Smart Weapons Market By Type (Surface-to-air missiles, Sensor fused weapons, Precision artillery munitions, Smart bullets, Air-to-ground missiles, Smart bombs, Directed energy weapons, Electromagnetic pulse weapons) - Global Industry Analysis & Forecast to 2025
Industry Outlook and Trend Analysis
The Smart Weapons Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Smart Weapons are bombs and projectiles that are known for their precision and are guided by lasers and different means. Given the need of such gadgets in war, the interest is anticipated to increment amid the figure time frame. Further, the increasing demand for such weapons is owing to the competitive benefits of the smart weapons, for example, precise, reliable first short and snappy hit ability, and generally lessens the expense of logistics. Expanding utilization of smart weapons in the protection part, for example, in war and security is foreseen to fuel development in the coming years.
Drivers and Restraints
The market, which is various as far as level of implementation and technological complications; nonetheless, its commitment to the world market would increment altogether inside the following years. High expense is a significant constraint for purchasing the smart weapons. Nonetheless, late advancements, which insert high effectiveness and longer range, empower the innovation to achieve a more extensive portion of shoppers.
North America was the most astounding income generating region in 2015. Also, Asia-Pacific is anticipated to enroll the quickest development rate over the gauge time frame.
- North America
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
- Lockheed Martin
- MBDA Inc
- Raytheon Company
- Orbital ATK
- General Dynamics Corporation
- The Boeing Co
- Israel Aerospace Industries
- Northrop Grumman Corporation
- Textron Inc
- BAE Systems
Some of the key questions answered by the report are:
- What was the market size in 2014 and forecast from 2015 to 2025?
- What will be the industry market growth from 2015 to 2025?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?