Global Thermobaric Munitions Market Report 2025

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Published : December 2025

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Thermobaric Munitions Global Market Report 2025

Name: Thermobaric Munitions Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

By Munitions Type (Rockets, Missiles, Aerial Bombs, Artillery Shells, Grenades, Other Munitions Types), By Explosive Mix (Liquid Mixtures, Solid Mixtures, Advanced Composites), By Platform (Man-Portable Weapons, Armored Vehicles, Howitzers, Mortar, Fixed-Wing Aircraft, Helicopters, Unmanned Aerial Vehicles (UAVs), Naval Vessels), By Guidance System (Unguided, Laser-Guided, Global Positioning System (GPS) Or Inertial Navigation System (INS)-Guided, Infrared (IR) Or Electro-Optical (EO) Or TV-Guided, Anti-Radiation (ARM), Wire-Guided Or Semi-Automatic Command To Line Of Sight (SACLOS)), By End-User (Army, Air Force, Navy) - Market Size, Trends, And Global Forecast 2025-2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Thermobaric Munitions Market Overview

• Thermobaric Munitions market size has reached to $1.84 billion in 2024

• Expected to grow to $2.48 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%

• Growth Driver: Rise In Geopolitical Tensions Driving The Growth Of The Market Due To Escalating Global Conflicts And Heightened Military Readiness

• Market Trend: Innovation In Lightweight Warhead Design Enhancing Aerial Deployment Efficiency

• North America was the largest region in 2024.

What Is Covered Under Thermobaric Munitions Market?

Thermobaric munitions are explosive weapons that use atmospheric oxygen to generate a high-temperature blast. They create a pressure wave significantly longer and more intense than that of conventional explosives. The resulting explosion produces extreme heat and a powerful vacuum effect that can devastate enclosed or open spaces alike.

The main munitions types of thermobaric munitions are rockets, missiles, aerial bombs, artillery shells, grenades, and others. A rocket refers to a self-propelled weapon, vehicle, or device that moves by expelling gases produced by burning propellants in a confined chamber through a nozzle to generate thrust. Several explosive mixes are involved, such as liquid mixtures, solid mixtures, and advanced composites, and can be deployed from a variety of platforms, including man-portable launchers, armored vehicles, howitzers, mortars, fixed-wing aircraft, helicopters, unmanned aerial vehicles (UAVs), and naval vessels. Guidance systems range from unguided to laser-guided, global positioning system (GPS) or inertial navigation system (INS)-guided, infrared (IR) or electro-optical (EO) or TV-guided, anti-radiation (ARM), wire-guided or semi-automatic command to line of sight (SACLOS). The primary end users are the army, air force, and navy.

Thermobaric Munitions Market Size and growth rate 2025 to 2029: Graph

What Is The Thermobaric Munitions Market Size 2025 And Growth Rate?

What Is The Thermobaric Munitions Market Growth Forecast?

The thermobaric munitions market size is expected to see strong growth in the next few years. It will grow to $2.48 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing procurement for unmanned delivery integration, growing demand for low-collateral selectable-yield variants, rising investment in precision fuzing and guidance coupling, expansion of international defense industrial partnerships, and increasing modernization programs prioritizing multi-mission munitions. Major trends in the forecast period include miniaturization and precision-guided thermobaric warheads, integration with UAVs and loitering munitions, advancements in energetic materials and staged fuel-air formulations, modular and scalable warhead designs for mission tailoring, and increased R&D into reduced-collateral selectable-yield and smart fuzing systems.

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What’s The Trade War Impact On Aerospace And Defense Industry?

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

How Is The Thermobaric Munitions Market Segmented?

1) By Munitions Type: Rockets, Missiles, Aerial Bombs, Artillery Shells, Grenades, Other Munitions Types

2) By Explosive Mix: Liquid Mixtures, Solid Mixtures, Advanced Composites

3) By Platform: Man-Portable Weapons, Armored Vehicles, Howitzers, Mortar, Fixed-Wing Aircraft, Helicopters, Unmanned Aerial Vehicles (UAVs), Naval Vessels

4) By Guidance System: Unguided, Laser-Guided, Global Positioning System (GPS) Or Inertial Navigation System (INS)-Guided, Infrared (IR) Or Electro-Optical (EO) Or TV-Guided, Anti-Radiation (ARM), Wire-Guided Or Semi-Automatic Command To Line Of Sight (SACLOS)

5) By End-User: Army, Air Force, Navy

Subsegment:

1) By Rockets: Shoulder-Launched Rockets, Man-Portable Rocket Systems, Multiple Launch Rocket Systems (MLRS), Air-Launched Rockets, Anti-Tank Rockets

2) By Missiles: Surface-to-Surface Missiles (SSM), Air-To-Ground Missiles (AGM), Surface-To-Air Missiles (SAM), Anti-Ship Missiles (AShM), Tactical Ballistic Missiles

3) By Aerial Bombs: Free-Fall (Unguided) Bombs, Guided Bombs, Cluster Bombs, Penetrator Bombs

4) By Artillery Shells: Mortar Shells, Howitzer Shells, Tank Gun Shells, Self-Propelled Artillery Shells

5) By Grenades: Hand Grenades, Rifle-Launched Grenades, Rocket-Propelled Grenades (RPGs), Thermobaric Flash Or Blast Grenades

6) By Other Munitions Types: Warheads For Unmanned Aerial Vehicles (UAVs), Thermobaric Mines, Demolition Charges, Thermobaric Ammunition For Small Arms

What Is Driving The Thermobaric Munitions Market? Rise In Geopolitical Tensions Driving The Growth Of The Market Due To Escalating Global Conflicts And Heightened Military Readiness

The rise in geopolitical tensions is expected to propel the growth of the thermobaric munitions market going forward. Geopolitical tensions refer to the increasing political, military, and social conflicts between countries or regions, often arising from power struggles, ideological differences, or competing territorial and economic interests. The rise in geopolitical tensions is fueled by escalating international and state-level conflicts, the resurgence of long-running disputes, and the growing influence of non-state armed groups. Thermobaric munitions support this shift by providing militaries with highly effective explosive solutions capable of neutralizing fortified positions, bunkers, and enclosed spaces, making them a critical asset in modern warfare, where conflicts are increasingly intense and unpredictable. For instance, in January 2025, the Armed Conflict Location & Event Data Project (ACLED), a US-based nonprofit organization tracking political violence, reported that conflict event rates had increased by over 25% in 2024 compared to 2023, and further escalations were expected in 2025. Therefore, the rise in geopolitical tensions is driving the growth of the thermobaric munitions industry.

What Is Driving The Thermobaric Munitions Market? Rise In Defense Budgets Fueling The Growth Of The Market Due To Increased Investment In Advanced Military Capabilities

The rise in defense budgets is expected to propel the growth of the thermobaric munitions market going forward. The rise in defense budgets is fueled by intensifying global security challenges, regional conflicts, and heightened threat perceptions. These factors have enabled governments to invest in advanced military capabilities rather than merely covering operational costs. Thermobaric munitions contribute to this development by providing armed forces with high-yield explosive capabilities that are particularly effective against fortified structures, bunkers, and enclosed spaces. Consequently, they are increasingly prioritized within modern military arsenals as defense expenditures grow. For instance, in February 2025, according to the International Institute for Strategic Studies (IISS), a UK-based nonprofit organization, global defense spending reached $2.46 trillion in 2024, up from $2.24 trillion in 2023, reflecting a 7.4% real-terms increase. Therefore, the rise in defense budgets is driving the growth of the thermobaric munitions industry.

Who Are The Major Players In The Global Thermobaric Munitions Market?

Major companies operating in the thermobaric munitions market are Lockheed Martin Corporation; China North Industries Corporation (NORINCO); Ukroboronprom; Roketsan Roket Sanayi ve Ticaret A.S.; Nammo AS; Vazovski Mashinostroitelni Zavodi EAD; TRAYAL Corporation; Research and Production Association Splav; ARMACO JSC; DUNARIT d.d.; Bulcomers KS; Armament Research & Development Establishment (ARDE) DRDO; Rostec; Iran Aircraft Manufacturing Industrial Company (HESA); Scientific Production Association NPO Mashinostroyeniya; Munitions India Limited; Balkan NovoTeh; Makine ve Kimya Endüstrisi Kurumu (MKE); Arsenal JSCo.; Research and Production Association Bazalt.

What Are The Key Trends Of The Global Thermobaric Munitions Market? Innovation In Lightweight Warhead Design Enhancing Aerial Deployment Efficiency

Major companies operating in the thermobaric munitions market are focusing on innovation in warhead design and delivery integration, such as UAV-deployable thermobaric warheads, to enable precise, lightweight, and versatile ordnance for modern combat scenarios. UAV-deployable thermobaric munitions refer to warheads designed for use from unmanned aerial vehicles, combining high-explosive blast effects with minimal payload weight to maximize operational flexibility. For instance, in August 2024, the Russian KBP Instrument Design Bureau, a Russia-based defense manufacturer, announced the launch of the Kh BPLA guided missile designed for use from unmanned aerial vehicles. Its high-explosive variant weighs 6 kilograms and is equipped with a thermobaric warhead weighing 3.2 kilograms. The Kh-BPLA represents a modular and precise approach to deploying thermobaric munitions from unmanned platforms, reflecting the broader trend of integration-driven innovation in defense technologies.

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What Is The Regional Outlook For The Global Thermobaric Munitions Market?

North America was the largest region in the thermobaric munitions market in 2024. The regions covered in the thermobaric munitions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the thermobaric munitions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Thermobaric Munitions Market?

The thermobaric munitions market consists of sales of thermobaric bombs, thermobaric warheads, thermobaric grenades, thermobaric rockets, thermobaric missiles, thermobaric artillery shells, and thermobaric demolition charges. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Thermobaric Munitions Industry?

The thermobaric munitions market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the thermobaric munitions industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Author : Abdul Wasay

Thermobaric Munitions Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$1.96 billion
Revenue Forecast In 2034	$2.48 billion
Growth Rate	CAGR of 6.4% from 2025 to 2034
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	Munitions Type, Explosive Mix, Platform, Guidance System, End-User, Rockets, Missiles, Aerial Bombs, Artillery Shells, Grenades, Other Munitions Types
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, ...
Key Companies Profiled	Lockheed Martin Corporation; China North Industries Corporation (NORINCO); Ukroboronprom; Roketsan Roket Sanayi ve Ticaret A.S.; Nammo AS; Vazovski Mashinostroitelni Zavodi EAD; TRAYAL Corporation; Research and Production Association Splav; ARMACO JSC; DUNARIT d.d.; Bulcomers KS; Armament Research & Development Establishment (ARDE) DRDO; Rostec; Iran Aircraft Manufacturing Industrial Company (HESA); Scientific Production Association NPO Mashinostroyeniya; Munitions India Limited; Balkan NovoTeh; Makine ve Kimya Endüstrisi Kurumu (MKE); Arsenal JSCo.; Research and Production Association Bazalt.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Thermobaric Munitions Market Characteristics

3. Thermobaric Munitions Market Trends And Strategies

4. Thermobaric Munitions Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Thermobaric Munitions Growth Analysis And Strategic Analysis Framework

5.1. Global Thermobaric Munitions PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Thermobaric Munitions Market Growth Rate Analysis

5.4. Global Thermobaric Munitions Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Thermobaric Munitions Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Thermobaric Munitions Total Addressable Market (TAM)

6. Thermobaric Munitions Market Segmentation

6.1. Global Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Rockets

Missiles

Aerial Bombs

Artillery Shells

Grenades

Other Munitions Types

6.2. Global Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Liquid Mixtures

Solid Mixtures

Advanced Composites

6.3. Global Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Man-Portable Weapons

Armored Vehicles

Howitzers

Mortar

Fixed-Wing Aircraft

Helicopters

Unmanned Aerial Vehicles (UAVs)

Naval Vessels

6.4. Global Thermobaric Munitions Market, Segmentation By Guidance System, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Unguided

Laser-Guided

Global Positioning System (GPS) Or Inertial Navigation System (INS)-Guided

Infrared (IR) Or Electro-Optical (EO) Or TV-Guided

Anti-Radiation (ARM)

Wire-Guided Or Semi-Automatic Command To Line Of Sight (SACLOS)

6.5. Global Thermobaric Munitions Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Army

Air Force

Navy

6.6. Global Thermobaric Munitions Market, Sub-Segmentation Of Rockets, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Shoulder-Launched Rockets

Man-Portable Rocket Systems

Multiple Launch Rocket Systems (MLRS)

Air-Launched Rockets; Anti-Tank Rockets

6.7. Global Thermobaric Munitions Market, Sub-Segmentation Of Missiles, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Surface-To-Surface Missiles (SSM)

Air-To-Ground Missiles (AGM)

Surface-To-Air Missiles (SAM)

Anti-Ship Missiles (AShM)

Tactical Ballistic Missiles

6.8. Global Thermobaric Munitions Market, Sub-Segmentation Of Aerial Bombs, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Free-Fall (Unguided) Bombs

Guided Bombs

Cluster Bombs

Penetrator Bombs

6.9. Global Thermobaric Munitions Market, Sub-Segmentation Of Artillery Shells, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Mortar Shells

Howitzer Shells

Tank Gun Shells

Self-Propelled Artillery Shells

6.10. Global Thermobaric Munitions Market, Sub-Segmentation Of Grenades, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hand Grenades

Rifle-Launched Grenades

Rocket-Propelled Grenades (RPGs)

Thermobaric Flash Or Blast Grenades

6.11. Global Thermobaric Munitions Market, Sub-Segmentation Of Other Munitions Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Warheads For Unmanned Aerial Vehicles (UAVs)

Thermobaric Mines

Demolition Charges

Thermobaric Ammunition For Small Arms

7. Thermobaric Munitions Market Regional And Country Analysis

7.1. Global Thermobaric Munitions Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Thermobaric Munitions Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Thermobaric Munitions Market

8.1. Asia-Pacific Thermobaric Munitions Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Thermobaric Munitions Market

9.1. China Thermobaric Munitions Market Overview

9.2. China Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Thermobaric Munitions Market

10.1. India Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Thermobaric Munitions Market

11.1. Japan Thermobaric Munitions Market Overview

11.2. Japan Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Thermobaric Munitions Market

12.1. Australia Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Thermobaric Munitions Market

13.1. Indonesia Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Thermobaric Munitions Market

14.1. South Korea Thermobaric Munitions Market Overview

14.2. South Korea Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Thermobaric Munitions Market

15.1. Western Europe Thermobaric Munitions Market Overview

15.2. Western Europe Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Thermobaric Munitions Market

16.1. UK Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Thermobaric Munitions Market

17.1. Germany Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Thermobaric Munitions Market

18.1. France Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Thermobaric Munitions Market

19.1. Italy Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Thermobaric Munitions Market

20.1. Spain Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Thermobaric Munitions Market

21.1. Eastern Europe Thermobaric Munitions Market Overview

21.2. Eastern Europe Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Thermobaric Munitions Market

22.1. Russia Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Thermobaric Munitions Market

23.1. North America Thermobaric Munitions Market Overview

23.2. North America Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Thermobaric Munitions Market

24.1. USA Thermobaric Munitions Market Overview

24.2. USA Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Thermobaric Munitions Market

25.1. Canada Thermobaric Munitions Market Overview

25.2. Canada Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Thermobaric Munitions Market

26.1. South America Thermobaric Munitions Market Overview

26.2. South America Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Thermobaric Munitions Market

27.1. Brazil Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Thermobaric Munitions Market

28.1. Middle East Thermobaric Munitions Market Overview

28.2. Middle East Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Thermobaric Munitions Market

29.1. Africa Thermobaric Munitions Market Overview

29.2. Africa Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Thermobaric Munitions Market Competitive Landscape And Company Profiles

30.1. Thermobaric Munitions Market Competitive Landscape

30.2. Thermobaric Munitions Market Company Profiles

30.2.1. Lockheed Martin Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.2. China North Industries Corporation (NORINCO) Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Ukroboronprom Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Roketsan Roket Sanayi ve Ticaret A.S. Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Nammo AS Overview, Products and Services, Strategy and Financial Analysis

31. Thermobaric Munitions Market Other Major And Innovative Companies

31.1. Vazovski Mashinostroitelni Zavodi EAD

31.2. TRAYAL Corporation

31.3. Research and Production Association "Splav"

31.4. ARMACO JSC

31.5. DUNARIT d.d.

31.6. Bulcomers KS

31.7. Armament Research & Development Establishment (ARDE) DRDO

31.8. Rostec

31.9. Iran Aircraft Manufacturing Industrial Company (HESA)

31.10. Scientific Production Association NPO Mashinostroyeniya

31.11. Munitions India Limited

31.12. Balkan NovoTeh

31.13. Makine ve Kimya Endüstrisi Kurumu (MKE)

31.14. Arsenal JSCo.

31.15. Research and Production Association Bazalt

32. Global Thermobaric Munitions Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Thermobaric Munitions Market

34. Recent Developments In The Thermobaric Munitions Market

35. Thermobaric Munitions Market High Potential Countries, Segments and Strategies

35.1 Thermobaric Munitions Market In 2029 - Countries Offering Most New Opportunities

35.2 Thermobaric Munitions Market In 2029 - Segments Offering Most New Opportunities

35.3 Thermobaric Munitions Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Thermobaric Munitions Market, Segmentation By Guidance System, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Thermobaric Munitions Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Thermobaric Munitions Market, Sub-Segmentation Of Rockets, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Thermobaric Munitions Market, Sub-Segmentation Of Missiles, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Thermobaric Munitions Market, Sub-Segmentation Of Aerial Bombs, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Thermobaric Munitions Market, Sub-Segmentation Of Artillery Shells, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Global Thermobaric Munitions Market, Sub-Segmentation Of Grenades, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Global Thermobaric Munitions Market, Sub-Segmentation Of Other Munitions Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Global Thermobaric Munitions Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: Global Thermobaric Munitions Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: Asia-Pacific, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: Asia-Pacific, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: Asia-Pacific, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: China, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: China, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: China, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: India, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: India, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: India, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Japan, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Japan, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Japan, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Australia, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Australia, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: Australia, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: Indonesia, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: Indonesia, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Indonesia, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: South Korea, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: South Korea, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: South Korea, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: Western Europe, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: Western Europe, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Western Europe, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: UK, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: UK, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: UK, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: Germany, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: Germany, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Germany, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: France, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: France, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: France, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Italy, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Italy, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Italy, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Spain, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Spain, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Spain, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Eastern Europe, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Eastern Europe, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: Eastern Europe, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: Russia, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: Russia, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: Russia, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: North America, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: North America, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: North America, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: USA, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: USA, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: USA, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: Canada, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: Canada, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Canada, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: South America, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: South America, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: South America, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Brazil, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Brazil, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Brazil, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Middle East, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Middle East, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: Middle East, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 79: Africa, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 80: Africa, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 81: Africa, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 82: Lockheed Martin Corporation Financial Performance

Table 83: China North Industries Corporation (NORINCO) Financial Performance

Table 84: Ukroboronprom Financial Performance

Table 85: Roketsan Roket Sanayi ve Ticaret A.S. Financial Performance

Table 86: Nammo AS Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Thermobaric Munitions Market, Segmentation By Guidance System, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Thermobaric Munitions Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Thermobaric Munitions Market, Sub-Segmentation Of Rockets, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Thermobaric Munitions Market, Sub-Segmentation Of Missiles, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Thermobaric Munitions Market, Sub-Segmentation Of Aerial Bombs, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Thermobaric Munitions Market, Sub-Segmentation Of Artillery Shells, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Global Thermobaric Munitions Market, Sub-Segmentation Of Grenades, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Global Thermobaric Munitions Market, Sub-Segmentation Of Other Munitions Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Global Thermobaric Munitions Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: Global Thermobaric Munitions Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: Asia-Pacific, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: Asia-Pacific, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: Asia-Pacific, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: China, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: China, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: China, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: India, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: India, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: India, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Japan, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Japan, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Japan, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Australia, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Australia, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: Australia, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: Indonesia, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: Indonesia, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Indonesia, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: South Korea, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: South Korea, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: South Korea, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: Western Europe, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: Western Europe, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Western Europe, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: UK, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: UK, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: UK, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: Germany, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: Germany, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Germany, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: France, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: France, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: France, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Italy, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Italy, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Italy, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Spain, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Spain, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Spain, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Eastern Europe, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Eastern Europe, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: Eastern Europe, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: Russia, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: Russia, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: Russia, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: North America, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: North America, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: North America, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: USA, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: USA, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: USA, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: Canada, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: Canada, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Canada, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: South America, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: South America, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: South America, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Brazil, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Brazil, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Brazil, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Middle East, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Middle East, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: Middle East, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 79: Africa, Thermobaric Munitions Market, Segmentation By Munitions Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 80: Africa, Thermobaric Munitions Market, Segmentation By Explosive Mix, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 81: Africa, Thermobaric Munitions Market, Segmentation By Platform, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 82: Lockheed Martin Corporation Financial Performance

Figure 83: China North Industries Corporation (NORINCO) Financial Performance

Figure 84: Ukroboronprom Financial Performance

Figure 85: Roketsan Roket Sanayi ve Ticaret A.S. Financial Performance

Figure 86: Nammo AS Financial Performance

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Frequently Asked Questions

What is the definition of the Thermobaric Munitions market?

How will the Thermobaric Munitions market drivers and restraints affect the market dynamics? What forces will shape the Thermobaric Munitions industry going forward?

The market major growth driver - Rise In Geopolitical Tensions Driving The Growth Of The Market Due To Escalating Global Conflicts And Heightened Military Readiness. For further insights on this market, request a sample here

What is the forecast market size or the forecast market value of the Thermobaric Munitions market?

The thermobaric munitions market size has grown strongly in recent years. It will grow from $1.84 billion in 2024 to $1.96 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to rising urban combat requirements, a growing need for bunker-busting capabilities, increasing lessons learned from asymmetric conflicts, expansion of special operations ordnance needs, and growing regional arms transfers driving legacy stockpile use. The thermobaric munitions market size is expected to see strong growth in the next few years. It will grow to $2.48 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing procurement for unmanned delivery integration, growing demand for low-collateral selectable-yield variants, rising investment in precision fuzing and guidance coupling, expansion of international defense industrial partnerships, and increasing modernization programs prioritizing multi-mission munitions. Major trends in the forecast period include miniaturization and precision-guided thermobaric warheads, integration with UAVs and loitering munitions, advancements in energetic materials and staged fuel-air formulations, modular and scalable warhead designs for mission tailoring, and increased R&D into reduced-collateral selectable-yield and smart fuzing systems. For further insights on this market, request a sample here

How is the Thermobaric Munitions market segmented?

The thermobaric munitions market covered in this report is segmented –
1) By Munitions Type: Rockets, Missiles, Aerial Bombs, Artillery Shells, Grenades, Other Munitions Types
2) By Explosive Mix: Liquid Mixtures, Solid Mixtures, Advanced Composites
3) By Platform: Man-Portable Weapons, Armored Vehicles, Howitzers, Mortar, Fixed-Wing Aircraft, Helicopters, Unmanned Aerial Vehicles (UAVs), Naval Vessels
4) By Guidance System: Unguided, Laser-Guided, Global Positioning System (GPS) Or Inertial Navigation System (INS)-Guided, Infrared (IR) Or Electro-Optical (EO) Or TV-Guided, Anti-Radiation (ARM), Wire-Guided Or Semi-Automatic Command To Line Of Sight (SACLOS)
5) By End-User: Army, Air Force, Navy Subsegment:
1) By Rockets: Shoulder-Launched Rockets, Man-Portable Rocket Systems, Multiple Launch Rocket Systems (MLRS), Air-Launched Rockets, Anti-Tank Rockets
2) By Missiles: Surface-to-Surface Missiles (SSM), Air-To-Ground Missiles (AGM), Surface-To-Air Missiles (SAM), Anti-Ship Missiles (AShM), Tactical Ballistic Missiles
3) By Aerial Bombs: Free-Fall (Unguided) Bombs, Guided Bombs, Cluster Bombs, Penetrator Bombs
4) By Artillery Shells: Mortar Shells, Howitzer Shells, Tank Gun Shells, Self-Propelled Artillery Shells
5) By Grenades: Hand Grenades, Rifle-Launched Grenades, Rocket-Propelled Grenades (RPGs), Thermobaric Flash Or Blast Grenades
6) By Other Munitions Types: Warheads For Unmanned Aerial Vehicles (UAVs), Thermobaric Mines, Demolition Charges, Thermobaric Ammunition For Small Arms For further insights on this market, request a sample here

Which region has the largest share of the Thermobaric Munitions market? What are the other regions covered in the report?

Who are the major players in the Thermobaric Munitions market?

Major companies operating in the thermobaric munitions market are Lockheed Martin Corporation; China North Industries Corporation (NORINCO); Ukroboronprom; Roketsan Roket Sanayi ve Ticaret A.Ş.; Nammo AS; Vazovski Mashinostroitelni Zavodi EAD; TRAYAL Corporation; Research and Production Association Splav; ARMACO JSC; DUNARIT d.d.; Bulcomers KS; Armament Research & Development Establishment (ARDE) DRDO; Rostec; Iran Aircraft Manufacturing Industrial Company (HESA); Scientific Production Association NPO Mashinostroyeniya; Munitions India Limited; Balkan NovoTeh; Makine ve Kimya Endüstrisi Kurumu (MKE); Arsenal JSCo.; Research and Production Association Bazalt. . For further insights on this market, request a sample here.

What are the key trends in the Thermobaric Munitions market?

Major trends in this market include Innovation In Lightweight Warhead Design Enhancing Aerial Deployment Efficiency. For further insights on this market, request a sample here.