MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Global Precision Guided Munition Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Global Precision Guided Munition Market: 2023-2028
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 Market Opportunity:
Upsurge in the Militarization Across East Asia, Japan and South Korea – In East Asia, Japan and South Korea are rapidly modernizing their militaries in response to threats from China and North Korea is expected to increase the demand for precision guided munitions (PGMs) across the globe. The rising number of territorial disputes with China such as Japan has disputes over the Senkaku/Diaoyu Islands in the East China Sea, while South Korea has disputes with China over maritime boundaries in the Yellow Sea.
Hence, these disputes led to tensions and concerns about China's assertiveness in the region. Additionally, both Japan and South Korea increase their efforts to modernize their militaries in response to regional threats is anticipated to elevate the market growth during 2023-2028, as Precision Guided munition is essential for enhancing their deterrence and defense strategies.
Global Precision Guided Munition Market Segmentation:
The Global Precision Guided Munition Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
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).
Geographical Analysis into the Global Precision Guided Munition Market:
· North America
· South America
· Europe
· The Middle East & Africa
· Asia Pacific
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/precision-guided-munition-market.html
Competitive Landscape and Global Precision Guided Munition Market Share Analysis:
The competitive landscape of the Global Precision Guided Munition Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
BAE System, General Atomics, Elbit System, General Dynamics Mission Systems, Inc., Northrop Grumman, 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, Others.
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Questions Addressed in this Study
· What factors are driving the Global Precision Guided Munition Market growth?
· How is the Global Precision Guided Munition Market expected to grow over the next five years?
· What are the key insights into the current trends in the Global Precision Guided Munition Market?
· What is the current size of the Global Precision Guided Munition Market, and how is it projected to change in the future?
· What is the future outlook for the Global Precision Guided Munition Market in terms of technological advancements and market expansion?
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