GLOBAL SMART WEAPONS MARKET TOP KEY PLAYERS ARE GENERAL DYNAMICS, THALES GROUP, ORBITAL ATK, MBDA, BOEING, LOCKHEED MARTIN AND RAYTHEON.

Smart weapons are those guided weapons that can strike a target with high precision even if it is mobile or stationary. The targets can be located with the help of guidance systems such as lasers, satellites, cameras, infrared and GPS. These weapons provide high accuracy, increased lethality and wide range of paramilitary and military forces. The advancements in smart weapons will enhance the efficiency and capability of the military forces.There are various types of smart weapons such as guided bombs, air-to-surface missiles, surface-to-air missiles, smart bullets, electromagnetic pulse weapons and precision artillery munitions.

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Market Dynamics
The market is witnessing enormous demand due to factors such as changes in the nature of warfare, increasing need to decrease security damage and high demand for accuracy in arms and ammunitions. Also, aging military equipments and huge cost of maintaining those equipments drives the growth of the smart weapons market. Various governments such as China, US and Russia are investing heavily in the modernization of their military equipments which in turn give impetus to weapon manufacturers to develop smart weapons.
However, impact of arms trade regulations and dependency on the United States government is a challenge which hinders the progress of the market.

Market Segmentation
The global smart weapons market is segmented on the basis of technology, product and platform.On the basis of technology, market can be segmented into Laser, Active Homing, GPS,Infrared, IIR Homing, IR Homing, Radar, Passive Homing, Wire-guided, Satellite and others. The market is split into Missiles, Air-to-Air & Air-to-Surface Missile, Anti-Ship & Antisubmarine Missile, Antitank Missiles & Standoff Missiles, Guided Bombs, Munitions, Artillery Shells, Mortar Rounds, antitank & Tactical rockets, Target Pods, Guided Projectiles and Guided Rockets.On the basis of platform, the market is segmented into air, land and naval.

Geographical Analysis
The market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific and MEA. North America and Europe are projected to be the most lucrative market with significant growth. North America is dominating the smart weapons market due to increase in defense budget and continuous development in technology in smart weapons.

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Key Players
Some of the key players in the market include General Dynamics, Thales Group, Orbital ATK, MBDA, Boeing, Lockheed Martin and Raytheon.
Report ContentsRegional AnalysisReport Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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