Precision Guided Artillery Ammunition Market to Grow with a CAGR of 3.69% through 2030

The Global Precision Guided Artillery Ammunition Market is growing rapidly, driven advancements in military technology, increasing defense spending, geopolitical tensions, and the need to minimize collateral damage during modern combat operations.

According to TechSci Research report, “Precision Guided Artillery Ammunition Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, The global Precision Guided Artillery Ammunition Market was valued at USD 2.01 Billion in 2024 and is expected to reach USD 2.49 Billion by 2030 with a CAGR of 3.69% during the forecast period. The growing emphasis on reducing collateral damage during military operations is a critical driver of the precision-guided artillery ammunition market. Traditional artillery systems often result in widespread destruction, leading to civilian casualties and long-term socio-political repercussions. Precision-guided munitions address this challenge by delivering highly accurate strikes, even in densely populated areas. This capability aligns with international humanitarian laws and the global push for ethical warfare practices. Consequently, defense forces worldwide are adopting these advanced systems to ensure mission success while adhering to ethical and legal standards, further accelerating market growth.

The development and deployment of precision-guided artillery ammunition are subject to stringent international regulations and ethical scrutiny. Export controls, such as the International Traffic in Arms Regulations (ITAR), and arms trade treaties often restrict the sale and transfer of advanced munitions, especially to nations with unstable political climates. These restrictions can hinder the global expansion efforts of manufacturers. Additionally, the use of precision-guided munitions in conflicts often raises ethical concerns regarding civilian safety, even when the intent is to minimize collateral damage. Public opposition and scrutiny from human rights organizations can pressure governments and defense agencies, potentially slowing down the adoption and deployment of these systems.

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The global Precision Guided Artillery Ammunition Market is segmented into caliber, technology, and region.

Based on Caliber, large caliber segment dominated the Global Precision Guided Artillery Ammunition Market due to its superior range, explosive power, and widespread use in advanced military systems. Typically ranging from 120mm to 155mm, large-caliber munitions are integral to long-range artillery systems, enabling precision strikes on high-value or hardened targets. Their ability to deliver greater impact and engage at extended distances makes them essential for modern military forces, especially in conventional warfare scenarios. The segment’s growth is driven by ongoing defense investments, technological advancements in guidance systems, and the increasing need for precision in long-range artillery, cementing its dominant position.

Based on region, Asia Pacific region is the fastest-growing segment in the Global Precision Guided Artillery Ammunition Market due to increasing defense budgets, evolving military modernization programs, and growing geopolitical tensions. Countries like China, India, and Japan are significantly investing in advanced artillery systems to strengthen their defense capabilities. The region's strategic location, with ongoing territorial disputes and rising security concerns, drives the demand for more precise and efficient weaponry. Additionally, governments are emphasizing indigenization and technological advancements in defense manufacturing, further accelerating market growth. This combination of military expansion, modernization, and geopolitical factors contributes to the rapid growth of the region's market segment.

Major companies operating in Global Precision Guided Artillery Ammunition Market are:

• General Dynamics Corporation
• Rheinmetall AG
• BAE Systems plc
• Saab AB
• Nammo AS
• MESKO SA
• Thales S.A.
• Singapore Technologies Engineering Ltd.
• MSM Group
• Elbit Systems Ltd.

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“The demand for extended-range and hypersonic precision-guided artillery is emerging as a critical trend in the market, driven by the need for superior strike capabilities. Extended-range artillery allows forces to engage targets at greater distances, enhancing strategic reach and minimizing exposure to enemy counterattacks. Hypersonic artillery, which travels at speeds exceeding Mach 5, offers unparalleled speed and precision, making it a game-changer for rapid response scenarios. These advancements are particularly valuable in modern warfare, where long-range engagements and swift, decisive actions are crucial. Leading defense contractors are heavily investing in R&D to push the boundaries of range and speed, catering to this growing demand”, Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Precision Guided Artillery Ammunition Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Caliber (Medium Caliber, Large Caliber), By Technology (GPS Guided, Laser Guided, Inertial Navigation), By Region, By Competition, 2020-2030F”, has evaluated the future growth potential of global Precision Guided Artillery Ammunition Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Precision Guided Artillery Ammunition Market.

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