Press release
Global Smart Bullets Market Expanding at a CAGR of 15.20% during the period 2017-2025 - Industry Analysis, Size, Share, Growth, Trends and Forecast
Global Smart Bullets Market: Overview
A smart bullet not only follows the route of the target but also sends data, changes its speed, and turns according to it. Smart bullets exhibit various features such as better lethality with aim point range. They are also effective against moving targets. Increase in the demand of smart bullets in several developing countries such as India, China, Brazil and Argentina among others is expected to boost the market during the forecast period. The smart bullets market is dominated by North America due to the focus of the U.S. government for the incorporation of the technologically advanced weapons to its weapon list. In addition, the U.S. government is also the major customer of smart bullets in both global as well as North America.
One of the major factor fueling the market for the smart bullets is increase in the budget of defense in several countries such as China, India, France, U.S. and U.K. among others. In February 2017, U.S. government boosted their defense spending by approx. USD 54 Million. This budget will help the law enforcement to keep the terrorists out of the country.
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In February 2017, Indian government announced to increase their defense budget by 6.2%. This budget includes to buy new equipment, aircrafts, weapons, army vehicles and naval warships among others. In March 2017, Chinese government announced to boost the military spending by 7% which in turn boost the market for the smart bullets in the coming years in Asia Pacific as well as globally. This will help the country to be a step closer to become the supreme power globally.
Global Smart Bullets Market: Segmentation
Guided smart bullets and self-guided smart bullets are the various product types of the smart bullets market. In 2016, guided smart bullets market is estimated to be the largest market followed by self-guided smart bullets market and expected to be the same during the forecast period of 2017 – 2025. Increase in the criminal activities is one of the major factor fueling the market for smart bullets in some of the major countries such as the U.S. among others during the forecast period.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Highlights
Chapter 2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms Used
2.2 Research Methodology
Chapter 3 Executive Summary
3.1 Market Snapshot
Chapter 4 Smart Bullets Market: Overview
4.1 Introduction
4.2 Key Trend Analysis
4.3 Drivers and Restraints Snapshot Analysis
4.4 Drivers
4.4.1 Increasing defense budget
4.4.2 Increase in the demand of weapons
4.4.3 Technological innovation
4.4.4 Frequent terror attacks
4.5 Market Restraints
4.5.1 High Manufacturing Cost
4.6 Market Opportunities
4.6.1 Opportunity Analysis
4.6.2 Increase in the demand of smart bullets in navy
4.6.3 Increase in the demand of smart bullets in air force
4.7 Porter’s Analysis
4.8 Smart Bullets: Market Attractiveness Analysis
4.9 Market Share by Key Players (%),2016
4.9.1 Competitive Strategies Adopted by Leading Players, By Regions
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