The global Guided Bomb Market is projected to witness a growth rate of 5.4% annually from 2023 to 2028, with an anticipated size of US$ 3.1 billion by 2028, according to an analysis by Stratview Research.
Stratview Research, a global market research firm, has launched a report on the global Guided Bomb Market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Report Highlights
| Market Size in 2028 (billion US$) | 3.1 |
| Growth (CAGR) | 5.4% during 2023-2028 |
| Forecast Period | 2023-2028 |
| Trend Period | 2017-2021 |
| Base Year | 2022 |
| Number of Segments Covered | 2 |
| Number of Tables & Graphs | 100+ |
| Country-Level Market Assessment | 20 |
Segment Insights on the Guided Bomb Market:
The global Guided Bomb Market is segmented based on Guidance type, and Region.
Based on guidance type: The market is classified as GPS-guided bombs, laser-guided bombs, infrared (IR)-guided bombs, and others.
Among these sub-segments, Laser-guided bomb is expected to remain the dominant guidance type of the market during the forecast period. Laser-guided bombs are most used, thereby accounting for market supremacy.
They carry a lesser amount of explosives as compared to unguided bombs and result in limited collateral damage. As a result, laser-guided bombs have generated a large demand in recent years, and they are used by several air forces across the globe.
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following–
- Several market-leading companies such as Boeing, General Dynamics Corporation, L3Harris Technologies, Inc., Lockheed Martin Corporation, and Raytheon Technologies Corporation, among others, are headquartered in the region.
- These companies actively engage in the development of precision guidance kits for general bombs and turning them into laser-guided bombs (LGB).
- They are also the primary contractors for the US Department of Defense w.r.t guided bombs.
Likewise, Asia-Pacific is an emerging region in the global market as the entire continent is prone to high-tension border conflicts such as that of India-Pakistan, India-China, China-Taiwan, and North Korea-South Korea.
Guided Bomb Market Drivers:
Some of the key drivers listed in the report are given below.
- Growing need for precision strike capabilities in modern combat scenarios
- Rise in asymmetric warfare and cross-border conflicts
- Continuous upgrades in sensor and navigation technologies for enhanced targeting accuracy
- Expansion of UAV fleets integrated with advanced guided bomb systems
Top 10 Companies in the Guided Bomb Market:
Major OEMs in the market are striving to achieve type certification for their eVTOL aircraft. After completing certification, they collaborate with established aircraft and automotive giants to accelerate commercial manufacturing. Stratview Research has identified the following companies as the top market players:
- Boeing
- General Dynamics Corporation
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
What Deliverables Will You Get in This Report?
| Key questions this report answers | Relevant contents in the report |
| How big is the sales opportunity? | In-depth analysis of the Guided Bomb Market |
| How lucrative is the future? | Market forecast and trend data and emerging trends |
| Which regions offer the best sales opportunities? | Global, regional, and country-level historical data and forecasts |
| Which are the most attractive market segments? | Market segment analysis and forecast |
| Who are the top players and their market positioning? | Competitive landscape analysis, Market share analysis |
| How complex is the business environment? | Porter’s five forces analysis, PEST analysis, Life cycle analysis |
| What are the factors affecting the market? | Drivers & challenges |
| Will I get the information on my specific requirements? | 10% free customization |
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at – [email protected]
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