精密誘導兵器市場 – 2030年までの世界予測

Precision Guided Munitions Market - Global Forecast To 2030

精密誘導兵器市場 - 製品(戦術ミサイル、迎撃ミサイル、魚雷、ロケット、徘徊型兵器)、システム(誘導・航法、目標捕捉)、発射プラットフォーム、速度、運用モード、地域別 - 2030年までの世界予測
Precision-Guided Munition Market by Product (Tactical Missile, Interceptor Missile, Torpedoes, Rockets, Loitering Munition), System (Guidance & Navigation, Target Acquisition), Launch Platform, Speed, Mode of Operation, Region - Global Forecast to 2030

商品番号 : SMB-9352

出版社MarketsandMarkets
出版年月2025年5月
ページ数375
図表数444
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本市場調査は、精密誘導兵器市場を様々なセグメントにわたって網羅しています。システム、発射プラットフォーム、製品、運用モード、速度、射程距離、地域など、様々なセグメントにおける市場規模と成長ポテンシャルを推定することを目的としています。また、主要プレーヤーの詳細な競合分析に加え、企業プロフィール、製品および事業内容に関する主要な考察、最近の動向、主要な市場戦略も提供しています。

The precision-guided munitions market is estimated to be USD 37.24 billion in 2025 and is projected to reach USD 49.71 billion by 2030, at a CAGR of 5.9%.

精密誘導兵器市場は2025年に372億4,000万米ドルに達すると推定され、2030年までに5.9%のCAGRで497億1,000万米ドルに達すると予測されています。

The evolution of precision-guided munitions is being driven by multiple strategic and operational imperatives that align with next-generation defense solutions. Military forces globally are prioritizing systems that offer higher operational efficiency, reduced logistical burden, and enhanced mission reliability. This shift reflects a growing demand for munitions that consume less energy, require minimal maintenance, and contribute to leaner, more agile force structures. Furthermore, the increasing emphasis on precision over volume, as well as the push for sustainable and intelligent warfare, aligns with broader defense modernization trends. PGMs are becoming essential for executing missions with accuracy while minimizing collateral damage and resource consumption.

精密誘導兵器の進化は、次世代防衛ソリューションと整合する複数の戦略的・運用上の要請によって推進されています。世界中の軍隊は、運用効率の向上、兵站負担の軽減、そして任務の信頼性向上を実現するシステムを優先しています。この変化は、消費エネルギーが少なく、メンテナンスが最小限で、よりスリムで機敏な戦力構成に貢献する兵器への需要の高まりを反映しています。さらに、量よりも精度を重視する傾向の高まり、そして持続可能でインテリジェントな戦争への推進は、国防近代化の幅広い潮流とも合致しています。精密誘導兵器は、付随的損害と資源消費を最小限に抑えながら、任務を正確に遂行するために不可欠な存在になりつつあります。

精密誘導兵器市場 - 2030年までの世界予測
precision-guided-munition-market

“EO/IR: The largest segment by targeting system during the forecast period” Electro-Optical/Infrared (EO/IR) guidance systems are poised to dominate the precision-guided munitions market because they can deliver real-time, high-fidelity target acquisition and terminal guidance even in highly complex operational environments. These systems allow PGMs to visually detect, track, and engage static and moving targets with pinpoint accuracy—vital for today’s precision strike missions where rules of engagement frequently require positive target identification and low collateral damage.

EO/IR seekers provide a low-signature, passive guidance capacity that permits the munitions to home toward the target while radiating non-detectable signals, making the platforms very survivable against defenses predicated upon radars. The capability to provide function in bright lighting conditions at nighttime, as well as potentially in obscurant-filled areas like smoke or dust, facilitates more flexibility across all types of missions and terrains.

These systems are found more in air-to-ground bombs, loitering munitions, and autonomous missiles, where imagery in the visible or thermal infrared is employed for target identification, aim point determination, and final-course correction. Integration with onboard processors and artificial intelligence algorithms also enables sophisticated features like automatic target recognition (ATR), mid-course image-based updates, and in-flight retargeting.

“Inertial Navigation System: The fastest-growing segment by guidance & navigation system during the forecast period” Inertial Navigation Systems (INS) are positioned to dominate the precision-guided munitions market because they form the basis for providing accurate, autonomous navigation and guidance for nearly all types of precision weapons. INS technology guides by employing internal sensors—gyroscopes and accelerometers—to monitor the position, orientation, and speed of a munition without any external inputs, which makes it a central element in both standalone and hybrid guidance systems.

One of the strongest points of INS is its fault tolerance in contested environments. As opposed to GPS, which is subject to being denied or spoofed by electronic warfare systems, INS will operate reliably even when in GPS-degraded or denied environments. It is therefore the go-to navigation system for future PGMs, especially for high-threat environments where electronic countermeasures dominate. In addition, INS is a crucial part of multi-mode guidance systems, wherein it is coupled with GPS, laser seekers, radar, or imaging systems. It provides precise midcourse navigation and terminal guidance stabilization and aids precision engagement even when external cues are intermittent or missing.

Miniaturization of INS components, particularly through the evolution of microelectromechanical systems (MEMS), has seen its integration into a broad spectrum of munitions—tactical missiles and guided bombs, artillery shells, and loitering munitions. Its flexibility and comparatively low signature also facilitate platform-agnostic deployment, rendering it useful in air, land, and sea domains.

“Surface-to-Surface: The fastest-growing segment by guided rockets during the forecast period”

Surface-to-surface guided rockets will dominate the precision-guided munitions (PGM) market due to their unique combination of accuracy, range, responsiveness, and affordability. These weapons close a critical capability gap between cost-effective unguided artillery and costly tactical missiles, and they offer an attractive alternative to both large-scale military forces and emerging defense forces. One of their strongest assets is that they can perform highly precise fires at distant ranges from mobile, surface-based launchers without the requirement of air superiority. Systems like the guided multiple launch rocket system (GMLRS) and similar systems across the globe are capable of striking static and relocatable targets with short notice, and they excel at suppression of enemy air defenses (SEAD), counter-battery missions, and precision interdiction.

They compare differently to air-launched PGMs as they are rapidly deployable, salvaged-in-mass, and can be fired from extremely mobile launcher platforms such as HIMARS or MLRS mounted on trucks, thus providing them greater battlefield survivability and tactical response capability. Being network-connected allows them to suit sensor-to-shooter, speedily precise response, and response engagements of sensitive time targets.

“The US to account for the highest market share in the precision-guided munitions market during the forecasted year”

The US will be the largest holder in the global precision-guided munitions market due to its unmatched defense budget, mature industrial base, and strategic priority on precision, networked warfare. The doctrine of the US military prioritizes the reduction of collateral damage while it sustains global strike capabilities, rendering PGMs core to both tactical and strategic force projection.

The US possesses the most advanced and diverse set of PGMs, ranging from air-to-ground bombs to guided rockets, loitering bombs, and long-range tactical missiles to precision artillery rounds. JDAM, StormBreaker, Excalibur, GMLRS, and JAGM are widely employed in all branches of the armed forces and are regularly updated through modular enhancements and software-driven revisions.

Further, the U.S. Department of Defense also gives high value to multi-domain precision fires under its modernization plans, like Long-Range Precision Fires (LRPF), Joint All-Domain Command and Control (JADC2), and Next-Generation Air Dominance (NGAD). The programs guarantee sustained investment in network-enabled, AI-integrated interoperable PGMs. On top of national needs, the US holds a dominant share in foreign military sales of PGMs, which are in high demand among NATO allies as well as Indo-Pacific partners. Its well-established network of prime contractors, including Lockheed Martin, RTX, Boeing, and Northrop Grumman, solidifies its leadership position.

Break-up of profiles of primary participants in the precision-guided munitions market:

  • By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
  • By Designation: C-Level Executives – 55%, Director level – 27%, and Others – 18%
  • By Region: North America – 32%, Europe – 32%,  Asia Pacific – 16%, Middle East-10%, Rest of the world – 10%

Prominent companies in the precision-guided munitions market are Northrop Grumman (US), RTX (US), General Dynamics Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), MBDA (France), Israel Aerospace Industries (Israel), QinetiQ (UK), Boeing  (US), and Aselsan AS (Turkey), among others.

Research Coverage: The market study covers the precision-guided munitions market across segments. It aims to estimate the market size and the growth potential of this market across different segments, such as system, launch platform, product, mode of operation, speed, range, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying this report: This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall precision-guided munitions market and its subsegments. The report covers the entire ecosystem of the precision-guided munitions industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of Key Drivers (Increased demand for precision guided munition to minimize collateral damage, reduction in logistics burden, growing military modernization programs, change in nature of warfare) Restraints (Regulations to arms transfer, high manufacturing costs) Opportunities (Miniaturization of munitions, development of hybrid precision guided munitions), and Challenges (Storage and lifecycle challenges) that impact the growth of the precision guided munitions market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the precision-guided munitions market.
  • Market Development: Comprehensive information about lucrative markets – the report analyzes the precision-guided munitions market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the precision-guided munitions market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players, such as Northrop Grumman (US), RTX (US), General Dynamics Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), MBDA (France), Israel Aerospace Industries (Israel), QinetiQ (UK), Boeing (US), Aselsan AS (Turkey), among others, in the precision-guided munitions market

Table of Contents

1               INTRODUCTION              34

1.1           STUDY OBJECTIVES       34

1.2           MARKET DEFINITION   34

1.3           STUDY SCOPE   35

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      35

1.3.2        INCLUSIONS AND EXCLUSIONS 36

1.3.3        YEARS CONSIDERED      37

1.4           CURRENCY CONSIDERED            37

1.5           STAKEHOLDERS               38

1.6           SUMMARY OF CHANGES               38

2               RESEARCH METHODOLOGY       39

2.1           RESEARCH DATA              39

2.1.1        SECONDARY DATA          40

2.1.1.1    Key data from secondary sources       41

2.1.2        PRIMARY DATA 41

2.1.2.1    Key data from primary sources           42

2.1.2.2    Breakdown of primary interviews      42

2.2           MARKET SIZE ESTIMATION         43

2.2.1        BOTTOM-UP APPROACH              43

2.2.1.1    Precision-guided munition market, by system 44

2.2.1.2    Precision-guided munition market, by product               44

2.2.2        TOP-DOWN APPROACH                44

2.3           DATA TRIANGULATION                45

2.4           RESEARCH ASSUMPTIONS           46

2.5           RESEARCH LIMITATIONS             47

2.6           RISK ASSESSMENT           47

3               EXECUTIVE SUMMARY  48

4               PREMIUM INSIGHTS       52

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PRECISION-GUIDED MUNITION MARKET             52

4.2           PRECISION-GUIDED MUNITION MARKET, BY SPEED                 52

4.3           PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION       53

4.4           PRECISION-GUIDED MUNITION MARKET, BY PLATFORM         53

4.5           PRECISION-GUIDED MUNITION MARKET, BY COUNTRY                 54

5               MARKET OVERVIEW       55

5.1           INTRODUCTION              55

5.2           MARKET DYNAMICS       55

5.2.1        DRIVERS               56

5.2.1.1    Elevated demand for precision-guided munitions to minimize collateral damage  56

5.2.1.2    Reduced logistical burden of modern warfare 56

5.2.1.3    Surge in military modernization programs       57

5.2.1.4    Evolving nature of warfare  58

5.2.2        RESTRAINTS      58

5.2.2.1    Stringent arms transfer regulations and export control frameworks            58

5.2.2.2    High manufacturing costs   59

5.2.3        OPPORTUNITIES              59

5.2.3.1    Miniaturization of munitions              59

5.2.3.2    Development of hybrid precision-guided munitions      60

5.2.3.3    Advent of recoverable and multi-mission munitions      61

5.2.3.4    Integration of AI and autonomous capabilities                62

5.2.4        CHALLENGES    62

5.2.4.1    Integration constraints associated with larger precision-guided munitions               62

5.2.4.2    Storage and shelf life limitations        62

5.3           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            63

5.4           VALUE CHAIN ANALYSIS               64

5.5           ECOSYSTEM ANALYSIS  65

5.5.1        MANUFACTURERS           65

5.5.2        SYSTEM INTEGRATORS 65

5.5.3        SOLUTION PROVIDERS 65

5.6           TECHNOLOGY ANALYSIS             67

5.6.1        KEY TECHNOLOGIES     67

5.6.1.1    Millimeter-wave radar seekers            67

5.6.1.2    Image-aided INS/GPS technology    67

5.6.2        COMPLEMENTARY TECHNOLOGIES       67

5.6.2.1    AI-powered mission planning             67

5.6.2.2    Swarming protocols              68

5.6.3        ADJACENT TECHNOLOGIES       68

5.6.3.1    Electro-optical targeting systems       68

5.6.3.2    Automatic target recognition algorithms          68

5.7           CASE STUDY ANALYSIS 69

5.7.1        GMLRS-ER BY LOCKHEED MARTIN          69

5.7.2        STORM SHADOW BY MBDA         69

5.7.3        SPICE 250 BY RAFAEL     70

5.7.4        GBU-39 SMALL DIAMETER BOMB (SDB II) BY BOEING                 70

5.8           TRADE DATA     71

5.8.1        IMPORT SCENARIO (HS CODE 9306)        71

5.8.2        EXPORT SCENARIO (HS CODE 9306)        72

5.9           KEY STAKEHOLDERS AND BUYING CRITERIA     73

5.9.1        KEY STAKEHOLDERS IN BUYING PROCESS           73

5.9.2        BUYING CRITERIA           74

5.10         US 2025 TARIFF 76

5.10.1      INTRODUCTION              76

5.10.2      KEY TARIFF RATES          76

5.10.3      PRICE IMPACT ANALYSIS             77

5.10.4      IMPACT ON COUNTRY/REGION                78

5.10.4.1  US           78

5.10.4.2  Europe   79

5.10.4.3  Asia Pacific            79

5.10.5      IMPACT ON END USERS                80

5.11         REGULATORY LANDSCAPE         81

5.12         KEY CONFERENCES AND EVENTS, 2025–2026        83

5.13         INVESTMENT AND FUNDING SCENARIO               84

5.14         PRICING ANALYSIS          84

5.14.1      AVERAGE SELLING PRICE, BY PRODUCT               85

5.14.2      AVERAGE SELLING PRICE, BY REGION   85

5.15         OPERATIONAL DATA     85

5.16         IMPACT OF AI   86

5.16.1      INTRODUCTION              86

5.16.2      IMPACT OF AI ON DEFENSE SECTOR      87

5.16.3      ADOPTION OF AI IN MILITARY BY TOP COUNTRIES                 87

5.16.4      IMPACT OF AI ON PRECISION-GUIDED MUNITION MARKET               89

5.17         MACROECONOMIC OUTLOOK  91

5.17.1      INTRODUCTION              91

5.17.2      NORTH AMERICA             92

5.17.3      EUROPE               92

5.17.4      ASIA PACIFIC     92

5.17.5      MIDDLE EAST   93

5.17.6      REST OF THE WORLD    94

5.18         BILL OF MATERIALS       94

5.19         TOTAL COST OF OWNERSHIP   97

5.20         BUSINESS MODELS         100

5.21         TECHNOLOGY ROADMAP            102

6               INDUSTRY TRENDS         105

6.1           INTRODUCTION              105

6.2           TECHNOLOGY TRENDS                105

6.2.1        MULTI-MODE SEEKERS 105

6.2.2        SWARMING MUNITIONS               106

6.2.3        MODULAR MUNITIONS 106

6.2.4        LOW-COST PRECISION STRIKE KITS       106

6.2.5        REAL-TIME IN-FLIGHT RETARGETING  106

6.2.6        DUAL-USE ISR AND STRIKE INTEGRATION          107

6.3           IMPACT OF MEGATRENDS          107

6.3.1        AI-ENABLED TARGET RECOGNITION     107

6.3.2        CYBER-RESILIENT GUIDANCE AND CONTROL SYSTEMS                 107

6.3.3        INTEGRATION OF SPACE-BASED ASSETS INTO PRECISION STRIKE          108

6.3.4        BATTLEFIELD DIGITIZATION AND NETWORK-CENTRIC WARFARE            108

6.4           SUPPLY CHAIN ANALYSIS             108

6.5           PATENT ANALYSIS          110

7               PRECISION-GUIDED MUNITION MARKET, BY PRODUCT                 113

7.1           INTRODUCTION              114

7.2           TACTICAL MISSILES       115

7.2.1        SURFACE-TO-SURFACE 116

7.2.1.1    Emphasis on long-range precision fires and rapid response capabilities             116

7.2.1.2    Use case: Brimstone by MBDA         116

7.2.2        AIR-TO-SURFACE             116

7.2.2.1    Emerging threat environments and evolving platform strategies                 116

7.2.2.2    Use case: OpFires by DARPA-Lockheed Martin             117

7.3           INTERCEPTOR MISSILES               117

7.3.1        MOBILE AIR DEFENSE INTERCEPTORS  118

7.3.1.1    Rise of mobile, multi-vector aerial threats        118

7.3.1.2    Use case: Barak 8 by IAI, Rafael, and DRDO  118

7.3.2        MANPAD INTERCEPTORS            119

7.3.2.1    Heightened air threat landscape and elevated demand for mobile air defense solutions             119

7.3.2.2    Use case: Mistral 3 by MBDA            119

7.4           GUIDED ROCKETS           119

7.4.1        SURFACE-TO-SURFACE 120

7.4.1.1    Increased adoption due to long-range and rapidly deployable firepower                120

7.4.1.2    Use case: HIMARS by Lockheed Martin          120

7.4.2        AIR-TO-SURFACE             121

7.4.2.1    Need for low-cost, lightweight precision strike options 121

7.4.2.2    Use case: FZ275 LGR by Thales        121

7.5           GUIDED AMMUNITION 122

7.5.1        GUIDED MORTARS          122

7.5.1.1    Growing traction due to improved accuracy and operational effectiveness          122

7.5.1.2    Use case: XM395 by Northrop Grumman        123

7.5.2        GUIDED ARTILLERY SHELLS       123

7.5.2.1    Transformation of conventional artillery into high-precision, long-range strike systems    123

7.5.2.2    Use case: M982 Excalibur by RTX and BAE Systems    123

7.5.3        GLIDE BOMBS   124

7.5.3.1    Compatibility with fourth- and fifth-generation aircraft and UAVs      124

7.5.3.2    Use case: GBU-39/B SDB I by Boeing             124

7.6           TORPEDOES      124

7.6.1        SUBSEA-TO-SURFACE    125

7.6.1.1    Growing threats from surface combatants, carriers, and amphibious fleets 125

7.6.1.2    Use case: Black Shark by Leonardo   126

7.6.2        SURFACE-TO-SUBSEA    126

7.6.2.1    Rising proliferation of stealthy, long-endurance submarines in modern naval fleets              126

7.6.2.2    Use case: MU90 Impact by Thales and Naval Group     126

7.6.3        SURFACE-TO-SURFACE 127

7.6.3.1    Increasing threat of naval confrontations in coastal and enclosed sea regions             127

7.6.3.2    Use case: MILAS by MBDA               127

7.7           LOITERING MUNITIONS               127

7.7.1        RECOVERABLE 128

7.7.1.1    Excellent surveillance and precision strike capabilities in multiple-use operations       128

7.7.1.2    Use case: SkyStriker by Elbit Systems               128

7.7.2        EXPENDABLE    129

7.7.2.1    Extensive use in contested environments due to low cost and real-time target acquisition         129

7.7.2.2    Use case: Harop by IAI        129

8               PRECISION-GUIDED MUNITION MARKET, BY SYSTEM                 130

8.1           INTRODUCTION              131

8.2           GUIDANCE & NAVIGATION SYSTEMS     132

8.2.1        INERTIAL NAVIGATION SYSTEMS             133

8.2.1.1    Prevalence of electronic warfare, spoofing, and satellite denial in contested environments       133

8.2.1.2    Use case: Excalibur M982 by RTX and BAE Systems    133

8.2.2        GLOBAL POSITIONING SYSTEMS              133

8.2.2.1    Need for high-precision navigation over long distances 133

8.2.2.2    Use case: JDAM by Boeing 134

8.2.3        TERRAIN CONTOUR MATCHING RADAR               134

8.2.3.1    Resurgence of electronic warfare and GNSS spoofing   134

8.2.3.2    Use case: Tomahawk by RTX             134

8.3           TARGET ACQUISITION SYSTEMS              135

8.3.1        EO/IR    136

8.3.1.1    Development of smaller and more efficient infrared systems for precision-guided munitions                136

8.3.1.2    Use case: Brimstone II by MBDA     136

8.3.1.3    IIR homing             136

8.3.1.4    IR homing              137

8.3.2        RADAR  137

8.3.2.1    Superior performance in all-weather, beyond-visual-range, and high-speed engagement scenarios     137

8.3.2.2    Use case: Aster 30 by MBDA             137

8.3.2.3    Active homing       138

8.3.2.4    Semi-active homing              138

8.3.2.5    Passive homing     138

8.3.3        LASER/LIDAR    138

8.3.3.1    Emphasis on low-collateral-damage strikes in modern warfare                 138

8.3.3.2    Use case: GBU-53/B StormBreaker by RTX   138

8.3.3.3    Active     139

8.3.3.4    Semi-active            139

8.3.4        MULTI-MODE   139

8.3.4.1    Operational versatility and enhanced strike accuracy    139

8.3.4.2    GBU-53/B StormBreaker by RTX    139

8.4           PROPULSION SYSTEMS 140

8.4.1        SOLID   141

8.4.1.1    Wide acceptance in short-range ballistic missiles and loitering munitions               141

8.4.1.2    Use case: AGM-114 Hellfire by Lockheed Martin          141

8.4.2        LIQUID 141

8.4.2.1    Shift toward longer-range, high-agility, and precision strike capabilities             141

8.4.2.2    Use case: R-27 (AA-10 Alamo) by Soviet Union             142

8.4.3        HYBRID                142

8.4.3.1    Growing complexity of mission profiles and increasing demand for agile munitions                142

8.4.3.2    Use case: HSTDV by DRDO             142

8.4.4        RAMJET                143

8.4.4.1    Ability to deliver sustained high-speed flight over extended ranges     143

8.4.4.2    Use case: Meteor by MBDA               143

8.4.5        SCRAMJET           143

8.4.5.1    Defense initiatives aimed at accelerating research and development          143

8.4.5.2    Use case: HAWC by DARPA              144

8.4.6        TURBOJET          144

8.4.6.1    High demand for compact, cost-effective, and extended-range strike capabilities from militaries       144

8.4.6.2    Use case: AGM-86B ALCM by RTX 144

8.4.7        ELECTRIC            145

8.4.7.1    Innovations in defense programs       145

8.4.7.2    Use case: SkyStriker by Elbit Systems and Switchblade 300 by AeroVironment     145

8.5           WARHEADS        146

8.5.1        BLAST WARHEADS          147

8.5.1.1    Suitable for urban operations, airfield denial, and missions requiring controlled destruction        147

8.5.1.2    Use case: Tomahawk Block IV by RTX             147

8.5.2        CONTINUOUS ROD WARHEADS                147

8.5.2.1    Effectiveness against fast-moving airborne targets         147

8.5.2.2    Use case: AIM-120 AMRAAM D by RTX        148

8.5.3        FRAGMENTATION WARHEADS 148

8.5.3.1    Deployment in urban combat, counter-insurgency missions, and air defense operations          148

8.5.3.2    Use case: NASAMS by RTX                148

8.5.4        KINETIC ENERGY PERPETRATORS           149

8.5.4.1    Increasing concerns about deeply buried targets and hardened enemy assets          149

8.5.4.2    Use case: CHAMP                149

8.5.5        THERMOBARIC/SHAPED CHARGE WARHEADS  149

8.5.5.1    Rising strategic importance due to effectiveness in engaging fortified, enclosed, and armored targets            149

8.5.5.2    Use case: Brimstone by MBDA         150

8.5.6        SMART SUBMUNITIONS                150

8.5.6.1    Replacement of traditional cluster munitions  150

8.5.6.2    Use case: CBU-105 by Textron          150

8.6           POWER SUPPLY SYSTEMS            151

8.6.1        ALTERNATORS 151

8.6.1.1    Focus on reducing reliance on heavy or limited-life onboard batteries 151

8.6.1.2    Use case: AGM-86 ALCM by Boeing                152

8.6.2        BATTERIES         152

8.6.2.1    Elevated demand for compact, high-energy, and reliable power solutions 152

8.6.2.2    Use case: IM-92 Stinger by RTX        152

9               PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM         153

9.1           INTRODUCTION              154

9.2           LAND    155

9.2.1        RAPID DEPLOYMENT AND REPOSITIONING CAPABILITIES IN DYNAMIC COMBAT ENVIRONMENTS 155

9.3           AIRBORNE           155

9.3.1        EXTENSIVE USE IN HIGH-PRIORITY MISSIONS   155

9.4           NAVAL  156

9.4.1        ABILITY TO MAINTAIN STRONG DEFENSE POSTURE                 156

10            PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION       157

10.1         INTRODUCTION              158

10.2         AUTONOMOUS 159

10.2.1      FASTER RESPONSE TIMES AND HIGHER OPERATIONAL FLEXIBILITY       159

10.3         SEMI-AUTONOMOUS     159

10.3.1      REDUCED OPERATIONAL RESPONSE TIMES AND INCREASED TARGETING ACCURACY      159

11            PRECISION-GUIDED MUNITION MARKET, BY SPEED                 160

11.1         INTRODUCTION              161

11.2         SUBSONIC           162

11.2.1      EXTENDED RANGE AND PRECISE TARGETING CAPABILITIES   162

11.3         SUPERSONIC     162

11.3.1      RAPID RESPONSE AND DEEP-STRIKE VERSATILITY                 162

11.4         HYPERSONIC     163

11.4.1      UNMATCHED SPEED, PRECISION, AND STRATEGIC DISRUPTION     163

12            PRECISION-GUIDED MUNITION MARKET, BY RANGE                 164

12.1         INTRODUCTION              165

12.2         SHORT RANGE  166

12.2.1      DEPLOYMENT OF AGILE DEFENSE SYSTEMS FOR CLOSE-RANGE THREAT NEUTRALIZATION         166

12.3         MEDIUM RANGE               166

12.3.1      GLOBAL TREND TOWARD SELF-RELIANT MISSILE MANUFACTURING          166

12.4         LONG RANGE    166

12.4.1      IMPROVED TACTICAL AND STRATEGIC OPERATIONS WITH LONG-RANGE CAPABILITIES         166

12.5         EXTENDED RANGE          167

12.5.1      ENHANCED NATIONAL DETERRENCE THROUGH DEEP-STRIKE MISSILE TECHNOLOGIES              167

13            PRECISION-GUIDED MUNITION MARKET, BY REGION                 168

13.1         INTRODUCTION              169

13.2         NORTH AMERICA             170

13.2.1      PESTLE ANALYSIS            171

13.2.2      DEFENSE PROGRAMS     173

13.2.3      US           178

13.2.3.1  Robust military-industrial infrastructure and strategic imperatives to drive market                 178

13.2.4      CANADA               181

13.2.4.1  Emphasis on defense modernization to drive market     181

13.3         EUROPE               183

13.3.1      PESTLE ANALYSIS            184

13.3.2      DEFENSE PROGRAMS     185

13.3.3      UK          189

13.3.3.1  Strategic Indo-Pacific realignment to drive market        189

13.3.4      FRANCE                191

13.3.4.1  Defense industrial sovereignty and multinational collaborations to drive market      191

13.3.5      GERMANY           194

13.3.5.1  Commitment to precision-focused deterrence to drive market                 194

13.3.6      ITALY    197

13.3.6.1  Expanding defense manufacturing capabilities to drive market                 197

13.3.7      RUSSIA 199

13.3.7.1  Robust domestic R&D capacity to drive market              199

13.3.8      REST OF EUROPE             202

13.4         ASIA PACIFIC     205

13.4.1      PESTLE ANALYSIS            206

13.4.2      DEFENSE PROGRAMS     207

13.4.3      CHINA  211

13.4.3.1  Military modernization efforts and increased defense budget to drive market          211

13.4.4      INDIA    213

13.4.4.1  Evolving defense policies and regional security concerns to drive market    213

13.4.5      JAPAN   216

13.4.5.1  Strategic defense investments and focus on military self-sufficiency to drive market  216

13.4.6      SOUTH KOREA  219

13.4.6.1  Emphasis on strengthening defense capabilities amid growing security threats to drive market          219

13.4.7      AUSTRALIA         221

13.4.7.1  Substantial increase in defense spending to drive market                 221

13.4.8      REST OF ASIA PACIFIC   224

13.5         MIDDLE EAST   227

13.5.1      PESTLE ANALYSIS            228

13.5.2      DEFENSE PROGRAMS     229

13.5.3      SAUDI ARABIA  232

13.5.3.1  Vision 2030 agenda and strategic partnerships to drive market                 232

13.5.4      ISRAEL  235

13.5.4.1  Persistent asymmetric threats to drive market 235

13.5.5      TURKEY                238

13.5.5.1  Focus on indigenous innovation and robust export-oriented defense industry to drive market        238

13.5.6      REST OF MIDDLE EAST 240

13.6         REST OF THE WORLD    243

13.6.1      PESTLE ANALYSIS            244

13.6.2      DEFENSE PROGRAMS     246

13.6.3      LATIN AMERICA                249

13.6.3.1  Increasing investments in counter-insurgency and border control technologies to drive market               249

13.6.4      AFRICA 252

13.6.4.1  Increased defense modernization initiatives to drive market                 252

14            COMPETITIVE LANDSCAPE         255

14.1         INTRODUCTION              255

14.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 255

14.3         MARKET SHARE ANALYSIS, 2024                 257

14.4         REVENUE ANALYSIS, 2021–2024  260

14.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 261

14.5.1      STARS   261

14.5.2      EMERGING LEADERS     261

14.5.3      PERVASIVE PLAYERS      261

14.5.4      PARTICIPANTS 261

14.5.5      COMPANY FOOTPRINT 263

14.5.5.1  Company footprint               263

14.5.5.2  Region footprint   264

14.5.5.3  Product footprint  265

14.5.5.4  Speed footprint     266

14.6         COMPANY EVALUATION MATRIX: START-UPS/SMES, 2024        267

14.6.1      PROGRESSIVE COMPANIES         267

14.6.2      RESPONSIVE COMPANIES            267

14.6.3      DYNAMIC COMPANIES  267

14.6.4      STARTING BLOCKS         267

14.6.5      COMPETITIVE BENCHMARKING               269

14.6.5.1  List of start-ups/SMEs        269

14.6.5.2  Competitive benchmarking of start-ups/SMEs               269

14.7         COMPANY VALUATION AND FINANCIAL METRICS                 270

14.8         BRAND/PRODUCT COMPARISON             271

14.9         COMPETITIVE SCENARIO             272

14.9.1      PRODUCT LAUNCHES/DEVELOPMENTS               272

14.9.2      DEALS  273

14.9.3      OTHERS                279

15            COMPANY PROFILES      289

15.1         KEY PLAYERS     289

15.1.1      NORTHROP GRUMMAN                 289

15.1.1.1  Business overview 289

15.1.1.2  Products offered   290

15.1.1.3  Recent developments           291

15.1.1.3.1                Product launches/developments        291

15.1.1.3.2                Deals      291

15.1.1.3.3                Others    292

15.1.1.4  MnM view              293

15.1.1.4.1                Key strengths        293

15.1.1.4.2                Strategic choices   293

15.1.1.4.3                Weaknesses and competitive threats 293

15.1.2      LOCKHEED MARTIN CORPORATION      294

15.1.2.1  Business overview 294

15.1.2.2  Products offered   295

15.1.2.3  Recent developments           296

15.1.2.3.1                Deals      296

15.1.2.3.2                Others    296

15.1.2.4  MnM view              298

15.1.2.4.1                Key strengths        298

15.1.2.4.2                Strategic choices   298

15.1.2.4.3                Weaknesses and competitive threats 298

15.1.3      RTX        299

15.1.3.1  Business overview 299

15.1.3.2  Products offered   300

15.1.3.3  Recent developments           302

15.1.3.3.1                Others    302

15.1.3.4  MnM view              303

15.1.3.4.1                Key strengths        303

15.1.3.4.2                Strategic choices   303

15.1.3.4.3                Weaknesses and competitive threats 303

15.1.4      BOEING                304

15.1.4.1  Business overview 304

15.1.4.2  Products offered   305

15.1.4.3  Recent developments           306

15.1.4.3.1                Product launches/developments        306

15.1.4.3.2                Deals      307

15.1.4.3.3                Others    307

15.1.4.4  MnM view              308

15.1.4.4.1                Key strengths        308

15.1.4.4.2                Strategic choices   308

15.1.4.4.3                Weaknesses and competitive threats 308

15.1.5      GENERAL DYNAMICS CORPORATION    309

15.1.5.1  Business overview 309

15.1.5.2  Products offered   310

15.1.5.3  Recent developments           311

15.1.5.3.1                Deals      311

15.1.5.3.2                Others    311

15.1.5.4  MnM view              312

15.1.5.4.1                Key strengths        312

15.1.5.4.2                Strategic choices   312

15.1.5.4.3                Weaknesses and competitive threats 312

15.1.6      BAE SYSTEMS    313

15.1.6.1  Business overview 313

15.1.6.2  Products offered   314

15.1.6.3  Recent developments           315

15.1.6.3.1                Product launches/developments        315

15.1.6.3.2                Others    316

15.1.7      ASELSAN A.S.     317

15.1.7.1  Business overview 317

15.1.7.2  Products offered   318

15.1.7.3  Recent developments           319

15.1.7.3.1                Deals      319

15.1.7.3.2                Others    319

15.1.8      MBDA   320

15.1.8.1  Business overview 320

15.1.8.2  Products offered   320

15.1.8.3  Recent developments           321

15.1.8.3.1                Product launches/developments        321

15.1.8.3.2                Deals      322

15.1.8.3.3                Others    322

15.1.9      ISRAEL AEROSPACE INDUSTRIES LTD.   323

15.1.9.1  Business overview 323

15.1.9.2  Products offered   324

15.1.9.3  Recent developments           324

15.1.9.3.1                Deals      324

15.1.9.3.2                Others    325

15.1.10   THALES                326

15.1.10.1                 Business overview 326

15.1.10.2                 Products offered   327

15.1.10.3                 Recent developments           328

15.1.10.3.1             Deals      328

15.1.10.3.2             Others    329

15.1.11   RHEINMETALL AG           330

15.1.11.1                 Business overview 330

15.1.11.2                 Products offered   331

15.1.11.3                 Recent developments           332

15.1.11.3.1             Deals      332

15.1.11.3.2             Others    332

15.1.12   LEONARDO S.P.A.            333

15.1.12.1                 Business overview 333

15.1.12.2                 Products offered   334

15.1.12.3                 Recent developments           335

15.1.12.3.1             Deals      335

15.1.12.3.2             Others    336

15.1.13   KONGSBERG      337

15.1.13.1                 Business overview 337

15.1.13.2                 Products offered   338

15.1.13.3                 Recent developments           339

15.1.13.3.1             Deals      339

15.1.13.3.2             Others    339

15.1.14   SAAB AB               341

15.1.14.1                 Business overview 341

15.1.14.2                 Products offered   342

15.1.14.3                 Recent developments           343

15.1.14.3.1             Deals      343

15.1.14.3.2             Others    343

15.1.15   ELBIT SYSTEMS LTD.     345

15.1.15.1                 Business overview 345

15.1.15.2                 Products offered   346

15.1.15.3                 Recent developments           347

15.1.15.3.1             Others    347

15.1.16   RAFAEL ADVANCED DEFENSE SYSTEMS LTD.     348

15.1.16.1                 Business overview 348

15.1.16.2                 Products offered   349

15.1.16.3                 Recent developments           350

15.1.16.3.1             Deals      350

15.1.17   LEIDOS 351

15.1.17.1                 Business overview 351

15.1.17.2                 Products offered   352

15.1.17.3                 Recent developments           353

15.1.17.3.1             Others    353

15.1.18   GENERAL ATOMICS        354

15.1.18.1                 Business overview 354

15.1.18.2                 Products offered   354

15.1.18.3                 Recent developments           355

15.1.18.3.1             Deals      355

15.1.18.3.2             Others    355

15.1.19   DENEL DYNAMICS           356

15.1.19.1                 Business overview 356

15.1.19.2                 Products offered   356

15.1.20   HANWHA GROUP             357

15.1.20.1                 Business overview 357

15.1.20.2                 Products offered   358

15.1.20.3                 Recent developments           358

15.1.20.3.1             Deals      358

15.1.20.3.2             Others    359

15.1.21   POLSKA GRUPA ZBROJENIOWA 360

15.1.21.1                 Business overview 360

15.1.21.2                 Products offered   360

15.1.21.3                 Recent developments           361

15.1.21.3.1             Deals      361

15.1.21.3.2             Others    361

15.1.22   ROSTEC                362

15.1.22.1                 Business overview 362

15.1.22.2                 Products offered   362

15.1.22.3                 Recent developments           363

15.1.22.3.1             Others    363

15.2         OTHER PLAYERS              364

15.2.1      ROKETSAN          364

15.2.2      BHARAT DYNAMICS LIMITED    365

15.2.3      LIG NEX1              366

15.2.4      DRDO   367

16            APPENDIX           368

16.1         DISCUSSION GUIDE        368

16.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                371

16.3         CUSTOMIZATION OPTIONS        373

16.4         RELATED REPORTS         373

16.5         AUTHOR DETAILS           374

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES 37

TABLE 2                US PRECISION-GUIDED MUNITION PROCUREMENT, 2024     57

TABLE 3                ROLE OF COMPANIES IN ECOSYSTEM    66

TABLE 4                IMPORT DATA FOR HS CODE 9306-COMPLIANT PRODUCTS, BY COUNTRY,

2021–2024 (USD THOUSAND)      72

TABLE 5                EXPORT DATA FOR HS CODE 9306-COMPLIANT PRODUCTS, BY COUNTRY,

2021–2024 (USD THOUSAND)      73

TABLE 6                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE

PRODUCTS (%) 74

TABLE 7                KEY BUYING CRITERIA FOR TOP THREE PLATFORMS       75

TABLE 8                US-ADJUSTED RECIPROCAL TARIFF RATES                 76

TABLE 9                KEY PRODUCT-RELATED TARIFF EFFECTIVE FOR PRECISION-GUIDED MUNITION MARKET   77

TABLE 10              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 81

TABLE 11              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           81

TABLE 12              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 82

TABLE 13              MIDDLE EAST: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 82

TABLE 14              REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  83

TABLE 15              KEY CONFERENCES AND EVENTS, 2025–2026                 83

TABLE 16              AVERAGE SELLING PRICE OF PRECISION-GUIDED MUNITIONS, BY PRODUCT,

2024 (USD MILLION)       85

TABLE 17              AVERAGE SELLING PRICE OF PRECISION-GUIDED MUNITIONS, BY REGION,

2024 (USD MILLION)       85

TABLE 18              OPERATIONAL DATA FOR PRECISION-GUIDED MUNITION PRODUCTS,

2021–2024 (UNITS)            85

TABLE 19              OPERATIONAL DATA FOR PRECISION-GUIDED MUNITION PRODUCTS,

2025–2030 (UNITS)            86

TABLE 20              BILL OF MATERIALS FOR JOINT DIRECT ATTACK MUNITIONS     95

TABLE 21              BILL OF MATERIALS FOR GUIDED MULTIPLE LAUNCH ROCKET SYSTEMS        96

TABLE 22              TOTAL COST OF OWNERSHIP FOR JOINT DIRECT ATTACK MUNITIONS    98

TABLE 23              TOTAL COST OF OWNERSHIP FOR GUIDED MULTIPLE LAUNCH ROCKET SYSTEMS 99

TABLE 24              BUSINESS MODELS IN PRECISION-GUIDED MUNITION MARKET       101

TABLE 25              PATENT ANALYSIS          110

TABLE 26              PRECISION-GUIDED MUNITION MARKET, BY PRODUCT, 2021–2024 (USD MILLION)     114

TABLE 27              PRECISION-GUIDED MUNITION MARKET, BY PRODUCT, 2025–2030 (USD MILLION)     115

TABLE 28              TACTICAL MISSILES: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2021–2024 (USD MILLION)            115

TABLE 29              TACTICAL MISSILES: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2025–2030 (USD MILLION)            115

TABLE 30              INTERCEPTOR MISSILES: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2021–2024 (USD MILLION)            117

TABLE 31              INTERCEPTOR MISSILES: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2025–2030 (USD MILLION)            118

TABLE 32              GUIDED ROCKETS: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2021–2024 (USD MILLION)            120

TABLE 33              GUIDED ROCKETS: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2025–2030 (USD MILLION)            120

TABLE 34              GUIDED AMMUNITION: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2021–2024 (USD MILLION)            122

TABLE 35              GUIDED AMMUNITION: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2025–2030 (USD MILLION)            122

TABLE 36              TORPEDOES: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2021–2024 (USD MILLION)            125

TABLE 37              TORPEDOES: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2025–2030 (USD MILLION)            125

TABLE 38              LOITERING MUNITIONS: PRECISION-GUIDED MUNITION MARKET,

BY TYPE, 2021–2024 (USD MILLION)         127

TABLE 39              LOITERING MUNITIONS: PRECISION-GUIDED MUNITION MARKET,

BY TYPE, 2025–2030 (USD MILLION)         128

TABLE 40              PRECISION-GUIDED MUNITION MARKET, BY SYSTEM, 2021–2024 (USD MILLION)          131

TABLE 41              PRECISION-GUIDED MUNITION MARKET, BY SYSTEM, 2025–2030 (USD MILLION)          132

TABLE 42              GUIDANCE & NAVIGATION SYSTEMS: PRECISION-GUIDED MUNITION MARKET,

BY TYPE, 2021–2024 (USD MILLION)         132

TABLE 43              GUIDANCE & NAVIGATION SYSTEMS: PRECISION-GUIDED MUNITION MARKET,

BY TYPE, 2025–2030 (USD MILLION)         132

TABLE 44              TARGET ACQUISITION SYSTEMS: PRECISION-GUIDED MUNITION MARKET,

BY TYPE, 2021–2024 (USD MILLION)         135

TABLE 45              TARGET ACQUISITION SYSTEMS: PRECISION-GUIDED MUNITION MARKET,

BY TYPE, 2025–2030 (USD MILLION)         135

TABLE 46              PROPULSION SYSTEMS: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2021–2024 (USD MILLION)            140

TABLE 47              PROPULSION SYSTEMS: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2025–2030 (USD MILLION)            140

TABLE 48              WARHEADS: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2021–2024 (USD MILLION)            146

TABLE 49              WARHEADS: PRECISION-GUIDED MUNITION MARKET, BY TYPE,

2025–2030 (USD MILLION)            146

TABLE 50              POWER SUPPLY SYSTEMS: PRECISION-GUIDED MUNITION MARKET, BY TYPE, 2021–2024 (USD MILLION)                 151

TABLE 51              POWER SUPPLY SYSTEMS: PRECISION-GUIDED MUNITION MARKET, BY TYPE, 2025–2030 (USD MILLION)                 151

TABLE 52              PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            154

TABLE 53              PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            155

TABLE 54              PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            158

TABLE 55              PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            158

TABLE 56              PRECISION-GUIDED MUNITION MARKET, BY SPEED, 2021–2024 (USD MILLION)             161

TABLE 57              PRECISION-GUIDED MUNITION MARKET, BY SPEED, 2025–2030 (USD MILLION)             161

TABLE 58              HYPERSONIC MISSILES, BY COUNTRY    163

TABLE 59              PRECISION-GUIDED MUNITION MARKET, BY RANGE, 2021–2024 (USD MILLION)            165

TABLE 60              PRECISION-GUIDED MUNITION MARKET, BY RANGE, 2025–2030 (USD MILLION)            165

TABLE 61              PRECISION-GUIDED MUNITION MARKET, BY REGION, 2021–2024 (USD MILLION)          170

TABLE 62              PRECISION-GUIDED MUNITION MARKET, BY REGION, 2025–2030 (USD MILLION)          170

TABLE 63              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            175

TABLE 64              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            175

TABLE 65              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            176

TABLE 66              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            176

TABLE 67              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)            176

TABLE 68              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)            177

TABLE 69              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)            177

TABLE 70              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)            177

TABLE 71              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            177

TABLE 72              NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            178

TABLE 73              US: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            178

TABLE 74              US: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            179

TABLE 75              US: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            179

TABLE 76              US: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            179

TABLE 77              US: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            180

TABLE 78              US: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            180

TABLE 79              US: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            180

TABLE 80              US: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            180

TABLE 81              CANADA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            181

TABLE 82              CANADA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            181

TABLE 83              CANADA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            182

TABLE 84              CANADA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            182

TABLE 85              CANADA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 182

TABLE 86              CANADA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 183

TABLE 87              CANADA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            183

TABLE 88              CANADA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            183

TABLE 89              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            186

TABLE 90              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            186

TABLE 91              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            187

TABLE 92              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            187

TABLE 93              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 187

TABLE 94              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 188

TABLE 95              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            188

TABLE 96              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            188

TABLE 97              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            188

TABLE 98              EUROPE: PRECISION-GUIDED MUNITION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            189

TABLE 99              UK: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            189

TABLE 100            UK: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            190

TABLE 101            UK: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            190

TABLE 102            UK: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            190

TABLE 103            UK: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            190

TABLE 104            UK: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            191

TABLE 105            UK: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            191

TABLE 106            UK: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            191

TABLE 107            FRANCE: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            192

TABLE 108            FRANCE: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            192

TABLE 109            FRANCE: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            192

TABLE 110            FRANCE: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            193

TABLE 111            FRANCE: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 193

TABLE 112            FRANCE: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 193

TABLE 113            FRANCE: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            194

TABLE 114            FRANCE: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            194

TABLE 115            GERMANY: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            195

TABLE 116            GERMANY: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            195

TABLE 117            GERMANY: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            195

TABLE 118            GERMANY: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            196

TABLE 119            GERMANY: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 196

TABLE 120            GERMANY: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 196

TABLE 121            GERMANY: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)                 196

TABLE 122            GERMANY: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)                 197

TABLE 123            ITALY: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            197

TABLE 124            ITALY: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            197

TABLE 125            ITALY: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            198

TABLE 126            ITALY: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            198

TABLE 127            ITALY: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            198

TABLE 128            ITALY: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            198

TABLE 129            ITALY: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            199

TABLE 130            ITALY: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            199

TABLE 131            RUSSIA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            200

TABLE 132            RUSSIA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            200

TABLE 133            RUSSIA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            200

TABLE 134            RUSSIA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            201

TABLE 135            RUSSIA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            201

TABLE 136            RUSSIA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            201

TABLE 137            RUSSIA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            201

TABLE 138            RUSSIA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            202

TABLE 139            REST OF EUROPE: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            202

TABLE 140            REST OF EUROPE: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            203

TABLE 141            REST OF EUROPE: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            203

TABLE 142            REST OF EUROPE: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            203

TABLE 143            REST OF EUROPE: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)            204

TABLE 144            REST OF EUROPE: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)            204

TABLE 145            REST OF EUROPE: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)            204

TABLE 146            REST OF EUROPE: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)            204

TABLE 147            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            208

TABLE 148            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            208

TABLE 149            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            208

TABLE 150            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            209

TABLE 151            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 209

TABLE 152            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 209

TABLE 153            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)                 209

TABLE 154            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)                 210

TABLE 155            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            210

TABLE 156            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            210

TABLE 157            CHINA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            211

TABLE 158            CHINA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            211

TABLE 159            CHINA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            212

TABLE 160            CHINA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            212

TABLE 161            CHINA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            212

TABLE 162            CHINA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            213

TABLE 163            CHINA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            213

TABLE 164            CHINA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            213

TABLE 165            INDIA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            214

TABLE 166            INDIA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            214

TABLE 167            INDIA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            214

TABLE 168            INDIA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            215

TABLE 169            INDIA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            215

TABLE 170            INDIA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            215

TABLE 171            INDIA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            215

TABLE 172            INDIA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            216

TABLE 173            JAPAN: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            216

TABLE 174            JAPAN: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            217

TABLE 175            JAPAN: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            217

TABLE 176            JAPAN: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            217

TABLE 177            JAPAN: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            218

TABLE 178            JAPAN: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            218

TABLE 179            JAPAN: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            218

TABLE 180            JAPAN: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            218

TABLE 181            SOUTH KOREA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            219

TABLE 182            SOUTH KOREA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            219

TABLE 183            SOUTH KOREA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            220

TABLE 184            SOUTH KOREA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            220

TABLE 185            SOUTH KOREA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 220

TABLE 186            SOUTH KOREA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 221

TABLE 187            SOUTH KOREA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)                 221

TABLE 188            SOUTH KOREA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)                 221

TABLE 189            AUSTRALIA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            222

TABLE 190            AUSTRALIA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            222

TABLE 191            AUSTRALIA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            222

TABLE 192            AUSTRALIA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            223

TABLE 193            AUSTRALIA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 223

TABLE 194            AUSTRALIA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 223

TABLE 195            AUSTRALIA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)                 224

TABLE 196            AUSTRALIA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)                 224

TABLE 197            REST OF ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            224

TABLE 198            REST OF ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            225

TABLE 199            REST OF ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT, 2021–2024 (USD MILLION)                 225

TABLE 200            REST OF ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT, 2025–2030 (USD MILLION)                 225

TABLE 201            REST OF ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)            226

TABLE 202            REST OF ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)            226

TABLE 203            REST OF ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)            226

TABLE 204            REST OF ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)            226

TABLE 205            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            229

TABLE 206            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            229

TABLE 207            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            230

TABLE 208            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            230

TABLE 209            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 230

TABLE 210            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 231

TABLE 211            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)                 231

TABLE 212            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)                 231

TABLE 213            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY COUNTRY,

2021–2024 (USD MILLION)            231

TABLE 214            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            232

TABLE 215            SAUDI ARABIA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            232

TABLE 216            SAUDI ARABIA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            233

TABLE 217            SAUDI ARABIA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            233

TABLE 218            SAUDI ARABIA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            233

TABLE 219            SAUDI ARABIA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 234

TABLE 220            SAUDI ARABIA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 234

TABLE 221            SAUDI ARABIA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)                 234

TABLE 222            SAUDI ARABIA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)                 234

TABLE 223            ISRAEL: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            235

TABLE 224            ISRAEL: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            235

TABLE 225            ISRAEL: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            236

TABLE 226            ISRAEL: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            236

TABLE 227            ISRAEL: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            236

TABLE 228            ISRAEL: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            237

TABLE 229            ISRAEL: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            237

TABLE 230            ISRAEL: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            237

TABLE 231            TURKEY: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            238

TABLE 232            TURKEY: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            238

TABLE 233            TURKEY: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            239

TABLE 234            TURKEY: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            239

TABLE 235            TURKEY: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)                 239

TABLE 236            TURKEY: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)                 240

TABLE 237            TURKEY: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            240

TABLE 238            TURKEY: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            240

TABLE 239            REST OF MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            241

TABLE 240            REST OF MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            241

TABLE 241            REST OF MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT, 2021–2024 (USD MILLION)                 241

TABLE 242            REST OF MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT, 2025–2030 (USD MILLION)                 242

TABLE 243            REST OF MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)            242

TABLE 244            REST OF MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)            242

TABLE 245            REST OF MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)            242

TABLE 246            REST OF MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)            243

TABLE 247            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            246

TABLE 248            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            246

TABLE 249            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT, 2021–2024 (USD MILLION)                 247

TABLE 250            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT, 2025–2030 (USD MILLION)                 247

TABLE 251            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)            247

TABLE 252            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)            248

TABLE 253            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)            248

TABLE 254            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)            248

TABLE 255            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY REGION,

2021–2024 (USD MILLION)            248

TABLE 256            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET, BY REGION,

2025–2030 (USD MILLION)            249

TABLE 257            LATIN AMERICA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            249

TABLE 258            LATIN AMERICA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            250

TABLE 259            LATIN AMERICA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            250

TABLE 260            LATIN AMERICA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            250

TABLE 261            LATIN AMERICA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2021–2024 (USD MILLION)            251

TABLE 262            LATIN AMERICA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION, 2025–2030 (USD MILLION)            251

TABLE 263            LATIN AMERICA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2021–2024 (USD MILLION)            251

TABLE 264            LATIN AMERICA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM, 2025–2030 (USD MILLION)            251

TABLE 265            AFRICA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2021–2024 (USD MILLION)            252

TABLE 266            AFRICA: PRECISION-GUIDED MUNITION MARKET, BY SPEED,

2025–2030 (USD MILLION)            252

TABLE 267            AFRICA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2021–2024 (USD MILLION)            253

TABLE 268            AFRICA: PRECISION-GUIDED MUNITION MARKET, BY PRODUCT,

2025–2030 (USD MILLION)            253

TABLE 269            AFRICA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2021–2024 (USD MILLION)            253

TABLE 270            AFRICA: PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            254

TABLE 271            AFRICA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2021–2024 (USD MILLION)            254

TABLE 272            AFRICA: PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            254

TABLE 273            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024        255

TABLE 274            PRECISION-GUIDED MUNITION MARKET: DEGREE OF COMPETITION         258

TABLE 275            REGION FOOTPRINT     264

TABLE 276            PRODUCT FOOTPRINT 265

TABLE 277            SPEED FOOTPRINT         266

TABLE 278            LIST OF START-UPS/SMES           269

TABLE 279            COMPETITIVE BENCHMARKING OF START-UPS/SMES           269

TABLE 280            PRECISION-GUIDED MUNITION MARKET: PRODUCT LAUNCHES/

DEVELOPMENTS, 2021–2025         272

TABLE 281            PRECISION-GUIDED MUNITION MARKET: DEALS, 2021–2025              273

TABLE 282            PRECISION-GUIDED MUNITION MARKET: OTHERS, 2021–2025          279

TABLE 283            NORTHROP GRUMMAN: COMPANY OVERVIEW                 289

TABLE 284            NORTHROP GRUMMAN: PRODUCTS OFFERED                 290

TABLE 285            NORTHROP GRUMMAN: PRODUCT LAUNCHES/DEVELOPMENTS    291

TABLE 286            NORTHROP GRUMMAN: DEALS                 291

TABLE 287            NORTHROP GRUMMAN: OTHERS             292

TABLE 288            LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW          294

TABLE 289            LOCKHEED MARTIN CORPORATION: PRODUCTS OFFERED    295

TABLE 290            LOCKHEED MARTIN CORPORATION: DEALS                 296

TABLE 291            LOCKHEED MARTIN CORPORATION: OTHERS                 296

TABLE 292            RTX: COMPANY OVERVIEW         299

TABLE 293            RTX: PRODUCTS OFFERED          300

TABLE 294            RTX: OTHERS     302

TABLE 295            BOEING: COMPANY OVERVIEW 304

TABLE 296            BOEING: PRODUCTS OFFERED 305

TABLE 297            BOEING: PRODUCT LAUNCHES/DEVELOPMENTS    306

TABLE 298            BOEING: DEALS                307

TABLE 299            BOEING: OTHERS             307

TABLE 300            GENERAL DYNAMICS CORPORATION: COMPANY OVERVIEW   309

TABLE 301            GENERAL DYNAMICS CORPORATION: PRODUCTS OFFERED    310

TABLE 302            GENERAL DYNAMICS CORPORATION: DEALS                 311

TABLE 303            GENERAL DYNAMICS CORPORATION: OTHERS                 311

TABLE 304            BAE SYSTEMS: COMPANY OVERVIEW     313

TABLE 305            BAE SYSTEMS: PRODUCTS OFFERED      314

TABLE 306            BAE SYSTEMS: PRODUCT LAUNCHES/DEVELOPMENTS    315

TABLE 307            BAE SYSTEMS: OTHERS 316

TABLE 308            ASELSAN A.S.: COMPANY OVERVIEW      317

TABLE 309            ASELSAN A.S.: PRODUCTS OFFERED       318

TABLE 310            ASELSAN A.S.: DEALS      319

TABLE 311            ASELSAN A.S.: OTHERS  319

TABLE 312            MBDA: COMPANY OVERVIEW    320

TABLE 313            MBDA: PRODUCTS OFFERED     320

TABLE 314            MBDA: PRODUCT LAUNCHES/DEVELOPMENTS                 321

TABLE 315            MBDA: DEALS   322

TABLE 316            MBDA: OTHERS                 322

TABLE 317            ISRAEL AEROSPACE INDUSTRIES LTD.: COMPANY OVERVIEW   323

TABLE 318            ISRAEL AEROSPACE INDUSTRIES LTD.: PRODUCTS OFFERED    324

TABLE 319            ISRAEL AEROSPACE INDUSTRIES LTD.: DEALS                 324

TABLE 320            ISRAEL AEROSPACE INDUSTRIES LTD.: OTHERS                 325

TABLE 321            THALES: COMPANY OVERVIEW 326

TABLE 322            THALES: PRODUCTS OFFERED 327

TABLE 323            THALES: DEALS                328

TABLE 324            THALES: OTHERS             329

TABLE 325            RHEINMETALL AG: COMPANY OVERVIEW                 330

TABLE 326            RHEINMETALL AG: PRODUCTS OFFERED                 331

TABLE 327            RHEINMETALL AG: DEALS           332

TABLE 328            RHEINMETALL AG: OTHERS       332

TABLE 329            LEONARDO S.P.A.: COMPANY OVERVIEW                 333

TABLE 330            LEONARDO S.P.A.: PRODUCTS OFFERED                 334

TABLE 331            LEONARDO S.P.A.: DEALS             335

TABLE 332            LEONARDO S.P.A.: OTHERS         336

TABLE 333            KONGSBERG: COMPANY OVERVIEW       337

TABLE 334            KONGSBERG: PRODUCTS OFFERED        338

TABLE 335            KONGSBERG: DEALS      339

TABLE 336            KONGSBERG: OTHERS   339

TABLE 337            SAAB AB: COMPANY OVERVIEW                341

TABLE 338            SAAB AB: PRODUCTS OFFERED 342

TABLE 339            SAAB AB: DEALS                343

TABLE 340            SAAB AB: OTHERS            343

TABLE 341            ELBIT SYSTEMS LTD.: COMPANY OVERVIEW                 345

TABLE 342            ELBIT SYSTEMS LTD.: PRODUCTS OFFERED                 346

TABLE 343            ELBIT SYSTEMS LTD.: OTHERS  347

TABLE 344            RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: COMPANY OVERVIEW   348

TABLE 345            RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: PRODUCTS OFFERED    349

TABLE 346            RAFAEL ADVANCED DEFENSE SYSTEMS LTD.: DEALS  350

TABLE 347            LEIDOS: COMPANY OVERVIEW 351

TABLE 348            LEIDOS: PRODUCTS OFFERED  352

TABLE 349            LEIDOS: OTHERS              353

TABLE 350            GENERAL ATOMICS: COMPANY OVERVIEW                 354

TABLE 351            GENERAL ATOMICS: PRODUCTS OFFERED                 354

TABLE 352            GENERAL ATOMICS: DEALS        355

TABLE 353            GENERAL ATOMICS: OTHERS     355

TABLE 354            DENEL DYNAMICS: COMPANY OVERVIEW                 356

TABLE 355            DENEL DYNAMICS: PRODUCTS OFFERED                 356

TABLE 356            HANWHA GROUP: COMPANY OVERVIEW                 357

TABLE 357            HANWHA GROUP: PRODUCTS OFFERED                 358

TABLE 358            HANWHA GROUP: DEALS             358

TABLE 359            HANWHA GROUP: OTHERS         359

TABLE 360            POLSKA GRUPA ZBROJENIOWA: COMPANY OVERVIEW          360

TABLE 361            POLSKA GRUPA ZBROJENIOWA: PRODUCTS OFFERED             360

TABLE 362            POLSKA GRUPA ZBROJENIOWA: DEALS 361

TABLE 363            POLSKA GRUPA ZBROJENIOWA: OTHERS                 361

TABLE 364            ROSTEC: COMPANY OVERVIEW 362

TABLE 365            ROSTEC: PRODUCTS OFFERED 362

TABLE 366            ROSTEC: OTHERS            363

LIST OF FIGURES

FIGURE 1              PRECISION-GUIDED MUNITION MARKET SEGMENTATION              35

FIGURE 2              RESEARCH DESIGN MODEL         39

FIGURE 3              RESEARCH DESIGN         40

FIGURE 4              BOTTOM-UP APPROACH              44

FIGURE 5              TOP-DOWN APPROACH                44

FIGURE 6              DATA TRIANGULATION                45

FIGURE 7              LOITERING MUNITIONS TO BE FASTEST-GROWING SEGMENT DURING

FORECAST PERIOD         48

FIGURE 8              AIRBORNE SEGMENT TO BE DOMINANT IN 2025                 49

FIGURE 9              GUIDANCE & NAVIGATION SYSTEMS TO BE LARGEST SEGMENT DURING

FORECAST PERIOD         49

FIGURE 10            SUPERSONIC SEGMENT TO ACCOUNT FOR HIGHEST SHARE IN 2030                50

FIGURE 11            NORTH AMERICA TO BE LARGEST MARKET FOR PRECISION-GUIDED MUNITIONS DURING FORECAST PERIOD                 51

FIGURE 12            SUBSTANTIAL INVESTMENTS, MILITARY MODERNIZATION PROGRAMS, AND TECHNOLOGICAL ADVANCEMENTS TO DRIVE MARKET     52

FIGURE 13            SUPERSONIC TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD       52

FIGURE 14            AUTONOMOUS TO HOLD HIGHER SHARE THAN SEMI-AUTONOMOUS DURING FORECAST PERIOD           53

FIGURE 15            AIRBORNE SEGMENT TO SECURE LEADING POSITION DURING FORECAST PERIOD 53

FIGURE 16            INDIA TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD         54

FIGURE 17            PRECISION-GUIDED MUNITION MARKET DYNAMICS          55

FIGURE 18            ADVANTAGES OF MINIATURIZATION    60

FIGURE 19            ADVANTAGES OF HYBRID MISSILES       61

FIGURE 20            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   63

FIGURE 21            VALUE CHAIN ANALYSIS               64

FIGURE 22            ECOSYSTEM ANALYSIS  66

FIGURE 23            IMPORT DATA FOR HS CODE 9306-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD THOUSAND)                 71

FIGURE 24            EXPORT DATA FOR HS CODE 9306-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2024 (USD THOUSAND)                 72

FIGURE 25            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE PRODUCTS  74

FIGURE 26            KEY BUYING CRITERIA FOR TOP THREE PLATFORMS       75

FIGURE 27            INVESTMENT AND FUNDING SCENARIO, 2020–2024        84

FIGURE 28            AI LANDSCAPE 86

FIGURE 29            IMPACT OF AI ON DEFENSE SECTOR      87

FIGURE 30            ADOPTION OF AI IN MILITARY BY TOP COUNTRIES        88

FIGURE 31            IMPACT OF AI ON PRECISION-GUIDED MUNITION MARKET       90

FIGURE 32            MACROECONOMIC OUTLOOK FOR NORTH AMERICA, EUROPE, ASIA PACIFIC,

AND MIDDLE EAST         91

FIGURE 33            MACROECONOMIC OUTLOOK FOR REST OF THE WORLD      93

FIGURE 34            BILL OF MATERIALS FOR JOINT DIRECT ATTACK MUNITIONS     95

FIGURE 35            BILL OF MATERIALS FOR GUIDED MULTIPLE LAUNCH ROCKET SYSTEMS        96

FIGURE 36            TOTAL COST OF OWNERSHIP FOR PRECISION-GUIDED MUNITIONS     97

FIGURE 37            BUSINESS MODELS IN PRECISION-GUIDED MUNITION MARKET       100

FIGURE 38            TECHNOLOGY ROADMAP OF PRECISION-GUIDED MUNITIONS     103

FIGURE 39            EVOLUTION OF PRECISION-GUIDED MUNITION TECHNOLOGY           104

FIGURE 40            SUPPLY CHAIN ANALYSIS             109

FIGURE 41            PATENT ANALYSIS          112

FIGURE 42            PRECISION-GUIDED MUNITION MARKET, BY PRODUCT, 2025–2030 (USD MILLION)     114

FIGURE 43            PRECISION-GUIDED MUNITION MARKET, BY SYSTEM, 2025–2030 (USD MILLION)          131

FIGURE 44            PRECISION-GUIDED MUNITION MARKET, BY LAUNCH PLATFORM,

2025–2030 (USD MILLION)            154

FIGURE 45            PRECISION-GUIDED MUNITION MARKET, BY MODE OF OPERATION,

2025–2030 (USD MILLION)            158

FIGURE 46            PRECISION-GUIDED MUNITION MARKET, BY SPEED, 2025–2030 (USD MILLION)             161

FIGURE 47            PRECISION-GUIDED MUNITION MARKET, BY RANGE, 2025–2030 (USD MILLION)            165

FIGURE 48            PRECISION-GUIDED MUNITION MARKET, BY REGION, 2025–2030           169

FIGURE 49            NORTH AMERICA: PRECISION-GUIDED MUNITION MARKET SNAPSHOT               171

FIGURE 50            EUROPE: PRECISION-GUIDED MUNITION MARKET SNAPSHOT       184

FIGURE 51            ASIA PACIFIC: PRECISION-GUIDED MUNITION MARKET SNAPSHOT       205

FIGURE 52            MIDDLE EAST: PRECISION-GUIDED MUNITION MARKET SNAPSHOT       227

FIGURE 53            REST OF THE WORLD: PRECISION-GUIDED MUNITION MARKET SNAPSHOT               244

FIGURE 54            MARKET SHARE OF KEY PLAYERS, 2024  257

FIGURE 55            REVENUE ANALYSIS OF KEY PLAYERS, 2021–2024 (USD MILLION) 260

FIGURE 56            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  262

FIGURE 57            COMPANY FOOTPRINT 263

FIGURE 58            COMPANY EVALUATION MATRIX (START-UPS/SMES), 2024                268

FIGURE 59            VALUATION OF PROMINENT PLAYERS  270

FIGURE 60            FINANCIAL METRICS OF PROMINENT PLAYERS                 270

FIGURE 61            BRAND/PRODUCT COMPARISON             271

FIGURE 62            NORTHROP GRUMMAN: COMPANY SNAPSHOT                 290

FIGURE 63            LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT          295

FIGURE 64            RTX: COMPANY SNAPSHOT        300

FIGURE 65            BOEING: COMPANY SNAPSHOT                 305

FIGURE 66            GENERAL DYNAMICS CORPORATION: COMPANY SNAPSHOT   310

FIGURE 67            BAE SYSTEMS: COMPANY SNAPSHOT     314

FIGURE 68            ASELSAN A.S.: COMPANY SNAPSHOT      317

FIGURE 69            ISRAEL AEROSPACE INDUSTRIES LTD.: COMPANY SNAPSHOT   323

FIGURE 70            THALES: COMPANY SNAPSHOT 327

FIGURE 71            RHEINMETALL AG: COMPANY SNAPSHOT                 331

FIGURE 72            LEONARDO S.P.A.: COMPANY SNAPSHOT                 334

FIGURE 73            KONGSBERG: COMPANY SNAPSHOT      338

FIGURE 74            SAAB AB: COMPANY SNAPSHOT                342

FIGURE 75            ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT                 346

FIGURE 76            RAFAEL ADVANCED DEFENSE SYSTEMS LTD: COMPANY SNAPSHOT   348

FIGURE 77            LEIDOS: COMPANY SNAPSHOT 352

FIGURE 78            HANWHA GROUP: COMPANY SNAPSHOT                 357