According to the latest report from the IMARC group, entitled “Smart Weapons Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026‘, The global smart weapons market has shown strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 13% during 2021-2026. Smart weapons refer to precision guided munitions designed to strike specific targets with greater precision. They typically include firearms, pistols, bombs, and sniper rifles. Smart weapons are integrated with built-in computers, artificial intelligence (AI), and machine learning (ML) that use light, sound and electromagnetic (EM) waves to guide the weapon to the target. In addition, they are programmed to filter unwanted signals in a multi-signal environment to minimize collateral damage.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Smart Weapons Market Trends:
The rapid transformation of war tactics, growing geopolitical tensions, and the growing need for high-precision munitions are mainly contributing to the widespread adoption of smart weapons across the world. In addition, governments in various countries are continuously investing in research and development (R&D) activities to design electronic warfare (EW) systems integrated with detection and light ranging (LiDAR), positioning system technologies. global (GPS) and augmented reality (AR). Such advancements help staff make self-reaction or strike decisions, which acts as a growth factor. Apart from this, upgrades to existing missiles and ammunition with biometric locks for enhanced security create positive prospects for the market.
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Key market segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
â¢ Airbus SE
â¢ BAE systems
â¢ General Dynamics Company
â¢ Israeli aerospace industries
â¢ L3Harris Technologies Inc.
â¢ Lockheed Martin Company
â¢ Northrop Grumman Company
â¢ Rafael Advanced Defense Systems Ltd.
â¢ Raytheon Technologies Corporation
â¢ Thales Group and The Boeing Company
Breakdown by type:
â¢ Anti-tank and remote missiles
â¢ Air-to-air and air-to-surface missiles
â¢ Anti-ship and anti-submarine missiles
â¢ Guided bombs
â¢ Target pods
â¢ Guided projectiles
â¢ Artillery shells
â¢ Mortar towers
â¢ Guided rockets
â¢ Anti-tank and tactical rockets
â¢ Air-air and air-surface
â¢ Precision guided firearms
â¢ Small smart weapons
â¢ Long guns
â¢ Smart guns
Breakthrough by technology:
â¢ Satellite guidance
â¢ Radar guidance
â¢ Infrared guidance
â¢ Laser guidance
Breakdown by platform:
â¢ Sea / Marine
Breakdown by region:
â¢ Middle East and Africa
â¢ North America
â¢ Asia Pacific
â¢ Latin America
Highlights of the report:
â¢ Market performance (2015-2020)
â¢ Market outlook (2021-2026)
â¢ Porter’s five forces analysis
â¢ Market drivers and success factors
â¢ SWOT analysis
â¢ Value chain
â¢ Complete mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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