Precision Guided Munition Market Analysis, Size, Growth, Share, Outlook & Forecast to 2027
The global precision guided munition market size is expected to reach USD 46.7 billion in 2027, expanding at a CAGR of 5.6% from 2020 t-2027, according t-a new report by Grand View Research Inc. Growing need for extremely accurate munitions for target attacking is anticipated t-increase the demand for precision guided munitions. Moreover, enhancements in precision attacking are likely t-support the market growth. Growing political and territorial conflicts between major economies are likely t-encourage the enhancements of their respective military and army operations. Precision attacking techniques are used in the army, air force, and naval forces, thus are likely t-drive the market for precision guided munitions over the forecast period. Technological advancements in attacking components including missiles, rockets, mortars, artillery shells, bombs, and bullets t-incorporate advanced positioning technologies are expected t-enhance the market growth. Global Positioning System (GPS) and semi-active lasers systems are popular positioning techniques t-keep track of the targeted location for the attack. Prominent players are investing heavily in R&D activities t-develop advanced technology war equipment. Moreover, ammunition manufacturers are focusing on the installation of a guiding mechanism in the components.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/precisionguided-munition-market Precision Guided Munition Market Report Highlights
By product, tactical missiles are projected t-witness significant growth over the forecast period on account of their increasing usage in all types of attacking mechanism. Surface t-surface and air t-air tactical missiles are gaining popularity in the warfare equipment
In U.S., the market size was valued at USD 4.80 billion in 2019 and is expected t-witness considerable growth over the forecast period owing t-increasing expenditures on military upgrade and enhancement in the attack equipment
Based on technology, the Global Positioning System (GPS) led the market in 2019 and is expected twitness the highest growth over the forecast period on account of its prominent location tracking for the war equipment
In 2019, semi-active laser positioning technology accounted for the second largest share owing t-its prominence in the target positioning. Modern missiles and rockets are installed with these positioning mechanisms for guidance t-the exact location
Conflicts between U.S. and Iran are anticipated t-enhance the military capabilities of the respective economies. This is expected t-drive the market for precision guided munition in the foreseeable future.
Precision Guided Munition Market Segmentation Grand View Research has segmented the global precision guided munition market on the basis of product, technology, and region: Precision Guided Munition Product Outlook (Revenue, USD Million, 2016 - 2027) Tactical Missile
Guided Rockets
Guided Ammunition
Loitering Munition
What questions do you have? Get quick response from our industry experts @ https://www.grandviewresearch.com/request-free-consultation/450432/rfc Precision Guided Munition Technology Outlook (Revenue, USD Million, 2016 - 2027) Infrared
Semi-active Lasers
Inertial Navigation System (INS)
Global Positioning System (GPS)
Radar Homing
Anti-Radiation
Others
Precision Guided Munition Regional Outlook (Revenue, USD Million, 2016 - 2027) North America
o
U.S.
o
Canada
o
Mexico
Europe o
U.K.
o
Germany
o
France
o
Italy
o
Russia
Asia Pacific o
China
o
India
o
South Korea
Central & South America o
Brazil
o
Argentina
Middle East & Africa o
Saudi Arabia
o
Iran
List of Companies in the Precision Guided Munition Market Atlas Elektronik
Raytheon
Thales Group
BAE Systems
Northrop Grumman
General Dynamics
Elbit Systems
Table of Content Chapter 1 Methodology & Report Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 Information Procurement 1.3.1 Purchased Database 1.3.2 GVR’s Internal Database 1.3.3 Secondary Sources 1.3.4 Third-Party Perspective 1.3.5 Primary Research 1.4 Information Analysis 1.4.1 Data Analysis Models 1.5 Market Formulation and Data Visualization 1.6 List of data sources Chapter 2 Executive Summary 2.1 Market Outlook 2.2 Segmental Outlook 2.3 Competitive Insights Chapter 3 Precision Guided Munition Market Variables, Trends, & Scope 3.1 Market Lineage Outlook Continue……….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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