How big is the Mortar Ammunition Market?

The Mortar Ammunition Market size is expected to reach USD 87.46 million in 2024 and grow at a CAGR of 5.04% to reach USD 111.84 million by 2029. Read More

What is the current Mortar Ammunition Market size?

In 2024, the Mortar Ammunition Market size is expected to reach USD 87.46 million. Read More

Who are the key players in Mortar Ammunition Market?

Saab AB, Nammo AS, General Dynamics Corporation, BAE Systems plc and Elbit Systems Ltd. are the major companies operating in the Mortar Ammunition Market. Read More

Which is the fastest growing region in Mortar Ammunition Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Mortar Ammunition Market?

In 2024, the Asia Pacific accounts for the largest market share in Mortar Ammunition Market. Read More

What years does this Mortar Ammunition Market cover, and what was the market size in 2023?

In 2023, the Mortar Ammunition Market size was estimated at USD 83.05 million. The report covers the Mortar Ammunition Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mortar Ammunition Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Mortar Ammunition Market - Revenue, Size & Companies

Mortar Ammunition Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Mortar Ammunition Market Report is Segmented by Caliber Type (Light, Medium, and Heavy) and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Mortar Ammunition Industry Segmentation

The mortar ammunition market is semi-consolidated. Elbit Systems Ltd, BAE Systems PLC, Nammo AS, General Dynamics Corporation, and Saab AB are some leading market players. Companies are collaborating to develop new ammunition and explore new market opportunities. For instance, companies like Singapore Technologies Engineering Ltd, SAMI, and Hanwha Defense collaborated to produce different kinds of ammunition, including mortars. Such collaborations are expected to help them increase their market presence and share in global markets during the forecast period.

Advancements in mortar ammunition capabilities, like range, precision, and lethality, are significant for manufacturers to attract new customers. On the other hand, partnerships with other manufacturers to locally produce munitions will allow them to enter new markets during the forecast period. Local players from several countries are expected to enter the market in the coming years, driven by the growing push for the localization of military equipment. This factor is expected to increase the competition in the market in the coming years.