Next Generation Weapons Technology Market Anticipated To Witness Robust Growth, Surpassing $3.97 Billion By 2029

The Next Generation Weapons Technology Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Next Generation Weapons Technology Market Size and Its Estimated Growth Rate?
The market size of next-generation weapons technology has witnessed substantial growth recently. It's projected to rise from $18.81 billion in 2024 to $20.11 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. Factors such as rising demand for autonomous weapons, advancements in directed energy weapons, the escalation of military modernization projects, the growing significance of cybersecurity, and the elevated use of battlefield robotics contributed to the robust growth during the historic period.

The market size for next-gen weaponry technology is projected to experience robust growth in the upcoming years, escalating to a value of $25.99 billion by 2029, with a compound annual growth rate (CAGR) of 6.6%. The projected increase in the forecast period can be credited to a growing demand for autonomous weapons, amplified adoption of electromagnetic railguns, a surge in the utilization of edge computing in military contexts, an increase in military satellite placements, and a rise in military modernization initiatives. During this forecast period, key trends will include the integration of artificial intelligence (AI), production of hypersonic weapons, a heightened emphasis on cybersecurity protocols, the widening scope of electromagnetic weapons, and the embrace of 5G and millimeter wave communication methods.

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How Are Emerging Segments Shaping the Next Generation Weapons Technology Market Landscape?
The next generation weapons technology market covered in this report is segmented -

1) By Product: Missiles, Munitions, Guided Projectiles, Guided Rockets, Guided Firearms, Directed Energy Weapons
2) By Technology: Laser, Infrared, Radar, Global Positioning System (GPS), Other Technologies
3) By Platform: Air, Land, Naval

Subsegmentss:

1) By Missiles: Hypersonic Missiles, Cruise Missiles, Ballistic Missiles, Anti-Ship Missiles, Surface-to-Air Missiles (SAM)
2) By Munitions: Smart Bombs, Cluster Munitions, Penetrator Munitions, Airburst Munitions, Non-Lethal Munitions
3) By Guided Projectiles: Precision-Guided Artillery Shells, Smart Mortar Rounds, Laser-Guided Tank Shells, Extended-Range Guided Projectiles, Electromagnetic Railgun Projectiles
4) By Guided Rockets: Laser-Guided Rockets, GPS-Guided Rockets, Air-to-Ground Guided Rockets, Multi-Launch Rocket System (MLRS) Rockets, Swarm-Enabled Guided Rockets
5) By Guided Firearms: Smart Rifles, Computerized Sniper Systems, Fire-and-Forget Small Arms, Tracking-Enabled Machine Guns, AI-Assisted Handguns
6) By Directed Energy Weapons: High-Energy Laser (HEL) Weapons, Microwave Weapons, Particle Beam Weapons, Electromagnetic Pulse (EMP) Weapons, Non-Lethal Directed Energy Weapons

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Which Growth Factors Are Influencing Next Generation Weapons Technology Market Expansion?
The anticipated growth in the next-generation weapons technology market is associated with the escalating defense budget. Government-assigned funds for military activities such as operations, equipment, personnel and matters of national security are labeled as defense budgets. The elevation in the defense budget is a response to the critical need for the modernization of military skills, which in turn, enhance national security and sustain strategic influence amidst power dynamic shifts. The hike in defense budget facilitates allocation of necessary funds in researching, developing and acquiring next-generation weapons technology. Such investments foster the creation of sophisticated systems, making sure the armed forces are ready to face new threats. For instance, the Stockholm International Peace Research Institute (SIPRI) based in Sweden reported in April 2024 that worldwide military expenditure in 2023 amounted to $2.443 trillion, an increase of 6.8% from 2022. Consequently, spiraling defense budgets are steering the growth of the next-generation weapons technology market.

Who Are the Dominant Players Across Different Next Generation Weapons Technology Market Segments?
Major companies operating in the next generation weapons technology market are Raytheon Company, The Boeing Company, Lockheed Martin, General Dynamics Mission Systems, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., BAE Systems, Thales Group, Leidos Holdings Inc., Rheinmetall AG, Elbit Systems, Israel Aerospace Industries (IAI), Naval Group, MBDA, General Atomics, AeroVironment Inc., Bharat Dynamics Limited, Electro Optic Systems, Zen Technologies, Hanwha Defense

What Are the Latest Developing Trends in the Next Generation Weapons Technology Market?
The next-generation weapons technology market is witnessing a surge in development of advanced remote weapon systems by leading companies to increase precision and efficiency in combat situations. These Remote weapon systems (RWS) are innovative solutions that remove the need for human interaction at the site of the weapon, enhancing military security and effectiveness by allowing target engagement without direct danger. Take for example, the defense technology company based in Australia, Electro Optic Systems, launched the R500, a state-of-the-art remote weapon system (RWS), in February 2025. This device, ingrained with AI-driven targeting, the ability to counteract high-altitude unmanned aerial systems, and the capability to adapt to multiple weapons, increases precision and adaptability during intricate combat situations. It escalates lethal capacity, improves situational cognizance, and strengthens survivability, thereby being a perfect fit for armored vehicles and tactical platforms. Featuring a high-resolution sensor unit, an extended ammunition capacity, and the capacity to align with unmanned ground vehicles, the R500 exemplifies EOS' dedication to providing defense forces with the latest technology.

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Which Geographic Regions Are Expected to Dominate the Next Generation Weapons Technology Market in the Coming Years?
North America was the largest region in the next generation weapons technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the next generation weapons technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Next Generation Weapons Technology Market?
2. What is the CAGR expected in the Next Generation Weapons Technology Market?
3. What Are the Key Innovations Transforming the Next Generation Weapons Technology Industry?
4. Which Region Is Leading the Next Generation Weapons Technology Market?

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