Guided Munitions Market 2019: Global Industry Size, Share, Future Trends, Countless Growth Opportunities, Business Insights and Forecast 2023
Jan 8, 2019
Guided Munitions Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Product (Missiles, Rockets, Projectiles, Arms, Loitering Weapons, Others), Technology (Laser, Infrared, Radar, GPS, Others), Platform (Airborne, Land-based, Naval), & Region – Forecast till 2023
Pune , India - January 8, 2019 /MarketersMedia/ —
Guided munitions are these smart weapons that can be aimed and directed at single or multiple targets, relying either on external guidance or its guidance systems. These guided munitions can be launched from aircraft, ships, submarines, and land vehicles. At present, an increasing number of military programs are focusing on precision ammunition, especially on PG (precision guided). As a result, the global guided munitions market is continuously growing.
The growing regional conflicts across the globe are fuelling the terrorist activities and hence the uptake of smart weapons. The increased focus on developing autonomous weapons to counter terror activities are offering new growth opportunities for the market players. Moreover, the factors such as significant investments that have been made on the development of technological advancements with ongoing R&D are escalating the market on the global platform.
Acknowledging the colossal traction the market is garnering currently, Market Research Future (MRFR) in its recently published a study report asserts that the global guided munitions market is estimated to ascend enormously by 2023 registering approximately 5 % CAGR throughout the forecast period (2018 to 2023).
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Additional factors such as the rising demand for guided missiles for tactical operations, the rising demand for technologically advanced autonomous weapons, and the high demand for anti-tank missile systems by the military forces, worldwide are substantiating the market growth.
On the other hand, factors such as the extremely complicated weapon guidance systems and restricted range of maneuverability are expected to restrict the market growth. Nevertheless, factors such as the increasing number of governmental initiatives to increase the indigenous developments, designing, manufacture, and supply of highly advanced guided weapon systems and the increasing manufacturing of arming devices for air-launched cruise missile (ALCM) will support the market growth.
Key Players:
Key players leading the global guided munitions market include-
• Raytheon Company (U.S.)
• Lockheed Martin Corporation (U.S.)
• Boeing (U.S.)
• Israel Aerospace Industries (Israel)
• BAE Systems Plc. (U.K)
• MBDA (France)
• Kongsberg Group (Norway)
• Rafael Advanced Defense Systems Ltd (Israel)
• L-3 Technologies Inc. (U.S.)
• FN Herstal S.A (Belgium)
• Northrop Grumman Corporation (U.S.)
• others
Industry/ Innovation/ Related News:
December 10, 2018 ----- The Israeli Air Force (IAF) announced the development of next generation of guided bombs. According to IAF, one of the main munitions is precision-guided munitions or guided bombs are designed to achieve a smaller circular error probable (CEP) for a targeted attacked.
Global Guided Munitions Market – Competitive Analysis
The highly competitive guided munitions market appears to be fragmented owing to the presence of numerous large and small-scale players. Strategic initiatives such as innovation, M&A, and brand reinforcement remain the key trends for the leading players. The market will witness intensified competition with the increase in R&D activities.
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Guided Munitions – Market Segmentation
The report has been segmented into four key dynamics for the convenience;
By Product : Missiles, Rockets, Projectiles, Arms, and Loitering Weapons among others.
By Technology : Laser, Infrared, Radar, and GPS among others.
By Platform : Airborne, Land-based, and Naval.
By Regions : Europe, North America, PAC and Rest of the World.
Global Guided Munitions Market – Regional Analysis
North America dominates the global guided munitions market owing to the rising counter terrorist activities and various military equipment modernization programs to control them. The market in the US heading with the presence of well-developed defense and aerospace sectors contribute to the growth of the regional market largely.
Additionally, the presence of major players and the introduction of favorable government policies in this region foster the market growth. Simultaneously, factors such as the increasing military expenditures and the growing demand for advanced weapons are driving the demand in the regional market.
Europe accounts for the second largest market for guided munitions is expected to witness huge innovations during the forecast period. Increased procurement of smart weapons by developed countries, such as Germany, the U.K, and France fosters the growth of the regional market.
The guided munitions market in the Asia Pacific region, on the other hand, is emerging as a promising market, growing rapidly. The increasing terrorism incidences and border threats in the region are driving the market growth predominantly. Moreover, the availability of cost-competitive labor force and raw materials required for the production of guided munitions are attracting foreign companies, encouraging them to shift their production bases to the emerging economies like India and China which, turn, is pushing up the market growth in the region on the furthered heights.
APAC is vibrating with the rapid economic growth in the countries such as China and India. India has emerged as a hub for technologies among others which is drawing the steady flow of foreign investors.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued.......
List Of Tables
Table 1 Global Guided Munitions Market: By Region, 2018-2023
Table 2 North America Global Guided Munitions Market: By Country, 2018-2023
Table 3 Europe Global Guided Munitions Market: By Country, 2018-2023
Table 4 Asia Pacific Global Guided Munitions Market: By Country, 2018-2023
Table 5 Middle East & Africa Global Guided Munitions Market: By Country, 2018-2023
Table 6 Latin America Global Guided Munitions Market: By Country, 2018-2023
Table 7 Global Guided Munitions Market, By Product, By Regions, 2018-2023
Table 8 North America Global Guided Munitions Market, By Product, By Country, 2018-2023
Table 9 Europe Global Guided Munitions Market, By Product, By Country, 2018-2023
Table 10 Asia Pacific Global Guided Munitions Market By Product, By Country, 2018-2023
Continued........
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