The Global Precision Guided Munition Market is accounted for $27.40 billion in 2018 and is expected to reach $62.01 billion by 2027 growing at a CAGR of 9.5% during the forecast period. Increasing demand for precision-guided munitions to minimize collateral damage, growing military modernization programs and reduction in logistics burden are some of the factors fuelling the market growth. However, regulations related to arms transfer and high manufacturing costs are restricting the market growth.

Precision guided munitions are a shell fitted with a terminal guidance system for missiles, bombings or artillery. It includes electrical equipment in order to guide before the effect in the last stage. The terminal guidance unit is intended for the sensation within its field of perspective of emitted or reflected EMR (electromagnetic radiation). Because the harmful impacts of explosive weapons reduce with distance owing to inverse cube legislation, even small precision improvements allow a target to be assaulted with fewer or smaller bombs. Thus, even if some guided bombs are missing, fewer air crews are put at risk and may reduce the harm to civilians and the amount of collateral damage.

Based on type, the autonomous segment is estimated to have a lucrative growth due to the growing demand for multi-mission, multi-target precision-strike, and air-to-ground precision weapons. By Geography, Asia Pacific is likely to have a huge demand due to the rising demand for precision-guided munition from defence forces of different countries of the region. China, India, Japan, and South Korea are investing heavily in the development of high strike precision weapons.

Some of the key players profiled in the Precision Guided Munition market include BAE Systems, China North Industries Corporation (Norinco), Denel Dynamics, Elbit Systems, Hanwha Group, Israel Aerospace Industries (IAI) Ltd., KBP Instrument Design Bureau, Kongsberg Gruppen, Leonardo - Societ Per Azioni, LIG Nex 1, Lockheed Martin Corporation, MBDA, Northrop Grumman, Raytheon Company, Roketsan A.S., Saab AB and The Boeing Company.

Types Covered:

  • Autonomous
  • Semi-Autonomous

Products Covered:

  • Guided Ammunition
  • Guided Rockets
  • Loitering Munitions
  • Tactical Missiles

Technologies Covered:

  • Anti-Radiation
  • Global Positioning System (GPS)
  • Inertial Navigation System (INS)
  • Infrared
  • Radar Homing
  • Semi-Active Lasers
  • Other Technology

Speeds Covered:

  • Hypersonic
  • Non-Hypersonic

Applications Covered:

  • Airborne
  • Land-Based
  • Naval

Regions Covered:

  • North America
  • ·US
  • ·Canada
  • ·Mexico
  • Europe
  • ·Germany
  • ·UK
  • ·Italy
  • ·France
  • ·Spain
  • ·Rest of Europe
  • Asia Pacific
  • ·Japan
  • ·China
  • ·India
  • ·Australia
  • ·New Zealand
  • ·South Korea
  • ·Rest of Asia Pacific
  • South America
  • ·Argentina
  • ·Brazil
  • ·Chile
  • ·Rest of South America
  • Middle East & Africa
  • ·Saudi Arabia
  • ·UAE
  • ·Qatar
  • ·South Africa
  • ·Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
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  • Company Profiling
  • ·Comprehensive profiling of additional market players (up to 3)
  • ·SWOT Analysis of key players (up to 3)
  • Regional Segmentation
  • ·Market estimations, Forecasts and CAGR of any prominent country as per the client’s interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
  • ·Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances