Smart Weapons Market 2017-2027 By Size, Share, Trends, Growth, Forecast

Report Description

The global smart weapons market is anticipated to register an impressive CAGR in the forecast period, 2023-2027. The market is driven by the factors such as increased defense expenditure by the countries and growing procurement of advanced technologies and equipment by leading authorities of several countries to secure the country border. Changing warfare technologies are accelerating the demand for precision strike weapons. Also, the ongoing advancements in weapon technology and increased adoption of advanced technologies by the defense sector are expected to fuel the growth of the global smart weapons market in the forecast period.

Increased Defense Expenditure by Leading Authorities Drives the Market Growth

The defense sector is considered the most valuable asset for any country as the military enforces foreign and domestic policies to protect its citizens. The government must ensure national security, including the citizen security, the country’s institutions, and the economic status of the country. The defense sector needs a massive budget to provide sufficient ammunition, weapons, and other required equipment to the army personnel. The leading authorities of different countries are focusing on adopting advanced technologies to upgrade their existing weapon technology. There have been terrorist activities that often result in lives and the economy. Therefore, to enhance the safety of their countries, the concerned authorities are increasing their budget expenditure. World military spending is continuously increasing, reaching an all-time high value of $2.1 trillion in 2021. It was a 0.7 percent increase from the previous year. The top five highest countries that spend significant amounts on their defense sector were the United States, India, China, the United Kingdom, and Russia. Smart weapons come under novel technologies and require huge funds. The growing defense spending by the leading authorities is expected to fuel the global smart weapons market growth in the forecast period.

Growing Adoption of Advanced Technologies Supports the High Market Demand

The warfare techniques are rapidly changing and are transforming into their advanced versions. Both developing and developed countries focus on the research activities and invest significant amounts in developing advanced missile systems having a higher impact and longer range than the conventional missiles. Due to the huge number of ongoing technological advancements, the demand for precision attacks and operational attacks is expected to grow at a significant rate. There is a massive demand for weapons that can minimize the collateral damage and are able to respond efficiently, thereby providing their advantage in the war zone. The increased demand for advanced weapons is expected to bolster the sales of smart weapons across the globe.

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Market Segmentation

The global smart weapons market is segmented into weapon type, platform, technology, regional distribution, and competitive landscape. Based on weapon type, the market is divided into missiles, munitions, guided projectiles, guided rockets, guided firearms, and directed energy weapons. Based on the platform, the market is divided into air, land, and naval. Based on technology, the market is divided into laser, infrared, radar, GPS, and others. To analyze the market based on the region, the global smart weapons market is studied in major regions, namely North America, Asia-pacific, Europe & CIS, South America, Middle East and Africa. In terms of country, the United States is expected to be a lucrative market in the forecast period, 203-2027. The United States' funding for military research and development rose by 24 percent and focuses on next-generation technologies.

Market Players

BAE Systems Plc., L3Harris Technologies Inc., Thales Group, The Boeing Company, Northrop Grumman Corporation, Raytheon Technologies Corporation, Leonardo S.p.A., Lockheed Martin Corporation, General Dynamics Corporation, MBDA, are the major market players operating in the global smart weapons market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Weapon Type · Platform · Technology
Regional scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China, India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina; Saudi Arabia, Iran, Israel, UAE, Turkey
Key companies profiled	BAE Systems Plc., L3Harris Technologies Inc., Thales Group, The Boeing Company, Northrop Grumman Corporation, Raytheon Technologies Corporation, Leonardo S.p.A., Lockheed Martin Corporation, General Dynamics Corporation, MBDA
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global smart weapons market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Smart Weapons Market, By Weapon Type:

Missiles
Munitions
Guided Projectiles
Guided Rockets
Guided Firearms
Directed Energy Weapons

Smart Weapons Market, By Platform:

Air
Land
Naval

Smart Weapons Market, By Technology:

Laser
Infrared
Radar
GPS
Others

Smart Weapons Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
Thailand
Indonesia
Australia
South Korea

Europe & CIS

Germany
France
United Kingdom
Spain
Italy
Netherlands
Russia
Poland

South America

Brazil
Argentina

Middle East & Africa

Saudi Arabia
Iran
Israel
UAE
Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global smart weapons market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global smart weapons market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Smart Weapons Market

5. Global Smart Weapons Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Weapon Type (Missiles, Munitions, Guided Projectiles, Guided Rockets, Guided Firearms, Directed Energy Weapons)

5.2.2. By Platform (Air, Land, Naval)

5.2.3. By Technology (Laser, Infrared, Radar, GPS, Others)

5.2.4. By Region (North America; Europe & CIS; Asia Pacific; South America and Middle East & Africa)

5.2.5. By Company (2021)

5.3. Product Market Map (By Launch Mode, By Region)

6. North America Smart Weapons Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Weapon Type

6.2.2. By Platform

6.2.3. By Technology

6.2.4. By Country (United States; Canada; Mexico)

6.3. Product Market Map (By Launch Mode, By Country)

6.4. North America: Country Analysis

6.4.1. United States Smart Weapons Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value & Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Weapon Type

6.4.1.2.2. By Platform

6.4.1.2.3. By Technology

6.4.2. Canada Smart Weapons Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value & Volume

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Weapon Type

6.4.2.2.2. By Platform

6.4.2.2.3. By Technology

6.4.3. Mexico Smart Weapons Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value & Volume

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Weapon Type

6.4.3.2.2. By Platform

6.4.3.2.3. By Technology

7. Asia Pacific Smart Weapons Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Weapon Type

7.2.2. By Platform

7.2.3. By Technology

7.2.4. By Country (China, India, Japan, Thailand, Indonesia, Australia, South Korea)

7.2.5. Product Market Map (By Launch Mode, By Country)

7.3. Asia Pacific: Country Analysis

7.3.1. China Smart Weapons Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Weapon Type

7.3.1.2.2. By Platform

7.3.1.2.3. By Technology

7.3.2. India Smart Weapons Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Weapon Type

7.3.2.2.2. By Platform

7.3.2.2.3. By Technology

7.3.3. Japan Smart Weapons Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Weapon Type

7.3.3.2.2. By Platform

7.3.3.2.3. By Technology

7.3.4. Thailand Smart Weapons Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Weapon Type

7.3.4.2.2. By Platform

7.3.4.2.3. By Technology

7.3.5. Indonesia Smart Weapons Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value & Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Weapon Type

7.3.5.2.2. By Platform

7.3.5.2.3. By Technology

7.3.6. Australia Smart Weapons Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value & Volume

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Weapon Type

7.3.6.2.2. By Platform

7.3.6.2.3. By Technology

7.3.7. South Korea Smart Weapons Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value & Volume

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Weapon Type

7.3.7.2.2. By Platform

7.3.7.2.3. By Technology

8. Europe & CIS Smart Weapons Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Weapon Type

8.2.2. By Platform

8.2.3. By Technology

8.2.4. By Country (Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland)

8.3. Product Market Map (By Launch Mode, By Country)

8.4. Europe & CIS: Country Analysis

8.4.1. Germany Smart Weapons Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Weapon Type

8.4.1.2.2. By Platform

8.4.1.2.3. By Technology

8.4.2. France Smart Weapons Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Weapon Type

8.4.2.2.2. By Platform

8.4.2.2.3. By Technology

8.4.3. United Kingdom Smart Weapons Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Weapon Type

8.4.3.2.2. By Platform

8.4.3.2.3. By Technology

8.4.4. Spain Smart Weapons Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value & Volume

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Weapon Type

8.4.4.2.2. By Platform

8.4.4.2.3. By Technology

8.4.5. Italy Smart Weapons Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value & Volume

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Weapon Type

8.4.5.2.2. By Platform

8.4.5.2.3. By Technology

8.4.6. Netherlands Smart Weapons Market Outlook

8.4.6.1. Market Size & Forecast

8.4.6.1.1. By Value & Volume

8.4.6.2. Market Share & Forecast

8.4.6.2.1. By Weapon Type

8.4.6.2.2. By Platform

8.4.6.2.3. By Technology

8.4.7. Russia Smart Weapons Market Outlook

8.4.7.1. Market Size & Forecast

8.4.7.1.1. By Value & Volume

8.4.7.2. Market Share & Forecast

8.4.7.2.1. By Weapon Type

8.4.7.2.2. By Platform

8.4.7.2.3. By Technology

8.4.8. Poland Smart Weapons Market Outlook

8.4.8.1. Market Size & Forecast

8.4.8.1.1. By Value & Volume

8.4.8.2. Market Share & Forecast

8.4.8.2.1. By Weapon Type

8.4.8.2.2. By Platform

8.4.8.2.3. By Technology

9. South America Smart Weapons Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Weapon Type

9.2.2. By Platform

9.2.3. By Technology

9.2.4. By Country (Brazil, Argentina)

9.3. Product Market Map (By Launch Mode, By Country)

9.4. South America: Country Analysis

9.4.1. Brazil Smart Weapons Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Weapon Type

9.4.1.2.2. By Platform

9.4.1.2.3. By Technology

9.4.2. Argentina Smart Weapons Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value & Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Weapon Type

9.4.2.2.2. By Platform

9.4.2.2.3. By Technology

10. Middle East and Africa Smart Weapons Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Weapon Type

10.2.2. By Platform

10.2.3. By Technology

10.2.4. By Country (Saudi Arabia, Iran, Israel, UAE, Turkey)

10.3. Product Market Map (By Launch Mode, By Country)

10.4. Middle East and Africa: Country Analysis

10.4.1. Iran Smart Weapons Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value & Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Weapon Type

10.4.1.2.2. By Platform

10.4.1.2.3. By Technology

10.4.2. Saudi Arabia Smart Weapons Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value & Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Weapon Type

10.4.2.2.2. By Platform

10.4.2.2.3. By Technology

10.4.3. UAE Smart Weapons Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value & Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Weapon Type

10.4.3.2.2. By Platform

10.4.3.2.3. By Technology

10.4.4. Israel Smart Weapons Market Outlook

10.4.4.1. Market Size & Forecast

10.4.4.1.1. By Value & Volume

10.4.4.2. Market Share & Forecast

10.4.4.2.1. By Weapon Type

10.4.4.2.2. By Platform

10.4.4.2.3. By Technology

10.4.5. Turkey Smart Weapons Market Outlook

10.4.5.1. Market Size & Forecast

10.4.5.1.1. By Value & Volume

10.4.5.2. Market Share & Forecast

10.4.5.2.1. By Weapon Type

10.4.5.2.2. By Platform

10.4.5.2.3. By Technology

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends and Developments

13. Competitive Landscape

13.1. Company Profiles (Partial List of Leading Companies)

13.1.1. BAE Systems Plc.

13.1.2. L3Harris Technologies Inc.

13.1.3. Thales Group

13.1.4. The Boeing Company

13.1.5. Northrop Grumman Corporation

13.1.6. Raytheon Technologies Corporation

13.1.7. Leonardo S.p.A.

13.1.8. Lockheed Martin Corporation

13.1.9. General Dynamics Corporation

13.1.10. MBDA

14. Strategic Recommendations

Figures and Tables

Frequently asked questions

Who are market players operating in the global smart weapons market?

BAE Systems Plc., L3Harris Technologies Inc., Thales Group, The Boeing Company, Northrop Grumman Corporation, Raytheon Technologies Corporation, Leonardo S.p.A., Lockheed Martin Corporation, General Dynamics Corporation, and MBDA are the major players operating in the global smart weapons market.

What are the key driving factors for the global smart weapons market?

Increased defense expenditure by the countries and growing procurement of advanced technologies and equipment by leading authorities of several countries are driving the demand for the global smart weapons market.

What are the challenges faced by the global smart weapons market?

The imposition of strict arm regulations on the import and export of smart weapons may hinder the market growth in the forecast period.

What weapon type is expected to dominate the global smart weapons market in the forecast period?

Based on weapon type, the market is divided into missiles, munitions, guided projectiles, guided rockets, guided firearms, and directed energy weapons. Missiles are dominating the market and are expected to maintain their dominance over the next five years.

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