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

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What Is the Current Next Generation Weapons Technology Market Size and Its Estimated Growth Rate?
The market size for future generation weapons technology has seen a robust growth over the recent past. A rise from $18.81 billion in 2024 to $20.11 billion in 2025, translating to a Compound Annual Growth Rate (CAGR) of 6.9%, is projected. The escalating demand for autonomous weaponry, progressive advancements in directed energy weapons, the surge in military modernization agendas, the increasing significance accorded to cybersecurity, and the expanded utilization of battlefield robotics have been key contributors to the growth experienced during the historic period.

The market size for next-generation weapons technology is predicted to experience significant growth in the upcoming years, reaching $25.99 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. This expected surge during the forecast period can be attributed to the escalating demand for autonomous weapons, increased utilization of electromagnetic railguns, the expansion in using edge computing in military operations, a rise in military satellite deployments, and surging military modernization programs. The forecast period is also likely to witness major trends such as the incorporation of artificial intelligence (AI), creation of hypersonic weapons, an emphasis on cybersecurity measures, development of electromagnetic weapons, and the introduction of 5G and millimeter wave communication technology.

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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 of the next-generation weapons technology market is seen to be fueled by the increasing defense budget. This budget-which is a fund provided by the government for military activities like operations, equipment, national security efforts, and personnel- is experiencing a rise to cater to the immediate requirement for military capabilities modernization. This is done to ensure national security and maintain strategic influence, given the changing power structures. With an enlarged defense budget, sufficient funds for the research, development, and procurement of next-gen weapons technologies are provided. This funding encourages the creation of sophisticated systems, helping defense forces to be well-equipped to deal with evolving threats. For example, the Stockholm International Peace Research Institute (SIPRI), a research institute based in Sweden, reported in April 2024 that global military expenditures amounted to $2.443 trillion in 2023, marking a 6.8% surge from 2022. As a result, these escalating defense budgets are propelling 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?
Leading businesses in the next-generation weapons technology market are striving to create superior remote weapon systems to bolster more accurate and efficient warfare capabilities. These remote weapon systems (RWS) represent an evolution in technology, by allowing weapons to be managed from afar, negating the requirement for an operator to be at the weapon's locale. They improve military security and productivity by facilitating target engagement without the necessity for direct risk exposure. For instance, in February 2025, Electro Optic Systems, a defense technology company located in Australia, introduced the R500 - a cutting-edge remote weapon system (RWS). This system heightens accuracy and adaptability during intricate combat scenarios by amalgamating AI-guided targeting, elevated counter-UAS capabilities, and adaptability for multiple weapons. The R500 enhances lethal effect, improves situational comprehension, and boosts survivability, rendering it perfect for use with armored vehicles and tactical platforms. The system comprises a high-resolution sensor component, increased ammunition ability, and alignment with unmanned ground vehicles, epitomizing EOS' devotion to arming defense forces with the most innovative 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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