Global Precision-Guided Munition Market Growth Analysis And Indications – Includes Precision-Guided Munition Market Size
The Business Research Company’s report goes into great detail on the precision-guided munition market size and growth, precision-guided munition market regional analysis, precision-guided munition market competitive landscape, and other critical information needed to excel in the precision-guided munition industry.
Major players in the precision-guided munition market include Northrop Grumman, Lockheed Martin Corporation, Boeing, BAE Systems, General Dynamics Corporation, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A, Elbit Systems Ltd, Saab AB, Israel Aerospace Industries, Rheinmetall AG, Bharat Dynamics Limited, Denel Dynamics, and LIG Nex 1.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global precision-guided munition market size is expected to grow from $28.48 billion in 2021 to $31.47 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The global precision guided munition market size is expected to grow to $41.23 billion in 2026 at a CAGR of 7.0%.
Asia-Pacific was the largest region in the precision-guided munition market in 2021.
The precision-guided munition market consists of the sales of precision-guided munition by entities (organizations, partnerships, and sole proprietors) that are used to destroy a point target and minimize collateral damage. The precision-guided munition is a guided weapon that detects electromagnetic energy reflected from a target. These are guided using a global positioning system (GPS), a laser guidance beam, or an integrated inertial navigation system.
Increasing military expenditure is significantly driving the growth of the precision-guided munition market.
Strategic partnerships and collaborations have emerged as a key trend in the precision-guided munition market. Key players operating in the precision-guided munition market are focusing on partnerships and collaborations to improve efficiency, expand value propositions, use skills and abilities of other companies, improve leadership skills, and extend their growth in new areas.
TBRC’s Global Precision-Guided Munition Market Report Is Segmented:
By Product: Tactical Missiles, Guided Rockets, Guided Ammunition, Torpedoes, Loitering Munitions
By Technology: Infrared, Semi Active Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation
By Launch Platform: Land, Airborne, Naval
By Mode of Operation: Semi-Autonomous, Autonomous
By Speed: Subsonic, Supersonic, Hypersonic
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Precision-Guided Munition Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the precision-guided munition market globally and regionally, analyzes and forecasts market size, share, precision-guided munition market players, precision-guided munition market segments, leading competitor revenues, profiles and market shares.
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