Global Precision Guided Munition Market Trends

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Global Precision Guided Munition Market Size, Share, and Trends Analysis Report Trends

  • Automotive
  • Upcoming Report
  • Dec 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

“Integration of Autonomous Targeting Systems”

The precision-guided munition market is evolving rapidly, fueled by continuous innovation and advancements in defense technology. Precision-guided munitions, such as missiles, guided bombs, and rockets, offer improved accuracy, reducing collateral damage and enhancing operational efficiency. One significant trend in the market is the increasing integration of autonomous targeting systems and artificial intelligence, enabling PGMs to function with minimal human intervention, thus improving strike precision. Innovations in sensor technologies, such as advanced infrared and radar systems, are enhancing targeting capabilities in various conditions. As geopolitical tensions rise and defense spending increases globally, the demand for more accurate and cost-effective weaponry continues to grow, driving the expansion of the precision-guided munition market across the world.

Frequently Asked Questions

The market is segmented based on Segmentation, By Speed (Hypersonic and Non-Hypersonic), Product (Tactical Missiles, Guided Rockets, Guided Ammunition, and Loitering Munition), Technology (Infrared, Semi-Active Lasers, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation, and Others), Type (Autonomous and Semi-Autonomous), End Use (Airborne, Land-base, and Naval) - Industry Trends and Forecast to 2032 .
The Global Precision Guided Munition Market size was valued at USD 44.20 USD Billion in 2024.
The Global Precision Guided Munition Market is projected to grow at a CAGR of 7.45% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.