MarkNtel Advisors recently released a research report focusing on the Global Precision Guided Munition Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.
Global Precision Guided Munition Market Insight and Analysis:
The Global Precision Guided Munition Market is projected to grow at a CAGR of around 9.56% during the forecast period 2023-28.
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Global Precision Guided Munition Industry Segmentation:
By Speed
-Subsonic- Market Size & Forecast 2018-2028, (USD Million)
-Supersonic- Market Size & Forecast 2018-2028, (USD Million)
-Hypersonic- Market Size & Forecast 2018-2028, (USD Million)
By Product Type
-Tactical Missiles- Market Size & Forecast 2018-2028, (USD Million)
-Surface-to-surface
-Surface-to-air
-Air-to-air
-Air-to-surface
-Guided Rockets- Market Size & Forecast 2018-2028, (USD Million)
-Surface-to-surface
-Surface-to-air
-Air-to-surface
-Guided Ammunition- Market Size & Forecast 2018-2028, (USD Million)
-Motor
-Bomb
-Bullets
-Torpedoes- Market Size & Forecast 2018-2028, (USD Million)
-Surface-to-subsea
-Subsea-to-subsea
-Air-to-subsea
-Loitering Munitions- Market Size & Forecast 2018-2028, (USD Million)
By Technology
-Infrared- Market Size & Forecast 2018-2028, (USD Million)
-Laser- Market Size & Forecast 2018-2028, (USD Million)
-Inertial Navigation System (INS)- Market Size & Forecast 2018-2028, (USD Million)
-Global Positioning System (GPS)- Market Size & Forecast 2018-2028, (USD Million)
-Others (Radar Homing, Anti-Radiation, etc.)- Market Size & Forecast 2018-2028, (USD Million)
By Mode of Operation
-Autonomous- Market Size & Forecast 2018-2028, (USD Million)
-Semi-Autonomous- Market Size & Forecast 2018-2028, (USD Million)
By Launch Platform
-Land- Market Size & Forecast 2018-2028, (USD Million)
-Airborne- Market Size & Forecast 2018-2028, (USD Million)
-Naval- Market Size & Forecast 2018-2028, (USD Million)
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Geographical overview:
-North America
-South America
-Europe
-The Middle East & Africa
-Asia Pacific.
The Global Precision Guided Munition Market Trend:
Introduction of Autonomy and Artificial Intelligence into Precision Guided Munition (PGMs)– In recent years, the integration of autonomy and AI into PGMs has been a transformative trend that holds the potential significance to enhance the effectiveness of modern military operations. These technologies improve target selection by analyzing multiple data sources, such as real-time sensor data, satellite imagery, and intelligence reports. Hence, identify high-value targets with greater accuracy and reduce the risk of collateral damage by differentiating between military assets and civilian structures. In addition, traditional PGMs rely on pre-defined trajectories and targeting parameters.
Autonomous PGMs equipped with AI could positively adjust their trajectories in real-time based on changing target conditions and environmental factors. This adaptability increases the chances of hitting moving or evasive targets and allows more informed decision-making and accurate target identification during military operations. Hence, the growing integration of autonomy and AI into PGMs is anticipated to escalate the market size in the forthcoming years.
Top Leading key players of Global Precision Guided Munition Market
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including –
-BAE System
-General Atomics
-Elbit System
-General Dynamics Mission Systems, Inc.
-Lockheed Martin Corporation
-Raytheon Technology Corporation
-Israel Aerospace Industries
-Thales
-MBDA
-Leonardo S.p.A
-Denel Dynamics
-Rafael Advanced Defense Systems Ltd.
-Saab AB
-Roketsan
-Bharat Dynamics Limited.
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The Global Precision Guided Munition Market report addresses the following concern:
- The Global Precision Guided Munition Market report explores the influence of key trends on market share within the primary segments.
- What are the leading market trends that propel the expansion of the Global Precision Guided Munition market?
- What are the projected CAGR, market size, and growth rate for the Global Precision Guided Munition Market in the upcoming years?
- What are the key players in the Global Precision Guided Munition market, and what strategies are they implementing?
- What factors, such as industry trends, drivers, and challenges, are contributing to the growth of the Global Precision Guided Munition market?
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