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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
This report 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.
This report 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 . This report 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:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• 60mm
• 81mm
• 120mm
• Other
• High-Explosive (HE)
• Smoke
• Illumination
• Training Rounds
• 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.
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.
1.1 Product Overview and Scope of Mortar Ammunition
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 60mm
1.2.3 81mm
1.2.4 120mm
1.2.5 Other
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 High-Explosive (HE)
1.3.3 Smoke
1.3.4 Illumination
1.3.5 Training Rounds
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Hindustan Aeronautics Limited (India)
8.1.1 Hindustan Aeronautics Limited (India) Corporation Information
8.1.2 Hindustan Aeronautics Limited (India) Product Portfolio
8.1.3 Hindustan Aeronautics Limited (India) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Hindustan Aeronautics Limited (India) Main Business and Markets Served
8.1.5 Hindustan Aeronautics Limited (India) Recent Developments/Updates
8.2 China North Industries Corporation (Norinco) (China)
8.2.1 China North Industries Corporation (Norinco) (China) Corporation Information
8.2.2 China North Industries Corporation (Norinco) (China) Product Portfolio
8.2.3 China North Industries Corporation (Norinco) (China) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 China North Industries Corporation (Norinco) (China) Main Business and Markets Served
8.2.5 China North Industries Corporation (Norinco) (China) Recent Developments/Updates
8.3 Tata Advanced Systems (India)
8.3.1 Tata Advanced Systems (India) Corporation Information
8.3.2 Tata Advanced Systems (India) Product Portfolio
8.3.3 Tata Advanced Systems (India) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Tata Advanced Systems (India) Main Business and Markets Served
8.3.5 Tata Advanced Systems (India) Recent Developments/Updates
8.4 Hanwha Defense (South Korea)
8.4.1 Hanwha Defense (South Korea) Corporation Information
8.4.2 Hanwha Defense (South Korea) Product Portfolio
8.4.3 Hanwha Defense (South Korea) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Hanwha Defense (South Korea) Main Business and Markets Served
8.4.5 Hanwha Defense (South Korea) Recent Developments/Updates
8.5 Pakistan Ordnance Factories (Pakistan)
8.5.1 Pakistan Ordnance Factories (Pakistan) Corporation Information
8.5.2 Pakistan Ordnance Factories (Pakistan) Product Portfolio
8.5.3 Pakistan Ordnance Factories (Pakistan) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Pakistan Ordnance Factories (Pakistan) Main Business and Markets Served
8.5.5 Pakistan Ordnance Factories (Pakistan) Recent Developments/Updates
8.6 PT Pindad (Indonesia)
8.6.1 PT Pindad (Indonesia) Corporation Information
8.6.2 PT Pindad (Indonesia) Product Portfolio
8.6.3 PT Pindad (Indonesia) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 PT Pindad (Indonesia) Main Business and Markets Served
8.6.5 PT Pindad (Indonesia) Recent Developments/Updates
8.7 ASN Technology Group (China)
8.7.1 ASN Technology Group (China) Corporation Information
8.7.2 ASN Technology Group (China) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 ASN Technology Group (China) Main Business and Markets Served
8.7.4 ASN Technology Group (China) Recent Developments/Updates
8.8 Bharat Dynamics Limited (India)
8.8.1 Bharat Dynamics Limited (India) Corporation Information
8.8.2 Bharat Dynamics Limited (India) Product Portfolio
8.8.3 Bharat Dynamics Limited (India) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Bharat Dynamics Limited (India) Main Business and Markets Served
8.8.5 Bharat Dynamics Limited (India) Recent Developments/Updates
8.9 Defense Science and Technology Organization (Pakistan)
8.9.1 Defense Science and Technology Organization (Pakistan) Corporation Information
8.9.2 Defense Science and Technology Organization (Pakistan) Product Portfolio
8.9.3 Defense Science and Technology Organization (Pakistan) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Defense Science and Technology Organization (Pakistan) Main Business and Markets Served
8.9.5 Defense Science and Technology Organization (Pakistan) Recent Developments/Updates
8.10 POSCO International (South Korea)
8.10.1 POSCO International (South Korea) Corporation Information
8.10.2 POSCO International (South Korea) Product Portfolio
8.10.3 POSCO International (South Korea) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 POSCO International (South Korea) Main Business and Markets Served
8.10.5 POSCO International (South Korea) Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Mortar Ammunition
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
