Mortar Ammunition Market
Global Mortar Ammunition Market Size, Share & Trends Analysis Report by Caliber Type (Light Caliber, Medium Caliber, and Heavy Caliber), By Component (Fuzes and Primers, Propellants, and Projectiles and Warheads) By Application (Military, and Homeland Security) Forecast Period 2022-2028 Update Available - Forecast 2024-2030
The global market for mortar ammunition is projected to have a considerable CAGR of around 4.8% during the forecast period. The new advanced mortar systems include traditional arms and ammunition with a range of weapons that vary from vehicle-mounted 120mm to 60mm portable mortars and associated equipment namely, training devices, mortar ballistic computers, ammunition, and fire control system. Mortar ammunition is used to provide effective Fire Support (FS) to infantry or mechanized infantry at the platoon and company level. These ammunitions can be in the form of bombs, rockets, shots, shrapnel, bullets, and shells. Conflicts between countries around the world increased terrorist activity, and political instability in underdeveloped countries have all contributed to a rise in mortar ammunition demand. Ammunition is used extensively in applications such as defense and public safety to maintain peace, law, and order. Ammunition is also employed for sporting and wildlife purposes, including the use of weapons. Further, the advancement in defense technology has enabled military personnel to launch mortars with ease and less complexity. The increasing tension at the Line of Control (LOC) and the international border between various nations have led to the increasing use of such destructive weapons for the protection
Segmental Outlook
The global mortar ammunition market is segmented based on caliber type, component, and application. Based on the caliber type, the market is further classified into the light caliber, medium caliber, and heavy caliber. On the basis of components, the market is further segmented into fuzes and primers, propellants, projectiles and warheads. Further, based on the application the market is classified into military, and homeland security.
Global Mortar Ammunition Market Share by Caliber Types, 2021 (%)
The heavy caliber is considered the dominating segment in the global Mortar Ammunition market.
Among caliber types, the heavy caliber is estimated as dominating segment during the forecast period. Heavy caliber mortars are those that have a caliber of 100 mm or above. Heavy-caliber mortars have a range of 7,200m to 9,500m and a payload of 1.2kg to 4.2kg, depending on the size of the mortar. Heavy mortars are generally used to level enemy strongholds and decommission armored vehicles as part of their extensive weaponry modernization program, several countries around the world are undertaking procurement initiatives. For instance, in November 2021, the Estonian National Defense Investment Centre announced that it has ordered an undisclosed number of 120mm mortar systems from the sole bidder Elbit Systems of Israel, under a framework agreement worth up to USD 17.27 million.
Regional Outlook
Geographically, the global Mortar Ammunition market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is projected to have a significant CAGR in the mortar ammunition market. The growth is driven by increasing expenditure on R&D and procurement of advanced Ammunition from the US army. After the COVID-19 pandemic, there is an increase among people that would lead to increased sales of guns in the US. FBI’s National Instant Criminal Background Check systems (NICS) reported around a 30% monthly surge in background checks for long guns, and handguns in February 2020. Thus, these factors are propelling the market in the region.
Global Mortar Ammunition Market Growth, by region 2022-2028
Asia-Pacific to Hold a Considerable Share in The Global Mortar Ammunition Market
Geographically, Asia-Pacific is projected to hold a significant share global mortar ammunition market. Due to the region's ongoing geopolitical concerns, nations such As China, India, and South Korea have been dramatically boosting their military spending in recent years. These countries have been investing in developing and procuring newer generation mortar systems and accompanying ammunition as their defense spending has increased. For instance, in March 2021, the Indian Army decommissioned two of the longest-serving artillery systems, namely, the 130mm self-propelled M-46 catapult guns and 160mm Tampella Mortars from service, to make way for newer equipment employing the latest technologies. In addition, the Middle East region is estimated to be a potential region for the mortar ammunition market in the aerospace and defense sector.
Market Players Outlook
The key players in the mortar ammunition market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Elbit Systems Ltd, Saab AB, Nammo AS, and General Dynamics Corp among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In November 2020, Rheinmetall Denel Munition, a joint venture between Rheinmetall Group and Denel SOC, was awarded a multi-million contract by the South African Army to procure both conventional and long-range variants of the 60mm mortar ammunition, including illumination, smoke-burst screening mortar cartridges, high explosives, and practice.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mortar ammunition market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Mortar Ammunition Industry
• Recovery Scenario of Global Mortar Ammunition Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Trade Analysis
2.2.3. Porter’s Analysis
2.2.4. Recommendations
2.2.5. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Mortar Ammunition Market, By Caliber Type
5.1.1. Light Caliber
5.1.2. Medium Caliber
5.1.3. Heavy Caliber
5.2. Global Mortar Ammunition Market, By Component
5.2.1. Fuzes and Primers
5.2.2. Propellants
5.2.3. Projectiles and Warheads
5.3. Global Mortar Ammunition Market, By Application
5.3.1. Military
5.3.2. Homeland security
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. ADI Ltd
7.2. ARSENAL JSCo.
7.3. BAE Systems PLC
7.4. Denel Land Systems
7.5. Elbit Systems Ltd
7.6. General Dynamics Corp
7.7. Hanwha Corporation
7.8. Hirtenberger Defence Systems GmbH & Co. KG
7.9. Israel Military Industries Ltd
7.10. Mechanical and Chemical Industry Co
7.11. Nammo AS
7.12. Nexter Systems SA
7.13. Olin Corp
7.14. Rheinmetall AG
7.15. RUAG Holding
7.16. Saab AB
7.17. Singapore Technologies Engineering Ltd
7.18. Thales Group
7.19. The Canadian Broadcasting Corp
1. GLOBAL MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY CALIBER TYPE REGION, 2021-2028 ($ MILLION)
2. GLOBAL LIGHT CALIBER MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL MEDIUM CALIBER MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL HEAVY CALIBER MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
6. GLOBAL FUZES AND PRIMERS IN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL PROPELLENTS IN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PROJECTILES AND WARHEADS IN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
10. GLOBAL MORTAR AMMUNITION IN MILITARY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL MORTAR AMMUNITION IN HOMELAND SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. NORTH AMERICAN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY CALIBER TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
15. NORTH AMERICAN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
16. EUROPEAN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY CALIBER TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
19. EUROPEAN MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY CALIBER TYPE, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
24. REST OF THE WORLD MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. REST OF THE WORLD MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY CALIBER TYPE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
27. REST OF THE WORLD MORTAR AMMUNITION MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MORTAR AMMUNITION MARKET, 2021-2028 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MORTAR AMMUNITION MARKET BY SEGMENT, 2021-2028 (% MILLION)
3. RECOVERY OF GLOBAL MORTAR AMMUNITION MARKET, 2021-2028 (%)
4. GLOBAL MORTAR AMMUNITION MARKET SHARE BY CALIBER TYPE, 2021 VS 2028 (%)
5. GLOBAL MORTAR AMMUNITION MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
6. GLOBAL MORTAR AMMUNITION MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
7. GLOBAL MORTAR AMMUNITION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL LIGHT CALIBER MORTAR AMMUNITION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL MEDIUM CALIBER MORTAR AMMUNITION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL HEAVY CALIBER MORTAR AMMUNITION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL FUZES AND PRIMERS IN MORTAR AMMUNITION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL PROPELLENTS IN MORTAR AMMUNITION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL PROJECTILES & WARHEADS IN MORTAR AMMUNITION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL MORTAR AMMUNITION IN MILITARY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL MORTAR AMMUNITION IN HOMELAND SECURITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
18. UK MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD MORTAR AMMUNITION MARKET SIZE, 2021-2028 ($ MILLION
