FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 988
Companies: 34 – Players covered include Aerojet Rocketdyne; BAE System; Bharat Dynamics Limited; Boeing; China North Industries Corporation (Norinco); Denel Dynamics; Elbit Systems Ltd.; General Dynamics Corporation; Hanwha Corporation; Israel Aerospace Industries; KBP Instrument Design Bureau; Kongsberg; L3Harris Technologies Inc.; Leonardo S.p.A.; LIG Nex 1; Lockheed Martin Corporation; MBDA; Northrop Grumman Corporation; Raytheon Company; Rheinmetall AG; Roketsan A.S.; Saab AB; Thales Group and Others.
Coverage: All major geographies and key segments
Segments: Product (Tactical Missiles, Guided Rockets, Guided Ammunition, Loitering Munition); Type (Semi-Autonomous, Autonomous); Technology (Semi-Active Laser, Infrared, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation, Other Technologies)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Precision Guided Munition Market to Reach $47.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Precision Guided Munition estimated at US$31.4 Billion in the year 2020, is projected to reach a revised size of US$47.1 Billion by 2026, growing at a CAGR of 6.8% over the analysis period. Tactical Missiles, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$21 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Guided Rockets segment is readjusted to a revised 6.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.1 Billion in 2021, While China is Forecast to Reach $9.9 Billion by 2026
The Precision Guided Munition market in the U.S. is estimated at US$9.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.9 Billion by the year 2026 trailing a CAGR of 10.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Guided Ammunition Segment to Reach US$8.1 Billion by the year 2026
In the global Guided Ammunition segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4 Billion in the year 2020 will reach a projected size of US$6.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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