Global Precision Guided Munitions Market 2023-2033

PGMs Have Helped Defense Forces Across the World to Reduce Casualities

All guided missiles are made up of several key components these include the engine, warhead, flight control system and guidance system. The engine propels the missile from the launcher to its target while the warhead houses the explosives, the flight control system is responsible for maneuvering the missile and maintaining an accurate flight path.

he guidance system locates the target and guides the missile to it, the guidance system is arguably the most critical component of any missile. It allows the vehicle to reach its destination by combining target location information with navigation information. Command guidance systems track the missile from the launch site and transmit commands by radio radar or laser impulses.

A radar unit in the missile is often used to track the target and transmit bearing and velocity information to the command guidance system. Control systems compute the optimal trajectory and send commands back to the missile. Semi-active homing systems combine a passive radar receiver which is located on the missile itself with a separate targeting radar on an aircraft that illuminates the target guiding the missile towards it. Since the launch aircraft has to keep moving towards the target to maintain radar and guidance lock, there is the potential that the aircraft will come within range of the enemy. Active guidance systems track targets with a radar transceiver that is contained in the missile itself. Since these systems do not require signals to be sent from the launch site, they make it more difficult for the enemy to locate the launch platform or aircraft that fired the missile. Passive guidance systems also do not emit energy or receive commands from an external source,rather they lock onto an emission coming from the target itself.

Major factors driving Precision Guided Missiles Market Growth

Growing defense budgets across the global economies are poised to be one of the factors that have led to the overall growth associated with the precision guided munitions market. The overall market for precision guided munitions is hereby poised to grow owing to the increased military procurement. The brewing geo-political conflicts and border tensions between nations are other factors that are expected to drive the growth associated with the precision guided weapons sector.

Countries within the Indo-Pacific region as well as APAC have been facing adversities owing to border tensions between nations. For instance, the countries India and China have a strained relationship, however, this has in turn led to the increased procurement of precision-guided missiles in totality.