/PRNewswire/ The global precision guided munition market size is expected to reach USD 55.17 billion in 2030, registering a CAGR of 5.6% from 2022 to 2030,.
SAN FRANCISCO, Feb. 10, 2022 /PRNewswire/ The global precision guided munition market size is expected to reach USD 55.17 billion in 2030, registering a CAGR of 5.6% from 2022 to 2030, according
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SAN FRANCISCO, Feb. 8, 2021 /PRNewswire/ The global ammunition market size is expected
to reach USD 28.37 billion by 2028 registering a CAGR of 3.6%, according to a new report by Grand View Research, Inc. Increasing investments in defense equipment by militaries on account of the rise in geopolitical tension across the globe are anticipated to drive the product demand. Increasing procurement of artillery and mortar platforms by the Indian Army through several development platforms are expected to raise the number of ammunition over the forecast period. Also, the rise in hostilities is expected to boost the product demand in the Middle Eastern countries during the projected period.