Regional Insights into the Guided Munition Market: Emerging Markets
The Guided Munition Market is projected to grow at a CAGR of 5.9%, reaching US$ 28.9 billion by 2028. North America is set to lead, driven by market giants like Lockheed Martin, Raytheon, Boeing, and Northrop Grumman, key contractors for the US DoD. With over 40% of global military expenses, the region dominates. Asia-Pacific emerges as a growth hub, fueled by rising military budgets in India and China and frequent border conflicts.