Precision Guided Munition Market Size, Share, and Outlook, 2025 Report- By Speed (Subsonic, Supersonic, Hypersonic), By Product (Tactical Missiles, Guided Rockets, Guided Ammunition, Torpedoes, Loitering Munitions), By Technology (Infrared, Laser, Inertia

Precision Guided Munition Market Outlook

Precision Guided Munition Market Size is forecast to reach $60 Billion in 2032 from $42.7 Billion in 2025, at an optimistic growth rate of 4.9% from 2025 to 2032. The robust Precision Guided Munition Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Precision Guided Munition Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Speed (Subsonic, Supersonic, Hypersonic), By Product (Tactical Missiles, Guided Rockets, Guided Ammunition, Torpedoes, Loitering Munitions), By Technology (Infrared, Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-radiation), By Mode of Operation (Autonomous, Semi-autonomous), By Platform (Land, Airborne, Naval). Over 70 tables and charts showcase findings from our latest survey report on Precision Guided Munition Markets.

Precision Guided Munition Market Insights, 2025: Precision Guided Munition – Key Drivers and Opportunities

Precision guided munitions (PGMs) are weapons that use guidance systems to deliver payloads with high accuracy, minimizing collateral damage and improving the effectiveness of military operations. These systems are used in a wide range of military applications, including air-to-ground, ground-to-ground, and sea-to-air operations.

The demand for PGMs is driven by increasing military budgets and the growing need for precision and minimal collateral damage in modern warfare. The advanced capabilities of PGMs to hit specific targets with minimal error margins make them highly effective in precision strikes, particularly in urban warfare and counterterrorism operations. The rise in geopolitical tensions and military conflicts, along with the ongoing modernization of armed forces globally, is fueling the demand for PGMs. Additionally, the development of more advanced technologies such as GPS, infrared, and laser-guided systems is enhancing the capabilities of PGMs, making them more accurate, cost-effective, and versatile.

Opportunities in the PGM market lie in the development of smaller, more cost-effective systems that can be deployed by a wider range of platforms, including drones and unmanned aerial vehicles (UAVs). The increasing use of autonomous systems and artificial intelligence in military applications is opening new avenues for PGMs to operate more efficiently in complex environments. Additionally, the demand for precision munitions in defense sectors is creating opportunities for the development of advanced guidance and control technologies, such as enhanced GPS and multi-sensor fusion systems. As international defense budgets continue to grow, particularly in emerging markets, the market for PGMs is expected to expand, with a focus on affordability, precision, and versatility.

Five Trends that will define global Precision Guided Munition Market in 2025 and Beyond

A closer look at the multi-million global market for Precision Guided Munition Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Precision Guided Munition Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Precision Guided Munition Industry?

The Precision Guided Munition Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Precision Guided Munition Market Segment Insights

The Precision Guided Munition Industry presents strong offers across categories. The analytical report offers forecasts of Precision Guided Munition Industry performance across segments and countries. Key segments in the industry include- By Speed (Subsonic, Supersonic, Hypersonic), By Product (Tactical Missiles, Guided Rockets, Guided Ammunition, Torpedoes, Loitering Munitions), By Technology (Infrared, Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-radiation), By Mode of Operation (Autonomous, Semi-autonomous), By Platform (Land, Airborne, Naval). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Precision Guided Munition Market size outlook is provided for 22 countries across these regions.

Precision Guided Munition Industry Value Chain

The chapter identifies potential companies and their operations across the global Precision Guided Munition Industry ecosystem. It assists decision-makers in evaluating global Precision Guided Munition Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Precision Guided Munition Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Precision Guided Munition Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Precision Guided Munition Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Precision Guided Munition Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Precision Guided Munition Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Precision Guided Munition Market Insights- Executives are most excited about opportunities for the US Precision Guided Munition Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Precision Guided Munition Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Precision Guided Munition Market.

Latin American Precision Guided Munition Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Precision Guided Munition Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Precision Guided Munition Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Precision Guided Munition Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Precision Guided Munition Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Aselsan A.S., BAE Systems, Boeing Company, Denel Dynamics, Dynetics Inc, Elbit Systems, General Atomics, General Dynamics Corp, Israel Aerospace Industries, Kongsberg, Leonardo S.P.A., Lockheed Martin Corp, Mbda, Northrop Grumman Corp, Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corp, Rheinmetall, Roketsan , Saab Ab, Thales.

Precision Guided Munition Market Scope and Segmentation

By Speed

Subsonic

Supersonic

Hypersonic

By Product

Tactical Missiles

Guided Rockets

Guided Ammunition

Torpedoes

Loitering Munitions

By Technology

Infrared

Laser

Inertial Navigation System (INS)

Global Positioning System (GPS)

Radar Homing

Anti-radiation

By Mode of Operation

Autonomous

Semi-autonomous

By Platform

Land

Airborne

Naval

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Precision Guided Munition Market Research-

Aselsan A.S.

BAE Systems

Boeing Company

Denel Dynamics

Dynetics Inc

Elbit Systems

General Atomics

General Dynamics Corp

Israel Aerospace Industries

Kongsberg

Leonardo S.P.A.

Lockheed Martin Corp

Mbda

Northrop Grumman Corp

Rafael Advanced Defense Systems Ltd

Raytheon Technologies Corp

Rheinmetall

Roketsan

Saab Ab

Thales

Reasons to Buy the report

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• Get an integrated understanding of the entire market ecosystem and companies.
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