Modern mortar systems consist of four major components, including a barrel, a base plate, a bipod, and a sight. The mortar systems are generally used for launching explosives bombs in high-arching ballistic trajectories. Mortars are typically used as indirect fire weapons for close fire support with a variety of ammunition.
The advanced mortar systems are equipped with a day/night observation system, a laser rangefinder, and a navigation system with relatively less shortcomings compared to that of traditional mortar system is driving the growth of the mortar system market. However, the high operational cost may restrain the growth of the mortar system market. Furthermore, the increased military spending in developing countries are anticipated to create market opportunities for the mortar system market during the forecast period.
The "Global Mortar System Market Analysis To 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The mortar system market report aims to provide an overview of the mortar system market with detailed market segmentation by caliber type, range, and geography. The global mortar system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mortar system market players and offers key trends and opportunities in the market.
The global mortar system market is segmented on the basis of caliber type and range. Based on caliber type, the mortar system market is segmented into: light caliber, medium caliber, and heavy caliber. On the basis of range, the mortar system market is segmented into: short range and long range.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global mortar system market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The mortar system market by each region is later sub-segmented by respective countries and segments. The mortar system market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the mortar system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the mortar system market in these regions.
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The reports cover key developments in the mortar system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from mortar system market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the mortar system market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mortar system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
BAE Systems PLC
Elbit Systems Ltd
General Dynamics Corporation
Hirtenberger Defence Systems GmbH and Co KG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Arsenal JSCo
2. BAE Systems PLC
3. Denel Dynamics
4. Elbit Systems Ltd
5. General Dynamics Corporation
6. Hirtenberger Defence Systems GmbH and Co KG
7. Nammo AS
8. Nexter Group
9. Rheinmetall AG
10. Saab AB