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[ 英語タイトル ] Precision Guided Munition Market by Product (Tactical Missiles, Guided Rockets, Guided Ammunition, and Loitering Munition), Technology (Infrared, Semi-active Lasers, Radar Homing, GPS, INS, Anti-radiation), Type, Speed, Region - Global Forecast to 2025


Product Code : MNMAD00106822
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Aerospace and Defence
Study Area : Global
Report format : PDF
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[Report Description]

“Increasing procurement of precision guided munition, and ongoing military modernization programs are key factors fueling the growth of the precision guided munition market across the globe.”
The precision guided munition market is projected to grow from USD 30.0 billion in 2019 to USD 47.5 billion by 2025, at a CAGR of 8.0% from 2019 to 2025. The rising instances of asymmetric warfare and increasing demand for miniaturized weapons are some of the factors expected to fuel the growth of the precision guided munition market.
“Based on product, the tactical missile segment is projected to lead the precision guided munition market from 2019 to 2025.”
Based on product, the tactical missiles segment estimated to lead the precision guided munition market in 2019 and is expected to continue its dominance till 2025. Tactical missiles are versatile weapons and can be fired in various modes, angles, and platforms. Tactical missiles are equipped with advanced guidance technologies which enable them to hit targets with high accuracy. Military forces of different countries across the globe have increased the use of precision guided munition to enhance their military capabilities.
“Based on technology, the GPS segment is projected to grow at the highest CAGR from 2019 to 2025.”
Based on technology, the GPS segment is expected to grow at the highest CAGR during the forecast period. GPS is a satellite-based navigation system that offers navigation capability with accurate velocity information. Hence, various vendors of precision guided munition focus on producing PGMs equipped with GPS technology.
“The Asia Pacific precision guided munition market is projected to grow at the highest CAGR during the forecast period.”
Asia Pacific is estimated to account for the largest share of the precision guided munition market in 2019. The presence of major defense OEMs and increasing investments in research and development activities undertaken by the China and India armed forces are driving the growth of the market in this region. The procurement of next-generation laser guided projectiles is also fueling the growth of precision guided munition market.
Break-up of profiles of primary participants of the precision guided munition market

• By Company Type - Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 – 20%
• By Designation – C Level – 35%, Director Level – 25%, and Others – 40%
• By Region – North America -20%, Europe – 5%, Asia Pacific – 30%, and the Middle East – 45%

Major companies profiled in the report are 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), Northrop Grumman (US), Rheinmetall AG (Germany), and Leonardo SpA (Italy), among others.

Research Coverage:
This report segments and analyzes the precision guided munition market during the forecast period. The market has been classified based on product (tactical missiles, guided rockets, guided ammunition, and loitering munition), technology (infrared, semi-active lasers, radar homing, GPS, INS, anti-radiation, and others), type (autonomous and sem-autonomous), speed (hypersonic, non-hypersonic), and region (North America, Europe, Asia Pacific, the Middle East, and Rest of the World).
Reasons to Buy This Report:
From an insight perspective, this research report has focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles. These insights together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the precision guided munition market, high-growth regions, and drivers, restraints, challenges, and opportunities influencing the growth of the market.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on precision guided munition offered by top market players
• Market Sizing: The estimated size of the market in 2019 and its projection from 2019 to 2025
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new products launched in the precision guided munition market
• Market Overview: Market dynamics and subsequent analysis of the associated trends as well as drivers, restraints, opportunities, and challenges prevailing in the precision guided munition market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the markets for precision guided munition across different regions
• Market Diversification: Exhaustive information about new products launched, untapped geographies, recent developments, and investments in the precision guided munition market
• Regional Analysis: Factors influencing the growth of the precision guided munition market in North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW)
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the precision guided munition market
• Impact of Mega Trends: Effect of the growth of the electronic/network-centric warfare, which uses drones or cyber platforms utilizing Artificial Intelligence (AI) and embedded computing platforms, on the precision guided munition market

TABLE OF CONTENTS

1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 24
1.3 MARKETS COVERED 24
1.3.1 REGIONAL SCOPE 24
1.3.2 YEARS CONSIDERED FOR THE STUDY 25
1.4 CURRENCY & PRICING 25
1.5 LIMITATIONS 26
1.6 MARKET STAKEHOLDERS 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Key data from secondary sources 29
2.1.2 PRIMARY DATA 30
2.1.2.1 Key data from primary sources 30
2.1.2.2 Breakdown of primaries 30
2.2 MARKET SIZE ESTIMATION 31
2.2.1 MARKET DEFINITION & SCOPE 31
2.2.2 EXCLUSIONS 31
2.3 RESEARCH APPROACH & METHODOLOGY 31
2.3.1 BOTTOM-UP APPROACH 32
2.3.1.1 Evaluation of precision guided munition market 32
2.3.1.2 Precision guided munition market, by technology 33
2.3.1.3 Precision guided munition market, by type 33
2.3.2 TOP-DOWN APPROACH 33
2.4 DATA TRIANGULATION 34
2.5 RESEARCH ASSUMPTIONS 35
3 EXECUTIVE SUMMARY 36
4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN PRECISION GUIDED MUNITION MARKET 40
4.2 ATTRACTIVE GROWTH OPPORTUNITIES IN PRECISION GUIDED MUNITION MARKET, BY TYPE 41
4.3 ASIA PACIFIC PRECISION GUIDED MUNITION MARKET, BY TECHNOLOGY 41
4.4 GUIDED ROCKETS MARKET, BY TYPE 42
4.5 PRECISION GUIDED MUNITION MARKET, BY REGION 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 43
5.2.1 DRIVERS 44
5.2.1.1 Increasing demand for precision guided munitions to minimize collateral damage 44
5.2.1.2 Reduction in logistics burden 44
5.2.1.3 Growing military modernization programs 44
5.2.2 RESTRAINTS 46
5.2.2.1 Regulations related to arms transfer 46
5.2.2.2 High manufacturing cost 46
5.2.2.3 Procurement of conventional warfare systems instead of advanced precision guided munition in many countries 46
5.2.3 OPPORTUNITIES 46
5.2.3.1 Miniaturization of munitions 46
5.2.3.2 Access to advanced technologies through MTCR membership 47
5.2.3.3 Development of hybrid precision guided munitions 48
5.2.3.4 Increasing export of short-range missiles 49
5.2.4 CHALLENGES 49
5.2.4.1 Issues related to the integration of larger precision guided munitions 49
6 INDUSTRY TRENDS 51
6.1 INTRODUCTION 51
6.2 TECHNOLOGICAL TRENDS 51
6.2.1 ANTI-SATELLITE MISSILES & WEAPONS 51
6.2.2 SMART E-BOMBS & HYPERSONIC MUNITION 51
6.2.3 ADVANCED TACTICAL DATA LINKS 52
6.2.4 SELF-GUIDED FIREARMS 52
6.2.5 NEXT-GENERATION TARGET LOCKING TECHNOLOGY 52
6.2.6 INFRARED TECHNOLOGY 52
6.2.7 FIBER-OPTIC GUIDANCE SYSTEMS 52
6.2.8 NETWORK-ENABLED WEAPONS 53
6.2.9 HYBRID GUIDANCE SYSTEMS 53
6.2.10 SEMI-ACTIVE LASER (SAL) GUIDANCE SYSTEMS 53
6.2.11 AUTOMATIC TARGET RECOGNITION (ATR) 53
6.3 INNOVATIONS & PATENT REGISTRATIONS 54
7 PRECISION GUIDED MUNITION MARKET, BY SPEED 56
7.1 INTRODUCTION 57
7.2 HYPERSONIC 57
7.3 NON-HYPERSONIC 57

8 PRECISION GUIDED MUNITION MARKET, BY PRODUCT 58
8.1 INTRODUCTION 59
8.2 TACTICAL MISSILES 60
8.2.1 MILITARIES WORLDWIDE FOCUSES TO PROCURE HIGH-SPEED MISSILES THAT CAN TRAVEL LONG RANGES 60
8.2.2 SURFACE-TO-SURFACE 61
8.2.3 SURFACE-TO-AIR 61
8.2.4 AIR-TO-AIR 61
8.2.5 AIR-TO-SURFACE 61
8.2.6 SUBSEA-TO-SURFACE 61
8.3 GUIDED ROCKETS 62
8.3.1 ROCKET MANUFACTURES ARE FOCUSING ON THE DEVELOPMENT OF ADVANCED PRECISION WEAPONS THAT ARE COMPACT, LETHAL & PRECISE 62
8.3.2 SURFACE-TO-SURFACE 63
8.3.3 AIR-TO-SURFACE 63
8.3.4 SURFACE-TO-AIR 63
8.4 GUIDED AMMUNITION 63
8.4.1 THERE IS INCREASED USE OF GUIDED AMMUNITION IN COUNTER-TERRORISM OPERATIONS 63
8.4.2 GUIDED MORTAR 64
8.4.3 GUIDED ARTILLERY SHELLS 64
8.4.4 GUIDED BOMBS 64
8.4.5 GUIDED BULLETS 64
8.5 LOITERING MUNITION 65
8.5.1 INCREASING DEMAND FOR LOITERING MUNITION FOR INFANTRY USE 65
9 PRECISION GUIDED MUNITION MARKET, BY TECHNOLOGY 66
9.1 INTRODUCTION 67
9.2 INFRARED 68
9.2.1 IIR HOMING 69
9.2.2 IR HOMING 69
9.3 SEMI-ACTIVE LASERS 69
9.4 INERTIAL NAVIGATION SYSTEM (INS) 69
9.5 GLOBAL POSITIONING SYSTEM (GPS) 69
9.6 RADAR HOMING 70
9.6.1 ACTIVE HOMING 71
9.6.2 SEMI-ACTIVE HOMING 71
9.7 ANTI-RADIATION 71
9.8 OTHERS 71

10 PRECISION GUIDED MUNITION MARKET, BY TYPE 72
10.1 INTRODUCTION 73
10.2 AUTONOMOUS 74
10.2.1 CONTINUOUS R&D ACTIVITIES TO DEVELOP ADVANCED MUNITION EXPECTED TO FUEL THE MARKET 74
10.3 SEMI-AUTONOMOUS 74
10.3.1 PROCUREMENT OF INDIGENOUS PRECISION GUIDED MUNITION BY DEVELOPING COUNTRIES FUELLING THE GROWTH OF THIS MARKET 74
11 REGIONAL ANALYSIS 75
11.1 INTRODUCTION 76
11.2 NORTH AMERICA 77
11.2.1 US 81
11.2.1.1 The US is one of the lucrative markets for precision guided munition worldwide 81
11.2.2 CANADA 84
11.2.2.1 Ongoing military modernization programs fueling the growth of the precision guided munition market in Canada 84
11.3 EUROPE 87
11.3.1 RUSSIA 91
11.3.1.1 Increased procurement of precision guided munition due to cross-border conflicts is driving the growth of this market 91
11.3.2 GERMANY 93
11.3.2.1 Significant technological advancement in the guided munition would drive the precision guided munition market 93
11.3.3 UK 95
11.3.3.1 Increasing threats from international and domestic terrorism, espionage and other hostile foreign activity, drive the market of precision guided munition in the UK 95
11.3.4 FRANCE 97
11.3.4.1 Increased military spending is estimated to drive the growth of the market 97
11.3.5 REST OF EUROPE 99
11.4 ASIA PACIFIC 100
11.4.1 CHINA 104
11.4.1.1 China development of its own indigenous advanced precision guided munition to drive the market 104
11.4.2 INDIA 106
11.4.2.1 Increasing demand of precision guided munition due to increased military spending 106
11.4.3 AUSTRALIA 108
11.4.3.1 Major contracts being signed with the leading companies for precision guided munition resulting in growth of this market 108
11.4.4 JAPAN 110
11.4.4.1 Growing tensions with China and North Korea resulting in procurement of precision guided munitions in the country 110
11.4.5 SOUTH KOREA 112
11.4.5.1 Increasing missile tests, as well as threats posed by North Korea are among the primary reasons for the growth of the South Korean defense sector 112
11.4.6 REST OF ASIA PACIFIC 115
11.5 MIDDLE EAST 116
11.5.1 SAUDI ARABIA 120
11.5.1.1 The military intervention of Saudi Arabia in Yemen is one of the major factors for the increase in its defense expenditure 120
11.5.2 ISRAEL 122
11.5.2.1 Presence of major defense players in the country has resulted in the growth of the precision guided munition market 122
11.5.3 TURKEY 124
11.5.3.1 Increasing number of terror attacks have resulted in the procurement of precision guided munition 124
11.5.4 REST OF MIDDLE EAST 126
11.6 REST OF THE WORLD 128
11.6.1 LATIN AMERICA 131
11.6.2 AFRICA 133
12 COMPETITIVE LANDSCAPE 135
12.1 INTRODUCTION 135
12.2 RANK ANALYSIS, 2018 136
12.3 COMPETITIVE LEADERSHIP MAPPING 137
12.3.1 VISIONARY LEADERS 137
12.3.2 INNOVATORS 137
12.3.3 DYNAMIC DIFFERENTIATORS 137
12.3.4 EMERGING COMPANIES 137
12.4 COMPETITIVE SCENARIO 139
12.4.1 NEW PRODUCT LAUNCHES 139
12.4.2 CONTRACTS 139
12.4.3 JOINT VENTURES & AGREEMENTS 140
13 COMPANY PROFILES 141
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 BAE SYSTEMS 141
13.2 LOCKHEED MARTIN CORPORATION 144
13.3 RAYTHEON COMPANY 148
13.4 MBDA 152
13.5 NORTHROP GRUMMAN 156
13.6 KONGSBERG GRUPPEN 159
13.7 LEONARDO – SOCIETÀ PER AZIONI 161
13.8 ELBIT SYSTEMS 163
13.9 SAAB AB 165
13.10 THE BOEING COMPANY 167
13.11 KBP INSTRUMENT DESIGN BUREAU 170
13.12 HANWHA GROUP 171
13.13 ISRAEL AEROSPACE INDUSTRIES (IAI) LTD 173
13.14 CHINA NORTH INDUSTRIES CORPORATION (NORINCO) 176
13.15 DENEL DYNAMICS 177
13.16 LIG NEX 1 179
13.17 ROKETSAN A.S. 181
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 182
14.1 DISCUSSION GUIDE 182
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
14.3 AVAILABLE CUSTOMIZATION 187
14.3.1 COUNTRY-LEVEL ANALYSIS 187
14.3.2 ADDITIONAL COMPANY PROFILES (UPTO 5) 187
14.4 RELATED REPORTS 187
14.5 AUTHOR DETAILS 188

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