Guided Munitions Market size was valued at USD 33.74 Bn. in 2023 and the total Guided Munitions Market size is expected to grow at a CAGR of 5.42% from 2024 to 2030, reaching nearly USD 48.82 Bn. by 2030.
Guided Munitions Market Report Scope and Research Methodology
The Guided Munitions Market report provides an in-depth analysis of the market, covering key segments such as type, technology, platform, range, and regional dynamics. The report's scope encompasses the assessment of market size, growth trends, competitive landscape, and emerging opportunities across various regions, including North America, Europe, Asia-Pacific, the Middle East, and Africa. The research methodology combines primary and secondary data sources, such as industry expert interviews, company reports, and government publications, to ensure comprehensive data collection and analysis.
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What are Guided Munitions Market Dynamics
The Guided Munitions Market is shaped by a range of dynamic factors, including increasing defense budgets, growing geopolitical tensions, and the need for precision in modern warfare. The demand for guided munitions is driven by advancements in guidance technologies, such as GPS, laser, and infrared targeting systems, which enhance accuracy and reduce collateral damage. Additionally, the proliferation of asymmetric warfare tactics and the rising importance of drone warfare are boosting the adoption of these advanced munitions.
What is Guided Munitions Market Regional Insight
The Guided Munitions Market displays significant regional variations driven by differing defense priorities, geopolitical landscapes, and military modernization efforts. North America, particularly the United States, leads the market due to substantial defense spending, ongoing modernization programs, and the presence of major defense contractors. Europe follows, with countries such as the UK, France, and Germany investing heavily in precision-guided munitions amid increasing security concerns and a focus on enhancing military capabilities.
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What is Guided Munitions Market Segmentation
By Speed
Subsonic
Supersonic
Hypersonic
By Product
Tactical Missiles
Guided Rockets
Guided Ammunition
Torpedoes
Loitering Munitions
By Technology
Infrared
Laser
Inertial Navigation System
Global Positioning System
Radar Homing
Anti Radiation
By Launch Platform
Land
Airborne
Naval
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Who are Guided Munitions Market Key Players
Lockheed Martin
Boeing
Northrop Grumman
BAE Systems
General Dynamics
Thales Group
MBDA
Israel Aerospace Industries (IAI)
Rheinmetall AG
Leonardo S.p.A.
LIG Nex1
Rafael Advanced Defense Systems
Elbit Systems
MKEK (Mechanical and Chemical Industry Corporation)
Hanwha Defense
Textron Systems
Harris Corporation (L3Harris)
General Atomics
Kaman Corporation
AeroVironment
Key Offerings:
- Past Market Size and Competitive Landscape
- Market Size, Share, Size & Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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