PRECISION GUIDED MUNITION MARKET ANALYSIS

Regional Analysis

Global Precision Guided Munition Market: Regional Insights

Based on geography, the global precision guided munition market is segmented into North America, Europe, Asia Pacific and Rest of World.

Asia Pacific is also expected to register higher CAGR compared to the other regional markets during the same period. This is mainly attributed to the increased economic growth and technological advancements in various nations of this region, along with cross border disputes, terrorist conflicts, and strategic interests.

North America is also predicted to grow at a substantial rate over the forecast period. This is largely attributed to the increasing defense spending in this region by the governments of United States, Canada, and Mexico.

Europe is also likely to witness significant growth in the global precision guided munition market during the forecast period. This is largely owing to the increasing terrorist attacks in this region and the continuous modernization initiatives undertaken by governments to upgrade their military equipment to fulfill future defense needs.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Rest of World: Latin America and Middle East & Africa