Smart Weapons Market's Growth Trajectory from $14.90 Billion in 2020 to a Projected $23.96 Billion by 2030, with a 5% CAGR

According to a recent report published by Allied Market Research, titled, "Smart Weapons Market by Product, Technology, and Platform: Global Opportunity Analysis and Industry Forecast, 2021-2030," T𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐬𝐦𝐚𝐫𝐭 𝐰𝐞𝐚𝐩𝐨𝐧𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟏𝟒.𝟗𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟎, 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟐𝟑.𝟗𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎, 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟓% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/2167

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global smart weapons market share in North America in 2020, owing to increase in R&D activities, technological developments by key players, and rapid adoption of innovative technologies to make reliable, precise, and efficient smart weapons. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of smart weapons across several Asian nations, such as, China, India, Japan, and South Korea.

The smart weapons market is segmented on the basis of product, technology, platform, and region. On the basis of product, the global smart weapons market is categorized into missiles, munitions, guided projectiles, guided rockets, guided firearms, and directed energy weapons. On the basis of technology, the market is classified into laser, infrared, radar, GPS, and others. On the basis of platform, the market is divided into air, land, and naval.

By product, the smart weapons market is segregated into missiles, munitions, guided projectile, guided rocket, guided firearms, and directed energy weapons. The missile segment accounted for the highest revenue in 2020, owing to high demand for guided missile that are being deployed for numerous combat operations throughout the world.

On the basis of technology, the market is segmented into laser, infrared, radar, GPS, and others. The infrared segment garnered the highest revenue in 2020, owing to high demand for infrared-derived precision across different weapon types globally.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/smart-weapons-market/purchase-options

Depending on platform, the smart weapons market is fragmented into air, land, and naval. The land segment was the highest revenue contributor in 2020, owing to high demand for smart weapons by land forces globally.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

The COVID-19 impact on the smart weapon market is unpredictable, and is expected to remain in force for a few years.

The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of raw materials items for most of 2020 and few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing smart weapons.

Moreover, nationwide lockdown forced smart weapons manufacturing facilities to partially or completely shut their operations.

Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of advanced smart weapons globally.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By product, the directed energy weapons segment is expected to register a significant growth during the forecast period.

On the basis of technology, the laser segment is anticipated to exhibit significant growth in future.

Depending on platform, the naval segment is anticipated to exhibit significant growth in future.

Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/2167

The key players that operate in the global smart weapons market include 𝐁𝐀𝐄 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐏𝐥𝐜., 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐋𝟑𝐇𝐚𝐫𝐫𝐢𝐬 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐈𝐧𝐜., 𝐋𝐞𝐨𝐧𝐚𝐫𝐝𝐨 𝐒.𝐩.𝐀., 𝐋𝐨𝐜𝐤𝐡𝐞𝐞𝐝 𝐌𝐚𝐫𝐭𝐢𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐌𝐁𝐃𝐀, 𝐍𝐨𝐫𝐭𝐡𝐫𝐨𝐩 𝐆𝐫𝐮𝐦𝐦𝐚𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐑𝐚𝐲𝐭𝐡𝐞𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐓𝐡𝐚𝐥𝐞𝐬 𝐆𝐫𝐨𝐮𝐩, 𝐚𝐧𝐝 𝐓𝐡𝐞 𝐁𝐨𝐞𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐲.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Military Transport Aircraft Market - https://www.globenewswire.com/news-release/2021/11/17/2336067/0/en/Military-Transport-Aircraft-Market-to-Garner-45-4-Billion-by-2030-Allied-Market-Research.html

Aircraft Micro Turbine Engine Market - https://www.globenewswire.com/news-release/2021/12/09/2348772/0/en/Aircraft-Micro-Turbine-Engine-Market-to-Generate-75-9-Million-in-2030-Allied-Market-Research.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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