Precision guided munitions refer to ammunition with high direct probability of using precision guidance technology.

Market Analysis and Insights: Global Precision Guided Munition Market
The global Precision Guided Munition market size is projected to reach US$ 39740 million by 2027, from US$ 26690 million in 2020, at a CAGR of 5.4% during 2021-2027.
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Global Precision Guided Munition Scope and Market Size
Precision Guided Munition market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Precision Guided Munition market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Tactical Missiles
Guided Rockets
Guided Ammunition
Loitering Munition

Segment by Application
Infrared
Semi-active lasers
Radar homing
Global Positioning System (GPS)
Inertial Navigation System
Anti-radiation
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Lockheed Martin Corporation
BAE Systems
Raytheon
Northrop Grumman
Elbit Systems
Saab AB
General Dynamics
Israel Aerospace Industries
Rheinmetall AG
LIG Nex1
NORINCO
Bharat Dynamics