Smart Weapons Market: Global Industry Trends & Forecast, 2016-2025 | Raytheon, General Dynamics, Denel Dynamics, Boeing, BAE Systems, Orbital ATK

Smart Weapons are projectiles and bombs which are widely known for their accuracy. They are generally guided by lasers and other means. The increasing Technology of smart weapons in the defense sector due to the rising security has propelled the smart weapons market.

On the basis of technology, it is divided into infrared, lasers, GPS, radar, and others. There has been a brisk rise in the demand and usage of infrared technology as it is very accurate and precise. There have been tremendous advancements in infrared technology and it is most widely used in military force Technologies which includes night vision, target acquisition, tracking, and surveillance.

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On the basis of the product, it is segmented into missiles, munitions, guided projectiles, guided rockets, and precision-guided firearms. owing to the rising number of army modernization programs, increasing procurement of military equipment, and a rise in defense budgets globally, there has been a rise in the demand and use of munitions and missiles segment.

By platform, it is segmented into air, land and naval. The rising need to be self-reliant and have a strong defense background is the major reason fueling the growth of the segment.

Key Factors Impacting Market Growth:

-The rising cost of the maintenance and aging military equipment has resulted in increased demand for the smart weapons market.

-Modernization in the manufacturing of weapon

-Increasing demand for high precision arms and ammunition 

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Market Segmentation:

By Product:

• Missiles
• Munitions
• Guided Rockets
• Guided Projectiles
• Guided Firearms 

By Platform:

• Land
• Air
• Naval

By Technology:

• Infrared
• Lasers
• GPS
• Radar
• Others

By Region:

• North America

◦ By Country (US, Canada, Mexico)
◦ By Product
◦ By Platform
◦ By Technology

• Western Europe

◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
◦ By Product
◦ By Platform
◦ By Technology

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• Eastern Europe

◦ By Country (Russia, Turkey, Rest of Eastern Europe)
◦ By Product
◦ By Platform
◦ By Technology

• Asia Pacific

◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
◦ By Product
◦ By Platform
◦ By Technology

• Middle East

◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
◦ By Product
◦ By Platform
◦ By Technology

• Rest of the World

◦ By Region (South America, Africa)
◦ By Product
◦ By Platform
◦ By Technology

Companies Profiled:  

Textron Defense Systems, Raytheon Company, Israel Aerospace Industries, General Dynamics, Denel Dynamics, Boeing, Rafael Advanced Defense Systems Ltd. BAE Systems, OTO Melara S.P.A, L-3 Fuzing And Ordnance Systems Inc. and Alliant Techsystems Inc.

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Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments about market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.