The global mortar systems market is witnessing steady growth, supported by increasing military expenditure, modernization of defense capabilities, and rising procurement of advanced artillery systems. The mortar systems market size is projected to reach US$ 3.54 billion by 2031 from US$ 2.30 billion in 2023. The market is expected to register a CAGR of 5.5% during 2023–2031. Increasing investments in modern warfare technologies and the development of self-propelled artillery systems are contributing to market expansion.
Market Growth Drivers
One of the major factors supporting market growth is the rising number of contracts for mortar systems. Governments and armed forces are increasingly collaborating with manufacturers to procure suitable mortar solutions across different calibres and platforms. Defense forces are also investing in artillery systems, including mortars and howitzers, to strengthen their capabilities for short, medium, and long-range targets.
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Growing global military expenditure is another important factor. Increasing defense budgets enable governments to allocate more resources toward advanced warfare technologies, military vehicle upgrades, artillery systems, communication equipment, surveillance systems, and other defense technologies. This trend is creating sustained demand for modern mortar systems across various regions.
Advancements in Self-Propelled Systems
The increasing adoption of self-propelled mortar systems is an important trend influencing the market. Self-propelled systems can reduce logistics and transportation challenges associated with moving artillery equipment while also lowering the operational manpower required for deployment. Several European countries have used self-propelled mortar systems for years, while manufacturers continue developing advanced solutions to meet evolving military requirements.
The integration of unmanned systems for weapon delivery, surveillance, and detection is also supporting demand for self-propelled mortar systems. Military modernization programs are encouraging the development of solutions that offer greater mobility and operational flexibility.
Segmentation and Regional Landscape
The market is segmented by calibre into small calibre, medium calibre, and large calibre. By type, the market includes towed/hand-held and self-propelled systems. The medium calibre segment accounted for the largest market share, while the self-propelled segment is anticipated to register the fastest growth during the forecast period.
North America dominated the market, accounting for 32.9% of the market share in 2023. The region benefits from the presence of major defense manufacturers and continued procurement of advanced military systems. Asia Pacific is expected to record strong growth, with the region projected to register a CAGR of 8% during the forecast period. Increasing defense investments and efforts to strengthen indigenous defense capabilities are supporting demand across emerging markets.
Key Players
The mortar systems market is moderately consolidated, with several established companies competing through product development, government contracts, collaborations, and advanced military solutions. Key players include:
- Hirtenberger Defence Systems
- General Dynamics Ordnance and Tactical Systems
- Thales
- Elbit Systems Ltd
- Rheinmetall AG
- Raytheon Technologies Corporation
- RUAG Group
- Northrop Grumman Corporation
- ST Engineering
- Arquus
These companies are focused on providing mortar solutions to defense organizations and responding to increasing requirements for modern artillery capabilities.
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Future Outlook
The mortar systems market is expected to maintain steady growth through 2031 as countries continue increasing defense expenditure and modernizing military capabilities. Rising procurement contracts, growing adoption of self-propelled systems, and continued development of advanced artillery technologies are expected to create opportunities for market participants. The increasing focus on operational mobility, modernization, and diversified artillery capabilities is likely to remain important for the market’s future development.
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