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Precision Guided Munition Market

Precision Guided Munition Market

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SKU ID :
GIR-15335570

Publishing Date:
26-Feb-2020

No. of pages:
325

Price

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The precision guided munition market is projected to grow at a CAGR 7.34% rate during the forecast period. The increasing need for highly precise strike munition, rising asymmetric warfare, geopolitical conflicts, and military modernization programs, among others, are some of the factors fueling the growth of market.

The loitering munition segment is projected to grow at the highest CAGR from 2019 to 2025. The loitering munition can function autonomously searching and launching attacks without human intervention. This has drastically reduced the number of rounds required to defeat a particular target.

The market has been segmented into infrared, semi-active lasers, radar homing, Global Positioning System (GPS), Inertial Navigation System (INS), anti-radiation, and others. The semi-active laser segment is estimated to account for the largest share of the market in 2019. The GPS segment is projected to grow at the highest CAGR during the forecast period. GPS is a satellite-based navigation system that offers navigation capability with accurate velocity information. Hence, various vendors focus on producing precision guided munition equipped with GPS technology.

The Asia Pacific market is projected to grow at the highest CAGR from 2019 to 2025. Countries such as China, India, Australia, Japan, South Korea, and Rest of Asia Pacific are considered in this regional market analysis. In 2018, China and India were among the top five countries in the world in terms of defense expenditure. While China ranked second, India ranked fourth in defense expenditure, globally.

Key Market Players includes Lockheed Martin Corporation (US), BAE Systems (UK), Raytheon (US), Northrop Grumman (US), Elbit Systems (Israel), Saab AB (Sweden), General Dynamics (US), Israel Aerospace Industries (Israel), Rheinmetall AG (Germany), LIG Nex1 (South Korea), NORINCO (China), and Bharat Dynamics (India), among others.

Key Questions Addressed by the Report

  • What are the drivers, restraints, challenges, and opportunities that affect the dynamics of the market, and what is the subsequent market analysis of the associated trends?
  • What are the key sustainability strategies adopted by leading players operating in the market?
  • What are the upcoming disrupters in this market that can be potential targets for partnerships/mergers?
  • Who are the top players operating in this market?
  • Which geographies can be the potential revenue-generating pockets for the market?

1.Introduction

Market Definition

Study Scope

Study Period

Stakeholders

2. Research Methodology

Secondary Research

Primary Research

Research Design

Data Validation

Limitation and Assumptions

3. Executive Overview

4. Market Overview

Drivers

Restraints   

Opportunities

Challenges

5. Precision Guided Munition Market, By Technology

Semi-Active Lasers

Global Positioning System (GPS)

Anti-Radiation

Infrared

Inertial Navigation System (INS)

Radar Homing

Others

6. Precision Guided Munition Market, By Product

Guided Rockets

Guided Ammunition

Tactical Missiles

Loitering Munition

7. Precision Guided Munition Market, By Type

Autonomous

Semi-Autonomous

8. Precision Guided Munition Market, By Speed

Hypersonic

Non-Hypersonic

9. Precision Guided Munition Market, By Region

North America

   US

   Canada

Europe

   UK

   Germany

   Spain

   France

   Turkey

   Rest of Europe

Asia Pacific

   China 

   Japan

   South Korea

   India 

   Australia

   Rest of APAC

Middle East

    UAE

    Saudi Arabia

    Rest of Middle East

Rest of the World

    Latin America

    Africa

10. Company Profiles

Lockheed Martin Corporation

MBDA

Kongsberg Gruppen

Elbit Systems

The Boeing Company

Hanwha Group

China North Industries Corporation

BAE Systems

Raytheon Company

Northrop Grumman

Saab AB

11. Appendix

About

Abbreviations

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