Smart Weapons Market Analysis and Growth during the Forecast Period 2014-2022 | Key Players include Lockheed Martin Corporation, Boeing Company, BAE Systems
Smart Weapons Market Report projects that the smart weapons market size is expected to reach $99,380 million by 2022, growing at a CAGR of 11.6% from 2016 to 2022. This is attributed to the increase in defense expenditure by the governments paired with rising demand for precision strike weapons. North America is expected to be the largest market during the forecast period 2016-2022.
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Among air-to-surface missiles, surface-to-air missiles, smart bombs, sensor fused bombs, directed energy weapons, precision artillery munitions, electromagnetic pulse weapons, smart bullets, and other types of smart weapons, air-to-surface missiles holds the highest market share. Air-to-ground missiles are advantageous in terms of targeting from a distance and off the range of the targets air defenses. However, other weapon that includes unmanned aircrafts and drones is the fastest-growing sub-segment.
North America is the highest revenue generating region and is expected to maintain its dominance throughout the forecast period. Nonetheless, Asia-Pacific is estimated to be the fastest growing region due to an increase in the security threats, border breach, and conflicts with the neighboring countries in the region.
The Major players reported in the market include:
The smart weapons market comprises dominant players such as Lockheed Martin Corporation, Boeing Company, BAE Systems, and others that focus on strengthening their positions in the market.
• The study provides an in-depth analysis of the Smart Weapons Market along with current and future trends to elucidate the imminent investment pockets.
• The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.
• Porter's Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.
• The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.
• The quantitative analysis of the market during the period of 2014-2022 is provided to elaborate the market potential.
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KEY MARKET SEGMENTS:
Sensor fused weapons
Directed energy weapons
Precision artillery munitions
Electromagnetic pulse weapons
Central & South America
Middle East and Africa
Key Findings of the Smart Weapons Market Study:
• Air-to-surface missiles are expected to exhibit a significant growth in the smart weapons market as it is the most widely produced precision-guided missile.
• North America is projected to exhibit a substantial growth during the forecast period in the market.
• Many industry players focus on acquisition, merger, product launch, and partnership strategies and offer innovative products, services & solutions to attain a higher market share.
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 WORLD SMART WEAPONS MARKET, BY END USER
CHAPTER 5 WORLD SMART WEAPONS MARKET, BY APPLICATION
CHAPTER 6 WORLD SMART WEAPONS MARKET, BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES
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Name: Sameer Joshi
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