Market revenue in 2022 | USD 2,350.6 million |
Market revenue in 2030 | USD 3,958.6 million |
Growth rate | 6.7% (CAGR from 2022 to 2030) |
Largest segment | Tactical missiles |
Fastest growing segment | Loitering Munition |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 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 70.89% in 2022. Horizon Databook has segmented the India 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.
India is expected to be the second-largest market in the region for the precision-guided munition market over the forecast period owing to the increasing design and development of indigenous weapon systems, especially cruise and ballistic missiles.
In addition, coordinating trade relationship with countries including the U.S., France, Germany, and Russia are benefiting the country in terms of advanced weapons system exports including fighter jets and tanks, in turn adding growth prospects to the market.
Horizon Databook provides a detailed overview of country-level data and insights on the India precision guided munition market , including forecasts for subscribers. This country databook contains high-level insights into India precision guided munition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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