Market Summary
The Mortar Ammunition Market is growing due to innovation, evolving demand, and industry shifts. This report offers insights into market size, value, trends, competitive analysis, and key company strategies. It supports strategic planning with data-driven forecasts and regional insights, helping stakeholders identify opportunities, assess performance, and navigate the changing landscape effectively.
Key Report Highlights:
- Market size and projections
- Recent strategic moves by companies
- Primary stakeholders
- Import and export trends
- Competitive landscape assessment
- Emerging opportunities
- Market trends and indicators
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Market size and projections
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.
Market Key Driver –
The market is recording a robust growth pace, spurred on by surging geopolitical tensions across the globe.
Competitive Landscape:
The report profiles key players in the Mortar Ammunition market, including:
- 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]
These companies are adopting strategies such as mergers, acquisitions, and partnerships to strengthen their market position.
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Mortar Ammunition Market Segmentation Analysis:
The market is segmented into the following categories:
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
By Ammunition Calibre
- 60mm
- 81mm
- 82
- 120mm
By Range
- Short Range
- Medium Range
- Long Range
By Technological Advancement
- Standard Ammunition
- Advanced Ammunition
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.
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Key Questions Covered in the Report:
- What is the current size and value of the Mortar Ammunition market?
- How is the Mortar Ammunition market expected to grow by 2030?
- What key trends are shaping the future of the Mortar Ammunition market?
- What factors are driving demand in the Mortar Ammunition industry?
- Which regions show the strongest growth in the Mortar Ammunition market?
- Who are the major players in the Mortar Ammunition market and their strategies?
- What segments are leading revenue generation in the Mortar Ammunition market?
- How are regulations influencing the Mortar Ammunition market outlook?
- What are the major challenges facing the Mortar Ammunition market?
- What new technologies are emerging in the Mortar Ammunition industry?
- How is consumer behavior evolving in the Mortar Ammunition market space?
- What opportunities exist for new entrants in the Mortar Ammunition market?
- How does pricing vary across regions in the Mortar Ammunition market?
- What investment trends are impacting the Mortar Ammunition market growth?
- What is the forecasted CAGR for the Mortar Ammunition market through 2030?
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