Stratview Research has published a market research report on the precision-guided munition market. This strategic assessment report intends to provide a thorough overview that reflects today's precision-guided munition market realities as well as future market potential from 2022 to 2028.

Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:

• High-tech new-generation missile development poses a serious risk to important sites and assets like military ships and air bases. High-speed cruise missiles and nuclear-capable ballistic missiles are a couple of these recent innovations.
• Many nations are working on very sophisticated weapons that can overcome sophisticated air defense systems like the Patriot Advanced Capability-3 (PAC-3), the S-400, and the Medium Extended Air Defense System (MEADS).

Segment Analysis

Speed Type:

The global precision-guided munition industry has been segmented into subsonic, supersonic, and hypersonic. Hypersonic munitions are armed with a propulsion system enabling it to achieve a speed of Mach 5 or higher. Currently, hypersonic weapons are in the development stage and are projected to be commercialized in the coming years.

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