Precision Guided Munition Market, By Product (Tactical Missiles, Guided Rockets, Guided Ammunition, Loitering Munition), By Technology (Infrared, Semi-Active Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing , Anti-Radiation, Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Precision Guided Munition (PGM) is a category of weapons that can be directed and aimed against a single target. PGMs use guidance systems that can either be external or internal. Depending on the weapon, they can be air- or ground-launched and can change their flight path according to new information inputs. PGMs serve two important goals: to degrade or destroy a specific target and to minimize collateral damage to noncombatants, materiel, and facilities near the targeted location. These munitions use advanced global positioning systems, laser guidance, and inertial navigation systems to achieve these goals.
Market Dynamics:
The precision guided munition market is anticipated to exhibit lucrative growth over the forecast period due to the increasing need for accurate strikes, rise in asymmetric warfare, and increasing program for military modernization. The growing use of satellite networks, navigation aids, and drones to destroy high-value targets is another key factor driving the demand for these weapons. Moreover, rising need for advanced weapons systems that deliver precise and accurate strikes on specific targets, the growing asymmetric warfare and geopolitical tensions, and the growing adoption of GPS technology by armed forces across the world are further projected to propel market growth.
However, this growth can be hampered by several restraints, such as the cost of development and production and high maintenance and support costs.
Key features of the study:
This report provides in-depth analysis of the global precision guided munition market, and provides market size (US$ billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global precision guided munition market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Lockheed Martin Corporation, Northrop Grumman Corporation , Raytheon Technologies Corporation , General Dynamics Corporation, BAE Systems, Rheinmetall AG, SAAB, Elbit Systems Ltd, MBDA, and Israel Aerospace Industries
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global precision guided munition market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global precision guided munition market
Detailed Segmentation:
Global Precision Guided Munition Market, By Product
Tactical Missiles
Guided Rockets
Guided Ammunition
Loitering Munition
Global Precision Guided Munition Market, By Technology
Infrared
Semi-Active Laser
Inertial Navigation System (INS)
Global Positioning System (GPS)
Radar Homing
Anti-Radiation
Others
Global Precision Guided Munition Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
General Dynamics Corporation
BAE Systems
Rheinmetall AG
SAAB
Elbit Systems Ltd
MBDA
Israel Aerospace Industries
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Technology
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Rising demand from defense sector
- Increasing program for military modernization
- Restraints
- High maintenance and support costs
- Opportunities
- Increasing number of armed conflict incidents across the world
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Global Precision Guided Munition Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Precision Guided Munition Market , By Product, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Tactical Missiles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Guided Rockets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Guided Ammunition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Loitering Munition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- 6. Global Precision Guided Munition Market , By Technology, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Infrared
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Semi-Active Laser
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Inertial Navigation System (INS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Global Positioning System (GPS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Radar Homing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Anti-Radiation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- 7. Global Precision Guided Munition Market , By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2023 –2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Bn)
- Middle East &Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Bn)
- 8. Competitive Landscape
- Lockheed Martin Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Northrop Grumman Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Raytheon Technologies Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- General Dynamics Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- BAE Systems
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Rheinmetall AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- SAAB
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Elbit Systems Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- MBDA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Israel Aerospace Industries
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
- 9. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on "PRECISION GUIDED MUNITION Market” - Global forecast to 2030
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