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2025-10-03 08:03:34 -

Defense Modernization Programs Driving Global Demand for PGMs

The global Precision-Guided Munitions (PGM) Market was valued at US $35.21 billion in 2024 and is projected to reach US $55.31 billion by 2032, growing at a CAGR of 5.81% during 2025–2032. Market expansion is being fueled by rising defense modernization programs, increased demand for advanced strike capabilities, and growing geopolitical tensions worldwide. PGMs, which include...

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