US Precision-Guided Munitions Industry Is Expected To Reach $9.82 Billion By 2031 - Lockheed Martin Corporation, Raytheon Technologies Corporation

The US Precision-Guided Munitions Market reached US$ 6.23 billion in 2023 and is expected to reach US$ 9.82 billion by 2031, growing with a CAGR of 5.85% during the forecast period 2024-2031.

Us Precision Guided Munitions Market analysis, according to DataM Intelligence, offers more than just an overview, it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.

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The Us Precision Guided Munitions market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

U.S. precision-guided munitions are advanced military weapons designed to accurately strike specific targets using sophisticated navigation, guidance, and control systems. These weapons utilize technologies like GPS, laser targeting, and inertial guidance to achieve high-precision strikes with reduced collateral damage. They are critical components of modern military strategy, enabling more surgical and efficient military operations.

Forecast Growth Projected:

The Us Precision Guided Munitions Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Us Precision Guided Munitions Market:

Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, General Dynamics Corporation, BAE Systems, Inc., L3Harris Technologies, Inc., Boeing Defense, Space & Security, Harris Corporation, Textron Systems Corporation and AeroVironment, Inc.

Segment Covered in the Us Precision Guided Munitions Market:

By Type: Air-Launched Munitions, Ground-Launched Munitions, Naval-Launched Munitions, Submarine-Launched Munitions

By Guidance System: GPS Guided, Laser Guided, Infrared Guided, Electro-optical Guided, Radar Guided, Combination of Guidance Systems

By Platform: Unmanned Aerial Vehicles (UAVs), Ground Vehicles, Naval Platforms

By End-User: Military, Air Force, Navy, Others, , By Application, Anti-Aircraft, Anti-Ship, Anti-Tank, Surface-to-Surface, Precision Strikes, Training Simulators, Others

Industry Development:

In January 2024, the US Department of Defense (DoD) requested a $315.0 billion budget for FY 2024, allocating $15.1 billion to Large Lot Procurement for precision-guided missile systems. The DoD also introduced an expanded Multiyear Procurement strategy, integrating Economic Order Quantities to optimize production of key missile systems like RIM-174 SM-6, AIM-120D AMRAAM, and AGM-158C LRASM, aiming to improve manufacturing capacity and reduce unit costs.

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Regional Break out:

The Us Precision Guided Munitions Market report focuses on

☞ North America - US

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Us Precision Guided Munitions manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Us Precision Guided Munitions in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently asked questions:

➠ What is the sales value, production value, consumption value, import and export of Us Precision Guided Munitions market?

➠ Who are the key manufacturers of the Us Precision Guided Munitions Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Us Precision Guided Munitions market opportunities and threats faced by the vendors in the Us Precision Guided Munitions Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Us Precision Guided Munitions market?

➠ What are the different sales, marketing, and distribution channels in the industry?

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