Precision Guided Munition Market by Speed (Subsonic, Supersonic, and Hypersonic), Product, Technology, Mode of Operation (Semi-autonomous and Autonomous), Launch Platform (Land, Airborne and Naval) and Region 2026
The Precision Guided Munition Market size was valued at $32,800 Million in 2021 and is estimated to grow from $35,100 Million in 2023 to $41,000 Million by 2026 at a CAGR (Compound Annual Growth Rate) of 4.5%.The Precision Guided Munition Industry is expected to witness growth due to consistent increase in defense budget across the globe and the need for advanced precision guided munitionto counter the modern combat around the country’s border. Furthermore, increasing number of conflicts and high defense spending are some of the major factors driving the market globally. Governments of various countries, such as the US, China, India, and Russia, are spending heavily on modernizing their military resources. Thus, a large number of weapon manufacturers are shifting their focus toward developing precision guided munitions. However, issues related to the integration of missiles pose a challenge for precision guided munition market growth.
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COVID-19 Impact on the Precision Guided Munition Market
The COVID-19 outbreak has led to multiple challenges for the defense industry. Though the industry was not severely affected but still has faced many economic problems post the COVID-19 outbreak. Since the beginning of the outbreak, the defense industry has been hit globally.
The drying up of private financing, reduction of defense expenditure in 2020 across the globe, and postponement of scheduled contracts have somewhat impacted the defense industry. Hence, the research and development related activities to precision guided munitions have been delayed, due to which the testing of some missile defense technology has been delayed. Moreover, with the slowdown of the supply chain of precision guided munitions due to COVID-19, many companies are expected to face slack in production. Thus, impacting the market growth.
Precision Guided Munition Market Dynamics
Drivers: Increasing need for defense programs to defend nations against various threats
The performance of US weapon systems is unmatched, ensuring that the US defense forces have a tactical combat advantage over any adversary in any weather condition. The Fiscal Year (FY) 2020 acquisition (Procurement and Research, Development, Test, and Evaluation (RDT&E)) funding requested by the US Department of Defense (DoD) totals USD 247.3 billion, which includes funding in the Base budget and the Overseas Contingency Operations (OCO) fund, totaling USD 143.1 billion for Procurement and USD 104.3 billion for RDT&E. The funding in the budget request represents a balanced portfolio approach to implement the military force objective established by the National Defense Strategy. Of the USD 247.3 billion in the request, USD 83.9 billion finances Major Defense Acquisition Programs (MDAPs), which are acquisition programs that exceed a cost threshold established by the Under Secretary of Defense for Acquisition and Sustainment.
According to the Missile Defense Agency, there has been an increase of over 1,200 additional ballistic missiles over the last 5 years. The total of ballistic missiles outside the US, the North Atlantic Treaty Organization, Russia, and China has risen to over 5,900. Hundreds of launchers and missiles are currently within the range of US deployed forces.
Hence, the increasing need for defense programs by nations to defend against various threats is driving the precision guided munition market.
Increasing demand for precision guided munitions to minimize collateral damage
Most countries follow the Law of Armed Conflicts (LOAC) and strive to minimize collateral damage, which includes unintended destruction of Civilian Items and Civilian Causalities (CIVCAS). Circular Error Probability (CEP) denotes the accuracy of weapons. Precision-guided munitions have lower CEP, which is crucial in minimizing collateral damage and civilian casualties. Causalities create serious implications in terms of public opinion and policies irrespective of the mission, whether it is a low-intensity conflict operation such as counter-insurgency and counterterrorism or a high-intensity conventional conflict. In today’s highly digitalized world, precision-guided munitions help make better decisions and reduce collateral damage, thus preventing aftermath casualties. Additionally, precision-guided munitions effectively neutralize threats as targets in battlefields are dispersed, mobile, and maneuverable.
The nature of warfare has evolved from conventional border-to-border warfare to more urban-centric warfare. Precision strikes have become essential, as they provide an indirect fire capability in complex terrains where the low-angle fire is essential to neutralize targets. The increasing use of satellite networks, navigation aids, and drones to destroy high-value and long-distance targets is one of the major factors fueling the demand for precision-guided munitions.
Restraints: Stringent regulations related to arms transfer
There are federal and legislative rules and regulations that the state-owned defense organizations must comply with, such as import-export control regimes, exchange controls, the Foreign Corrupt Practices Act, and the Export Administration Act. In many countries, manufacturers of munition are prohibited from exporting their products, thereby decreasing their chances of serving international customers. This hinders the manufacturers of munitions from accessing international markets.
The problem of transfer of technologies and weapons aggravated with terrorist organizations gaining access to various advanced weaponry, such as anti-tank guided weapons and advanced land mines. This has resulted in strict control over the transfer of technologies and weapons to other countries. This factor act as a restraint for the growth of the precision guided munition market.
Opportunities:Development of new-generation air and missile defense systems
The development of new-generation missiles with high-end technologies is a major threat to strategic locations and platforms such as military airbases and ships. Some of these new developments include nuclear-capable ballistic missiles and high-speed cruise missiles. Various countries are developing such advanced weapons capable of defeating high-end air defense systems such as the medium extended air defense system (MEADS), the Patriot Advanced Capability-3 (PAC-3), and the S-400. Countries such as India, China, and Russia have developed hypersonic missiles that are difficult to intercept for missile shields. India and Russia have jointly developed the BrahMos missile, which is difficult to intercept by older missile defense shields. These developments have led to the requirement for new-generation high-speed air defense electronic warfare systems. Governments worldwide are focusing on the development of stealth aircraft, but, at the same time, they are also investing heavily in advanced surveillance systems to counter stealth technology.
The continuous development of new generation precision guided air and missile defense systems is expected to fuel the demand for various technologies related to precision guided munition. Some of these technologies are GPS, INS, laser, radar, etc.
Challenges: Issues related to integration of larger precision guided munitions
The integration of smaller precision-guided munitions involves a simpler process as compared to the larger ones. For instance, the integration of a missile occurs at three levels; first on the missile itself; second with the platform from which it is being fired; and third with the existing command and control network. The integration of various electronic equipment, sensors, warheads, kill vehicles, propulsion systems, and other subsystems is very complex. The difficulty increases in the case of Multiple Independent Re-entry Vehicle (MIRV) ballistic missiles that have multiple warheads designated for multiple targets. Furthermore, if the missile is to be loaded with a nuclear warhead, the integration process is very complex and requires skilled engineers to perform the task.
Integrating a missile with a launching platform offers advantages, such as compatibility with a broader range of platform carriage, unrestricted carriage envelope, safe and accurate store separation, and enhanced survivability for the platform. Assessment is required to check for launch platform compatibility, constraints, firepower, survivability, missile carriage, and launch compatibility.
The integration of a missile with the command, control, battle management, and communications systems is also a complicated task. It requires integrating individual sensors and weapons into the overall system by conducting simulations and launch platform integration. These integration issues can act as a challenge for the growth of this market.
The GPS technology segment is projected to grow at the highest CAGR rate for the precision guided munition market during the forecast period.
Based on technology, the GPS segment of the precision guided munition market is projected to register the highest CAGR of 5.1% during the forecast period, reaching USD 3.8 billion by 2026 from an estimated USD 3.0 billion in 2021. GPS is a satellite-based navigation system that offers navigation capability with accurate velocity information. Hence, various vendors of precision guided munitions (PGMs) focus on producing PGMs equipped with GPS technology.
The tactical missile product segment is projected to register the highest CAGR of 4.9% during the forecast period
By product, the tactical missiles segment of the precision guided munition market is projected to grow from USD 13.6 billion in 2021 to USD 17.2 billion by 2026, at a CAGR of 4.9% from 2021 to 2026. Tactical missiles are used for a shorter range and can carry a variety of warheads that can be used for various purposes. They are very versatile and can be fired in various modes, angles, and platforms. These weapons are equipped with guidance technologies that enable them to hit targets with precision. The increasing number of missile modernization programs carried out across the globe is one of the factors fueling the growth of this segment.
The semi-autonomous segment is estimated to lead the precision guided munition market during the forecast period.
By mode of operation, the semi-autonomous segment is estimated to lead the precision guided munition market during the forecast period. This segment is projected to grow from USD 25.4 billion in 2019 to USD 31.4 billion by 2026, at a CAGR of 4.3% from 2021 to 2026. Compared to the semi-autonomous segment, the autonomous segment is projected to register a higher CAGR of 5.3% during the forecast period. The autonomous segment’s growth can be attributed to the increasing adoption of loitering munitions by various military forces around the world.
The Asia Pacific market is projected to is projected to register the highest CAGR from 2021 to 2026
The precision guided munition market in Asia Pacific is projected to register the highest CAGR of 5.4% from 2021 to 2026. The growth of this regional market can be attributed to the increasing procurement of precision guided munitions by countries such as India, Australia, Japan, and China and the rising investments for the development of technologically advanced munitions in the region. Ongoing military modernization programs in the region also contribute to the growth of the Asia Pacific precision guided munition market.
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Key Market Players
The Precision Guided Munition Companies are dominated by a few globally establishedplayers such asNorthrop Grumman Corporation (US), Lockheed Martin (US), Boeing (US), Raytheon Technologies (US), and General Dynamics Corporation (US).
Precision Guided Munittion Market Scope:
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Report Metric |
Details |
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Estimated Market Size |
USD 41.0 billion |
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Projected Market Size |
USD 32.8 billion |
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Growth Rate |
4.5% |
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Market size available for years |
2018–2026 |
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Base year considered |
2020 |
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Forecast period |
2021-2026 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
|
|
Geographies covered |
|
|
Companies covered |
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The study categorizes the precision guided munition market based on technology, speed, product, mode of operation, launch platforms and region
|
Report Metric |
Details |
|
By Speed |
Subsonic |
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By Product |
Tactical Missiles |
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By Technology |
Infrared |
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By Mode of Operation |
Autonomous |
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By Launch Platform |
Land |
Recent Developments
- In 2021, Boeing was awarded a contract by the US Department of Defense for JADM munition for the US Navy.
- In 2020, The Air Force Life Cycle Management Center (AFLCMC) awarded a USD 239.1 million modification contract for 6 lots of StromBreaker to Raytheon Technologies’ RTX Missiles and Defense unit.
- In 2019, BAE Systems was awarded a contract worth USD 2.68 billion by the US Navy for the indefinite delivery and quantity purchase of APKWS laser-guided bombs.
Frequently Asked Questions (FAQ):
What are your views on the growth prospect of the Precision guided munition market?
The Precision guided munition market is expected to grow substantially owing to the technological development in designing of the technological advancements in the sector.
What are the key sustainability strategies adopted by leading players operating Precision guided munition market?
Key players have adopted various organic and inorganic strategies to strengthen their position in the Precision guided munition market. The major players Lockheed Martin Corporation (US), BAE Systems (UK), Raytheon Technologies (US), Northrop Grumman Corporation (US), and Saab AB (Sweden). These players have adopted various strategies, such as new product development and agreements, to expand their global presence in the market further.
What are the new emerging technologies and use cases disrupting precision guided munition system?
Some of the major emerging technologies and use cases disrupting the market include hypersonic missiles, long range precision guided munition and development of weapon system for space domain.
Who are the key players and innovators in the ecosystem of the aircraft Precision guided munition market?
The key players in the Precision guided munition market include Lockheed Martin Corporation (US), BAE Systems (UK), Raytheon Technologies (US), Northrop Grumman Corporation (US), and Saab AB (Sweden).
Which region is expected to hold the highest market share in the Precision guided munition market?
Precision guided munition in Asia Pacific is projected to hold the highest market share during the forecast period. . The key factor responsible for Asia Pacific Precision guided munition growth, owing to the rise in defense expenditure and demand for technologically advancement in the sector. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 36)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 PRECISION GUIDED MUNITION MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 INCLUSIONS AND EXCLUSIONS
TABLE 1 INCLUSIONS AND EXCLUSIONS IN PRECISION GUIDED MUNITION MARKET
1.5 CURRENCY & PRICING
1.6 LIMITATIONS
1.7 MARKET STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 41)
2.1 RESEARCH DATA
FIGURE 2 REPORT PROCESS FLOW
FIGURE 3 PRECISION GUIDED MUNITION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key primary sources
2.1.2.2 Breakdown of primaries
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.2 FACTOR ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE INDICATORS
2.2.2.1 Increasing demand for precision guided munitions to minimize collateral damage
2.2.3 SUPPLY-SIDE ANALYSIS
2.2.3.1 Rising adoption of AI in military operations
2.3 MARKET SIZE ESTIMATION
2.3.1 SEGMENTS AND SUBSEGMENTS
2.3.1.1 Key industry insights
2.4 RESEARCH APPROACH & METHODOLOGY
2.4.1 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.1.1 COVID-19 impact on market analysis
2.4.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.5 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION: PRECISION GUIDED MUNITION MARKET
2.6 MARKET SIZING & FORECASTING
2.7 RESEARCH ASSUMPTIONS
2.8 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 52)
FIGURE 8 BY PRODUCT, TACTICAL MISSILES SEGMENT ESTIMATED TO LEAD PRECISION GUIDED MUNITION MARKET FROM 2021 TO 2026
FIGURE 9 BY TECHNOLOGY, GLOBAL POSITIONING SYSTEM SEGMENT PROJECTED TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
FIGURE 10 BY MODE OF OPERATION, SEMI-AUTONOMOUS SEGMENT ESTIMATED TO LEAD PRECISION GUIDED MUNITION MARKET FROM 2021 TO 2026
FIGURE 11 ASIA PACIFIC PRECISION GUIDED MUNITION MARKET PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
4 PREMIUM INSIGHTS (Page No. - 56)
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN PRECISION GUIDED MUNITION MARKET
FIGURE 12 INCREASING DEFENSE EXPENDITURE GLOBALLY FOR DEVELOPING PRECISION GUIDED MUNITIONS EXPECTED TO DRIVE MARKET DURING FORECAST PERIOD
4.2 PRECISION GUIDED MUNITION MARKET, BY SPEED
FIGURE 13 SUPERSONIC SEGMENT ESTIMATED TO LEAD PRECISION GUIDED MUNITION MARKET DURING FORECAST PERIOD
4.3 PRECISION GUIDED MUNITION MARKET, BY PRODUCT
FIGURE 14 TACTICAL MISSILES SEGMENT PROJECTED TO LEAD PRECISION GUIDED MUNITION MARKET FROM 2021 TO 2026
4.4 PRECISION GUIDED MUNITION MARKET, BY TECHNOLOGY
FIGURE 15 GLOBAL POSITIONING SYSTEM (GPS) SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.5 PRECISION GUIDED MUNITION MARKET, BY MODE OF OPERATION
FIGURE 16 SEMI-AUTONOMOUS SEGMENT ESTIMATED TO LEAD PRECISION GUIDED MUNITION MARKET DURING FORECAST PERIOD
4.6 PRECISION GUIDED MUNITION MARKET, BY COUNTRY
FIGURE 17 PRECISION GUIDED MUNITION MARKET IN INDIA PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 59)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 PRECISION GUIDED MUNITION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing need for defense programs to defend nations against various threats
TABLE 2 DEFENSE BUDGET OF US, INDIA, & CHINA, 2015–2020 (USD BILLION)
5.2.1.2 Increasing demand for precision guided munitions to minimize collateral damage
TABLE 3 US PRECISION GUIDED MUNITION PROCUREMENT, 2018-2021
5.2.1.3 Adoption of advanced precision guided munitions to reduce logistics burden
5.2.1.4 Upgrading C2 systems for precision guided missile defense systems
5.2.1.5 Increasing need for missile detection systems
5.2.2 RESTRAINTS
5.2.2.1 Stringent regulations related to arms transfer
5.2.2.2 High manufacturing cost
TABLE 4 MANUFACTURING COST OF PRECISION GUIDED MUNITIONS DEVELOPED FOR US MILITARY
5.2.2.3 Procurement of conventional warfare systems instead of advanced precision guided munitions in many countries
5.2.3 OPPORTUNITIES
5.2.3.1 Miniaturization of munitions
5.2.3.2 Rising adoption of AI in military operations
5.2.3.2.1 AI in precision-guided missile defense testing & operations
5.2.3.2.2 Contemplating role of AI in precision guided missile defense
5.2.3.3 Development of new-generation air and missile defense systems
5.2.3.4 Development of hybrid precision guided munitions
5.2.4 CHALLENGES
5.2.4.1 Issues related to integration of larger precision guided munitions
5.3 COVID-19 IMPACT ON PRECISION GUIDED MUNITION MARKET
5.3.1 COVID-19 IMPACT ON PRECISION GUIDED MUNITION MARKET
5.4 RANGES AND SCENARIOS
FIGURE 19 COVID-19 IMPACT ON MARKET: 3 GLOBAL SCENARIOS
5.5 VALUE CHAIN ANALYSIS OF MARKET
FIGURE 20 VALUE CHAIN ANALYSIS
5.6 TRENDS/DISRUPTION IMPACTING CUSTOMER BUSINESS
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PRECISION GUIDED MUNITION MANUFACTURERS
5.7 MARKET ECOSYSTEM
5.7.1 PROMINENT COMPANIES
5.7.2 PRIVATE AND SMALL ENTERPRISES
5.7.3 ECOSYSTEM
FIGURE 21 MARKET ECOSYSTEM MAP: MARKET
FIGURE 22 MARKET: MARKET ECOSYSTEM
TABLE 5 MARKET ECOSYSTEM
5.7.4 DEMAND-SIDE IMPACTS
5.7.4.1 Key developments from January 2020 to August 2021
TABLE 6 KEY DEVELOPMENTS IN MARKET, JANUARY 2020 TO AUGUST 2021
5.7.5 SUPPLY-SIDE IMPACT
5.7.5.1 Key developments from January 2020 to August 2021
TABLE 7 KEY DEVELOPMENTS IN MARKET, JANUARY 2020 TO AUGUST 2021
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 8 PRECISION GUIDED MUNITION: PORTER’S FIVE FORCE ANALYSIS
FIGURE 23 MARKET: PORTER’S FIVE FORCE ANALYSIS
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 DEGREE OF COMPETITION
5.9 PRICING ANALYSIS
TABLE 9 PRECISION GUIDED MUNITION PROCUREMENT COST, BY SERVICE, IN USD MILLION (FY2010–FY2015)
TABLE 10 PRECISION GUIDED MUNITION PROCUREMENT COST, BY SERVICE, IN USD MILLION (FY2015–FY2020)
5.10 VOLUME DATA ANALYSIS
TABLE 11 PRECISION GUIDED MUNITION PROCUREMENT, BY SERVICE, IN VOLUME (FY20102–FY2015)
TABLE 12 PRECISION GUIDED MUNITION PROCUREMENT, BY SERVICE, IN VOLUME, BY SERVICE (FY2015–FY2020)
5.11 REGULATORY LANDSCAPE
5.11.1 NORTH AMERICA
5.11.2 EUROPE
6 INDUSTRY TRENDS (Page No. - 82)
6.1 INTRODUCTION
6.2 TECHNOLOGY TRENDS
6.2.1 NEXT GENERATION INTERCEPTOR (NGI) PROGRAM
6.2.2 HYPERSONIC DEFENSE SYSTEMS
6.2.3 DEVELOPMENT OF DEFENSE TECHNOLOGY
6.2.4 ANTI-SATELLITE MISSILES & WEAPONS
6.2.5 SMART E-BOMBS & HYPERSONIC MUNITION
6.2.6 ADVANCED TACTICAL DATA LINKS
6.2.7 SELF-GUIDED FIREARMS
6.2.8 NEXT-GENERATION TARGET LOCKING TECHNOLOGY
6.2.9 INFRARED TECHNOLOGY
6.2.10 FIBER-OPTIC GUIDANCE SYSTEMS
6.2.11 NETWORK-ENABLED WEAPONS
6.2.12 HYBRID GUIDANCE SYSTEMS
6.2.13 SEMI-ACTIVE LASER (SAL) GUIDANCE SYSTEMS
6.2.14 AUTOMATIC TARGET RECOGNITION (ATR)
6.3 TECHNOLOGY ANALYSIS
6.4 USE CASE ANALYSIS
6.4.1 USE CASE: LOITERING MUNITION
6.5 IMPACT OF MEGATRENDS
6.5.1 NEXT-GENERATION MISSILE SEEKERS
6.5.2 ACTIVE PHASED ARRAY RADAR (APAR)
6.6 INNOVATIONS AND PATENT REGISTRATIONS
7 PRECISION GUIDED MUNITION MARKET, BY SPEED (Page No. - 91)
7.1 INTRODUCTION
FIGURE 24 BY SPEED, HYPERSONIC SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 13 MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 14 MARKET, BY SPEED, 2021–2026 (USD MILLION)
7.2 SUBSONIC
7.2.1 SUBSONIC SPEED MUNITIONS PLAY HUGE ROLE IN MODERN WARFARE DUE TO THEIR ENHANCED STRATEGIC VALUES
7.3 SUPERSONIC
7.3.1 CRUCIAL BRIDGE: CAPABILITIES AND INTEGRATION BEYOND IMAGINATION TO BOOST DEMAND
7.4 HYPERSONIC
7.4.1 DELAY DETECTION IS BOON FOR DEFENSE AND BANE FOR ENEMIES
TABLE 15 HYPERSONIC MISSILES, BY COUNTRY
8 PRECISION GUIDED MUNITION MARKET, BY PRODUCT (Page No. - 95)
8.1 INTRODUCTION
FIGURE 25 BY PRODUCT, TACTICAL MISSILES SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 16 MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 17 MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
8.2 TACTICAL MISSILES
8.2.1 MILITARIES WORLDWIDE FOCUS ON PROCURING HIGH-SPEED MISSILES THAT CAN TRAVEL LONG RANGES
8.2.1.1 Surface-to-surface
8.2.1.2 Surface-to-air
8.2.1.3 Air-to-air
8.2.1.4 Air-to-surface
8.2.1.5 Subsea-to-surface
8.3 GUIDED ROCKETS
8.3.1 ROCKET MANUFACTURERS FOCUS ON DEVELOPING ADVANCED PRECISION WEAPONS THAT ARE COMPACT, LETHAL, & PRECISE
8.3.1.1 Surface-to-surface
8.3.1.2 Air-to-surface
8.3.1.3 Surface-to-air
8.4 GUIDED AMMUNITION
8.4.1 THERE IS INCREASED USE OF GUIDED AMMUNITION IN COUNTER-TERRORISM OPERATIONS
8.4.1.1 Guided mortar
8.4.1.2 Guided artillery shells
8.4.1.3 Guided bombs
8.4.1.4 Guided bullets
8.5 TORPEDOES
8.5.1 DEVELOPMENT OF MODERN AND ADVANCED SUBMARINE TORPEDOES TO DRIVE MARKET
8.5.1.1 Surface-to-subsea
8.5.1.2 Air-to-subsea
8.5.1.3 Subsea-to-subsea
8.6 LOITERING MUNITIONS
8.6.1 OPERATIONAL CAPABILITIES AND LESS OPERATIONAL COST ARE MAIN MARKET DRIVERS
9 PRECISION GUIDED MUNITION MARKET, BY TECHNOLOGY (Page No. - 102)
9.1 INTRODUCTION
FIGURE 26 BY TECHNOLOGY, GPS SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 18 MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 19 MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
9.2 INFRARED
9.2.1 ADVANCEMENTS IN NANOTECHNOLOGY AND ARRAY OF POTENTIALS ARE KEY ASPECTS FOR BOOM IN MARKET
9.2.2 IIR HOMING
9.2.3 IR HOMING
9.3 LASER
9.3.1 PRECISE WAY TO ENGAGE TARGETS ACROSS RANGES
9.3.2 ACTIVE LASER
9.3.3 SEMI-ACTIVE LASER
9.4 INERTIAL NAVIGATION SYSTEM (INS)
9.4.1 USE OF MULTIPLE INERTIAL SENSORS ALLOWS INTEGRATION IN ALL SHAPES AND SIZES
9.5 GLOBAL POSITIONING SYSTEM (GPS)
9.5.1 ABSOLUTE POSITION USING KNOWN CO-ORDINATE SYSTEM
9.6 RADAR HOMING
9.6.1 UNDETECTABLE WAY TO ASCERTAIN ENEMY POSITION
9.6.2 ACTIVE HOMING
9.6.3 SEMI-ACTIVE HOMING
9.6.4 PASSIVE HOMING
9.7 ANTI-RADIATION
9.7.1 ANTI-RADIATION WORKS AGAINST RADARS, INCREASES CAPABILITIES OF ALLIES
10 PRECISION GUIDED MUNITION MARKET, BY MODE OF OPERATION (Page No. - 108)
10.1 INTRODUCTION
FIGURE 27 BY MODE OF OPERATION, AUTONOMOUS SEGMENT PROJECTED TO REGISTER HIGHER CAGR THAN SEMI-AUTONOMOUS SEGMENT DURING FORECAST PERIOD
TABLE 20 MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 21 MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
10.2 AUTONOMOUS
10.2.1 CONTINUOUS R&D ACTIVITIES TO DEVELOP ADVANCED AUTONOMOUS MUNITIONS EXPECTED TO FUEL MARKET
10.3 SEMI-AUTONOMOUS
10.3.1 PROCUREMENT OF INDIGENOUS PRECISION GUIDED MUNITIONS BY DEVELOPING COUNTRIES FUELING MARKET GROWTH
11 PRECISION GUIDED MUNITION MARKET, BY LAUNCH PLATFORM (Page No. - 111)
11.1 INTRODUCTION
FIGURE 28 BY LAUNCH PLATFORM, LAND SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 22 MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 23 MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
11.2 LAND
11.2.1 STRENGTHENING OF LAND-BASED FORCES DRIVES MARKET
11.3 AIRBORNE
11.3.1 ENHANCEMENT OF MILITARY MIGHT DRIVES MARKET
11.4 NAVAL
11.4.1 INCREASING MARITIME WARFARE TO BOOST DEMAND
12 REGIONAL ANALYSIS (Page No. - 114)
12.1 INTRODUCTION
FIGURE 29 GROWTH OF MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
FIGURE 30 NORTH AMERICA ESTIMATED TO LEAD MARKET FROM 2021 TO 2026
TABLE 24 MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 25 MARKET, BY REGION, 2021–2026 (USD MILLION)
12.2 NORTH AMERICA
12.2.1 COVID-19 IMPACT ON NORTH AMERICA
12.2.2 PESTLE ANALYSIS: NORTH AMERICA
FIGURE 31 SNAPSHOT: PRECISION GUIDED MUNITION MARKET IN NORTH AMERICA
TABLE 26 NORTH AMERICA: PRECISION GUIDED MUNITION MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 27 NORTH AMERICA: PRECISION GUIDED MUNITION MARKET, BY SPEED, 2021–2026 (USD MILLION)
TABLE 28 NORTH AMERICA: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 29 NORTH AMERICA: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 30 NORTH AMERICA: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 31 NORTH AMERICA: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 32 NORTH AMERICA: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 33 NORTH AMERICA: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
TABLE 34 NORTH AMERICA: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 35 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
12.2.3 US
TABLE 36 US: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 37 US: MARKET, BY SPEED, 2021–2026 (USD MILLION)
TABLE 38 US: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 39 US: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 40 US: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 41 US: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 42 US: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 43 US: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.2.4 CANADA
TABLE 44 CANADA: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 45 CANADA: MARKET, BY SPEED, 2021–2026 (USD MILLION)
TABLE 46 CANADA: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 47 CANADA: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 48 CANADA: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 49 CANADA: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 50 CANADA: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 51 CANADA: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.3 ASIA PACIFIC
12.3.1 COVID-19 IMPACT ON ASIA PACIFIC
12.3.2 PESTLE ANALYSIS: ASIA PACIFIC
FIGURE 32 SNAPSHOT: MARKET IN ASIA PACIFIC
TABLE 52 ASIA PACIFIC: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 53 ASIA PACIFIC: MARKET, BY SPEED, 2021–2026 (USD MILLION)
TABLE 54 ASIA PACIFIC: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 55 ASIA PACIFIC: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 56 ASIA PACIFIC: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 57 ASIA PACIFIC: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 58 ASIA PACIFIC: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 59 ASIA PACIFIC: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
TABLE 60 ASIA PACIFIC: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 61 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
12.3.3 CHINA
TABLE 62 CHINA: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 63 CHINA: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 64 CHINA: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 65 CHINA: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 66 CHINA: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 67 CHINA: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 68 CHINA: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 69 CHINA: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.3.4 INDIA
TABLE 70 INDIA: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 71 INDIA: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 72 INDIA: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 73 INDIA: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 74 INDIA: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 75 INDIA: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 76 INDIA: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 77 INDIA: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.3.5 JAPAN
TABLE 78 JAPAN: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 79 JAPAN: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 80 JAPAN: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 81 JAPAN: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 82 JAPAN: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 83 JAPAN: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 84 JAPAN: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 85 JAPAN: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.3.6 SOUTH KOREA
TABLE 86 SOUTH KOREA: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 87 SOUTH KOREA: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 88 SOUTH KOREA: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 89 SOUTH KOREA: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 90 SOUTH KOREA: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 91 SOUTH KOREA: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 92 SOUTH KOREA: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 93 SOUTH KOREA: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.3.7 AUSTRALIA
TABLE 94 AUSTRALIA: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 95 AUSTRALIA: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 96 AUSTRALIA: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 97 AUSTRALIA: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 98 AUSTRALIA: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 99 AUSTRALIA: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 100 AUSTRALIA: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 101 AUSTRALIA: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.3.8 REST OF ASIA PACIFIC
TABLE 102 REST OF ASIA PACIFIC: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 103 REST OF ASIA PACIFIC: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 104 REST OF ASIA PACIFIC: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 105 REST OF ASIA PACIFIC: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 106 REST OF ASIA PACIFIC: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 107 REST OF ASIA PACIFIC: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 108 REST OF ASIA PACIFIC: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 109 REST OF ASIA PACIFIC: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.4 EUROPE
12.4.1 COVID-19 IMPACT ON EUROPE
12.4.2 PESTLE ANALYSIS: EUROPE
FIGURE 33 SNAPSHOT: MARKET IN EUROPE
TABLE 110 EUROPE: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 111 EUROPE: MARKET, BY SPEED, 2021–2026 (USD MILLION)
TABLE 112 EUROPE: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 113 EUROPE: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 114 EUROPE: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 115 EUROPE: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 116 EUROPE: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 117 EUROPE: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
TABLE 118 EUROPE: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 119 EUROPE: MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
12.4.3 UK
TABLE 120 UK: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 121 UK: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 122 UK: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 123 UK: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 124 UK: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 125 UK: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 126 UK: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 127 UK: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.4.4 FRANCE
TABLE 128 FRANCE: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 129 FRANCE: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 130 FRANCE: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 131 FRANCE: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 132 FRANCE: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 133 FRANCE: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 134 FRANCE: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 135 FRANCE: MARKET, BY SPEED, 2021–2026 (USD MILLION)
12.4.5 GERMANY
TABLE 136 GERMANY: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 137 GERMANY: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 138 GERMANY: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 139 GERMANY: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 140 GERMANY: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 141 GERMANY: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 142 GERMANY: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 143 GERMANY: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.4.6 ITALY
TABLE 144 ITALY: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 145 ITALY: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 146 ITALY: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 147 ITALY: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 148 ITALY: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 149 ITALY: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 150 ITALY: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 151 ITALY: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.4.7 RUSSIA
TABLE 152 RUSSIA: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 153 RUSSIA: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 154 RUSSIA: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 155 RUSSIA: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 156 RUSSIA: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 157 RUSSIA: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 158 RUSSIA: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 159 RUSSIA: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.4.8 REST OF EUROPE
TABLE 160 REST OF EUROPE: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 161 REST OF EUROPE: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 162 REST OF EUROPE: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 163 REST OF EUROPE: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 164 REST OF EUROPE: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 165 REST OF EUROPE: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 166 REST OF EUROPE: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 167 REST OF EUROPE: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.5 REST OF THE WORLD
12.5.1 COVID-19 IMPACT ON REST OF THE WORLD
12.5.2 PESTLE ANALYSIS: REST OF THE WORLD
TABLE 168 REST OF THE WORLD: PRECISION GUIDED MUNITION MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 169 REST OF THE WORLD: MARKET, BY SPEED, 2021–2026 (USD MILLION)
TABLE 170 REST OF THE WORLD: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 171 REST OF THE WORLD: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 172 REST OF THE WORLD: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 173 REST OF THE WORLD: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 174 REST OF THE WORLD: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 175 REST OF THE WORLD: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.5.3 LATIN AMERICA
TABLE 176 LATIN AMERICA: PRECISION GUIDED MUNITION MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 177 LATIN AMERICA: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 178 LATIN AMERICA: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 179 LATIN AMERICA: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 180 LATIN AMERICA: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 181 LATIN AMERICA: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 182 LATIN AMERICA: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 183 LATIN AMERICA: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
12.5.4 MIDDLE EAST & AFRICA
TABLE 184 MIDDLE EAST & AFRICA: MARKET, BY SPEED, 2017–2020 (USD MILLION)
TABLE 185 MIDDLE EAST & AFRICA: MARKET, SPEED, 2021–2026 (USD MILLION)
TABLE 186 MIDDLE EAST & AFRICA: MARKET, BY PRODUCT, 2017–2020 (USD MILLION)
TABLE 187 MIDDLE EAST & AFRICA: MARKET, BY PRODUCT, 2021–2026 (USD MILLION)
TABLE 188 MIDDLE EAST & AFRICA: MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
TABLE 189 MIDDLE EAST & AFRICA: MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
TABLE 190 MIDDLE EAST & AFRICA: MARKET, BY LAUNCH PLATFORM, 2017–2020 (USD MILLION)
TABLE 191 MIDDLE EAST & AFRICA: MARKET, BY LAUNCH PLATFORM, 2021–2026 (USD MILLION)
13 COMPETITIVE LANDSCAPE (Page No. - 179)
13.1 INTRODUCTION
13.2 COMPETITIVE OVERVIEW
TABLE 192 KEY DEVELOPMENTS BY LEADING PLAYERS IN MARKET BETWEEN 2019 AND 2021
13.3 MARKET RANKING ANALYSIS OF KEY PLAYERS, 2020
13.3.1 RANKING ANALYSIS OF TOP 5 PLAYERS: MARKET, 2020
13.4 MARKET SHARE OF KEY PLAYERS, 2020
13.5 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020
13.6 COMPANY PRODUCT FOOTPRINT ANALYSIS
TABLE 193 COMPANY PRODUCT FOOTPRINT
TABLE 194 COMPANY LAUNCH PLATFORM FOOTPRINT
TABLE 195 COMPANY REGION FOOTPRINT
13.7 COMPANY EVALUATION QUADRANT
13.7.1 STAR
13.7.2 EMERGING LEADER
13.7.3 PERVASIVE
13.7.4 PARTICIPANT
FIGURE 34 MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
13.8 START-UP/SME EVALUATION QUADRANT
13.8.1 PROGRESSIVE COMPANIES
13.8.2 RESPONSIVE COMPANIES
13.8.3 STARTING BLOCKS
13.8.4 DYNAMIC COMPANIES
FIGURE 35 MARKET (START-UP) COMPETITIVE LEADERSHIP MAPPING, 2020
13.9 COMPETITIVE SCENARIO
13.9.1 MARKET EVALUATION FRAMEWORK
13.9.2 NEW PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 196 NEW PRODUCT LAUNCHES AND DEVELOPMENTS, 2019–2021
13.9.3 CONTRACTS
TABLE 197 CONTRACTS, 2019–2021
13.9.4 ACQUISITIONS/PARTNERSHIPS/AGREEMENTS
TABLE 198 ACQUISITIONS/PARTNERSHIPS/AGREEMENTS, 2019-2021
14 COMPANY PROFILES (Page No. - 204)
(Business overview, Products offered, Recent Developments, MNM view)*
14.1 NORTHROP GRUMMAN CORPORATION
TABLE 199 NORTHROP GRUMMAN CORPORATION: BUSINESS OVERVIEW
FIGURE 36 NORTHROP GRUMMAN CORPORATION: COMPANY SNAPSHOT
TABLE 200 NORTHROP GRUMMAN CORPORATION: DEALS
14.2 LOCKHEED MARTIN CORPORATION
TABLE 201 LOCKHEED MARTIN CORPORATION: BUSINESS OVERVIEW
FIGURE 37 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
TABLE 202 LOCKHEED MARTIN CORPORATION: PRODUCTS OFFERED?
TABLE 203 LOCKHEED MARTIN CORPORATION: DEALS
14.3 RAYTHEON TECHNOLOGIES CORPORATION
TABLE 204 RAYTHEON TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
FIGURE 38 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 205 RAYTHEON TECHNOLOGIES CORPORATION: PRODUCTS OFFERED
TABLE 206 RAYTHEON TECHNOLOGIES CORPORATION: DEALS
14.4 BOEING COMPANY
TABLE 207 BOEING COMPANY: BUSINESS OVERVIEW
FIGURE 39 BOEING COMPANY: COMPANY SNAPSHOT
TABLE 208 BOEING COMPANY: PRODUCTS OFFERED?
TABLE 209 BOEING COMPANY: DEALS
14.5 GENERAL DYNAMICS CORPORATION
TABLE 210 GENERAL DYNAMICS CORPORATION: BUSINESS OVERVIEW
FIGURE 40 GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT
TABLE 211 GENERAL DYNAMICS CORPORATION: PRODUCTS OFFERED?
14.6 BAE SYSTEMS
TABLE 212 BAE SYSTEMS: BUSINESS OVERVIEW
FIGURE 41 BAE SYSTEMS: COMPANY SNAPSHOT
TABLE 213 BAE SYSTEMS: PRODUCTS OFFERED?
TABLE 214 BAE SYSTEMS: DEALS
14.7 ASELSAN A.S.
TABLE 215 ASELSAN A.S.: BUSINESS OVERVIEW
FIGURE 42 ASELSAN A.S.: COMPANY SNAPSHOT
TABLE 216 ASELSAN A.S.: PRODUCTS OFFERED?
TABLE 217 ASELSAN A.S.: DEALS
14.8 MBDA
TABLE 218 MBDA: BUSINESS OVERVIEW
TABLE 219 MBDA: PRODUCTS OFFERED?
TABLE 220 MBDA: DEALS
14.9 ISRAEL AEROSPACE INDUSTRIES
TABLE 221 ISRAEL AEROSPACE INDUSTRIES: BUSINESS OVERVIEW
FIGURE 43 ISRAEL AEROSPACE INDUSTRIES: COMPANY SNAPSHOT
TABLE 222 ISRAEL AEROSPACE INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
14.10 THALES
TABLE 223 THALES: BUSINESS OVERVIEW
FIGURE 44 THALES: COMPANY SNAPSHOT
TABLE 224 THALES: DEALS
14.11 RHEINMETALL
TABLE 225 RHEINMETALL: BUSINESS OVERVIEW
FIGURE 45 RHEINMETALL: COMPANY SNAPSHOT
TABLE 226 RHEINMETALL: PRODUCTS OFFERED?
TABLE 227 RHEINMETALL: DEALS
14.12 LEONARDO S.P.A.
TABLE 228 LEONARDO S.P.A.: BUSINESS OVERVIEW
FIGURE 46 LEONARDO S.P.A.: COMPANY SNAPSHOT
TABLE 229 LEONARDO S.P.A.: PRODUCTS OFFERED?
14.13 KONGSBERG
TABLE 230 KONGSBERG: BUSINESS OVERVIEW
FIGURE 47 KONGSBERG: COMPANY SNAPSHOT
TABLE 231 KONGSBERG: PRODUCTS OFFERED?
TABLE 232 KONGSBERG: DEALS
14.14 SAAB AB
TABLE 233 SAAB AB: BUSINESS OVERVIEW
FIGURE 48 SAAB AB: COMPANY SNAPSHOT
TABLE 234 SAAB AB: PRODUCTS OFFERED?
14.15 ELBIT SYSTEMS
TABLE 235 ELBIT SYSTEMS: BUSINESS OVERVIEW
FIGURE 49 ELBIT SYSTEMS: COMPANY SNAPSHOT
TABLE 236 ELBIT SYSTEMS: PRODUCTS OFFERED?
TABLE 237 ELBIT SYSTEMS: DEALS
14.16 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.
TABLE 238 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: BUSINESS OVERVIEW
TABLE 239 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: PRODUCTS OFFERED?
TABLE 240 RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: DEALS
14.17 GENERAL ATOMICS
TABLE 241 GENERAL ATOMICS: BUSINESS OVERVIEW
TABLE 242 GENERAL ATOMICS: PRODUCTS OFFERED?
TABLE 243 GENERAL ATOMICS: DEALS
14.18 DYNETICS INC.
TABLE 244 DYNETICS, INC.: BUSINESS OVERVIEW
TABLE 245 DYNETICS, INC.: PRODUCTS OFFERED?
TABLE 246 DYNETICS, INC.: DEALS
14.19 DENEL DYNAMICS
TABLE 247 DENEL DYNAMICS: BUSINESS OVERVIEW
TABLE 248 DENEL DYNAMICS: PRODUCTS OFFERED?
14.20 ROKETSAN
TABLE 249 ROKETSAN: BUSINESS OVERVIEW
TABLE 250 ROKETSAN: PRODUCTS OFFERED?
TABLE 251 ROKETSAN: DEALS
14.21 BHARAT DYNAMICS LIMITED
TABLE 252 BHARAT DYNAMICS.: BUSINESS OVERVIEW
FIGURE 50 BHARAT DYNAMICS LIMITED: COMPANY SNAPSHOT
TABLE 253 BHARAT DYNAMICS LIMITED: PRODUCTS OFFERED?
TABLE 254 BHARAT DYNAMICS LIMITED: DEALS
14.22 KBP INSTRUMENTS DESIGN BUREAU
TABLE 255 KBP INSTRUMENTS DESIGN BUREAU: BUSINESS OVERVIEW
TABLE 256 KBP INSTRUMENTS DESIGN BUREAU: PRODUCTS OFFERED?
14.23 TACTICAL MISSILES CORPORATION JSC
TABLE 257 TACTICAL MISSILES CORPORATION: BUSINESS OVERVIEW
TABLE 258 TACTICAL MISSILES CORPORATION: PRODUCTS OFFERED?
14.24 LIG NEX1 CO., LTD.
TABLE 259 LIG NEX1 CO., LTD.: BUSINESS OVERVIEW
FIGURE 51 LIG NEX1 CO., LTD.: COMPANY SNAPSHOT
TABLE 260 LIG NEX1 CO., LTD.: PRODUCTS OFFERED?
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15 APPENDIX (Page No. - 264)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATION
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the precision guided munition market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included government sources, such as Worldbank defense expenditure database; department of defense websites, corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from precision guided munition integrators; component providers; distributors; and key opinion leaders.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, threat type, range, domain, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using precision guided munition were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of precision guided munition and future outlook of their business which will affect the overall market.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the precision guided munition market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:
- Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall size of the precision guided munition market using the market size estimation processes explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand as well as supply sides of the precision guided munition market.
Report Objectives
- To define, describe, segment, and forecast the size of the precision guided munition market based on technology, speed, product, mode of operation, launch platforms and region
- To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, and Rest of the World, along with major countries in each region
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the precision guided munition market
- To analyze technological advancements and product launches in the market
- To strategically analyze micromarkets1, with respect to their growth trends, prospects, and their contribution to the market
- To identify financial positions, key products, and key developments of leading companies in the market
- To provide a detailed competitive landscape of the market, along with market share analysis
- To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
- To strategically profile key players in the market and comprehensively analyze their core competencies
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the Precision Guided Munition Market
- Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the Precision guided munition Market
Generating Response ...
Growth opportunities and latent adjacency in Precision Guided Munition Market
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