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The global precision guided munition market attained a value of USD 29 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 8.2% to reach USD 46.5 billion by 2025. The market is expected to be driven by the rising number of military modernisation programs.
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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.
Based on speed, the market can be divided into:
The products can be divided into:
The market can be broadly categorised based on technology into:
Based on type, the market is categorised into:
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.
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.
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:
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.
Key Questions Answered in the Market Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Precision Guided Munition Market Analysis
6.1 Figure: Global Precision Guided Munition Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Precision Guided Munition Market Breakup by Speed
6.3 Figure: Global Precision Guided Munition Market Breakup by Speed: Historical Market (2015-2019) & Forecast (2020-2025)
6.4 Chart: Global Precision Guided Munition Market by Product
6.4.1 Tactical Missiles
6.4.2 Guided Rockets
6.4.3 Guided Ammunition
6.4.4 Loitering Munition
6.5 Figure: Global Precision Guided Munition Market Breakup by Product: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Tactical Missiles
6.5.2 Guided Rockets
6.5.3 Guided Ammunition
6.5.4 Loitering Munition
6.6 Chart: Global Precision Guided Munition Market Breakup by Technology
6.6.2 Semi-Active Lasers
6.6.3 Inertial Navigation System (INS)
6.6.4 Global Positioning System (GPS)
6.6.5 Radar Homing
6.7 Figure: Global Precision Guided Munition Market Breakup by Technology: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.2 Semi-Active Lasers
6.7.3 Inertial Navigation System (INS)
6.7.4 Global Positioning System (GPS)
6.7.5 Radar Homing
6.8 Chart: Global Precision Guided Munition Market Breakup by Type
6.9 Figure: Global Precision Guided Munition Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.10 Chart: Global Precision Guided Munition Market Breakup by Region
6.10.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
6.10.3 Asia Pacific
6.10.4 Latin America
6.10.5 Middle East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
6.11 Figure: Global Precision Guided Munition Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.11.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.11.3 Asia Pacific
6.11.4 Latin America
6.11.5 Middle East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Competitive Landscape & Supplier Analysis
11.1 BAE Systems Plc (LON: BA)
11.1.1 Company Overview
11.1.2 Financial Analysis
11.2 Lockheed Martin Corporation (NYSE: LMT)
11.2.1 Company Overview
11.2.2 Financial Analysis
11.3 Raytheon Company (NYSE: RTN)
11.3.1 Company Overview
11.3.2 Financial Analysis
11.4 Leonardo S.p.A (BIT: LDO)
11.4.1 Company Overview
11.4.2 Financial Analysis
11.5 Elbit Systems Ltd (TLV: ESLT)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.6 Saab AB (STO: SAAB-B)
11.6.1 Company Overview
11.6.2 Financial Analysis
11.7 The Boeing Company (NYSE: BA)
11.7.1 Company Overview
11.7.2 Financial Analysis
11.8 Hanwha Corp. (KRX: 000880)
11.8.1 Company Overview
11.8.2 Financial Analysis
12 Events and Developments
Additional Customization Available:
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Production Cost Analysis
14.1 Land, Location and Site Development
14.3 Plant Machinery
14.4 Cost of Raw Material
14.9 Other Capital Investment
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