Press release
US Precision-Guided Munitions Market: Key Players & Innovations | Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, General Dynamics Corporation, BAE Systems, Inc.
US Precision-Guided Munitions Market
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 (PGMs) Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving market.
Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/us-precision-guided-munitions-market?an
Precision-Guided Munitions (PGMs) are advanced weapons equipped with guidance systems that allow them to accurately strike specific targets while minimizing collateral damage. These munitions use technologies such as GPS, laser guidance, infrared, and radar to improve targeting precision. PGMs include missiles, bombs, and artillery shells and are widely used in modern warfare to enhance effectiveness and reduce unintended casualties.
List of the Key Players in the US Precision-guided Munitions (PGMs) 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.
Industry Development:
In January 2024, the U.S. Department of Defense (DoD) proposed a $315 billion budget for FY 2024, allocating $15.1 billion to Large Lot Procurement (LLP) for precision-guided missile systems. This funding supports key programs such as RIM-174 SM-6, AIM-120D AMRAAM, and AGM-158C LRASM, aimed at enhancing missile capabilities and improving production efficiency.
In January 2024, the DoD introduced an expanded Multiyear Procurement (MYP) strategy for precision-guided munitions, incorporating Economic Order Quantities (EOQ) to streamline production and delivery schedules. This initiative focuses on four key missile systems, enhancing manufacturing capacity and lowering unit costs to meet increasing defense demands.
Growth Forecast Projected:
The US Precision-guided Munitions (PGMs) 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.
Research Process:
Both primary and secondary data sources have been used in the US Precision-guided Munitions (PGMs) Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/us-precision-guided-munitions-market?an
Segment Covered in the US Precision-guided Munitions (PGMs) 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
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Speak to Our Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/us-precision-guided-munitions-market?an
People Also Ask:
➠ What is the sales, production, consumption, import, and export value of the US Precision-guided Munitions (PGMs) market?
➠ Who are the leading manufacturers in the US Precision-guided Munitions (PGMs) industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the US Precision-guided Munitions (PGMs) industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the US Precision-guided Munitions (PGMs) market?
➠ What are the various sales, marketing, and distribution channels in the industry?
Browse More Reports: https://www.datamintelligence.com/research-report/us-precision-guided-munitions-market
Nanosatellite and Microsatellite Market - https://datamintelligence.com/research-report/nanosatellite-and-microsatellite-market
Aircraft Fuel Cell APUS Market - https://datamintelligence.com/research-report/aircraft-fuel-cell-apus-market
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release US Precision-Guided Munitions Market: Key Players & Innovations | Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, General Dynamics Corporation, BAE Systems, Inc. here
News-ID: 3910654 • Views: …
More Releases from DataM Intelligence 4 Market Research LLP
Postbiotics Food Supplements Market 2025 | Gains Momentum with Regulatory Push a …
The Postbiotics Food Supplements Market is entering a pivotal growth phase, with strong developments in the U.S. and Japan shaping the global trajectory.
According to DataM Intelligence, the global market for postbiotic food supplements was valued at USD $ 10.8 million in 2023 and is projected to reach USD $ 27.3 million by 2031, growing at a CAGR of 11.2%. The U.S. and Japan remain the two most influential markets…
Uranium Market Drivers: Clean Energy Shift & Nuclear Reactor Growth | Top Most K …
Global Uranium Market size reached US$ 9.30 billion in 2024 and is expected to reach US$ 13.59 billion by 2032, growing with a CAGR of 4.86% during the forecast period 2025-2032.
The Uranium Market Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings,…
Innovative High Altitude Platforms: Stratospheric Balloons, Airships & UAV Techn …
Global High Altitude Platform Market reached US$ 1.64 billion in 2024 and is expected to reach US$ 3.13 billion by 2032, growing with a CAGR of 8.40% during the forecast period 2025-2032.
The High Altitude Platform Market Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions…
IoT Devices Market Drivers: Data Analytics, Connectivity & Intelligent Infrastru …
Global IoT devices market size reached US$ 130.88 billion in 2024 and is expected to reach US$ 522.79 billion by 2032, growing with a CAGR of 18.90% during the forecast period 2025-2032.
The IoT Devices Market Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including…
More Releases for Munitions
Global Cluster Munitions Market Size by Application, Type, and Geography: Foreca …
According to Market Research Intellect, the global Cluster Munitions market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
Ongoing geopolitical tensions, military arsenal upgrading, and regional wars are driving slow expansion of the cluster munitions business. Some…
Global Smart Munitions Market Imapct of AI and Automation
Smart Munitions Market Impact of AI and Automation
The global smart munitions market was valued at approximately USD 15 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 6.5% through the forecast period. This growth is largely driven by increasing defense budgets and advancements in precision-guided technology. The market's expansion reflects the heightened emphasis on improving accuracy and reducing collateral damage in military operations. Key factors contributing to…
Cluster Munitions Market to Witness Robust Expansion by 2030
Cluster Munitions Market is expected to, at a CAGR of 6.0% from 2022 to 2030. The growth of the global cluster munitions market can be attributed to the increasing demand for anti-tank and anti-personnel cluster munitions across the globe. Moreover, rising geopolitical tensions and conflicts are also fueling the demand for cluster munitions globally. Important changes in the business allow key players to attain larger profits. This Cluster Munitions Market…
Pyrotechnic Munitions Market Is Driven By Pyrotechnic Munitions In Various Indus …
The Pyrotechnic Munitions Market is a specialized segment within the defense and munitions industry, dedicated to the development and production of pyrotechnic devices used in military applications. These munitions include various types of flares, smoke grenades, and other pyrotechnic devices that serve diverse roles, such as signaling, obscuration, and target designation. Pyrotechnic munitions are commonly employed to provide tactical advantages on the battlefield, enhance situational awareness, and create visual or…
Pyrotechnic Munitions Market Analysis, Trends And Opportunities Forecast 2028
According to Premium Market Insights new research study on "Pyrotechnic Munitions Market size is projected to reach US$ 4,653.96 million by 2028 from US$ 3,358.92 million in 2022; it is expected to grow at a CAGR of 5.6% from 2022 to 2028.
Get a Sample Copy of This Report@ https://www.premiummarketinsights.com/sample/TIP00073553/?utm_source=OpenPR&utm_medium=10655
Some Of the Major Players Influencing are Rheinmetall AG, General Dynamics Ordnance and Tactical Systems, Wescom Group, Chemring Group, and Pyrotechnic Specialties…
Pyrotechnic Munitions Market 2023 Size, Share & Forecast 2022-2028
According to our latest market study on "Pyrotechnic Munitions Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type, Application, and End User," the market size is expected to grow from US$ 3,358.92 million in 2022 to US$ 4,653.96 million by 2028; it is anticipated to grow at a CAGR of 5.6% from 2022 to 2028.
The Pyrotechnic Munitions Market Industry is extremely competitive and consolidated because…
