Smart Weapons Market - Global Industry Analysis

Smart Weapons Market By Product (Missiles, Munitions, Guided Projectiles, Guided Rockets and Precision Guided Firearms), By Platform (Air, Land and Naval), By Technology (Laser, Radar, GPS, Infrared, Wire Guided, Satellite, Optical and Micro Computing), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 06-Oct-2021 Category: Defense & Security Report Format : PDF Pages: 170 Report Code: ZMR-1072 Status : Published

The global smart weapons market accounted for USD 14,253.4 Million in 2020 and is expected to reach USD 22,641.4 Million by 2028, growing at a CAGR of 6.2% from 2021 to 2028.

Description

Smart Weapons Market Size And Industry Analysis

The global smart weapons market accounted for USD 14,253.4 Million in 2020 and is expected to reach USD 22,641.4 Million by 2028, growing at a CAGR of 6.2% from 2021 to 2028.

Smart weapons can be simply described as weapons that are guided by navigation systems to ensure their reach towards their target, with a high precision rate. They are equipped with technologies such as Machine Learning (ML) and Artificial Intelligence (AI). These technologies help them guide through light, sound, or electromagnetic waves, to reach their target with exceptional fidelity. Their navigation systems rely on Lasers, Radars, Satellites, and Infrared waves, among others. They include large and small weapons such as Missiles, Rockets, Firearms, and others. 

The need to minimize financial damages will augment the growth of the smart weapons market, during the forecast period. Furthermore, the rising focus on ensuring public safety will bolster the growth of Precision Guided Firearms, in the smart weapons market.

Global Smart Weapons Market Size

COVID-19 Impact Analysis

Before the COVID-19 pandemic, companies in the smart weapons market were expanding at a steady pace. However, during the pandemic, the players in the market took a sharp hit. This can be accredited to the worldwide lockdown, business shutdowns, and widespread infection rate of the virus.

Due to the lockdown, manufacturing facilities across various countries were shut down which affected the manufacturing and thereby, sales of smart weapons. The efforts of the companies to widen their reach and sales had come to a halt as they saw a sudden disruption in their supply chain as well as demand.

Furthermore, due to the widespread infection rate of the virus, the morbidity and mortality rates had risen. Due to this, governments of several countries were focusing their budgets on healthcare expenditure. This reduced their military and defense expenditure, causing a decline in the market for Smart Weapons.

Smart Weapons Market: Growth Factors

Technological advancements, growth of the defense industry, enhanced military expenditure, and the rising necessity for remotely-operated weapons are some of the major factors that drive the Smart Weapons market.

To put a halt to terrorist undertakings, all over the world, countries are making huge investments in their military sectors. This leads to the growth and development of their defense segments. Due to this, there has been a rise in their research and development activities. This promotes the modification of existing technologies by innovations and the invention of novel solutions, based on technological advancements.  This, in turn, drives the market for Smart Weapons.

Furthermore, military units require weapons that can be operated remotely, for several reasons. This further advances the market for Smart Weapons. Additionally, countries rely on smart weapons to bolster their military units as political instability and border unrest can lead to severe repercussions and strong military units help withstand such issues.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Product Segment Analysis Preview

The Missiles segment held a share of over 36% in 2020, becoming the most dominant segment, globally and it is expected to maintain its dominance, during the forecast period. This dominance can be credited to their diversity.

Due to advanced military sectors, Missiles against Tanks, Ships, and Submarines have been developed. Additionally, Missiles that can be launched from the air, having a target in the air as well as on land, have been established too. This wide diversity of Missiles promotes’ their use in a multitude of defense operations.

Subsequently, the Precision Guided Firearms segment holds a significant share in the Smart Weapons Market. This can be accredited to their increasing demand. Firearms that can be unlocked by biometric signatures, and weapons that are easy to carry and have an enhanced operational efficiency are some of the features of Precision Guided Firearms that enhance their demand in the Smart Weapons market.

Global Smart Weapons Market Share

Technology Segment Analysis Preview

The Laser segment is anticipated to reach a significant CAGR between 2021 and 2028. This is attributable to the immense demand and usage of Laser Guided Weapons, for a multitude of purposes, in the Smart Weapons industry. 

This immense demand can be attributed to their features that include high fidelity and exceptional efficiency. Due to technological advancements, Laser Guided Weapons are being modified to operate with increased and exceptional efficiency while maintaining their precision. Owing to this, the Laser segment dominates the market for Smart Weapons.

Subsequently, the Satellite segment held a notable share of the Smart Weapons market in 2020. This is attributable to the widespread use of Satellite Guided Smart Weapons. As these weapons have a guidance system that is reliable on Satellites, they can operate effectively even under harsh environmental conditions. This drives the market for smart weapons in the Satellite segment.

Smart Weapons Market: Regional Analysis Preview

The North American region accounted for a share of over 34.2% in 2020. This is attributable to various factors such as technological advancements, rising investments in the defense and military segments, increasing need to curb terrorist undertakings, and enhanced research and development ventures, in the region.

The North American region is undergoing economic growth and development. Due to this, the region is undergoing massive technological advancements. These advancements promote discoveries and innovations in the production of smart weapons. This enhances the market for Smart Weapons in the region. Additionally, the region is investing a tremendous amount towards its defense and military segments. This widens the scope of their research and development ventures. This leads to the development of novel and better technologies for Smart Weapons.

Furthermore, the need to curb terrorist undertakings in the region has been on the rise, over the past few years. This further enhances the market for smart weapons, in the region.

Global Smart Weapons Market Regional Analysis

The Asia Pacific region is expected to reach a CAGR of over 9.1% between 2021 and 2028. This is attributable to various factors such as rapid modernization, the presence of a large number of developing economies, enhanced defense expenditure, and the rising need to bolster the military division, in the region. 

The Asia Pacific region has been undergoing a rapid modernization phase. This promotes the growth of Smart Weapons in the region. This can be attributed to the dynamic shift from traditional and conventional weapons to modern and technology-reliant Smart Weapons. Additionally, the presence of a large number of developing economies in the region fosters economic development. This has enhanced the budget and expenditure for the defense segment. This, in turn, drives the market for Smart Weapons in the region.

Furthermore, the region has been taking several measures to bolster its military division, in order to curb terrorist activities. This further drives the market for Smart Weapons, in the region.

Smart Weapons Market: Key Players & Competitive Landscape

Some of the key players in the Smart Weapons market are Raytheon Technologies, Northrop Grumman Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Israel Aerospace Industries, BAE Systems, The Boeing Co., MBDA Inc., Textron Inc., and L3Harris Technologies among others.

The global smart weapons market is segmented as follows:

By Product

  • Missiles
    • Anti-Tank and Standoff Missiles
    • Air-to-Air and Air-to-Surface Missiles
    • Anti-Ship and Anti-Submarine Missiles
  • Munitions
    • Guided Bombs
    • Target Pods
  • Guided Projectiles
    • Artillery Shells
    • Mortar Rounds
  • Guided Rockets
    • Anti-Tank and Tactical Rockets
    • Air-to-Air and Air-to-Surface Rockets
    • Anti-Submarine Rockets
  • Precision Guided Firearms
    • Small Smart Weapons
    • Shoulder Fired Weapons
    • Smart Guns

By Platform

  • Air
  • Land
  • Naval

By Technology

  • Laser
  • Radar
    • Active Homing
    • Passive Homing
  • GPS
  • Infrared
    • IIR (Imaging Infrared) Homing
    • IR (Infrared) Homing
  • Wire Guided
  • Satellite
  • Optical
  • Micro Computing

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of The Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Platform
        • 2.1.1.3. Market Attractiveness Analysis, By Technulogy
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Smart Weapons Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast By Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Smart Weapons Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Missiles
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Munitions
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Guided Projectiles
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Guided Rockets
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Precision Guided Firearms
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Smart Weapons Market – Platform Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Platform, 2020 & 2028
    • 5.2. Air
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Land
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Naval
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Smart Weapons Market – Technulogy Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
    • 6.2. Laser
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Radar
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. GPS
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Infrared
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Wire Guided
      • 6.6.1. Market Size and Forecast, By Region (USD Million)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.7. Satellite
      • 6.7.1. Market Size and Forecast, By Region (USD Million)
      • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.8. Optical
      • 6.8.1. Market Size and Forecast, By Region (USD Million)
      • 6.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.9. Micro Computing
      • 6.9.1. Market Size and Forecast, By Region (USD Million)
      • 6.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.9.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Smart Weapons Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Platform, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Technulogy, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Platform, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Technulogy, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Platform, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Technulogy, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Platform, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Technulogy, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Platform, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Technulogy, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Platform, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Technulogy, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Product, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Platform, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Technulogy, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Platform, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Technulogy, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Platform, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Technulogy, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Platform, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Technulogy, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Platform, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Technulogy, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Platform, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Platform, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Technulogy, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Platform, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Technulogy, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Platform, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Technulogy, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Platform, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Technulogy, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Platform, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Technulogy, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Platform, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Platform, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Technulogy, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Platform, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Technulogy, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Platform, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Technulogy, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Platform, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Technulogy, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Platform, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Technulogy, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Platform, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Technulogy, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Platform, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Technulogy, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Platform, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Technulogy, 2016 – 2028
  • Chapter No. 8 Smart Weapons Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2020
      • 9.1.1. Global Smart Weapons Market: Company Market Share, 2020
      • 9.1.2. Global Smart Weapons Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Smart Weapons Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Smart Weapons Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Raytheon Technulogies
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Northrop Grumman Corporation
    • 10.3. Lockheed Martin Corporation
    • 10.4. General Dynamics Corporation
    • 10.5. Israel Aerospace Industries
    • 10.6. BAE Systems
    • 10.7. The Boeing Co.
    • 10.8. MBDA Inc.
    • 10.9. Textron Inc.
    • 10.10. L3Harris Technulogies
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Table Of Figures

List of Figures

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Platform
FIG NO. 3. Market Attractiveness Analysis, By Technology
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Smart Weapons Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Product, 2020 & 2028
FIG NO. 8. Global Smart Weapons Market for Missiles, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Smart Weapons Market for Missiles, By Country, 2020 & 2028
FIG NO. 10. Global Smart Weapons Market for Munitions, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Smart Weapons Market for Munitions, By Country, 2020 & 2028
FIG NO. 12. Global Smart Weapons Market for Guided Projectiles, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Smart Weapons Market for Guided Projectiles, By Country, 2020 & 2028
FIG NO. 14. Global Smart Weapons Market for Guided Rockets, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Smart Weapons Market for Guided Rockets, By Country, 2020 & 2028
FIG NO. 16. Global Smart Weapons Market for Precision Guided Firearms, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Smart Weapons Market for Precision Guided Firearms, By Country, 2020 & 2028
FIG NO. 18. Market Revenue Share, By Platform, 2020 & 2028
FIG NO. 19. Global Smart Weapons Market for Air, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Smart Weapons Market for Air, By Country, 2020 & 2028
FIG NO. 21. Global Smart Weapons Market for Land, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Smart Weapons Market for Land, By Country, 2020 & 2028
FIG NO. 23. Global Smart Weapons Market for Naval, Revenue (USD Million) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Smart Weapons Market for Naval, By Country, 2020 & 2028
FIG NO. 25. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 26. Global Smart Weapons Market for Laser, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Smart Weapons Market for Laser, By Country, 2020 & 2028
FIG NO. 28. Global Smart Weapons Market for Radar, Revenue (USD Million) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Smart Weapons Market for Radar, By Country, 2020 & 2028
FIG NO. 30. Global Smart Weapons Market for GPS, Revenue (USD Million) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Smart Weapons Market for GPS, By Country, 2020 & 2028
FIG NO. 32. Global Smart Weapons Market for Infrared, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Smart Weapons Market for Infrared, By Country, 2020 & 2028
FIG NO. 34. Global Smart Weapons Market for Wire Guided, Revenue (USD Million) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Smart Weapons Market for Wire Guided, By Country, 2020 & 2028
FIG NO. 36. Global Smart Weapons Market for Satellite, Revenue (USD Million) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of Smart Weapons Market for Satellite, By Country, 2020 & 2028
FIG NO. 38. Global Smart Weapons Market for Optical, Revenue (USD Million) 2016 – 2028
FIG NO. 39. Comparative Revenue Analysis of Smart Weapons Market for Optical, By Country, 2020 & 2028
FIG NO. 40. Global Smart Weapons Market for Micro Computing, Revenue (USD Million) 2016 – 2028
FIG NO. 41. Comparative Revenue Analysis of Smart Weapons Market for Micro Computing, By Country, 2020 & 2028
FIG NO. 42. Global Smart Weapons Market Revenue Share, By Region, 2020 & 2028
FIG NO. 43. North America Smart Weapons Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 44. Porter’s Five Forces Analysis for Global Smart Weapons Market
FIG NO. 45. PEST Analysis for Global Smart Weapons Market
FIG NO. 46. Pricing Analysis for Global Smart Weapons Market
FIG NO. 47. Value Chain Analysis for Global Smart Weapons Market
FIG NO. 48. Company Share Analysis, 2020
FIG NO. 49. Radar Determinant Chart, 2019
FIG NO. 50. Company Strategic Developments – Heat Map Analysis
FIG NO. 51. Raytheon Technologies Business Segment Revenue Share, 2020 (%)
FIG NO. 52. Raytheon Technologies Geographical Segment Revenue Share, 2020 (%)
FIG NO. 53. Market Channels
FIG NO. 54. Marketing Channel Development Trend
FIG NO. 55. Growth in World Gross Product, 2008-2018
FIG NO. 56. Research Methodology – Detailed View
FIG NO. 57. Research Methodology


Table Of Tables

List of Tables 

TABLE NO. 1. Global Smart Weapons Market: Snapshot
TABLE NO. 2. Quarterly Smart Weapons Market Revenue By Region, 2020
TABLE NO. 3. Quarterly Smart Weapons Market Revenue Forecast By Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Smart Weapons Market for Missiles, By Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Smart Weapons Market for Munitions, By Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Smart Weapons Market for Guided Projectiles, By Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Smart Weapons Market for Guided Rockets, By Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Smart Weapons Market for Precision Guided Firearms, By Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Smart Weapons Market for Air, By Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Smart Weapons Market for Land, By Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Smart Weapons Market for Naval, By Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Smart Weapons Market for Laser, By Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Smart Weapons Market for Radar, By Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Smart Weapons Market for GPS, By Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Smart Weapons Market for Infrared, By Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Smart Weapons Market for Wire Guided, By Region, 2016 – 2028 (USD Million)
TABLE NO. 19. Global Smart Weapons Market for Satellite, By Region, 2016 – 2028 (USD Million)
TABLE NO. 20. Global Smart Weapons Market for Optical, By Region, 2016 – 2028 (USD Million)
TABLE NO. 21. Global Smart Weapons Market for Micro Computing, By Region, 2016 – 2028 (USD Million)
TABLE NO. 22. Global Smart Weapons Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 23. North America Smart Weapons Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 24. North America Smart Weapons Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 25. North America Smart Weapons Market Revenue, By Platform, 2016 – 2028 (USD Million)
TABLE NO. 26. North America Smart Weapons Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 27. U.S. Smart Weapons Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 28. U.S. Smart Weapons Market Revenue, By Platform, 2016 – 2028 (USD Million)
TABLE NO. 29. U.S. Smart Weapons Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 30. Canada Smart Weapons Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 31. Canada Smart Weapons Market Revenue, By Platform, 2016 – 2028 (USD Million)
TABLE NO. 32. Canada Smart Weapons Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 33. Mexico Smart Weapons Market Revenue, By Product, 2016 – 2028 (USD Million)
TABLE NO. 34. Mexico Smart Weapons Market Revenue, By Platform, 2016 – 2028 (USD Million)
TABLE NO. 35. Mexico Smart Weapons Market Revenue, By Technology, 2016 – 2028 (USD Million)
TABLE NO. 36. Drivers for the Smart Weapons Market: Impact Analysis
TABLE NO. 37. Restraints for the Smart Weapons Market: Impact Analysis
TABLE NO. 38. Major Buyers of Smart Weapons
TABLE NO. 39. Distributors/Traders List of Smart Weapons
TABLE NO. 40. Global Smart Weapons Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 41. Global Smart Weapons Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 

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FrequentlyAsked Questions

The global Smart Weapons Market was valued at USD 14,253.4 Million in 2020.

The global smart weapons market is expected to reach USD 22,641.4 Million by 2028, growing at a CAGR of 6.2% between 2021 to 2028.

Some of the key factors driving the global smart weapons market growth are technological advancements, growth of the defense industry, enhanced military expenditure and rising necessity for remotely-operated weapons.

North America region held a substantial share of the smart weapons market in 2020. This share can be credited to rising investments in the defense and military segments, increasing need to curb terrorist undertakings and enhanced research and development ventures, in the region.

 

Some of the major companies operating in the smart weapons market are Raytheon Technologies, Northrop Grumman Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Israel Aerospace Industries, BAE Systems, The Boeing Co., MBDA Inc., Textron Inc. and L3Harris Technologies among others.

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