in expenditure is also attributed to the increase in demand for procurement of artillery systems for the defense forces. For instance, iIn 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 M?rser 16 120 mm mortar systems. Such factors have beenare catalyzing the mortar systems market size growth 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 US, 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 inincreased 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 received 20 mortar systems of 120 mm mortars from the US along withas well as 100 units of MLP-2017 60 mm mortars from Poland. Such These factors have been catalyzing fuel the mortar systems market size growth in the North American region.
The global mortar systems market is segmented based on calibrecaliber, type, and geography. Based on calibre, the mortar systems market is segmented into small calibre, medium calibre, and large calibrecaliber, the mortar systems market is segmented into small caliber, medium caliber, and large caliber. 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.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Mortar Systems Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
 4.3.1 List of Vendors in the Value Chain
5. Mortar Systems 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 Systems Market - Global Market Analysis
6.1 Mortar Systems - Global Market Overview
6.2 Mortar Systems - Global Market and Forecast to 2031
7. Mortar Systems Market - Revenue Analysis (USD Million) - By Caliber, 2021-2031
7.1 Overview
7.2 Small Caliber
7.3 Medium Caliber
7.4 Large Caliber
8. Mortar Systems Market - Revenue Analysis (USD Million) - By Type, 2021-2031
8.1 Overview
8.2 Towed/Handheld
8.3 Self-Propelled
9. Mortar Systems Market - Revenue Analysis (USD Million), 2021-2031 - Geographical Analysis
9.1 North America
 9.1.1 North America Mortar Systems Market Overview
 9.1.2 North America Mortar Systems Market Revenue and Forecasts to 2031
 9.1.3 North America Mortar Systems Market Revenue and Forecasts and Analysis - By Caliber
 9.1.4 North America Mortar Systems Market Revenue and Forecasts and Analysis - By Type
 9.1.5 North America Mortar Systems Market Revenue and Forecasts and Analysis - By Countries
 9.1.5.1 United States Mortar Systems Market
 9.1.5.1.1 United States Mortar Systems Market, by Caliber
 9.1.5.1.2 United States Mortar Systems Market, by Type
 9.1.5.2 Canada Mortar Systems Market
 9.1.5.2.1 Canada Mortar Systems Market, by Caliber
 9.1.5.2.2 Canada Mortar Systems Market, by Type
 9.1.5.3 Mexico Mortar Systems Market
 9.1.5.3.1 Mexico Mortar Systems Market, by Caliber
 9.1.5.3.2 Mexico Mortar Systems Market, by Type
 Note - Similar analysis would be provided for below mentioned regions/countries
 
9.2 Europe
 9.2.1 Germany
 9.2.2 France
 9.2.3 Italy
 9.2.4 United Kingdom
 9.2.5 Russia
 9.2.6 Rest of Europe
9.3 Asia-Pacific
 9.3.1 Australia
 9.3.2 China
 9.3.3 India
 9.3.4 Japan
 9.3.5 South Korea
 9.3.6 Rest of Asia-Pacific
9.4 Middle East and Africa
 9.4.1 South Africa
 9.4.2 Saudi Arabia
 9.4.3 U.A.E
 9.4.4 Rest of Middle East and Africa
9.5 South and Central America
 9.5.1 Brazil
 9.5.2 Rest of South and Central America
10. Industry Landscape
10.1 Mergers and Acquisitions
10.2 Agreements, Collaborations, Joint Ventures
10.3 New Product Launches
10.4 Expansions and Other Strategic Developments
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration
12. Mortar Systems Market - Key Company Profiles
12.1 Hirtenberger Defense 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
 Note - Similar information would be provided for below list of companies
 
12.2 General Dynamics Ordnance and Tactical Systems
12.3 Thales SA
12.4 Elbit Systems Ltd
12.5 Rheinmetall AG
12.6 Raytheon Technologies Corporation
12.7 RUAG Group
12.8 Northrop Grumman Corporation
12.9 ST Engineering
12.10 Arquus
13. Appendix
13.1 Glossary
13.2 About
13.3 Market Intelligence Cloud
LIST OF TABLES
LIST OF FIGURES
The List of Companies - Mortar System 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