Precision Guided Munition Market Worth $47.5 Billion by 2025

1. Precision Guided Munition Market Worth $47.5 Billion by 2025 - Exclusive Report by MarketsandMarkets™ New York, NY, Jan-09, 2020 / (Aerospace NEWS)— According to the new market research report "Precision Guided Munition Market by Product (Tactical Missiles, Guided Rockets, Guided Ammunition, and Loitering Munition), Technology (Infrared, Semi-active Lasers, Radar Homing, GPS, INS, Anti-radiation), Type, Speed, Region - Global Forecast to 2025", published by MarketsandMarkets™, the Precision Guided Munition Market is projected to grow from USD 30.0 billion in 2019 to USD 47.5 billion by 2025, at a CAGR of 8.0% from 2019 to 2025. The growing military modernization programs and increasing demand for precision guided munitions to minimize collateral damage are some of the factors expected to drive the growth of the precision guided munition market. Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=109859417 "Growing military modernization programs and increasing demand for precision guided munitions are key factors fueling the growth of the precision guided munition market across the globe." Many countries are focusing on increasing their R&D spending & initiate programs for the development of lightweight, portable, and efficient next-generation precision weapons. The increasing use of satellite networks, navigation aids, and drones to destroy high-value and long-distance targets and demand for miniaturized weapons are some of the major factors fueling the demand for precision guided munitions. "Based on type, the autonomous segment of the precision guided munition market is projected to grow at a higher CAGR during the forecast period." Based on type, the autonomous segment of the market is projected to grow at a higher CAGR during the forecast period as compared to the semi-autonomous segment. Autonomous precision guided munitions are equipped with high resolution electro-optical and infrared cameras that help locate and guide the vehicle to the target. The growing demand for multi- mission, multi-target precision-strike, and air-to-ground precision weapons is estimated to propel the growth of the precision guided munition market during the forecast period. "The Asia Pacific precision guided munition market is projected to grow at the highest CAGR during the forecast period." The Asia Pacific precision guided munition market is projected to grow at the highest CAGR from 2019 to 2025. The growth of the market in this region can be attributed to the rising demand for precision guided munition from defense forces of different countries of the region. China, India, Japan, and South Korea are investing heavily in the development of high strike precision weapons. Moreover, increasing product developments and investments in the precision guided munition ecosystem by defense research agencies, Original Equipment Manufacturers (OEMs), and start-ups are fueling the growth of the precision guided munition market in Asia Pacific. Additionally, the presence of some of the major manufacturers of 1

2. precision guided munition operating in this region such as LIG Nex1 (South Korea), NORINCO (China), Bharat Dynamics (India), Hanwha Corporation (South Korea), and BrahMos Aerospace (India) is another major factor driving the market. Browse in-depth TOC on "Precision Guided Munition Market" 152 – Tables 54 – Figures 188 – Pages Request Sample pages of the Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=109859417 Major companies profiled in the report are 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. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com 2