US Precision-guided Munitions (PGMs) Market Size, Share, Growth Insights and Forecast 2024-2031

The US Precision-Guided Munitions Market reached US$ 6.23 billion in 2023 and is expected to reach US$ 9.82 billion by 2031, growing with a CAGR of 5.85% during the forecast period 2024-2031, according to DataM Intelligence report.
Precision-guided munitions (PGMs) represent a cornerstone of modern military operations, offering unparalleled accuracy and efficiency in targeting while minimizing collateral damage. The advanced weapons utilize advanced guidance systems such as inertial measurement units, GPS receivers, laser seekers and radar systems to dynamically adjust their flight paths in response to real-time conditions. This technological precision ensures effectiveness even in challenging environments, including adverse weather or operational targeting errors.