Operation Desert Storm was the period when precision-guided munition became prominent. Since then, they proved their value on multiple occasions, such as in Afghanistan, Iraq, Libya and currently in Ukraine.

The war in Ukraine came as a reminder that near-peer conflicts are back after almost two decades of counter-insurgency operations. The lessons learned have led to several changes in the weapons and ammunition landscape. However, the most important issue was the stark realization that western countries were not prepared to tackle such a contingency. Their preparation for a high-intensity conflict was limited, while the defence industrial complex had limited its capacity despite having grown in the last decade.

Precision-guided munition are being used at a very high rates in the Ukrainian theatre of operations and the western industries are struggling to tackle the shortages in production.

Further to that, defence officials are faced with multiple challenges, namely the high inflation rates which end up reducing defence budgets in real terms, the disruption or difficulties in the supply chains and the energy crisis which further exacerbates the financial constraints.

Market Forecast provides a detailed analysis of the Precision-Guided Ammunition market up to 2031 in terms of calibre sizes, domain of platform from where the PGM are launched, and in terms of region. The report also provides key technological developments and maps the ammunition production infrastructure in major countries all over the world.

 

Covered in this report

  • Global market share assessments for all calibres to 2031.
  • Market share assessments per segments and regions up to 2031.
  • Snapshot on global security issues, defence budgets, spending patterns and how these affect the procurement of military ammunition.
  • Focus on key defence markets.
  • Market dynamics and key players in the ammunition production and supply chain around the world.
  • Decisions on ammunition production in key markets.
  • An insight on the latest technological developments in the military ammunition.
  • Market Trends: Drivers, Trends, Opportunities and Risks for the stakeholders that want to stay ahead of the competition.
  • Profiles for the leading companies.
 

Segmentation

This report is segmented by Region, Calibre and User.
Region
  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • RoW
Domain
  • Land
  • Aerial
  • Naval
Calibre
  • Up to 70 mm
  • Up to 155 mm
  • Above 200 mm
  • Precison-Guided Bombs
 

Reasons to buy

  • Determine prospective procurement areas based on a procurement plan analysis of the PGM market over the next nine years.
  • Gain an in-depth understanding of the underlying factors driving demand for Precision-Guided Munition in the leading countries and other potential markets across the world and identify the opportunities offered by each of them.
  • Strengthen your understanding of the market with regards to demand drivers, industry trends, potential risks and technological developments.
  • Understand the geography of ammunition production around the world and how key markets are responding to the requirements of the high-intensity war in Ukraine
 

Who is This Report For? 

This report is a must, particularly if you are one of the following:
  • Business Leaders & Business Developers
  • Market Analysts
  • Government and Military decision-makers
  • Component manufacturers