Smart Weapons Demand to See Remarkable Increase Globally, According to SDI Report Published at MarketPublishers.com23 Nov 2017 • by Natalie Aster
LONDON – Worldwide, the smart weapons market is set to gain traction through to 2022 owing to the surging demand for smart weapons, continued advancements in R&D, and introduction of various IT related innovations.
Worldwide, 38% of executives anticipate 10% to 25% hike in the demand for smart weapons over the next 4 years.
Geography-wise, the USA, Russia, and China are likely to be the most prominent country markets accounting for the biggest share of the overall smart weapon demand.
Smart bombs, smart sensors, and precision-guided munitions are poised to secure massive investment in the foreseeable future. In addition, companies are presently focusing on R&D activity on optical, missile, and GPS technology owing to an upsurge in net-centric warfare from pole to pole.
Topical research report “Smart weapons: Key Trends and Future Outlook 2018-2022” drawn up by SDI reviews executives’ opinions on major forces propelling the market for smart weapons.
The publication sheds light on the likely changes in investment in smart weapons through to 2022, comprising key factors and main barriers for their development. It also limelights key potential markets to pour money into and fields for technological development in smart weapons in the offing.
The report canvasses the influence of smart weapons on the defense industry during the oncoming years; pinpoints major factors, growth drivers, and challenges that are set to affect the industry in the year to come. The study identifies the anticipated change in demand for smart weapons in the coming 4 years, amid the potential reductions in military budget. The report takes a look at the projected change in suppliers’ revenue due to the military budget money allocated to smart weapons. It gives insights into the investment trends in the smart weapons industry. The study identifies the influence of AI and robotics on the sector in the foreseeable future.
More topical market research reports elaborated by this publisher are available at SDI page at MarketPublishers.com.