Extended Range Munition Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 9.5% from 2026 to 2033, reaching USD 3.2 Billion by 2033.
The global extended range munition market has been expanding due to the increasing demand for precision and efficiency in military operations. The rising need for enhanced long-range artillery systems, coupled with growing defense budgets, has spurred market growth. Major regions such as North America, Europe, and Asia Pacific are witnessing high demand for extended range munitions, driven by modernization programs and technological advancements. The market is also bolstered by the demand for multi-role capabilities in artillery systems, with an emphasis on reducing collateral damage and improving targeting precision. The defense sector’s shift toward next-generation munitions, along with rising geopolitical tensions, continues to create lucrative growth opportunities. As military forces around the world invest in innovative long-range munitions, market players are focusing on research and development to offer products that meet evolving operational needs.
The scope of the global extended range munition market is vast, with opportunities for growth in both established and emerging markets. As countries modernize their military forces, there is an increased focus on integrating advanced technologies like GPS and laser guidance into munitions. This trend not only improves target accuracy but also enhances the overall effectiveness of artillery systems. The market is also seeing potential growth from non-state actors and defense contractors looking to meet the rising demand for specialized military solutions. Additionally, ongoing advancements in materials and manufacturing technologies are expected to drive down costs and improve the efficiency of extended range munitions. With these factors in mind, the market is poised for long-term expansion, presenting new opportunities for manufacturers, defense contractors, and governments aiming to stay ahead in the evolving defense landscape.
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Raytheon Company
Rheinmetall AG
Elbit Systems
EXPAL Systems
BAE Systems
Alliant Techsystems Inc.
Lockheed Martin
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 Global 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 Global 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. Global Extended Range Munition Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Extended Range Munition Market, By Type
6. Global Extended Range Munition Market, By Application
7. Global Extended Range Munition Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Extended Range Munition Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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