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Exclusive Report on Military Smart Weapons Market with CAGR of +6% by 2023 Report Studied Focusing On Top Companies Like The Boeing Company, Denel SOC Ltd, Kongsberg Gruppen, Lockheed Martin Corporation, MBDA, Orbital ATK, Raytheon Company, Textron Inc

07-31-2018 07:07 PM CET | IT, New Media & Software

Press release from: Research N Reports

Exclusive Report on Military Smart Weapons Market with CAGR

The weapons that are guided by the various technologies such as the computer, lasers, and others, in order to direct them correctly towards the target, are known as smart weapons. These weapons are highly efficient and accurate. Thus, the demand for this kind of weapons is increasing around the globe boosting the smart weapons market. Air-to-ground missiles, surface-to-air missiles, and smart bombs are some of the majorly used smart weapons. Increasing terrorism, civil strife, and cross border hostilities increased the adoption of smart weapons in military. Increased governments spending on military enhancement, pose a huge demand for smart weapons globally.
The Military Smart Weapons market is expected to grow at +6% of CAGR between 2018 and 2023.

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Top Key Studied In This Research are:
The Boeing Company, Denel SOC Ltd, Kongsberg Gruppen, Lockheed Martin Corporation, MBDA, Orbital ATK, Raytheon Company, Textron Inc

The main driver behind the growth of the global smart weapon market is the increase in the research and progress of several research institutions in various regions to develop smart weapons. Demand for modern, efficient weapons is driving the growth of the global smart weapon market. As the demand for tight security and strategic operations on the border increases, it is expected to affect global growth worldwide. The interest of the army to invest more and modernize weapons stimulates the wise arms market of the world. Increasing terror beyond the borders requires smarter weapons, which in turn accelerate global market growth. Increasing defense budgets and military equipment operations and research are driving growth in the global smart weapon market in many parts of the world.

The global smart weapon market is segmented based on technology, products and platforms. The technology areas are divided into infrared, laser, radar, GPS, optics, wire guidance, microcomputing and satellites. The infrared subsegment is divided into IR homing and IIR homing. Radar subsegments are categorized as active and passive homing. Product segments are classified as guided rockets, guided launch vehicles, missiles, munitions, and precision guided firearms. The guided projectile subdivision is divided into two parts, a mortar round and an artillery shield. The munitions subsegment is divided into target pods and guided bombs. Missile sub-segments are classified as anti-air missiles and anti-aircraft missiles, anti-tank missiles and anti-aircraft missiles, air-to-air missiles and air-to-air missiles. Induction rocket sub-segments are classified as anti-submerged tanks and tactical rockets, air-to-air and air-to-air.

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Significant growth is expected in regions such as North America and Europe due to the interest of various research institutions in research and development activities for the development of smart weapons for stringent border security and strategic operations. Terrorist threats have increased military spending and modernization skills for weapons development, and as a result, the global smart weapon market has been activated in many regions.

Table of Contents
Global Military Smart Weapons Market Research Report.
Chapter 1 Military Smart Weapons Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Continued…

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