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Hypersonic Precision Guided Munition Market by Type by Product and by Technology : Global Opportunity Analysis and Industry Forecast, 2023-2032
NEW CASTLE, DELAWARE, UNITED STATES, September 18, 2023/EINPresswire.com/ — Precision has always been recognized as an important attribute of weapon development. Precision guided munition belongs to a category of weapons that can be aimed & directed against a single target. Such weapons rely on external guidance system or their own guidance system. Precision guided munition can be launched from aircrafts, submarines, ships, land vehicles, and even from individual soldiers from the ground. Hypersonic guided missiles have the ability to travel at the speed of more than 5 mac. Countries such as Russia and China have developed varieties of such weapons, whereas USA, India, Japan, and other countries are also developing advance hypersonic precision guided munition.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-toc-and-sample/11656
𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
Due to COVID-19 situation, the research & development in hypersonic precision guided munition companies across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings.
As governments spending shift toward economic recovery due to COVID-19 pandemic, industries may experience reduction in quantity of order for hypersonic precision guided munitions.
Production rate of hypersonic precision guided munition making companies have been affected adversely due to COVID-19 situation.
Hypersonic precision guided munition companies facing the temporary operational issues due to the restrictions on site access, imposed by government authorities to contain the spread of virus.
Post COVID-19, global hypersonic precision guided munition market will witness a significant growth as several countries have either already ordered or planning to procure precision guided munitions for their forces.
𝐓𝐨𝐩 𝐢𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐟𝐚𝐜𝐭𝐨𝐫𝐬: 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐭𝐫𝐞𝐧𝐝𝐬, 𝐝𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐢𝐦𝐩𝐚𝐜𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬
Increasing demand for hypersonic precision guided munitions to minimize collateral damage, political insurgencies & cross border conflicts, reduction in logistics burden, and growing military modernization programs are some of the major factors that drive the hypersonic precision guided munition market. However, regulations related to arms transfer, high manufacturing & development costs of hypersonic precision guided munitions, and issues related to integration of larger precision guided munition are acting as restraint to the market growth. On the contrary, increasing research & development in precision guided munition firms will contribute further for the growth of global hypersonic precision guided munition market in the future.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/11656
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐢𝐧 𝐩𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐠𝐮𝐢𝐝𝐞𝐝 𝐦𝐮𝐧𝐢𝐭𝐢𝐨𝐧 𝐟𝐢𝐫𝐦𝐬
The requirement to replace & upgrade existing systems such as inertial navigation system (INS), global positioning system (GPS), radar homing, semi-active lasers, and anti-radiation is enabling industries to invest heavily in research & development of precision guided munitions. For instance, in February 2020, India announced its efforts to develop tactical ballistic missiles with a range of 200 km. The missile is being developed by the “Defence Research and Development Organization” (DRDO) of India, and trails of missile system are expected to begin in 2021. Such increase in investments & improving technology is expected to provide significant amount of growth opportunities in the global hypersonic precision munition market.
𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
This study presents the analytical depiction of the global hypersonic precision guided munition industries along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global hypersonic precision guided munition market share.
The current market is quantitatively analysed to highlight the global hypersonic precision guided munition market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global hypersonic precision guided munition market analysis based on competitive intensity and how the competition will take shape in coming years.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/hypersonic-precision-guided-munition-market/purchase-options
𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐡𝐲𝐩𝐞𝐫𝐬𝐨𝐧𝐢𝐜 𝐩𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐠𝐮𝐢𝐝𝐞𝐝 𝐦𝐮𝐧𝐢𝐭𝐢𝐨𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:
Which are the leading market players active in the hypersonic precision guided munition market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Northrop Grumman Corporation, KONGSBERG, Raytheon Technologies Corporation, Boeing., Saab AB, General Dynamics Corporation, BAE Systems, MBDA, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Elbit Systems Ltd.
𝐁𝐲 𝐓𝐲𝐩𝐞: Autonomous, Semi-Autonomous.
𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭: Tactical Missile, Surface to Surface Missile, Air to Air Missile, Air to Surface Missile, Surface to Air Missile, Subsea to Surface Missile, Guided, Rockets, Surface to Surface, Air to Surface, Surface to Air, Guided Ammunition, Guided Mortar, Guided Artillery Shells, Guided Bombs, Guided Bullets, Loitering Munition.
𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲: Infrared, IIR Homing, IR Homing, Semi Active Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Active Homing, Semi Active Homing, Anti-Radiation, Others.
𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Russia, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), LAMEA (Latin America, Middle East, Africa, Rest of LAMEA).
David Correa
Allied Analytics LLP
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