The Mortar Ammunition industry is experiencing tremendous growth, primarily owing to the surging geopolitical tensions across the globe. Moreover, another prominent factor such as rising terrorism and regional conflicts, mounting defense budget across the globe, facilitates exponential growth of the global mortar ammunition industry.
Markntel Advisor’s Mortar Ammunition Market Insights report provides the current and forecast market analysis, leading companies’ market shares, challenges, drivers, barriers, Global Mortar Ammunition Market Trends, and key Players in Mortar Ammunition market.
Key Takeaways from the Report:
- As per Markntel Advisors estimates, Europe Mortar Ammunition Market held the largest potential shares (40%) which contribute to the robust growth in the recent years.
- In the End User segment of the global industry, the defense force category acquired more than 90% of the entire market share owing to the acquisition of new systems and the training initiatives undertaken by various defense forces.
- Notable Mortar Ammunition companies such as 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, are currently operating in the growing industry.
- General Dynamics Ordnance and Tactical Systems in 2024 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.
- KNDS in 2024 revealed details about its latest New MEPAC 120mm Mortar Systems for French and Belgian Armies.
- Rheinmetall in 2024 awarded a contract by the Spanish authorities to supply 104,000 mortar projectiles in various caliber sizes, including 60 mm, 81 mm, and 120 mm, by the end of 2025.
- Nammo AS in 2024 received USD 95 Million from the Norwegian government to boost its production. Nammo will use the funding largely on its 155mm artillery ammunition.
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Mortar Ammunition Overview
Mortar ammunition is explosive rounds designed to be used from mortar weapons. Typically, the weapons discharge shells at steep angles that allow the shells to hit the enemy at the bottom of trenches, bunkers, or other barriers and targets. Mortar ammunition includes different types such as high-explosive, smoke, and illumination rounds, which are tailored to meet specific combat requirements.
Mortar Ammunition Market Insights
According to the recent report published by Markntel Advisors, Global Mortar Ammunition Market size was valued at around USD 86 million in 2024 and is projected to reach USD 115 million by 2030. Looking forward, Markntel Advisors projected the industry to grow at a CAGR of around 5% during the forecast period, i.e., 2025-30. Europe Mortar Ammunition Industry has attained significant shares in the recent years, and dominates the global industry. This flourishing growth is significantly attributed to the heightened mortar production capability due to the ongoing Russia-Ukraine war. Presently, Europe is considered as one of the prominent regions that produces nearly a million rounds of ammunition. Likewise, Ukraine has also raised its supply competences to nearly a million mortar shells per year.
Mortar Ammunition Market Dynamics
The global mortar ammunition industry comprises several countries that expend significant resources toward augmenting their current military prowess by procuring new weapon systems or modernizing their existing deployment systems with advanced ammunition rounds. The growth in territorial issues has also propelled the procurement of mortar systems by the land forces over the years. Moreover, the mortars witnesses rejuvenated demand owing to new technology integration and enhances deployment scope by infantry and artillery units of global armed forces. Additionally, in response to growing demand, the top market players are increasing their production capabilities, facilitating the industry to expand with flourish defense budgets and production capacity. The growth in territorial issues has also propelled the procurement of mortar systems by the land forces over the years. Furthermore, the rising geopolitical conflicts across the globe, this resulted in massive consumption of arms and ammunition, including mortar ammunition, given that it is a land-based incursion, further propelling the industry expansion.
Mortar Ammunition Market Segmentation:
- Mortar Ammunition Market By Ammunition Type: High-Explosive Rounds, Illumination Rounds, Smoke Rounds, Precision Guided Rounds, Training Rounds, Anti-Personal Anti Material (MAPAM) Rounds
- Mortar Ammunition Market By Ammunition Calibre: 60mm, 81mm, 82, 120mm
- Mortar Ammunition Market By Range: Short Range, Medium Range, Long Range
- Mortar Ammunition Market By Technological Advancement: Standard Ammunition, Advanced Ammunition
- Mortar Ammunition Market By End User: Defense Forces, Private Security/Military Firms
- Mortar Ammunition Market By Region: North America, South America, Europe, The Middle East and Africa, and Asia-Pacific
Future Outlook of the Mortar Ammunition Industry
As per the analytical report published by Markntel Advisors, the Mortar Ammunition industry is anticipated to grow & flourish during the forecast period as the above-stated factors are changing the market landscape and opening doors to the market players. Market players can enhance their market size & revenue by meeting the changing market dynamics and evolving consumer expectations. Additionally, market players with the help of SWOT analysis can adjust their existing settings regarding the evolving market trends, which would ultimately augment the size & volume of the entire industry at the national level.
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