Mortar Ammunition Market Size, Insights, Growth Rate, Trends Analysis And Forecast To 2030

 

As per MarkNtel 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.

Mortar Ammunition Market Systems Market Insights:

The market is recording a robust growth pace, spurred on by surging geopolitical tensions across the globe. The Russian-Ukraine war, combined with those in the Middle East, has created increased demand for mortar ammunition, particularly high-explosive rounds, which are cheap and adaptable for offensive and defensive operations alike. Europe dominates the market in 2024 since the region has been expanding its production levels because of the war in Eastern Europe. Nations such as Ukraine have increased their mortar shell production to almost one million rounds annually owing to the war. Further, the continuous escalation of conflicts in the Middle East is also increasing the demand for mortar ammunition.

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Mortar Ammunition Market Systems Market Segmentation:

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

Mortar Ammunition Market 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.
  • March 2024: KNDS revealed details about its latest New MEPAC 120mm Mortar Systems for French and Belgian Armies.

Tap into future trends and opportunities shaping the Mortar Ammunition Market complete report: https://www.marknteladvisors.com/research-library/mortar-ammunition-market.html

Mortar Ammunition Market Drivers:

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.

Report Highlights Essential Insights for Strategic Decision-Making

  • Detailed market size, share, and forecast analysis
    • In-depth pricing trends and segment-wise cost evaluations
    • Key industry strategies, including innovation, partnerships, and acquisitions
    • Critical value chain analysis and stakeholder profiling
    • Regional import-export market insights and trade flow assessment
    • Thorough competitive benchmarking of top hearing aid manufacturers
    • Identification of new growth opportunities and niche market segments
    • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Mortar Ammunition Market are:

  • 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] and others.

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

  • Define objectives and research design
  • Collect data through surveys and interviews
  • Analyze and validate data using reliable tools
  • Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a trusted market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. With a global presence across 80+ markets, we empower OEMs, defense contractors, and policymakers with actionable insights on modernization programs and technological innovation. Through our Consulting Services, we translate data into strategies that strengthen competitiveness, ensure operational readiness, and support informed decision-making within rapidly evolving global defense ecosystems.

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