PUBLISHER: Aviation & Defense Market Reports (A&D) | PRODUCT CODE: 1501744
PUBLISHER: Aviation & Defense Market Reports (A&D) | PRODUCT CODE: 1501744
Global Mortar Ammunition Market 2024-2034
The global Mortar Ammunition market is estimated at USD 80 billion in 2024, projected to grow to USD 94 billion by 2034 at a Compound Annual Growth Rate (CAGR) of 1.63% over the forecast period 2024-2034.
Introduction to the Global Mortar Ammunition Market
Mortar ammunition refers to explosive projectiles fired from a muzzle-loading, high-angle trajectory weapon known as a mortar. These weapons are valued for their portability, ease of use, and ability to deliver indirect fire over obstacles. Mortar ammunition comes in various calibers, with the most common being 60mm, 81mm, and 120mm. Each caliber caters to different tactical needs, with larger calibers offering greater range and explosive power. The global mortar ammunition market encompasses various product segments.
Technology Impact in the Mortar Ammunition Market
Technological advancements are transforming the mortar ammunition market, leading to the development of more sophisticated and effective rounds. Here are some key trends: Precision-Guided Munitions (PGMs) are significantly improving accuracy and reducing collateral damage through the integration of laser or GPS guidance systems. PGMs allow for precise targeting of enemy positions, even in complex environments. Smart mortar shells incorporate advanced electronics and sensors to offer real-time data on trajectory, impact, and target conditions. They can adjust their flight path mid-air for increased effectiveness against moving targets. The integration of artificial intelligence (AI) holds promise for further enhancing capabilities, enabling adaptive targeting and improved decision-making.
Enhanced propellants and explosives are another area of significant development. New propellants offer greater energy output, allowing mortars to fire shells further and faster. Advanced explosives provide more powerful and controlled detonations, maximizing destructive potential while minimizing unintended damage. Modular mortar systems enable the rapid reconfiguration of mortar units to adapt to specific missions. This modularity extends to the ammunition itself, with shells that can be customized with different payloads, fuses, and guidance systems. This versatility allows for a more adaptable response to diverse combat scenarios. These advancements are fostering a market shift towards more sophisticated and lethal mortar ammunition, catering to the evolving needs of modern warfare.
Key Drivers in the Global Mortar Ammunition Market
Several factors are driving the growth of the global mortar ammunition market, Ongoing geopolitical tensions and regional conflicts are major drivers of demand for mortar ammunition. Countries involved in conflicts or facing potential threats prioritize acquiring advanced mortar ammunition to strengthen their defense capabilities. This demand is particularly evident in regions with unstable political landscapes or aggressive neighbors. Many countries are undertaking extensive military modernization programs to upgrade their armed forces. These programs often include the replacement of outdated mortar systems and ammunition with more advanced and capable alternatives. Modernization efforts aim to enhance the operational readiness, lethality, and overall effectiveness of military units, creating a strong demand for modern mortar ammunition. Modern warfare demands more precise and efficient weaponry. New mortar ammunition with improved accuracy, range, and lethality caters to this need, allowing for targeted strikes with minimal collateral damage. Compared to other weapon systems, mortars offer a cost-effective solution for delivering indirect fire. This cost-effectiveness is particularly attractive for developing nations or those facing budget constraints. These factors, combined with ongoing technological advancements, are propelling the global mortar ammunition market towards a promising future.
Regional Trends in the Global Mortar Ammunition Market
Regional trends in the global mortar ammunition market reflect diverse geopolitical, economic, and military dynamics across different parts of the world. These trends underscore how regional factors influence the demand, production, and innovation within the mortar ammunition sector. In North America, particularly in the United States, the market for mortar ammunition is driven by robust defense spending and military modernization initiatives. The U.S. Department of Defense continuously invests in upgrading its mortar systems to maintain military readiness and technological superiority. Research and development efforts focus on enhancing the precision, range, and effectiveness of mortar ammunition, aligning with the U.S. military's strategy for flexible and responsive firepower capabilities. Europe's market for mortar ammunition is influenced by NATO's defense policies and regional security challenges. Countries within NATO prioritize interoperability and joint defense capabilities, leading to collaborative efforts in developing advanced mortar systems. European defense industries emphasize innovation in mortar technology to enhance accuracy, reduce collateral damage, and adapt to diverse operational environments. The region's focus on defense modernization and integration of high-tech solutions drives the demand for sophisticated mortar ammunition across member states.
The Asia-Pacific region is experiencing significant growth in the mortar ammunition market due to escalating regional tensions and military modernization programs. Nations such as China, India, and Japan are expanding their defense capabilities, including upgrading mortar systems to address territorial disputes and security threats. Increased defense budgets support the procurement of advanced mortar ammunition with enhanced range, accuracy, and adaptability. Additionally, technological advancements in guidance systems and explosives are shaping the market landscape, catering to the strategic defense needs of countries in the region. In the Middle East and Africa, the demand for mortar ammunition is driven by ongoing conflicts, internal security challenges, and efforts to bolster defense capabilities. Nations in this region prioritize acquiring effective mortar systems to support counterinsurgency operations, border security, and defense against asymmetric threats. Collaboration with international defense suppliers and technological advancements play a crucial role in meeting the region's requirements for robust and versatile mortar ammunition solutions.
Key Mortar Ammunition Programs
Rheinmetall AG of Dusseldorf has secured a significant contract for mortar ammunition, valued at around €50 million. The deal, involving Rheinmetall Denel Munition of South Africa, will provide a customer in the Middle East/North Africa (MENA) region with ammunition for a mobile 120mm mortar system. This multi-year contract, executed in partnership with a local company in the customer's country, includes tens of thousands of service, illumination, and smoke/obscurant rounds. These rounds are specifically developed for the advanced mobile mortar system, boasting ballistic characteristics tailored to its sophisticated fire control unit. With a range exceeding 8,000 meters and proven battlefield performance, this ammunition reinforces Rheinmetall's market-leading and technological prowess.
Rheinmetall has secured a substantial order from the Spanish government, valued in the high double-digit million euro range. Under this agreement, Rheinmetall will deliver a total of 104,000 mortar rounds in 60mm, 81mm, and 120mm calibres to the Spanish army by the end of 2025. This framework agreement, finalized in the first quarter of 2024, is the second of its kind and includes an option for a two-year extension.
Table of Contents
Mortar Ammunition Market Report Definition
Mortar Ammunition Market Segmentation
By Guidance
By Type
By Region
Mortar Ammunition Market Analysis for next 10 Years
The 10-year mortar ammunition market analysis would give a detailed overview of mortar ammunition market growth, changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.
Market Technologies of Mortar Ammunition Market
This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.
Global Mortar Ammunition Market Forecast
The 10-year mortar ammunition market forecast of this market is covered in detailed across the segments which are mentioned above.
Regional Mortar Ammunition Market Trends & Forecast
The regional mortar ammunition market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking. The current market size is estimated based on the normal scenario.
North America
Drivers, Restraints and Challenges
PEST
Market Forecast & Scenario Analysis
Key Companies
Supplier Tier Landscape
Company Benchmarking
Europe
Middle East
APAC
South America
Country Analysis of Access Control Market
This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.
US
Defense Programs
Latest News
Patents
Current levels of technology maturation in this market
Market Forecast & Scenario Analysis
Canada
Italy
France
Germany
Netherlands
Belgium
Spain
Sweden
Greece
Australia
South Africa
India
China
Russia
South Korea
Japan
Malaysia
Singapore
Brazil
Opportunity Matrix for Mortar Ammunition Market
The opportunity matrix helps the readers understand the high opportunity segments in this market.
Expert Opinions on Mortar Ammunition Market Report
Hear from our experts their opinion of the possible analysis for this market.
Conclusions
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List of Tables
- Table 1: 10 Year Market Outlook, 2024-2034
- Table 2: Drivers, Impact Analysis, North America
- Table 3: Restraints, Impact Analysis, North America
- Table 4: Challenges, Impact Analysis, North America
- Table 5: Drivers, Impact Analysis, Europe
- Table 6: Restraints, Impact Analysis, Europe
- Table 7: Challenges, Impact Analysis, Europe
- Table 8: Drivers, Impact Analysis, Middle East
- Table 9: Restraints, Impact Analysis, Middle East
- Table 10: Challenges, Impact Analysis, Middle East
- Table 11: Drivers, Impact Analysis, APAC
- Table 12: Restraints, Impact Analysis, APAC
- Table 13: Challenges, Impact Analysis, APAC
- Table 14: Drivers, Impact Analysis, South America
- Table 15: Restraints, Impact Analysis, South America
- Table 16: Challenges, Impact Analysis, South America
- Table 17: Scenario Analysis, Scenario 1, By Region, 2024-2034
- Table 18: Scenario Analysis, Scenario 1, By Size, 2024-2034
- Table 19: Scenario Analysis, Scenario 1, By Type, 2024-2034
- Table 20: Scenario Analysis, Scenario 2, By Region, 2024-2034
- Table 21: Scenario Analysis, Scenario 2, By Size, 2024-2034
- Table 22: Scenario Analysis, Scenario 2, By Type, 2024-2034
List of Figures
- Figure 1: Global Mortar Ammunition Market Forecast, 2024-2034
- Figure 2: Global Mortar Ammunition Market Forecast, By Region, 2024-2034
- Figure 3: Global Mortar Ammunition Market Forecast, By Size, 2024-2034
- Figure 4: Global Mortar Ammunition Market Forecast, By Type, 2024-2034
- Figure 5: North America, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 6: Europe, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 7: Middle East, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 8: APAC, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 9: South America, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 10: United States, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 11: United States, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 12: Canada, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 13: Canada, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 14: Italy, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 15: Italy, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 16: France, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 17: France, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 18: Germany, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 19: Germany, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 20: Netherlands, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 21: Netherlands, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 22: Belgium, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 23: Belgium, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 24: Spain, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 25: Spain, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 26: Sweden, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 27: Sweden, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 28: Brazil, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 29: Brazil, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 30: Australia, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 31: Australia, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 32: India, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 33: India, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 34: China, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 35: China, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 36: Saudi Arabia, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 37: Saudi Arabia, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 38: South Korea, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 39: South Korea, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 40: Japan, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 41: Japan, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 42: Malaysia, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 43: Malaysia, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 44: Singapore, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 45: Singapore, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 46: United Kingdom, Mortar Ammunition Market, Technology Maturation, 2024-2034
- Figure 47: United Kingdom, Mortar Ammunition Market, Market Forecast, 2024-2034
- Figure 48: Opportunity Analysis, Mortar Ammunition Market, By Region (Cumulative Market), 2024-2034
- Figure 49: Opportunity Analysis, Mortar Ammunition Market, By Region (CAGR), 2024-2034
- Figure 50: Opportunity Analysis, Mortar Ammunition Market, By Size (Cumulative Market), 2024-2034
- Figure 51: Opportunity Analysis, Mortar Ammunition Market, By Size (CAGR), 2024-2034
- Figure 52: Opportunity Analysis, Mortar Ammunition Market, By Type (Cumulative Market), 2024-2034
- Figure 53: Opportunity Analysis, Mortar Ammunition Market, By Type (CAGR), 2024-2034
- Figure 54: Scenario Analysis, Mortar Ammunition Market, Cumulative Market, 2024-2034
- Figure 55: Scenario Analysis, Mortar Ammunition Market, Global Market, 2024-2034
- Figure 56: Scenario 1, Mortar Ammunition Market, Total Market, 2024-2034
- Figure 57: Scenario 1, Mortar Ammunition Market, By Region, 2024-2034
- Figure 58: Scenario 1, Mortar Ammunition Market, By Size, 2024-2034
- Figure 59: Scenario 1, Mortar Ammunition Market, By Type, 2024-2034
- Figure 60: Scenario 2, Mortar Ammunition Market, Total Market, 2024-2034
- Figure 61: Scenario 2, Mortar Ammunition Market, By Region, 2024-2034
- Figure 62: Scenario 2, Mortar Ammunition Market, By Size, 2024-2034
- Figure 63: Scenario 2, Mortar Ammunition Market, By Type, 2024-2034
- Figure 64: Company Benchmark, Mortar Ammunition Market, 2024-2034
