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Global Smart Weapons Market Size study, by Product (Missiles, Munitions, Guided Rockets, Guided Projectiles, Guided Firearms, Others), by Technology (Infrared, Laser, Radar, Positioning System (GPS), Others), by Platform (Land, Maritime, Airborne), and Regional Forecasts 2022-2032

August 2024 | 200 pages | ID: GAFBFA650D7AEN
Bizwit Research & Consulting LLP

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Global Smart Weapons Market is valued at approximately USD 18 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2024-2032. Smart weapons, equipped with advanced technologies such as GPS, radio, infrared, laser, and satellite guidance systems, provide unparalleled accuracy and precision, ensuring minimal collateral damage and enhanced operational efficiency. These precision-guided munitions are a pivotal advancement in modern warfare, drastically changing the dynamics of military strategy by integrating intelligent systems for improved target engagement and safety.

The growing imperative for precision strike weapons, coupled with the volatile international security landscape, drives the demand for smart weapons. This surge is further bolstered by the increasing defense budgets aimed at upgrading weapon technology. For instance, Northrop Grumman Corporation's contract with the U.S. Navy for the low-rate initial production of AGM-88G Advanced Anti-Radiation Guided Missile Extended Range (AARGM-ER) exemplifies the escalating demand for sophisticated weapons systems. Moreover, the technological advancements in smart weapons and the rise in urban air mobility initiatives present various lucrative opportunities over the forecast years. The market faces challenges from stringent arms transfer regulations, as highlighted by the Arms Trade Treaty. This treaty, aimed at controlling and reducing the trade of smart weapons, poses significant constraints on market growth.

The key regions considered for the Global Smart Weapons Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Smart Weapons Market in terms of revenue. The market growth in the region is being attributed to factors including high defense spending and extensive military modernization initiatives. The presence of key players such as Boeing, Lockheed Martin, and Northrop Grumman further accentuates the region's market leadership. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by increasing defense budgets and the presence of major defense contractors like Thales Group and BAE Systems.

Major market players included in this report are:
The Boeing Company
L-3 Communications Holdings Inc.
MBDA Inc.
General Dynamics Corporation
Orbital ATK
Thales Group
Textron Inc.
Rheinmetall AG
Lockheed Martin Corporation
Raytheon Technologies Corporation
BAE Systems PLC
Northrop Grumman Corporation
Rafael Advanced Defense Systems Ltd.
Kongsberg Gruppen ASA
Elbit Systems Ltd.

The detailed segments and sub-segment of the market are explained below:
By Product:
Missiles
Munitions
Guided Rockets
Guided Projectiles
Guided Firearms
Others

By Technology:
Infrared
Laser
Radar
Positioning System (GPS)
Others

By Platform:
Land
Maritime
Airborne

By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL SMART WEAPONS MARKET EXECUTIVE SUMMARY

1.1. Global Smart Weapons Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Product
  1.3.2. By Technology
  1.3.3. By Platform
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL SMART WEAPONS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL SMART WEAPONS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Growing Demand for Advanced Precision Strike Weapons
  3.1.2. Increase in Number of Security Threats from Terrorist Organizations
  3.1.3. Increasing Defense Expenditure by Governments of Major Economies
3.2. Market Challenges
  3.2.1. Regulations on Arm Transport
  3.2.2. Lack of Infrastructure Support
3.3. Market Opportunities
  3.3.1. Technological Advancements in Smart Weapons
  3.3.2. Rise in Urban Air Mobility Initiatives

CHAPTER 4. GLOBAL SMART WEAPONS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SMART WEAPONS MARKET SIZE & FORECASTS BY PRODUCT 2022-2032

5.1. Segment Dashboard
5.2. Global Smart Weapons Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Missiles
  5.2.2. Munitions
  5.2.3. Guided Rockets
  5.2.4. Guided Projectiles
  5.2.5. Guided Firearms
  5.2.6. Others

CHAPTER 6. GLOBAL SMART WEAPONS MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

6.1. Segment Dashboard
6.2. Global Smart Weapons Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Infrared
  6.2.2. Laser
  6.2.3. Radar
  6.2.4. Positioning System (GPS)
  6.2.5. Others

CHAPTER 7. GLOBAL SMART WEAPONS MARKET SIZE & FORECASTS BY PLATFORM 2022-2032

7.1. Segment Dashboard
7.2. Global Smart Weapons Market: Platform Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Land
  7.2.2. Maritime
  7.2.3. Airborne

CHAPTER 8. GLOBAL SMART WEAPONS MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Smart Weapons Market
  8.1.1. U.S. Smart Weapons Market
    8.1.1.1. Product breakdown size & forecasts, 2022-2032
    8.1.1.2. Technology breakdown size & forecasts, 2022-2032
    8.1.1.3. Platform breakdown size & forecasts, 2022-2032
  8.1.2. Canada Smart Weapons Market
8.2. Europe Smart Weapons Market
  8.2.1. UK Smart Weapons Market
  8.2.2. Germany Smart Weapons Market
  8.2.3. France Smart Weapons Market
  8.2.4. Spain Smart Weapons Market
  8.2.5. Italy Smart Weapons Market
  8.2.6. Rest of Europe Smart Weapons Market
8.3. Asia-Pacific Smart Weapons Market
  8.3.1. China Smart Weapons Market
  8.3.2. India Smart Weapons Market
  8.3.3. Japan Smart Weapons Market
  8.3.4. Australia Smart Weapons Market
  8.3.5. South Korea Smart Weapons Market
  8.3.6. Rest of Asia Pacific Smart Weapons Market
8.4. Latin America Smart Weapons Market
  8.4.1. Brazil Smart Weapons Market
  8.4.2. Mexico Smart Weapons Market
  8.4.3. Rest of Latin America Smart Weapons Market
8.5. Middle East & Africa Smart Weapons Market
  8.5.1. Saudi Arabia Smart Weapons Market
  8.5.2. South Africa Smart Weapons Market
  8.5.3. Rest of Middle East & Africa Smart Weapons Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. The Boeing Company
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. L-3 Communications Holdings Inc.
  9.3.3. MBDA Inc.
  9.3.4. General Dynamics Corporation
  9.3.5. Orbital ATK
  9.3.6. Thales Group
  9.3.7. Textron Inc.
  9.3.8. Rheinmetall AG
  9.3.9. Lockheed Martin Corporation
  9.3.10. Raytheon Technologies Corporation
  9.3.11. BAE Systems PLC
  9.3.12. Northrop Grumman Corporation
  9.3.13. Rafael Advanced Defense Systems Ltd.
  9.3.14. Kongsberg Gruppen ASA
  9.3.15. Elbit Systems Ltd.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Smart Weapons market, report scope
TABLE 2. Global Smart Weapons market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Smart Weapons market estimates & forecasts by Product 2022-2032 (USD Billion)
TABLE 4. Global Smart Weapons market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 5. Global Smart Weapons market estimates & forecasts by Platform 2022-2032 (USD Billion)
TABLE 6. Global Smart Weapons market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Smart Weapons market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Smart Weapons market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Smart Weapons market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Smart Weapons market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Smart Weapons market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Smart Weapons market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Smart Weapons market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Smart Weapons market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Smart Weapons market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Smart Weapons market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Smart Weapons market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Smart Weapons market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Smart Weapons market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Smart Weapons market estimates & forecasts by segment 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Smart Weapons market, research methodology
FIG 2. Global Smart Weapons market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Smart Weapons market, key trends 2023
FIG 5. Global Smart Weapons market, growth prospects 2022-2032
FIG 6. Global Smart Weapons market, porters 5 force model
FIG 7. Global Smart Weapons market, PESTEL analysis
FIG 8. Global Smart Weapons market, value chain analysis
FIG 9. Global Smart Weapons market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Smart Weapons market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Smart Weapons market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Smart Weapons market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Smart Weapons market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Smart Weapons market, regional snapshot 2022 & 2032
FIG 15. North America Smart Weapons market 2022 & 2032 (USD Billion)
FIG 16. Europe Smart Weapons market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific Smart Weapons market 2022 & 2032 (USD Billion)
FIG 18. Latin America Smart Weapons market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Smart Weapons market 2022 & 2032 (USD Billion)
FIG 20. Global Smart Weapons market, company market share analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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