Smart Weapons Industry Growth Outlook: 8.1% CAGR and $24.09 Billion by 2029

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What Is the Long-Term Growth Forecast for the Smart Weapons Market Size 2025?
There has been a significant expansion in the smart weapons market in recent years. The market is projected to increase from $16.19 billion in 2024 to $17.64 billion in 2025, representing a compound annual growth rate (CAGR) of 8.9%. The growth observed in the historic timeframe was influenced by factors such as increased international sales and exports, a surge in demand for precision-guided munitions (PGMs), rising need for multi-purpose weaponry, emphasis on electronic warfare and countermeasures, and the necessity for interoperable weapons systems.

What CAGR is Forecasted for the Smart Weapons Market Through 2029?
The market for smart weapons foresees a robust escalation in the coming years, projecting a growth to $24.09 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.1%. Factors contributing to this growth during the predicted timeline include escalating counter-terrorism activities, defense budget allocation, integration of cyber security, modernization of military, and an increased demand for precision strike weapons. Significant trends during this timeline are expected to be the advancements in artificial intelligence (AI) and machine learning (ml), increased emphasis on miniaturization and enhanced autonomy, the progress of directed energy weapons (dew), developments in counter-drone and counter-missile systems, and advancements in human-machine collaboration and decision support.

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What Are the Critical Factors Driving Smart Weapons Market Development?
The growth of the smart weapons market is fueled by escalating global and regional chaos. This instability refers to political disturbances in surrounding nations. Numerous countries have embraced smart weapons to safeguard themselves against heightened regional unpredictability and threats from neighboring states. For instance, according to an academic community-supported documentation produced by Stockholm International Peace Research Institute, a nonprofit organization based in Sweden, in May 2023, there were 64 multinational peace operations implemented across 38 countries and territories around the world in 2022. This accounted for more actions recorded than the total in the preceding decade. By late 2022, the number of international personnel involved in multilateral peace operations worldwide had reached 114 984, a 2.79 percent increase from the year before. As a result, the surge in transnational and regional unrest propels the advancement of the smart weapons market.

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How Does the Smart Weapons Market Break Down Across Major Segments?
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

What Are the Major Trends Transforming the Smart Weapons Industry?
Major players in the smart weapons market are shifting their focus towards the creation of innovative technologies such as EDGE smart weapons to improve accuracy, reduce unwanted damage, and heighten battlefield performance. EDGE Smart Weapons are sophisticated precision-guided munitions that employ the latest technological advancements like artificial intelligence, machine learning, and high-tech sensors to ramp up targeting precision and operational effectiveness. For instance, General Atomics Aeronautical Systems, Inc., a US aerospace firm, developed the MQ-9B SkyGuardian RPA in November 2023. The MQ-9B SkyGuardian is known for its high endurance of over 40 hours, superior surveillance capabilities with high-resolution sensors, and its operational safety in civil airspace alongside commercial aircraft. Its adaptable design enables customizable payload implementation, making it suitable for a range of military and humanitarian operations. There has been a noticeable increase in strategic alliances and collaborations in the smart weapons market. Notably, in February 2021, Rheinmetall Denel Munition, a German auto and weapons manufacturer, and Northrop Grumman, an American aerospace and defense firm, signed a decade-long agreement to advance ammunition technologies for future artillery operations. This deal emphasizes on precision-guided enhanced range artillery ammunition solutions (PGK), outfitting 155mm artillery rounds with an integrated M1156 precision guidance kit.

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Which Players Are Driving Innovation 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 Regions Are Driving Global Smart Weapons Market Expansion?
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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