The global mortar ammunition market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period (2022-2028). The increased investments and procurement of advanced precision-guided mortar ammunition are anticipated to boost the market’s growth during the forecast period. For instance, Elbit Systems has been awarded a USD 30 million contract to supply STYLET, a precision Guided Mortar Munition (GMM), to an unidentified Asia-Pacific customer. The munitions delivery is planned to be completed in 2022. STYLET is a multimode GPS/INS-guided 120mm GMM developed for tactical combat units and Special Forces with a range of 1,000-8,500 m.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/mortar-ammunition-market
Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2020, BAE Systems signed a deal with the UK Ministry of Defense to supply munitions worth USD 3.2 billion over 15 years for the British military. As part of the Next Generation Munitions Solution (NGMS) program, BAE Systems will produce 39 different munitions for the armed services from five different sites across the United Kingdom. Small-arms ammunition, mortars, tank shells, medium-caliber gun rounds, and heavy artillery rounds are included in the delivery schedule, starting at the end of 2022.
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Application
o By Caliber Type
o By Component
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Elbit Systems Ltd, Saab AB, Nammo AS, and General Dynamics Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Mortar Ammunition Market Report Segment
By Caliber Type
- Light Caliber
- Medium Caliber
- Heavy Caliber
By Component
- Fuzes and Primers
- Propellants
- Projectiles and Warheads
By Application
- Military
- Homeland security
A full report of Mortar Ammunition Market is available at: https://www.omrglobal.com/industry-reports/mortar-ammunition-market
Mortar Ammunition Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- ADI Ltd
- ARSENAL JSCo.
- BAE Systems PLC
- Denel Land Systems
- Elbit Systems Ltd
- General Dynamics Corp
- Hanwha Corporation
- Hirtenberger Defence Systems GmbH & Co. KG
- Israel Military Industries Ltd
- Mechanical and Chemical Industry Co
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
