| Product Code: ETC13197711 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Mortar Ammunition Market was valued at USD 1.6 Billion in 2024 and is expected to reach USD 2.2 Billion by 2031, growing at a compound annual growth rate of 6.70% during the forecast period (2025-2031).
The global mortar ammunition market is experiencing steady growth driven by increasing defense budgets, ongoing military modernization programs, and rising geopolitical tensions. Mortar ammunition, which includes various types of shells and projectiles used in mortar systems, is essential for indirect fire support in military operations. Key market players are focusing on developing advanced mortar ammunition with improved accuracy, range, and lethality to enhance battlefield capabilities. The market is also witnessing a shift towards smart mortar ammunition equipped with guidance systems for precision strikes. North America and Europe dominate the market due to high defense spending, while the Asia-Pacific region is expected to witness significant growth due to escalating territorial disputes and increasing military investments. Overall, the global mortar ammunition market is projected to expand further as armed forces seek to enhance their artillery capabilities.
The Global Mortar Ammunition Market is witnessing a growing demand due to increasing military modernization efforts and conflicts around the world. Key trends include the development of advanced mortar systems with improved accuracy, range, and lethality, as well as the integration of smart technologies for enhanced targeting capabilities. Opportunities in the market are arising from the need for precision-guided mortar ammunition, lightweight and portable systems for infantry units, and the increasing focus on urban warfare capabilities. Additionally, investments in research and development for next-generation mortar ammunition, along with collaborations between defense contractors and technology companies, are driving innovation in the market. Overall, the Global Mortar Ammunition Market is poised for growth as militaries seek to enhance their indirect fire capabilities in modern combat scenarios.
The Global Mortar Ammunition Market faces challenges such as stringent regulations on arms exports, leading to limited market access for manufacturers. Additionally, the high costs associated with research and development of advanced mortar ammunition technology pose a barrier to entry for smaller companies in the market. Supply chain disruptions, geopolitical tensions affecting trade, and the constant need for innovation to stay ahead of competitors also present challenges in this sector. Furthermore, the growing trend towards precision-guided munitions and the increasing focus on reducing collateral damage require continuous adaptation and investment in new technologies, further complicating the market landscape for mortar ammunition manufacturers.
The Global Mortar Ammunition Market is primarily driven by increasing military modernization programs and rising defense budgets across various countries. The ongoing need for advanced mortar ammunition with improved accuracy, range, and lethality capabilities is fueling the market growth. Additionally, the growing geopolitical tensions and conflicts in different regions are driving the demand for mortar ammunition for military operations. Technological advancements in mortar systems, such as the development of precision-guided munitions and smart projectiles, are also contributing to the market expansion. Furthermore, the focus on enhancing infantry capabilities and the increasing adoption of mortar systems for urban warfare and counter-insurgency operations are further propelling the market growth.
Government policies related to the Global Mortar Ammunition Market primarily focus on regulating the production, trade, and use of mortar ammunition to ensure compliance with international arms control agreements and prevent illicit trafficking. Governments around the world implement strict export control measures, licensing requirements, and end-user certifications to monitor the flow of mortar ammunition across borders and prevent it from falling into the hands of unauthorized entities. Additionally, some countries have specific regulations governing the storage, transportation, and disposal of mortar ammunition to enhance safety and security measures. These policies aim to maintain stability in the global arms market, prevent the proliferation of weapons, and promote accountability among stakeholders involved in the mortar ammunition industry.
The Global Mortar Ammunition Market is expected to witness steady growth in the coming years, driven by increasing defense budgets in emerging economies, ongoing modernization programs in developed countries, and rising geopolitical tensions worldwide. The demand for mortar ammunition is anticipated to be fueled by the need for effective indirect fire support in various military operations, including counterinsurgency missions, border security, and urban warfare. Additionally, technological advancements in mortar systems, such as the development of precision-guided munitions and enhanced range capabilities, are likely to further boost market growth. However, factors such as strict regulations on arms trade, budget constraints in some regions, and the emergence of alternative weapon systems may pose challenges to the market expansion. Overall, the Global Mortar Ammunition Market is poised for moderate growth in the foreseeable future.
The Global Mortar Ammunition Market is witnessing varying trends across different regions. In Asia, particularly in countries like India and China, increasing defense budgets and geopolitical tensions are driving the demand for mortar ammunition. North America remains a key market due to high military spending and ongoing modernization efforts. In Europe, the market is influenced by NATO initiatives and the need for advanced mortar systems. The Middle East and Africa region is experiencing growth in demand for mortar ammunition due to regional conflicts and security challenges. Latin America is also a significant market, with countries like Brazil and Mexico investing in mortar systems to enhance their defense capabilities. Overall, the global mortar ammunition market is expected to see sustained growth, driven by these regional dynamics.
Global Mortar Ammunition Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Mortar Ammunition Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Mortar Ammunition Market Revenues & Volume, 2021 & 2031F |
3.3 Global Mortar Ammunition Market - Industry Life Cycle |
3.4 Global Mortar Ammunition Market - Porter's Five Forces |
3.5 Global Mortar Ammunition Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Mortar Ammunition Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Global Mortar Ammunition Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Mortar Ammunition Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Global Mortar Ammunition Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Mortar Ammunition Market Trends |
6 Global Mortar Ammunition Market, 2021 - 2031 |
6.1 Global Mortar Ammunition Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Mortar Ammunition Market, Revenues & Volume, By Light Caliber, 2021 - 2031 |
6.1.3 Global Mortar Ammunition Market, Revenues & Volume, By Medium Caliber, 2021 - 2031 |
6.1.4 Global Mortar Ammunition Market, Revenues & Volume, By Heavy Caliber, 2021 - 2031 |
6.2 Global Mortar Ammunition Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Mortar Ammunition Market, Revenues & Volume, By Military, 2021 - 2031 |
6.2.3 Global Mortar Ammunition Market, Revenues & Volume, By Homeland Security, 2021 - 2031 |
6.3 Global Mortar Ammunition Market, Revenues & Volume, By Component, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Mortar Ammunition Market, Revenues & Volume, By Fuzes & Primers, 2021 - 2031 |
6.3.3 Global Mortar Ammunition Market, Revenues & Volume, By Propellants, 2021 - 2031 |
6.3.4 Global Mortar Ammunition Market, Revenues & Volume, By Projectiles And Warheads, 2021 - 2031 |
7 North America Mortar Ammunition Market, Overview & Analysis |
7.1 North America Mortar Ammunition Market Revenues & Volume, 2021 - 2031 |
7.2 North America Mortar Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Mortar Ammunition Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.4 North America Mortar Ammunition Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Mortar Ammunition Market, Revenues & Volume, By Component, 2021 - 2031 |
8 Latin America (LATAM) Mortar Ammunition Market, Overview & Analysis |
8.1 Latin America (LATAM) Mortar Ammunition Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Mortar Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Mortar Ammunition Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.4 Latin America (LATAM) Mortar Ammunition Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Mortar Ammunition Market, Revenues & Volume, By Component, 2021 - 2031 |
9 Asia Mortar Ammunition Market, Overview & Analysis |
9.1 Asia Mortar Ammunition Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Mortar Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Mortar Ammunition Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.4 Asia Mortar Ammunition Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Mortar Ammunition Market, Revenues & Volume, By Component, 2021 - 2031 |
10 Africa Mortar Ammunition Market, Overview & Analysis |
10.1 Africa Mortar Ammunition Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Mortar Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Mortar Ammunition Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.4 Africa Mortar Ammunition Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Mortar Ammunition Market, Revenues & Volume, By Component, 2021 - 2031 |
11 Europe Mortar Ammunition Market, Overview & Analysis |
11.1 Europe Mortar Ammunition Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Mortar Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Mortar Ammunition Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.4 Europe Mortar Ammunition Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Mortar Ammunition Market, Revenues & Volume, By Component, 2021 - 2031 |
12 Middle East Mortar Ammunition Market, Overview & Analysis |
12.1 Middle East Mortar Ammunition Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Mortar Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Mortar Ammunition Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Mortar Ammunition Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.4 Middle East Mortar Ammunition Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Mortar Ammunition Market, Revenues & Volume, By Component, 2021 - 2031 |
13 Global Mortar Ammunition Market Key Performance Indicators |
14 Global Mortar Ammunition Market - Export/Import By Countries Assessment |
15 Global Mortar Ammunition Market - Opportunity Assessment |
15.1 Global Mortar Ammunition Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Mortar Ammunition Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.3 Global Mortar Ammunition Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Mortar Ammunition Market Opportunity Assessment, By Component, 2021 & 2031F |
16 Global Mortar Ammunition Market - Competitive Landscape |
16.1 Global Mortar Ammunition Market Revenue Share, By Companies, 2024 |
16.2 Global Mortar Ammunition Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |