Precision Guided Munition Market Growing at $41.0 Billion by 2026

Northbrook, IL -- (SBWIRE) -- 11/29/2021 -- According to the new research report, the "Precision Guided Munition Market by Speed (Subsonic, Supersonic, and Hypersonic), Product, Technology, Mode of Operation (Semi-autonomous and Autonomous), Launch Platform (Land, Airborne and Naval) and Region - Forecast to 2026", published by MarketsandMarkets™, is projected to grow from USD 32.8 billion in 2021 to USD 41.0 billion by 2026, at a CAGR of 4.5% from 2021 to 2026. The growing demand for surveillance activities along the attack-prone borders, rising defense spending of emerging economy, increasing incidences of terror attacks and rising number of ongoing inter-country conflicts have led to the growth of Precision guided munitions market.