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Guided Mortar System Market Analysis Report, Region, Trends, Competitive, Share and Forecast to 2032
Guided Mortar System Market
The global Guided Mortar System Market anticipated to reach USD 500.56 Million in 2023 and is expected to exhibit a CAGR of 5.34% over the forecast period 2023 to 2032.
Guided mortars systems are weapons that are guided which reduce the consumption of ammunitions and increase the accuracy of firing. It increases the probability of first round hit, significantly decrease the chances of collateral damage, and allow targeting very precisely
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Covered in this Report:
1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6. Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
Some of the Major Key players profiled in the study are Elbit Systems (Israel), State Kyiv Design Bureau "Luch" (Ukraine), Thales (France), General Dynamics (US), Raytheon Technologies (US), Hirtenberger Defence Systems GmbH and Co KG (Austria), RUAG Group (Switzerland), ST Engineering (Singapore) LIG Nex 1 (South Korea), and Northrop Grumman Corporation (U.S.).
Key Drivers of the Guided Mortar System Market:
The increase in the demand for guided mortar system over typical mortar systems, rise in the military expenditure of various nations, increasing border tensions in Europe and Asia-Pacific region, increasing modernization of military weapons worldwide.
Market Segmentation:
• by Mortar Type (Ground Mounted, Vehicle Mounted, Shoulder Fired)
• by Component (Bipod, Baseplate, Cannon, Fire Control System, Gun turret, Ammunition Handling System, Chassis, Engine, Auxiliary System)
• by Guidance Type (GPS, INS, Laser)
• by Caliber (120 mm, 81 mm, 60 mm)
• by Range (Short 1 to 8 kms, Medium 1 to 12 kms, Long 1 to 16 kms)
Industry Development of the Guided Mortar System market:
• In October, 2022, the US army tested an instrumented mortar system made by a collaboration of Cubic and General Dynamics business units for synthetic training use.
• In June 2022, Thales, Arquus and NTGS has launched the New Sherpa Advanced Mobile Mortar (A2M).
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Regional Coverage:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
➸ North America
➸ South America
➸ Asia and Pacific region
➸ Middle East and Africa
➸ Europe
Benefits of the Report:
1. A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
2. Top-down and bottom-up approach for regional analysis
3. Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
4. By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Frequently Asked Questions:
1. What should be entry strategies, countermeasures to economic impact, and marketing channels?
2. What are market dynamics?
3. What are challenges and opportunities?
4. What is economic impact on Guided Mortar System market?
5. What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?
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