Global Precision Guided Munition Market to Reach $52.7 Billion by 2030
The global market for Precision Guided Munition estimated at US$34.5 Billion in the year 2022, is projected to reach a revised size of US$52.7 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030. Tactical Missiles, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$37.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Guided Rockets segment is readjusted to a revised 4.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $9.4 Billion, While China is Forecast to Grow at 9.4% CAGR
The Precision Guided Munition market in the U.S. is estimated at US$9.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.9 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.Select Competitors (Total 34 Featured) -
- Aerojet Rocketdyne
- BAE System
- Bharat Dynamics Limited
- Boeing
- China North Industries Corporation (Norinco)
- Denel Dynamics
- Elbit Systems Ltd.
- General Dynamics Corporation
- Hanwha Corporation
- Israel Aerospace Industries
- KBP Instrument Design Bureau
- Kongsberg
- L3Harris Technologies Inc.
- Leonardo S.p.A.
- LIG Nex 1
- Lockheed Martin Corporation
- MBDA
- Northrop Grumman Corporation
- Raytheon Company
- Rheinmetall AG
- Roketsan A.S.
- Saab AB
- Thales Group
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aerojet Rocketdyne
- BAE System
- Bharat Dynamics Limited
- Boeing
- China North Industries Corporation (Norinco)
- Denel Dynamics
- Elbit Systems Ltd.
- General Dynamics Corporation
- Hanwha Corporation
- Israel Aerospace Industries
- KBP Instrument Design Bureau
- Kongsberg
- L3Harris Technologies Inc.
- Leonardo S.p.A.
- LIG Nex 1
- Lockheed Martin Corporation
- MBDA
- Northrop Grumman Corporation
- Raytheon Company
- Rheinmetall AG
- Roketsan A.S.
- Saab AB
- Thales Group
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 34.5 Billion |
Forecasted Market Value ( USD | $ 52.7 Billion |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Global |