The Mortar Ammunition Market: A Strategic Defense Sector Poised for Substantial Growth
The global mortar ammunition market represents a critical segment of the defense industry that continues to witness robust expansion driven by evolving military modernization programs and escalating geopolitical tensions worldwide. As nations prioritize strengthening their defense capabilities, this specialized market is experiencing unprecedented demand across multiple regions. Explore the Full Report - https://futuremarketanalytics.com/report/mortar-ammunition-market/ Market Size and Growth Trajectory The global mortar ammunition market size is estimated at USD 93.48 billion in 2025, and is expected to reach USD 141.31 billion by 2033, growing at a CAGR of 5.3%. This substantial growth trajectory reflects the sector's resilience and strategic importance in modern warfare scenarios. Different market research firms present varying figures, with some estimates indicating the market could expand from approximately $3.5 billion in 2023 to $5.8 billion by 2033, undersco...