| Product Code: ETC13347292 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Precision Guided Artillery Ammunition Market was valued at USD 2.1 Billion in 2024 and is expected to reach USD 3.5 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Precision Guided Artillery Ammunition Market is witnessing steady growth driven by the increasing adoption of advanced artillery systems by various defense forces worldwide. Precision guided artillery ammunition offers enhanced accuracy, reduced collateral damage, and improved target engagement capabilities, contributing to its rising demand. Factors such as ongoing military modernization programs, escalating cross-border tensions, and the need for precise targeting in complex operational environments are fueling market growth. Key market players are focusing on developing technologically advanced ammunition solutions to cater to evolving defense requirements. North America and Europe hold significant market shares due to their robust defense infrastructure and high defense expenditure. Moreover, the Asia-Pacific region is projected to witness substantial growth opportunities, supported by increasing defense budgets and geopolitical tensions in the region.
The Global Precision Guided Artillery Ammunition Market is experiencing significant growth driven by increasing demand for accurate and efficient artillery systems. Key trends include the development of smart artillery shells equipped with advanced guidance systems for enhanced precision and effectiveness on the battlefield. The market is also witnessing a shift towards lightweight and portable precision guided artillery ammunition to meet the evolving needs of modern warfare scenarios. Opportunities in the market lie in the integration of technologies such as GPS, laser guidance, and inertial navigation systems to improve the accuracy and lethality of artillery systems. Additionally, the increasing focus on enhancing long-range precision strike capabilities presents a promising avenue for market expansion, especially in regions with ongoing military modernization programs.
The Global Precision Guided Artillery Ammunition Market faces several challenges, including technological complexities in developing advanced guidance systems that can accurately hit targets with precision. Additionally, there are concerns regarding the high cost of these precision-guided systems, which may limit adoption among smaller defense budgets. Furthermore, regulatory restrictions on the export and import of such advanced ammunition technology can hinder market growth opportunities. Moreover, the need for continuous innovation and upgrades to stay ahead of evolving threats and maintain a competitive edge poses a challenge to manufacturers in this market. Overall, navigating these challenges requires strategic partnerships, investment in research and development, and a deep understanding of evolving defense requirements in different regions.
The Global Precision Guided Artillery Ammunition Market is primarily driven by the increasing focus on modernizing armed forces, improving accuracy and effectiveness of artillery systems, and the growing emphasis on reducing collateral damage in military operations. Additionally, the rising demand for advanced weaponry to counter evolving threats, such as enemy drones and long-range missiles, is boosting the adoption of precision guided artillery ammunition. Furthermore, advancements in technology, such as GPS-guided munitions and laser-guided systems, are enhancing the overall capabilities of artillery systems, driving the market growth. Military modernization programs in various countries, along with the need for enhanced operational efficiency and mission success rates, are key factors propelling the demand for precision guided artillery ammunition worldwide.
Government policies related to the Global Precision Guided Artillery Ammunition Market primarily focus on regulating the export and import of such advanced weaponry to ensure national security and prevent unauthorized proliferation. These policies typically involve strict licensing procedures, compliance with international arms control agreements, and adherence to specific usage guidelines to avoid misuse or civilian casualties. Governments also often prioritize domestic production and technological advancements in precision guided artillery ammunition through research and development funding, strategic partnerships with defense contractors, and active participation in collaborative defense programs. Additionally, some countries may impose restrictions on the sale of precision guided artillery ammunition to regions experiencing political instability or conflict to maintain regional stability and prevent potential human rights violations.
The Global Precision Guided Artillery Ammunition Market is poised for significant growth in the coming years due to increasing military modernization efforts, technological advancements in guidance systems, and the rising demand for accurate and effective artillery systems. With a focus on improving precision strike capabilities and reducing collateral damage, countries around the world are investing in advanced precision guided artillery ammunition. Additionally, the growing geopolitical tensions and conflicts globally are driving the need for more sophisticated and precise artillery solutions. As a result, the market is expected to witness a steady expansion with key players investing in research and development to enhance the range, accuracy, and effectiveness of precision guided artillery ammunition systems.
The global precision guided artillery ammunition market is experiencing significant growth across all regions, with Asia leading the market due to increased defense spending by countries like China and India. North America is a key market player with ongoing modernization efforts by the US military. In Europe, the market is driven by NATO members investing in advanced artillery systems. The Middle East and Africa region is witnessing growth due to regional conflicts and the need for precision strike capabilities. Latin America is also a growing market with countries like Brazil and Mexico investing in precision-guided artillery ammunition. Overall, the increasing focus on precision and accuracy in artillery systems is driving market growth across all regions.
Global Precision Guided Artillery Ammunition 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 Global Precision Guided Artillery Ammunition Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Precision Guided Artillery Ammunition Market Revenues & Volume, 2021 & 2031F |
3.3 Global Precision Guided Artillery Ammunition Market - Industry Life Cycle |
3.4 Global Precision Guided Artillery Ammunition Market - Porter's Five Forces |
3.5 Global Precision Guided Artillery Ammunition Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Precision Guided Artillery Ammunition Market Revenues & Volume Share, By Ammunition Type, 2021 & 2031F |
3.7 Global Precision Guided Artillery Ammunition Market Revenues & Volume Share, By Guidance System Type, 2021 & 2031F |
3.8 Global Precision Guided Artillery Ammunition Market Revenues & Volume Share, By End-Use Application, 2021 & 2031F |
4 Global Precision Guided Artillery Ammunition Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Precision Guided Artillery Ammunition Market Trends |
6 Global Precision Guided Artillery Ammunition Market, 2021 - 2031 |
6.1 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Ammunition Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Smart Ammunition, 2021 - 2031 |
6.1.3 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Extended Range Ammunition, 2021 - 2031 |
6.1.4 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Guided Mortar Ammunition, 2021 - 2031 |
6.1.5 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Precision Shells, 2021 - 2031 |
6.2 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Guidance System Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By GPS Guidance, 2021 - 2031 |
6.2.3 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Laser Guidance, 2021 - 2031 |
6.2.4 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Inertial Navigation, 2021 - 2031 |
6.2.5 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Electro-optical Guidance, 2021 - 2031 |
6.3 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By End-Use Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Military, 2021 - 2031 |
6.3.3 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Defense Forces, 2021 - 2031 |
6.3.4 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Homeland Security, 2021 - 2031 |
6.3.5 Global Precision Guided Artillery Ammunition Market, Revenues & Volume, By Naval Applications, 2021 - 2031 |
7 North America Precision Guided Artillery Ammunition Market, Overview & Analysis |
7.1 North America Precision Guided Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
7.2 North America Precision Guided Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Precision Guided Artillery Ammunition Market, Revenues & Volume, By Ammunition Type, 2021 - 2031 |
7.4 North America Precision Guided Artillery Ammunition Market, Revenues & Volume, By Guidance System Type, 2021 - 2031 |
7.5 North America Precision Guided Artillery Ammunition Market, Revenues & Volume, By End-Use Application, 2021 - 2031 |
8 Latin America (LATAM) Precision Guided Artillery Ammunition Market, Overview & Analysis |
8.1 Latin America (LATAM) Precision Guided Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Precision Guided Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Precision Guided Artillery Ammunition Market, Revenues & Volume, By Ammunition Type, 2021 - 2031 |
8.4 Latin America (LATAM) Precision Guided Artillery Ammunition Market, Revenues & Volume, By Guidance System Type, 2021 - 2031 |
8.5 Latin America (LATAM) Precision Guided Artillery Ammunition Market, Revenues & Volume, By End-Use Application, 2021 - 2031 |
9 Asia Precision Guided Artillery Ammunition Market, Overview & Analysis |
9.1 Asia Precision Guided Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Precision Guided Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Precision Guided Artillery Ammunition Market, Revenues & Volume, By Ammunition Type, 2021 - 2031 |
9.4 Asia Precision Guided Artillery Ammunition Market, Revenues & Volume, By Guidance System Type, 2021 - 2031 |
9.5 Asia Precision Guided Artillery Ammunition Market, Revenues & Volume, By End-Use Application, 2021 - 2031 |
10 Africa Precision Guided Artillery Ammunition Market, Overview & Analysis |
10.1 Africa Precision Guided Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Precision Guided Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Precision Guided Artillery Ammunition Market, Revenues & Volume, By Ammunition Type, 2021 - 2031 |
10.4 Africa Precision Guided Artillery Ammunition Market, Revenues & Volume, By Guidance System Type, 2021 - 2031 |
10.5 Africa Precision Guided Artillery Ammunition Market, Revenues & Volume, By End-Use Application, 2021 - 2031 |
11 Europe Precision Guided Artillery Ammunition Market, Overview & Analysis |
11.1 Europe Precision Guided Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Precision Guided Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Precision Guided Artillery Ammunition Market, Revenues & Volume, By Ammunition Type, 2021 - 2031 |
11.4 Europe Precision Guided Artillery Ammunition Market, Revenues & Volume, By Guidance System Type, 2021 - 2031 |
11.5 Europe Precision Guided Artillery Ammunition Market, Revenues & Volume, By End-Use Application, 2021 - 2031 |
12 Middle East Precision Guided Artillery Ammunition Market, Overview & Analysis |
12.1 Middle East Precision Guided Artillery Ammunition Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Precision Guided Artillery Ammunition Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Precision Guided Artillery Ammunition Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Precision Guided Artillery Ammunition Market, Revenues & Volume, By Ammunition Type, 2021 - 2031 |
12.4 Middle East Precision Guided Artillery Ammunition Market, Revenues & Volume, By Guidance System Type, 2021 - 2031 |
12.5 Middle East Precision Guided Artillery Ammunition Market, Revenues & Volume, By End-Use Application, 2021 - 2031 |
13 Global Precision Guided Artillery Ammunition Market Key Performance Indicators |
14 Global Precision Guided Artillery Ammunition Market - Export/Import By Countries Assessment |
15 Global Precision Guided Artillery Ammunition Market - Opportunity Assessment |
15.1 Global Precision Guided Artillery Ammunition Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Precision Guided Artillery Ammunition Market Opportunity Assessment, By Ammunition Type, 2021 & 2031F |
15.3 Global Precision Guided Artillery Ammunition Market Opportunity Assessment, By Guidance System Type, 2021 & 2031F |
15.4 Global Precision Guided Artillery Ammunition Market Opportunity Assessment, By End-Use Application, 2021 & 2031F |
16 Global Precision Guided Artillery Ammunition Market - Competitive Landscape |
16.1 Global Precision Guided Artillery Ammunition Market Revenue Share, By Companies, 2024 |
16.2 Global Precision Guided Artillery Ammunition Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |