Guided Munitions Market 2018 to 2023 Sales Revenue by Major Key Leaders: Martin, Raytheon Company, Boeing, BAE Systems, Northrop Grumman, FN Herstal

MarketResearchFuture Adds “Guided Munitions Market - Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast” To Its Research Database.

Description:
This report studies Guided Munitions in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, and forecast to 2023

This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
Lockheed Martin Corporation (U.S.),
Raytheon Company (U.S.),
Boeing (U.S.),
BAE Systems Plc. (U.K),
Israel Aerospace Industries (Israel),
MBDA (France),
Rafael Advanced Defense Systems Ltd (Israel),
Kongsberg Group (Norway),
Northrop Grumman Corporation (U.S.), L-3 Technologies Inc. (U.S.), and FN Herstal S.A (Belgium)

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Guided munitions, also known as smart weapons, smart munitions, or guided ammunition, can be aimed and directed at single or multiple targets. It relies either on external guidance or its own guidance systems. It can be launched from aircraft, ships, submarines, and land vehicles. Many military programs are focusing on precision ammunition, especially on PG (precision guided) kits, artillery munitions, and other anti-tank and standoff weapons with a Low Rate Initial Production (LRIP). Significant investments have been made on the development of technological advancements with ongoing R&D, which should lead to rapid growth of the market during the forecast period. However, major restraints of the market are the extremely complicated weapon guidance systems and restricted range of maneuverability.

Furthermore, there were several contracts and agreements that have resulted in the growth of the market. For example, in 2018, Lockheed Martin signed a contract with the U.S. Navy, for follow-on production of Enhanced Laser Guided Training Rounds to support the Paveway II Laser Guided Bomb (LGB) weapons training. In the same year, Raytheon Company signed a contract with the U.S. Navy to integrate precision-guided standoff weapon into the F-35 Joint Strike Fighter’s C variant. During the same period, L&T MBDA Missile Systems Ltd signed a contract with the Indian Armed Forces, under the ‘Make in India’ initiative to indigenously design, manufacture, and supply highly advanced guided weapon systems. Similarly, in 2014, Boeing signed a contract with the U.S. Air Force, to manufacture arming devices for air-launched cruise missile (ALCM), a long-range subsonic, self-guided missile.

The global Guided Munitions Market is segmented by product, technology, platform, and region. By product, the guided missiles are the most widely used guided munitions, and they accounted for the largest market share in 2017, due to the rising demand for guided missiles for tactical operations. In terms of technology based on guided munitions, the infrared segment is estimated to have the largest demand in the market during the forecast period, because of the rising demand for technologically advanced autonomous weapons. Among the platforms, the land-based guided munitions segment are most widely used and had the largest market share in 2017, due to the high demand for anti-tank missile systems by the military forces, globally.

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