Pacific Mortar Ammunition Market

The Asia Pacific Mortar Ammunition market size was valued at US$ 678.4 million in 2024 and is projected to reach US$ 862.9 million by 2030, at a CAGR of 4.1% during the forecast period 2024-2030.

Mortar ammunition consists of explosive projectiles fired from mortar tubes, used for indirect fire support in military operations, available in various calibers and types for different tactical situations.

The Asia Pacific mortar ammunition market is growing steadily, driven by ongoing military modernization programs and regional security concerns. India accounts for 30% of the market, followed by China at 25% and South Korea at 15%. In 2023, 81mm mortar rounds dominated with a 40% market share, followed by 60mm at 30% and 120mm at 25%. The market experienced a 7% growth in demand for precision-guided mortar munitions. Key players include Rostec (Russia) and Rheinmetall AG (Germany), holding a combined 35% market share in the region. The industry is investing in extended range technologies, with a 10% increase in R&D spending on base bleed and rocket-assisted projectiles in 2023. Challenges include stringent export controls, affecting cross-border sales. The trend towards lighter weight systems has driven an 8% increase in demand for composite-cased mortar rounds. The market is benefiting from joint military exercises in the region, with a 12% rise in ammunition procurement for training purposes. Technological advancements have improved mortar round accuracy by 15% over the past five years, particularly in guided variants.

Report Includes

Pacific Mortar Ammunition Market is an essential reference for who looks for detailed information on Asia Pacific Mortar Ammunition . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Mortar Ammunition , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific Mortar Ammunition Market aims to provide a comprehensive presentation of the Asia Pacific Mortar Ammunition , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Mortar Ammunition . Pacific Mortar Ammunition Market contains market size and forecasts of Mortar Ammunition in Asia Pacific, including the following market information:

We surveyed the Mortar Ammunition manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    China

•    India

•    Japan

•    South Korea

•    Australia

•    Thailand

•    Indonesia

by Products type:

•    60mm

•    81mm

•    120mm

•    Other

by Application:

•    High-Explosive (HE)

•    Smoke

•    Illumination

•    Training Rounds

key players include: (At least 8-10 companies included)

•    Hindustan Aeronautics Limited (India)

•    China North Industries Corporation (Norinco) (China)

•    Tata Advanced Systems (India)

•    Hanwha Defense (South Korea)

•    Pakistan Ordnance Factories (Pakistan)

•    PT Pindad (Indonesia)

•    ASN Technology Group (China)

•    Bharat Dynamics Limited (India)

•    Defense Science and Technology Organization (Pakistan)

•    POSCO International (South Korea)

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Mortar Ammunition revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)

•    Key companies Mortar Ammunition revenues share in Asia Pacific market, 2023 (%)

•    Key companies Mortar Ammunition sales in Asia Pacific market, 2019-2024 (Estimated),

•    Key companies Mortar Ammunition sales share in Asia Pacific market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Asia Pacific and country-wise market of Mortar Ammunition

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing Mortar Ammunition capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on Mortar Ammunition manufacturers

•    Mortar Ammunition forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.