Market revenue in 2022 | USD 986.0 million |
Market revenue in 2030 | USD 1,387.0 million |
Growth rate | 4.4% (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 70.5% in 2022. Horizon Databook has segmented the Mexico 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.
Increasing government initiative to deploy a maximum number of army troops on the Mexican border coupled with the military engagement in building defense arenas and bases around the country is expected to have a positive impact on the market growth. In addition, rising weapons trade business between Mexico and the U.S. is further expected to have a positive impact on the market growth.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico precision guided munition market , including forecasts for subscribers. This country databook contains high-level insights into Mexico precision guided munition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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