Global Precision Guided Munition Market Size, Forecast – 2032

The Global Precision Guided Munition Market Size is expected to reach USD 63.9 Billion by 2032, at a CAGR of 5.6% during the forecast period 2022 to 2032.
A precision guided munition (PGM) is an incendiary missile, rocket, or bomb that is directed by a "seeker" control system that uses a laser guidance beam, a global positioning system (GPS), and/or an integrated inertial navigation system to identify military targets with great accuracy. Precision guided weapons, also known as "smart bombs," can be launched from the air, the ground, or a vessel and can alter their flight path based on recent information about where it is headed.