A11968 | Pages: NA | Jul 2022 | 1144 Views | ||
Author(s) : Sonia Mutreja | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Mortar Ammunition Market
Request Now !Mortar Ammunition Market Outlook – 2030
Mortar ammunitions are stealth, robust and modern devices that can launch to a counter at short and low nearing activities. Modern-age mortars are light in weight and portable in nature. These ammunitions generally come in two types: fin-stabilized and spin-stabilized. Fin-Stabilized projectiles obtain stability through use of fins located at the aft of projectile. Spin-stabilized projectile technology has been used for aerodynamic stabilization. Glided path is auto-tracked and spinning creates gyroscopic forces that keep bullet’s length and axis resistant to destabilizing overturning.
Ammunition companies are involved in developing major breakthroughs in mortar system that are equipped with modern-age engineered equipment and attachments such as navigation system, a laser rangefinder and day/night observation system are being engineered by defense companies.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2021–2030 |
Base year considered | 2020 |
Forecast period | 2021–2030 |
Forecast units | Value (USD) |
Segments covered |
Component, Technology, Application, and Region |
Regions covered | North America, Europe, Asia-Pacific, and LAMEA |
Companies covered | CBC, Rheinmetall Defence, Alliant Techsystems, General Dynamics Corporation, and Nexter, Elbit Systems Ltd, BAE Systems PLC, Saab AB, Hirtenberger Defence Systems GmBh & Co. KG |
COVID-19 Scenario Analysis:
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Technological advancements in mortar systems:
Mortar is an artillery field weapon capable of firing long-range and short-range explosive shells. Technological advancements commenced by many companies of mortar production are showing good variance in developing and bringing new advancement to the ammunition market. South Korea has announced that Hanwha Defense and S&T Dynamics have developed a 120mm self-propelled mortar system that is integrated with M113 armored personnel carrier. New mortar products come with pre-equipped automatic fire control and reloading system that can provide them with 360-degree firing module. The rising need for the mortar ammunition in the forces is also important as it is an important component of military modernization programs.
Programs undertaken by military forces for modernization of mortar ammunition market:
With the rising incidents from terror attack across the borders and international conflicts, several countries have to enhance their military strengths through procurement of advanced ammunition and equipment. Defense budget for mortar ammunition procurement and R&D has increased significantly across the globe. Countries are spending on military modernization programs to enhance and improve the firepower assets in terms of range, precision, and mobility. Modernization activities are important drivers for light caliber ammunitions and medium ammunition demand in the mortar ammunition market.
Key Segments Covered:
Segments | Sub segments |
Technology |
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Application |
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Component |
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Region | North America
Europe
Asia-Pacific
LAMEA
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Key benefits of the report:
Questions answered in the mortar ammunition market report:
Key Market Segments
Segments | Sub-segments |
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By Technology |
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By Application |
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By Component |
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Key Market Players
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