The global precision guided munition market size is projected to reach around US$ 60 billion by 2030 and is expected to grow at an impressive double-digit rate of 6.51% from 2022 to 2030. The developments in the military sector and the shift to advanced warfare techniques are responsible for the precision guided munition market growth during the forecast period.
The study includes drivers and restraints of this market. The study provides an analysis of the global precision guided munition market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Scope of the Precision Guided Munition Market
| Report Coverage | Details |
| Market Size by 2030 | USD 60 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 6.51% |
| Asia Pacific Market Share in 2021 | 30% |
| GPS Segment Market Share in 2021 | 31% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global precision guided munition market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global precision guided munition market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global precision guided munition market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for precision guided munition are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global precision guided munition market include:
- L3 Technologies Inc.
- Lockheed Martin Corporation
- Raytheon Company
- Textron, Inc.
- Northrop Grumman Corporation
- BAE Systems Plc
- Denel Dynamics
- General Dynamics Corporation
- Hanwha Group
- Israel Aerospace Industries (IAI) Ltd.
Market Segmentation:
By Product
- Tactical Missiles
- Guided Rockets
- Guided Ammunition
- Torpedoes
- Loitering Munitions
By Technology
- Infrared
- Semi-Active Lasers
- Inertial Navigation System (INS)
- Global Positioning System (GPS)
- Radar Homing
- Anti-Radiation
- Others
By Speed
- Subsonic
- Supersonic
- Hypersonic
By Mode of Operation
- Autonomous
- Semi-autonomous
By Launch Platform
- Land
- Airborne
- Naval
Regional Analysis:
The geographical analysis of the global precision guided munition market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global precision guided munition Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global precision guided munition market in 2030?
- What is the expected CAGR for the precision guided munition market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global precision guided munition market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Precision Guided Munition Market
5.1. COVID-19 Landscape: Precision Guided Munition Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Precision Guided Munition Market, By Product
8.1. Precision Guided Munition Market, by Product, 2022-2030
8.1.1. Tactical Missiles
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Guided Rockets
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Guided Ammunition
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Torpedoes
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Loitering Munitions
8.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Precision Guided Munition Market, By Technology
9.1. Precision Guided Munition Market, by Technology, 2022-2030
9.1.1. Infrared
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Semi-Active Lasers
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Inertial Navigation System (INS)
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Global Positioning System (GPS)
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Radar Homing
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.5. Anti-Radiation
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Precision Guided Munition Market, By Speed
10.1. Precision Guided Munition Market, by Speed, 2022-2030
10.1.1. Subsonic
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Supersonic
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Hypersonic
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Precision Guided Munition Market, By Mode of Operation
11.1. Precision Guided Munition Market, by Mode of Operation, 2022-2030
11.1.1. Autonomous
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Semi-autonomous
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Precision Guided Munition Market, By Launch Platform
12.1. Precision Guided Munition Market, by Launch Platform, 2022-2030
12.1.1. Land
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Airborne
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Naval
12.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Precision Guided Munition Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.2. Market Revenue and Forecast, by Technology (2017-2030)
13.1.3. Market Revenue and Forecast, by Speed (2017-2030)
13.1.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.1.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Technology (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Speed (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.1.7. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Technology (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Speed (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.2. Market Revenue and Forecast, by Technology (2017-2030)
13.2.3. Market Revenue and Forecast, by Speed (2017-2030)
13.2.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.2.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Technology (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Speed (2017-2030)
13.2.7. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.2.8. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Technology (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Speed (2017-2030)
13.2.10. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.2.11. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Technology (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Speed (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.2.13. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Technology (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Speed (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.2.15. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.2. Market Revenue and Forecast, by Technology (2017-2030)
13.3.3. Market Revenue and Forecast, by Speed (2017-2030)
13.3.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.3.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Technology (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Speed (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.3.7. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Technology (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Speed (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.3.9. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Technology (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Speed (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Technology (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Speed (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.2. Market Revenue and Forecast, by Technology (2017-2030)
13.4.3. Market Revenue and Forecast, by Speed (2017-2030)
13.4.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.4.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Technology (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Speed (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.4.7. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Technology (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Speed (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.4.9. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Technology (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Speed (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Technology (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Speed (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.2. Market Revenue and Forecast, by Technology (2017-2030)
13.5.3. Market Revenue and Forecast, by Speed (2017-2030)
13.5.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.5.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Technology (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Speed (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.5.7. Market Revenue and Forecast, by Launch Platform (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Technology (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Speed (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Mode of Operation (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Launch Platform (2017-2030)
Chapter 14. Company Profiles
14.1. L3 Technologies Inc.
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Lockheed Martin Corporation
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Raytheon Company
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Textron, Inc.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Northrop Grumman Corporation
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. BAE Systems Plc
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Denel Dynamics
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. General Dynamics Corporation
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Hanwha Group
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Israel Aerospace Industries (IAI) Ltd.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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