Guided Ammunition Market size is estimated to be USD 6.12 Billion in 2024 and is expected to reach USD 12.45 Billion by 2033 at a CAGR of 8.4% from 2026 to 2033.
The global guided ammunition market is experiencing substantial growth, driven by advancements in military technology and an increasing demand for precision-based weaponry. The market is dominated by a few key players who are constantly innovating to improve the accuracy, efficiency, and effectiveness of guided munitions. The increasing focus on defense modernization and the rising need for precision strikes to minimize collateral damage are key factors contributing to the expansion of this market. Various defense sectors across the world are investing heavily in next-generation guided ammunition, with nations looking to bolster their military capabilities through state-of-the-art weaponry. This growth is also supported by the rising geopolitical tensions and the increasing need for more sophisticated defense systems that provide higher operational accuracy and fewer risks during military operations.
The scope of the global guided ammunition market presents numerous opportunities for growth, particularly in regions with rising defense budgets and a strategic focus on enhancing military capabilities. As emerging economies continue to modernize their defense infrastructure, the demand for guided ammunition is expected to surge, especially for air, land, and naval forces. Furthermore, the increasing use of unmanned systems in warfare, such as drones, is likely to stimulate innovation in guided munition systems, creating new avenues for market expansion. Opportunities are also arising through advancements in smart weaponry, where precision guidance technology is being integrated with various types of ammunition, including missiles, bombs, and shells. As nations explore more cost-effective ways to deploy high-performance weapons, the market for guided ammunition is poised to expand rapidly, with both established and emerging players tapping into these evolving trends.
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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
Laser-guided Munitions
Electro-optical Guided Munitions
GPS-guided Munitions
Inertial Guided Munitions
Hybrid Guided Munitions
Military
Civilian
Law Enforcement
Hunting
Commercial
Guidance Systems
Payload Types
Defense Contract Manufacturers
Government Agencies
Aerospace and Defense Contractors
Civilian Users
Security Forces
Aerial Platforms
Drones and Unmanned Aerial Vehicles (UAVs)
Land Platforms
Naval Platforms
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 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
US
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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