Precision Guided Munitions Pgm Guidance Kits Market
Precision Guided Munitions (PGM) Guidance Kits Market Forecasts to 2030 - Global Analysis By Type (Laser Guidance Kits, GPS/INS Guidance Kits, Infrared (IR) Guidance Kits, Radar Homing Guidance Kits, Semi-Active & Active Homing Kits and Other Types), Platform, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Precision Guided Munitions (PGM) Guidance Kits Market is accounted for $44.2 billion in 2024 and is expected to reach $75.7 billion by 2030 growing at a CAGR of 9.4% during the forecast period. Precision Guided Munitions (PGM) guidance kits are advanced systems designed to enhance the accuracy and effectiveness of munitions, such as bombs, missiles, and artillery shells. These kits integrate sophisticated guidance technologies, including GPS, laser guidance, and inertial navigation systems, to steer the munition precisely towards its target. By enabling mid-flight course corrections, PGM guidance kits significantly reduce the margin of error, ensuring high-accuracy strikes and minimizing collateral damage. Their ability to adapt to changing conditions and provide real-time targeting information makes them a critical component in modern warfare, enhancing the overall effectiveness of armed forces
According to data provided by the CRS in July 2024, the U.S. military spent around USD 6000 million on selected PGMs in FY2021, around USD 7000 million in FY2022, and around USD 9000 million in FY2023.
Market Dynamics:
Driver:
Increasing demand for high-precision weaponry
Modern warfare evolves, the need for accurate and reliable munitions has become paramount to minimize collateral damage and enhance mission success. PGMs, equipped with advanced guidance systems, offer unparalleled accuracy, making them essential for targeting high-value assets and fortified positions. The integration of technologies such as GPS, laser guidance, and infrared sensors further enhances the precision of these munitions which boosts the market growth.
Restraint:
High development and procurement costs
Developing next-generation targeting systems, such as AI-driven autonomous guidance and hypersonic missile tracking, requires extensive research and development investments. Additionally, the procurement and maintenance of these sophisticated systems contribute to higher defense expenditures. For smaller military forces with limited budgets, the cost of acquiring and upgrading PGMs can be a major constraint hampering the growth of the market.
Opportunity:
Growing threats from asymmetric warfare and terrorism
Armed forces and counterterrorism units rely on PGMs to neutralize high-value targets with minimal collateral damage in urban and remote environments. The demand for smart munitions in special operations and border security missions is rising, particularly in conflict-prone regions. Additionally, drone-based PGMs have become crucial in counterinsurgency operations, allowing for real-time targeting of threats drive the demand for advanced guidance kits.
Threat:
Ethical and legal concerns over autonomous weapons
Integration of autonomous capabilities in PGMs raises questions about accountability, decision-making, and the potential for unintended consequences. The use of autonomous weapons in conflict zones can lead to ethical dilemmas and legal challenges, impacting their deployment and acceptance. Addressing these concerns requires the establishment of clear guidelines and regulations to ensure the responsible use of autonomous technologies impeding the market growth.
Covid-19 Impact
The COVID-19 pandemic has had a mixed impact on the PGM Guidance Kits market. On one hand, the increased focus on national security and defense readiness during the pandemic has driven the demand for advanced munitions. The need for remote and contactless operations has also highlighted the value of PGMs in maintaining operational capabilities. On the other hand, disruptions in supply chains and manufacturing processes have led to delays and increased costs.
The laser guidance kits segment is expected to be the largest during the forecast period
The laser guidance kits segment is expected to account for the largest market share during the forecast period owing to their ability to deliver pinpoint accuracy in high-intensity combat scenarios has led to widespread adoption by major defense forces. Additionally, the integration of advanced laser targeting technologies with UAVs and autonomous platforms is further boosting demand. As military forces continue to invest in precision airstrikes and tactical ground operations, laser guidance kits are expected to maintain their market dominance.
The anti-radiation guidance segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the anti-radiation guidance segment is predicted to witness the highest growth rate driven by the increasing need for electronic warfare and counter-radar operations. These munitions are designed to detect and neutralize enemy radar systems, making them essential for suppression of enemy air defenses (SEAD) missions. As adversaries continue to develop advanced radar-based detection and targeting systems, demand for anti-radiation PGMs is rising. The development of next-generation homing and tracking technologies further enhances their operational effectiveness.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share driven by significant defense budgets and ongoing military modernization programs. The United States, in particular, is at the forefront of precision-strike capabilities, with heavy investments in hypersonic weapons, AI-powered targeting systems, and smart munitions. Additionally, extensive military collaborations, strategic defense initiatives, and NATO partnerships contribute to market growth in this region.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR driven by rising geopolitical tensions, increased military expenditures, and defense modernization efforts. Countries such as China, India, South Korea, and Japan are heavily investing in precision-strike technologies to enhance their strategic deterrence capabilities. The growing focus on border security, counterterrorism operations, and naval defense modernization is fuelling demand for PGMs in the region.
Key players in the market
Some of the key players in Precision Guided Munitions (PGM) Guidance Kits market include Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies, General Dynamics Corporation, Boeing Company, BAE Systems, Elbit Systems, Israel Aerospace Industries, Kongsberg Gruppen, Leonardo S.p.A., MBDA, Rheinmetall AG, Saab AB, Thales Group, General Atomics and Thales.
Key Developments:
In February 2025, Northrop Grumman Corporation and Hanwha have signed a Memorandum of Understanding (MOU) in connection with the Republic of Korea’s Mine Countermeasures Helicopter (KMCH) program. The agreement supports Northrop Grumman’s longstanding industrial cooperation.
In February 2025, Raytheon, an RTX business has successfully completed flight testing on the first-ever AI/ML-powered Radar Warning Receiver (RWR) system for a fourth-generation aircraft.
Types Covered:
• Laser Guidance Kits
• GPS/INS Guidance Kits
• Infrared (IR) Guidance Kits
• Radar Homing Guidance Kits
• Semi-Active & Active Homing Kits
• Other Types
Platforms Covered:
• Air-Based Guidance Kits
• Land-Based Guidance Kits
• Naval-Based Guidance Kits
Technologies Covered:
• Inertial Navigation System (INS) Guidance
• Electro-Optical/Infrared (EO/IR) Guidance
• Anti-Radiation Guidance
• Dual-Mode Guidance
• Other Technologies
Applications Covered:
• Air-to-Ground Strikes
• Anti-Tank & Ground Combat Operations
• Naval Warfare
• Air-to-Air Combat
• Suppression of Enemy Air Defenses
• Long-Range Strategic Strikes
• Border Security & Counterinsurgency Operations
• Other Applications
End Users Covered:
• Military
• Defense Contractors
• Government Agencies
• Other End Users
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 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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
Table of Contents
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 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
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 Munitions (PGM) Guidance Kits Market, By Type
5.1 Introduction
5.2 Laser Guidance Kits
5.3 GPS/INS Guidance Kits
5.4 Infrared (IR) Guidance Kits
5.5 Radar Homing Guidance Kits
5.6 Semi-Active & Active Homing Kits
5.7 Other Types
6 Global Precision Guided Munitions (PGM) Guidance Kits Market, By Platform
6.1 Introduction
6.2 Air-Based Guidance Kits
6.3 Land-Based Guidance Kits
6.4 Naval-Based Guidance Kits
7 Global Precision Guided Munitions (PGM) Guidance Kits Market, By Technology
7.1 Introduction
7.2 Inertial Navigation System (INS) Guidance
7.3 Electro-Optical/Infrared (EO/IR) Guidance
7.4 Anti-Radiation Guidance
7.5 Dual-Mode Guidance
7.6 Other Technologies
8 Global Precision Guided Munitions (PGM) Guidance Kits Market, By Application
8.1 Introduction
8.2 Air-to-Ground Strikes
8.3 Anti-Tank & Ground Combat Operations
8.4 Naval Warfare
8.5 Air-to-Air Combat
8.6 Suppression of Enemy Air Defenses
8.7 Long-Range Strategic Strikes
8.8 Border Security & Counterinsurgency Operations
8.9 Other Applications
9 Global Precision Guided Munitions (PGM) Guidance Kits Market, By End User
9.1 Introduction
9.2 Military
9.3 Defense Contractors
9.4 Government Agencies
9.5 Other End Users
10 Global Precision Guided Munitions (PGM) Guidance Kits 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 Lockheed Martin Corporation
12.2 Northrop Grumman Corporation
12.3 Raytheon Technologies
12.4 General Dynamics Corporation
12.5 Boeing Company
12.6 BAE Systems
12.7 Elbit Systems
12.8 Israel Aerospace Industries
12.9 Kongsberg Gruppen
12.10 Leonardo S.p.A.
12.11 MBDA
12.12 Rheinmetall AG
12.13 Saab AB
12.14 Thales Group
12.15 General Atomics
12.16 Thales
List of Tables
1 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Region (2022-2030) ($MN)
2 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Type (2022-2030) ($MN)
3 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Laser Guidance Kits (2022-2030) ($MN)
4 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By GPS/INS Guidance Kits (2022-2030) ($MN)
5 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Infrared (IR) Guidance Kits (2022-2030) ($MN)
6 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Radar Homing Guidance Kits (2022-2030) ($MN)
7 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Semi-Active & Active Homing Kits (2022-2030) ($MN)
8 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Other Types (2022-2030) ($MN)
9 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Platform (2022-2030) ($MN)
10 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Air-Based Guidance Kits (2022-2030) ($MN)
11 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Land-Based Guidance Kits (2022-2030) ($MN)
12 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Naval-Based Guidance Kits (2022-2030) ($MN)
13 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Technology (2022-2030) ($MN)
14 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Inertial Navigation System (INS) Guidance (2022-2030) ($MN)
15 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Electro-Optical/Infrared (EO/IR) Guidance (2022-2030) ($MN)
16 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Anti-Radiation Guidance (2022-2030) ($MN)
17 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Dual-Mode Guidance (2022-2030) ($MN)
18 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Other Technologies (2022-2030) ($MN)
19 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Application (2022-2030) ($MN)
20 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Air-to-Ground Strikes (2022-2030) ($MN)
21 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Anti-Tank & Ground Combat Operations (2022-2030) ($MN)
22 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Naval Warfare (2022-2030) ($MN)
23 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Air-to-Air Combat (2022-2030) ($MN)
24 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Suppression of Enemy Air Defenses (2022-2030) ($MN)
25 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Long-Range Strategic Strikes (2022-2030) ($MN)
26 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Border Security & Counterinsurgency Operations (2022-2030) ($MN)
27 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Other Applications (2022-2030) ($MN)
28 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By End User (2022-2030) ($MN)
29 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Military (2022-2030) ($MN)
30 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Defense Contractors (2022-2030) ($MN)
31 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Government Agencies (2022-2030) ($MN)
32 Global Precision Guided Munitions (PGM) Guidance Kits Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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