Extensive Consolidation of National Defence Capabilities Widening Growth Prospects of Anti-Radiation Precision Guided Munition, Unveils Fact.MR

250 Pages Precision Guided Munition Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Precision Guided Munition market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Precision Guided Munition

This newly published and insightful report sheds light on Market Insights of Precision Guided Munition, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Precision Guided Munition Market.

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Key Segments Covered in the Precision Guided

Munition Industry Survey
By Product
Precision Guided Tactical Missile
Precision Guided Ammunition
Precision Guided Rockets
Precision Loitering Munition
By Technology
Anti-Radiation Precision Guided Munition
Radar Homing Precision Guided Munition
Global Positioning System-based Precision Guided Munition
Inertial Navigation System-based Precision Guided Munition
Precision Guided Semi-Active Lasers
Infrared Precision Guided Munition

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Key Takeaways from the Market Study

The global precision guided munition market is expected to reach a market size worth US$ 34.65 Bn at the end of 2022.
Asia-Pacific to contribute 30% of global precision guided munition market revenue
U.S. market is expected to grow at a significant rate, accounting for 2 out of 5 precision guided munition sales
The tactical missile segment is expected to generate 70% of global revenue during the forecast period.

Over 69% of global revenue in 2021 came from Global Positioning System (GPS).
As geopolitical and border tensions continue to mount, countries worldwide are beefing up spending on defense and military budgets, paving way for incorporating more advanced weapons systems. This is providing precision guided munition manufacturers with an opportunity to expand their market presence, remarks a Fact.MR analyst.

Competitive Landscape

Global markets are dominated by several giants, resulting in intense competition. In order to develop precision-guided weapons, several large corporations and defense agencies invest heavily in research and development. As a result of these activities, market players have been able to expand their customer base and business. Market players are expected to profit from lucrative growth opportunities as the global market for precision guided munitions develops.

A contract was signed between BAE Systems and the U.S. Navy to refurbish the guided-missile destroyer USS Bulkeley (DDG 84).
The contract for the 2100 F-Model missiles was awarded to Lockheed Martin and Raytheon's joint venture company, Javelin, in January 2019.

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More Valuable Insights on Precision Guided Munition Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Precision Guided Munition, Sales and Demand of Precision Guided Munition, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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