Report Overview
Mortar ammunition refers to explosive projectiles designed to be fired from a mortar, a portable, muzzle-loaded, indirect-fire weapon used primarily by infantry units. These munitions are categorized by caliber (typically ranging from 60mm to 120mm), payload type (high-explosive, smoke, illumination, or training rounds), and propulsion method (gravity-dropped or fin-stabilized). Modern mortar rounds incorporate advanced fuzes, precision guidance systems, and modular designs to enhance accuracy, lethality, and versatility in combat scenarios. The ammunition\'s effectiveness lies in its high trajectory, allowing it to engage targets behind cover or in fortified positions, making it a critical component of modern military arsenals for close fire support, trench warfare, and urban combat operations.
The global Mortar Ammunition market size was estimated at USD 1001.1 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.50% during the forecast period.
This report offers a comprehensive and in-depth analysis of the global Mortar Ammunition market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.
The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.
A significant focus of this report lies in the competitive landscape of the global Mortar Ammunition market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.
In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Mortar Ammunition market.
Global Mortar Ammunition Market: Market Segmentation Analysis
This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.
A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.
Key Company
Northrop Grumman
General Dynamics
Nammo
Nexter
BAE Systems
Poongsan Corporation
Elbit Systems
Day & Zimmermann
Rheinmetall
Rostec
National Presto
NORINCO
CSGC
Market Segmentation (by Type)
60mm
81mm
120mm
Other
Market Segmentation (by Application)
High-Explosive (HE)
Smoke
Illumination
Training Rounds
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Mortar Ammunition Market
Overview of the regional outlook of the Mortar Ammunition Market:
Customization of the Report
In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Mortar Ammunition Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market\'s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter\'s five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Mortar Ammunition, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post-sales analyst support
Customization of the Report
In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Mortar Ammunition
1.2 Key Market Segments
1.2.1 Mortar Ammunition Segment by Type
1.2.2 Mortar Ammunition Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Mortar Ammunition Market Overview
2.1 Global Market Overview
2.1.1 Global Mortar Ammunition Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global Mortar Ammunition Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Mortar Ammunition Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Mortar Ammunition Product Life Cycle
3.3 Global Mortar Ammunition Sales by Manufacturers (2020-2025)
3.4 Global Mortar Ammunition Revenue Market Share by Manufacturers (2020-2025)
3.5 Mortar Ammunition Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global Mortar Ammunition Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 Mortar Ammunition Market Competitive Situation and Trends
3.8.1 Mortar Ammunition Market Concentration Rate
3.8.2 Global 5 and 10 Largest Mortar Ammunition Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Mortar Ammunition Industry Chain Analysis
4.1 Mortar Ammunition Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Mortar Ammunition Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Mortar Ammunition Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to Mortar Ammunition Market
5.7 ESG Ratings of Leading Companies
6 Mortar Ammunition Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Mortar Ammunition Sales Market Share by Type (2020-2025)
6.3 Global Mortar Ammunition Market Size Market Share by Type (2020-2025)
6.4 Global Mortar Ammunition Price by Type (2020-2025)
7 Mortar Ammunition Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Mortar Ammunition Market Sales by Application (2020-2025)
7.3 Global Mortar Ammunition Market Size (M USD) by Application (2020-2025)
7.4 Global Mortar Ammunition Sales Growth Rate by Application (2020-2025)
8 Mortar Ammunition Market Sales by Region
8.1 Global Mortar Ammunition Sales by Region
8.1.1 Global Mortar Ammunition Sales by Region
8.1.2 Global Mortar Ammunition Sales Market Share by Region
8.2 Global Mortar Ammunition Market Size by Region
8.2.1 Global Mortar Ammunition Market Size by Region
8.2.2 Global Mortar Ammunition Market Size Market Share by Region
8.3 North America
8.3.1 North America Mortar Ammunition Sales by Country
8.3.2 North America Mortar Ammunition Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Mortar Ammunition Sales by Country
8.4.2 Europe Mortar Ammunition Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Mortar Ammunition Sales by Region
8.5.2 Asia Pacific Mortar Ammunition Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Mortar Ammunition Sales by Country
8.6.2 South America Mortar Ammunition Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa Mortar Ammunition Sales by Region
8.7.2 Middle East and Africa Mortar Ammunition Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Mortar Ammunition Market Production by Region
9.1 Global Production of Mortar Ammunition by Region(2020-2025)
9.2 Global Mortar Ammunition Revenue Market Share by Region (2020-2025)
9.3 Global Mortar Ammunition Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America Mortar Ammunition Production
9.4.1 North America Mortar Ammunition Production Growth Rate (2020-2025)
9.4.2 North America Mortar Ammunition Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe Mortar Ammunition Production
9.5.1 Europe Mortar Ammunition Production Growth Rate (2020-2025)
9.5.2 Europe Mortar Ammunition Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan Mortar Ammunition Production (2020-2025)
9.6.1 Japan Mortar Ammunition Production Growth Rate (2020-2025)
9.6.2 Japan Mortar Ammunition Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China Mortar Ammunition Production (2020-2025)
9.7.1 China Mortar Ammunition Production Growth Rate (2020-2025)
9.7.2 China Mortar Ammunition Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Northrop Grumman
10.1.1 Northrop Grumman Basic Information
10.1.2 Northrop Grumman Mortar Ammunition Product Overview
10.1.3 Northrop Grumman Mortar Ammunition Product Market Performance
10.1.4 Northrop Grumman Business Overview
10.1.5 Northrop Grumman SWOT Analysis
10.1.6 Northrop Grumman Recent Developments
10.2 General Dynamics
10.2.1 General Dynamics Basic Information
10.2.2 General Dynamics Mortar Ammunition Product Overview
10.2.3 General Dynamics Mortar Ammunition Product Market Performance
10.2.4 General Dynamics Business Overview
10.2.5 General Dynamics SWOT Analysis
10.2.6 General Dynamics Recent Developments
10.3 Nammo
10.3.1 Nammo Basic Information
10.3.2 Nammo Mortar Ammunition Product Overview
10.3.3 Nammo Mortar Ammunition Product Market Performance
10.3.4 Nammo Business Overview
10.3.5 Nammo SWOT Analysis
10.3.6 Nammo Recent Developments
10.4 Nexter
10.4.1 Nexter Basic Information
10.4.2 Nexter Mortar Ammunition Product Overview
10.4.3 Nexter Mortar Ammunition Product Market Performance
10.4.4 Nexter Business Overview
10.4.5 Nexter Recent Developments
10.5 BAE Systems
10.5.1 BAE Systems Basic Information
10.5.2 BAE Systems Mortar Ammunition Product Overview
10.5.3 BAE Systems Mortar Ammunition Product Market Performance
10.5.4 BAE Systems Business Overview
10.5.5 BAE Systems Recent Developments
10.6 Poongsan Corporation
10.6.1 Poongsan Corporation Basic Information
10.6.2 Poongsan Corporation Mortar Ammunition Product Overview
10.6.3 Poongsan Corporation Mortar Ammunition Product Market Performance
10.6.4 Poongsan Corporation Business Overview
10.6.5 Poongsan Corporation Recent Developments
10.7 Elbit Systems
10.7.1 Elbit Systems Basic Information
10.7.2 Elbit Systems Mortar Ammunition Product Overview
10.7.3 Elbit Systems Mortar Ammunition Product Market Performance
10.7.4 Elbit Systems Business Overview
10.7.5 Elbit Systems Recent Developments
10.8 Day and Zimmermann
10.8.1 Day and Zimmermann Basic Information
10.8.2 Day and Zimmermann Mortar Ammunition Product Overview
10.8.3 Day and Zimmermann Mortar Ammunition Product Market Performance
10.8.4 Day and Zimmermann Business Overview
10.8.5 Day and Zimmermann Recent Developments
10.9 Rheinmetall
10.9.1 Rheinmetall Basic Information
10.9.2 Rheinmetall Mortar Ammunition Product Overview
10.9.3 Rheinmetall Mortar Ammunition Product Market Performance
10.9.4 Rheinmetall Business Overview
10.9.5 Rheinmetall Recent Developments
10.10 Rostec
10.10.1 Rostec Basic Information
10.10.2 Rostec Mortar Ammunition Product Overview
10.10.3 Rostec Mortar Ammunition Product Market Performance
10.10.4 Rostec Business Overview
10.10.5 Rostec Recent Developments
10.11 National Presto
10.11.1 National Presto Basic Information
10.11.2 National Presto Mortar Ammunition Product Overview
10.11.3 National Presto Mortar Ammunition Product Market Performance
10.11.4 National Presto Business Overview
10.11.5 National Presto Recent Developments
10.12 NORINCO
10.12.1 NORINCO Basic Information
10.12.2 NORINCO Mortar Ammunition Product Overview
10.12.3 NORINCO Mortar Ammunition Product Market Performance
10.12.4 NORINCO Business Overview
10.12.5 NORINCO Recent Developments
10.13 CSGC
10.13.1 CSGC Basic Information
10.13.2 CSGC Mortar Ammunition Product Overview
10.13.3 CSGC Mortar Ammunition Product Market Performance
10.13.4 CSGC Business Overview
10.13.5 CSGC Recent Developments
11 Mortar Ammunition Market Forecast by Region
11.1 Global Mortar Ammunition Market Size Forecast
11.2 Global Mortar Ammunition Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Mortar Ammunition Market Size Forecast by Country
11.2.3 Asia Pacific Mortar Ammunition Market Size Forecast by Region
11.2.4 South America Mortar Ammunition Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Mortar Ammunition by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global Mortar Ammunition Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of Mortar Ammunition by Type (2026-2033)
12.1.2 Global Mortar Ammunition Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of Mortar Ammunition by Type (2026-2033)
12.2 Global Mortar Ammunition Market Forecast by Application (2026-2033)
12.2.1 Global Mortar Ammunition Sales (K MT) Forecast by Application
12.2.2 Global Mortar Ammunition Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings