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The Mortar System Market worldwide is experiencing robust growth, with a noteworthy CAGR projected for the forecast period until 2032. A mortar system is a portable artillery weapon used for indirect fire support. It consists of a tube or barrel that launches explosive projectiles called mortar rounds or shells at high angles of trajectory to hit targets that are not in the direct line of sight. Mortar systems are typically operated by a crew and can be disassembled and transported to different locations.
The mortar system functions by placing a mortar round into the tube or barrel and then igniting a propellant charge, which propels the round into the air. The round follows a parabolic trajectory and lands on the target with a high-angle descent. Mortar systems are capable of firing different types of rounds, including high explosive, smoke, illumination, and anti-personnel rounds, providing versatility in combat scenarios.
The market is driven by increasing demand for advanced and lightweight mortar systems from military and defense organizations worldwide. The trend towards lightweight and modular mortar systems drives the market, as these systems offer greater mobility and flexibility.
In addition, there is a growing demand for advanced targeting and fire control systems that enhance accuracy and effectiveness. Major global mortar system market players include BAE Systems, Raytheon Technologies, General Dynamics, Elbit Systems Ltd., and L3Harris Technologies. These companies compete based on product quality, innovation, and price.
For instance, September 2022, Elbit Systems Ltd. has revealed that its U.S. subsidiary, Elbit Systems of America LLC, has secured an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract with a maximum value of around USD 49 million. The contract entails the supply of 120mm mortar systems to the U.S. Army, with the execution taking place in Fort Worth, Texas over a span of five years. Under this ID/IQ contract, an initial delivery order worth approximately USD 10 million has been issued, and it is expected to be completed within a two-year timeframe.
However, high costs associated with design complexities and stringent regulations are anticipated to restrain the market growth in the forecast period.
The ongoing conflict between Russia and Ukraine has significantly impacted the global mortar system market. The conflict has heightened the demand for mortar systems as both Ukraine and Russia have extensively utilized these weapons in their military operations. The increased focus on modernizing defence capabilities and strengthening border security has led to a surge in procurement of mortar systems by various countries.
Furthermore, the conflict has highlighted the importance of mortar systems in asymmetric warfare and urban combat scenarios. As a result, defence budgets and investments in mortar systems have witnessed a notable uptick globally. Manufacturers and suppliers of mortar systems have experienced a rise in orders and contracts, leading to an expansion of production capacities and technological advancements.
The global mortar system market, by type the market is segmented into conventional mortar, automatic mortar, and semi-automatic mortar. By caliber type the market is trifurcated into light caliber, medium caliber, and heavy caliber. By component the market is divided into fire control system, gun turret, and other. By range the market is segregated into short, medium, and long.
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The North American market for mortar systems is primarily driven by the demand from the U.S. military, one of the largest and most advanced military forces. The U.S. military is investing heavily in advanced, lightweight mortar systems, particularly those incorporating new technologies like advanced targeting and fire control systems. The Asia Pacific market is expected to grow significantly which is driven by the driving demand from various regional countries for advanced and lightweight mortar systems. The market is particularly strong in China and India, which have large and well-funded military forces investing heavily in advanced technologies.
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