Guided Ammunition Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 6.3 Billion by 2030, growing at a CAGR of 12.0% from 2024 to 2030.
The guided ammunition market was valued at approximately USD 8.5 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of around 7.2% from 2023 to 2030. This growth trajectory is driven by advancements in precision-guided technologies and increasing defense budgets globally. The integration of cutting-edge technologies such as GPS and laser guidance systems in ammunition is enhancing targeting accuracy and effectiveness, thereby driving the market demand. The growing emphasis on modernizing military arsenals and the rise in asymmetric warfare tactics are further propelling the market expansion.Emerging market reports highlight significant opportunities in regions such as Asia-Pacific and the Middle East, where increasing defense expenditures and military modernization programs are prominent. In particular, the expanding defense infrastructure and evolving threat landscapes in these regions are expected to boost demand for guided ammunition. Additionally, the rise in geopolitical tensions and the need for improved precision in military operations are fostering market growth. The development of advanced guided munitions for both air and ground systems is creating new avenues for market players, making these regions particularly lucrative for investment and growth in the coming years.
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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 Global 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
Global (United States, Global 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 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. Global Guided Ammunition Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Guided Ammunition Market, By Type
6. Global Guided Ammunition Market, By Application
7. Global Guided Ammunition Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Guided Ammunition Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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