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Mortar Ammunition Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4557768
  • Report
  • April 2020
  • Region: Global
  • 104 Pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • BAE Systems plc
  • Denel Land Systems
  • Elbit Systems Ltd
  • Nammo AS
  • Nexter Group KNDS
  • Rheinmetall AG
  • MORE
The mortar ammunition market is estimated to register a CAGR of over 3%, during the forecast period 2020 - 2025.

The increasing usage of mortars for short-range combat by the armies, worldwide, on the battlefield, which shall lead to a growth in the mortar ammunition market in the years to come.

Technological developments, such as Smart Mortar Rounds, which has been developed by ST Kinetics, a subsidiary company of Singapore Technologies, is one of the existing trends in the mortar ammunition market. The mortar round has been named as SPARCS (Soldier Parachute Aerial Reconnaissance Camera System) by ST Kinetics, and is capable of climbing to 150 meters and deploys a small camera unit at the time of its landing that is attached to a parachute, and thus, transmits images to the ground unit for better battlefield view.

Currently, countries, such as the United States, Canada, and the United Kingdom are making use of the smart mortar round.

Key Market Trends

Heavy Mortar Segment is Projected to Grow at a High Pace During the Forecast Period

Currently, the heavy mortar segment has the highest share out of all the other segments. Heavy mortars are those, which are 100mm and above, and typically have a range of 500-7000m. Companies are aiming to develop new mortars with increased range. Companies, such as Saab AB, are engaged in developing newer mortar rounds. Saab AB has announced that it has developed a new 120mm heavy mortar round, which is named as THOR. Moreover, THOR has been designed to offer twice the effect, when compared to a conventional 120mm mortar round. Additionally, Russia, in 2018, reported recent developments in heavy caliber artillery. In 2017, Uraltranmash Company, which is a subsidiary of Uralvagonzavod Company, announced a new product, a modernized version of the 2S4 Tyulpan self-propelled mortar with new onboard systems and communications equipment.

The 240mm self-propelled mortar is the largest artillery system in the world and the primary ammunition for the 240mm mortar is a high-explosive 53-F-864 mortar projectile that contains 32 kg of explosive charge, and can fire one round of ammunition per minute. Thus, upcoming developments and upgrades are expected to lead to renewing the interest of armies worldwide, and shall increase the focus on this segment, and these are expected to be the reasons for its expected high CAGR.

Currently North America holds a Major Share in the Mortar Ammunition Market

In the mortar ammunition market, regionally, North America is generating the highest revenue, currently. North America is witnessing a significant increase in the number of developments related to mortar ammunition. Newer technological developments are being carried out by the US Army to re-supply pinned down troops with ammunition, during a firefight. The US Army currently is making use of GPS guided mortar shells, known as Ammunition Resupply Projectile (ARP), which possesses the capability of resupplying 5.56 mm rounds to the troops during a firefight, by making use of parasails during the landing process. Thus, upcoming developments, such as these, in the North American region shall lead to a positive impact on the growth of the market.

Competitive Landscape

Various major players in the mortar ammunition market are Elbit Systems Ltd, General Dynamics Corporation, Nexter Group KNDS, and Rheinmetall AG. In 2018, Saab AB reported that it has been chosen in competition for a mortar ammunition contract among various other vendors for 81 mm grenades, including both explosive and training rounds for an undisclosed customer. The framework contract shall have a duration of five years and the first order shall take place in 2019, and deliveries shall commence in 2020. Various strategies, such as product innovation, increasing investments in R&D, and setting up of new research laboratories shall lead to various players gaining traction in the market during the forecast period.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format

    months of analyst support
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BAE Systems plc
  • Denel Land Systems
  • Elbit Systems Ltd
  • Nammo AS
  • Nexter Group KNDS
  • Rheinmetall AG
  • MORE
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Caliber Type
5.1.1 Light Caliber Ammunition
5.1.2 Medium Caliber Ammunition
5.1.3 Heavy Caliber Ammunition
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Latin America
5.2.2.1 Mexico
5.2.2.2 Rest of Latin America
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Vietnam
5.2.3.4 Rest of Asia-Pacific
5.2.4 Europe
5.2.4.1 United Kingdom
5.2.4.2 Germany
5.2.4.3 France
5.2.4.4 Rest of Europe
5.2.5 Middle-East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Saudi Arabia
5.2.5.3 South Africa
5.2.5.4 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Elbit Systems Ltd
6.2.2 General Dynamics Corporation
6.2.3 Nexter Group KNDS
6.2.4 RUAG Group
6.2.5 BAE Systems plc
6.2.6 Rheinmetall AG
6.2.7 Saab AB
6.2.8 Thales Group
6.2.9 Nammo AS
6.2.10 Denel Land Systems
6.2.11 Israel Military Industries
6.2.12 Hirtenberger Defence Systems Gmbh & Co KG

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • Elbit Systems Ltd
  • General Dynamics Corporation
  • Nexter Group KNDS
  • RUAG Group
  • BAE Systems plc
  • Rheinmetall AG
  • Saab AB
  • Thales Group
  • Nammo AS
  • Denel Land Systems
  • Israel Military Industries
  • Hirtenberger Defence Systems Gmbh & Co KG
Note: Product cover images may vary from those shown
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