Mortar Ammunition Market Demand, Drivers and Opportunities 2025-2030

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

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4. Market Insights 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.

5. 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.

6. Market Segments • By Ammunition Type (High-Explosive Rounds, Illumination Rounds, Smoke Rounds, Precision Guided Rounds, Training Rounds, Anti-Personal Anti Material (MAPAM) 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),

7. Top Companies 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

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