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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
The report presents a detailed analysis of the following key players in the global precision guided munition market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BAE Systems Plc
- Lockheed Martin Corporation
- Leonardo S.p.A
- Elbit Systems Ltd.
- Hanwha Corporation
- Raytheon Technologies Corporation
- The Boeing Company
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Precision Guided Munition Market Report Snapshots
Precision Guided Munition Market Size
Precision Guided Munition Market Analysis
Precision Guided Munition Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global precision guided munition market reached a value of USD 36.73 billion in 2023.
The market is projected to grow at a CAGR of nearly 8.2% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of over USD 74.62 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising number of military modernisation programs, growing demand for highly accurate strike ammunition, and the rising demand for multi-target accuracy and multi-mission weapons.
Increased research and development activities, rising demand for next-generation lightweight, compact, and effective precision weapons, increased asymmetric warfare, and rising geopolitical tensions are key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The speeds of precision guided munition in the market are hypersonic and non-hypersonic.
The significant products in the market are tactical missiles, guided rockets, guided ammunition, and loitering munition.
The major technologies of precision guided munition in the market are infrared, semi-active lasers, inertial navigation system (INS), global positioning system (GPS), radar homing, and anti-radiation, among others.
The leading players in the global precision guided munition market are BAE Systems plc, Lockheed Martin Corporation, Leonardo S.p.A, Elbit Systems Ltd., Hanwha Corporation, Raytheon Technologies Corporation, and The Boeing Company, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124