PUBLISHER: Market Forecast | PRODUCT CODE: 1186907
PUBLISHER: Market Forecast | PRODUCT CODE: 1186907
Operation Desert Storm was the period when precision-guided munition became prominent. Since then, they proved their value on multiple occasions, such as in Afghanistan, Iraq, Libya and currently in Ukraine.
The war in Ukraine came as a reminder that near-peer conflicts are back after almost two decades of counter-insurgency operations. The lessons learned have led to several changes in the weapons and ammunition landscape. However, the most important issue was the stark realization that western countries were not prepared to tackle such a contingency. Their preparation for a high-intensity conflict was limited, while the defence industrial complex had limited its capacity despite having grown in the last decade.
Precision-guided munition are being used at a very high rates in the Ukrainian theatre of operations and the western industries are struggling to tackle the shortages in production.
Further to that, defence officials are faced with multiple challenges, namely the high inflation rates which end up reducing defence budgets in real terms, the disruption or difficulties in the supply chains and the energy crisis which further exacerbates the financial constraints.
Market Forecast provides a detailed analysis of the Precision-Guided Ammunition market up to 2031 in terms of calibre sizes, domain of platform from where the PGM are launched, and in terms of region. The report also provides key technological developments and maps the ammunition production infrastructure in major countries all over the world.
This report is segmented by Region, Calibre and User.
|
|