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Surge In Military Budgets Fueling The Growth Of The Market Due To Rising Geopolitical Tensions: Pivotal Factor Influencing Land-Based Smart Weapons Market Growth in 2025
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Land-Based Smart Weapons Market Size Growth Forecast: What to Expect by 2025?_x000D_
In recent times, the market size for land-based smart weapons has significantly escalated. The projection is that it will improve from a worth of $5.09 billion in 2024 to $5.51 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.2%. The expansion during the historical term is due to the growing need for precision strike capabilities, escalating tensions across borders, an intensified focus on reducing unintended damage, an increase in uneven warfare and insurgencies, and a heightened demand for instant awareness on the battlefield._x000D_
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How Will the Land-Based Smart Weapons Market Size Evolve and Grow by 2029?_x000D_
In the coming years, the land-based smart weapons market is predicted to experience robust growth. The market is likely to expand to $7.43 billion by 2029 with a compound annual growth rate (CAGR) of 7.8%. This growth during the forecast period is due to a number of factors including the increased use of autonomous ground systems, higher investment in defense-oriented artificial intelligence, a growing focus on autonomous weaponry, a rising demand for integrated battlefield technologies, and a greater necessity for precision in urban combat. Key trends during this forecast period are expected to be improvements in autonomous targeting systems, further integration of artificial intelligence, innovative advancements in precision strike capabilities, the integration of network-centric warfare systems, and enhancements in sensor fusion technologies._x000D_
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What Drivers Are Propelling the Growth of Land-Based Smart Weapons Market Forward?_x000D_
The upward trajectory of military budgets is predicted to stimulate the expansion of the land-based smart weapons market. Interpreted as the total government expenditure towards defense, including smart weapons' acquisition, development, and upkeep, these budgets are generally fueled by escalating geopolitical tensions. Countries, consequently, apportion higher resources to bolster their defense systems and assure national security in the escalating regional disputes and worldwide power struggles. Such increments in military financing encourage the cultivation and utilization of land-based smart weapons by promoting cutting-edge technologies, manufacturing, and training, resulting in more accurate, dependable, and effective combat systems. As an example, the Ministry of Defence, a UK governmental body, reported in November 2023 that UK defense expenditure surged from £52.8 billion (approximately $66.2 billion) in 2022/23 to £54.2 billion (roughly $ 68 billion) in 2023/24. Hence, the escalation in military budgets fuels the expansion of the land-based smart weapons market._x000D_
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Which Emerging Trends Are Transforming the Land-Based Smart Weapons Market in 2025?_x000D_
Leading corporations in the terrestrial smart weapons market are concentrating their efforts on creating cutting-edge systems like naval cruise missiles. These systems aim to improve the accuracy of strikes and diversify potential missions. Naval cruise missiles are long-range, highly precise weapons launched from maritime platforms to accurately target land or sea targets. They serve to boost military attacking capabilities by allowing safe engagement of targets, minimizing personnel hazards and enhancing operations. For instance, France's MBDA S.A.S launched the Land Cruise Missile (LCM) system in June 2024. This system- a ground-launched cruise missile based on the operational Naval Cruise Missile- guarantees long-range precision strikes with increased survivability. The LCM system includes ground launchers situated on specialized platforms, coupled with a mission planning suite, presenting a thoroughly integrated solution. It borrows vital features from the NCM, such as the capacity for extremely accurate strikes over vast distances, the ability to evade integrated air defense systems through a reduced radar cross-section and terrain-conforming flight, and significant effectiveness against strategic targets._x000D_
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What Are the Key Segments in the Land-Based Smart Weapons Market?_x000D_
The land-based smart weapons market covered in this report is segmented - _x000D_
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1) By Type Of Weapon: Missiles, Artillery Systems, Smart Munitions, Unmanned Ground Vehicles (UGVs), Cyber Weapons_x000D_
2) By Technology: Satellite Guidance, Radar Guidance, Infrared Guidance, Laser Guidance, Other Technologies_x000D_
3) By Application: Military, Homeland Security, Industrial Security, Counter-Terrorism_x000D_
4) By End User: Military Defense Forces, Government Agencies, Private Security Firms, Research Institutions_x000D_
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Subsegments:_x000D_
1. By Missiles: Surface-To-Surface Missiles, Anti-Tank Guided Missiles (ATGMs), Ballistic Missiles, Cruise Missiles_x000D_
2. By Artillery Systems: Self-Propelled Howitzers, Multiple Launch Rocket Systems (MLRS), Automated Mortar Systems, Precision-Guided Artillery Shells_x000D_
3. By Smart Munitions: Guided Bombs, Sensor-Fused Munitions, Cluster Munitions With Self-Destruct Mechanisms, Loitering Munitions_x000D_
4. By Unmanned Ground Vehicles (UGVs): Combat Unmanned Ground Vehicles (UGVs), Reconnaissance Unmanned Ground Vehicles (UGVs), Explosive Ordnance Disposal (EOD) Unmanned Ground Vehicles (UGVs), Logistics Support Unmanned Ground Vehicles (UGVs)_x000D_
5. By Cyber Weapons: Offensive Cyber Tools, Electronic Warfare Systems, Network Intrusion And Disruption Tools, Signal Jamming And Spoofing Systems_x000D_
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Who Are the Key Players Shaping the Land-Based Smart Weapons Market's Competitive Landscape?_x000D_
Major Companies operating in the land-based smart weapons market are Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, General Dynamics Ordnance and Tactical Systems Inc., Northrop Grumman Corporation, BAE Systems plc, Larsen And Toubro Limited, Thales Group, L3Harris Technologies Inc., Textron Systems Corporation, Rheinmetall AG, Hanwha Aerospace Co. Ltd., MBDA Missile Systems, Diehl Defence, Saab AB, Rafael Advanced Defense Systems Ltd., Poongsan Corporation, ASELSAN A.S., Denel Dynamics, UVision Air Ltd., NORINC _x000D_
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What Geographic Markets Are Powering Growth in the Land-Based Smart Weapons Market?_x000D_
North America was the largest region in the land-based smart weapons market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the land-based smart weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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