United States Extended Range Munition Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.6 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The US Extended Range Munition market is witnessing significant growth, driven by technological advancements and increasing defense needs. Extended Range Munition (ERM) refers to ammunition designed to travel over longer distances with enhanced precision and effectiveness. As global security concerns rise, industries such as defense, military, and aerospace are actively investing in these advanced systems. These industries require munitions capable of hitting targets accurately, even at extended ranges, which is why the demand for ERM has escalated in recent years.
The defense sector is the primary driver of the Extended Range Munition market. With military operations becoming more complex and geographically expansive, the need for long-range capabilities has never been greater. ERMs are crucial in modern warfare, allowing military forces to engage adversaries from a safer distance while maintaining high accuracy and reducing collateral damage. As the US military shifts towards more sophisticated and technology-driven warfare, ERM systems have become indispensable. Their importance is expected to grow, with substantial investments being made in their development and procurement.
Industries beyond defense, including aerospace and commercial sectors, are also exploring the use of Extended Range Munitions. In aerospace, ERMs play a critical role in supporting surveillance, reconnaissance, and strike missions, with the ability to deliver precise payloads across large distances. In addition, industries in logistics and infrastructure security are beginning to recognize the benefits of ERM for their long-range security and response capabilities. This cross-industry interest is propelling the growth of the ERM market.
The demand for ERM is not only driven by technological innovation but also by the ever-evolving geopolitical landscape. With nations investing heavily in defense systems to secure their borders and assert their presence on the global stage, the US Extended Range Munition market continues to expand. As global tensions increase, the demand for these munitions is expected to rise steadily, ensuring a thriving market for years to come.
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Raytheon Company
Rheinmetall AG
Elbit Systems
EXPAL Systems
BAE Systems
Alliant Techsystems Inc.
Lockheed Martin
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Extended Range Munition Market
Guided Munitions
Unguided Munitions
Smart Munitions
Ballistic Munitions
Assault Munitions
Ground Forces
Aerial Forces
Navy and Maritime Forces
Special Operations
Counter-terrorism Operations
Electro-Optical Technology
Laser Guidance Technology
Inertial Navigation Systems
GPS Guidance Technology
Hybrid Guidance Systems
Airborne Launch Platforms
Ground-based Launch Platforms
Naval Launch Platforms
Unmanned Aerial Vehicles (UAVs)
Missile Launch Systems
Military
Defense Contractors
Government Agencies
Private Security Firms
International Organizations
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Extended Range Munition Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Extended Range Munition Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Extended Range Munition Market, By Type
6. US Extended Range Munition Market, By Application
7. US Extended Range Munition Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Extended Range Munition Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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