Business Growth Analysis for Precision Guided Munition Market | Global Forecast to 2025.

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Business Growth Analysis for Precision Guided
Munition Market 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" View detailed
Table of Content here https//www.marketsandmar
kets.com/Market-Reports/precision-
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
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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 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
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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. Dont miss out on business opportunities
in Precision Guided Munition Market. Speak to
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