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Rising asymmetric warfare, geopolitical conflicts, and military modernization programs, among others, are some of the factors fueling the growth of the precision-guided munition market.
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Precision Guided Munition Market worth $47.5 billion by 2025 With CAGR Of 8.0%
Key Segments The precision guided munition market is projected to grow from USD 30.0 b illion in 2019 to USD 47.5 billion by 2025, at a CAGR of 8.0% from 2019 to 202 5. 1 The Asia Pacific market is projected to grow at the highest CAGR fr om 2019 to 2025. Countries such as China, India, Australia, Japan, South Korea, and Rest of Asia Pacific are considered in this region al market analysis. 2 3 Browse 152 market data Tables and 54 Figures spread through 188 Pages and in-depth TOC on "Precision Guided Munition Market - Gl obal Forecast to 2025" Growing military modernization programs and increasing demand for precision guided munitions are key factors fueling the growth of the pr ecision guided munition market across the globe. 4 5 BAE Systems Plc. is a major player in the market. The company develops, deliver s, and supports aerospace & defense systems. The company operates through 5 business segments, namely, electronic systems, cyber & intelligence, platforms & services (US), platforms & services (UK), and platforms & services (internation al).
Precision Guided Munitions Market Growth Rate 2025 2019 CAGR of 8% Market Size of $30 Billion Market Size of $47.5 Billion
Key Vendors Vendors Lockheed Martin Corporation (US) BAE Systems Plc. (UK) Raytheon (US) MBDA (France) Israel Aerospace Industries (Israel) Elbit Systems Ltd. (Israel) Saab AB (Sweden) General Dynamics Corporation (US) • • • • • • • • View Report Here - https://www.marketsandmarkets.com/Market-Reports/precision-g uided-munition-market-109859417.html
Recent Development In February 2019, BAE Systems received a contract worth USD 114.5 million f rom the US Navy to modernize the guided-missile destroyer, USS Bulkeley (D DG 84) in its Norfolk shipyard. In February 2019, IAI launched Mini Harpy, a newly-developed loitering muniti on for the first time at Aero India Exhibition in Bangalore, India. The Mini Harp y is a tactical system designed for field or marine units. It can be launched fro m land, marine, and airborne platforms. In January 2019, Javelin, a joint venture company, formed by Raytheon and L ockheed Martin, was awarded a production contract for 2,100 F-Model (FGM- 148F) missiles, following a successful and rigorous system qualification test p rogram that included 21 successful flight tests. • • • View Report Here - https://www.marketsandmarkets.com/Market-Reports/precision-g uided-munition-market-109859417.html
Top Region.. North America • Europe • Asia Pacific • Middle East • ROW • View Report Here - https://www.marketsandmarkets.com/Market-Reports/precision-guided-munition-market-1 09859417.html
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