Precision Guided Munition - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Precision Guided Munition Market is accounted for $27.40 billion in 2018 and is expected to reach $62.01 billion by 2027 growing at a CAGR of 9.5% during the forecast period. Increasing demand for precision-guided munitions to minimize collateral damage, growing military modernization programs and reduction in logistics burden are some of the factors fuelling the market growth. However, regulations related to arms transfer and high manufacturing costs are restricting the market growth.
Precision guided munitions are a shell fitted with a terminal guidance system for missiles, bombings or artillery. It includes electrical equipment in order to guide before the effect in the last stage. The terminal guidance unit is intended for the sensation within its field of perspective of emitted or reflected EMR (electromagnetic radiation). Because the harmful impacts of explosive weapons reduce with distance owing to inverse cube legislation, even small precision improvements allow a target to be assaulted with fewer or smaller bombs. Thus, even if some guided bombs are missing, fewer air crews are put at risk and may reduce the harm to civilians and the amount of collateral damage.
Based on type, the autonomous segment is estimated to have a lucrative growth due to the growing demand for multi-mission, multi-target precision-strike, and air-to-ground precision weapons. By Geography, Asia Pacific is likely to have a huge demand due to the rising demand for precision-guided munition from defence forces of different countries of the region. China, India, Japan, and South Korea are investing heavily in the development of high strike precision weapons.
Some of the key players profiled in the Precision Guided Munition market include BAE Systems, China North Industries Corporation (Norinco), Denel Dynamics, Elbit Systems, Hanwha Group, Israel Aerospace Industries (IAI) Ltd., KBP Instrument Design Bureau, Kongsberg Gruppen, Leonardo %li%Societ Per Azioni, LIG Nex 1, Lockheed Martin Corporation, MBDA, Northrop Grumman, Raytheon Company, Roketsan A.S., Saab AB and The Boeing Company.
Types Covered:
All the customers of this report will be entitled to receive one of the following free customization options:
Precision guided munitions are a shell fitted with a terminal guidance system for missiles, bombings or artillery. It includes electrical equipment in order to guide before the effect in the last stage. The terminal guidance unit is intended for the sensation within its field of perspective of emitted or reflected EMR (electromagnetic radiation). Because the harmful impacts of explosive weapons reduce with distance owing to inverse cube legislation, even small precision improvements allow a target to be assaulted with fewer or smaller bombs. Thus, even if some guided bombs are missing, fewer air crews are put at risk and may reduce the harm to civilians and the amount of collateral damage.
Based on type, the autonomous segment is estimated to have a lucrative growth due to the growing demand for multi-mission, multi-target precision-strike, and air-to-ground precision weapons. By Geography, Asia Pacific is likely to have a huge demand due to the rising demand for precision-guided munition from defence forces of different countries of the region. China, India, Japan, and South Korea are investing heavily in the development of high strike precision weapons.
Some of the key players profiled in the Precision Guided Munition market include BAE Systems, China North Industries Corporation (Norinco), Denel Dynamics, Elbit Systems, Hanwha Group, Israel Aerospace Industries (IAI) Ltd., KBP Instrument Design Bureau, Kongsberg Gruppen, Leonardo %li%Societ Per Azioni, LIG Nex 1, Lockheed Martin Corporation, MBDA, Northrop Grumman, Raytheon Company, Roketsan A.S., Saab AB and The Boeing Company.
Types Covered:
- Autonomous
- Semi-Autonomous
- Guided Ammunition
- Guided Rockets
- Loitering Munitions
- Tactical Missiles
- Anti-Radiation
- Global Positioning System (GPS)
- Inertial Navigation System (INS)
- Infrared
- Radar Homing
- Semi-Active Lasers
- Other Technology
- Hypersonic
- Non-Hypersonic
- Airborne
- Land-Based
- Naval
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL PRECISION GUIDED MUNITION MARKET, BY TYPE
5.1 Introduction
5.2 Autonomous
5.3 Semi-Autonomous
6 GLOBAL PRECISION GUIDED MUNITION MARKET, BY PRODUCT
6.1 Introduction
6.2 Guided Ammunition
6.2.1 Guided Artillery Shells
6.2.2 Guided Bombs
6.2.3 Guided Bullets
6.2.4 Guided Mortar
6.3 Guided Rockets
6.3.1 Air-To-Surface
6.3.2 Surface-To-Air
6.3.3 Surface-To-Surface
6.4 Loitering Munitions
6.5 Tactical Missiles
6.5.1 Air-To-Air
6.5.2 Air-To-Surface
6.5.3 Subsea-To-Surface
6.5.4 Surface-To-Air
6.5.5 Surface-To-Surface
7 GLOBAL PRECISION GUIDED MUNITION MARKET, BY TECHNOLOGY
7.1 Introduction
7.2 Anti-Radiation
7.3 Global Positioning System (GPS)
7.4 Inertial Navigation System (INS)
7.5 Infrared
7.5.1 Infinite Impulse Response (IIR) Homing
7.5.2 Infrared Homing (IR) Homing
7.6 Radar Homing
7.6.1 Active Homing
7.6.2 Semi-Active Homing
7.7 Semi-Active Lasers
7.8 Other Technology
8 GLOBAL PRECISION GUIDED MUNITION MARKET, BY SPEED
8.1 Introduction
8.2 Hypersonic
8.3 Non-Hypersonic
9 GLOBAL PRECISION GUIDED MUNITION MARKET, BY APPLICATION
9.1 Introduction
9.2 Airborne
9.3 Land-Based
9.4 Naval
10 GLOBAL PRECISION GUIDED MUNITION MARKET, BY GEOGRAPHY
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 KEY DEVELOPMENTS
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 COMPANY PROFILING
12.1 BAE Systems
12.2 China North Industries Corporation (Norinco)
12.3 Denel Dynamics
12.4 Elbit Systems
12.5 Hanwha Group
12.6 Israel Aerospace Industries (IAI) Ltd.
12.7 KBP Instrument Design Bureau
12.8 Kongsberg Gruppen
12.9 Leonardo - Societ Per Azioni
12.10 LIG Nex
12.11 Lockheed Martin Corporation
12.12 MBDA
12.13 Northrop Grumman
12.14 Raytheon Company
12.15 Roketsan A.S.
12.16 Saab AB
12.17 The Boeing Company
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL PRECISION GUIDED MUNITION MARKET, BY TYPE
5.1 Introduction
5.2 Autonomous
5.3 Semi-Autonomous
6 GLOBAL PRECISION GUIDED MUNITION MARKET, BY PRODUCT
6.1 Introduction
6.2 Guided Ammunition
6.2.1 Guided Artillery Shells
6.2.2 Guided Bombs
6.2.3 Guided Bullets
6.2.4 Guided Mortar
6.3 Guided Rockets
6.3.1 Air-To-Surface
6.3.2 Surface-To-Air
6.3.3 Surface-To-Surface
6.4 Loitering Munitions
6.5 Tactical Missiles
6.5.1 Air-To-Air
6.5.2 Air-To-Surface
6.5.3 Subsea-To-Surface
6.5.4 Surface-To-Air
6.5.5 Surface-To-Surface
7 GLOBAL PRECISION GUIDED MUNITION MARKET, BY TECHNOLOGY
7.1 Introduction
7.2 Anti-Radiation
7.3 Global Positioning System (GPS)
7.4 Inertial Navigation System (INS)
7.5 Infrared
7.5.1 Infinite Impulse Response (IIR) Homing
7.5.2 Infrared Homing (IR) Homing
7.6 Radar Homing
7.6.1 Active Homing
7.6.2 Semi-Active Homing
7.7 Semi-Active Lasers
7.8 Other Technology
8 GLOBAL PRECISION GUIDED MUNITION MARKET, BY SPEED
8.1 Introduction
8.2 Hypersonic
8.3 Non-Hypersonic
9 GLOBAL PRECISION GUIDED MUNITION MARKET, BY APPLICATION
9.1 Introduction
9.2 Airborne
9.3 Land-Based
9.4 Naval
10 GLOBAL PRECISION GUIDED MUNITION MARKET, BY GEOGRAPHY
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 KEY DEVELOPMENTS
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 COMPANY PROFILING
12.1 BAE Systems
12.2 China North Industries Corporation (Norinco)
12.3 Denel Dynamics
12.4 Elbit Systems
12.5 Hanwha Group
12.6 Israel Aerospace Industries (IAI) Ltd.
12.7 KBP Instrument Design Bureau
12.8 Kongsberg Gruppen
12.9 Leonardo - Societ Per Azioni
12.10 LIG Nex
12.11 Lockheed Martin Corporation
12.12 MBDA
12.13 Northrop Grumman
12.14 Raytheon Company
12.15 Roketsan A.S.
12.16 Saab AB
12.17 The Boeing Company
LIST OF TABLES
Table 1 Global Precision Guided Munition Market Outlook, By Region (2017-2027) ($MN)
Table 2 Global Precision Guided Munition Market Outlook, By Type (2017-2027) ($MN)
Table 3 Global Precision Guided Munition Market Outlook, By Autonomous (2017-2027) ($MN)
Table 4 Global Precision Guided Munition Market Outlook, By Semi-Autonomous (2017-2027) ($MN)
Table 5 Global Precision Guided Munition Market Outlook, By Product (2017-2027) ($MN)
Table 6 Global Precision Guided Munition Market Outlook, By Guided Ammunition (2017-2027) ($MN)
Table 7 Global Precision Guided Munition Market Outlook, By Guided Artillery Shells (2017-2027) ($MN)
Table 8 Global Precision Guided Munition Market Outlook, By Guided Guided Bombs (2017-2027) ($MN)
Table 9 Global Precision Guided Munition Market Outlook, By Guided Bullets (2017-2027) ($MN)
Table 10 Global Precision Guided Munition Market Outlook, By Guided Guided Mortar (2017-2027) ($MN)
Table 11 Global Precision Guided Munition Market Outlook, By Guided Rockets (2017-2027) ($MN)
Table 12 Global Precision Guided Munition Market Outlook, By Air-To-Surface (2017-2027) ($MN)
Table 13 Global Precision Guided Munition Market Outlook, By Surface-To-Air (2017-2027) ($MN)
Table 14 Global Precision Guided Munition Market Outlook, By Surface-To-Surface (2017-2027) ($MN)
Table 15 Global Precision Guided Munition Market Outlook, By Loitering Munitions (2017-2027) ($MN)
Table 16 Global Precision Guided Munition Market Outlook, By Tactical Missiles (2017-2027) ($MN)
Table 17 Global Precision Guided Munition Market Outlook, By Air-To-Air (2017-2027) ($MN)
Table 18 Global Precision Guided Munition Market Outlook, By Air-To-Surface (2017-2027) ($MN)
Table 19 Global Precision Guided Munition Market Outlook, By Subsea-To-Surface (2017-2027) ($MN)
Table 20 Global Precision Guided Munition Market Outlook, By Surface-To-Air (2017-2027) ($MN)
Table 21 Global Precision Guided Munition Market Outlook, By Surface-To-Surface (2017-2027) ($MN)
Table 22 Global Precision Guided Munition Market Outlook, By Technology (2017-2027) ($MN)
Table 23 Global Precision Guided Munition Market Outlook, By Anti-Radiation (2017-2027) ($MN)
Table 24 Global Precision Guided Munition Market Outlook, By Global Positioning System (GPS) (2017-2027) ($MN)
Table 25 Global Precision Guided Munition Market Outlook, By Inertial Navigation System (INS) (2017-2027) ($MN)
Table 26 Global Precision Guided Munition Market Outlook, By Infrared (2017-2027) ($MN)
Table 27 Global Precision Guided Munition Market Outlook, By Infinite Impulse Response (IIR) Homing (2017-2027) ($MN)
Table 28 Global Precision Guided Munition Market Outlook, By Infrared Homing (IR) Homing (2017-2027) ($MN)
Table 29 Global Precision Guided Munition Market Outlook, By Radar Homing (2017-2027) ($MN)
Table 30 Global Precision Guided Munition Market Outlook, By Active Homing (2017-2027) ($MN)
Table 31 Global Precision Guided Munition Market Outlook, By Semi-Active Homing (2017-2027) ($MN)
Table 32 Global Precision Guided Munition Market Outlook, By Semi-Active Lasers (2017-2027) ($MN)
Table 33 Global Precision Guided Munition Market Outlook, By Other Technology (2017-2027) ($MN)
Table 34 Global Precision Guided Munition Market Outlook, By Speed (2017-2027) ($MN)
Table 35 Global Precision Guided Munition Market Outlook, By Hypersonic (2017-2027) ($MN)
Table 36 Global Precision Guided Munition Market Outlook, By Non-Hypersonic (2017-2027) ($MN)
Table 37 Global Precision Guided Munition Market Outlook, By Application (2017-2027) ($MN)
Table 38 Global Precision Guided Munition Market Outlook, By Airborne (2017-2027) ($MN)
Table 39 Global Precision Guided Munition Market Outlook, By Land-Based (2017-2027) ($MN)
Table 40 Global Precision Guided Munition Market Outlook, By Naval (2017-2027) ($MN)
NOTE: The tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Table 1 Global Precision Guided Munition Market Outlook, By Region (2017-2027) ($MN)
Table 2 Global Precision Guided Munition Market Outlook, By Type (2017-2027) ($MN)
Table 3 Global Precision Guided Munition Market Outlook, By Autonomous (2017-2027) ($MN)
Table 4 Global Precision Guided Munition Market Outlook, By Semi-Autonomous (2017-2027) ($MN)
Table 5 Global Precision Guided Munition Market Outlook, By Product (2017-2027) ($MN)
Table 6 Global Precision Guided Munition Market Outlook, By Guided Ammunition (2017-2027) ($MN)
Table 7 Global Precision Guided Munition Market Outlook, By Guided Artillery Shells (2017-2027) ($MN)
Table 8 Global Precision Guided Munition Market Outlook, By Guided Guided Bombs (2017-2027) ($MN)
Table 9 Global Precision Guided Munition Market Outlook, By Guided Bullets (2017-2027) ($MN)
Table 10 Global Precision Guided Munition Market Outlook, By Guided Guided Mortar (2017-2027) ($MN)
Table 11 Global Precision Guided Munition Market Outlook, By Guided Rockets (2017-2027) ($MN)
Table 12 Global Precision Guided Munition Market Outlook, By Air-To-Surface (2017-2027) ($MN)
Table 13 Global Precision Guided Munition Market Outlook, By Surface-To-Air (2017-2027) ($MN)
Table 14 Global Precision Guided Munition Market Outlook, By Surface-To-Surface (2017-2027) ($MN)
Table 15 Global Precision Guided Munition Market Outlook, By Loitering Munitions (2017-2027) ($MN)
Table 16 Global Precision Guided Munition Market Outlook, By Tactical Missiles (2017-2027) ($MN)
Table 17 Global Precision Guided Munition Market Outlook, By Air-To-Air (2017-2027) ($MN)
Table 18 Global Precision Guided Munition Market Outlook, By Air-To-Surface (2017-2027) ($MN)
Table 19 Global Precision Guided Munition Market Outlook, By Subsea-To-Surface (2017-2027) ($MN)
Table 20 Global Precision Guided Munition Market Outlook, By Surface-To-Air (2017-2027) ($MN)
Table 21 Global Precision Guided Munition Market Outlook, By Surface-To-Surface (2017-2027) ($MN)
Table 22 Global Precision Guided Munition Market Outlook, By Technology (2017-2027) ($MN)
Table 23 Global Precision Guided Munition Market Outlook, By Anti-Radiation (2017-2027) ($MN)
Table 24 Global Precision Guided Munition Market Outlook, By Global Positioning System (GPS) (2017-2027) ($MN)
Table 25 Global Precision Guided Munition Market Outlook, By Inertial Navigation System (INS) (2017-2027) ($MN)
Table 26 Global Precision Guided Munition Market Outlook, By Infrared (2017-2027) ($MN)
Table 27 Global Precision Guided Munition Market Outlook, By Infinite Impulse Response (IIR) Homing (2017-2027) ($MN)
Table 28 Global Precision Guided Munition Market Outlook, By Infrared Homing (IR) Homing (2017-2027) ($MN)
Table 29 Global Precision Guided Munition Market Outlook, By Radar Homing (2017-2027) ($MN)
Table 30 Global Precision Guided Munition Market Outlook, By Active Homing (2017-2027) ($MN)
Table 31 Global Precision Guided Munition Market Outlook, By Semi-Active Homing (2017-2027) ($MN)
Table 32 Global Precision Guided Munition Market Outlook, By Semi-Active Lasers (2017-2027) ($MN)
Table 33 Global Precision Guided Munition Market Outlook, By Other Technology (2017-2027) ($MN)
Table 34 Global Precision Guided Munition Market Outlook, By Speed (2017-2027) ($MN)
Table 35 Global Precision Guided Munition Market Outlook, By Hypersonic (2017-2027) ($MN)
Table 36 Global Precision Guided Munition Market Outlook, By Non-Hypersonic (2017-2027) ($MN)
Table 37 Global Precision Guided Munition Market Outlook, By Application (2017-2027) ($MN)
Table 38 Global Precision Guided Munition Market Outlook, By Airborne (2017-2027) ($MN)
Table 39 Global Precision Guided Munition Market Outlook, By Land-Based (2017-2027) ($MN)
Table 40 Global Precision Guided Munition Market Outlook, By Naval (2017-2027) ($MN)
NOTE: The tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
