Europe Mortar Systems Market Forecast to 2031
Europe Mortar Systems Market Forecast to 2031 – Regional Analysis – by Calibre (Small Calibre, Medium Calibre, and Large Calibre) and Type (Towed/Hand-Held, and Self-Propelled)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
Rising Number of Contracts for Mortar Systems Drive Europe Mortar Systems Market
Manufacturers operating in the mortar systems market strongly focus on collaborating with different governments and armed forces to comprehend their respective demands and offer them suitable solutions. The military forces of various countries are providing numerous contracts to artillery systems manufacturers to procure several communication, surveillance, and navigation systems. Moreover, the defense forces of different nations are investing substantially in procuring artillery systems such as rocket artillery, mortars, and howitzers. Artillery systems are reliable for taking down short, medium, and long-range targets. They enable armed forces to facilitate enhanced remote firing on ground or naval platforms.
The majority of the countries’ armed forces have been investing heavily in the procurement of mortar systems. A few examples are mentioned below:
In May 2023, Israel’s Elbit Systems Ltd won a contract worth US$ 21.8 million for the supply of mortar systems and training equipment to a Balkan Nation called Montenegro.
In May 2024, Elbit Systems was granted a contract worth around US$ 53 million to supply the Crossbow Unmanned Turreted 120mm Soft Recoil Mortar Systems to General Dynamics European Land Systems. The Systems will be installed on a Pandur 6×6 APC wheeled armored vehicle for a European customer. The contract will be performed over 6 years.
In April 2024, Rheinmetall received an ammunition order for mortar systems from the Spanish government. The order is to supply a total of 104,000 mortar rounds in the 60 mm, 81 mm and 120 mm calibres by the end of 2025.
In April 2023, the Swiss Federal Office of Armament (armasuisse) signed a contract with GDELS-Mowag worth of US$ 190 million for the production of a second tranche of 16 120 mm Mortar 16 systems. Under the contract, RUAG will supply its 120 mm Cobra recoiling mortar systems.
The growing number of contracts and deals to procure advanced military forces to combat the rise in ground warfare attacks is acting as a major growth factor for the mortar systems market size globally.
Europe Mortar Systems Market Overview
The Europe mortar systems market is sub-segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. The rise in military expenditure across European countries is one of the major factors catalyzing the mortar systems market expansion across the region. Below is the comparison of military expenditure across different countries in Europe (2020 vs 2022).
Country 2020 (US$ Million) 2022 (US$ Million)
France 52,747.1 53,638.7
Germany 53,211.0 55,759.7
Italy 28,921.3 33,489.7
UK 60,675.0 68,462.6
Russia 61,712.5 86,373.1
The conflict between Russia and Ukraine prompted a shift in defense priorities for a few European nations. As part of the NATO alliance, European countries have shown solidarity with Ukraine and increased their support to reinforce NATO’s eastern flank. This involved boosting defense spending to meet NATO commitments and enhance collective defense capabilities. The conflict prompted greater collaboration among European nations in defense cooperation and joint capability development.
European Union member states recognize the benefits of collaborative procurement to achieve cost reductions, economies of scale, and interoperability. Joint procurement framework contracts, such as those approved by the European Defence Agency (EDA), underscore the commitment to shared defense objectives.
In September 2023, the European Defence Agency (EDA) approved eight joint procurement framework contracts for 155 mm ammunition, signifying a collaborative effort among European Union member states to replenish stocks and increase the supply of critical shells to Ukraine. This joint procurement approach, endorsed by 26 Member States and Norway, aims to achieve cost reduction through economies of scale and enhance interoperability. The flexible and inclusive EDA project allows all member states to participate in the initiative, ensuring the purchase of ammunition aligns with national needs or supports Ukraine.
In March 2023, Elbit Systems Ltd., a global defense technology company, announced two significant contracts. The first contract, valued at US$ 120 million, was awarded to its Romanian subsidiary, Elmet International SRL, by General Dynamics European Land Systems. The contract involves the supply of unmanned turrets, remote-controlled weapon stations (RCWS), and mortar systems for the “Piranha V” armored personnel carrier (APC) for the Romanian Armed Forces, with the work scheduled over a three-year period. The second contract, valued at ~US$ 21.61 million, was part of a defense export agreement between Israel and Montenegro Ministries of Defense. It includes the procurement of Elbit Systems-made weapons, specifically mortar munition systems and training equipment.
Furthermore, in September 2023, KNDS, the European leader in land defense, and Elbit Systems formalized a strategic cooperation through a teaming agreement. This collaboration addresses the growing demand for precision rocket artillery capabilities in Europe and NATO nations. The agreement solidifies their partnership in developing the next-generation rocket artillery system, EuroPULS, to enhance military capabilities and contribute to the evolving defense landscape. The mortar systems market in Europe reflects a collective effort to enhance defense capabilities, promote collaboration, and address modern security challenges. Collaborative procurement, technological advancements, and strategic partnerships position Europe as a key player in the global mortar systems market.
Europe Mortar Systems Market Revenue and Forecast to 2031 (US$ Million)
Europe Mortar Systems Market Segmentation
The Europe mortar systems market is categorized into calibre, type, and country.
Based on calibre, the Europe mortar systems market is segmented into small calibre, medium calibre, and large calibre. The medium calibre segment held the largest market share in 2023.
In terms of type, the Europe mortar systems market is bifurcated into towed/hand-held and self-propelled. The self-propelled segment held a larger market share in 2023.
By country, the Europe mortar systems market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe mortar systems market share in 2023.
Thales SA, Elbit Systems Ltd, Rheinmetall AG, RUAG Group, Northrop Grumman Corp, Singapore Technologies Engineering Ltd, Arquus SAS, and Hirtenberger Defence Europe GmbH are some the leading companies operating in the Europe mortar systems market.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to Business Market Insights’ research, the Europe mortar systems market was valued at US$ 597.41 million in 2023 and is anticipated to reach US$ 839.84 million by 2031, registering a CAGR of 4.3% from 2023 to 2031. Deployment of countermeasure systems and rising number of contracts for mortar systems are among the critical factors attributed to drive the Europe mortar systems market growth.
The changing geopolitical scenario worldwide boosts the requirement for strong defense countermeasure systems. The constant tension between the nations such as Russia-Ukraine, India-China, Pakistan-India, Israel-Palestine, and US-China is compelling their governments to strengthen their respective armed forces, which is also propelling the procurement of warfare systems such as different types of mortars and howitzers. Hence, the armed forces across different countries are investing in procuring artillery systems such as surface-to-air rocket artillery, self-propelled howitzers, early warning systems, and border surveillance systems. BAE Systems, General Dynamics Corporation, Honeywell International Inc., Israel Aerospace Industries Inc., Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and Thales Group are among the companies focusing on developing defense countermeasure systems, including radar systems, artillery systems, communication and surveillance systems, and navigation devices. Thus, the increasing procurement and deployment of countermeasure systems is expected to fuel the growth of the mortar systems market in the coming years.
On the contrary, limited space for ammunitions in the towed mortar systems hampers the growth of Europe mortar systems market.
Based on calibre, the Europe mortar systems market is segmented into small calibre, medium calibre, and large calibre. The medium calibre segment held 46.5% market share in 2023, amassing US$ 277.93 million. It is projected to garner US$ 371.08 million by 2031 to register 3.7% CAGR during 2023–2031.
In terms of type, the Europe mortar systems market is bifurcated into towed/hand-held and self-propelled. The self-propelled segment held 84.1% share of Europe mortar systems market in 2023, amassing US$ 502.67 million. It is projected to garner US$ 719.49 million by 2031 to expand at 4.6% CAGR from 2023 to 2031.
Based on country, the Europe mortar systems market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 32.8% share of Europe mortar systems market in 2023. It was assessed at US$ 195.71 million in 2023 and is likely to hit US$ 257.91 million by 2031, registering a CAGR of 3.5% during 2023–2031.
Key players operating in the Europe mortar systems market are Thales SA, Elbit Systems Ltd, Rheinmetall AG, RUAG Group, Northrop Grumman Corp, Singapore Technologies Engineering Ltd, Arquus SAS, and Hirtenberger Defence Europe GmbH, among others.
In June 2022, news add “Arquus, Thales and NTGS have officially presented the new Sherpa A2M (Advanced Mobile Mortar), during a ceremony organized on Arquus’ booth at Eurosatory 2022. The alliance of Arquus, NTGS and Thales allows the application of a truly complete solution delivering a unique indirect fire support solution, suitable for infantry support, collaborative armed forces troops and Special Forces, as well as autonomous artillery units looking for a high level of mobility and protection. The Sherpa A2M is an adequate answer to the tactical challenges met and created by artillery in the high-intensity warfare: mobility, protection, close support to the troops on the ground and mobile counter-battery options at the fraction of the price of a Self-Propelled Gun (SPG).
In May 2024, Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) Elbit Systems announced that it was awarded a contract worth approximately $53 million to supply the Crossbow Unmanned Turreted 120mm Soft Recoil Mortar Systems to General Dynamics European Land Systems (GDELS) for the installation on Pandur 6×6 APC wheeled armored vehicle for a European customer. The contract will be performed over a period of 6 years.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Europe mortar systems market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe mortar systems market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team 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. Europe Mortar Systems Market Landscape
4.1 Overview
4.2 Porter Five Forces Analysis
4.3 Ecosystem Analysis
5. Europe Mortar Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Defense Spending
5.1.2 Rising Number of Contracts for Mortar Systems
5.2 Market Restraints
5.2.1 Limited Space for Ammunitions in the Towed Mortar Systems
5.3 Market Opportunities
5.3.1 Deployment of Countermeasure Systems
5.4 Future Trends
5.4.1 Deployment of Self-Propelled Mortar Systems
5.5 Impact of Drivers and Restraints:
6. Mortar Systems Market – Europe Analysis
6.1 Europe Mortar Systems Market Overview
6.2 Mortar Systems Market Revenue (US$ Million), 2021-2031
6.3 Mortar Systems Market Forecast Analysis
7. Europe 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. Europe 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. Europe Mortar Systems Market – Country Analysis
9.1 Europe Market Overview
9.1.1 Europe: Mortar Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
9.1.1.1 Europe: Mortar Systems Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Germany: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.2.1 Germany: Mortar Systems Market Breakdown, by Calibre
9.1.1.2.2 Germany: Mortar Systems Market Breakdown, by Type
9.1.1.3 France: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.3.1 France: Mortar Systems Market Breakdown, by Calibre
9.1.1.3.2 France: Mortar Systems Market Breakdown, by Type
9.1.1.4 Italy: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.4.1 Italy: Mortar Systems Market Breakdown, by Calibre
9.1.1.4.2 Italy: Mortar Systems Market Breakdown, by Type
9.1.1.5 UK: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.5.1 UK: Mortar Systems Market Breakdown, by Calibre
9.1.1.5.2 UK: Mortar Systems Market Breakdown, by Type
9.1.1.6 Russia: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.6.1 Russia: Mortar Systems Market Breakdown, by Calibre
9.1.1.6.2 Russia: Mortar Systems Market Breakdown, by Type
9.1.1.7 Rest of Europe: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.7.1 Rest of Europe: Mortar Systems Market Breakdown, by Calibre
9.1.1.7.2 Rest of Europe: 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 Thales SA
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 Elbit Systems Ltd
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 Rheinmetall AG
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 RUAG Group
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 Northrop Grumman Corp
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 Singapore Technologies Engineering Ltd
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 Arquus SAS
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 Hirtenberger Defence Europe GmbH
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
13. Appendix
13.1 About The Research Team
Table 1. Europe Mortar Systems Market Segmentation
Table 2. Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Table 3. Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Calibre
Table 4. Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 5. Europe: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 6. Germany: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Calibre
Table 7. Germany: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 8. France: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Calibre
Table 9. France: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 10. Italy: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Calibre
Table 11. Italy: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 12. UK: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Calibre
Table 13. UK: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 14. Russia: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Calibre
Table 15. Russia: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 16. Rest of Europe: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Calibre
Table 17. Rest of Europe: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 18. Heat Map Analysis by Key Players
Figure 1. Europe Mortar Systems Market Segmentation, by Country
Figure 2. Porter Analysis
Figure 3. Ecosystem Analysis
Figure 4. Mortar Systems Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Mortar Systems Market Revenue (US$ Million), 2021-2031
Figure 7. Mortar Systems Market Share (%) – by Calibre (2023 and 2031)
Figure 8. Small Calibre: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Medium Calibre: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Large Calibre: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Mortar Systems Market Share (%) – by Type (2023 and 2031)
Figure 12. Towed/Hand-Held: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Self-Propelled: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Europe Mortar Systems Market, by Key Countries – Revenue (2023) (US$ Million)
Figure 15. Europe: Mortar Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 16. Germany: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. France: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Italy: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. UK: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Russia: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Rest of Europe: Mortar Systems Market – Revenue and Forecast to 2031 (US$ Million)
The List of Companies – Europe Mortar Systems Market
o Thales SA.
o Elbit Systems Ltd.
o Rheinmetall AG.
o RUAG Group.
o Northrop Grumman Corp.
o Singapore Technologies Engineering Ltd.
o Arquus SAS
o Hirtenberger Defence Europe GmbH
You must be logged in to post a review.
Reviews
There are no reviews yet.