Precision Guided Munition - Global Market Outlook (2018-2027)

Precision Guided Munition - Global Market Outlook (2018-2027)

  • Published: September 2019
  • ID: SMRC18647

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 - 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

Products Covered:
• Guided Ammunition
• Guided Rockets
• Loitering Munitions
• Tactical Missiles

Technologies Covered:
• Anti-Radiation
• Global Positioning System (GPS)
• Inertial Navigation System (INS)
• Infrared
• Radar Homing
• Semi-Active Lasers
• Other Technology

Speeds Covered:
• Hypersonic
• Non-Hypersonic

Applications Covered:
• Airborne
• Land-Based
• Naval

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o 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 Product Analysis        
 3.7 Technology Analysis       
 3.8 Application Analysis       
 3.9 Emerging Markets        
 3.10 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 1         
 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          
1 Global Precision Guided Munition Market Outlook, By Region (2017-2027) ($MN)   
2 Global Precision Guided Munition Market Outlook, By Type (2017-2027) ($MN)   
3 Global Precision Guided Munition Market Outlook, By Autonomous (2017-2027) ($MN)  
4 Global Precision Guided Munition Market Outlook, By Semi-Autonomous (2017-2027) ($MN)  
5 Global Precision Guided Munition Market Outlook, By Product (2017-2027) ($MN)   
6 Global Precision Guided Munition Market Outlook, By Guided Ammunition (2017-2027) ($MN) 
7 Global Precision Guided Munition Market Outlook, By Guided Artillery Shells (2017-2027) ($MN) 
8 Global Precision Guided Munition Market Outlook, By Guided Guided Bombs (2017-2027) ($MN) 
9 Global Precision Guided Munition Market Outlook, By Guided Bullets (2017-2027) ($MN)  
10 Global Precision Guided Munition Market Outlook, By Guided Guided Mortar (2017-2027) ($MN) 
11 Global Precision Guided Munition Market Outlook, By Guided Rockets (2017-2027) ($MN)  
12 Global Precision Guided Munition Market Outlook, By Air-To-Surface (2017-2027) ($MN)  
13 Global Precision Guided Munition Market Outlook, By Surface-To-Air (2017-2027) ($MN)  
14 Global Precision Guided Munition Market Outlook, By Surface-To-Surface (2017-2027) ($MN)  
15 Global Precision Guided Munition Market Outlook, By Loitering Munitions (2017-2027) ($MN)  
16 Global Precision Guided Munition Market Outlook, By Tactical Missiles (2017-2027) ($MN)  
17 Global Precision Guided Munition Market Outlook, By Air-To-Air (2017-2027) ($MN)  
18 Global Precision Guided Munition Market Outlook, By Air-To-Surface (2017-2027) ($MN)  
19 Global Precision Guided Munition Market Outlook, By Subsea-To-Surface (2017-2027) ($MN)  
20 Global Precision Guided Munition Market Outlook, By Surface-To-Air (2017-2027) ($MN)  
21 Global Precision Guided Munition Market Outlook, By Surface-To-Surface (2017-2027) ($MN)  
22 Global Precision Guided Munition Market Outlook, By Technology (2017-2027) ($MN)  
23 Global Precision Guided Munition Market Outlook, By Anti-Radiation (2017-2027) ($MN)  
24 Global Precision Guided Munition Market Outlook, By Global Positioning System (GPS) (2017-2027) ($MN)
25 Global Precision Guided Munition Market Outlook, By Inertial Navigation System (INS) (2017-2027) ($MN)
26 Global Precision Guided Munition Market Outlook, By Infrared (2017-2027) ($MN)   
27 Global Precision Guided Munition Market Outlook, By Infinite Impulse Response (IIR) Homing (2017-2027) ($MN)
28 Global Precision Guided Munition Market Outlook, By Infrared Homing (IR) Homing (2017-2027) ($MN) 
29 Global Precision Guided Munition Market Outlook, By Radar Homing (2017-2027) ($MN)  
30 Global Precision Guided Munition Market Outlook, By Active Homing (2017-2027) ($MN)  
31 Global Precision Guided Munition Market Outlook, By Semi-Active Homing (2017-2027) ($MN) 
32 Global Precision Guided Munition Market Outlook, By Semi-Active Lasers (2017-2027) ($MN)  
33 Global Precision Guided Munition Market Outlook, By Other Technology (2017-2027) ($MN)  
34 Global Precision Guided Munition Market Outlook, By Speed (2017-2027) ($MN)   
35 Global Precision Guided Munition Market Outlook, By Hypersonic (2017-2027) ($MN)  
36 Global Precision Guided Munition Market Outlook, By Non-Hypersonic (2017-2027) ($MN)  
37 Global Precision Guided Munition Market Outlook, By Application (2017-2027) ($MN)  
38 Global Precision Guided Munition Market Outlook, By Airborne (2017-2027) ($MN)   
39 Global Precision Guided Munition Market Outlook, By Land-Based (2017-2027) ($MN)  
40 Global Precision Guided Munition Market Outlook, By Naval (2017-2027) ($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.

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