| Product Code: ETC4553905 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India precision guided munition market is instrumental in improving the accuracy and effectiveness of military strikes. Precision-guided munitions are equipped with advanced guidance systems, significantly reducing collateral damage and increasing target accuracy. This market is pivotal in enhancing India military capabilities by ensuring more precise and efficient strikes during combat operations.
The precision guided munition market in India is experiencing growth due to the rising demand for accuracy and reduced collateral damage in military operations. These munitions play a pivotal role in modern warfare by ensuring precise targeting and minimizing civilian casualties. India growing defense capabilities and evolving security needs are key drivers for this market.
The precision guided munition market in India confronts challenges related to accuracy, cost, and integration. Ensuring the high accuracy of precision guided munitions is essential for their effectiveness, and constant improvements are needed. Balancing the cost of procurement and maintenance with the advantages of precision munitions can be a financial challenge. Integrating these munitions into existing military systems and platforms can be complex and may require modifications.
The precision guided munition market in India continued to grow, with a focus on enhancing strike capabilities. However, the pandemic may have caused delays in the development and deployment of these munitions.
Defence Research and Development Organisation (DRDO), Tata Consultancy Services (TCS), and HCL Technologies are significant contributors in AI for military applications.
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 India Precision Guided Munition Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Precision Guided Munition Market Revenues & Volume, 2021 & 2031F |
3.3 India Precision Guided Munition Market - Industry Life Cycle |
3.4 India Precision Guided Munition Market - Porter's Five Forces |
3.5 India Precision Guided Munition Market Revenues & Volume Share, By Speed, 2021 & 2031F |
3.6 India Precision Guided Munition Market Revenues & Volume Share, By Mode of Operation, 2021 & 2031F |
3.7 India Precision Guided Munition Market Revenues & Volume Share, By Launch Platform, 2021 & 2031F |
4 India Precision Guided Munition Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing defense budget of India |
4.2.2 Rising cross-border conflicts and security threats |
4.2.3 Technological advancements in precision guided munitions |
4.3 Market Restraints |
4.3.1 Stringent regulations and export controls |
4.3.2 High costs associated with precision guided munitions development and procurement |
5 India Precision Guided Munition Market Trends |
6 India Precision Guided Munition Market, By Types |
6.1 India Precision Guided Munition Market, By Speed |
6.1.1 Overview and Analysis |
6.1.2 India Precision Guided Munition Market Revenues & Volume, By Speed, 2021-2031F |
6.1.3 India Precision Guided Munition Market Revenues & Volume, By Subsonic, 2021-2031F |
6.1.4 India Precision Guided Munition Market Revenues & Volume, By Supersonic, 2021-2031F |
6.1.5 India Precision Guided Munition Market Revenues & Volume, By Hypersonic, 2021-2031F |
6.2 India Precision Guided Munition Market, By Mode of Operation |
6.2.1 Overview and Analysis |
6.2.2 India Precision Guided Munition Market Revenues & Volume, By Semi-autonomous , 2021-2031F |
6.2.3 India Precision Guided Munition Market Revenues & Volume, By Autonomous, 2021-2031F |
6.3 India Precision Guided Munition Market, By Launch Platform |
6.3.1 Overview and Analysis |
6.3.2 India Precision Guided Munition Market Revenues & Volume, By Land, 2021-2031F |
6.3.3 India Precision Guided Munition Market Revenues & Volume, By Airborne , 2021-2031F |
6.3.4 India Precision Guided Munition Market Revenues & Volume, By Naval, 2021-2031F |
7 India Precision Guided Munition Market Import-Export Trade Statistics |
7.1 India Precision Guided Munition Market Export to Major Countries |
7.2 India Precision Guided Munition Market Imports from Major Countries |
8 India Precision Guided Munition Market Key Performance Indicators |
8.1 Research and development investments in precision guided munitions technology |
8.2 Government contracts awarded for precision guided munition projects |
8.3 Number of successful precision guided munition tests conducted |
8.4 Adoption rate of precision guided munitions by the Indian Armed Forces |
9 India Precision Guided Munition Market - Opportunity Assessment |
9.1 India Precision Guided Munition Market Opportunity Assessment, By Speed, 2021 & 2031F |
9.2 India Precision Guided Munition Market Opportunity Assessment, By Mode of Operation, 2021 & 2031F |
9.3 India Precision Guided Munition Market Opportunity Assessment, By Launch Platform, 2021 & 2031F |
10 India Precision Guided Munition Market - Competitive Landscape |
10.1 India Precision Guided Munition Market Revenue Share, By Companies, 2024 |
10.2 India Precision Guided Munition Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here