Allied Market Research
Precision Guided Munitions Market

Precision Guided Munitions Market

Size, Share, Competitive Landscape and Trend Analysis Report by Speed (Hypersonic, Non-Hypersonic), by Type (Autonomous, Semi-Autonomous), by Product (Tactical Missiles, Surface to Surface Missile, Air to Air Missile, Air to Surface Missile, Surface to Air Missile, Subsea to Surface Missile, Guided Rockets, Surface to Surface, Air to Surface, Surface to Air, Guided Ammunition, Guided Mortar, Guided Artillery Shells, Guided Bombs, Guided Bullets, Loitering Munition) and by Technology (Infrared, IIR Homing, IR Homing, Semi Active Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Active Homing, Semi Active Homing, Anti-Radiation, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A07881
Pages: NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.


Precision Guided Munitions Market Outlook- 2027 

Precision has always been recognized as an important attribute of weapon development. Precision guided munition belongs to a category of weapons which can be aimed & directed against a single target. Such weapons rely on external guidance system or their own guidance system. Precision guided munition can be launched from aircrafts, submarines, ships, land vehicles, and even from individual soldiers from the ground. Air launched precision munition includes hellfire missile, JAGM, paveway laser guided bomb, long range anti-ship missile, and more. Ground launched precision munitions are army tactical missile system (ATACMS), guided multiple rocket launch system (GMLRS), and precision strike missiles (PrSM). Such systems are being extensively adopted and upgraded by defense forces across the world. For instance, in October 2018, Raytheon Company and Saab AB signed a contract with the US Army to demonstrate a laser-guided munition to be used with the Carl-Gustaf man-portable shoulder-fired launcher. 

COVID-19 Scenario analysis:

  • Due to COVID-19 situation, the R&D inprecision guided munitioncompanies across the globe has been hampered due to declared lockdowns and government restrictions on public gatherings.
  • As governments spending shift toward economic recovery due to the pandemic, industries may experience reduction in quantity of order for precision guided munitions.
  • Production rate of precision guided munition making companies has been affected adversely due to COVID-19 situation. 
  • Precision guided munition companies facing the temporary operational issues due to the restrictions on site access, imposed by government authorities to contain the spread of virus.
  • Post COVID-19, global precision guided munition market will witness a significant growth as several countries have either already ordered or planning to procure precision guided munitions for their forces.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increase in demand for precision guided munitions to minimize collateral damage, political insurgencies & cross border conflicts, reduction in logistics burden, and growing military modernization programs are some of the factors that drive the precision guided munition market. However, regulations related to arms transfer & high manufacturing costs are hindering the market growth.Increase in R&D in precision guided munition firms may be opportunistic for the growth of the market in the future.

Increase inR&D in precision guided munition firms

The requirement to replace & upgrade existing systems such as inertial navigation system (INS), global positioning system (GPS), radar homing, semi-active lasers, and anti-radiation is enabling industries to invest heavily in R&D of precision guided munitions. For instance, in February 2020, India announced its efforts to develop tactical ballistic missiles with a range of 200 km. The missile is being developed by “defence research and development organization” (DRDO) of India, and trails of missile system are expected to begin in 2021. Such increase in investments & improving technology will provide ample amount of opportunities in the global precision munition market.

Key benefits of the report:

  • This study presents the analytical depiction of the precision guided munition industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global precision guided munition market share.
  • The current market is quantitatively analyzed to highlight the global precision guided munition market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global precision guided munition market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the precision guided munition market research report:

  • Which are the leading market players active in the precision guided munition market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Precision Guided Munitions Market Report Highlights

Aspects Details
By Speed
  • Hypersonic
  • Non-Hypersonic
By Type
  • Autonomous
  • Semi-Autonomous
By Product
  • Tactical Missiles
  • Surface to Surface Missile
  • Air to Air Missile
  • Air to Surface Missile
  • Surface to Air Missile
  • Subsea to Surface Missile
  • Guided Rockets
  • Surface to Surface
  • Air to Surface
  • Surface to Air
  • Guided Ammunition
  • Guided Mortar
  • Guided Artillery Shells
  • Guided Bombs
  • Guided Bullets
  • Loitering Munition
By Technology
  • Infrared
  • IIR Homing
  • IR Homing
  • Semi Active Laser
  • Inertial Navigation System (INS)
  • Global Positioning System (GPS)
  • Radar Homing
  • Active Homing
  • Semi Active Homing
  • Anti-Radiation
  • Others
By Region
  • North America  (US, Canada)
  • Europe  (Germany, UK, France, rest of Europe)
  • Asia-Pacific  (China, Japan, India, rest of Asia-Pacific)
  • Latin America  (Brazil, Mexico, rest of LATAM)
  • Middle East 
  • Africa 
Key Market Players Lockheed Martin Corporation, Raytheon Technologies Corporation, Saab AB, KONGSBERG, MBDA, Israel Aerospace Industries Ltd., BAE Systems, Northrop Grumman Corporation, Elbit Systems Ltd., Boeing., General Dynamics Corporation

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now
Related Tags

Purchase Full Report of
Precision Guided Munitions Market

Start reading.
This Report and over 71,213+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690  $3,321
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820  $4,947
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540  $5,559
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870  $7,896
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
*Terms and Conditions Apply

Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers