The latest report by Markntel Advisors, titled “Global Mortar Ammunition Market Research Report: Forecast (2025-2030)”, offers a comprehensive analysis of the industry, which comprises insights on Mortar Ammunition industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. According to the report, 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. Looking forward, Markntel Advisors projected the market to grow at a CAGR of around 5% during the forecast period, i.e., 2025-30.
What is Mortar Ammunition?
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.
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What are the Growth Prospects and Trends in the Global Mortar Ammunition Market?
The growth factors shaping the global Mortar Ammunition industry are as follows:
- Growing expenditure on defense at the global level
- Top player emphasis for boosting production capabilities
- Increasing conflicts across the Middle East region
- Integration of technological advancement in precision strike capabilities
- The rise of new competitors, the use of smart munitions, and the mounting need for portable and lightweight mortars
- Mounting numbers of regional conflicts and border disputes
What are the Challenges Restricting the Expansion of Global Mortar Ammunition Market Growth?
The major components hampering the industry’s growth are stated below:
- Inclination towards better alternatives such as Drones
- Stringent government policies and export controls
What is included in Industry Segmentation?
The report has segmented the market into the following categories:
Division by Ammunition Type:
- High-Explosive Rounds,
- Illumination Rounds,
- Smoke Rounds,
- Precision Guided Rounds,
- Training Rounds,
- Anti-Personal Anti Material (MAPAM) Rounds
Based on ammunition type, the high-explosive rounds segment leads the industry growth with 40% shares in historical years. This captivating growth is further accredited to the degrading hostile forces, destroying fortifications, and suppressing adversaries. Also, owing to its versatility in offensive and defensive operations. This is the reason, the requirements for HE mortar are gaining widespread attention and therefore, elevating the industry growth.
Division by End User:
- Defense Forces,
- Private Security/Military Firms
Division by Ammunition Calibre:
- 60mm,
- 81mm,
- 82mm,
- 120mm
Division by Range:
- Short Range,
- Medium Range,
- Long Range
Division by Technological Advancement:
- Standard Ammunition,
- Advanced Ammunition
Which Region is Gaining Momentum Across the Global Mortar Ammunition Industry?
The regions covered in the marker report are Asia-Pacific, Europe, North America, South America, the Middle East, and Africa. Europe region witnessed lucrative growth with a market share of 40% in previous years. This is majorly due to the availability of key players such as France and the United Kingdom investing in mortar ammunition to modernize their armed forces. Additionally, the ongoing geopolitical conflicts, particularly in Eastern Europe and the Middle East, further fuel the need for advanced mortar ammunition.
How Industry Players Strengthen the Growth of the Mortar Ammunition Industry Worldwide?
To strengthen their market position, certain market players 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 operating, not only to raise revenue but also to seek comprehensive attention and popularity from large customers. Therefore, looking forward to futuristic growth and betterment.
Additionally, Highlighting the recent update that demonstrates the further growth and market expansion:
- General Dynamics Ordinance and Tactical Systems approved 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 introduced details about its latest New MEPAC 120mm Mortar Systems for French and Belgian Armies.
- Rheinmetall in 2024 awarded 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.
- Rheinmetall in 2024 revealed a new range of high-explosive mortar ammunition featuring cutting-edge technology for enhanced performance and reliability. This new range promises increased explosive power and improved accuracy, thanks to advanced propellant and fuzing technologies.
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 global level.
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