Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Precision Guided Munition market. The research report on the Global Precision Guided Munition Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
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The report further comprises, “Global Precision Guided Munition Market Research Report: Forecast (2023-2028)”,
The Market is projected to grow at a CAGR of around 9.56% during the forecast period 2023-28.
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Global Precision Guided Munition Market Trend:
Introduction of Autonomy and Artificial Intelligence into Precision Guided Munition (PGMs)– In recent years, the integration of autonomy and AI into PGMs has been a transformative trend that holds the potential significance to enhance the effectiveness of modern military operations. These technologies improve target selection by analyzing multiple data sources, such as real-time sensor data, satellite imagery, and intelligence reports. Hence, identify high-value targets with greater accuracy and reduce the risk of collateral damage by differentiating between military assets and civilian structures. In addition, traditional PGMs rely on pre-defined trajectories and targeting parameters.
Autonomous PGMs equipped with AI could positively adjust their trajectories in real-time based on changing target conditions and environmental factors. This adaptability increases the chances of hitting moving or evasive targets and allows more informed decision-making and accurate target identification during military operations. Hence, the growing integration of autonomy and AI into PGMs is anticipated to escalate the market size in the forthcoming years.
Global Precision Guided Munition Market Analysis Based On Segment, Geography
The Global Precision Guided Munition market is segmented into significant segments based on:
By Speed
-Subsonic- Market Size & Forecast 2018-2028, (USD Million)
-Supersonic- Market Size & Forecast 2018-2028, (USD Million)
-Hypersonic- Market Size & Forecast 2018-2028, (USD Million)
By Product Type
-Tactical Missiles- Market Size & Forecast 2018-2028, (USD Million)
-Surface-to-surface
-Surface-to-air
-Air-to-air
-Air-to-surface
-Guided Rockets- Market Size & Forecast 2018-2028, (USD Million)
-Surface-to-surface
-Surface-to-air
-Air-to-surface
-Guided Ammunition- Market Size & Forecast 2018-2028, (USD Million)
-Motor
-Bomb
-Bullets
-Torpedoes- Market Size & Forecast 2018-2028, (USD Million)
-Surface-to-subsea
-Subsea-to-subsea
-Air-to-subsea
-Loitering Munitions- Market Size & Forecast 2018-2028, (USD Million)
By Technology
-Infrared- Market Size & Forecast 2018-2028, (USD Million)
-Laser- Market Size & Forecast 2018-2028, (USD Million)
-Inertial Navigation System (INS)- Market Size & Forecast 2018-2028, (USD Million)
-Global Positioning System (GPS)- Market Size & Forecast 2018-2028, (USD Million)
-Others (Radar Homing, Anti-Radiation, etc.)- Market Size & Forecast 2018-2028, (USD Million)
By Mode of Operation
-Autonomous- Market Size & Forecast 2018-2028, (USD Million)
-Semi-Autonomous- Market Size & Forecast 2018-2028, (USD Million)
By Launch Platform
-Land- Market Size & Forecast 2018-2028, (USD Million)
-Airborne- Market Size & Forecast 2018-2028, (USD Million)
-Naval- Market Size & Forecast 2018-2028, (USD Million)
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia Pacific.
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/precision-guided-munition-market.html
Top Companies Essentially Working in Global Precision Guided Munition Market
BAE System, General Atomics, Elbit System, General Dynamics Mission Systems, Inc., Northrop Grumman, Lockheed Martin Corporation, Raytheon Technology Corporation, Israel Aerospace Industries, Thales, MBDA, Leonardo S.p.A, Denel Dynamics, Rafael Advanced Defense Systems Ltd., Saab AB, Roketsan, Bharat Dynamics Limited, Others.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Global Precision Guided Munition adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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