Markntel Advisors’ report, Mortar Ammunition Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Mortar Ammunition presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Mortar Ammunition Market Research Report & Market Summary:
The Global Mortar Ammunition Market size was valued at around USD 86 million in 2024 and is projected to reach USD 115 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2025-30.
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Mortar Ammunition Market Dynamics:
Key Driver-
Rising Geopolitical Tension – In the last few years, there has been a rise in geopolitical conflicts across the globe. The most significant of them is the ongoing conflict between Russia and Ukraine. The conflict between the two nations has been going on for more than two years now in 2024. This resulted in massive consumption of arms and ammunition including mortar ammunition given that it is a land-based incursion. Moreover, this conflict in Eastern Europe has sparked vigilance in European countries which resulted in the growth of their defense expenditure. For example, Europe has witnessed a rise in defense expenditure of around 16% on a YoY basis from 2022 to more than USD 550 billion in 2023. This increase in defense expenditure was used to provide arms and ammunition to Ukraine while also building its capabilities.
Apart from this, the conflict of Israel and Hamas which has now involved Syria and Lebanon, have increased demand for mortar ammunition in the Middle Eastern Region. For instance, the Jerusalem Post reported that Israeli Defense Forces are using their 120 mm mortar “iron string” against Hamas. The IDF used iron sting to destroy the rocket deposits and the launch pads of Hamas. Furthermore, the Nagorno-Karabakh conflict between Armenia and Azerbaijan increased weapon purchases by both countries. These developments across the world will boost the mortar usage thereby fueling the demand for mortar ammunition across the world.
Mortar Ammunition Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Ammunition Type
- High-Explosive Rounds- Market Size & Forecast 2020-2030, USD Million
- Illumination Rounds- Market Size & Forecast 2020-2030, USD Million
- Smoke Rounds- Market Size & Forecast 2020-2030, USD Million
- Precision Guided Rounds- Market Size & Forecast 2020-2030, USD Million
- Training Rounds- Market Size & Forecast 2020-2030, USD Million
- Anti-Personal Anti Material (MAPAM) Rounds- Market Size & Forecast 2020-2030, USD Million
The high-explosive (HE) rounds segment dominates the Global Mortar Ammunition Market with around 40% share. This is due to its versatility in offensive and defensive operations and it helps in dealing the highest possible damage to your adversaries.
By End User
- Defense Forces- Market Size & Forecast 2020-2030, USD Million
- Private Security/Military Firms- Market Size & Forecast 2020-2030, USD Million
Defense Forces make up the largest share (more than 90%) in the Global Mortar Ammunition Market in 2024. This is mainly because in contrast to defense forces, private security/military firms operate on a limited budget and do not involve a large scope of operations.
By Ammunition Calibre
- 60mm- Market Size & Forecast 2020-2030, USD Million
- 81mm- Market Size & Forecast 2020-2030, USD Million
- 82- Market Size & Forecast 2020-2030, USD Million
- 120mm- Market Size & Forecast 2020-2030, USD Million
By Range
- Short Range- Market Size & Forecast 2020-2030, USD Million
- Medium Range- Market Size & Forecast 2020-2030, USD Million
- Long Range- Market Size & Forecast 2020-2030, USD Million
By Technological Advancement
- Standard Ammunition- Market Size & Forecast 2020-2030, USD Million
- Advanced Ammunition- Market Size & Forecast 2020-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Europe holds the biggest share (around 40%) of the Global Mortar Ammunition Market in 2024. This is largely due to the region’s heightened mortar production capability due to the ongoing Russia-Ukraine war. Currently, Europe produces nearly a million rounds of ammunition including mortar ammunition as well. Moreover, Ukraine has also raised its mortar production capabilities to a nearly million mortar shells per year.
As indicated in the latest market research report published by Markntel Advisors, “Mortar Ammunition Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Mortar Ammunition industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/mortar-ammunition-market.html
Top Companies Operating in the Mortar Ammunition Market:
- Elbit Systems[S1]
- BAE Systems PLC[S2]
- Rheinmetall AG[S3]
- SAAB AB[S4]
- Northrop Grumman[S5]
- NAMMO AB[S6]
- Hirtenberger Defence Systems[S7]
- Singapore Technologies Engineering Ltd.[S8]
- Arsenal JSCo.[S9]
- Poongsan[S10]
- Day & Zimmermann[S11]
- ROSTEC[S12]
- CSG[S13]
- Thales[S14]
- General Dynamics Ordinance and Tactical Systems Corporation[S15]
- KNDS[S16]
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
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- What are the trends influencing the current scenario of the market?
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- How has the industry been evolving in terms of geography & Mortar Ammunition Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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