US Precision-Guided Munitions Market Share & Industry Forecast 2025
The US Precision-Guided Munitions Market reached US$ 6.23 billion in 2023 and is expected to reach US$ 9.82 billion by 2031, growing with a CAGR of 5.85% during the forecast period 2024-2031.
US Precision-Guided Munitions Market analysis, according to DataM Intelligence, offers more than just an overview, it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.
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The US Precision-Guided Munitions market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter’s Five Forces Analysis.
The US precision-guided munitions (PGM) market focuses on the development and deployment of advanced weapons that use guidance systems for precise targeting, enhancing military strike accuracy. These munitions, including guided bombs, missiles, and artillery shells, are vital for modern warfare. Market growth is driven by increasing defense budgets, technological advancements, and the demand for more efficient, cost-effective, and accurate military capabilities in both defense and international security strategies.
Forecast Growth Projected:
The Global US Precision-Guided Munitions Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the US Precision-Guided Munitions Market:
Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, General Dynamics Corporation, BAE Systems, Inc., L3Harris Technologies, Inc., Boeing Defense, Space & Security, Harris Corporation, Textron Systems Corporation and AeroVironment, Inc.
Segment Covered in the US Precision-Guided Munitions Market:
By Type: Air-Launched Munitions, Ground-Launched Munitions, Naval-Launched Munitions, Submarine-Launched Munitions.
By Guidance System: GPS Guided, Laser Guided, Infrared Guided, Electro-optical Guided, Radar Guided, Combination of Guidance Systems.
By Platform: Unmanned Aerial Vehicles (UAVs), Ground Vehicles, Naval Platforms.
By End-User: Military, Air Force, Navy, Others.
By Application: Anti-Aircraft, Anti-Ship, Anti-Tank, Surface-to-Surface, Precision Strikes, Training Simulators, Others.
Industry Development:
In January 2024, the US Department of Defense (DoD) requested a budget of $315.0 billion for FY 2024, with $15.1 billion earmarked for Large Lot Procurement (LLP) of precision-guided missile systems. This funding will support programs such as the RIM-174 SM-6, AIM-120D AMRAAM, and AGM-158C LRASM, aimed at strengthening missile capabilities and improving production efficiency.
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Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of US Precision-Guided Munitions manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of US Precision-Guided Munitions in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of the industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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