According to Stratistics MRC, the Global Smart Weapons Market is expected to grow from $12.12 billion in 2016 to reach $19.71 billion by 2023 with a CAGR of 7.1%. Increasing number of innovations and replacement programs, growing demand for precision weapons and decreasing burden on logistics are some factors favoring the market. However, arms transfer regulations and decreasing defense budgets of developed economies are some restraints hampering the market growth. On the other hand, increasing demand in emerging nations, regularity of weapons and threat from terrorism are the significant opportunities for the market size over the forecast period.
By platform, land segment dominates the global market due to growing need for anti tank missile systems by U.S. government. North America is expected to witness significant growth rate due to growing demand for counter terrorist activities and military equipment modernization.
Some of the key players in this market include Thales Group, Raytheon Company, Lockheed, Martin Corporation, SAAB Group, Northrop Grumman Corporation, Textron Inc., L-3 Communications Holdings, Inc., General Dynamics Corporation, Rheinmetall Ag, BAE Systems, PLC, MBDA, Inc., Orbital ATK and The Boeing Company.
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Global Positioning System (GPS)
Smart Guns Weapons
Small Smart Weapons
Anti-Tank & Tactical
Air-To-Air & Air-To-Surface
Guided Artillery Shells
Guided Mortar Rounds
Anti-Ship & Anti-Submarine Missiles
Air-To-Air & Air-To-Surface Missiles
Rest of Europe
Rest of Asia Pacific
Rest of the World
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments.
List Of Tables:
1 Global Smart Weapons Market Outlook, By Region
2 Global Smart Weapons Market Outlook, By Platform
3 Global Smart Weapons Market Outlook, By Airborne
4 Global Smart Weapons Market Outlook, By Land-Based
5 Global Smart Weapons Market Outlook, By Naval
6 Global Smart Weapons Market Outlook, By Technology
7 Global Smart Weapons Market Outlook, By Lasers
8 Global Smart Weapons Market Outlook, By Radar
9 Global Smart Weapons Market Outlook, By Passive Homing
10 Global Smart Weapons Market Outlook, By Active Homing
11 Global Smart Weapons Market Outlook, By Global Positioning System (GPS)
12 Global Smart Weapons Market Outlook, By Infrared
13 Global Smart Weapons Market Outlook, By IR Homing
14 Global Smart Weapons Market Outlook, By IIR Homing
15 Global Smart Weapons Market Outlook, By Other Technologies
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