The Business Research Company’s report on the Smart Weapons Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the smart weapons market’s growth in recent years?
The increasing global and regional instability is driving the growth of the smart weapons market. Transnational and regional instability refers to the political instability in neighboring countries. Many countries have adopted smart weapons to protect themselves from rising regional instability and to protect themselves from threats by neighboring countries. For instance, in May 2023, according to a report published by Stockholm International Peace Research Institute, a Sweden-based nonprofit organization supporting the use of digital technology in the academic community, 64 multinational peace operations were carried out in 38 nations and territories worldwide in 2022. This was more procedures performed than in any year over the previous ten years combined. As of the end of 2022, there were 114 984 international personnel serving in multilateral peace operations across the globe, up 2.79 percent from the previous year. Therefore, the increasing transnational and regional instability drives the smart weapons market.
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How does the future projection of the smart weapons market size compare to its historical growth?
The smart water management market size has grown rapidly in recent years. It will grow from $17.36 billion in 2024 to $20.02 billion in 2025 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to export and international sales, growing demand for precision-guided munitions (PGMs), growing demand for multi-role weapons, focus on electronic warfare and countermeasures, demand for interoperable weapons systems.
The smart water management market size is expected to see rapid growth in the next few years. It will grow to $35.82 billion in 2029 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to counter-terrorism efforts, budget allocations for defense, cybersecurity integration, modernization of armed forces, rising demand for precision strike weapons. Major trends in the forecast period include artificial intelligence (AI) and machine learning (ml), miniaturization and increased autonomy, directed energy weapons (dew), counter-drone and counter-missile systems, human-machine teaming and decision support.
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Which key players are shaping the future of the smart weapons market?
Major companies operating in the smart weapons market include Lockheed Martin Corporation, MBDA Incorporated, Orbital ATK Inc., General Dynamics Corporation, BAE Systems plc., The Boeing Company, Textron Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Thales Group, Israel Aerospace Industries Ltd., Denel SOC Ltd., Rafael Advanced Defense Systems Ltd., L3Harris Technologies Inc., Alliant Techsystems Inc., Leonardo-Finmeccanica, Saab AB, Aselsan A.S., Diehl Stiftung & Co. KG, OTO Melara S.P.A, United Technologies Corporation., China Aerospace Science and Industry Corporation Limited., The ExOne Company, Höganäs AB, MTU Aero Engines AG
What trends will propel the growth and evolution of the smart weapons market?
Major companies operating in the smart weapons market are focusing on developing innovative technologies, such as EDGE smart weapons, to enhance precision, reduce collateral damage, and improve battlefield effectiveness. EDGE Smart Weapons refer to advanced precision-guided munitions that utilize cutting-edge technologies such as artificial intelligence, machine learning, and advanced sensors to enhance targeting accuracy and operational efficiency. For instance, in November 2023, General Atomics Aeronautical Systems, Inc., a US-based aerospace company, MQ-9B SkyGuardian RPA. The MQ-9B SkyGuardian offers extended endurance of over 40 hours, advanced surveillance capabilities with high-resolution sensors, and the ability to operate safely in civil airspace alongside commercial aircraft. Its modular design allows for customizable payload integration, making it versatile for various military and humanitarian missions. Increasing strategic partnerships and collaborations is a key trend gaining popularity in the smart weapons market. For instance, in February 2021, German automotive and arms manufacturer Rheinmetall Denel Munition and American aerospace and defense technology company Northrop Grumman signed a ten-year deal to develop ammunition technologies for future artillery operations. By equipping 155mm artillery rounds with an integrated M1156 precision guidance kit, the agreement focuses on precision-guided enhanced range artillery ammunition solutions (PGK).
Which regions are expected to become dominant players in the smart weapons market?
North America was the largest region in the smart weapons market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the smart weapons market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the smart weapons market, and how are they evolving?
The smart weapons market covered in this report is segmented –
1) By Type: Air-to-ground Missiles, Surface-to-air Missiles, Smart Bombs, Sensor Fused Weapons, Directed Energy Weapons, Precision Artillery Munitions, Electromagnetic Pulse Weapons, Smart Bullets, Other Smart Weapons
2) By Platform: Air, Naval, Land
3) By Technology: Laser Guidance, Infrared Guidance, Radar Guidance, Satellite Guidance
Subsegments:
1) By Air-to-Ground Missiles: Guided Missiles, Tactical Missiles, Stand-off Missiles
2) By Surface-to-Air Missiles: Short-Range Surface-to-Air Missiles, Medium-Range Surface-to-Air Missiles, Long-Range Surface-to-Air Missiles
3) By Smart Bombs: Laser-Guided Bombs, GPS-Guided Bombs, Inertial Guidance Bombs
4) By Sensor-Fused Weapons: Multi-Sensor Guided Munitions, Advanced Targeting Systems
5) By Directed Energy Weapons: Laser Weapons, High-Powered Microwave Weapons, Particle Beam Weapons
6) By Precision Artillery Munitions: Precision-Guided Projectiles, Smart Shells, Mortars with Guidance Systems
7) By Electromagnetic Pulse Weapons: High-Power Microwave Weapons, Nuclear and Non-Nuclear EMP Weapons
8) By Smart Bullets: Guided Projectiles, Smart Ammunition with Targeting Systems
9) By Other Smart Weapons: Autonomous Weapon Systems, Swarm Drones and Unmanned Aerial Vehicles, Advanced Non-Lethal Weapons
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How is the smart weapons market defined?
A smart weapons refers to computer-guided weapons embedded with sensors and guided systems. These precision-guided weapons can hit targets with high accuracy and precision and are operated remotely, assisted by the use of external operating systems.
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