Precision-Guided Munition (PGM) Market Dynamics - Exploring
Growth, Opportunities and Technological Advances Up to 2030

A new Report by Delvens, titled "Precision-Guided Munition (PGM) Market”
offers a comprehensive analysis of the industry, which comprises insights on
the Global analysis. The report also includes competitor and regional analysis,
and contemporary advancements in the market. The Precision-Guided Munition
(PGM) Market size is projected to reach a CAGR of 5.9% to 2030.

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Report: https://www.delvens.com/get-free-sample/precision-guided-munition-market

A precision-guided munition (PGM, smart weapon, smart
munition, smart bomb) is a guided munition intended to precisely hit a specific
target, to minimize collateral damage and increase lethality against intended targets.
During the First Gulf War guided munitions accounted for only 9% of weapons
fired, but accounted for 75% of all successful hits. Despite guided weapons
generally being used on more difficult targets, they were still 35 times more likely
to destroy their targets per weapon dropped.

Consistent increase in defense budget across the globe and
the need for advanced precision guided munition to counter the modern combat
around the country’s border are some of the factors that have supported
long-term expansion for Precision-Guided Munition (PGM) Market.

Key Players of Precision-Guided Munition (PGM) Market

·       
Lockheed Martin Corporation

·       
BAE Systems Plc.

·       
Raytheon

·       
MBDA

·       
Israel Aerospace Industries

·       
Elbit Systems Ltd.

·       
Saab AB

·       
General Dynamics Corporation

·       
Northrop Grumman

·       
Rheinmetall AG

·       
Leonardo SpA and More

Regional Analysis

North America is projected to be the largest regional share
of precision guided munitions market during the forecast period. Major
companies such Northrop Grumman Corporation, Lockheed Martin, Boeing, Raytheon
Technologies, and General Dynamics Corporation are based in the US. These
players continuously invest in the R&D of new and advanced technology used
in missile defense system.

Recent Developments

·       
In 2021,
Boeing was awarded a contract by the US Department of Defense for JADM munition
for the US Navy.

·       
In 2020,
The Air Force Life Cycle Management Center (AFLCMC) awarded a USD 239.1 million
modification contract for 6 lots of StromBreaker to Raytheon Technologies’ RTX
Missiles and Defense unit.

Reasons to Acquire

·       
Increase your understanding of the market for
identifying the best and suitable strategies and decisions on the basis of
sales or revenue fluctuations in terms of volume and value, distribution chain
analysis, market trends and factors

·       
Gain authentic and granular data access for
Precision-Guided Munition (PGM) Market so as to understand the trends and the
factors involved behind changing market situations

·       
Qualitative and quantitative data utilization to
discover arrays of future growth from the market trends of leaders to market
visionaries and then recognize the significant areas to compete in the future

·       
In-depth analysis of the changing trends of the
market by visualizing the historic and forecast year growth patterns

Access Full Report: https://www.delvens.com/report/precision-guided-munition-market

In addition to the
market data for Precision-Guided Munition (PGM) Market, Delvens offers
client-centric report and customized according to the company’s specific demand
and requirement.

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