Press release
Precision-Guided Munitions Market Expands with Military Modernization, Precision Warfare Demand, and Defense Investments in Smart Missiles and Laser-Guided Technologies
Precision-Guided Munitions Market
Precision-Guided Munitions Market reached US$ 35.21 billion in 2024 and is expected to reach US$ 55.31 billion by 2032, growing with a CAGR of 5.81% during the forecast period 2025-2032.
Precision-Guided Munitions Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.
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Precision-Guided Munitions Market - Recent Key Developments
July 2025 - Raytheon Technologies secured a $1.2 billion contract from the U.S. Department of Defense for the production of Joint Direct Attack Munition (JDAM) kits, supporting NATO and allied defense forces.
June 2025 - BAE Systems unveiled a new generation of laser-guided artillery shells with extended range and enhanced target tracking capabilities for mobile warfare scenarios.
May 2025 - Rafael Advanced Defense Systems began collaboration with Japan's Ministry of Defense to co-develop precision missile systems optimized for island defense and maritime operations in the Indo-Pacific.
Strategic Players Driving the Precision-Guided Munitions Market Forward :
BAE Systems, Elbit Systems, General Atomics, General Dynamics Corporation, Israel Aerospace Industries, Lockheed Martin Corporation, MBDA, Northrop Grumman, Raytheon Technologies, and Thales.
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Segment Covered in the Precision-Guided Munitions Market:
By Product - Solution, Service
By Technology - Industrial Robots, Service Robots
By Launch Platform - Large Enterprises, SMEs
Regional Analysis for Precision-Guided Munitions Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Most Frequently Asked Questions in the Precision-Guided Munitions Market Research Industry:
✒ What are the primary drivers fueling growth in the Precision-Guided Munitions Market today?
✒ Which companies are currently leading innovation and market share in the Precision-Guided Munitions Market?
✒ In what ways is the current regulatory environment influencing the Precision-Guided Munitions Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Precision-Guided Munitions Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Precision-Guided Munitions Market?
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