Mortar Ammunition Market Forecast 2030: Key Players & Emerging Trends

Mortar Ammunition Market Size & Insights

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.

The market is recording a robust growth pace, spurred on by surging geopolitical tensions across the globe. The Russian-Ukraine war, combined with those in the Middle East, has created increased demand for mortar ammunition, particularly high-explosive rounds, which are cheap and adaptable for offensive and defensive operations alike. Europe dominates the market in 2024 since the region has been expanding its production levels because of the war in Eastern Europe. Nations such as Ukraine have increased their mortar shell production to almost one million rounds annually owing to the war. Further, the continuous escalation of conflicts in the Middle East is also increasing the demand for mortar ammunition.

What are the Key Driver in the Mortar Ammunition Market?

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.

What are the Key Segments in the Mortar Ammunition Market?

The Mortar Ammunition is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Ammunition Type

High-Explosive Rounds
Illumination Rounds
Smoke Rounds
Precision Guided Rounds
Training Rounds
Anti-Personal Anti Material (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
81mm
82
120mm

By Range

Short Range
Medium Range
Long Range

By Technological Advancement

Standard Ammunition
Advanced Ammunition

Boost Your Company's Decisions by Getting a Free Sample Right Away- https://www.marknteladvisors.com/query/request-sample/mortar-ammunition-market.html

How does geographical analysis highlight in the Mortar Ammunition market?

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.

Who are the Key Players in 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]
Others

Browse Full Reports - https://www.marknteladvisors.com/research-library/mortar-ammunition-market.html

Mortar Ammunition Market News

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.

Key pillars of the research methodology include:

Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.

Gain exclusive access to our comprehensive insights on the Future of Mortar Ammunition Market. With tailored licensing options, including Mini Report Pack, Excel Data Pack, Single User, Multiuser, and Enterprise Packs, our research empowers organizations to navigate dynamic market trends effectively.

Select a License That Matches Your Business Requirements with Instant Offer - https://www.marknteladvisors.com/pricing/mortar-ammunition-market.html

Our Trusted Experts Are Here to Help:

At MarkNtel Advisors, we are committed to delivering data-driven insights and strategic intelligence that empower your business decisions. Whether you have a question, need customized research, or want to explore partnership opportunities, our team is here to support you every step of the way.

Other Reports:

Reach Us:

MarkNtel Advisors

Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Contact No: +91 8719999009

Email: sales@marknteladvisors.com

Visit our Website: https://www.marknteladvisors.com

We’re always open to sharing insights, exploring ideas. Follow us to stay updated on the latest news and industry trends.