Industry Overview
The Precision-Guided Munitions (PGM) is at 18Billion in 2025 and is expected to reach 35Billion by 2033. The Precision-Guided Munitions (PGM) is driven by factors such as increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and increasing global trade. Raytheon Technologies (USA),Lockheed Martin (USA),Boeing (USA),Northrop Grumman (USA),BAE Systems (UK),Thales Group (France),Rafael Advanced Defense Systems (Israel),MBDA (Europe),General Dynamics (USA),Textron (USA),L3Harris Technologies (USA),Leonardo (Italy),Hanwha (South Korea),Elbit Systems (Israel), and others are some of the key players in the market.Precision-Guided Munitions (PGM) Market Size in (USD Billion) CAGR Growth Rate 8%
| Study Period | 2020-2033 |
| Market Size (2025): | 18Billion |
| Market Size (2033): | 35Billion |
| CAGR (2025 - 2033): | 8% |
| Fastest Growing Region | Asia-Pacific |
| Dominating Region | North America |
www.htfmarketinsights.com
PGMs are weapons equipped with guidance systems (laser, GPS, infrared) to improve accuracy, reduce collateral damage, and increase mission effectiveness. Used by military forces globally, they represent a key advancement in modern warfare enabling targeted strikes with minimal unintended consequences.
Key Players
Several key players in the Precision-Guided Munitions (PGM) market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 7%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.- Raytheon Technologies (USA)
- Lockheed Martin (USA)
- Boeing (USA)
- Northrop Grumman (USA)
- BAE Systems (UK)
- Thales Group (France)
- Rafael Advanced Defense Systems (Israel)
- MBDA (Europe)
- General Dynamics (USA)
- Textron (USA)
- L3Harris Technologies (USA)
- Leonardo (Italy)
- Hanwha (South Korea)
- Elbit Systems (Israel)
Precision-Guided Munitions (PGM) Market Segmentation by Players
www.htfmarketinsights.com
Market Dynamics
Market Driver- Military Modernization
- Accuracy Demand
- Reduced Collateral Damage
- Cost Efficiency
Market Trends
- Autonomous guidance
- AI targeting
- Multi-mode seekers
- Miniaturization
Opportunity
- Export Markets
- Defense Contracts
- Upgrades
- UAV Integration
Challenges
- Cost
- Export Restrictions
- Countermeasures
- Development Complexity
Key Highlights
- The Precision-Guided Munitions (PGM) is growing at a 8% during the forecasted period of 2020 to 2033
- Based on type, the market is bifurcated into Laser-guided,GPS-guided,Infrared-guided,Electro-optical
- Based on application, the market is segmented into Precision strike,Targeted demolition,Defense operations,Counter-terrorism,Naval warfare
- Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Overview
- Type Segmentation: categorizes products by their specific variants, helping businesses identify demand drivers and innovate effectively.
- Application Segmentation: Divides the market based on product usage across industries, enabling targeted marketing and growth identification.
- Geographic Segmentation: Segments the market by location, allowing for tailored strategies based on regional preferences and economic factors.
- Customer Segmentation: Focuses on demographics like age, gender, and income, enabling personalized marketing and improved customer targeting.
- Distribution Channel Segmentation: categorizes by how products reach customers, optimizing supply chain and sales strategies.
Market Segmentation
Segmentation by Type
- Laser-guided
- GPS-guided
- Infrared-guided
- Electro-optical
Precision-Guided Munitions (PGM) Market Segmentation by Type
www.htfmarketinsights.com
Segmentation by Application
- Precision strike
- Targeted demolition
- Defense operations
- Counter-terrorism
- Naval warfare
Precision-Guided Munitions (PGM) Market Segmentation by Application
www.htfmarketinsights.com
This report also splits the market by region:
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
Market Entropy
- In May 2025, a defense contractor delivered a new guided aerial munition with multi-sensor seekers (radar + IR) and autonomous terminal targeting. Designed to reduce collateral damage and support platform agility in contested airspaces.
Merger & Acquisition
- In Dec 2024, a defense contractor acquired a precision-guided munitions manufacturer specializing in smart bombs and missile guidance systems. The $250 million deal accelerates development of next-gen weapons with enhanced targeting, reduced collateral damage, and integration with autonomous platforms for military applications worldwide.
Patent Analysis
- Extensive patent portfolios on guidance systems, propulsion, targeting algorithms, and warhead technologies held by defense contractors like Raytheon, Lockheed Martin, and BAE Systems.
Investment and Funding Scenario
- Large government defense budgets and strategic partnerships drive investments. Private sector R&D primarily funded by military contracts and innovation programs.
Market Estimation Process
Primary & Secondary Approach
The Precision-Guided Munitions (PGM) is analyzed by both primary and secondary research sources. There are numerous methodologies available to navigate and utilize these resources effectively:Surveys and Questionnaires: Getting feedback from healthcare professionals, patients, or any other stakeholders on a particular topic. It is a great method to collect quantitative data on behaviors, preferences, and/or experiences.
One on Ones: Interviews with key stakeholders, including physicians, nurses, and administrators can yield rich qualitative data. The interviews can be divided into structured, semi-structured, or unstructured.
Focus Groups: Pull together small numbers of people who share a common characteristic, trait, or behavior to discuss particular topics. Focus Groups: This offers qualitative data and points of view that are often overlooked, such as attitudes, perceptions, or other statements relating to a specific platform.
Observational Studies: Understanding healthcare practices and patient interactions in the way we do it can say a lot more than what people formally report doing.
Field Studies: This method allows researchers to collect data firsthand from healthcare settings, including hospitals, clinics, and even home. It is a way to touch and feel the context that drives service delivery in healthcare.
Secondary Research in Precision-Guided Munitions (PGM)
Secondary research is a kind of revising, restructuring, and rethinking what has already been collected by primary sources. Such research is beneficial as long as it comes at a low cost and gives an overarching view of the market. Some of the important methods include:
Literature Review: To go through the research papers, articles, and studies published in medical journals, industry reports, and academic publications. This is crucial for understanding the study landscape and identifying knowledge deficits.
Reports From the Industry: It aims in examining reports published by Market Research firms, Healthcare Associations, and Government bodies. This report can also be used by all stakeholders including service providers and delivery chains across the world to identify market opportunities in an undetermined depth.
Public Health Records: Data collected by governments and public health authorities in different countries of the world from organizations with global reach like CDC, WHO, or national departments. These are important because they provide us with epidemiological data and numbers.
Company Reports: Read the annual reports, financial statements, and press releases of healthcare companies. It includes company performance reports, market strategies, and competitive positioning for this domain.
Online Databases: You understand the access to databases like PubMed, MEDLINE, and even Google Scholar for scientific articles and study materials. Some of these databases are treasure troves for peer-reviewed data.
Media Sources: Analyzing news articles, press releases, and media coverage related to the healthcare industry. This helps in staying updated on recent developments and emerging trends.
A blended approach of primary and secondary research methods allows researchers to collect well-rounded, solid data that informs the best decisions and strategies.
Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.Report Infographics:
| Report Features | Details |
| Base Year | 2025 |
| Based Year Market Size (2025) | 18Billion |
| Historical Period Market Size (2020) | 12Billion |
| CAGR (2025 to 2033) | 8% |
| Forecast Period | 2025 to 2033 |
| Forecasted Period Market Size (2033) | 35Billion |
| Scope of the Report | Laser-guided,GPS-guided,Infrared-guided,Electro-optical, Precision strike,Targeted demolition,Defense operations,Counter-terrorism,Naval warfare |
| Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
| Year on Year Growth | 7% |
| Companies Covered | Raytheon Technologies (USA),Lockheed Martin (USA),Boeing (USA),Northrop Grumman (USA),BAE Systems (UK),Thales Group (France),Rafael Advanced Defense Systems (Israel),MBDA (Europe),General Dynamics (USA),Textron (USA),L3Harris Technologies (USA),Leonardo (Italy),Hanwha (South Korea),Elbit Systems (Israel) |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Precision-Guided Munitions (PGM) - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Precision-Guided Munitions (PGM) Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Precision-Guided Munitions (PGM) Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Precision-Guided Munitions (PGM) Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Military modernization
- 3.1.2 Accuracy demand
- 3.1.3 Reduced collateral damage
- 3.1.4 Cost efficiency
-
3.2 Available Opportunities
- 3.2.1 Export markets
- 3.2.2 Defense contracts
- 3.2.3 Upgrades
- 3.2.4 UAV integration
- 3.2.5 Anti-t
-
3.3 Influencing Trends
- 3.3.1 Autonomous guidance
- 3.3.2 AI targeting
- 3.3.3 Multi-mode seekers
- 3.3.4 Miniaturizat
-
3.4 Challenges
- 3.4.1 Cost
- 3.4.2 Export restrictions
- 3.4.3 Countermeasures
- 3.4.4 Development complexity
- 3.4.5
- 3.5 Regional Dynamics
Need only Qualitative Analysis? Get Prices
Sectional Purchase
Chapter 4 : Global Precision-Guided Munitions (PGM) 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 Munitions (PGM) 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 Munitions (PGM) : Competition Benchmarking & Performance Evaluation
- 5.1 Global Precision-Guided Munitions (PGM) 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 Munitions (PGM) Revenue 2025
- 5.3 Global Precision-Guided Munitions (PGM) Sales Volume by Manufacturers (2025)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 Ansoff Matrix
- 5.6 FPNV Positioning Matrix
Chapter 6: Global Precision-Guided Munitions (PGM) Market: Company Profiles
- 6.1 Raytheon Technologies (USA)
- 6.1.1 Raytheon Technologies (USA) Company Overview
- 6.1.2 Raytheon Technologies (USA) Product/Service Portfolio & Specifications
- 6.1.3 Raytheon Technologies (USA) Key Financial Metrics
- 6.1.4 Raytheon Technologies (USA) SWOT Analysis
- 6.1.5 Raytheon Technologies (USA) Development Activities
- 6.2 Lockheed Martin (USA)
- 6.3 Boeing (USA)
- 6.4 Northrop Grumman (USA)
- 6.5 BAE Systems (UK)
- 6.6 Thales Group (France)
- 6.7 Rafael Advanced Defense Systems (Israel)
- 6.8 MBDA (Europe)
- 6.9 General Dynamics (USA)
- 6.10 Textron (USA)
- 6.11 L3Harris Technologies (USA)
- 6.12 Leonardo (Italy)
- 6.13 Hanwha (South Korea)
- 6.14 Elbit Systems (Israel)
- 6.15 Saab AB (Sweden)
To View a Complete List of Players? Inquiry Now
Sectional Purchase
Chapter 7 : Global Precision-Guided Munitions (PGM) by Type & Application (2020-2033)
-
7.1 Global Precision-Guided Munitions (PGM) Market Revenue Analysis (USD Million) by Type (2020-2025)
- 7.1.1 Laser-guided
- 7.1.2 GPS-guided
- 7.1.3 Infrared-guided
- 7.1.4 Electro-optical
- 7.1.5 Combined Guidance
-
7.2 Global Precision-Guided Munitions (PGM) Market Revenue Analysis (USD Million) by Application (2020-2025)
- 7.2.1 Precision Strike
- 7.2.2 Targeted Demolition
- 7.2.3 Defense Operations
- 7.2.4 Counter-terrorism
- 7.2.5 Naval Warfare
- 7.3 Global Precision-Guided Munitions (PGM) Market Revenue Analysis (USD Million) by Type (2025-2033)
- 7.4 Global Precision-Guided Munitions (PGM) Market Revenue Analysis (USD Million) by Application (2025-2033)
Chapter 8 : North America Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 8.1 North America Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 8.2.1 Laser-guided
- 8.2.2 GPS-guided
- 8.2.3 Infrared-guided
- 8.2.4 Electro-optical
- 8.2.5 Combined Guidance
-
8.3 North America Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 8.3.1 Precision Strike
- 8.3.2 Targeted Demolition
- 8.3.3 Defense Operations
- 8.3.4 Counter-terrorism
- 8.3.5 Naval Warfare
- 8.4 North America Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 8.5 North America Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 8.6 North America Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Looking for Section Purchase? Get Quote Now
Sectional Purchase
Chapter 9 : LATAM Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 9.1 LATAM Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 9.2.1 Laser-guided
- 9.2.2 GPS-guided
- 9.2.3 Infrared-guided
- 9.2.4 Electro-optical
- 9.2.5 Combined Guidance
-
9.3 LATAM Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 9.3.1 Precision Strike
- 9.3.2 Targeted Demolition
- 9.3.3 Defense Operations
- 9.3.4 Counter-terrorism
- 9.3.5 Naval Warfare
- 9.4 LATAM Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 9.5 LATAM Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 9.6 LATAM Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 10 : West Europe Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 10.1 West Europe Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 10.2.1 Laser-guided
- 10.2.2 GPS-guided
- 10.2.3 Infrared-guided
- 10.2.4 Electro-optical
- 10.2.5 Combined Guidance
-
10.3 West Europe Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 10.3.1 Precision Strike
- 10.3.2 Targeted Demolition
- 10.3.3 Defense Operations
- 10.3.4 Counter-terrorism
- 10.3.5 Naval Warfare
- 10.4 West Europe Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 10.5 West Europe Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 10.6 West Europe Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 11 : Central & Eastern Europe Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 11.2.1 Laser-guided
- 11.2.2 GPS-guided
- 11.2.3 Infrared-guided
- 11.2.4 Electro-optical
- 11.2.5 Combined Guidance
-
11.3 Central & Eastern Europe Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 11.3.1 Precision Strike
- 11.3.2 Targeted Demolition
- 11.3.3 Defense Operations
- 11.3.4 Counter-terrorism
- 11.3.5 Naval Warfare
- 11.4 Central & Eastern Europe Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 11.5 Central & Eastern Europe Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 11.6 Central & Eastern Europe Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 12 : Northern Europe Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 12.2.1 Laser-guided
- 12.2.2 GPS-guided
- 12.2.3 Infrared-guided
- 12.2.4 Electro-optical
- 12.2.5 Combined Guidance
-
12.3 Northern Europe Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 12.3.1 Precision Strike
- 12.3.2 Targeted Demolition
- 12.3.3 Defense Operations
- 12.3.4 Counter-terrorism
- 12.3.5 Naval Warfare
- 12.4 Northern Europe Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 12.5 Northern Europe Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 12.6 Northern Europe Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 13 : Southern Europe Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 13.2.1 Laser-guided
- 13.2.2 GPS-guided
- 13.2.3 Infrared-guided
- 13.2.4 Electro-optical
- 13.2.5 Combined Guidance
-
13.3 Southern Europe Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 13.3.1 Precision Strike
- 13.3.2 Targeted Demolition
- 13.3.3 Defense Operations
- 13.3.4 Counter-terrorism
- 13.3.5 Naval Warfare
- 13.4 Southern Europe Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 13.5 Southern Europe Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 13.6 Southern Europe Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 14 : East Asia Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 14.1 East Asia Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 14.2.1 Laser-guided
- 14.2.2 GPS-guided
- 14.2.3 Infrared-guided
- 14.2.4 Electro-optical
- 14.2.5 Combined Guidance
-
14.3 East Asia Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 14.3.1 Precision Strike
- 14.3.2 Targeted Demolition
- 14.3.3 Defense Operations
- 14.3.4 Counter-terrorism
- 14.3.5 Naval Warfare
- 14.4 East Asia Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 14.5 East Asia Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 14.6 East Asia Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 15 : Southeast Asia Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 15.2.1 Laser-guided
- 15.2.2 GPS-guided
- 15.2.3 Infrared-guided
- 15.2.4 Electro-optical
- 15.2.5 Combined Guidance
-
15.3 Southeast Asia Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 15.3.1 Precision Strike
- 15.3.2 Targeted Demolition
- 15.3.3 Defense Operations
- 15.3.4 Counter-terrorism
- 15.3.5 Naval Warfare
- 15.4 Southeast Asia Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 15.5 Southeast Asia Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 15.6 Southeast Asia Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 16 : South Asia Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 16.1 South Asia Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 16.2.1 Laser-guided
- 16.2.2 GPS-guided
- 16.2.3 Infrared-guided
- 16.2.4 Electro-optical
- 16.2.5 Combined Guidance
-
16.3 South Asia Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 16.3.1 Precision Strike
- 16.3.2 Targeted Demolition
- 16.3.3 Defense Operations
- 16.3.4 Counter-terrorism
- 16.3.5 Naval Warfare
- 16.4 South Asia Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 16.5 South Asia Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 16.6 South Asia Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 17 : Central Asia Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 17.1 Central Asia Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 17.2.1 Laser-guided
- 17.2.2 GPS-guided
- 17.2.3 Infrared-guided
- 17.2.4 Electro-optical
- 17.2.5 Combined Guidance
-
17.3 Central Asia Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 17.3.1 Precision Strike
- 17.3.2 Targeted Demolition
- 17.3.3 Defense Operations
- 17.3.4 Counter-terrorism
- 17.3.5 Naval Warfare
- 17.4 Central Asia Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 17.5 Central Asia Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 17.6 Central Asia Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 18 : Oceania Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 18.1 Oceania Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 18.2.1 Laser-guided
- 18.2.2 GPS-guided
- 18.2.3 Infrared-guided
- 18.2.4 Electro-optical
- 18.2.5 Combined Guidance
-
18.3 Oceania Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 18.3.1 Precision Strike
- 18.3.2 Targeted Demolition
- 18.3.3 Defense Operations
- 18.3.4 Counter-terrorism
- 18.3.5 Naval Warfare
- 18.4 Oceania Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 18.5 Oceania Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 18.6 Oceania Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2026-2033]
Chapter 19 : MEA Precision-Guided Munitions (PGM) Market Breakdown by Country, Type & Application
- 19.1 MEA Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2020-2025]
- 19.2.1 Laser-guided
- 19.2.2 GPS-guided
- 19.2.3 Infrared-guided
- 19.2.4 Electro-optical
- 19.2.5 Combined Guidance
-
19.3 MEA Precision-Guided Munitions (PGM) Market by Application (USD Million) & Sales Volume (Units) [2020-2025]
- 19.3.1 Precision Strike
- 19.3.2 Targeted Demolition
- 19.3.3 Defense Operations
- 19.3.4 Counter-terrorism
- 19.3.5 Naval Warfare
- 19.4 MEA Precision-Guided Munitions (PGM) Market by Country (USD Million) & Sales Volume (Units) [2026-2033]
- 19.5 MEA Precision-Guided Munitions (PGM) Market by Type (USD Million) & Sales Volume (Units) [2026-2033]
- 19.6 MEA Precision-Guided Munitions (PGM) 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 Munitions (PGM) Market is growing at a steady pace over the last few years and is expected to grow at a CAGR of 8% from 2025 to 2033 to reach a market size of 8% 35 Billion
The Precision-Guided Munitions (PGM) Market is growing at a CAGR of 8% over the forecasted period 2025 - 2033.
Some of the prominent trends that are influencing and driving the growth of Global Precision-Guided Munitions (PGM) Market are Autonomous Guidance,AI Targeting,Multi-mode Seekers,Miniaturization,Network-centric Warfare
- Military Modernization
- Accuracy Demand
- Reduced Collateral Damage
- Cost Efficiency
- Technological Advances
Some of the major challanges seen in Global Precision-Guided Munitions (PGM) Market are Cost,Export Restrictions,Countermeasures,Development Complexity,Ethical Concerns.
The market opportunity is clear from the flow of investment into Global Precision-Guided Munitions (PGM) Market, some of them are Export Markets,Defense Contracts,Upgrades,UAV Integration,Anti-terrorism.
New entrants, including competitors from unrelated industries along with players such as Raytheon Technologies (USA),Lockheed Martin (USA),Boeing (USA),Northrop Grumman (USA),BAE Systems (UK),Thales Group (France),Rafael Advanced Defense Systems (Israel),MBDA (Europe),General Dynamics (USA),Textron (USA),L3Harris Technologies (USA),Leonardo (Italy),Hanwha (South Korea),Elbit Systems (Israel),Saab AB (Sweden) Instituting a robust process in Global Precision-Guided Munitions (PGM) Market.
The Global Precision-Guided Munitions (PGM) Market Study is Broken down by applications such as Precision strike,Targeted demolition,Defense operations,Counter-terrorism,Naval warfare.
The Global Precision-Guided Munitions (PGM) Market Study is segmented by Laser-guided,GPS-guided,Infrared-guided,Electro-optical,Combined guidance.
The Global Precision-Guided Munitions (PGM) 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
Historical Year: 2020 - Base year: 2025. Forecast period**: 2025 to 2033 [** unless otherwise stated]
PGMs are weapons equipped with guidance systems (laser, GPS, infrared) to improve accuracy, reduce collateral damage, and increase mission effectiveness. Used by military forces globally, they represent a key advancement in modern warfare enabling targeted strikes with minimal unintended consequences.
