Global $62 Bn Precision Guided Munition Market to 2027: Growing Military Modernization Programs and Reduction in Logistics Burden
DUBLIN, Oct. 4, 2019 /PRNewswire/ -- The "Precision Guided Munition - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
- DUBLIN, Oct. 4, 2019 /PRNewswire/ -- The "Precision Guided Munition - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
- The Global Precision Guided Munition market accounted for $27.40 billion in 2018 and is expected to reach $62.01 billion by 2027 growing at a CAGR of 9.5% during the forecast period.
- Increasing demand for precision-guided munitions to minimize collateral damage, growing military modernization programs and reduction in logistics burden are some of the factors fuelling the market growth.
- Precision guided munitions are a shell fitted with a terminal guidance system for missiles, bombings or artillery.