(MENAFN- EIN Presswire) Mortar Artillery System
On the contrary, self-propelled artillery system and automation of artillery firing system present new pathways in the industry.
OREGAON, PORTLAND, UNITED STATES , June 6, 2023/einpresswire.com / -- The global mortar artillery system market is experiencing a significant growth due to surge in cross border conflicts. Mortar artillery systems are simple, lightweight, man-portable, and muzzle-loaded weapon system, consisting of a smooth-bore metal tube fixed to a base plate with a lightweight bipod mount and a sight. Moreover, mortar artillery systems launch explosive shells or bombs in high-arching ballistic trajectories. Further, mortars are used extensively as indirect fire weapons for close fire support to suppress and neutralize enemy forces with a variety of ammunition. Mortar artillery weapon aims & fires a projectile without relying on the direct line of sight between the target and artillery gun.
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Top impacting factors
Surge in military expenditure, increase in demand for long range fire support, and rise in adoption of military modernization programs are the factors that drive the global mortar artillery system market. However, large storage facilities required for large artillery system hinder the market growth. On the contrary, self-propelled artillery system and automation of artillery firing system present new pathways in the industry.
Surge in military expenditure
Nations are investing in advance weapon system to establish dominance in the battlefield. For instance, in 2020, Raytheon Technologies Corporation (defense system manufacturer headquartered in Massachusetts, US) announced that the company will provide a battlefield network for automated planning, coordinating, controlling and executing artillery fire and effects to the Jordanian military under terms of a 29.3 million USD contract. Also, the US Army Contracting Command at Aberdeen Proving Ground, Maryland, US, has asked the Raytheon Intelligence & Space segment (headquartered in Indiana, US) to provide the advanced field artillery tactical data system (AFATDS) to Jordan under a bilateral government agreement. AFATDS ranks targets in importance based on sensor data, and performs attack analysis using situational data combined with commander's guidance.
In addition, the system is designed to produce timely, accurate, and coordinated fire support options to attack targets using Army, Marine, Navy, and Air Force weapon systems. Moreover, AFATDS seeks to manage attacks on preplanned and time-sensitive targets by supporting weapon systems such as mortar artillery system that provide front line fire support including close-air support, attack helicopters, and naval surface fire support among others. Such investment in modular modification of existing weapons systems is expected to drive the global artillery system market.
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Key benefits
This study presents the analytical depiction of the global mortar artillery system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global mortar artillery system market share.
The current market is quantitatively analyzed to highlight the global mortar artillery system market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global mortar artillery system market analysis based on competitive intensity and how the competition will take shape in coming years.
The key players profiled in this report include Avibras, IMI Systems, ST Engineering, BAE Systems, Lockheed Martin, General Dynamics, Elbit Systems, RUAG Group., Hanwha Group, Denel SOC Ltd
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Questions answered in the mortar artillery system market research report:
Q1. Which are the leading market players active in the mortar artillery system market?
Q2. What are the current trends that will influence the market in the next few years?
Q3. What are the driving factors, restraints, and opportunities in the market?
Q4. What are the projections for the future that would help in taking further strategic steps?
David Correa
Allied Analytics LLP
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