MarkNtel Advisors recently published a detailed industry analysis of the Global Mortar Ammunition Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Mortar Ammunition Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The 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.
What are the major Driver the Global Mortar Ammunition industry?
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.
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What segments define the Global Mortar Ammunition Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
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
By End User
- Defense Forces- Market Size & Forecast 2020-2030, USD Million
- Private Security/Military Firms- Market Size & Forecast 2020-2030, USD Million
According to report, Defense Forces make up the largest share (more than 90%) in the Global Mortar Ammunition Market in 2024.
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
According to report, The high-explosive (HE) rounds segment dominates the Global Mortar Ammunition Market with around 40% share.
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
Explore the Complete Global Mortar Ammunition Market Analysis Report – https://www.marknteladvisors.com/research-library/mortar-ammunition-market.html
Geographical Analysis: Global Mortar Ammunition Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Mortar Ammunition Market Share & Competitive Landscape:
The Mortar Ammunition Market characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Mortar Ammunition Market are:
- Elbit Systems
- BAE Systems PLC
- Rheinmetall AG[
- SAAB AB
- Northrop Grumman
- NAMMO AB
- Hirtenberger Defence Systems
- Singapore Technologies Engineering Ltd.
- Arsenal JSCo.
- Poongsan
- Day & Zimmermann
- ROSTEC
- CSG[S
- Thales
- General Dynamics Ordinance and Tactical Systems Corporation
- KNDS
Global Mortar Ammunition Industry Recent Development:
- August 2024: General Dynamics Ordinance and Tactical Systems is the principal contractor for the Government of Israel, for the purchase of fifty thousand (50,000) M933A1 120mm High Explosive (HE) mortar cartridges with M783 fuzes.
- March 2024: KNDS revealed details about its latest New MEPAC 120mm Mortar Systems for French and Belgian Armies.
Questions Addressed in this Study
1.What factors are driving the Global Mortar Ammunition Market growth?
2.How is the Global Mortar Ammunition Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Mortar Ammunition Market Market?
4.What is the current size of the Global Mortar Ammunition Market Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Mortar Ammunition Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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