Precision Guided Munitions Market Report 2023-2033

New York, Feb. 16, 2023 (GLOBE NEWSWIRE) — announces the release of the report “Precision Guided Munitions Market Report 2023-2033” –

The Precision Guided Munition Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

Precision Guided Munitions (PGMs) Can Strike Targets with a High Degree of Precision, Minimizing the Risk of Collateral Damage

Precision Guided Munitions (PGMs) are a type of military ordnance that are designed to hit a specific target with a high degree of accuracy. These weapons use a variety of guidance systems, such as GPS, inertial navigation, and laser-guidance, to navigate to their targets.

One of the key advantages of PGMs is that they can strike targets with a high degree of precision, minimizing the risk of collateral damage and reducing the need for multiple bombs or missiles to achieve a successful attack. This improves the chances of successful mission outcomes, reduces the number of civilian casualties, and ultimately saves lives.

PGMs come in a variety of forms, including bombs, missiles, and artillery shells. They can be launched from a variety of platforms, including aircraft, ships, and ground-based systems. A PGM is described as “a guided weapon designed to eliminate a point target and reduce collateral harm. PGMs provide additional benefits over unguided weapons in addition to these characteristics, including range and a decrease in the quantity of combat sorties needed to produce the desired results on the battlefield. Cost is these weapons’ biggest drawback, especially for long-range missiles.

What Questions Should You Ask before Buying a Market Research Report?

• How is the precision guided munition market evolving?

• What is driving and restraining the precision guided munition market?

• How will each precision guided munition submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?

• How will the market shares for each precision guided munition submarket develop from 2023 to 2033?

• What will be the main driver for the overall market from 2023 to 2033?

• Will leading precision guided munition markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?

• How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?

• Who are the leading players and what are their prospects over the forecast period?

• What are the precision guided munition projects for these leading companies?

• How will the industry evolve during the period between 2023 and 2033? What are the implications of precision guided munition projects taking place now and over the next 10 years?

• Is there a greater need for product commercialisation to further scale the precision guided munition market?

• Where is the precision guided munition market heading and how can you ensure you are at the forefront of the market?

• What are the best investment options for new product and service lines?

• What are the key prospects for moving companies into a new growth path and C-suite?

You need to discover how this will impact the precision guided munition market today, and over the next 10 years:

• Our 364-page report provides 145 tables and 195 charts/graphs exclusively to you.

• The report highlights key lucrative areas in the industry so you can target them – NOW.

• It contains in-depth analysis of global, regional and national sales and growth.

• It highlights for you the key successful trends, changes and revenue projections made by your competitors.

This report tells you TODAY how the precision guided munition market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2033 and other analyses reveal commercial prospects

• In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares.

• You will find original analyses, with business outlooks and developments.

• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising precision guided munition prices and recent developments.

This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

Segments Covered in the Report

Market Segment by Mode of Operation

• Autonomous

• Semi-autonomous

Market Segment by Launch Platform

• Land Platform

• Airborne Platform

• Naval Platform

Market Segment by Speed

• Subsonic

• Supersonic

• Hypersonic

• Other Speed

Market Segment by Product

• Tactical Missiles

• Guided Rockets

• Guided Ammunition

• Torpedoes

• Loitering Munitions

Market Segment by Technology

• Infrared Technology

• Global Positioning System (GPS)

• Inertial Navigation System (INS)

• Laser Technology

• Radar Homing

• Anti-radiation Technology

In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:

North America

• U.S.

• Canada


• Germany

• Russia

• United Kingdom

• France

• Italy

• Rest of Europe

Asia Pacific

• China

• Japan

• India

• Australia

• South Korea

• Rest of Asia Pacific

Middle East and Africa Brazil


• South Africa

• Rest of Middle East and Africa

Latin America

• Brazil

• Mexico

• Rest of Latin America

The report also includes profiles and for some of the leading companies in the Precision Guided Munition Market, 2023 to 2033, with a focus on this segment of these companies’ operations.

Leading companies and the potential for market growth

• BAE Systems plc

• Thales Group

• Elbit Systems Ltd

• Northrop Grumman Corporation

• Lockheed Martin Corporation

• Israel Aerospace Industries Ltd

• Raytheon Technologies Corporation

• Saab AB

• Boeing Company

• Kongsberg Gruppen

Overall world revenue for Precision Guided Munition Market, 2023 to 2033 in terms of value the market will surpass US$38.21 billion in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

How will the Precision Guided Munition Market, 2023 to 2033 report help you?

In summary, our 360+ page report provides you with the following knowledge:

• Revenue forecasts to 2033 for Precision Guided Munition Market, 2023 to 2033 Market, with forecasts for mode of operation, launch platform, speed, product, technology and company size, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.

• Revenue forecasts to 2033 for four regional and 20 key national markets – See forecasts for the Precision Guided Munition Market, 2023 to 2033 market in North America, Europe, Asia-Pacific and Latin America, Middle East and Africa. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Russia, China, India, Japan, and Australia among other prominent economies.

• Prospects for established firms and those seeking to enter the market – including company profiles for 10 of the major companies involved in the Precision Guided Munition Market, 2023 to 2033.

Read the full report:

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