Introduction
The precision-guided munition market size was USD 39.6 billion in 2025 and is projected to reach USD 52.48 billion by 2030, growing at a 5.79% CAGR. Precision guided munitions are designed to strike targets with high accuracy using guidance systems such as GPS, laser, infrared, and radar-based technologies. Governments are increasingly focused on improving strike precision to enhance operational outcomes while aligning with stricter engagement rules. As a result, the precision guided munition market growth is closely tied to defense spending priorities, battlefield requirements, and the shift toward network-enabled warfare systems.
Key Market Trends
Shift Toward Accuracy-Focused Warfare: Defense forces are prioritizing highly accurate munitions over sheer volume, enabling effective target neutralization with fewer launches while minimizing collateral damage.
Upgrading Existing Munition Stockpiles: Militaries are increasingly integrating advanced guidance kits into conventional munitions, extending asset life and enhancing precision without full inventory replacement.
Growing Demand for Multi-Platform Use: Precision guided munitions are being designed for compatibility across air, naval, and ground platforms, easing logistics and training complexities.
Support for Rapid and Planned Operations: The adoption of precision-guided systems supports both pre-planned missions and quick-response scenarios, reinforcing their role as standard defense capability.
Market Segmentation
By Product Type
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Tactical Missiles
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Guided Rockets and Artillery Shells
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Guided Bombs (PGMs/Smart Bombs)
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Loitering Munitions
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Interceptor Missiles
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Torpedoes
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Hypersonic Missiles
By Launch Platform
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Airborne
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Land-based
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Naval
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Unmanned Systems
By Subsystem
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Guidance and Navigation Systems
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Target Acquisition Systems
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Propulsion Systems
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Warheads
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Power Supply Systems
By Range
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Short-Range (Less than 50 km)
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Medium-Range (50 to 300 km)
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Long-Range (Greater than 300 km)
By Speed
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Subsonic
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Supersonic
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Hypersonic
By Geography
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North America
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South America
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Middle east & Africa
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Europe
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Asia pacific
Key Players
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Lockheed Martin Corporation
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RTX Corporation
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The Boeing Compnay
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Northrop Grumman Corporation
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BAE Systems plc
Conclusion
The precision guided munition market analysis by Mordor Intelligence indicates a stable and focused growth trajectory supported by defense modernization and the ongoing shift toward precision-focused operations. Military forces are prioritizing accuracy, adaptability, and efficiency, all of which align closely with the value offered by precision guided munitions.
The continued adoption of guidance upgrades, platform flexibility, and multi-role munitions supports long-term precision guided munition market growth. While procurement decisions remain closely tied to national defense policies, the overall market outlook reflects consistent demand across regions and defense branches.
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