Smart Weapons Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Smart Weapons Market Size By 2025?
The size of the smart water management market has seen a significant increase in the past few years. The market, which was set at $17.36 billion in 2024, is predicted to expand to $20.02 billion by 2025, with a compound annual growth rate (CAGR) of 15.3%. The impressive growth experienced during the historic period is largely credited to factors such as export and global sales, the escalating demand for precision-guided munitions (PGMs), an increased need for multi-role weapons, a shift towards electronic warfare and countermeasures, as well as a need for weapons systems that are interoperable.

How Big Is the Smart Weapons Market Size Expected to Grow by 2029?
The market size for smart water management is projected to experience significant expansion in the upcoming years, reaching a value of $35.82 billion by 2029, illustrating a compound annual growth rate (CAGR) of 15.7%. Several factors can be credited for the growth during the forecast period, including initiatives against terrorism, funds designated for defense, incorporation of cybersecurity, updates in armed forces, and soared demand for accurate strike weapons. The forecast period is also expected to witness certain trends like the implementation of artificial intelligence (AI) and machine learning (ML), enhanced autonomy and miniaturization, directed energy weapons (DEW), systems to counter drones and missiles, and the collaboration of humans and machines for decision-making.

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Which Key Market Drivers Powering Smart Weapons Market Expansion and Growth?
The rise in global and regional instability is spurring the expansion of the smart weapons market. This refers to the political instability that is rampant in neighbouring countries. The adoption of smart weapons has been a defensive stratergy for numerous nations, aimed at safeguarding against the escalating regional instability and potential threats from neighbouring nations. For example, a report from the Stockholm International Peace Research Institute, a nonprofit organization in Sweden championing the application of digital technology within academia, stated in May 2023 that there were 64 multinational peace operations performed in 38 countries and territories globally in 2022 alone. This number superseded the total operations undertaken across the last decade. As of the end of 2022, multilateral peace operations deployed 114,984 international personnel worldwide, a 2.79 percent increase from the previous year. Hence, this escalating transnational and regional instability is a significant factor propelling the smart weapons market.

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Which Fast-Growing Trends Are Poised to Disrupt the Smart Weapons Market?
Companies leading the smart weapons market are now prioritizing the creation of new technologies such as EDGE smart weapons. These advanced weapons utilize state-of-the-art features, including artificial intelligence, machine learning, and cutting-edge sensors, promising improved accuracy and effectiveness on the battlefield while minimizing collateral damage. For example, November 2023 saw the introduction of the MQ-9B SkyGuardian RPA by the American aerospace firm, General Atomics Aeronautical Systems, Inc. Apart from the extended endurance of more than 40 hours, the MQ-9B SkyGuardian boasts of superior surveillance capability using high-resolution sensors and is designed to be operated safely alongside commercial flights in civilian airspace. Furthermore, its modular design presents the option for personalized payload integration, making it a preferred choice for various military and humanitarian assignments. One noticeable trend is the increasing strategic alliances and collaborations in this market. A case in point would be the ten-year contract signed between Northrop Grumman, the American aerospace and defense technology company, and Rheinmetall Denel Munition, the German automotive and arms producer, in February 2021. This deal, focusing on the development of ammunition technology for the artillery of the future, involves the incorporation of an integrated M1156 precision guidance kit for the 155mm artillery shells, with the aim to offer precision-guided enhanced range artillery ammunition solutions (PGK).

What Are the Emerging Segments in the Smart Weapons Market?
The smart weapons market covered in this report is segmented -

1) By Type: Air-to-ground Missiles, Surface-to-air Missiles, Smart Bombs, Sensor Fused Weapons, Directed Energy Weapons, Precision Artillery Munitions, Electromagnetic Pulse Weapons, Smart Bullets, Other Smart Weapons
2) By Platform: Air, Naval, Land
3) By Technology: Laser Guidance, Infrared Guidance, Radar Guidance, Satellite Guidance

Subsegments:
1) By Air-to-Ground Missiles: Guided Missiles, Tactical Missiles, Stand-off Missiles
2) By Surface-to-Air Missiles: Short-Range Surface-to-Air Missiles, Medium-Range Surface-to-Air Missiles, Long-Range Surface-to-Air Missiles
3) By Smart Bombs: Laser-Guided Bombs, GPS-Guided Bombs, Inertial Guidance Bombs
4) By Sensor-Fused Weapons: Multi-Sensor Guided Munitions, Advanced Targeting Systems
5) By Directed Energy Weapons: Laser Weapons, High-Powered Microwave Weapons, Particle Beam Weapons
6) By Precision Artillery Munitions: Precision-Guided Projectiles, Smart Shells, Mortars with Guidance Systems
7) By Electromagnetic Pulse Weapons: High-Power Microwave Weapons, Nuclear and Non-Nuclear EMP Weapons
8) By Smart Bullets: Guided Projectiles, Smart Ammunition with Targeting Systems
9) By Other Smart Weapons: Autonomous Weapon Systems, Swarm Drones and Unmanned Aerial Vehicles, Advanced Non-Lethal Weapons

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Who Are the Global Leaders in the Smart Weapons Market?
Major companies operating in the smart weapons market include Lockheed Martin Corporation, MBDA Incorporated, Orbital ATK Inc., General Dynamics Corporation, BAE Systems plc., The Boeing Company, Textron Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Thales Group, Israel Aerospace Industries Ltd., Denel SOC Ltd., Rafael Advanced Defense Systems Ltd., L3Harris Technologies Inc., Alliant Techsystems Inc., Leonardo-Finmeccanica, Saab AB, Aselsan A.S., Diehl Stiftung & Co. KG, OTO Melara S.P.A, United Technologies Corporation., China Aerospace Science and Industry Corporation Limited., The ExOne Company, Höganäs AB, MTU Aero Engines AG

Which are the Top Profitable Regional Markets for the Smart Weapons Industry?
North America was the largest region in the smart weapons market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the smart weapons market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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