Global Next Generation Weapons Technology Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Next Generation Weapons Technology Market Size Forecast for 2025?
The market size for next-generation weapons technology has seen robust growth over the past few years. Its market value, which was $18.81 billion in 2024, is projected to rise to $20 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%. This growth during the historical period can be attributed to several factors, including a higher demand for autonomous weapons, the ongoing development of directed energy weapons, an increase in military modernization programs, a greater emphasis on cybersecurity, and an uptick in the use of battlefield robotics.

What Is the Market Size Outlook for Next Generation Weapons Technology Until 2029?
Expectations are high for the substantial expansion of the next generation weapons technology market in the coming years, with projections of its value reaching $25.74 billion in 2029. This suggests a compound annual growth rate (CAGR) of 6.5%. Various factors are contributing to this predicted growth, such as the ramped-up demand for self-operating weapons, increased acceptance of electromagnetic railguns, and the expanding usage of edge computing within military functions. The rise in military satellite operations and the push for military modernization programs likewise add to this uptrend. The forecast period brings several trends, including the incorporation of artificial intelligence (AI), development of hypersonic arms, prioritization of cybersecurity initiatives, enlargement of electromagnetic weaponries, and the implementation of 5G and millimeter wave communications.

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What Are the Major Factors Driving Demand in the Next Generation Weapons Technology Market?
Anticipated growth in the next-generation weapons technology market is being spurred on by an increasing defense budget. These budgets, funded by the government, are allocated for military purposes like operations, buying equipment, catering to personnel, and initiatives related to national safety. The rising defense budget aims to fulfill the immediate requirement for modernizing military abilities, guaranteeing national security and maintaining strategic influence despite changing power dynamics. This surge in defense budgets provides the necessary monetary resources for the study, creation, and purchase of future weapons technologies. Such financial input stimulates the development of superior systems, enabling military forces to be prepared for upcoming threats. For example, global military expenditure in 2023 reached $2.443 trillion, a 6.8% increase from 2022, as reported by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based global research organization, in April 2024. As a result, the augmentation in defense budgets is fueling the advancement of the next-generation weapons technology market.

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How Are End-Use Segments Shaping the Next Generation Weapons Technology Market Outlook?
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

Subsegments:

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

What Are the Strategic Trends Transforming the Next Generation Weapons Technology Market Landscape?
Leading firms active in the next-gen weapons technology market are concentrating their efforts on creating advanced remote weapon systems to facilitate more accurate and powerful combat potential. Remote weapon systems (RWS) represent a significant leap in technology as they provide the ability to control weapons from afar, removing the requirement for personnel to be present physically at the location of the weapon. This enhances the levels of safety and operational efficiency in the military by allowing engagement with targets without being in harm's way. For example, in February 2025, Electro Optic Systems, a defense technology firm based in Australia, introduced the R500, a cutting-edge remote weapon system (RWS). By integrating AI-powered targeting, vast-elevation counter-UAS capabilities, and the adaptability to multiple weapons, it improves precision and versatility in challenging battle scenarios. It provides improved lethality, heightened situational awareness, and superior survivability, making it a perfect fit for armored vehicles and tactical platforms. The R500 features a high-definition sensor unit, larger ammunition capacity, and can be used seamlessly with unmanned ground vehicles, highlighting EOS's dedication to arming defense forces with state-of-the-art technology.

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Who Are the Prominent Companies in the Next Generation Weapons Technology Market by ?
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

Which Region Is Expected to See the Highest CAGR in the Next Generation Weapons Technology Market?
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.

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