Precision Guided Munition Market Analysis Report by Key Players- Lockheed Martin Corporation, BAE Systems Plc, Raytheon, MBDA and Others.

ReportsnReports offers a latest published report on “Precision Guided Munition Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 188 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

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The Precision Guided Munition Market is projected to grow from US$ 30.0 Billion in 2019 to US$ 47.5 Billion by 2025, at a CAGR of 8.0% from 2019 to 2025. This report spread across 188 pages, profiling 17 companies and supported with 152 tables and 54 figures is now available in this research.

Based on Product, the tactical missiles segment estimated to lead the precision guided munition market in 2019 and is expected to continue its dominance till 2025. Tactical missiles are versatile weapons and can be fired in various modes, angles, and platforms. Tactical missiles are equipped with advanced guidance technologies which enable them to hit targets with high accuracy. Military forces of different countries across the globe have increased the use of precision guided munition to enhance their military capabilities.

Based on Technology, the GPS segment is expected to grow at the highest CAGR during the forecast period. GPS is a satellite-based navigation system that offers navigation capability with accurate velocity information. Hence, various vendors of precision guided munition focus on producing PGMs equipped with GPS technology.

Asia Pacific is estimated to account for the largest share of the precision guided munition market in 2019. The presence of major defense OEMs and increasing investments in research and development activities undertaken by the China and India armed forces are driving the growth of the market in this region. The procurement of next-generation laser guided projectiles is also fueling the growth of precision guided munition market.

Report Highlights:
• To strategically profile key market players and comprehensively analyze their market share and core competencies

• To forecast the size of the market and its segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW), along with their respective key countries

• To analyze the degree of competition in the market by mapping the contracts received and products and services offered by key market players

• To define, describe, and forecast the size of the precision guided munition market based on product, technology, type, and region

• To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market

• To identify industry trends, market trends, and technology trends currently prevailing in the precision guided munition market

• To strategically analyze micromarkets with respect to individual technological trends and their contribution to the total precision guided munition market

• To track and analyze competitive developments such as contracts and new product launches in the precision guided munition market

• To identify detailed financial positions, key products, and unique selling points of leading companies in the market

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Top Companies profiled in the Precision Guided Munition Market include are Lockheed Martin Corporation (US), BAE Systems Plc. (UK), Raytheon (US), MBDA (France), Israel Aerospace Industries (Israel), Elbit Systems Ltd. (Israel), Saab AB (Sweden), General Dynamics Corporation (US), Northrop Grumman (US), Rhein metall AG (Germany), Leonardo SpA (Italy).

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This release was published on openPR.