Precision Guided Munition Market Poised for 9.56% CAGR Growth Through 2028 - MarkNtel Advisors

MarkNtel Advisors has released its comprehensive analysis of Precision Guided Munition Market, projecting a steady 9.56% CAGR growth from 2023-2028. Our team of industry specialists has exactly compiled the latest market intelligence to support stakeholders—entrepreneurs, financial analysts, and corporate strategists—in making informed, data-backed decisions.

Precision Guided Munition Market Statistics:

Study Period- Historical Data: 2018-21

Base Year:

Forecast Period: 2023-28

CAGR (2023-2028): 9.56%

Market Study Report Coverage:

1. Market Fundamentals: Size, share, Revenue, and historical performance metrics.
2. Emerging Opportunity: Upsurge in the Militarization Across East Asia, Japan and South Korea 
3. Geographical Analysis: Growth hotspots - North America region is expected to witness significant growth in the Global Precision Guided Munition Market in the upcoming years. 
4. Competitive Benchmarking: Market leaders vs. emerging players.

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Precision Guided Munition Market Segmentation Analysis (2023–2028)

The study analyzes significant trends in each segment of Precision Guided Munition Market report, as well as growth estimates for 2023–2028 at the geographical levels.

As per the Report the market segment bifurcated into:

By Speed

• Subsonic- Market Size & Forecast 2018-2028, (USD Million)
• Supersonic- Market Size & Forecast 2018-2028, (USD Million)
• Hypersonic- Market Size & Forecast 2018-2028, (USD Million)

By Product Type

• Tactical Missiles- Market Size & Forecast 2018-2028, (USD Million)
• Surface-to-surface
• Surface-to-air
• Air-to-air
• Air-to-surface
• Guided Rockets- Market Size & Forecast 2018-2028, (USD Million)
• Surface-to-surface
• Surface-to-air
• Air-to-surface
• Guided Ammunition- Market Size & Forecast 2018-2028, (USD Million)
• Motor
• Bomb
• Bullets
• Torpedoes- Market Size & Forecast 2018-2028, (USD Million)
• Surface-to-subsea
• Subsea-to-subsea
• Air-to-subsea
• Loitering Munitions- Market Size & Forecast 2018-2028, (USD Million)

Tactical missiles are at the forefront of Precision Munition, offering unparalleled accuracy and target engagement capabilities.

By Technology

• Infrared- Market Size & Forecast 2018-2028, (USD Million)
• Laser- Market Size & Forecast 2018-2028, (USD Million)
• Inertial Navigation System (INS)- Market Size & Forecast 2018-2028, (USD Million)
• Global Positioning System (GPS)- Market Size & Forecast 2018-2028, (USD Million)
• Others (Radar Homing, Anti-Radiation, etc.)- Market Size & Forecast 2018-2028, (USD Million)

By Mode of Operation

• Autonomous- Market Size & Forecast 2018-2028, (USD Million)
• Semi-Autonomous- Market Size & Forecast 2018-2028, (USD Million)

By Launch Platform

• Land- Market Size & Forecast 2018-2028, (USD Million)
• Airborne- Market Size & Forecast 2018-2028, (USD Million)
• Naval- Market Size & Forecast 2018-2028, (USD Million)

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia Pacific

Precision Guided Munition Market Sector Growth Driver:-

Advancing Military Modernization Ignites Precision Guided Munition Demand– During the historical years, military modernization drove the adoption of Precision Guided Munition by addressing the need for accuracy, flexibility, reduced collateral damage, and enhanced strategic capabilities. As armed forces worldwide seek to upgrade their arsenals and adapt to evolving security challenges, the requirement for Precision Guided Munition remains a vital factor in elevating the market size during the historical years. In addition, rising flexibilities in the mission profiles involve the development of multi-role platforms and weapons.

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Precision Guided Munition Market Competitive Outlook (2023–2028)

This section discusses the major participants in Precision Guided Munition Market, with a focus on securing new contracts in developing nations to strengthen their footprint

Competitive Analysis Cover:

• Business Description
• Product Segments
• Strategic Alliances or Partnerships
• Recent Developments
• Financial Details
• Others

List of Major Precision Guided Munition Market Competitor

• BAE System
• General Atomics
• Elbit System
• General Dynamics Mission Systems, Inc.
• Northrop Grumman
• Lockheed Martin Corporation
• Raytheon Technology Corporation
• Israel Aerospace Industries
• Thales
• MBDA
• Leonardo S.p.A
• Denel Dynamics
• Rafael Advanced Defense Systems Ltd.
• Saab AB
• Roketsan
• Bharat Dynamics Limited

The market is highly fragmented, with a mix of global and regional players competing for market share. To Learn More About the Global Trends Impacting the Future of Top 10 Companies in Precision Guided Munition Market

Precision Guided Munition Industry Recent Developments -

• In year 2023, the US Army Combat Capabilities Development Command Armaments Center (DEVCOM AC) has awarded BAE Systems with around USD72.5 Million, a three-year contract for continued research & development efforts in the advancement of Precision Guided Munition (PGM) to support the Army’s long-range precision fire modernization efforts.

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Frequently Asking Questions (FAQ’s):

• What specific areas and industries are covered in Precision Guided Munition Market research report?
• How big is Precision Guided Munition industry?
• Which companies have the largest Precision Guided MunitionMarket share?
• What opportunities, challenges, and driving forces characterize Precision Guided Munition sector?

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