Market Overview:
The global mortar fuzes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mortar fuzes from the military and civil applications segments. In terms of type, the mechanical type segment is expected to lead the global mortar fuzes market during the forecast period, followed by the electronic type segment. The growth in this segment can be attributed to factors such as technological advancements and miniaturization of electronic components.
Product Definition:
A mortar fuze is a type of detonator that is used to set off explosives, such as in a mortar bomb. The fuze is inserted into the explosive device and when it is triggered, it sets off the explosive. This allows the bomb to be detonated at a specific time or location. The importance of mortar fuzes lies in their ability to accurately target an explosion.
Mechanical Type:
Mechanical type is a device that opens and closes a circuit, which enables the initiation of an action by means of a pin or spring. The most common example would be the trigger in your finger. There are two types of mechanical fuzes namely contact and non-contact mechanical fuzes.
Electronic Type:
Electronic type is a device that helps in increasing the force of impact by triggering an explosion. It does this by converting electrical energy into mechanical energy using a trigger mechanism. The most common way of using electronic fuzes is to send a signal which controls the start and stop times of the explosion. They are used for various applications such as mining, quarrying, construction, and military among others.
Application Insights:
The military applications segment dominated the global mortar fuzes market in terms of revenue share in 2017. The high demand from various countries for developing and maintaining a strong military force is expected to be the key factor driving the product demand over the forecast period.
The other segment includes construction and mining activities where explosives are used for blasting purposes. Mortar bombs are also used in fireworks displays and civil celebrations including anniversaries, festivals, parades and carnivals. The increasing number of such events has led to an increased use of mortars which is anticipated to fuel product demand over the forecast period.
Regional Analysis:
North America dominated the global mortar fuzes market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of prominent players such as Alliant Techsystems, Inc.; Oerlikon Contraves; and Honeywell International Inc., headquartered in this region. The U.S.-based companies are engaged in providing mortars and other artillery weapons for use by the armed forces, law enforcement agencies, and defense organizations across various countries around the world.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing demand from China on account of rapid expansionism undertaken by that country since World War II till today coupled with its efforts towards modernization along with economic development which has resulted into increased spending on military equipment & warfare systems including mortars thereby driving industry growth over next eight years or so until 2030 AD (assuming an average life expectancy).
Growth Factors:
- Increasing demand for smart and precision-guided munitions from the military sector is expected to drive the growth of mortar fuzes market over the forecast period.
- Growing investments by governments for modernization of armed forces is also anticipated to propel the demand for mortar fuzes in the coming years.
- Proliferation of terrorist activities and insurgencies across regions are expected to create opportunities for mortar fuzes manufacturers in near future.
- Technological advancements in fuze design and development are projected to fuel the growth of global mortar fuzes market over next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Mortar Fuzes Market Research Report
By Type
Mechanical Type, Electronic Type
By Application
Civil Applications, Military Applications, Other
By Companies
L3 Technologies, Orbital ATK, Kaman, Expal (Maxam Group), JUNGHANS Microtec GmbH, Reutech Fuchs Electronics, DIXI Microtechniques, Anhui Great Wall Military Industry, Sandeep Metalcraft, Reshef Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Mortar Fuzes Market Report Segments:
The global Mortar Fuzes market is segmented on the basis of:
Types
Mechanical Type, Electronic Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil Applications, Military Applications, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- L3 Technologies
- Orbital ATK
- Kaman
- Expal (Maxam Group)
- JUNGHANS Microtec GmbH
- Reutech Fuchs Electronics
- DIXI Microtechniques
- Anhui Great Wall Military Industry
- Sandeep Metalcraft
- Reshef Technologies
Highlights of The Mortar Fuzes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Type
- Electronic Type
- By Application:
- Civil Applications
- Military Applications
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mortar Fuzes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mortar Fuzes are a type of explosive that use an explosive charge to fire a projectile.
Some of the major players in the mortar fuzes market are L3 Technologies, Orbital ATK, Kaman, Expal (Maxam Group), JUNGHANS Microtec GmbH, Reutech Fuchs Electronics, DIXI Microtechniques, Anhui Great Wall Military Industry, Sandeep Metalcraft, Reshef Technologies.
The mortar fuzes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mortar Fuzes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mortar Fuzes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mortar Fuzes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mortar Fuzes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mortar Fuzes Market Size & Forecast, 2018-2028
4.5.1 Mortar Fuzes Market Size and Y-o-Y Growth
4.5.2 Mortar Fuzes Market Absolute $ Opportunity
Chapter 5 Global Mortar Fuzes Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Mortar Fuzes Market Size Forecast by Type
5.2.1 Mechanical Type
5.2.2 Electronic Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Mortar Fuzes Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Mortar Fuzes Market Size Forecast by Applications
6.2.1 Civil Applications
6.2.2 Military Applications
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mortar Fuzes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mortar Fuzes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Mortar Fuzes Analysis and Forecast
9.1 Introduction
9.2 North America Mortar Fuzes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Mortar Fuzes Market Size Forecast by Type
9.6.1 Mechanical Type
9.6.2 Electronic Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Mortar Fuzes Market Size Forecast by Applications
9.10.1 Civil Applications
9.10.2 Military Applications
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Mortar Fuzes Analysis and Forecast
10.1 Introduction
10.2 Europe Mortar Fuzes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Mortar Fuzes Market Size Forecast by Type
10.6.1 Mechanical Type
10.6.2 Electronic Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Mortar Fuzes Market Size Forecast by Applications
10.10.1 Civil Applications
10.10.2 Military Applications
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Mortar Fuzes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Mortar Fuzes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Mortar Fuzes Market Size Forecast by Type
11.6.1 Mechanical Type
11.6.2 Electronic Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Mortar Fuzes Market Size Forecast by Applications
11.10.1 Civil Applications
11.10.2 Military Applications
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Mortar Fuzes Analysis and Forecast
12.1 Introduction
12.2 Latin America Mortar Fuzes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Mortar Fuzes Market Size Forecast by Type
12.6.1 Mechanical Type
12.6.2 Electronic Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Mortar Fuzes Market Size Forecast by Applications
12.10.1 Civil Applications
12.10.2 Military Applications
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Mortar Fuzes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Mortar Fuzes Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Mortar Fuzes Market Size Forecast by Type
13.6.1 Mechanical Type
13.6.2 Electronic Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Mortar Fuzes Market Size Forecast by Applications
13.10.1 Civil Applications
13.10.2 Military Applications
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mortar Fuzes Market: Competitive Dashboard
14.2 Global Mortar Fuzes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 L3 Technologies
14.3.2 Orbital ATK
14.3.3 Kaman
14.3.4 Expal (Maxam Group)
14.3.5 JUNGHANS Microtec GmbH
14.3.6 Reutech Fuchs Electronics
14.3.7 DIXI Microtechniques
14.3.8 Anhui Great Wall Military Industry
14.3.9 Sandeep Metalcraft
14.3.10 Reshef Technologies
