DUBLIN--(BUSINESS WIRE)--The "Smart Weapons Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global smart weapons market.
This report focuses on smart weapons market which is experiencing strong growth. The report gives a guide to the smart weapons market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
The global smart weapons market is expected to grow from $12.56 billion in 2021 to $13.21 billion in 2022 at a compound annual growth rate (CAGR) of 5.14%.
The growth is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.80 billion in 2026 at a CAGR of 6.20%.
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Companies Mentioned
- Airbus Group
- Alliant Techsystems Inc.
- Aselsan A.S.
- BAE Systems
- China Aerospace Science & Industry Corp
- Denel Dynamics
- Diehl Stiftung & Co. KG
- General Dynamics
- General Dynamics Corporation
- IAI
- Israel Aerospace Industries
- L-3 Fuzing And Ordnance Systems Inc.
- L3Harris Technologies Inc.
- Leonardo-Finmeccanica
- Lockheed Martin
- MBDA
- MBDA Inc.
- Northrop Grumman
- Orbital ATK
- OTO Melara S.P.A
- Rafael Advanced Defense Systems Ltd.
- Raytheon Company
- Rheinmetall AG
- Saab AB
- Textron Inc.
- Thales Group
- The Boeing Co.
- United Technologies Corporation
The smart weapon market consists of sales of smart weapons by entities (organizations, sole traders, and partnerships) that are 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.
The main types of smart weapons include air-to-ground missiles, surface-to-air missiles, smart bombs, sensor-fused weapons, directed energy weapons, precision artillery munitions, electromagnetic pulse weapons, smart bullets, and other smart weapons. Air-to-ground missiles refer to missiles fired from military aircraft to hit ground targets on land, at sea, or both. The different smart weapon technologies include laser guidance, infrared guidance, radar guidance, and satellite guidance used on platforms including air, naval, and land.
North America was the largest region in the smart weapons market in 2021 and is also expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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 neighbouring countries. Many countries have adopted smart weapons to protect themselves from rising regional instability and to protect themselves from threats by neighbouring countries. For instance, according to the Global Peace Index from the Institute for Economics & Peace (IEP), in 2020, political instability increased, with twice as many countries deteriorating as improving. The economic impact of violence increased in 2020 to $14.96 trillion due to an increase in global military expenditure, which rose by 3.7% over the previous year. Therefore, the increasing transnational and regional instability drives the smart weapons market.
Key Topics Covered:
1. Executive Summary
2. Smart Weapons Market Characteristics
3. Smart Weapons Market Trends And Strategies
4. Impact Of COVID-19 On Smart Weapons
5. Smart Weapons Market Size And Growth
5.1. Global Smart Weapons Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Smart Weapons Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Smart Weapons Market Segmentation
6.1. Global Smart Weapons Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Smart Weapons Market, Segmentation By Platform, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Smart Weapons Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Smart Weapons Market Regional And Country Analysis
7.1. Global Smart Weapons Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Smart Weapons Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/n19fw7
