Europe Precision-Guided Munition Market Outlook, 2031

2026

Europe Precision-Guided Munition Market Outlook, 2031

The Europe Precision-Guided Munition Market is segmented into By Product Type (Tactical Missiles, Guided Rockets and Artillery Shells, Guided Bombs (PGMs/Smart Bombs), Loitering Munitions, Interceptor Missiles, Torpedoes, Hypersonic Missiles); By Subsystem (Guidance and Navigation Systems, Target Acquisition Systems, Propulsion Systems, Warheads, Power Supply Systems); By Launch Platform (Airborne, Land-based, Naval, Unmanned Systems); By Range (Short-Range (Less than 50 km), Medium-Range (50 to 300 km), Long-Range (Greater than 300 km)); By Speed (Subsonic, Supersonic, Hypersonic).

Bonafide Research
11-07-2026
Pages : 103
Figures : 9
Tables : 40
Region : Europe
Category : Aerospace & Defence
Weapons

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Europe Precision Guided Munition market is projected to reach USD 15.05 Billion by 2031, driven by higher defense budgets and regional security needs.

Historical Period2020-2024
Base Year2025
Forecast Period2026-2031
Market Size (2031) USD 15.05 Billion
Largest Market Germany
Fastest Market Italy
Format

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1. Textron Inc.
2. Thales Group
3. Lockheed Martin Corporation
4. BAE Systems plc
5. General Atomics
6. Mitsubishi Heavy Industries, Ltd
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Precision-Guided Munition Market Analysis

Europe’s precision guided munition landscape has undergone a decisive reconfiguration, shedding its post-Cold War restraint to confront the stark arithmetic of high-intensity conflict. The Russian invasion of Ukraine exposed alarming shallowness in national stockpiles, with the French Direction Générale de l’Armement acknowledging that the Armee de l’Air held only a limited inventory of SCALP-EG cruise missiles before supplemental orders were rushed to MBDA. Berlin’s Sondervermögen Bundeswehr special fund allocated €20.3 billion for air combat and deep-strike systems, directly accelerating the procurement of laser-guided rockets and stand-off weapons. This revival is structured around collaborative multi-domain programs like the Future Cruise/Anti-Ship Weapon (FC/ASW) led by MBDA and Leonardo, which aims to replace Storm Shadow, Exocet, and Harpoon with a single supersonic, stealthy penetrator by 2030. The European Defence Fund (EDF) has become a critical catalyst, channeling hundreds of millions into projects such as the “Strategic Air-to-Ground Missile” family and the “Beyond-Line-of-Sight” battlefield engagement ecosystem, effectively socializing development risk across member states. Yet the industrial ascent confronts deeply embedded friction: the continent’s solid rocket motor industrial capacity concentrates at Roxel, a MBDA-Safran joint venture, and Nammo’s Nordic facilities, neither of which can rapidly surge output without importing critical precursor chemicals from outside the European Union. Regulatory divergence persists despite the European Defence Industrial Strategy, as national technology release policies under the EU Dual-Use Regulation 2021/821 still require months of negotiation even for exports among allied nations. Technological momentum is accelerating around multi-mode seekers, with Safran’s AASM Hammer family now integrating semi-active laser and infrared homing into a single kit, while Diehl Defence advances supersonic penetration aids. Expos such as Eurosatory 2024 and the Farnborough International Airshow routinely feature the FC/ASW mock-up and naval precision demonstrations by Kongsberg’s Naval Strike Missile, underscoring a market realigning around deep-strike credibility and digital engineering partnerships rather than sheer platform count. According to the research report, "Europe Precision Guided Munition Market Outlook, 2031," published by Bonafide Research, the Europe Precision Guided Munition market is expected to reach a market size of USD 15.05 Billion by 2031. The competitive fabric of Europe’s precision strike sector coalesces around MBDA, a consortium of BAE Systems, Airbus, and Leonardo, which stands as the prime integrator for the Meteor beyond-visual-range missile, the Brimstone millimeter-wave guided rocket, the SPEAR 3 network-enabled mini-cruise missile, and the SCALP/Storm Shadow family. National champions hold critical niches: Safran Electronics & Defense delivers the AASM Hammer precision guided bomb kit in standoff variants exceeding 70 kilometers, while Diehl Defence supplies the Vulcano 127-millimeter and 155-millimeter guided artillery projectile in collaboration with Leonardo, and the IRIS-T imaging-infrared air-to-air missile. Kongsberg’s Naval Strike Missile has rapidly emerged as a de facto alliance standard for coastal defense and surface warfare, securing orders from 14 nations including Germany, Poland, and the United Kingdom. Entry barriers are formidable. The push for ITAR-free architecture compels firms to develop European-designed seekers and inertial measurement units, lengthening qualification cycles, while the absence of a single European military airworthiness authority forces repeated flight certifications across multiple national test ranges. The value chain segments into propulsion, where Roxel and Nammo dominate, seekers from Thales and Safran, and warheads from TDW Gesellschaft, with pricing reflecting the low-rate, high-assurance manufacturing model: a single Meteor missile approximates €2 million, a Brimstone around £100,000, and a Vulcano guided shell near €70,000. Demand patterns increasingly concentrate through the Organisation for Joint Armament Cooperation (OCCAR), which aggregates orders for the AASM, MICA NG, and future FC/ASW, enabling block-buy economies. The competitive landscape faces parallel pressure from U.S. primes; Raytheon’s GBU-53/B StormBreaker and Lockheed Martin’s AGM-158B JASSM-ER routinely win in open European tenders where ITAR-free status is not a legal requirement. Investment momentum is robust, with the UK’s Team Complex Weapons portfolio committing over £6.6 billion across the SPEAR, Meteor, and Future Cruise weapons pipeline, and the EDF’s 2023 calls allocating €1.2 billion to collaborative munitions research, notably the “E-PGM” program for portable precision effects, steering the continent toward a period of competitive consolidation and component-level specialization.

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Market Dynamics

Market Drivers• NATO Deterrence Posture Reinforcement: The Madrid and Vilnius summit commitments have transformed precision fires from a discretionary upgrade into a treaty-grade obligation. NATO’s new regional defence plans require allies to field deep-strike capabilities capable of interdicting Russian logistics at operational depth, a mission set that previously belonged to a handful of high-readiness forces. The German-led “Framework Nations Concept” artillery initiative and Poland’s €2.4 billion purchase of 218 K239 Chunmoo launchers with guided rockets illustrate how deterrence doctrine cascades into multi-year procurement ceilings, creating a demand floor that supports industrial investment cycles regardless of individual government rotation.
• Combat-Consumption Reset Logic: The rate of artillery shell expenditure in Ukraine, estimated by the European Defence Agency at times exceeding 6,000 rounds per day, has shattered pre-war assumptions about ammunition sufficiency. Precision guidance kits that convert standard 155-millimeter shells into top-attack capable rounds reduce the logistical burden by a factor of 10 to 20 for point targets. This math now underpins Denmark’s, the Netherlands’, and Germany’s joint acquisition of over 18,000 Vulcano guided shells through OCCAR, a procurement behavior shift where unit cost is recalculated against the total supply chain tonnage avoided, permanently altering ammunition modernization budgets across the alliance.

Market Challenges• Fractured Multinational Certification: Europe’s military aviation authorities lack a harmonized ordnance certification standard analogous to the FAA’s civil framework. A guided bomb qualified on a French Rafale must undergo a separate, time-consuming campaign on a Eurofighter Typhoon operated by the United Kingdom or Italy, even though both platforms are NATO members. Leonardo’s Skyward tube-launched loitering munition encountered a twelve-month delay simply verifying electromagnetic compatibility across different test establishments. This regulatory mosaic suppresses economies of scale, as manufacturers cannot amortize qualification costs over a single unified process, inflating unit prices and slowing fielding timelines.
• Solid Rocket Motor Feedstock Vulnerability: Europe’s capacity to produce high-energy composite propellants rests on a highly concentrated supply of ammonium perchlorate and specialty bonding agents, materials sourced predominantly from non-European suppliers. Roxel’s French and UK plants and Nammo’s Norwegian facility maintain limited surge buffers. The European Commission’s ASAP program identified this as a critical single-point failure, but establishing an alternative European ammonium perchlorate line requires a five-year lead time and significant environmental permitting under REACH regulations. This chokepoint makes even a modest demand spike from simultaneous missile programs unmanageable without immediate inventory releases from the United States, undermining strategic autonomy goals.

Market Trends• Hypersonic Penetrator Development: The FC/ASW program’s “Concept de Missile Hypersonique” track, pursued by France under the V-MaX demonstrator series, signals a European move into scramjet and high-supersonic strike regimes. MBDA’s CVS401 Perseus concept and the French ArianeGroup’s involvement in testing a hypersonic glide vehicle under the EDF’s HYDIS² project reflect a concerted attempt to bypass increasingly dense Russian integrated air defense systems with speed rather than stealth alone. This trend will segregate the munitions market into a high-tier hypersonic segment requiring entirely new thermal protection and propulsion supply chains, separate from today’s subsonic cruise and glide families.
• Networked Swarm Autonomy: European ministries are funding collaborative engagement algorithms that allow loitering munitions to distribute targeting roles in-flight, a shift visible in the MBDA Remote Carriers concept and Rheinmetall’s collaboration with UVision on Hero loitering munitions. The EDF’s “COLLABO” project is maturing tactical data links that enable a mixed formation of SPEAR 3 cruise weapons and small rotary-wing effectors to share target imagery and assign terminal attack priorities autonomously. This moves procurement emphasis from the exquisite munition toward the network combat cloud, rewarding integrators who control the command architecture and open application programming interfaces rather than just the airframe.

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Precision-Guided Munition Segmentation

By Product Type	Tactical Missiles
	Guided Rockets and Artillery Shells
	Guided Bombs (PGMs/Smart Bombs)
	Loitering Munitions
	Interceptor Missiles
	Torpedoes
	Hypersonic Missiles
By Subsystem	Guided and Navigation Systems
	Target Acquisition Systems
	Propulsion Systems
	Warheads
	Power Supply Systems
By Launch Platform	Airborne
	Land-based
	Naval
	Unmanned Systems
By Range	Short-Range (Less than 50 km)
	Medium-Range (50 to 300 km)
	Long-Range (Greater than 300 km)
By Speed	Subsonic
	Supersonic
	Hypersonic
Europe	Germany
	United Kingdom
	France
	Italy
	Spain
	Russia

Europe's sprint toward hypersonic strike stems from the urgent need to penetrate advanced air defenses that render subsonic cruise missiles increasingly vulnerable. France's V-MaX hypersonic glide vehicle demonstrator completed a successful test flight from DGA Biscarrosse in 2023, validating a Mach 5+ maneuvering reentry path. The European Defence Fund's HYDIS² project, led by ArianeGroup and involving MBDA, Thales, and Safran, channels €80 million into scramjet propulsion and thermal protection material research. MBDA's CVS401 Perseus concept envisions a Mach 3+ anti-ship and land-attack missile, signaling industry commitment to supersonic-to-hypersonic transition. Germany's Bundeswehr has expressed interest in hypersonic strike under the Sondervermögen fund, exploring concepts with Diehl Defence and MBDA Deutschland. The NATO Defence Planning Process now classifies hypersonic deep strike as a critical capability gap, directing alliance funds toward European sovereign development. Leonardo's participation in the HYDIS² program adds Italian high-temperature composite manufacturing expertise to the propulsion value chain. Finally, the French Ministry of Armed Forces' dedicated hypersonic roadmap, separate from FC/ASW, ensures sustained national funding independent of bilateral project timelines, accelerating parallel hypersonic product lines. Precision seekers and jam-resistant navigation dominate subsystem investment as Europe pursues ITAR-free autonomy and multi-mode terminal guidance for contested environments. MBDA's Brimstone missile uses a 94GHz millimeter-wave radar seeker that locks onto high-speed targets autonomously, setting a standard for fire-and-forget engagement. Safran's AASM Hammer guidance kit now integrates a semi-active laser, infrared homing, and anti-jam GPS receiver in a single module, offering Rafale pilots a tri-mode option. Thales provides the active radar seeker for the Meteor beyond-visual-range missile, which maintains lock even under heavy electronic attack through home-on-jam capability. Diehl Defence's IRIS-T employs an imaging infrared seeker with high off-boresight acquisition angles, crucial for close-in dogfight precision. The FC/ASW programme mandates an open-architecture seeker interface, allowing future insertion of new sensor modalities without full redesign, attracting investment from Hensoldt and Indra. Leonardo's semi-active laser guidance package for the Vulcano 155mm shell enables pinpoint accuracy from artillery, proving seeker integration across calibers. Europe's push for a sovereign inertial navigation system, free of U.S. GPS, has led Safran to develop an HRG crystal gyroscope for export-license-free precision guidance across munition families. Fixed-wing combat aircraft form the dominant launch platform because Europe's strike doctrines rely on penetrating fighter-bombers to deliver stand-off munitions deep inside adversary territory. The Eurofighter Typhoon fleet across Germany, Italy, Spain, and the UK regularly deploys the Storm Shadow cruise missile and Brimstone precision rockets, integrating through a common stores management system. France's Rafale F4 standard aircraft carries the SCALP-EG deep-strike missile and AASM Hammer family, enabling simultaneous anti-ship, air defence suppression, and interdiction. Sweden's Gripen E, armed with the Taurus KEPD 350 and RBS-15 anti-ship missile, demonstrates Nordic airborne strike capability exceeding 500 kilometers. The F-35A Lightning II, operated by the UK, Italy, Norway, Denmark, and the Netherlands, will internal-carry the SPEAR 3 mini-cruise missile, a network-enabled weapon specifically designed for the aircraft's small bay. The UK's Typhoon Tranche 3 and F-35B integration of the Meteor beyond-visual-range missile extends air-to-air precision across mixed fleets. Airbus A400M transport aircraft tested the Rapid Dragon palletized munition concept, dropping JASSM-ER simulators, hinting at future non-traditional airborne launch but still relying on cargo ramp delivery. Finally, the retirement of Tornado strike aircraft across Germany and Italy has accelerated the qualification of JASSM-ER and Storm Shadow on Typhoon, solidifying airborne platforms as the primary precision delivery vector. Long-range munitions beyond 300 kilometers surge as European NATO members require deep-strike capabilities to deter Russian second-echelon forces and command infrastructure. The UK's Storm Shadow cruise missile, with a 560-kilometer range, has been fired extensively by Ukrainian Su-24s, prompting the Ministry of Defence to place a rapid replenishment order with MBDA. France's SCALP-EG variant similarly saw combat, and the Direction Générale de l'Armement is funding its successor through the FC/ASW programme. Germany's parliamentary approval in 2022 to procure AGM-158B JASSM-ER for the Luftwaffe's Tornado fleet opened a 900-kilometer stand-off capability. Norway's Kongsberg Joint Strike Missile, integrated on F-35A, offers a passive imaging infrared seeker and ranges over 500 kilometers, already adopted by Finland and Japan. The Franco-British Future Cruise/Anti-Ship Weapon targets a 2028 in-service date with a requirement exceeding 300 kilometers for both land and naval variants. Poland's acquisition of JASSM-ER and consideration of longer-range systems under the Orka programme extends Eastern Europe's strike envelope. The European Defence Agency's 2023 capability review identified a collective shortfall in deep fire, driving multinational investment toward FC/ASW and hypersonic projects to fill the long-range gap. Subsonic profiles remain the workhorse speed regime because they maximize fuel efficiency, extend range past 500 kilometers, and enable low-observable airframe shaping for deep penetration. The Storm Shadow/SCALP cruise missile flies at Mach 0.8 with a turbofan engine, achieving 560 kilometers of terrain-hugging flight, making it Europe's most combat-proven deep-strike asset. MBDA's Taurus KEPD 350, used by Germany and Spain, employs a similar Williams International turbofan for 500-plus kilometer stand-off, penetrating dense air defenses at subsonic speed. The Joint Strike Missile from Kongsberg, while boasting a supersonic terminal dash option, cruises subsonically to maximize its 500-kilometer range and infrared-signature management. Safran's AASM Hammer rocket-boosted glide bomb transitions to subsonic glide after motor burnout, optimizing range while keeping cost per unit below high-speed alternatives. MBDA's SPEAR 3 mini-cruise missile relies on a small turbofan for subsonic cruise, enabling internal carriage and in-flight re-targeting via Link 16, capabilities that supersonic munitions sacrifice. Leonardo's Marte ER anti-ship missile uses a subsonic turbofan to loiter over sea before terminal engagement, illustrating the maritime stand-off preference. The upcoming Remote Carriers concept from MBDA and Airbus envisions swarms of subsonic uncrewed effectors, reinforcing a market-wide bet on low-speed endurance over supersonic dash.

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Precision-Guided Munition Market Regional Insights

The United Kingdom leads Europe's precision munition sector through its Team Complex Weapons portfolio, sustained combat operations, and deep integration across air, naval, and ground domains. MBDA UK, the prime contractor for the Storm Shadow, Brimstone, Meteor, and ASRAAM missiles, anchors a sovereign missile house that supplies over 90% of the Royal Air Force's guided weapons. The £6.6 billion Team Complex Weapons agreement, renewed in 2021, bundles development of SPEAR 3, Future Cruise Weapon, and Meteor sustainment under a single contracting framework, offering industry long-term demand visibility. The UK's early transfer of Storm Shadow to Ukraine in May 2023 drew down operational stocks, compelling a rapid Ministry of Defence order for replacements that locked MBDA's Bolton and Stevenage lines for years. The Royal Navy's Type 26 frigate will embark the Future Cruise/Anti-Ship Weapon, driving naval precision integration, while the Spearfish heavyweight torpedo modernization demonstrates cross-domain guided weapon investment. BAE Systems' Laser Guidance Pod and Leonardo UK's seeker work for Brimstone create a domestic sub-system supplier base that exports to allied programs. The Defence Science and Technology Laboratory's novel hypersonic research programme feeds into the future weapon pipeline, exceeding FC/ASW's scope. Finally, the United Kingdom's participation in the AUKUS partnership includes sharing guided weapon technology with Australia and the US, cementing its role as a development hub for next-generation precision strike.

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Companies Mentioned

Textron Inc.
Thales Group
Lockheed Martin Corporation
BAE Systems plc
General Atomics
Mitsubishi Heavy Industries, Ltd
Northrop Grumman Corporation
The Boeing Company
Hanwha Group
Greenmount Travel
Trump Tours Inc.
Rafael Advanced Defense Systems Ltd.

1. Executive Summary
2. Market Dynamics
2.1. Market Drivers & Opportunities
2.2. Market Restraints & Challenges
2.3. Market Trends
2.4. Supply chain Analysis
2.5. Policy & Regulatory Framework
2.6. Industry Experts Views
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Market Structure
4.1. Market Considerate
4.2. Assumptions
4.3. Limitations
4.4. Abbreviations
4.5. Sources
4.6. Definitions
5. Economic /Demographic Snapshot
6. Europe Precision-Guided Munition Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By Product Type
6.4. Market Size and Forecast, By Subsystem
6.5. Market Size and Forecast, By Launch Platform
6.6. Market Size and Forecast, By Range
6.7. Market Size and Forecast, By Speed
6.8. Germany Precision-Guided Munition Market Outlook
6.8.1. Market Size by Value
6.8.2. Market Size and Forecast By Product Type
6.8.3. Market Size and Forecast By Subsystem
6.8.4. Market Size and Forecast By Launch Platform
6.8.5. Market Size and Forecast By Range
6.8.6. Market Size and Forecast By Speed
6.9. United Kingdom (UK) Precision-Guided Munition Market Outlook
6.9.1. Market Size by Value
6.9.2. Market Size and Forecast By Product Type
6.9.3. Market Size and Forecast By Subsystem
6.9.4. Market Size and Forecast By Launch Platform
6.9.5. Market Size and Forecast By Range
6.9.6. Market Size and Forecast By Speed
6.10. France Precision-Guided Munition Market Outlook
6.10.1. Market Size by Value
6.10.2. Market Size and Forecast By Product Type
6.10.3. Market Size and Forecast By Subsystem
6.10.4. Market Size and Forecast By Launch Platform
6.10.5. Market Size and Forecast By Range
6.10.6. Market Size and Forecast By Speed
6.11. Italy Precision-Guided Munition Market Outlook
6.11.1. Market Size by Value
6.11.2. Market Size and Forecast By Product Type
6.11.3. Market Size and Forecast By Subsystem
6.11.4. Market Size and Forecast By Launch Platform
6.11.5. Market Size and Forecast By Range
6.11.6. Market Size and Forecast By Speed
6.12. Spain Precision-Guided Munition Market Outlook
6.12.1. Market Size by Value
6.12.2. Market Size and Forecast By Product Type
6.12.3. Market Size and Forecast By Subsystem
6.12.4. Market Size and Forecast By Launch Platform
6.12.5. Market Size and Forecast By Range
6.12.6. Market Size and Forecast By Speed
6.13. Russia Precision-Guided Munition Market Outlook
6.13.1. Market Size by Value
6.13.2. Market Size and Forecast By Product Type
6.13.3. Market Size and Forecast By Subsystem
6.13.4. Market Size and Forecast By Launch Platform
6.13.5. Market Size and Forecast By Range
6.13.6. Market Size and Forecast By Speed
7. Competitive Landscape
7.1. Competitive Dashboard
7.2. Business Strategies Adopted by Key Players
7.3. Porter's Five Forces
7.4. Company Profile
7.4.1. Raytheon Technologies Corporation
7.4.1.1. Company Snapshot
7.4.1.2. Company Overview
7.4.1.3. Financial Highlights
7.4.1.4. Geographic Insights
7.4.1.5. Business Segment & Performance
7.4.1.6. Product Portfolio
7.4.1.7. Key Executives
7.4.1.8. Strategic Moves & Developments
7.4.2. Lockheed Martin Corporation
7.4.3. The Boeing Company
7.4.4. Northrop Grumman Corporation
7.4.5. General Dynamics Corporation
7.4.6. General Atomics
7.4.7. Textron Inc.
7.4.8. BAE Systems plc
7.4.9. Thales Group
7.4.10. Rafael Advanced Defense Systems Ltd.
7.4.11. Mitsubishi Heavy Industries, Ltd.
7.4.12. Hanwha Group
8. Strategic Recommendations
9. Annexure
9.1. FAQ`s
9.2. Notes
10. Disclaimer

Table 1: Influencing Factors for Precision-Guided Munition Market, 2025
Table 2: Top 10 Counties Economic Snapshot 2024
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Europe Precision-Guided Munition Market Size and Forecast, By Product Type (2020 to 2031F) (In USD Billion)
Table 6: Europe Precision-Guided Munition Market Size and Forecast, By Subsystem (2020 to 2031F) (In USD Billion)
Table 7: Europe Precision-Guided Munition Market Size and Forecast, By Launch Platform (2020 to 2031F) (In USD Billion)
Table 8: Europe Precision-Guided Munition Market Size and Forecast, By Range (2020 to 2031F) (In USD Billion)
Table 9: Europe Precision-Guided Munition Market Size and Forecast, By Speed (2020 to 2031F) (In USD Billion)
Table 10: Germany Precision-Guided Munition Market Size and Forecast By Product Type (2020 to 2031F) (In USD Billion)
Table 11: Germany Precision-Guided Munition Market Size and Forecast By Subsystem (2020 to 2031F) (In USD Billion)
Table 12: Germany Precision-Guided Munition Market Size and Forecast By Launch Platform (2020 to 2031F) (In USD Billion)
Table 13: Germany Precision-Guided Munition Market Size and Forecast By Range (2020 to 2031F) (In USD Billion)
Table 14: Germany Precision-Guided Munition Market Size and Forecast By Speed (2020 to 2031F) (In USD Billion)
Table 15: United Kingdom (UK) Precision-Guided Munition Market Size and Forecast By Product Type (2020 to 2031F) (In USD Billion)
Table 16: United Kingdom (UK) Precision-Guided Munition Market Size and Forecast By Subsystem (2020 to 2031F) (In USD Billion)
Table 17: United Kingdom (UK) Precision-Guided Munition Market Size and Forecast By Launch Platform (2020 to 2031F) (In USD Billion)
Table 18: United Kingdom (UK) Precision-Guided Munition Market Size and Forecast By Range (2020 to 2031F) (In USD Billion)
Table 19: United Kingdom (UK) Precision-Guided Munition Market Size and Forecast By Speed (2020 to 2031F) (In USD Billion)
Table 20: France Precision-Guided Munition Market Size and Forecast By Product Type (2020 to 2031F) (In USD Billion)
Table 21: France Precision-Guided Munition Market Size and Forecast By Subsystem (2020 to 2031F) (In USD Billion)
Table 22: France Precision-Guided Munition Market Size and Forecast By Launch Platform (2020 to 2031F) (In USD Billion)
Table 23: France Precision-Guided Munition Market Size and Forecast By Range (2020 to 2031F) (In USD Billion)
Table 24: France Precision-Guided Munition Market Size and Forecast By Speed (2020 to 2031F) (In USD Billion)
Table 25: Italy Precision-Guided Munition Market Size and Forecast By Product Type (2020 to 2031F) (In USD Billion)
Table 26: Italy Precision-Guided Munition Market Size and Forecast By Subsystem (2020 to 2031F) (In USD Billion)
Table 27: Italy Precision-Guided Munition Market Size and Forecast By Launch Platform (2020 to 2031F) (In USD Billion)
Table 28: Italy Precision-Guided Munition Market Size and Forecast By Range (2020 to 2031F) (In USD Billion)
Table 29: Italy Precision-Guided Munition Market Size and Forecast By Speed (2020 to 2031F) (In USD Billion)
Table 30: Spain Precision-Guided Munition Market Size and Forecast By Product Type (2020 to 2031F) (In USD Billion)
Table 31: Spain Precision-Guided Munition Market Size and Forecast By Subsystem (2020 to 2031F) (In USD Billion)
Table 32: Spain Precision-Guided Munition Market Size and Forecast By Launch Platform (2020 to 2031F) (In USD Billion)
Table 33: Spain Precision-Guided Munition Market Size and Forecast By Range (2020 to 2031F) (In USD Billion)
Table 34: Spain Precision-Guided Munition Market Size and Forecast By Speed (2020 to 2031F) (In USD Billion)
Table 35: Russia Precision-Guided Munition Market Size and Forecast By Product Type (2020 to 2031F) (In USD Billion)
Table 36: Russia Precision-Guided Munition Market Size and Forecast By Subsystem (2020 to 2031F) (In USD Billion)
Table 37: Russia Precision-Guided Munition Market Size and Forecast By Launch Platform (2020 to 2031F) (In USD Billion)
Table 38: Russia Precision-Guided Munition Market Size and Forecast By Range (2020 to 2031F) (In USD Billion)
Table 39: Russia Precision-Guided Munition Market Size and Forecast By Speed (2020 to 2031F) (In USD Billion)
Table 40: Competitive Dashboard of top 5 players, 2025

Figure 1: Europe Precision-Guided Munition Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 2: Europe Precision-Guided Munition Market Share By Country (2025)
Figure 3: Germany Precision-Guided Munition Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 4: United Kingdom (UK) Precision-Guided Munition Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 5: France Precision-Guided Munition Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 6: Italy Precision-Guided Munition Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 7: Spain Precision-Guided Munition Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 8: Russia Precision-Guided Munition Market Size By Value (2020, 2025 & 2031F) (in USD Billion)
Figure 9: Porter's Five Forces of Global Precision-Guided Munition Market

Precision-Guided Munition Market Research FAQs

The MBDA-led Future Cruise/Anti-Ship Weapon programme is developing a single supersonic, low-observable penetrator to replace the Storm Shadow cruise missile and the Exocet anti-ship missile by 2030.

The HYDIS² project, led by ArianeGroup with partners MBDA, Thales, and Safran, is maturing scramjet propulsion and thermal protection technologies under European Defence Fund backing for a future hypersonic cruise missile.

Rheinmetall is expanding its solid-propellant mixing and casting line at the Unterlüß complex in Lower Saxony to double production output of 155-millimeter guided artillery shells and rocket motors for the Bundeswehr and allied nations.

The Organisation for Joint Armament Cooperation aggregates requirements for munitions such as the AASM Hammer and MICA NG, enabling joint procurement across multiple member air forces with standardized configurations and volume pricing.

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