Guided Bomb Market is Forecasted to Reach US$ 3.1 Billion in 2028, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global Guided Bomb Market  which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2028: US$ 3.1 billion

Growth (CAGR): 5.4% during 2023-2028

Leading Guidance Type: laser-guided bomb

Leading Region: North America

Forecast Period: 2023-2028

Trend Period: 2017-2021

Base Year: 2022

Number of Segments Covered: 2

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Guided Bomb Market:

The global Guided Bomb Market is segmented based on Guidance type, and region.

By Guidance Type

“Laser-guided bomb is expected to remain the dominant guidance type of the market during the forecast period.”

• Based on guidance type, the market is classified as GPS-guided bombs, laser-guided bombs, infrared (IR)-guided bombs, and others.
• Among these sub-segments, laser-guided bombs are most used, thereby accounting for market supremacy.
• They carry a lesser amount of explosives as compared to unguided bombs and result in limited collateral damage. As a result, laser-guided bombs have generated a large demand in recent years, and they are used by several air forces across the globe.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to remain the largest market during the forecast period. This growth outlook is mainly attributed to the following:

·      In terms of regions, North America is likely to maintain its dominance in the global guided bomb market, throughout the forecast period.

·      Several market-leading companies such as Boeing, General Dynamics Corporation, L3Harris Technologies, Inc., Lockheed Martin Corporation, and Raytheon Technologies Corporation, among others, are headquartered in the region.

·      These companies actively engage in the development of precision guidance kits for general bombs and turning them into laser-guided bombs (LGB).

·      They are also the primary contractors for the US Department of Defense w.r.t guided bombs. Concurrently, Asia-Pacific is an emerging region in the global market as the entire continent is prone to high-tension border conflicts such as that of India-Pakistan, India-China, China-Taiwan, and North Korea-South Korea.

Guided Bomb Market Drivers:

Some of the key drivers listed in the report are given below.

·      Precision Strike Capability – Growing demand for surgical strike accuracy with minimal collateral damage is driving adoption of guided munitions.

·      Modernization of Armed Forces – Defense modernization programs across major economies are boosting procurement of advanced air-to-ground weapons.

·      Increased Geopolitical Tensions – Rising regional conflicts and cross-border threats are compelling nations to invest in precision-guided bombs.

·      Technological Advancements – Integration of GPS, laser, and inertial navigation systems is enhancing targeting accuracy and mission efficiency.

·      Expansion of UAV-based Warfare – Increasing deployment of drones in combat roles is fueling the demand for lightweight, precision-guided bomb systems.

Competitive Landscape: Top 10 Companies in the Guided Bomb Market :

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

·      Boeing

·      General Dynamics Corporation

·      L3Harris Technologies, Inc.

·      Lockheed Martin Corporation

·      Raytheon Technologies Corporation

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the data center liquid cooling market, answering critical questions like

-       How big is the sales opportunity?

-       Which regions offer the best sales opportunities?

-       Which are the most attractive market segments?

-       Which are the top players and their market positioning?

-       How complex is the business environment?

-       What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-      Precision Guided Munition Market

-      Guided Projectile Market

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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