EUROPE PRECISION-GUIDED MUNITION MARKET

INTRODUCTION

The European Defence Agency (EDA) has started a major drive to develop Europe's technological and industrial basis related to ammunition as part of the implementation of the European Defense Technological Industrial Base (EDTIB) Strategy.

The use of PGMs was greatly boosted in the most recent operation, yielding positive and significant outcomes for the Alliance in terms of precision and collateral damage reduction.

One of the most important reasons was a decrease in tolerance for collateral damage.

Aerodynamics, laser technology, and electronics advancements in PGM-enabling sectors have moved Air Power closer to a surgical strike capability, which is believed crucial for modern combat.

Precision has become increasingly important, both to improve the effect against the enemy and to reduce casualties among friendly forces and non-combatants.

EUROPE PRECISION-GUIDED MUNITION MARKET SIZE AND FORECAST

The Europe Precision-Guided Munition Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

NEW PRODUCT LAUNCH

BAE Systems, which represents a significant portion of Europe's defence ammunition industry, has signed a 12-month contract with the European Defence Agency (EDA) to develop a Roadmap and Implementation Plan for a European solution on Precision Guided Ammunition to meet the Common Security and Defense Policy capability requirements.

The contract's goal is to produce a realistic, step-by-step plan for building a more robust, sustainable, and competitive European defence ammunition sector capable of providing the military capabilities that Member States require.

For decades, General Atomics Electromagnetic Systems (GA-EMS) has been creating precision guided weapons to provide improved lethality and overmatch to the warfighter, whether it's protecting against a ballistic missile strike or delivering a payload on target with accuracy and speed.

By designing new weapons that can attack static and moving targets at short, medium, and long ranges, GA-EMS is redefining the battlefield maths.

GA-EMS is putting the warfighter first by delivering superior weapon technologies to support critical Department of Defense programmes by leveraging key technical personnel with extensive experience in weapons design and manufacturing, proven flight technologies, and dedicated space and air systems engineering groups.

COMPANY PROFILE

• MBDA Missile Systems
• Saab AB
• Thales Group
• JSC Tactical Missile Corporation
• Nammo AS
• Kongsberg 
• MESKO 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perEurope Precision-Guided Munition Marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aPrecision-Guided Munition Marketin Europe?
3. How manyEurope Precision-Guided Munition Marketsare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aEurope Precision-Guided Munition Marketand key vendor selection criteria
6. Where is theEurope Precision-Guided Munition Marketmanufactured? What is the average margin per equipment?
7. Market share ofEurope Precision-Guided Munition Marketmanufacturers and their upcoming products
8. The most important plannedEurope Precision-Guided Munition Marketin next 2 years
9. Details on network of majorEurope Precision-Guided Munition Marketand pricing plans
10. Cost advantage for OEMs who manufactureEurope Precision-Guided Munition Marketin-house
11. 5 key predictions for next 5 years inEurope Precision-Guided Munition Market
12. Average B-2-BEurope Precision-Guided Munition Marketprice in all segments
13. Latest trends inEurope Precision-Guided Munition Market, by every market segment
14. The market size (both volume and value) of the EuropePrecision-Guided Munition Marketin 2022-2027 and every year in between?
15. Global production breakup ofEurope Precision-Guided Munition Market, by suppliers and their OEM relationship