Guided Munitions Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Tactical Missile, Guided Rockets, Guided Ammunition, and Loitering Munition), By Technology (Infrared, Semi-Active Lasers, Navigation System, Anti-Radiation, and Others), By Launch Platform (Land, Airborne, Naval), By Region, Competition, 2019-2029F

Industry : Aerospace and Defense
Pages : NA
Published Date : NA

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Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 27.41 Billion
CAGR (2024-2029)	6.34%
Fastest Growing Segment	Tactical Missiles
Largest Market	North America
Market Size (2029)	USD 39.87 Billion

Market Overview

The Global Guided Munitions Market size reached USD 27.41 Billion in 2023 and is expected to grow with a CAGR of 6.34% in the forecast period. The global guided munitions market presents a comprehensive overview of the various factors driving its dynamics. Guided munitions, also known as smart weapons or precision-guided munitions, are advanced military projectiles equipped with guidance systems that enable precise targeting and engagement of specific targets. These munitions play a crucial role in modern warfare by enhancing the accuracy, lethality, and effectiveness of military operations across various domains, including air, land, and sea. The market for guided munitions encompasses a wide range of products, including guided bombs, missiles, artillery shells, and torpedoes, each designed to meet specific mission requirements and operational objectives.

One of the reasons stimulating growth in the guided munitions market is the increasing emphasis on precision strike capabilities by defense organizations worldwide. As military forces transition towards network-centric warfare and asymmetric threats become more prevalent, there is a growing demand for guided munitions capable of delivering precise and lethal effects against a wide range of targets, including enemy vehicles, infrastructure, and personnel. Guided munitions offer advantages such as reduced collateral damage, improved mission success rates, and enhanced force protection, making them indispensable assets for modern military operations. Advancements in guidance and navigation technologies, including GPS (Global Positioning System), inertial navigation systems, and semi-active laser guidance, contribute to the development of increasingly accurate and reliable guided munitions, further driving market growth.

The global guided munitions market presents opportunities for innovation and collaboration among defense contractors, technology providers, and government agencies to develop next-generation precision-guided weapons systems. Manufacturers prioritize research and development efforts to enhance the performance, range, and versatility of guided munitions, while also reducing size, weight, and cost to meet evolving defense requirements and budget constraints. Emerging trends such as the integration of artificial intelligence, autonomous capabilities, and networked warfare concepts into guided munitions systems further expand the possibilities for enhancing operational effectiveness and lethality on the battlefield.

Key Market Drivers

Precision and Reduced Collateral Damage

Guided munitions are driven by the imperative need for precision in modern warfare. Unlike unguided munitions, they can be precisely targeted to hit specific enemy assets, reducing collateral damage and minimizing harm to civilian populations. This accuracy is a critical factor in military operations, making guided munitions an indispensable asset.

Military Modernization

Many countries are actively modernizing their military forces, investing in advanced technologies, including guided munitions. These munitions play a pivotal role in maintaining military readiness, deterring potential adversaries, and adapting to evolving security challenges. The demand for modern and technologically advanced weaponry is a major driver of the market.

Geopolitical Tensions and Regional Conflicts

Ongoing geopolitical tensions and regional conflicts have led to a surge in the demand for guided munitions. Nations seek to bolster their defense capabilities and maintain a strategic edge in volatile regions. This heightened demand for precision weaponry is a direct response to the changing global security landscape.

Counterterrorism Operations

Guided munitions are essential in counterterrorism efforts. They enable precise targeting of terrorist strongholds, reducing the risk to ground forces and enhancing the effectiveness of anti-terrorism campaigns. The ability to strike with accuracy in complex and populated environments is a key driver for these munitions.

Technology Advancements

Continuous advancements in guidance and targeting technologies are shaping the development of guided munitions. These innovations improve the range, accuracy, and lethality of the munitions, ensuring their effectiveness in modern combat scenarios. The evolution of guidance systems and their integration into different munition types drive the market forward.

Increased Defense Budgets

Rising defense budgets in various regions worldwide are instrumental in driving the procurement and deployment of guided munitions. Governments allocate significant funds to acquire these munitions, recognizing their role as force multipliers that enhance military capabilities and strengthen national security.

Versatile Applications

Guided munitions find applications across various military domains, including air-to-ground, air-to-air, ground-to-ground, and naval combat. This versatility increases their demand and broadens their scope of use in diverse operational scenarios.

Strategic Superiority

The acquisition of guided munitions is seen as a means to gain strategic superiority in regional and global conflicts. Nations view precision weaponry as a critical component of their defense strategy, making investments in guided munitions a priority in today's security landscape.

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Key Market Challenges

Cost and Budgetary Constraints

The development, production, and procurement of guided munitions can be significantly more expensive than traditional unguided munitions. Many countries face budgetary constraints, limiting their ability to invest in these high-cost precision weapons. Balancing the need for advanced munitions with available budgets poses a consistent challenge in the market.

Technological Proliferation

As guided munitions technology becomes more widely available, there is a risk of proliferation to non-state actors and rogue nations. The spread of such advanced weaponry can pose security risks, making it challenging to control and regulate their use on a global scale.

Complex Maintenance and Training

Guided munitions require specialized maintenance and trained personnel for operation. Maintaining and servicing these systems can be complex, and training military personnel to use them effectively demands resources and time. Ensuring that maintenance and training keep pace with the introduction of new munitions is an ongoing challenge.

Countermeasures and Evolving Threats

Adversaries continuously develop countermeasures to disrupt or intercept guided munitions, reducing their effectiveness. Staying ahead of these countermeasures and adapting guidance and targeting technologies to address evolving threats is a persistent challenge for manufacturers and defense forces.

Regulatory Compliance

Export control regulations and international treaties restrict the trade and transfer of guided munitions. Manufacturers and governments must navigate complex regulatory environments to ensure compliance with export restrictions and non-proliferation agreements, which can impede market access.

Supply Chain Vulnerabilities

The supply chains for critical components of guided munitions can be vulnerable to disruptions, whether due to geopolitical tensions, natural disasters, or cyberattacks. Ensuring a resilient and secure supply chain is essential to maintaining a reliable source of munitions.

Ethical and Moral Considerations

The precision of guided munitions raises ethical and moral questions about their use in conflict zones. Concerns about unintended civilian casualties and the responsible deployment of such weaponry challenge military and political leaders.

Interoperability and Integration

Different types of guided munitions often require integration with existing military systems and platforms. Ensuring interoperability and seamless integration with various weapons and targeting systems can be technically complex and requires careful planning and coordination.

Key Market Trends

Precision Guidance Systems

One of the most prominent trends in guided munitions is the continuous development of precision guidance systems. These systems enhance the accuracy of munitions, allowing for more targeted strikes and reducing collateral damage. GPS, inertial navigation, and laser guidance technologies have all seen improvements, enabling guided munitions to hit their targets with remarkable precision.

Autonomous and Semi-Autonomous Munitions

The market is witnessing a growing interest in autonomous and semi-autonomous munitions. These munitions can make real-time decisions during flight, adapt to changing conditions, and engage multiple targets independently. This trend is driven by the need for more adaptable and responsive weaponry in modern warfare scenarios.

Long-Range and Standoff Capabilities

Guided munitions with extended range and standoff capabilities are in high demand. These munitions enable military forces to engage targets from safer distances, reducing the risk to personnel and aircraft. The development of hypersonic and supersonic munitions is a notable trend in this regard.

Anti-Ship and Anti-Air Munitions

With the evolving threats in maritime and aerial domains, there is a growing emphasis on guided munitions designed for anti-ship and anti-air missions. These munitions are equipped with advanced sensors, seekers, and guidance systems to counter increasingly sophisticated naval and airborne threats.

Multi-Role Munitions

Multi-role munitions that can be employed against various types of targets are gaining popularity. These versatile munitions reduce the logistical burden on military forces and increase their operational flexibility. They can engage both ground and aerial targets, making them an asset on the battlefield.

Counter-Drone Munitions

The proliferation of drones in both military and civilian settings has led to the development of counter-drone munitions. These munitions are designed to neutralize or disrupt hostile drones, offering a critical defense against potential aerial threats.

Integration of Artificial Intelligence

The integration of artificial intelligence (AI) in guided munitions is becoming more prevalent. AI can assist in target identification, threat assessment, and decision-making, enhancing the overall effectiveness of these munitions. AI-enabled systems also enable autonomous munitions to learn and adapt to new situations.

Export and Collaboration

Countries with advanced guided munition capabilities are increasingly exploring export opportunities and international collaboration. This trend is driven by the desire to establish global partnerships, share technology, and expand market presence. It also reflects the broader geopolitical landscape and the influence of defense industries on international relations.

Segmental Insights

By Technology

Infrared guidance technology relies on heat-seeking sensors to track and home in on thermal signatures emitted by targets, making it effective against aircraft, ground vehicles, and other heat-emitting targets. Semi-active lasers utilize laser energy reflected from a designated target to guide munitions to their intended destination, offering high precision and accuracy in target engagement. These technologies are widely used in precision-guided munitions such as missiles, bombs, and guided artillery shells, enhancing the lethality and effectiveness of military operations across various mission profiles.

Navigation systems play a crucial role in guiding munitions to their targets with precision and reliability, utilizing GPS, inertial navigation, and other positioning technologies to provide accurate target location information. These systems enable munitions to navigate over long distances, compensate for environmental factors such as wind and terrain, and engage targets with high accuracy, even in GPS-denied environments. Navigation-guided munitions are versatile and adaptable, capable of engaging stationary and moving targets on land, at sea, and in the air, making them valuable assets for modern military forces operating in dynamic and contested environments.

Anti-radiation guidance technology detects and homes in on radio frequency emissions emitted by enemy radar systems, communication nodes, and other electronic targets, enabling the suppression or destruction of hostile electronic assets. Anti-radiation missiles and munitions are employed to neutralize enemy air defense systems, disrupt command and control networks, and degrade adversary electronic warfare capabilities, thereby enhancing the survivability and operational effectiveness of friendly forces. These technologies are particularly valuable in contested and anti-access/area denial (A2/AD) environments, where adversaries seek to deny access to airspace and deny freedom of action to allied forces.

Other guided munitions technologies encompass a range of guidance systems and technologies tailored for specific mission requirements and operational environments. These may include command guidance, wire guidance, image recognition, and acoustic homing systems, among others, each offering unique advantages and capabilities for target engagement and lethality. As military organizations continue to prioritize precision strike capabilities and invest in advanced guided munitions technologies, the global market for guided munitions is expected to witness sustained growth and innovation, driven by the ongoing evolution of guidance systems, sensors, and munitions delivery platforms.

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Regional Insights

In North America, characterized by substantial defense expenditure and technological innovation, there is a significant market for guided munitions across the region. The region's focus on enhancing precision strike capabilities and minimizing collateral damage drives the adoption of advanced guided munitions systems, including precision-guided bombs, missiles, and artillery shells. Additionally, collaborations between government agencies, defense contractors, and research institutions foster innovation and development, ensuring that guided munitions meet the evolving needs of North American armed forces in modern warfare scenarios.

Europe & CIS witness steady demand for guided munitions supported by defense modernization efforts and regional security concerns. Countries within the European Union and CIS prioritize investments in advanced defense technologies to bolster their defense capabilities, including precision-guided munitions systems. These investments translate into sustained demand for guided munitions solutions designed to enhance accuracy, lethality, and operational effectiveness across diverse operational environments. Furthermore, partnerships between defense industry players and government entities drive research and development initiatives aimed at advancing guided munitions technologies and capabilities, ensuring the region remains at the forefront of precision strike capabilities.

Asia-Pacific emerges as a key growth market for guided munitions fueled by increasing defense budgets and evolving security threats. Countries such as China, India, and South Korea invest significantly in modernizing their armed forces, driving demand for guided munitions to enhance precision strike capabilities and deterrence posture. The proliferation of asymmetric threats and territorial disputes further underscores the importance of advanced guided munitions in enhancing military readiness and response capabilities across the Asia-Pacific region. Additionally, technological advancements and the presence of a robust defense industrial base contribute to the growth of the guided munitions market in Asia-Pacific, with opportunities for both domestic and international market players to capitalize on the region's expanding defense requirements.

South America and the Middle East & Africa also showcase growing interest in guided munitions as nations seek to modernize their defense forces and address emerging security challenges. The adoption of guided munitions solutions for precision strike, anti-terrorism operations, and border security underscores the increasing relevance of precision-guided technologies in supporting military and security forces across these regions.

Recent Developments

In May 2024, Boeing was awarded a $7.5 billion contract by the US Air Force to manufacture kits that transform bombs into Joint Direct Attack Munitions (JDAM). This contract, which is fixed-price and indefinite delivery/indefinite quantity, encompasses tail kits, spare parts, repairs, technical support, and laser JDAM sensor kits. Boeing will carry out the work at its St. Louis, Missouri facility, with completion expected by February 2030.

Key Market Players

BAE Systems Plc
PTC Industries Limited
Lockheed Martin Corporation
RTX Corporation
General Dynamics Corporation
Textron Inc.
Hanwha Corporation
Northrop Grumman Corporation

By Product	By Technology	By Launch Platform	By Region
Tactical Missile Guided Rockets Guided Ammunition Loitering Munition	Infrared Semi-Active Lasers Navigation System Anti-Radiation Others	Land Airborne Naval	North America Europe & CIS Asia-Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Guided Munitions Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Guided Munitions Market, By Product:

o Tactical Missile

o Guided Rockets

o Guided Ammunition

o Loitering Munition

Guided Munitions Market, By Technology:

o Infrared

o Semi-Active Lasers

o Navigation System

o Anti-Radiation

o Others

Guided Munitions Market, By Launch Platform:

o Land

o Airborne

o Naval

Guided Munitions Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Turkey

§ Iran

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Guided Munitions Market.

Available Customizations:

Global Guided Munitions Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

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Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Guided Munitions Market

5. Global Guided Munitions Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Market Share Analysis (Tactical Missile, Guided Rockets, Guided Ammunition, and Loitering Munition)

5.2.2. By Technology Market Share Analysis (Infrared, Semi-Active Lasers, Navigation System, Anti-Radiation, and Others)

5.2.3. By Launch Platform Market Share Analysis (Land, Airborne, Naval)

5.2.4. By Regional Market Share Analysis

5.2.4.1. Asia-Pacific Market Share Analysis

5.2.4.2. Europe & CIS Market Share Analysis

5.2.4.3. North America Market Share Analysis

5.2.4.4. South America Market Share Analysis

5.2.4.5. Middle East & Africa Market Share Analysis

5.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3. Global Guided Munitions Market Mapping & Opportunity Assessment

5.3.1. By Product Market Mapping & Opportunity Assessment

5.3.2. By Technology Market Mapping & Opportunity Assessment

5.3.3. By Launch Platform Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Guided Munitions Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Market Share Analysis

6.2.2. By Technology Market Share Analysis

6.2.3. By Launch Platform Market Share Analysis

6.2.4. By Country Market Share Analysis

6.2.4.1. China Market Share Analysis

6.2.4.2. India Market Share Analysis

6.2.4.3. Japan Market Share Analysis

6.2.4.4. Indonesia Market Share Analysis

6.2.4.5. Thailand Market Share Analysis

6.2.4.6. South Korea Market Share Analysis

6.2.4.7. Australia Market Share Analysis

6.2.4.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Guided Munitions Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Market Share Analysis

6.3.1.2.2. By Technology Market Share Analysis

6.3.1.2.3. By Launch Platform Market Share Analysis

6.3.2. India Guided Munitions Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product Market Share Analysis

6.3.2.2.2. By Technology Market Share Analysis

6.3.2.2.3. By Launch Platform Market Share Analysis

6.3.3. Japan Guided Munitions Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product Market Share Analysis

6.3.3.2.2. By Technology Market Share Analysis

6.3.3.2.3. By Launch Platform Market Share Analysis

6.3.4. Indonesia Guided Munitions Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Product Market Share Analysis

6.3.4.2.2. By Technology Market Share Analysis

6.3.4.2.3. By Launch Platform Market Share Analysis

6.3.5. Thailand Guided Munitions Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Product Market Share Analysis

6.3.5.2.2. By Technology Market Share Analysis

6.3.5.2.3. By Launch Platform Market Share Analysis

6.3.6. South Korea Guided Munitions Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Product Market Share Analysis

6.3.6.2.2. By Technology Market Share Analysis

6.3.6.2.3. By Launch Platform Market Share Analysis

6.3.7. Australia Guided Munitions Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Product Market Share Analysis

6.3.7.2.2. By Technology Market Share Analysis

6.3.7.2.3. By Launch Platform Market Share Analysis

7. Europe & CIS Guided Munitions Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Market Share Analysis

7.2.2. By Technology Market Share Analysis

7.2.3. By Launch Platform Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. Germany Market Share Analysis

7.2.4.2. Spain Market Share Analysis

7.2.4.3. France Market Share Analysis

7.2.4.4. Russia Market Share Analysis

7.2.4.5. Italy Market Share Analysis

7.2.4.6. United Kingdom Market Share Analysis

7.2.4.7. Belgium Market Share Analysis

7.2.4.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Guided Munitions Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Market Share Analysis

7.3.1.2.2. By Technology Market Share Analysis

7.3.1.2.3. By Launch Platform Market Share Analysis

7.3.2. Spain Guided Munitions Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Market Share Analysis

7.3.2.2.2. By Technology Market Share Analysis

7.3.2.2.3. By Launch Platform Market Share Analysis

7.3.3. France Guided Munitions Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Market Share Analysis

7.3.3.2.2. By Technology Market Share Analysis

7.3.3.2.3. By Launch Platform Market Share Analysis

7.3.4. Russia Guided Munitions Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Market Share Analysis

7.3.4.2.2. By Technology Market Share Analysis

7.3.4.2.3. By Launch Platform Market Share Analysis

7.3.5. Italy Guided Munitions Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Market Share Analysis

7.3.5.2.2. By Technology Market Share Analysis

7.3.5.2.3. By Launch Platform Market Share Analysis

7.3.6. United Kingdom Guided Munitions Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Product Market Share Analysis

7.3.6.2.2. By Technology Market Share Analysis

7.3.6.2.3. By Launch Platform Market Share Analysis

7.3.7. Belgium Guided Munitions Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Product Market Share Analysis

7.3.7.2.2. By Technology Market Share Analysis

7.3.7.2.3. By Launch Platform Market Share Analysis

8. North America Guided Munitions Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Market Share Analysis

8.2.2. By Technology Market Share Analysis

8.2.3. By Launch Platform Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. United States Market Share Analysis

8.2.4.2. Mexico Market Share Analysis

8.2.4.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Guided Munitions Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Market Share Analysis

8.3.1.2.2. By Technology Market Share Analysis

8.3.1.2.3. By Launch Platform Market Share Analysis

8.3.2. Mexico Guided Munitions Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Market Share Analysis

8.3.2.2.2. By Technology Market Share Analysis

8.3.2.2.3. By Launch Platform Market Share Analysis

8.3.3. Canada Guided Munitions Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Market Share Analysis

8.3.3.2.2. By Technology Market Share Analysis

8.3.3.2.3. By Launch Platform Market Share Analysis

9. South America Guided Munitions Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Market Share Analysis

9.2.2. By Technology Market Share Analysis

9.2.3. By Launch Platform Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Brazil Market Share Analysis

9.2.4.2. Argentina Market Share Analysis

9.2.4.3. Colombia Market Share Analysis

9.2.4.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Guided Munitions Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Market Share Analysis

9.3.1.2.2. By Technology Market Share Analysis

9.3.1.2.3. By Launch Platform Market Share Analysis

9.3.2. Colombia Guided Munitions Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Market Share Analysis

9.3.2.2.2. By Technology Market Share Analysis

9.3.2.2.3. By Launch Platform Market Share Analysis

9.3.3. Argentina Guided Munitions Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Market Share Analysis

9.3.3.2.2. By Technology Market Share Analysis

9.3.3.2.3. By Launch Platform Market Share Analysis

10. Middle East & Africa Guided Munitions Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Market Share Analysis

10.2.2. By Technology Market Share Analysis

10.2.3. By Launch Platform Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. Turkey Market Share Analysis

10.2.4.2. Iran Market Share Analysis

10.2.4.3. Saudi Arabia Market Share Analysis

10.2.4.4. UAE Market Share Analysis

10.2.4.5. Rest of Middle East & Africa Market Share Analysis

10.3. Middle East & Africa: Country Analysis

10.3.1. Turkey Guided Munitions Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Market Share Analysis

10.3.1.2.2. By Technology Market Share Analysis

10.3.1.2.3. By Launch Platform Market Share Analysis

10.3.2. Iran Guided Munitions Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Market Share Analysis

10.3.2.2.2. By Technology Market Share Analysis

10.3.2.2.3. By Launch Platform Market Share Analysis

10.3.3. Saudi Arabia Guided Munitions Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Market Share Analysis

10.3.3.2.2. By Technology Market Share Analysis

10.3.3.2.3. By Launch Platform Market Share Analysis

10.3.4. UAE Guided Munitions Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Product Market Share Analysis

10.3.4.2.2. By Technology Market Share Analysis

10.3.4.2.3. By Launch Platform Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. BAE Systems Plc

14.1.1.1. Company Details

14.1.1.2. Key Product Offered

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. PTC Industries Limited

14.1.2.1. Company Details

14.1.2.2. Key Product Offered

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. Lockheed Martin Corporation

14.1.3.1. Company Details

14.1.3.2. Key Product Offered

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. RTX Corporation

14.1.4.1. Company Details

14.1.4.2. Key Product Offered

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. General Dynamics Corporation

14.1.5.1. Company Details

14.1.5.2. Key Product Offered

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. Textron Inc.

14.1.6.1. Company Details

14.1.6.2. Key Product Offered

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. Hanwha Corporation

14.1.7.1. Company Details

14.1.7.2. Key Product Offered

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

14.1.8. Northrop Grumman Corporation

14.1.8.1. Company Details

14.1.8.2. Key Product Offered

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Recent Developments

14.1.8.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Product

15.1.3. Target Launch Platform

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Guided Munitions Market in 2023?

The Global Guided Munitions Market size reached USD 27.41 Billion in 2023

Which was the fastest growing segment By Product in the Global Guided Munitions Market in 2023?

Tactical Missiles tend to grow the fastest in the guided munitions market. They are highly versatile, offering precision targeting from various platforms and serving a wide range of military missions, including anti-ship, anti-air, and land-attack scenarios.

Which is the largest market by region in the Global Guided Munitions Market?

North America, led by the United States, was the largest market by region in the global guided munitions market. The United States, with its significant defense budget and advanced military capabilities, plays a central role in shaping the market dynamics. North America's extensive R&D efforts and export of guided munitions have further solidified its dominant position in this industry.

What are the major drivers for the Global Guided Munitions Market?

The Global Guided Munitions Market is primarily driven by the need for military modernization, precision warfare, and ongoing technological advancements. As armed forces seek to enhance their capabilities and conduct precise operations with reduced collateral damage, the demand for advanced guided munitions continues to rise, shaping the market's growth trajectory. These munitions benefit from evolving technologies, including artificial intelligence and improved guidance systems, which further contribute to their increasing prominence in modern military strategies.

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Srishti Verma

Business Consultant

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Press Release

Guided Munitions Market to Grow with a CAGR of 6.34% through 2029

Jun, 2024

Technological advancements, increasing defense spending, and growing demand for precision strike capabilities are driving the global guided munitions market in the forecast period 2025-2029.