Precision Guided Munition Market worth $47.5 billion by 2025. - PowerPoint PPT Presentation

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Precision Guided Munition Market worth $47.5 billion by 2025.

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The precision guided munition market is projected to grow from USD 30.0 billion in 2019 to USD 47.5 billion by 2025, at a CAGR of 8.0% from 2019 to 2025. – PowerPoint PPT presentation

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Title: Precision Guided Munition Market worth $47.5 billion by 2025.


1
Precision Guided Munition Market worth 47.5
billion by 2025
to the new
market
According research
report "Precision
Guided Munition Market by Product (Tactical Miss
iles,
Guided Rockets, Ammunition, and
Guided Loitering
  • Munition), Technology
  • (Infrared, Semi-active Lasers, Radar Homing,
    GPS, INS, Anti-radiation), Type, Speed, Region
    - Global Forecast to 2025",
  • The precision guided munition market is
    projected to grow from USD 30.0 billion in 2019
    to USD 47.5 billion by 2025, at a CAGR of 8.0
    from 2019 to 2025. The growing military
    modernization programs and
  • increasing demand for precision guided munitions
    to minimize collateral damage are some of the
    factors expected to drive the
  • growth of the precision guided munition market.
  • Browse 152 market data Tables and 54 Figures
    spread through 188 Pages and in-depth TOC on
    "Precision Guided Munition Market - Global
    Forecast to 2025"

2
View detailed Table of Content here -
https//www.marketsandmarkets.com/Market-Reports/p
recision- guided-munition-market-109859417.html
Growing military modernization programs and
increasing demand for precision guided munitions
are key factors fueling the growth of the
precision guided munition market across the
globe. Many countries are focusing on increasing
their RD spending initiate programs for the
development of lightweight, portable, and
efficient next-generation precision weapons. The
increasing use of satellite networks, navigation
aids, and drones to destroy high-value and
long-distance targets and demand for
miniaturized weapons are some of the major
factors fueling the demand for precision guided
munitions. Based on type, the autonomous segment
of the precision guided munition market is
projected to grow at a higher CAGR during the
forecast period. Based on type, the autonomous
segment of the market is projected to grow at a
higher CAGR during the forecast period as
compared to the semi-autonomous segment.
Autonomous precision guided munitions are
equipped with high resolution electro-optical
and infrared cameras that help locate and guide
the vehicle to the target. The growing demand for
multi-mission, multi-target precision-strike,
and air-to-ground precision weapons is estimated
to propel the growth of the precision guided
munition market during the forecast period. The
Asia Pacific precision guided munition market is
projected to grow at the highest CAGR during the
forecast period. The Asia Pacific precision
guided munition market is projected to grow at
the highest CAGR from 2019 to 2025. The growth of
the market in this region can be attributed to
the rising demand for precision guided munition
from defense forces of different
3
countries of the region. China, India, Japan, and
South Korea are investing heavily in the
development of high strike precision weapons.
Moreover, increasing product developments and
investments in the precision guided munition
ecosystem by defense research agencies, Original
Equipment Manufacturers (OEMs), and start-ups
are fueling the growth of the precision guided
munition market in Asia Pacific. Additionally,
the presence of some of the major manufacturers
of precision guided munition operating in this
region such as LIG Nex1 (South Korea), NORINCO
(China), Bharat Dynamics (India), Hanwha
Corporation (South Korea), and BrahMos Aerospace
(India) is another major factor driving the
market. Major companies profiled in the report
are Lockheed Martin Corporation (US), BAE
Systems (UK), Raytheon (US), Northrop Grumman
(US), Elbit Systems (Israel), Saab AB (Sweden),
General Dynamics (US), Israel Aerospace
Industries (Israel), Rheinmetall AG (Germany),
LIG Nex1 (South Korea), NORINCO (China), and
Bharat Dynamics (India), among others.
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