According to Markntel Advisors Report, Mortar Ammunition Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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.

Global Mortar Ammunition Market Research Report & Summary:

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.     

Time Period Captured in the Report:

·         Historical Years: 2020-2023

·         Base Years: 2024

·         Forecast Years: 2025-2030

Who are the Key Players Operating in the Mortar Ammunition Market?

The top companies of the Mortar Ammunition Market ruling the industry are: 

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

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Mortar Ammunition Industry Recent Development:

·         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.

What is Included in Mortar Ammunition Market Segmentation?

The Mortar Ammunition Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-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

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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Market Dynamics -Global 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.

Apart from this, the conflict of Israel and Hamas which has now involved Syria and Lebanon, have increased demand for mortar ammunition in the Middle Eastern Region. For instance, the Jerusalem Post reported that Israeli Defense Forces are using their 120 mm mortar “iron string” against Hamas. The IDF used iron sting to destroy the rocket deposits and the launch pads of Hamas.  Furthermore, the Nagorno-Karabakh conflict between Armenia and Azerbaijan increased weapon purchases by both countries. These developments across the world will boost the mortar usage thereby fueling the demand for mortar ammunition across the world.

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