Smart Weapons Market Set for Huge Growth in the Near Future

Smart weapons are guided munitions that posses the capability of striking a stationary or moving target with high precision. These weapons locate targets through the use of various guidance systems such as lasers, satellites and TV cameras. Since their invention, smart weapons have continued to evolve and significant improvements in accuracy, range and lethality are achieved by weapon manufacturers. The different types of smart weapons include surface-to-air missiles, air-to-surface missiles, guided bombs, smart bullets, precision artillery munitions and electromagnetic pulse weapons among others.

The rising need for precision to minimize the collateral damage coupled with the increasing number of conflicts resulting in high defense spending is the major factor driving the smart weapons market globally. Governments in various countries such as the U.S., China and Russia are spending heavily on modernizing their military resources. Thus, a large number of weapon manufacturers have shifted their focus towards the development of smart weapons. On the contrary, the smart weapons market is facing various challenges such as the impact of arms trade regulations and high dependency on the U.S. government.

Obtain Report Details @
http://www.transparencymarketresearch.com/smart-weapons-market.html

Air-to-ground missiles dominated the market in 2012 whereas direct energy weapon segment is expected to experience fastest growth over the forecast period. Direct energy weapons operate at the speed of light and can cause high damage to the facilities, equipments or personnel. Thus, their demand is continuously increasing across different countries globally. Segments such as electromagnetic pulse weapons and smart bullets are small segments. However; they are expected to experience high growth over the forecast period owing to ongoing technological developments to enhance their functionalities.

Access PDF Brochure at
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1347

Geographically, North America led by the U.S. and Canada dominates the smart weapons market. The growth in this region is attributed to high military spending and presence of key market players that makes the availability of weapons easier for the U.S. government. Emerging countries in Asia Pacific such as China, Japan and India and the rising demand from the Middle East for modern weapon systems offers potential opportunities to the smart weapons market in the coming years.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.