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The missile guidance system market size is forecast to increase by USD 645.4 million at a CAGR of 4.69% between 2023 and 2028. The global missile guidance systems market is experiencing robust growth due to the escalating acquisition and advancement of missile technology by defense forces worldwide. This expansion is further fueled by the development of enhanced guidance systems for hypersonic missiles, which offer increased accuracy and speed. Hypersonic missiles, capable of traveling above Mach 5, pose a significant threat and necessitate sophisticated guidance systems to ensure their precision. Additionally, the emergence of small diameter bombs (SDBs) and electromagnetic railguns is anticipated to generate new opportunities for market growth. SDBs, characterized by their small size and large warhead capacity, necessitate precise guidance systems for effective deployment alongside missiles and missile defense systems. Likewise, electromagnetic railguns, which utilize electromagnetic forces to launch projectiles at high velocities, require advanced guidance systems for accurate targeting. Collectively, these trends are projected to propel the market forward in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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