MarkNtel Advisors Research Analyses that 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.
Which are the top companies operating in the Mortar Ammunition Market?
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, Thales, General Dynamics Ordinance and Tactical Systems, KNDS, and Others
Competitive Landscape and Mortar Ammunition Market Share Analysis:
The competitive landscape of the Mortar Ammunition market offers detailed insights by company. These insights include company overviews, financial performance, revenue specific to the Mortar Ammunition market, segment market potential, R&D investments, new market strategies, global footprint, production sites and capacities, key strengths and weaknesses, product launches, product range and diversity, as well as dominant applications.
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Research Scope and Market 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
By End User
- Defense Forces- Market Size & Forecast 2020-2030, USD Million
- Private Security/Military Firms- Market Size & Forecast 2020-2030, USD Million
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
Geographically, the report provides an in-depth analysis of consumption, revenue, market share, and growth rate—along with historical data and forecasts for the period 2025–2030 as detailed in the respective chapters.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Which are the driving factors of 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.
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.
Comprehensive Table of Contents Mortar Ammunition Market Analysis and Forecast (2025-2030)
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Research Methodology
- Overview of Methodological Approaches
- Study Objectives
- Foundational Methodology
- Scope Definition
- Key Assumptions and Limitations
- Forecasting Approach
- Macroeconomic Outlook
- Mortar Ammunition Market Porters Five Forces Analysis
- Mortar Ammunition Market Supply Chain Analysis
- Mortar Ammunition Market Trends & Insights
- Mortar Ammunition Market Dynamics
- Drivers
- Challenges
- Mortar Ammunition Market Growth Opportunities & Hotspots
- Mortar Ammunition Market Policy & Regulations
- Mortar Ammunition Market Pricing Analysis
- Mortar Ammunition Market Outlook, 2020-2030F
- Market Size & Outlook
- Revenues (USD Million)
- Units Sold
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