| Product Code: ETC4553902 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The China Precision Guided Munition market is experiencing significant growth driven by increasing defense budgets and modernization efforts by the Chinese military. Precision guided munitions offer enhanced accuracy and effectiveness in combat scenarios, leading to a higher demand for these advanced weapons systems. Key players in the market are focusing on developing and deploying next-generation precision guided munitions, including missiles, bombs, and artillery shells. The market is also witnessing a trend towards the integration of advanced technologies such as GPS guidance, laser targeting, and artificial intelligence to further enhance the precision and capabilities of these munitions. With China`s growing geopolitical influence and strategic military objectives, the demand for precision guided munitions is expected to continue to rise, presenting lucrative opportunities for industry players in the country.
The China Precision Guided Munition Market is experiencing significant growth due to increasing military modernization efforts and a focus on enhancing military capabilities. The market is witnessing a shift towards the development and deployment of advanced precision-guided munitions to improve accuracy and effectiveness in military operations. Key trends include the adoption of smart weapons, integration of artificial intelligence and autonomous capabilities, and the development of long-range precision strike capabilities. Opportunities in the market lie in the increasing demand for precision-guided munitions for anti-access/area denial (A2/AD) strategies, counter-terrorism operations, and border security. Additionally, collaborations between Chinese defense contractors and foreign partners for technology transfer and joint development projects are expected to drive innovation and growth in the market.
The China Precision Guided Munition Market faces several challenges, including the need for continuous technological advancements to keep up with global competitors, concerns over the reliability and accuracy of the munitions, strict regulations on exports and international sales, and the potential for geopolitical tensions impacting market growth. Additionally, intellectual property rights violations and cybersecurity threats pose significant risks to companies operating in this market. The competitive landscape, dominated by both domestic and international players, further intensifies the challenges faced by companies looking to establish a strong presence in the China Precision Guided Munition Market. Overall, navigating these obstacles requires a strategic approach that combines innovation, compliance with regulations, and effective risk management strategies.
The China Precision Guided Munition Market is primarily driven by increasing military modernization efforts, growing defense budgets, and a focus on enhancing military capabilities. The development and deployment of precision-guided munitions offer improved accuracy, effectiveness, and reduced collateral damage in military operations, which is a key factor driving the market growth. Additionally, geopolitical tensions and territorial disputes in the region have led to a heightened focus on enhancing military capabilities, further propelling the demand for precision-guided munitions in China. Technological advancements, such as the integration of advanced guidance systems and targeting technologies, also play a significant role in driving market growth by providing enhanced operational capabilities to the Chinese military forces.
The Chinese government has implemented various policies related to the Precision Guided Munition (PGM) market to strengthen its defense capabilities and support domestic manufacturers. These policies include promoting research and development in PGM technologies, providing financial incentives and subsidies to companies engaged in PGM production, and encouraging collaboration between the government, military, and industry stakeholders. Additionally, China has been investing heavily in expanding its PGM capabilities through acquisitions, partnerships, and technology transfers. The government also emphasizes the importance of indigenous innovation and self-reliance in the defense sector, leading to efforts to reduce dependence on foreign suppliers for critical defense technologies. Overall, these policies aim to enhance China`s military capabilities and establish the country as a leading player in the global PGM market.
The future outlook for the China Precision Guided Munition Market is expected to be positive, driven by increasing defense spending, modernization efforts, and advancements in technology. The Chinese government`s focus on enhancing its military capabilities and the growing regional security concerns are likely to boost the demand for precision-guided munitions. The market is anticipated to witness a shift towards sophisticated weapons systems, such as precision-guided bombs, missiles, and artillery shells, as China aims to improve its military precision and effectiveness. Additionally, the development of indigenous defense capabilities and the focus on reducing reliance on imports are expected to further drive growth in the precision-guided munition market in China. Overall, the market is poised for expansion in the coming years, with opportunities for both domestic manufacturers and international players looking to enter the Chinese market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Precision Guided Munition Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Precision Guided Munition Market Revenues & Volume, 2021 & 2031F |
3.3 China Precision Guided Munition Market - Industry Life Cycle |
3.4 China Precision Guided Munition Market - Porter's Five Forces |
3.5 China Precision Guided Munition Market Revenues & Volume Share, By Speed, 2021 & 2031F |
3.6 China Precision Guided Munition Market Revenues & Volume Share, By Mode of Operation, 2021 & 2031F |
3.7 China Precision Guided Munition Market Revenues & Volume Share, By Launch Platform, 2021 & 2031F |
4 China Precision Guided Munition Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing military modernization efforts by China to enhance its defense capabilities. |
4.2.2 Rising geopolitical tensions in the region, driving the demand for precision guided munitions. |
4.2.3 Growing investments in research and development for advanced weapon systems in China. |
4.3 Market Restraints |
4.3.1 Stringent export control regulations limiting the international sales of precision guided munitions. |
4.3.2 Technological complexities and high development costs associated with precision guided munitions. |
5 China Precision Guided Munition Market Trends |
6 China Precision Guided Munition Market, By Types |
6.1 China Precision Guided Munition Market, By Speed |
6.1.1 Overview and Analysis |
6.1.2 China Precision Guided Munition Market Revenues & Volume, By Speed, 2021 - 2031F |
6.1.3 China Precision Guided Munition Market Revenues & Volume, By Subsonic, 2021 - 2031F |
6.1.4 China Precision Guided Munition Market Revenues & Volume, By Supersonic, 2021 - 2031F |
6.1.5 China Precision Guided Munition Market Revenues & Volume, By Hypersonic, 2021 - 2031F |
6.2 China Precision Guided Munition Market, By Mode of Operation |
6.2.1 Overview and Analysis |
6.2.2 China Precision Guided Munition Market Revenues & Volume, By Semi-autonomous , 2021 - 2031F |
6.2.3 China Precision Guided Munition Market Revenues & Volume, By Autonomous, 2021 - 2031F |
6.3 China Precision Guided Munition Market, By Launch Platform |
6.3.1 Overview and Analysis |
6.3.2 China Precision Guided Munition Market Revenues & Volume, By Land, 2021 - 2031F |
6.3.3 China Precision Guided Munition Market Revenues & Volume, By Airborne , 2021 - 2031F |
6.3.4 China Precision Guided Munition Market Revenues & Volume, By Naval, 2021 - 2031F |
7 China Precision Guided Munition Market Import-Export Trade Statistics |
7.1 China Precision Guided Munition Market Export to Major Countries |
7.2 China Precision Guided Munition Market Imports from Major Countries |
8 China Precision Guided Munition Market Key Performance Indicators |
8.1 Number of successful test firings of precision guided munitions. |
8.2 Percentage increase in defense budget allocated to precision guided munitions. |
8.3 Rate of adoption of precision guided munitions by the Chinese military. |
8.4 Number of patents filed for advancements in precision guided munition technology. |
9 China Precision Guided Munition Market - Opportunity Assessment |
9.1 China Precision Guided Munition Market Opportunity Assessment, By Speed, 2021 & 2031F |
9.2 China Precision Guided Munition Market Opportunity Assessment, By Mode of Operation, 2021 & 2031F |
9.3 China Precision Guided Munition Market Opportunity Assessment, By Launch Platform, 2021 & 2031F |
10 China Precision Guided Munition Market - Competitive Landscape |
10.1 China Precision Guided Munition Market Revenue Share, By Companies, 2024 |
10.2 China Precision Guided Munition Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |