US Guided Munitions Market: Budget, Missiles & Strategy, Strike News By 2031 | Most Leading Companies - Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman 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 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.

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Precision-Guided Munitions (PGMs) are advanced weapons used by the U.S. military that are designed to accurately strike specific targets while minimizing collateral damage. These munitions are equipped with sophisticated guidance systems-such as GPS, laser, or infrared sensors that enable them to correct their trajectory in flight and ensure high-accuracy targeting. PGMs are a key component of modern U.S. warfare strategy, providing both strategic precision and tactical superiority.

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.

Industry Development:

In January 2024, the U.S. Department of Defense (DoD) proposed a $315.0 billion budget for FY 2024, designating $15.1 billion for Large Lot Procurement (LLP) of precision-guided missile systems. This investment supports advanced missile programs such as the RIM-174 SM-6, AIM-120D AMRAAM, and AGM-158C LRASM, with a focus on enhancing missile performance and streamlining production.

Additionally, the DoD launched an expanded Multiyear Procurement (MYP) strategy for precision-guided munitions, incorporating Economic Order Quantities (EOQ) to boost production efficiency and delivery timelines. The initiative targets four core missile systems, aiming to strengthen manufacturing capabilities and lower per-unit costs in response to rising defense demands.

Research Process:

Both primary and secondary data sources have been used in the US Precision-Guided Munitions 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.

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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

Regional Analysis for US Precision-Guided Munitions Market:

⇥ North America (U.S., Canada, Mexico)

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

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People Also Ask:

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

➠ Who are the leading manufacturers in the US Precision-Guided Munitions 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 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 market?

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

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