Guided Bomb Market is Forecasted to Reach US$ 3.1 billion in 2028, Says Stratview Research

The global Guided Bomb Market is projected to witness a growth rate of 5.4% annually from 2023 to 2028, with an anticipated size of US$ 3.1 billion in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Guided Bomb Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 3.1 billion
Growth (CAGR): 5.4% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 2
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Guided Bomb Market:
The global Guided Bomb Market is segmented guidance type and region

Based on guidance type- The market is classified as GPS-guided bombs, laser-guided bombs, infrared (IR)-guided bombs, and others. Laser-guided bomb is expected to remain the dominant guidance type of the market during the forecast period. Among these sub-segments, laser-guided bombs are most used, thereby accounting for market supremacy.
They carry a lesser amount of explosives as compared to unguided bombs and result in limited collateral damage. As a result, laser-guided bombs have generated a large demand in recent years, and they are used by several air forces across the globe.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests North America is expected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
• In terms of regions, North America is likely to maintain its dominance in the global guided bomb market, throughout the forecast period.
• Several market-leading companies such as Boeing, General Dynamics Corporation, L3Harris Technologies, Inc., Lockheed Martin Corporation, and Raytheon Technologies Corporation, among others, are headquartered in the region.
• These companies actively engage in the development of precision guidance kits for general bombs and turning them into laser-guided bombs (LGB).
• They are also the primary contractors for the US Department of Defense w.r.t guided bombs. Concurrently, Asia-Pacific is an emerging region in the global market as the entire continent is prone to high-tension border conflicts such as that of India-Pakistan, India-China, China-Taiwan, and North Korea-South Korea.

Guided Bomb Market Drivers:
The Guided Bomb Market is driven by several key factors, including:
• Amid the growing terror threats and border disputes, several countries and defense authorities are engaged in strengthening their overall military and warfare capabilities.
• This has also led to a rising emphasis on the development and deployment of guided bombs. As a result, the deployment and usage of guided bombs have been rapidly gaining momentum in recent years.

Top 10 Companies in the Guided Bomb Market:
Stratview Research has identified the following companies as the top market players:
• Boeing
• General Dynamics Corporation
• L3Harris Technologies, Inc.
• Lockheed Martin Corporation
• Raytheon Technologies Corporation

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Guided Bomb Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Precision Guided Munition Market: https://www.stratviewresearch.com/2908/precision-guided-munition-market.html
• Guided Missile Market: https://www.stratviewresearch.com/3777/guided-missile-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.