Global Precision Guided Munition Market Size Study & Forecast, by Speed, by Product, by Technology, by Mode of Operation, by Launch Platform and Regional Analysis, 2023-2030

Description

List of Tables

Global Precision Guided Munition Market is valued at approximately USD 34.27 billion in 2022 and is anticipated to grow with a CAGR of more than 4.50% over the forecast period 2023-2030. Precision Guided Munitions (PGMs) are innovative weapons intended for targeting precise targets with the least amount of collateral damage. These munitions utilize guidance systems such as GPS, lasers, or radar to enhance their precision. Examples of PGMs include guided bombs, cruise missiles, precision artillery munitions, and anti-ship missiles. By incorporating these guidance systems, PGMs greatly improve accuracy, reduce the risk of hitting unintended targets, and enhance the effectiveness of military operations. Furthermore, increasing manufacturing of advanced weapons and cross-border partnership fuels the market space during the forecasted period of 2023-2030.

Moreover, growing investment in defense and rising geopolitical tension are anticipated as the growth drivers of the market. According to the India Brand Equity Foundation (IBEF) in 2023, The Indian government established a target of achieving a defense production value of USD 25 billion by 2025, which includes USD 5 billion from exports. With a substantial defense expenditure of USD 66 billion, accounting for 13.31% of the total budget, India ranks among the largest defense spenders globally. This allocation signifies a significant increase of USD 5.9 billion compared to the budget estimates for 2021-22. According to Stockholm International Peace Research Institute (SIPRI) in 2020, The precision guided munition market benefits from the positive impact of the global arms trade, which can be estimated by aggregating the financial data disclosed by states regarding their arms exports. By considering both the reported value of arms exports and estimates for countries providing data on arms export licenses, agreements, or orders, it becomes possible to approximate the overall value of the global arms trade. In 2020, the estimated value of the global arms trade reached at least USD 112 billion, indicating substantial market potential. Also, it is expected that this estimate surpasses and reflecting the significant economic influence and growth opportunities within the Precision Guided Munition Market. However, growing ethical & legal concerns and limited operational flexibility is hampering the growth of the market during the forecasted period of 2023-2030.

The key regions considered for the Global Precision Guided Munition Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America holds a dominant position in the Precision Guided Munition Market due to its advanced technology, robust defense sector, and strong industrial base. The region, particularly the United States, has been at the forefront of developing cutting-edge military technologies and investing in research and development. Additionally, North America is a major exporter of defense equipment, supplying precision guided munitions to allies worldwide. With a strong defense-industrial complex and strategic alliances, North America's leadership in the Precision Guided Munition Market is well-established. The Asia Pacific region is the fastest-growing market for precision guided munitions due to increasing defense spending, modernization initiatives, territorial disputes, and technological advancements. Countries in the region are investing in advanced munitions to enhance their military capabilities and protect their national interests. The focus on indigenous defense production and collaborations with global suppliers further contribute to the market's growth in the Asia Pacific region.

Major market players included in this report are:

Lockheed Martin Global, Inc.
Atlas Elektronik GmbH
Raytheon Technologies Corporation
Thales Group
BAE Systems plc
Northrop Grumman Corporation
General Dynamics Corporation
Elbit Systems Ltd
The Boeing Company
MBDA

Recent Developments in the Market:

In March 2023, Raytheon Technologies (NYSE: RTX) was granted a contract worth over USD 250 million for the design, development, and delivery of a satellite constellation consisting of seven vehicles for missile tracking. Additionally, the company provides support for launch operations and ground operations in collaboration with the Space Development Agency.

Global Precision Guided Munition Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Speed, Product, Technology, Mode of Operation, Launch Platform, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Speed:

Subsonic
Supersonic
Hypersonic

By Product:

Tactical Missiles
Guided Rockets
Guided Ammunition
Torpedoes
Loitering Munitions

By Technology:

Infrared
Laser
Inertial Navigation System (INS)
Global Positioning System (GPS)
Radar Homing
Anti-radiation

By Mode of Operation:

Autonomous
Semi-autonomous

By Launch Platform:

Land
Airborne
Naval

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Precision Guided Munition Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Precision Guided Munition Market, by Speed, 2020-2030 (USD Billion)
- 1.2.3. Precision Guided Munition Market, by Product, 2020-2030 (USD Billion)
- 1.2.4. Precision Guided Munition Market, by Technology, 2020-2030 (USD Billion)
- 1.2.5. Precision Guided Munition Market, by Mode of Operation, 2020-2030 (USD Billion)
- 1.2.6. Precision Guided Munition Market, by Launch Platform, 2020-2030 (USD Billion)
- 1.2.7.
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Precision Guided Munition Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Precision Guided Munition Market Dynamics

3.1. Precision Guided Munition Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing Investment in Defense
  - 3.1.1.2. Rising Geopolitical Tension
- 3.1.2. Market Challenges
  - 3.1.2.1. Growing Ethical & Legal Concern
  - 3.1.2.2. Limited Operational Flexibility
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing Manufacturing of Advanced Weapons
  - 3.1.3.2. Cross Border Partnership

Chapter 4. Global Precision Guided Munition Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Precision Guided Munition Market, by Speed

5.1. Market Snapshot
5.2. Global Precision Guided Munition Market by Speed, Performance - Potential Analysis
5.3. Global Precision Guided Munition Market Estimates & Forecasts by Speed 2020-2030 (USD Billion)
5.4. Precision Guided Munition Market, Sub Segment Analysis
- 5.4.1. Subsonic
- 5.4.2. Supersonic
- 5.4.3. Hypersonic

Chapter 6. Global Precision Guided Munition Market, by Product

6.1. Market Snapshot
6.2. Global Precision Guided Munition Market by Product, Performance - Potential Analysis
6.3. Global Precision Guided Munition Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
6.4. Precision Guided Munition Market, Sub Segment Analysis
- 6.4.1. Tactical Missiles
- 6.4.2. Guided Rockets
- 6.4.3. Guided Ammunition
- 6.4.4. Torpedoes
- 6.4.5. Loitering Munitions

Chapter 7. Global Precision Guided Munition Market, by Technology

7.1. Market Snapshot
7.2. Global Precision Guided Munition Market by Technology, Performance - Potential Analysis
7.3. Global Precision Guided Munition Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
7.4. Precision Guided Munition Market, Sub Segment Analysis
- 7.4.1. Infrared
- 7.4.2. Laser
- 7.4.3. Inertial Navigation System (INS)
- 7.4.4. Global Positioning System (GPS)
- 7.4.5. Radar Homing
- 7.4.6. Anti-radiation

Chapter 8. Global Precision Guided Munition Market, by Mode of Operation

8.1. Market Snapshot
8.2. Global Precision Guided Munition Market by Mode of Operation, Performance - Potential Analysis
8.3. Global Precision Guided Munition Market Estimates & Forecasts by Mode of Operation 2020-2030 (USD Billion)
8.4. Precision Guided Munition Market, Sub Segment Analysis
- 8.4.1. Autonomous
- 8.4.2. Semi-autonomous

Chapter 9. Global Precision Guided Munition Market, by Launch Platform

9.1. Market Snapshot
9.2. Global Precision Guided Munition Market by Launch Platform, Performance - Potential Analysis
9.3. Global Precision Guided Munition Market Estimates & Forecasts by Launch Platform 2020-2030 (USD Billion)
9.4. Precision Guided Munition Market, Sub Segment Analysis
- 9.4.1. Land
- 9.4.2. Airborne
- 9.4.3. Naval

Chapter 10. Global Precision Guided Munition Market, Regional Analysis

10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Precision Guided Munition Market, Regional Market Snapshot
10.4. North America Precision Guided Munition Market
- 10.4.1. U.S. Precision Guided Munition Market
  - 10.4.1.1. Speed breakdown estimates & forecasts, 2020-2030
  - 10.4.1.2. Product breakdown estimates & forecasts, 2020-2030
  - 10.4.1.3. Technology breakdown estimates & forecasts, 2020-2030
  - 10.4.1.4. Mode of Operation breakdown estimates & forecasts, 2020-2030
  - 10.4.1.5. Launch Platform breakdown estimates & forecasts, 2020-2030
- 10.4.2. Canada Precision Guided Munition Market
10.5. Europe Precision Guided Munition Market Snapshot
- 10.5.1. U.K. Precision Guided Munition Market
- 10.5.2. Germany Precision Guided Munition Market
- 10.5.3. France Precision Guided Munition Market
- 10.5.4. Spain Precision Guided Munition Market
- 10.5.5. Italy Precision Guided Munition Market
- 10.5.6. Rest of Europe Precision Guided Munition Market
10.6. Asia-Pacific Precision Guided Munition Market Snapshot
- 10.6.1. China Precision Guided Munition Market
- 10.6.2. India Precision Guided Munition Market
- 10.6.3. Japan Precision Guided Munition Market
- 10.6.4. Australia Precision Guided Munition Market
- 10.6.5. South Korea Precision Guided Munition Market
- 10.6.6. Rest of Asia Pacific Precision Guided Munition Market
10.7. Latin America Precision Guided Munition Market Snapshot
- 10.7.1. Brazil Precision Guided Munition Market
- 10.7.2. Mexico Precision Guided Munition Market
10.8. Middle East & Africa Precision Guided Munition Market
- 10.8.1. Saudi Arabia Precision Guided Munition Market
- 10.8.2. South Africa Precision Guided Munition Market
- 10.8.3. Rest of Middle East & Africa Precision Guided Munition Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Company 1
- 11.1.2. Company 2
- 11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Lockheed Martin Global, Inc.
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Recent Developments
- 11.3.2. Atlas Elektronik GmbH
- 11.3.3. Raytheon Technologies Corporation
- 11.3.4. Thales Group
- 11.3.5. BAE Systems plc
- 11.3.6. Northrop Grumman Corporation
- 11.3.7. General Dynamics Corporation
- 11.3.8. Elbit Systems Ltd
- 11.3.9. The Boeing Company
- 11.3.10. MBDA

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Precision Guided Munition Market, report scope
TABLE 2. Global Precision Guided Munition Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Precision Guided Munition Market estimates & forecasts by Speed 2020-2030 (USD Billion)
TABLE 4. Global Precision Guided Munition Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 5. Global Precision Guided Munition Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 6. Global Precision Guided Munition Market estimates & forecasts by Mode of Operation 2020-2030 (USD Billion)
TABLE 7. Global Precision Guided Munition Market estimates & forecasts by Launch Platform 2020-2030 (USD Billion)
TABLE 8. Global Precision Guided Munition Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Precision Guided Munition Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Precision Guided Munition Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Precision Guided Munition Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Precision Guided Munition Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Precision Guided Munition Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Precision Guided Munition Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Precision Guided Munition Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Precision Guided Munition Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. Global Precision Guided Munition Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. U.S. Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. U.S. Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. Canada Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. Canada Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. UK Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. UK Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. Germany Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. Germany Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. France Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. France Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Italy Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Italy Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. Spain Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. Spain Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. RoE Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. RoE Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. China Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. China Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. India Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. India Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. Japan Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. Japan Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. South Korea Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. South Korea Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. Australia Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. Australia Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. RoAPAC Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. RoAPAC Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Brazil Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Brazil Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. Mexico Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. Mexico Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. RoLA Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoLA Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. Saudi Arabia Precision Guided Munition Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 70. South Africa Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. RoMEA Precision Guided Munition Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 72. List of secondary sources, used in the study of global Precision Guided Munition Market
TABLE 73. List of primary sources, used in the study of global Precision Guided Munition Market
TABLE 74. Years considered for the study
TABLE 75. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Precision Guided Munition Market, research methodology
FIG 2. Global Precision Guided Munition Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Precision Guided Munition Market, key trends 2022
FIG 5. Global Precision Guided Munition Market, growth prospects 2023-2030
FIG 6. Global Precision Guided Munition Market, porters 5 force model
FIG 7. Global Precision Guided Munition Market, pest analysis
FIG 8. Global Precision Guided Munition Market, value chain analysis
FIG 9. Global Precision Guided Munition Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Precision Guided Munition Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Precision Guided Munition Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Precision Guided Munition Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Precision Guided Munition Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Precision Guided Munition Market, regional snapshot 2020 & 2030
FIG 15. North America Precision Guided Munition Market 2020 & 2030 (USD Billion)
FIG 16. Europe Precision Guided Munition Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Precision Guided Munition Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Precision Guided Munition Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Precision Guided Munition Market 2020 & 2030 (USD Billion)