North America Guided Ammunition Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 11.5% from 2024 to 2030.
The North America guided ammunition market is rapidly evolving as technological advancements in precision-guided munitions (PGMs) continue to gain traction across various industries, particularly defense and law enforcement. This market's growth is largely driven by the increasing demand for enhanced accuracy, reduced collateral damage, and improved operational efficiency. As North America security concerns rise, defense agencies in North America are investing heavily in state-of-the-art guided ammunition solutions to meet the needs of modern warfare and peacekeeping operations.
Guided ammunition, commonly referred to as smart weapons, integrates advanced guidance systems such as GPS, laser, infrared, and imaging seekers to provide greater accuracy compared to traditional munitions. The primary application of guided ammunition is within military operations, specifically in precision strikes, counterterrorism, and anti-terrorism campaigns. These weapons significantly reduce the risk of unintended damage, making them ideal for urban warfare scenarios and sensitive missions where minimizing civilian casualties is critical.
Industries are placing high requirements on guided ammunition for both offensive and defensive purposes. Military agencies, including the U.S. Department of Defense, have been key drivers in this sector's growth by demanding ammunition that can operate effectively in complex environments like urban centers, forests, and mountains. Additionally, law enforcement and security services are increasingly turning to guided ammunition for situations involving hostage rescues or high-risk targets, where precision is crucial for mission success.
In North America, the integration of artificial intelligence (AI) and machine learning (ML) into guided ammunition technology has further expanded its potential. With the ability to adapt in real-time and correct trajectories mid-flight, these advancements provide increased flexibility and success rates in missions. Furthermore, the ability to track moving targets and adjust targeting parameters in-flight has made guided munitions indispensable to military and defense strategies.
The North America guided ammunition market continues to grow as these technologies revolutionize warfare, with the promise of increasing safety, precision, and tactical efficiency.
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General Dynamics Corporation
BAE Systems
Northrop Grumman
Lockheed Martin
The Boeing Co.
Raytheon Company
Textron
L-3 Communications
Israel Aerospace Industries
Northrop Grumman Corporation
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 North America Guided Ammunition Market
Air
Naval
Land
Based on Types the Market is categorized into Below types that held the largest Guided Ammunition market share In 2023.
Laser
Radar
Infrared
GPS
Others
North America (United States, North America 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 North America Guided Ammunition 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. North America Guided Ammunition Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Guided Ammunition Market, By Type
6. North America Guided Ammunition Market, By Application
7. North America Guided Ammunition Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Guided Ammunition Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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