Smart Weapons Market Share, Size 2021 Movements by Key Findings, Market Impact, Status, Revenue Expectation to 2030

In a recent published report, Kenneth Research has updated the market report for Smart Weapons Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.

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Global Smart Weapons Market is forecasted to reach $19 billion by 2024; growing at a CAGR of 6.4% between 2016 and 2024. Smart weapons are self-guided and technologically advanced artillery used for cross border security or during war. Some of the smart weapons such as surface-to-air missiles, air-to-ground missiles, and smart bombs are widely used across the world. Growing terrorism, civil strife, and cross border hostilities have increased the adoption of smart weapons by military forces. Rising procurement of military equipment, increasing awareness towards border security, and high demand of high precision in weapons, are the major drivers of the global smart weapons market. However, high price of these weapons may hamper the market growth in the coming years. Rising worldwide demand for technologically advanced smart weapons would provide several growth opportunities for the market in the coming years.

The global smart weapons market is categorized on the basis of type and geography. By type, the market is segmented into air-to-ground missiles, surface-to-air missiles, sensor fused weapons, direct energy weapons, electro-magnetic pulse weapons, smart bombs, precision artillery munitions, smart bullets, and others. Air-to-ground missiles segment accounted for the largest market share in 2016, owing to its extensive usage during terrorism and country war. Directed energy weapons are anticipated to grow at the highest CAGR over the forecast period.

Geographically, the market is categorised into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers Germany, France, UK, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.

Major companies operating in this market are Boeing, OTO Melara S.P.A, Raytheon Company, General Dynamics, Denel Dynamics, Textron Defense Systems, Rafael Advanced Defence Systems Ltd., L-3 Fuzing And Ordnance Systems Inc., Alliant Techsystems Inc. and Israel Aerospace Industries, among others.

The key takeaways from the report:
The report will provide detailed analysis of Smart Weapons Market with respect to major segments such as type and geography. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Smart Weapons Market has been included in the report.

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Profile of the key players of the Smart Weapons Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Smart Weapons Market
Type Segment
Surface-To-Air Missiles
Air-To-Ground Missiles
Sensor Fused Weapons
Direct Energy Weapons
Electro-Magnetic Pulse Weapons
Smart Bombs
Precision Artillery Munitions
Smart Bullets

Geographical Segments
North America
United Kingdom

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South Korea
South America
Middle East

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