Market Research Report

Global Mortar Ammunition Market Research Report: Forecast (2025-2030)

Mortar Ammunition Market - By Ammunition Type (High-Explosive Rounds, Illumination Rounds, Smoke Rounds, Precision Guided Rounds, Training Rounds, Anti-Personal Anti Material (MAPA...M) Rounds), By End User (Defense Forces, Private Security/Military Firms), By Ammunition Calibre (60mm, 81mm, 82, 120mm), By Range (Short Range, Medium Range, Long Range), By Technological Advancement (Standard Ammunition, Advanced Ammunition), and Others Read more

  • Aerospace & Defense
  • Feb 2025
  • Pages 198
  • Report Format: PDF, Excel, PPT

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Market Definition

Mortar ammunition is explosive rounds designed to be used from mortar weapons. Typically, the weapons discharge shells at steep angles that allow the shells to hit the enemy at the bottom of trenches, bunkers, or other barriers and targets. Mortar ammunition includes different types such as high-explosive, smoke, and illumination rounds, which are tailored to meet specific combat requirements.

Market Insights & Analysis: Global Mortar Ammunition Market (2025-30):

The Global Mortar Ammunition Market size was valued at around USD 86 million in 2024 and is projected to reach USD 115 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2025-30.

The market is recording a robust growth pace, spurred on by surging geopolitical tensions across the globe. The Russian-Ukraine war, combined with those in the Middle East, has created increased demand for mortar ammunition, particularly high-explosive rounds, which are cheap and adaptable for offensive and defensive operations alike. Europe dominates the market in 2024 since the region has been expanding its production levels because of the war in Eastern Europe. Nations such as Ukraine have increased their mortar shell production to almost one million rounds annually owing to the war. Further, the continuous escalation of conflicts in the Middle East is also increasing the demand for mortar ammunition.

Report Coverage Details
  Historical Years   2020-23
  Base Years
  2024
  Forecast Years
  2025-30
  Market Value in 2024   USD 86 Million
  Market Value by 2030   USD 115 Million
  CAGR (2025-30)   5%
  Leading Region   Europe
  Top Key Players Elbit Systems, BAE Systems PLC, Rheinmetall AG, SAAB AB, Northrop Grumman, NAMMO AB, Hirtenberger Defence Systems, Singapore Technologies Engineering Ltd., Arsenal JSCo., Poongsan, Day & Zimmermann, ROSTEC, CSG, Thales, General Dynamics Ordinance and Tactical Systems, KNDS, and Others
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

 

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Moreover, the rising expenditure on defense at the global level is also increasing the need for mortar ammunition everywhere. This would lead to adding arms and ammunition stock in nations all around the globe. For example, worldwide defense expenditure has increased by almost 7% to approximately USD 2.5 trillion on a YoY basis in 2023 which is the sharpest increase in the global defense expenditure since 2009, as per SIPRI. This growth was observed in all the regions of the world. Additionally, the growing demand is making the top market players increase their production capacities. In the future, the market will expand more with growing defense budgets and production capacity, particularly in Europe. This will be able to provide a robust demand for mortar ammunition during the forecast period.


Mortar Ammunition Market Size, Share & Forecast by 2030

Global Mortar Ammunition Market Driver:

Rising Geopolitical Tension – In the last few years, there has been a rise in geopolitical conflicts across the globe.  The most significant of them is the ongoing conflict between Russia and Ukraine. The conflict between the two nations has been going on for more than two years now in 2024. This resulted in massive consumption of arms and ammunition including mortar ammunition given that it is a land-based incursion. Moreover, this conflict in Eastern Europe has sparked vigilance in European countries which resulted in the growth of their defense expenditure. For example, Europe has witnessed a rise in defense expenditure of around 16% on a YoY basis from 2022 to more than USD 550 billion in 2023. This increase in defense expenditure was used to provide arms and ammunition to Ukraine while also building its capabilities.

Apart from this, the conflict of Israel and Hamas which has now involved Syria and Lebanon, have increased demand for mortar ammunition in the Middle Eastern Region. For instance, the Jerusalem Post reported that Israeli Defense Forces are using their 120 mm mortar “iron string” against Hamas. The IDF used iron sting to destroy the rocket deposits and the launch pads of Hamas.  Furthermore, the Nagorno-Karabakh conflict between Armenia and Azerbaijan increased weapon purchases by both countries. These developments across the world will boost the mortar usage thereby fueling the demand for mortar ammunition across the world.

Global Mortar Ammunition Market Opportunity:

Rising Conflict in the Middle East – The Middle East was relatively calmer with the USA pulling out from Afghanistan and the sanctions on Iran. However, the growing diplomatic relationship between Israel and Arab Nations resulted in the initiation of projects like the India-Middle-Europe East Economic Corridor (IMEC). The IMEC will provide the logistical connectivity from India to Europe with the Middle East as a transit point which would decrease the influence of the Persian Gulf and the developing North-South Corridor passing through Iran. This will negatively impact Iran’s influence in the region. These developments were already making the situation in the Middle East volatile. The attack of Israel in 2023, escalated the conflict in the region.

As per the Stockholm International Peace Research Institute, the Middle East has witnessed a rise in its defense expenditure by around 9% on a YoY basis, growing to about USD 200 billion in 2023. Israel which launched a military offense on Gaza, saw its defense spending increase by more than 20% to reach around USD 27 billion in 2023. As of December 2024, the conflict in the Middle East now involves Syria. The expanding conflicts in the Middle East are raising the region’s defense spending thereby increasing the demand for mortar ammunition.

Global Mortar Ammunition Market Challenge:

Replacement of Mortar Systems with Drones – The ongoing conflict between Russia and Ukraine has showcased the changing dynamics of modern warfare. The use of Kamikaze and first-person view (FPV) drones by Russia and Ukraine showed the effectiveness of drones and their cost successfully altering the face of warfare. Drones rigged with explosives can cost a fraction of a single round of artillery. Also, they are more accurate than mortars and do not reveal a squad's or an operator's location, unlike mortars. For instance, in October 2024, the South Korean military proudly announced that they had begun the phase-out of FPV drones with 60 mm and 81 mm mortars. These help mute the speed of mortar ammunition production in the near horizon.

Global Mortar Ammunition Market Trend:

Innovations in Precision Strike Capabilities – The Mortar is an artillery weapon that involves constant adjustment for an accurate strike. This decreases the weapon's effectiveness particularly in dealing damage while also revealing the location of the squad or operator. Moreover, in the case of urban warfare as witnessed in the case of the Russia-Ukraine and Israel-Hamas conflict, where adversaries hide in a building. This increases the need for precision strike mortar rounds in warfare. The precise guided mortar ammunition comes within an integrated control system that uses GPS, laser, and infrared to locate its target. These mortar ammunitions are widely used in combat scenarios. For instance,

  • In July 2024, Elbit Systems got a contract worth around USD 190 million for thousands of precision-guided mortar ammunition “iron sting” from the defense ministry of Israel. 

These developments make precision-guided mortar ammunition to drive the market over the foreseeable future.

Global Mortar Ammunition Market (2025-30): Segmentation Analysis

The Global Mortar Ammunition Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–2030 at the global level. Based on the analysis, the market has been further classified as:

Based on Ammunition Type:

  • High-Explosive Rounds
  • Illumination Rounds
  • Smoke Rounds
  • Precision Guided Rounds
  • Training Rounds
  • Anti-Personal Anti Materials (MAPAM) Rounds

The high-explosive (HE) rounds segment dominates the Global Mortar Ammunition Market with around 40% share. This is due to its versatility in offensive and defensive operations and it helps in dealing the highest possible damage to your adversaries. HE rounds play an essential role in degrading hostile forces, destroying fortifications, and suppressing adversaries. Compared with the more sophisticated, expensive precision-guided ammunition, they are quite affordable for countries with limited defense budgets and, therefore relevant to them. From conventional warfare to counter-insurgency operations, the wide range of applications for HE rounds supports constant demand. For instance,

  • Rheinmetall got a contract to supply more than 100,000 mortar rounds to the Spanish infantry which includes a substantial portion of high-explosive rounds of various calibers by the end of 2025.
  • In May 2024, Elbit Systems introduced a high-explosive mortar round with improved fragmentation and impact characteristics, which also reflected ongoing innovation in response to the evolving combat requirements.

Apart from this, the Russia-Ukraine conflict has also raised the mortar ammunition production to a million shells per year. Moreover, the Defence Ministry of Ukraine in collaboration with NATO is producing high-explosive mortar shells. The demand for HE mortar shells will continue to rise with the rising global conflict and fuel market growth over the foreseeable future.

Based on End User:

  • Defense Forces
  • Private Security/Military Firms

Defense Forces make up the largest share (more than 90%) in the Global Mortar Ammunition Market in 2024. This is mainly because in contrast to defense forces, private security/military firms operate on a limited budget and do not involve a large scope of operations. Global defense spending has grown to nearly USD 2.5 trillion in 2023 which is a rise of about 7% on a YoY basis, as per the SIPRI due to the ongoing conflicts worldwide. This has raised the production of mortar ammunition in the USA, Europe, Ukraine, and Russia.  Furthermore, unlike the military forces which have a greater number of personnel and infantry units compared a private security/ military firms. This highlights that a healthy demand for mortar ammunition will be from the defense forces and the segment will dominate the market over the foreseeable future.

Global Mortar Ammunition Market (2025-30): Regional Projections

Geographically, the Global Mortar Ammunition Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Europe holds the biggest share (around 40%) of the Global Mortar Ammunition Market in 2024. This is largely due to the region’s heightened mortar production capability due to the ongoing Russia-Ukraine war. Currently, Europe produces nearly a million rounds of ammunition including mortar ammunition as well. Moreover, Ukraine has also raised its mortar production capabilities to a nearly million mortar shells per year. Moreover, the region houses Rheinmetall, a German arms manufacturer and a leading mortar shell producer globally. Apart from this, the geography of the region enables the usage of mortar and artillery in case of conflict. With the ongoing conflict in Eastern Europe and the growing demand for ammunition, the European Commission has announced the allocation of more than USD 500 billion to raise ammunition production. The commission plans to use the budget to increase Europe’s ammunition production including the mortar ammunition capacity to nearly two million per year by the end of 2025. The unfolding of these scenarios will fuel the growth in the Global Mortar Ammunition Market over the forecasted period.

Global Mortar Ammunition Industry Recent Development:

  • August 2024: General Dynamics Ordinance and Tactical Systems is the principal contractor for the Government of Israel, for the purchase of fifty thousand (50,000) M933A1 120mm High Explosive (HE) mortar cartridges with M783 fuzes.
  • March 2024: KNDS revealed details about its latest New MEPAC 120mm Mortar Systems for French and Belgian Armies.

Gain a Competitive Edge with Our Global Mortar Ammunition Market Report

  1. Global Mortar Ammunition Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Global Mortar Ammunition Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

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Frequently Asked Questions

   A. The Global Mortar Ammunition Market is expected to grow at a compound annual growth rate (CAGR) of around 5% over the forecast period.

   A. The Global Mortar Ammunition Market size was valued at around USD86 million in 2024 and is projected to reach USD115 million by 2030.

   A. The rising geopolitical tension is expected to drive the Global Mortar Ammunition Market during 2025-30.

   A. The top companies in the Global Mortar Ammunition Market include Elbit Systems, BAE Systems PLC, Rheinmetall AG, SAAB AB, Northrop Grumman, NAMMO AB, Hirtenberger Defence Systems, Singapore Technologies Engineering Ltd., Arsenal JSCo., Poongsan, Day & Zimmermann, ROSTEC, CSG, Thales, General Dynamics Ordinance and Tactical Systems, KNDS, and Others.

   A. High-explosive rounds ammunition type held the largest share of the Global Mortar Ammunition Market.

   A. Europe presents growth prospects in the Global Mortar Ammunition Market during 2025-30.

   A. Innovations in precision strike capabilities are the key trends shaping the growth of the Global Mortar Ammunition Market.

   A. Rising conflict in the Middle East is one of the growth opportunities driving the Global Mortar Ammunition Market.

   A. Replacement of mortar systems with drones is one of the possible restraints affecting the growth of the Global Mortar Ammunition Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Mortar Ammunition Market Trends & Developments
  5. Global Mortar Ammunition Start-Up Ecosystem
  6. Global Mortar Ammunition Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Mortar Ammunition Market Regulations, Policies & Standards
  8. Global Mortar Ammunition Market Hotspot & Opportunities
  9. Global Mortar Ammunition Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Ammunition Type
        1. High-Explosive Rounds- Market Size & Forecast 2020-2030, USD Million
        2. Illumination Rounds- Market Size & Forecast 2020-2030, USD Million
        3. Smoke Rounds- Market Size & Forecast 2020-2030, USD Million
        4. Precision Guided Rounds- Market Size & Forecast 2020-2030, USD Million
        5. Training Rounds- Market Size & Forecast 2020-2030, USD Million
        6. Anti-Personal Anti Material (MAPAM) Rounds- Market Size & Forecast 2020-2030, USD Million
      2. By End User
        1. Defense Forces- Market Size & Forecast 2020-2030, USD Million
        2. Private Security/Military Firms- Market Size & Forecast 2020-2030, USD Million
      3. By Ammunition Calibre
        1. 60mm- Market Size & Forecast 2020-2030, USD Million
        2. 81mm- Market Size & Forecast 2020-2030, USD Million
        3. 82- Market Size & Forecast 2020-2030, USD Million
        4. 120mm- Market Size & Forecast 2020-2030, USD Million
      4. By Range
        1. Short Range- Market Size & Forecast 2020-2030, USD Million
        2. Medium Range- Market Size & Forecast 2020-2030, USD Million
        3. Long Range- Market Size & Forecast 2020-2030, USD Million
      5. By Technological Advancement
        1. Standard Ammunition- Market Size & Forecast 2020-2030, USD Million
        2. Advanced Ammunition- Market Size & Forecast 2020-2030, USD Million
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      7. By Competition
        1. Competition Characteristics
        2. Market Share Analysis
  10. North America Mortar Ammunition Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
      2. By End User- Market Size & Forecast 2020-2030, USD Million
      3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
      4. By Range- Market Size & Forecast 2020-2030, USD Million
      5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Mortar Ammunition Market, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    4. Canada Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    5. Mexico Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
  11. South America Mortar Ammunition Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
      2. By End User- Market Size & Forecast 2020-2030, USD Million
      3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
      4. By Range- Market Size & Forecast 2020-2030, USD Million
      5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    4. Argentina Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
  12. Europe Mortar Ammunition Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
      2. By End User- Market Size & Forecast 2020-2030, USD Million
      3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
      4. By Range- Market Size & Forecast 2020-2030, USD Million
      5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. The UK
        2. Germany
        3. France
        4. Russia
        5. Italy
        6. Spain
        7. Rest of Europe
    3. The UK Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    4. Germany Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    5. France Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    6. Russia Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    7. Italy Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    8. Spain Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
  13. The Middle East and Africa Mortar Ammunition Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
      2. By End User- Market Size & Forecast 2020-2030, USD Million
      3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
      4. By Range- Market Size & Forecast 2020-2030, USD Million
      5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. The UAE
        2. South Africa
        3. Turkey
        4. Rest of Middle East & Africa
    3. The UAE Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    4. South Africa Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    5. Turkey Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
  14. Asia-Pacific Mortar Ammunition Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
      2. By End User- Market Size & Forecast 2020-2030, USD Million
      3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
      4. By Range- Market Size & Forecast 2020-2030, USD Million
      5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
      6. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. Singapore
        7. Others
    3. China Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    4. India Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    5. Japan Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    6. Australia Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    7. South Korea Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
    8. Singapore Mortar Ammunition Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Ammunition Type- Market Size & Forecast 2020-2030, USD Million
        2. By End User- Market Size & Forecast 2020-2030, USD Million
        3. By Ammunition Calibre- Market Size & Forecast 2020-2030, USD Million
        4. By Range- Market Size & Forecast 2020-2030, USD Million
        5. By Technological Advancement- Market Size & Forecast 2020-2030, USD Million
  15. Global Mortar Ammunition Market Key Strategic Imperatives for Success & Growth
  16. Competitive Outlook
    1. Company Profiles 
      1. Elbit Systems[S1] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. BAE Systems PLC[S2] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Rheinmetall AG[S3] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. SAAB AB[S4] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Northrop Grumman[S5] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. NAMMO AB[S6] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Hirtenberger Defence Systems[S7] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Singapore Technologies Engineering Ltd.[S8] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Arsenal JSCo.[S9] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Poongsan[S10] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Day & Zimmermann[S11] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. ROSTEC[S12] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. CSG[S13] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Thales[S14] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. General Dynamics Ordinance and Tactical Systems Corporation[S15] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. KNDS[S16] 
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      17. Others
  17. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

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4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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