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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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Market Segmentation

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 
  • Leonardo S.p.A 
  • Elbit Systems Ltd.
  • Hanwha Corporation
  • The Boeing Company 
  • Raytheon Technologies Corporation
  • 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, 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, The Boeing Company, 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.

 

*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    Key Indicators for Demand
    10.4    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    The Boeing Company
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments


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

Key Questions Answered in the Report

The global precision guided munition market reached a value of USD 29 billion in 2020.

The market is projected to grow at a CAGR of nearly 8.2% in the forecast period of 2022-2027.

The market is estimated to reach a value of about USD 46.5 billion by 2026.

The major drivers of the industry include the rising disposable incomes, increasing population, rising number of military modernisation programs, rising demand for highly accurate strike ammunition, increased asymmetric warfare, geopolitical tensions, and the rising demand for multi-target accuracy and multi-mission weapons.

Emerging countries are focussing on increasing their R&D budgets and introducing projects to create the next-generation lightweight, compact, and effective precision weapons, which are expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The leading speed segments in the market are hypersonic and non-hypersonic.

The significant products in the industry are tactical missiles, guided rockets, guided ammunition, and loitering munition.

The major technology segments in the industry are infrared, semi-active lasers, inertial navigation system (INS), global positioning system (GPS), radar homing, and anti-radiation, among others.

The leading players in the market are BAE Systems plc, Lockheed Martin Corporation, Leonardo S.p.A, Elbit Systems Ltd., Hanwha Corporation, Raytheon Technologies Corporation, and The Boeing Company, among others.

Analyst Review

The global precision guided munition market attained a value of USD 29 billion in 2020, driven by the growth in the demand for multi-target accuracy and multi-mission weapons. Aided by the rising number of military modernisation programmes, the industry is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 8.2%. The industry is projected to reach USD 46.5 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on speed, the market can be segmented into hypersonic and non-hypersonic. By product, the industry can be divided between tactical missiles, guided rockets, guided ammunition, and loitering munition. Based on technology, the industry can be divided into infrared, semi-active lasers, inertial navigation system (INS), global positioning system (GPS), radar homing, and anti-radiation, among others. The major regional markets for precision guided munition are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include BAE Systems plc, Lockheed Martin Corporation, Leonardo S.p.A, Elbit Systems Ltd., Hanwha Corporation, Raytheon Technologies Corporation, and The Boeing Company, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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