Market revenue in 2022 | USD 9,371.3 million |
Market revenue in 2030 | USD 14,506.0 million |
Growth rate | 5.6% (CAGR from 2022 to 2030) |
Largest segment | Tactical missiles |
Fastest growing segment | Loitering Munition |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Tactical Missiles, Guided Rockets, Guided Ammunition, Loitering Munition |
Key market players worldwide | Lockheed Martin Corp, Thyssenkrupp AG, RTX Corp, Thales Group, BAE Systems PLC, Northrop Grumman Corp, General Dynamics Corp, Elbit Systems Ltd |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to precision guided munition market will help companies and investors design strategic landscapes.
Tactical missiles was the largest segment with a revenue share of 70.75% in 2022. Horizon Databook has segmented the Europe precision guided munition market based on tactical missiles, guided rockets, guided ammunition, loitering munition covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is expected to emerge as a significant market for precision-guided munition owing to the presence of advanced weapon system manufacturers and in-line trade of the said weapons system with the other countries.
In addition, increasing investment to develop hypersonic missiles by various countries including UK and Germany, is further expected to fuel the market growth over the forecast period.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe precision guided munition market , including forecasts for subscribers. This continent databook contains high-level insights into Europe precision guided munition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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