Precision Guided Munition Market Research Report: Size, Share, Growth, Trends and Forecast 2026 | Lockheed Martin Corporation, BAE System, Raytheon

Market Dynamics:
The Global Precision Guided Munition Market is expected to grow with highest CAGR over the forecast period. The major objective of this report is to analyze, define, describe, and estimate the global precision guided munition market based on type, application, platform, and region. The study also focuses on offering a comprehensive competitive landscape of the market. This report profiles key market players, product portfolios, emphasizing their financial positions, and growth strategies, and analyzes their core competencies and market shares to forecast the degree of competition prevailing in the global market.

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Scope of the Global Precision Guided Munition Market
Developments in the military operations and implementation of progressive war techniques are expected to support the growth of the global precision guided munition market in the projected time. Furthermore, growing security measures across the globe are expected to increase the penetration of precision guided munition. Territorial as well as political conflicts among major economies have augmented the precautionary measures for tactical and military operations. Likewise, defense systems in the key economies are emphasizing on the procurement of advanced war equipment with detailed operations.
This, in turn, is expected to have a positive influence on market growth during the forecast period.

The research methodology used to forecast and estimate the global precision guided munition market comprises the study of data and share details of key market players through secondary sources, such as annual reports, company websites, and investor presentations. The bottom-up procedure was used to arrive at the overall size of the market by forecasting the revenue of major industry players. After estimating the overall market size, the market was segmented into numerous segments and sub-segments, which were then proved through primary research by conducting widespread interviews with key industry experts, such as directors, executives, CEOs, VPs, and engineers.

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Segment Analysis of the Global Precision Guided Munition Market
The global precision guided munition market is basically segmented into product, technology and geographical regions.
• On the basis of product, the global market segregated into tactical missiles, guided ammunition, guided rockets, and loitering munition.
• On the basis of technology, the global precision guided munition market is sub-divided into radar homing, infrared, semi-active lasers, INS (Inertial Navigation System), GPS (Global Position System), anti-radiation, and others.

Geographical Analysis of the Global Precision Guided Munition Market

The report provides a thorough overview of the industry comprising both qualitative and quantitative data. It delivers overview and forecast of the global precision guided munition market based on various segments. It also offers market size and forecast estimates year with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. Asia Pacific was the major regional market for precision-guided munition in the year 2019 with a share of 30.5% and is expected to maintain its position over the forecast period.

Recent Strategic Developments of Major Global Precision Guided Munition Market Players
• In February 2019: BAE Systems signed a contract value USD 114.5 million from the US Navy to renovate the guided-missile destroyer, USS Bulkeley in its Norfolk shipyard.
• In February 2019: IAI propelled Mini Harpy, a newly-established loitering munition for the first time at Aero India Exhibition, Bangalore, India.

Competitive Landscape of Global Precision Guided Munition Market
The report also comprises the profiles of key companies along with their SWOT analysis and various market strategies. In addition, the study focuses on prominent industry players with major information such as components, company profiles, services offered, financial information, as well as key development in past years. Major companies profiled in the report are BAE Systems (UK), Raytheon (US), Lockheed Martin Corporation (US), Northrop Grumman (US), General Dynamics (US), Elbit Systems (Israel), Saab AB (Sweden), Israel Aerospace Industries (Israel), LIG Nex1 (South Korea), Rheinmetall AG (Germany), NORINCO (China), Bharat Dynamics (India), and others.

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