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Global Precision Guided Munition Market: By Speed: Hypersonic, Non-Hypersonic; By Product: Tactical Missiles, Guided Rockets, Guided Ammunition, Loitering Munition; By Technology; By Type; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Precision Guided Munition Market Outlook

The global precision guided munition market attained a value of USD 29 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8.2% to reach USD 46.5 billion by 2026. The market is expected to be driven by the rising number of military modernisation programs.

 

Global Precision Guided Munition Market

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Properties and Applications

Precision guided munitions refer to a shell fitted with a missile, bombing or artillery terminal guidance device. It requires electrical equipment to direct the final stage until impact. Due to the remote laws of the cube that minimize the harmful impact of explosive weapons with distance, even minor precision changes allow an object to be targeted with fewer or smaller explosives.

 

Global Precision Guided Munition Market By Speed

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Based on speed, the market can be divided into:

  • Hypersonic 
  • Non-Hypersonic

The products can be divided into:

  • Tactical Missiles 
  • Guided Rockets 
  • Guided Ammunition 
  • Loitering Munition

The market can be broadly categorised based on technology into:

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

Based on type, the market is categorised into:

  • Autonomous 
  • Semi-Autonomous

The EMR report looks into the regional markets of precision guided munition like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Precision Guided Munition Market By Region

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Market Analysis

The rising demand for highly accurate strike ammunition, increased asymmetric warfare, geopolitical tensions, and the rising number of programmes are some of the main drivers of the expansion of the guided precise munitions industry. Most countries focus on increasing their R&D budgets and introducing projects to create the next-generation lightweight, compact, and effective precision weapons. The increasing use of satellite, navigational and drone networks to kill high-value, long-range targets, and the demand for miniature weapons are the key factors that fuel the demand for precision-guided munitions. Autonomous precision-guided munitions are equipped with high-resolution, electro-optical cameras, which help to identify as well as guide the car. The growing demand for multi-target accuracy and multi-mission weapons is expected to fuel the market growth during the forecast period. However, such weapons are limited in scope and have extremely complex guidelines that can prevent the global market from growing.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global precision guided munition market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • BAE Systems Plc 
  • Lockheed Martin Corporation (NYSE: LMT)
  • Raytheon Company 
  • Leonardo S.p.A 
  • Elbit Systems Ltd 
  • Saab AB 
  • The Boeing Company 
  • Hanwha Corp.
  • Others

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Speed, Product, Technology, Type, Region
Breakup by Speed Hypersonic, Non-Hypersonic
Breakup by Product Tactical Missiles, Guided Rockets, Guided Ammunition, Loitering Munition
Breakup by Technology Infrared, Semi-Active Lasers, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation, Others
Breakup by Type Autonomous, Semi-Autonomous
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BAE Systems plc, Lockheed Martin Corporation, Leonardo S.p.A, Elbit Systems Ltd., Hanwha Corporation, Raytheon Technologies Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

Key Questions Answered in the Market Report

  • How has the global precision guided munition market performed in the previous years (2017-2021)?
  • What is the forecast assessment of the industry for 2022-2027?
  • What are the major drivers of the historical (2017-2021) and forecast (2022-2027) periods?
  • What are the major constraints of the historical (2017-2021) and forecast (2022-2027) periods?
  • What are the major price indicators of the global precision guided munition industry?
  • What are the major demand indicators of the global industry?
  • Who are the key players in the global precision guided munition market?
  • What is the degree of competition in the global industry?
  • What are the major events and developments taking place within the global industry?

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Precision Guided Munition Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Precision Guided Munition Historical Market (2017-2021) 
    8.3    Global Precision Guided Munition Market Forecast (2022-2027)
    8.4    Global Precision Guided Munition Market by Speed 
        8.4.1    Hypersonic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Non-Hypersonic
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Precision Guided Munition Market by Product
        8.5.1    Tactical Missiles
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Guided Rockets
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Guided Ammunition
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Loitering Munition
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Precision Guided Munition Market by Technology
        8.6.1    Infrared
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Semi-Active Lasers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Inertial Navigation System (INS)
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Global Positioning System (GPS)
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Radar Homing
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Anti-Radiation
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Others
    8.7    Global Precision Guided Munition Market by Type
        8.7.1    Autonomous
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Semi-Autonomous
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
    8.8    Global Precision Guided Munition Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Spain
            9.2.3.6    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    BAE Systems plc
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Lockheed Martin Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Leonardo S.p.A
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Elbit Systems Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Hanwha Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Raytheon Technologies Corporation
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Precision Guided Munition Market: Key Industry Highlights, 2016 and 2026
2.    Global Precision Guided Munition Historical Market: Breakup by Speed (USD Million), 2017-2021
3.    Global Precision Guided Munition Market Forecast: Breakup by Speed (USD Million), 2022-2027
4.    Global Precision Guided Munition Historical Market: Breakup by Product (USD Million), 2017-2021
5.    Global Precision Guided Munition Market Forecast: Breakup by Product (USD Million), 2022-2027
6.    Global Precision Guided Munition Historical Market: Breakup by Technology (USD Million), 2017-2021
7.    Global Precision Guided Munition Market Forecast: Breakup by Technology (USD Million), 2022-2027
8.    Global Precision Guided Munition Historical Market: Breakup by Type (USD Million), 2017-2021
9.    Global Precision Guided Munition Market Forecast: Breakup by Type (USD Million), 2022-2027
10.    Global Precision Guided Munition Historical Market: Breakup by Region (USD Million), 2017-2021
11.    Global Precision Guided Munition Market Forecast: Breakup by Region (USD Million), 2022-2027
12.    North America Precision Guided Munition Historical Market: Breakup by Country (USD Million), 2017-2021
13.    North America Precision Guided Munition Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Europe Precision Guided Munition Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Europe Precision Guided Munition Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Asia Pacific Precision Guided Munition Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Asia Pacific Precision Guided Munition Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Latin America Precision Guided Munition Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Latin America Precision Guided Munition Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Middle East and Africa Precision Guided Munition Historical Market: Breakup by Country (USD Million), 2017-2021
21.    Middle East and Africa Precision Guided Munition Market Forecast: Breakup by Country (USD Million), 2022-2027
22.    Global Precision Guided Munition Market Structure

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