Precision Guided Munition Market Size, Demand, and Future Outlook: Industry Trends and Forecast to 2029.
Data Bridge Market Research has recently released an extensive research report titled "Precision Guided Munition Market" which aims to equip you with a competitive advantage by providing comprehensive and up-to-date information. This comprehensive study offers a deep understanding of the market, empowering you to navigate the industry successfully. Serving as a dependable source, the report uncovers the current market conditions and trends, making it an invaluable tool for formulating an effective marketing strategy. By presenting an expansive view of the market landscape, this report furnishes valuable insights into trends, opportunities, and the overall market status. Through strategic market research analysis and insightful business intelligence, this industry report explores the relevant markets for our clients. It also encompasses a detailed SWOT analysis and investment analysis of the extensive "Precision Guided Munition Market" thus projecting imminent opportunities for market players.
The precision guided munition market size is valued at USD 58.92 billion by 2028 and is expected to grow at a compound annual growth rate of 7.45% over the forecast period of 2021 to 2028. Data Bridge Market Research report on precision guided munition market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
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Market Definition:
This precision guided munition market report provides
details of new recent developments, trade regulations, import export analysis,
production analysis, value chain optimization, market share, impact of domestic
and localized market players, analyses opportunities in terms of emerging
revenue pockets, changes in market regulations, strategic market growth
analysis, market size, category market growths, application niches and
dominance, product approvals, product launches, geographic expansions,
technological innovations in the market. To gain more info on the precision
guided munition market contact Data Bridge Market Research for an Analyst
Brief, our team will help you take an informed market decision to achieve
market growth.
The major players
covered in the precision guided munition market report are:
- BAE Systems
- Lockheed Martin Corporation
- Raytheon Company
- MBDA
- Northrop Grumman
- Kongsberg
- Leonardo S.p.A.
- Elbit Systems Ltd.
- Saab AB
- The Boeing Company
- KBP Instrument Design Bureau
- Hanwha Corporation
- Israel Aerospace Industries (IAI) Ltd.
- Denel Dynamics
- LIG Nex 1
- Roketsan A.S.
- Thales Group
- General Dynamics Corporation
- L3Harris Technologies, Inc.
- IMI Systems
Global Precision Guided Munition Market Scope and Market Size:
The precision guided
munition market is segmented on the basis of speed, product, technology, type
and end use. The growth among segments helps you analyze niche pockets of
growth and strategies to approach the market and determine your core
application areas and the difference in your target markets.
- On the basis of speed, the precision
guided munition market is segmented into hypersonic and non-hypersonic.
- Based on product, the precision
guided munition market is segmented into tactical missiles, guided
rockets, guided ammunition and loitering munition. Tactical missiles have
further been segmented into surface-to-surface, surface-to-air,
air-to-air, air-to-surface and subsea-to-surface. Guided rockets have
further been segmented into surface-to-surface, air-to-surface and
surface-to-air. Guided ammunition has further been segmented into guided
mortar, guided artillery shells, guided bombs and guided bullets.
- On the basis of technology, the
precision guided munition market is segmented into infrared, semi-active
lasers, inertial navigation system (INS), global positioning system (GPS),
radar homing, anti-radiation and others. Infrared has further been
segmented into IIR homing and IR homing. Radar homing has further been
segmented into active homing and semi-active homing.
- Based on type, the precision guided
munition market is segmented into autonomous and semi-autonomous.
The precision guided
munition market is segmented on the basis of end use into airborne,
land-base and naval.
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Precision Guided Munition Market Country Level Analysis:
The precision guided
munition market is analyzed and market size, volume information is provided by
country, speed, product, technology, type and end use as referenced above.
The countries
covered in the precision guided munition market report are U.S., Canada and
Mexico in North America, Brazil, Argentina and Rest of South America as part of
South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium,
Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India,
South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines,
Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia,
U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a
part of Middle East and Africa (MEA).
Asia-Pacific leads
the precision guided munition market because of the rise in tensions between
the countries as well as the rise in need to strengthen the defense
capabilities. Europe is expected to expand at a significant growth rate over
the forecast period of 2021 to 2028 due to the presence of prominent
manufacturers and high investments in the military operation.
The country section
of the precision guided munition market report also provides individual market
impacting factors and changes in regulation in the market domestically that impacts
the current and future trends of the market. Data points like down-stream and
upstream value chain analysis, technical trends and porter's five forces
analysis, case studies are some of the pointers used to forecast the market
scenario for individual countries. Also, the presence and availability of
global brands and their challenges faced due to large or scarce competition
from local and domestic brands, impact of domestic tariffs and trade routes are
considered while providing forecast analysis of the country data.
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