Global Precision Guided Munition Market (2022 to 2030) – Featuring Lockheed Martin, BAE Systems and Raytheon Among Others – ResearchAndMarkets.com – QNT Press Release

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The “Precision Guided Munition Market Size, Share & Trends Analysis Report by Product (Tactical Missiles, Loitering Munition), by Technology (GPS, INS), by Region (APAC, Europe), and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.

The global precision guided munition market size is expected to reach USD 55.17 billion in 2030, registering a CAGR of 5.6% over the forecast period.

Companies Mentioned

  • Lockheed Martin Corporation

  • BAE Systems Plc.

  • Raytheon

  • MBDA

  • Israel Aerospace Industries

  • Elbit Systems Ltd.

  • Saab AB

  • General Dynamics Corporation

  • Northrop Grumman

  • Rheinmetall AG

The growing need for extremely accurate munitions for target attacking is anticipated to increase the demand for precision-guided munitions.

Moreover, enhancements in precision attacking are likely to support the market. Growing political and territorial conflicts between major economies are likely to encourage the enhancements of their respective military and army operations. Precision attacking techniques are used in the army, air force, and naval forces , thus are likely to influence the market for precision-guided munitions over the forecast period.

Technological advancement in attacking components including missiles, …

Full story available on Benzinga.com

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