The Precision-Guided Market is expected to be around US$ 2.25 Billion by 2028 at a CAGR of 4% in the given forecast period.

The increasing requirement for highly precise strike ammunition, increasing asymmetric warfare, geopolitical conflicts and rising programs for military modernization are few of the key factors which are compelling the growth of precision-guided munitions industry. Several nations emphasize on increasing their R&D expenditure and initiating programs to develop portable, lightweight and effectual precision guns of the next generation. The rising use of satellite networks, navigation aids, and drones to pull down high-value, long-distance objectives and demand for miniaturized guns are few other leading factors stimulating the demand for precision guided munitions. Moreover, the autonomous precision guided munitions are equipped with high-resolution cameras and electro-optical which help in identifying and guiding the car towards the target. It is projected that the surging demand for multi-target precision strike, multi-mission guns will enhance market growth over the forecast period.

The global Precision-Guided market is segregated on the basis of Product as Tactical Missile, Guided Rockets, Guided Ammunition and Loitering Munition. Based on Technology the global Precision-Guided market is segmented in Infrared, Semi-Active Lasers, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation and Others.

The global Precision-Guided market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Precision-Guided market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Aerojet Rocketdyne, BAE System, Bharat Dynamics Limited, Boeing, China North Industries Corporation (Norinco), Denel Dynamics, Elbit Systems Ltd., General Dynamics Corporation, Hanwha Corporation, Israel Aerospace Industries, and others are among the major players in the global Precision-Guided market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Precision-Guided Market has been segmented as below:

Precision-Guided Market, By Product

• Tactical Missile
• Guided Rockets
• Guided Ammunition
• Loitering Munition

Precision-Guided Market, By Technology

• Infrared
• Semi-Active Lasers
• Inertial Navigation System (INS)
• Global Positioning System (GPS)
• Radar Homing
• Anti-Radiation
• Others

Precision-Guided Market, By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World

Precision-Guided Market, By Company

• Aerojet Rocketdyne
• BAE System
• Bharat Dynamics Limited
• Boeing
• China North Industries Corporation (Norinco)
• Denel Dynamics
• Elbit Systems Ltd.
• General Dynamics Corporation
• Hanwha Corporation
• Israel Aerospace Industries
• KBP Instrument Design Bureau
• Kongsberg
• L3Harris Technologies Inc.
• Leonardo S.p.A.
• LIG Nex 1

The report covers:

• Global Precision-Guided market sizes from 2021 to 2028, along with CAGR for 2023-2028
• Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
• Global Precision-Guided market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Precision-Guided market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

Report Scope:

The global Precision-Guided market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Precision-Guided market share. Major industry players with significant revenue share include Aerojet Rocketdyne, BAE System, Bharat Dynamics Limited, Boeing, China North Industries Corporation (Norinco), Denel Dynamics, Elbit Systems Ltd., General Dynamics Corporation, Hanwha Corporation, Israel Aerospace Industries, and others.

Reasons to Buy this Report:

• Gain detailed insights on the Precision-Guided industry trends
• Find complete analysis on the market status
• Identify the Precision-Guided market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

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