Comprehensive Research Report on Global Precision Guided Munition Market Analysis, Growth Forecast 2023-2028
MarkNtel Advisors, one of the leading market research firms, has come up with its latest report, titled Global Precision Guided Munition Market. The analysts meticulously assessed the collected material, employing a blend of primary and secondary research activities to extract valuable insights.
The Global Precision Guided Munition Market is projected to grow at a CAGR of around 9.56% during the forecast period 2023-28.
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Market 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.
Market Segmentation
The report’s key sections have undergone thorough scrutiny by industry experts, who explored the aforementioned categories and sub-segments. Profitability and growth potential of the Precision Guided Munition industry were investigated in detail. This research section also provides sales and revenue projections for 2023-2028 based on factors such as price, sales, and revenue.
The Global Precision Guided Munition Market is segmented as follows:
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)
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)
Geographically, the Global Precision Guided Munition Market extends across the following regions:
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia Pacific
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Leading key Players:
The Precision Guided Munition Market Research delves into the factors propelling and impeding market growth, presenting an overview of emerging trends in corporate strategies, procedures, and the adoption of financially prudent, long-term approaches. The market study encompasses crucial details such as industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, technology sources, key players.
- 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
- Others
Key Questions Addressed in this Report:
- Who are the primary stakeholders in the supply chain, and what are the interconnections among them?
- What plans and initiatives are in place among existing market participants to establish a presence in the Precision Guided Munition market?
- Which segment currently leads in the Precision Guided Munition market, and which category is poised to take the lead in the future?
- What factors are anticipated to drive demand for Precision Guided Munition during the forecast period?
- Which country is expected to dominate the market during the forecast period?
- What are the main obstacles to the expansion of the Precision Guided Munition market?
- What are the primary opportunities that leading companies identify in the business?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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