Press release
Smart Weapons Market Growing at 5% CAGR to Hit USD 23.96 Billion by 2030 | Growth, Share Analysis, Company Profiles
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.
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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.
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.
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Key Benefits For Stakeholders
This study presents analytical depiction of the global smart weapons market analysis along with the current trends and future estimations to depict imminent investment pockets.
The global smart weapons market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities of the global market with a detailed impact analysis.
The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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.
๐๐๐๐๐๐๐-๐๐๐๐ ๐๐ ๐ ๐๐ (๐๐ข๐ฅ๐ฅ 30 ๐๐๐ 2025) - ๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/checkout-final/7d5a8553469a7ce94dac954892bbe00a
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
The Boeing Company
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