Press release
Global Precision Guided Munition Market : Technology Advancements, Industry Insights, Trends And Forecast (2022-2031)
Precision Guided Munition Market
The regions covered in the precision-guided munition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific was the largest region in the precision-guided munition market in 2021.
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The precision-guided munition market consists of the sales of precision-guided munition by entities (organizations, partnerships, and sole proprietors) that are used to destroy a point target and minimize collateral damage. The precision-guided munition is a guided weapon that detects electromagnetic energy reflected from a target. These are guided using a global positioning system (GPS), a laser guidance beam, or an integrated inertial navigation system.
Key competitors in the precision-guided munition market include Northrop Grumman, Lockheed Martin Corporation, Boeing, BAE Systems, General Dynamics Corporation, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A, Elbit Systems Ltd, Saab AB, Israel Aerospace Industries, Rheinmetall AG, Bharat Dynamics Limited, Denel Dynamics, and LIG Nex 1.
The global precision-guided munition market size is expected to grow from $28.48 billion in 2021 to $31.47 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The global precision guided munition market size is expected to grow to $41.23 billion in 2026 at a CAGR of 7.0%.
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TBRC's Report Segments The Global Precision-Guided Munition Market:
1) By Product: Tactical Missiles, Guided Rockets, Guided Ammunition, Torpedoes, Loitering Munitions
2) By Technology: Infrared, Semi Active Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation
3) By Launch Platform: Land, Airborne, Naval
4) By Mode of Operation: Semi-Autonomous, Autonomous
5) By Speed: Subsonic, Supersonic, Hypersonic
Read Further On The Precision-Guided Munition Market Here:
https://www.thebusinessresearchcompany.com/report/precision-guided-munition-global-market-report
The Table Of Contents Includes:
1. Executive Summary
2. Precision-Guided Munition Market Characteristics
3. Precision-Guided Munition Market Trends And Strategies
4. Impact Of COVID-19 On Precision-Guided Munition Market
5. Precision-Guided Munition Market Size And Growth
.....
27. Precision-Guided Munition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Precision-Guided Munition Market
29. Precision-Guided Munition Market Future Outlook And Potential Analysis
30. Appendix
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