The global precision guided munition market size is accounted at USD 43.99 billion in 2025 and is forecasted to hit around USD 78.12 billion by 2034, representing a CAGR of 6.60% from 2025 to 2034. The Asia Pacific market size was estimated at USD 12.78 billion in 2024 and is expanding at a CAGR of 6.77% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Precision Guided Munition Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Precision Guided Munition Market, by Product
8.1.1. Tactical Missiles
8.1.1.1. Market Revenue and Forecast
8.1.2. Guided Rockets
8.1.2.1. Market Revenue and Forecast
8.1.3. Guided Ammunition
8.1.3.1. Market Revenue and Forecast
8.1.4. Torpedoes
8.1.4.1. Market Revenue and Forecast
8.1.5. Loitering Munitions
8.1.5.1. Market Revenue and Forecast
9.1. Precision Guided Munition Market, by Technology
9.1.1. Infrared
9.1.1.1. Market Revenue and Forecast
9.1.2. Semi-Active Lasers
9.1.2.1. Market Revenue and Forecast
9.1.3. Inertial Navigation System (INS)
9.1.3.1. Market Revenue and Forecast
9.1.4. Global Positioning System (GPS)
9.1.4.1. Market Revenue and Forecast
9.1.5. Radar Homing
9.1.5.1. Market Revenue and Forecast
9.1.5. Anti-Radiation
9.1.5.1. Market Revenue and Forecast
9.1.5. Others
9.1.5.1. Market Revenue and Forecast
10.1. Precision Guided Munition Market, by Speed
10.1.1. Subsonic
10.1.1.1. Market Revenue and Forecast
10.1.2. Supersonic
10.1.2.1. Market Revenue and Forecast
10.1.3. Hypersonic
10.1.3.1. Market Revenue and Forecast
11.1. Precision Guided Munition Market, by Mode of Operation
11.1.1. Autonomous
11.1.1.1. Market Revenue and Forecast
11.1.2. Semi-autonomous
11.1.2.1. Market Revenue and Forecast
12.1. Precision Guided Munition Market, by Launch Platform
12.1.1. Land
12.1.1.1. Market Revenue and Forecast
12.1.2. Airborne
12.1.2.1. Market Revenue and Forecast
12.1.3. Naval
12.1.3.1. Market Revenue and Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product
13.1.2. Market Revenue and Forecast, by Technology
13.1.3. Market Revenue and Forecast, by Speed
13.1.4. Market Revenue and Forecast, by Mode of Operation
13.1.5. Market Revenue and Forecast, by Launch Platform
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product
13.1.6.2. Market Revenue and Forecast, by Technology
13.1.6.3. Market Revenue and Forecast, by Speed
13.1.6.4. Market Revenue and Forecast, by Mode of Operation
13.1.7. Market Revenue and Forecast, by Launch Platform
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product
13.1.8.2. Market Revenue and Forecast, by Technology
13.1.8.3. Market Revenue and Forecast, by Speed
13.1.8.4. Market Revenue and Forecast, by Mode of Operation
13.1.8.5. Market Revenue and Forecast, by Launch Platform
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product
13.2.2. Market Revenue and Forecast, by Technology
13.2.3. Market Revenue and Forecast, by Speed
13.2.4. Market Revenue and Forecast, by Mode of Operation
13.2.5. Market Revenue and Forecast, by Launch Platform
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product
13.2.6.2. Market Revenue and Forecast, by Technology
13.2.6.3. Market Revenue and Forecast, by Speed
13.2.7. Market Revenue and Forecast, by Mode of Operation
13.2.8. Market Revenue and Forecast, by Launch Platform
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product
13.2.9.2. Market Revenue and Forecast, by Technology
13.2.9.3. Market Revenue and Forecast, by Speed
13.2.10. Market Revenue and Forecast, by Mode of Operation
13.2.11. Market Revenue and Forecast, by Launch Platform
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product
13.2.12.2. Market Revenue and Forecast, by Technology
13.2.12.3. Market Revenue and Forecast, by Speed
13.2.12.4. Market Revenue and Forecast, by Mode of Operation
13.2.13. Market Revenue and Forecast, by Launch Platform
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product
13.2.14.2. Market Revenue and Forecast, by Technology
13.2.14.3. Market Revenue and Forecast, by Speed
13.2.14.4. Market Revenue and Forecast, by Mode of Operation
13.2.15. Market Revenue and Forecast, by Launch Platform
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product
13.3.2. Market Revenue and Forecast, by Technology
13.3.3. Market Revenue and Forecast, by Speed
13.3.4. Market Revenue and Forecast, by Mode of Operation
13.3.5. Market Revenue and Forecast, by Launch Platform
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product
13.3.6.2. Market Revenue and Forecast, by Technology
13.3.6.3. Market Revenue and Forecast, by Speed
13.3.6.4. Market Revenue and Forecast, by Mode of Operation
13.3.7. Market Revenue and Forecast, by Launch Platform
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product
13.3.8.2. Market Revenue and Forecast, by Technology
13.3.8.3. Market Revenue and Forecast, by Speed
13.3.8.4. Market Revenue and Forecast, by Mode of Operation
13.3.9. Market Revenue and Forecast, by Launch Platform
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product
13.3.10.2. Market Revenue and Forecast, by Technology
13.3.10.3. Market Revenue and Forecast, by Speed
13.3.10.4. Market Revenue and Forecast, by Mode of Operation
13.3.10.5. Market Revenue and Forecast, by Launch Platform
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product
13.3.11.2. Market Revenue and Forecast, by Technology
13.3.11.3. Market Revenue and Forecast, by Speed
13.3.11.4. Market Revenue and Forecast, by Mode of Operation
13.3.11.5. Market Revenue and Forecast, by Launch Platform
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product
13.4.2. Market Revenue and Forecast, by Technology
13.4.3. Market Revenue and Forecast, by Speed
13.4.4. Market Revenue and Forecast, by Mode of Operation
13.4.5. Market Revenue and Forecast, by Launch Platform
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product
13.4.6.2. Market Revenue and Forecast, by Technology
13.4.6.3. Market Revenue and Forecast, by Speed
13.4.6.4. Market Revenue and Forecast, by Mode of Operation
13.4.7. Market Revenue and Forecast, by Launch Platform
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product
13.4.8.2. Market Revenue and Forecast, by Technology
13.4.8.3. Market Revenue and Forecast, by Speed
13.4.8.4. Market Revenue and Forecast, by Mode of Operation
13.4.9. Market Revenue and Forecast, by Launch Platform
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product
13.4.10.2. Market Revenue and Forecast, by Technology
13.4.10.3. Market Revenue and Forecast, by Speed
13.4.10.4. Market Revenue and Forecast, by Mode of Operation
13.4.10.5. Market Revenue and Forecast, by Launch Platform
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product
13.4.11.2. Market Revenue and Forecast, by Technology
13.4.11.3. Market Revenue and Forecast, by Speed
13.4.11.4. Market Revenue and Forecast, by Mode of Operation
13.4.11.5. Market Revenue and Forecast, by Launch Platform
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product
13.5.2. Market Revenue and Forecast, by Technology
13.5.3. Market Revenue and Forecast, by Speed
13.5.4. Market Revenue and Forecast, by Mode of Operation
13.5.5. Market Revenue and Forecast, by Launch Platform
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product
13.5.6.2. Market Revenue and Forecast, by Technology
13.5.6.3. Market Revenue and Forecast, by Speed
13.5.6.4. Market Revenue and Forecast, by Mode of Operation
13.5.7. Market Revenue and Forecast, by Launch Platform
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product
13.5.8.2. Market Revenue and Forecast, by Technology
13.5.8.3. Market Revenue and Forecast, by Speed
13.5.8.4. Market Revenue and Forecast, by Mode of Operation
13.5.8.5. Market Revenue and Forecast, by Launch Platform
14.1. L3 Technologies Inc.
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Lockheed Martin Corporation
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Raytheon Company
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Textron, Inc.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Northrop Grumman Corporation
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. BAE Systems Plc
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Denel Dynamics
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. General Dynamics Corporation
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Hanwha Group
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Israel Aerospace Industries (IAI) Ltd.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
16.1. About Us
16.2. Glossary of Terms
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