Middle East & Africa Mortar Systems Market
No. of Pages: 71 | Report Code: BMIRE00030851 | Category: Aerospace and Defense
No. of Pages: 71 | Report Code: BMIRE00030851 | Category: Aerospace and Defense
The Middle East & Africa mortar systems market was valued at US$ 209.21 million in 2023 and is anticipated to reach US$ 261.52 million by 2031; it is estimated to record a CAGR of 2.8% from 2023 to 2031. Deployment of Self-Propelled Mortar Systems Bolster Middle East & Africa Mortar Systems Market
The increasing application of unmanned systems for various purposes, including weapon delivery, surveillance, or detection, boosts the demand for self-propelled artillery systems. The increasing adoption of self-propelled artillery systems reduces the logistics and transportation challenges faced while moving any artillery system. Self-propelled artillery systems allow for the reduction of the operational manpower required to operate any artillery systems such as howitzer or rocket artilleries.
Many companies have already developed self-propelled artillery systems to provide their customers with reliable and desired mission solutions to remain competitive in the highly competitive marketplace. For instance, in 2021, Czech company EXCALIBUR ARMY announced the launch of its DITA 155 mm wheeled self-propelled howitzer system at IDEX 2021. Similarly, many other companies have been collaboratively working for the development and advancements in the self-propelled artillery systems that are expected to cater to the emerging needs for the customers in the coming years as well. Moreover, the majority of the companies are pushing their investments in terms of procurement of self-propelled howitzer systems. Hence, the increase in the deployment of self-propelled artillery systems is anticipated to be a trend in the mortar systems market.Middle East & Africa Mortar Systems Market Overview
The UAE, Saudi Arabia, and South Africa are a few of the prominent countries in the Middle East & Africa mortar systems market. In 2020, the military expenditure was US$ 129.9 billion, which increased to US$ 134.1 billion in 2021. In 2022, the Middle East & Africa's military expenditure was US$ 146.8 billion. In 2022, Saudi Arabia dominated in terms of military expenditure, followed by the UAE and South Africa. A prominent share of military expenditure is dedicated to the requirement for advanced equipment, devices, aircraft, ships, and armored vehicles in modern war, which is anticipated to boost the mortar systems market during the forecast period. The mortar systems market in the Middle East and Africa (MEA) is experiencing dynamic growth and transformation driven by geopolitical factors, regional security challenges, and technological advancements. The MEA has witnessed increased military expenditures and modernization initiatives by several nations, contributing to a heightened demand for advanced artillery systems.
In February 2023, it was disclosed that HALCON, an entity under EDGE and a prominent regional player in the design and manufacturing of guided weapon systems, entered into a strategic partnership with Rheinmetall Air Defence (RAD), a Swiss-based subsidiary of Rheinmetall known for its expertise in air defense and anti-aircraft systems. Under this collaboration, RAD is tasked with the development and qualification of the truck-mounted Oerlikon Multi Sensor Unit (MSU). This specialized unit is set to operate in tandem with HALCON's SkyKnight, a counter-rocket, artillery, and mortar (C-RAM) missile system utilized by the UAE. The partnership signals a significant advancement in regional defense capabilities, combining HALCON's proficiency in guided weaponry with RAD's air defense solutions, and is poised to contribute to the growth and modernization of the mortar systems market in the Middle East and Africa (MEA).
Strategic insights for the Middle East & Africa Mortar Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Mortar Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Mortar Systems Strategic Insights
Middle East & Africa Mortar Systems Report Scope
Report Attribute
Details
Market size in 2023
US$ 209.21 Million
Market Size by 2031
US$ 261.52 Million
Global CAGR (2023 - 2031)
2.8%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Calibre
By Type
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Mortar Systems Regional Insights
Middle East & Africa Mortar Systems Market Segmentation
The Middle East & Africa mortar systems market is categorized into calibre, type, and country.
Based on calibre, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa mortar systems market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The Rest of Middle East and Africa dominated the Middle East & Africa mortar systems market share in 2023.
Thales SA, Elbit Systems Ltd, Rheinmetall AG, Northrop Grumman Corp, and Singapore Technologies Engineering Ltd are some of the leading companies operating in the Middle East & Africa mortar systems market.
The Middle East & Africa Mortar Systems Market is valued at US$ 209.21 Million in 2023, it is projected to reach US$ 261.52 Million by 2031.
As per our report Middle East & Africa Mortar Systems Market, the market size is valued at US$ 209.21 Million in 2023, projecting it to reach US$ 261.52 Million by 2031. This translates to a CAGR of approximately 2.8% during the forecast period.
The Middle East & Africa Mortar Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Mortar Systems Market report:
The Middle East & Africa Mortar Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Mortar Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Mortar Systems Market value chain can benefit from the information contained in a comprehensive market report.