Key Values Provided by a Precision Guided Munition Market
The Precision Guided Munition is growing at a 10.40% during the forecasted period of 2020 to 2033.Precision Guided Munition Market Size in (USD Billion) CAGR Growth Rate 10.40%
| Study Period | 2020-2033 |
| Market Size (2025): | USD37.4Billion |
| Market Size (2033): | USD82.6Billion |
| CAGR (2025 - 2033): | 10.40% |
| Fastest Growing Region | Asia-Pacific |
| Dominating Region | North America |
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Precision Guided Munitions (PGMs) are advanced weapons capable of striking specific targets with high accuracy, minimizing unintended damage. Technologies include GPS, laser guidance, and radar homing, transforming conventional munitions into intelligent attack tools.
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Moreover, these reports uncover growth opportunities and emerging trends, allowing companies to innovate or expand into underserved markets. They are essential for strategic planning, aligning business goals with market realities to ensure long-term success. Investors also rely on market research reports to evaluate industry potential, making these reports key tools for making low-risk investment decisions. A market research report provides essential insights for growth, competitive positioning, and sound business strategy.
Market Dynamics
Influencing Trend:- Modular missile kits with multi-mode seekers (laser/GPS/IR) are trending
- Collaborative swarm-launched guided artillery rockets are emerging
- Low-cost GEM (Guided ER) artillery shells are gaining adoption
- Insensitive munitions safety-rated precision bombs are being piloted
Market Growth Drivers:
- Military Modernization And Precision Strike Requirements Drive Laser-
- GPS-
- and Anti-ship Missile Procurement
- Desire To Reduce Collateral And Increase Stand-off Distance Prioritizes Guided Weapons
- Integration Of Smart Munitions Across Platforms Boosts Demand
- Investments In Long-range Artillery And Glide Bombs Support Precision Kit R&D
Challenges
- Extensive Flight And Weapon Certification Processes Increase Lead Times
- Export Regulations And MTCR Restrictions Restrict Certain Systems
- GPS-jamming Or EW Threats Require Ruggedized Guidance And Countermeasure Design
- High Production Cost Vs Dumb Munitions May Reduce Issuance Scale
Opportunities
- Partnering With Prime Missile OEMs To Co-develop Modular Guidance Kits Ensures Integration
- Licensing Seeker And Mid-course Guidance Modules To Munitions Factories Expands Tech Use
- Offering Precision Retrofit Kits For Older Artillery And Mortar Systems Opens Retrofit Market
- Collaborating With Training Schools To Develop PGM Simulation And Targeting Courses Builds Operational Support
Asia-Pacific is a fast-growing region with high demand for both high-tech and affordable products, driven by urbanization and rising middle-class incomes. Latin America prioritizes affordability amidst economic fluctuations, with Brazil and Mexico leading in market growth. In the Middle East and Africa, market trends are influenced by cultural preferences, with luxury goods prominent in the Gulf States and gradual growth in sub-Saharan Africa. Global trends like sustainability and digital transformation are impacting all regions.
The North America Dominant Region currently dominates the market share, fueled by increasing consumption, population growth, and sustained economic progress, which collectively enhance market demand. Conversely, the Asia-Pacific is the fastest-growing Region is rapidly becoming the fastest-growing region, driven by significant infrastructure investments, industrial expansion, and rising consumer demand.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Asia-Pacific
Dominating Region
North America
Competitive Insights
The key players in the Precision Guided Munition are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as Lockheed Martin (US),Raytheon Technologies (US),BAE Systems (UK),Northrop Grumman (US),Boeing Defense (US),Thales Group (France),Rafael (Israel),Saab AB (Sweden),MBDA (France),Elbit Systems (Israel),General Dynamics (US),Kongsberg Gruppen (Norway),LIG Nex1 (South Korea),Roketsan (Turkey),Bharat Dynamics (India),Denel (South Africa),Norinco (China),IAI (Israel),Leonardo (Italy) are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation drives significant advancements in product formulation and the introduction of sustainable and eco-friendly products.Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the consumer goods industry, as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the consumer goods industry. Companies are increasingly committing resources to sustainable practices and developing environmentally friendly products. This green investment responds to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green movement, thereby fueling market growth.
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:
- Lockheed Martin (US)
- Raytheon Technologies (US)
- BAE Systems (UK)
- Northrop Grumman (US)
- Boeing Defense (US)
- Thales Group (France)
- Rafael (Israel)
- Saab AB (Sweden)
- MBDA (France)
- Elbit Systems (Israel)
- General Dynamics (US)
- Kongsberg Gruppen (Norway)
- LIG Nex1 (South Korea)
- Roketsan (Turkey)
- Bharat Dynamics (India)
- Denel (South Africa)
- Norinco (China)
- IAI (Israel)
- Leonardo (Italy)
Precision Guided Munition Market Segmentation by Players
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Key Highlights
Segmentation by Type
- Laser-Guided Bombs
- GPS-Guided Missiles
- Infrared Missiles
- Radar Homing
Precision Guided Munition Market Segmentation by Type
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Segmentation by Application
-
- Air-to-Ground
- Ground-to-Ground
- Naval
- Anti-Armor
- Strategic Deterrence
Precision Guided Munition Market Segmentation by Application
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- Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Regional Analysis
- North America and Europe lead production; Asia-Pacific (India, South Korea) grew indigenous seeker programs since 2021.
Market Entropy
- In June 2025, Raytheon launched an upgraded variant of its Excalibur shell with GPS+LIDAR guidance, and BAE Systems revealed a multi-domain loitering munition for land and naval platforms with precision strike.
Merger & Acquisition
- In April 2025, Raytheon Technologies acquired AccuStrike Munitions, incorporating its GPS/laser-hybrid guidance kits and modular warheads to expand Raytheon’s precision armament portfolio for air-, ground-, and naval-delivered engagements.
Regulatory Landscape
- Export-only reviews, CWC compliance, and use-of-force targeting protocols have become stricter since 2020.
Patent Analysis
- Patents 2020–24 cover AI-featuring fuzes, low-cost seekers, adaptive trajectory kits, and failure-safe jitter wing designs.
Investment and Funding Scenario
- >USD 5 B invested since 2020 across MoD contracts for small-diameter bombs, smart mortar rounds, and family-of-munitions programs.
The Top-Down and Bottom-Up Approaches
The top-down approach begins with a broad theory or hypothesis and breaks it down into specific components for testing. This structured, deductive process involves developing a theory, creating hypotheses, collecting and analyzing data, and drawing conclusions. It is particularly useful when there is substantial theoretical knowledge, but it can be rigid and may overlook new phenomena.
Conversely, the bottom-up approach starts with specific data or observations, from which broader generalizations and theories are developed. This inductive process involves collecting detailed data, analyzing it for patterns, developing hypotheses, formulating theories, and validating them with additional data. While this approach is flexible and encourages the discovery of new phenomena, it can be time-consuming and less structured.
Swot and Pestal Analysis
SWOT AnalysisSWOT Analysis evaluates a company’s internal Strengths and Weaknesses, as well as external Opportunities and Threats. This analysis helps businesses identify their competitive advantages, address internal challenges, and seize external opportunities while mitigating potential risks. It is performed to gain a comprehensive understanding of the organization's position in the market, align strategies with its strengths, and effectively navigate competitive landscapes.
PESTEL Analysis
Political, Economic, Social, Technological, Environmental, and Legal factors impacting the business environment. This analysis helps organizations anticipate external changes, adapt strategies to macroeconomic trends, and ensure compliance with regulatory requirements. It is crucial for understanding the external forces that could influence business operations and for planning long-term strategies that align with evolving market conditions.
Report Infographics:
| Report Features | Details |
| Base Year | 2025 |
| Based Year Market Size 2025 | USD37.4Billion |
| Historical Period | 2020 |
| CAGR (2025 to 2033) | 10.40% |
| Forecast Period | 2033 |
| Forecasted Period Market Size (2033) | USD82.6Billion |
| Scope of the Report |
Laser-Guided Bombs,GPS-Guided Missiles,Infrared Missiles,Radar Homing Air-to-Ground,Ground-to-Ground,Naval,Anti-Armor,Strategic Deterrence |
| Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
| Companies Covered | Lockheed Martin (US),Raytheon Technologies (US),BAE Systems (UK),Northrop Grumman (US),Boeing Defense (US),Thales Group (France),Rafael (Israel),Saab AB (Sweden),MBDA (France),Elbit Systems (Israel),General Dynamics (US),Kongsberg Gruppen (Norway),LIG Nex1 (South Korea),Roketsan (Turkey),Bharat Dynamics (India),Denel (South Africa),Norinco (China),IAI (Israel),Leonardo (Italy) |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Precision Guided Munition - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Precision Guided Munition Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Precision Guided Munition Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Precision Guided Munition Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Military modernization and precision strike requirements drive laser-
- 3.1.2 GPS-
- 3.1.3 and anti-ship missile procurement
- 3.1.4 Desire to reduce collateral and increase stand-off distance prioritizes guided weapons
- 3.1.5 Integration of smart munitions across platforms boosts demand
- 3.1.6 Investments in long-range artillery and glide bombs support precision kit R&D
-
3.2 Available Opportunities
- 3.2.1 Partnering with prime missile OEMs to co-develop modular guidance kits ensures integration
- 3.2.2 Licensing seeker and mid-course guidance modules to munitions factories expands tech use
- 3.2.3 Offering precision retrofit kits for older artillery and mortar systems opens
-
3.3 Influencing Trends
- 3.3.1 Modular missile kits with multi-mode seekers (laser/GPS/IR) are trending
- 3.3.2 Collaborative swarm-launched guided artillery rockets are emerging
- 3.3.3 Low-cost GEM (Guided ER) artillery shells are gaining adoption
- 3.3.4 Insensitive munitions safety-rated precision bombs are
-
3.4 Challenges
- 3.4.1 Extensive flight and weapon certification processes increase lead times
- 3.4.2 Export regulations and MTCR restrictions restrict certain systems
- 3.4.3 GPS-jamming or EW threats require ruggedized guidance and countermeasure design
- 3.4.4 High production cost vs dumb munitions
- 3.5 Regional Dynamics
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Chapter 4 : Global Precision Guided Munition Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Precision Guided Munition Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Precision Guided Munition : Competition Benchmarking & Performance Evaluation
- 5.1 Global Precision Guided Munition Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Precision Guided Munition Revenue 2025
- 5.3 Global Precision Guided Munition Sales Volume by Manufacturers (2025)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 Heat Map Analysis
- 5.6 Strategic Group Analysis
Chapter 6: Global Precision Guided Munition Market: Company Profiles
- 6.1 Lockheed Martin (US)
- 6.1.1 Lockheed Martin (US) Company Overview
- 6.1.2 Lockheed Martin (US) Product/Service Portfolio & Specifications
- 6.1.3 Lockheed Martin (US) Key Financial Metrics
- 6.1.4 Lockheed Martin (US) SWOT Analysis
- 6.1.5 Lockheed Martin (US) Development Activities
- 6.2 Raytheon Technologies (US)
- 6.3 BAE Systems (UK)
- 6.4 Northrop Grumman (US)
- 6.5 Boeing Defense (US)
- 6.6 Thales Group (France)
- 6.7 Rafael (Israel)
- 6.8 Saab AB (Sweden)
- 6.9 MBDA (France)
- 6.10 Elbit Systems (Israel)
- 6.11 General Dynamics (US)
- 6.12 Kongsberg Gruppen (Norway)
- 6.13 LIG Nex1 (South Korea)
- 6.14 Roketsan (Turkey)
- 6.15 Bharat Dynamics (India)
- 6.16 Denel (South Africa)
- 6.17 Norinco (China)
- 6.18 IAI (Israel)
- 6.19 Leonardo (Italy)
- 6.20 Aselsan (Turkey)
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Sectional Purchase
Chapter 7 : Global Precision Guided Munition by Type & Application (2020-2033)
-
7.1 Global Precision Guided Munition Market Revenue Analysis (USD Million) by Type (2020-2025)
- 7.1.1 Laser-Guided Bombs
- 7.1.2 GPS-Guided Missiles
- 7.1.3 Infrared Missiles
- 7.1.4 Radar Homing
- 7.1.5 Satellite-Guided Shells
-
7.2 Global Precision Guided Munition Market Revenue Analysis (USD Million) by Application (2020-2025)
- 7.2.1 Air-to-Ground
- 7.2.2 Ground-to-Ground
- 7.2.3 Naval
- 7.2.4 Anti-Armor
- 7.2.5 Strategic Deterrence
- 7.3 Global Precision Guided Munition Market Revenue Analysis (USD Million) by Type (2025-2033)
- 7.4 Global Precision Guided Munition Market Revenue Analysis (USD Million) by Application (2025-2033)
Chapter 8 : North America Precision Guided Munition Market Breakdown by Country, Type & Application
- 8.1 North America Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 8.2.1 Laser-Guided Bombs
- 8.2.2 GPS-Guided Missiles
- 8.2.3 Infrared Missiles
- 8.2.4 Radar Homing
- 8.2.5 Satellite-Guided Shells
-
8.3 North America Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 8.3.1 Air-to-Ground
- 8.3.2 Ground-to-Ground
- 8.3.3 Naval
- 8.3.4 Anti-Armor
- 8.3.5 Strategic Deterrence
- 8.4 North America Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 8.5 North America Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 8.6 North America Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
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Sectional Purchase
Chapter 9 : LATAM Precision Guided Munition Market Breakdown by Country, Type & Application
- 9.1 LATAM Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 9.2.1 Laser-Guided Bombs
- 9.2.2 GPS-Guided Missiles
- 9.2.3 Infrared Missiles
- 9.2.4 Radar Homing
- 9.2.5 Satellite-Guided Shells
-
9.3 LATAM Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 9.3.1 Air-to-Ground
- 9.3.2 Ground-to-Ground
- 9.3.3 Naval
- 9.3.4 Anti-Armor
- 9.3.5 Strategic Deterrence
- 9.4 LATAM Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 9.5 LATAM Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 9.6 LATAM Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 10 : West Europe Precision Guided Munition Market Breakdown by Country, Type & Application
- 10.1 West Europe Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 10.2.1 Laser-Guided Bombs
- 10.2.2 GPS-Guided Missiles
- 10.2.3 Infrared Missiles
- 10.2.4 Radar Homing
- 10.2.5 Satellite-Guided Shells
-
10.3 West Europe Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 10.3.1 Air-to-Ground
- 10.3.2 Ground-to-Ground
- 10.3.3 Naval
- 10.3.4 Anti-Armor
- 10.3.5 Strategic Deterrence
- 10.4 West Europe Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 10.5 West Europe Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 10.6 West Europe Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 11 : Central & Eastern Europe Precision Guided Munition Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 11.2.1 Laser-Guided Bombs
- 11.2.2 GPS-Guided Missiles
- 11.2.3 Infrared Missiles
- 11.2.4 Radar Homing
- 11.2.5 Satellite-Guided Shells
-
11.3 Central & Eastern Europe Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 11.3.1 Air-to-Ground
- 11.3.2 Ground-to-Ground
- 11.3.3 Naval
- 11.3.4 Anti-Armor
- 11.3.5 Strategic Deterrence
- 11.4 Central & Eastern Europe Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 11.5 Central & Eastern Europe Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 11.6 Central & Eastern Europe Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 12 : Northern Europe Precision Guided Munition Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 12.2.1 Laser-Guided Bombs
- 12.2.2 GPS-Guided Missiles
- 12.2.3 Infrared Missiles
- 12.2.4 Radar Homing
- 12.2.5 Satellite-Guided Shells
-
12.3 Northern Europe Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 12.3.1 Air-to-Ground
- 12.3.2 Ground-to-Ground
- 12.3.3 Naval
- 12.3.4 Anti-Armor
- 12.3.5 Strategic Deterrence
- 12.4 Northern Europe Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 12.5 Northern Europe Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 12.6 Northern Europe Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 13 : Southern Europe Precision Guided Munition Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 13.2.1 Laser-Guided Bombs
- 13.2.2 GPS-Guided Missiles
- 13.2.3 Infrared Missiles
- 13.2.4 Radar Homing
- 13.2.5 Satellite-Guided Shells
-
13.3 Southern Europe Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 13.3.1 Air-to-Ground
- 13.3.2 Ground-to-Ground
- 13.3.3 Naval
- 13.3.4 Anti-Armor
- 13.3.5 Strategic Deterrence
- 13.4 Southern Europe Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 13.5 Southern Europe Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 13.6 Southern Europe Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 14 : East Asia Precision Guided Munition Market Breakdown by Country, Type & Application
- 14.1 East Asia Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 14.2.1 Laser-Guided Bombs
- 14.2.2 GPS-Guided Missiles
- 14.2.3 Infrared Missiles
- 14.2.4 Radar Homing
- 14.2.5 Satellite-Guided Shells
-
14.3 East Asia Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 14.3.1 Air-to-Ground
- 14.3.2 Ground-to-Ground
- 14.3.3 Naval
- 14.3.4 Anti-Armor
- 14.3.5 Strategic Deterrence
- 14.4 East Asia Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 14.5 East Asia Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 14.6 East Asia Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 15 : Southeast Asia Precision Guided Munition Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 15.2.1 Laser-Guided Bombs
- 15.2.2 GPS-Guided Missiles
- 15.2.3 Infrared Missiles
- 15.2.4 Radar Homing
- 15.2.5 Satellite-Guided Shells
-
15.3 Southeast Asia Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 15.3.1 Air-to-Ground
- 15.3.2 Ground-to-Ground
- 15.3.3 Naval
- 15.3.4 Anti-Armor
- 15.3.5 Strategic Deterrence
- 15.4 Southeast Asia Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 15.5 Southeast Asia Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 15.6 Southeast Asia Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 16 : South Asia Precision Guided Munition Market Breakdown by Country, Type & Application
- 16.1 South Asia Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 16.2.1 Laser-Guided Bombs
- 16.2.2 GPS-Guided Missiles
- 16.2.3 Infrared Missiles
- 16.2.4 Radar Homing
- 16.2.5 Satellite-Guided Shells
-
16.3 South Asia Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 16.3.1 Air-to-Ground
- 16.3.2 Ground-to-Ground
- 16.3.3 Naval
- 16.3.4 Anti-Armor
- 16.3.5 Strategic Deterrence
- 16.4 South Asia Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 16.5 South Asia Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 16.6 South Asia Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 17 : Central Asia Precision Guided Munition Market Breakdown by Country, Type & Application
- 17.1 Central Asia Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 17.2.1 Laser-Guided Bombs
- 17.2.2 GPS-Guided Missiles
- 17.2.3 Infrared Missiles
- 17.2.4 Radar Homing
- 17.2.5 Satellite-Guided Shells
-
17.3 Central Asia Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 17.3.1 Air-to-Ground
- 17.3.2 Ground-to-Ground
- 17.3.3 Naval
- 17.3.4 Anti-Armor
- 17.3.5 Strategic Deterrence
- 17.4 Central Asia Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 17.5 Central Asia Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 17.6 Central Asia Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 18 : Oceania Precision Guided Munition Market Breakdown by Country, Type & Application
- 18.1 Oceania Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 18.2.1 Laser-Guided Bombs
- 18.2.2 GPS-Guided Missiles
- 18.2.3 Infrared Missiles
- 18.2.4 Radar Homing
- 18.2.5 Satellite-Guided Shells
-
18.3 Oceania Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 18.3.1 Air-to-Ground
- 18.3.2 Ground-to-Ground
- 18.3.3 Naval
- 18.3.4 Anti-Armor
- 18.3.5 Strategic Deterrence
- 18.4 Oceania Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 18.5 Oceania Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 18.6 Oceania Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 19 : MEA Precision Guided Munition Market Breakdown by Country, Type & Application
- 19.1 MEA Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2020-2025]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 19.2.1 Laser-Guided Bombs
- 19.2.2 GPS-Guided Missiles
- 19.2.3 Infrared Missiles
- 19.2.4 Radar Homing
- 19.2.5 Satellite-Guided Shells
-
19.3 MEA Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 19.3.1 Air-to-Ground
- 19.3.2 Ground-to-Ground
- 19.3.3 Naval
- 19.3.4 Anti-Armor
- 19.3.5 Strategic Deterrence
- 19.4 MEA Precision Guided Munition Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 19.5 MEA Precision Guided Munition Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 19.6 MEA Precision Guided Munition Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Precision Guided Munition market is estimated to derive a market size of USD82.6 Billion by 2033.
The Precision Guided Munition Market is growing at a CAGR of 10.40% over the forecasted period 2025 - 2033.
Modular Missile Kits With Multi-mode Seekers (laser/GPS/IR) Are Trending,Collaborative Swarm-launched Guided Artillery Rockets Are Emerging,Low-cost GEM (Guided ER) Artillery Shells Are Gaining Adoption,Insensitive Munitions Safety-rated Precision Bombs Are Being Piloted,Cloud-based Joint Targeting Networks Integrated With PGMs Are Growing are seen to make big Impact on Precision Guided Munition Market Growth.
The leaders in the Global Precision Guided Munition Market such as Lockheed Martin (US),Raytheon Technologies (US),BAE Systems (UK),Northrop Grumman (US),Boeing Defense (US),Thales Group (France),Rafael (Israel),Saab AB (Sweden),MBDA (France),Elbit Systems (Israel),General Dynamics (US),Kongsberg Gruppen (Norway),LIG Nex1 (South Korea),Roketsan (Turkey),Bharat Dynamics (India),Denel (South Africa),Norinco (China),IAI (Israel),Leonardo (Italy),Aselsan (Turkey) are targeting innovative and differentiated growth drivers some of them are Military Modernization And Precision Strike Requirements Drive Laser-,GPS-,and Anti-ship Missile Procurement,Desire To Reduce Collateral And Increase Stand-off Distance Prioritizes Guided Weapons,Integration Of Smart Munitions Across Platforms Boosts Demand,Investments In Long-range Artillery And Glide Bombs Support Precision Kit R&D,Export Demand From Regional Security Partners Increases Orders
Some of the major challanges seen in Global Precision Guided Munition Market are Extensive Flight And Weapon Certification Processes Increase Lead Times,Export Regulations And MTCR Restrictions Restrict Certain Systems,GPS-jamming Or EW Threats Require Ruggedized Guidance And Countermeasure Design,High Production Cost Vs Dumb Munitions May Reduce Issuance Scale,Range-based Environmental Testing Requires Costly Facilities.
The market opportunity is clear from the flow of investment into Global Precision Guided Munition Market, some of them are Partnering With Prime Missile OEMs To Co-develop Modular Guidance Kits Ensures Integration,Licensing Seeker And Mid-course Guidance Modules To Munitions Factories Expands Tech Use,Offering Precision Retrofit Kits For Older Artillery And Mortar Systems Opens Retrofit Market,Collaborating With Training Schools To Develop PGM Simulation And Targeting Courses Builds Operational Support,Exporting PGMs And Training To Partners Under FMS Programs Opens Revenue.
New entrants, including competitors from unrelated industries along with players such as Lockheed Martin (US),Raytheon Technologies (US),BAE Systems (UK),Northrop Grumman (US),Boeing Defense (US),Thales Group (France),Rafael (Israel),Saab AB (Sweden),MBDA (France),Elbit Systems (Israel),General Dynamics (US),Kongsberg Gruppen (Norway),LIG Nex1 (South Korea),Roketsan (Turkey),Bharat Dynamics (India),Denel (South Africa),Norinco (China),IAI (Israel),Leonardo (Italy),Aselsan (Turkey) Instituting a robust process in Global Precision Guided Munition Market.
Research paper of Global Precision Guided Munition Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Air-to-Ground,Ground-to-Ground,Naval,Anti-Armor,Strategic Deterrence.
The Global Precision Guided Munition Market Study is segmented by Laser-Guided Bombs,GPS-Guided Missiles,Infrared Missiles,Radar Homing,Satellite-Guided Shells.
The Global Precision Guided Munition Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
The Precision Guided Munition Market is studied from 2020 - 2033.
Precision Guided Munitions (PGMs) are advanced weapons capable of striking specific targets with high accuracy, minimizing unintended damage. Technologies include GPS, laser guidance, and radar homing, transforming conventional munitions into intelligent attack tools.
