Overview of the Global Mortar Ammunition Market:
Gain data-driven insights into the Global Mortar Ammunition Market Size, trends, and forecasts. This in-depth report delivers expert analysis of market drivers, segmentation, and emerging opportunities. It highlights key metrics and actionable findings in a professional, easy-to-scan format. Key statistics (market size, growth rates, share by segment) are presented up-front in bullet form for immediate impact.
Executive 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.
Global Mortar Ammunition Market 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.
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Mortar Ammunition Market Segmentation
Break down the market by key categories and geography. We outline major segments and provide size/share estimates for each.
-By Ammunition Type
- High-Explosive Rounds
- Illumination Rounds
- Smoke Rounds
- Precision Guided Rounds
- Training Rounds
- Anti-Personal Anti Materials (MAPAM) Rounds
The high-explosive (HE) rounds segment dominates the Global Mortar Ammunition Market with around 40% share.
-By End User
- Defense Forces
- Private Security/Military Firms
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
Geographical Analysis
-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.
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Competitive Market Strategies: List of Largest Mortar Ammunition Companies
Analysis of the competitive landscape and company strategies. We profile leading players Business Description, Product Portfolio, Recent Developments, and list key Strategic Alliances or Partnerships approaches.
- 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]
- Others
Future Market Analytics Focus Points
Look ahead to the analytics and trends shaping the industry’s future. This section suggests areas of emphasis for market analysis, such as:
- Identify Emerging Market Trends: Recognize new trends shaping industries.
- Leverage Big Data Analytics: Use data for informed decision-making strategies.
- Explore Geographic Expansion: Target growth opportunities in new areas.
- Analyze Consumer Behavior: Adapt to shifting preferences and habits.
- Emphasize Sustainability: Align strategies with ethical and sustainable practices.
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Objectives of the Study
Clearly state what the report aims to achieve. For example:
- Provide a comprehensive market overview with quantitative forecasts.
- Identify key market segments and competitive dynamics.
- Analyze trends and drivers influencing growth.
- Highlight challenges and risks, plus mitigation strategies.
- Offer actionable insights and recommendations for decision-makers.
Report Delivery Model
“Our market research report is available in multiple formats for convenience:
- Interactive PDFwith rich charts and data tables.
- PowerPoint summary deckfor easy presentation and sharing.
- Excelcontaining all research figure.
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