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Land-based Smart Weapons Market Report by Product (Ammunitions, Missiles, and Others), Technology (Satellite Guidance, Radar Guidance, Infrared Guidance, Laser Guidance, and Others), and Region 2024-2032

March 2024 | 141 pages | ID: L8D1C8929891EN
IMARC Group

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The global land-based smart weapons market size reached US$ 4.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.25% during 2024-2032. The rising prevalence of geopolitical tensions, terrorism, and political unrest, the growing need for accuracy and precision in targeting enemy assets, and considerable rise in international arms trade represent some of the key factors driving the market.

Land-based smart weapons refer to advanced military weapons that are designed to engage targets accurately and effectively on land using advanced guidance systems and other technologies. Normally deployed on ground-based platforms, like vehicles or stationary launchers, these weapons can be used to execute tactical and strategic missions. GPS, laser designation, and other advanced guidance technologies are used to direct guided missiles, rockets, and artillery shells on land. The flight paths of these weapons can often be adjusted in real-time to avoid obstacles, make a clear aim, and ensure that the intended target is hit precisely. In addition to minimizing collateral damage and reducing personnel risks, land-based smart weapons improve mission effectiveness and minimize collateral damage. Land-based smart weapons can be cost-effective compared to other weapon systems, as they can reduce the number of munitions needed to achieve mission objectives. To minimize civilian casualties and minimize damage to infrastructure, these weapons are extensively utilized in urban environments.

Land-based Smart Weapons Market Trends:
The global market is primarily driven by the growing need for accuracy and precision in targeting enemy assets, including vehicles, buildings, and individuals. This can be attributed to the increasing geopolitical tensions and political unrest across the globe. In line with this, the rising military expenditure by governments of several countries to upgrade existing weapon systems and maintain military readiness is providing an impetus to the market. Moreover, numerous technological advancements, such as the integration of GPS, artificial intelligence (AI), laser guidance systems, and advanced sensors providing greater flexibility and lethality, are resulting in a higher uptake of these weapons. Besides this, the paradigm shift in modern warfare with a hybrid, asymmetric and urbanized nature is driving the demand for land-based smart weapons for minimizing collateral damage. The market is further fueled by the considerable rise in international arms trade and military modernization programs. Apart from this, the escalating incidences of insurgency and terrorism across the globe is leading to rising security concerns, which, in turn, is fueling the demand for advanced land-based smart weapons. Some of the other factors contributing to the market include rapid urbanization, inflating disposable income levels, implementation of stringent policies regarding national security, and extensive research and development (R&D) activities.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global land-based smart weapons market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product and technology.

Product Insights:
Ammunitions
Missiles
Others

The report has provided a detailed breakup and analysis of the land-based smart weapons market based on the product. This includes ammunitions, missiles, and others. According to the report, missiles represented the largest segment.

Technology Insights:

Satellite Guidance
Radar Guidance
Infrared Guidance
Laser Guidance
Others

A detailed breakup and analysis of the land-based smart weapons market based on the technology has also been provided in the report. This includes satellite guidance, radar guidance, infrared guidance, laser guidance, and others. According to the report, satellite guidance accounted for the largest market share.

Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for land-based smart weapons. Some of the factors driving the North America land-based smart weapons market included high military expenditure, numerous technological advancements, inflating disposable income levels, implementation of stringent policies regarding national security, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global land-based smart weapons market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Aselsan A.S. (Turkish Armed Forces Foundation), BAE Systems plc, Israel Aerospace Industries, Lockheed Martin Corporation, MBDA Systems, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Safran SA, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. How big is the global land-based smart weapons market?
2. What is the expected growth rate of the global land-based smart weapons market during 2024-2032?
3. What are the key factors driving the global land-based smart weapons market?
4. What has been the impact of COVID-19 on the global land-based smart weapons market?
5. What is the breakup of the global land-based smart weapons market based on the product?
6. What is the breakup of the global land-based smart weapons market based on the technology?
7. What are the key regions in the global land-based smart weapons market?
8. Who are the key players/companies in the global land-based smart weapons market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL LAND-BASED SMART WEAPONS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Ammunitions
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Missiles
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Satellite Guidance
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Radar Guidance
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Infrared Guidance
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Laser Guidance
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 DRIVERS, RESTRAINTS, AND OPPORTUNITIES

9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 Aselsan A.S. (Turkish Armed Forces Foundation)
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
  13.3.2 BAE Systems plc
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 Financials
    13.3.2.4 SWOT Analysis
  13.3.3 Israel Aerospace Industries
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
  13.3.4 Lockheed Martin Corporation
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
    13.3.4.4 SWOT Analysis
  13.3.5 MBDA Systems
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6 Northrop Grumman Corporation
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 Financials
    13.3.6.4 SWOT Analysis
  13.3.7 Rafael Advanced Defense Systems Ltd.
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
  13.3.8 Raytheon Technologies Corporation
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 Financials
    13.3.8.4 SWOT Analysis
  13.3.9 Safran SA
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
    13.3.9.3 Financials
    13.3.9.4 SWOT Analysis
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

LIST OF TABLES

Table 1: Global: Land-based Smart Weapons Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Land-based Smart Weapons Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Land-based Smart Weapons Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Land-based Smart Weapons Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Land-based Smart Weapons Market: Competitive Structure
Table 6: Global: Land-based Smart Weapons Market: Key Players

LIST OF FIGURES

Figure 1: Global: Land-based Smart Weapons Market: Major Drivers and Challenges
Figure 2: Global: Land-based Smart Weapons Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Land-based Smart Weapons Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Land-based Smart Weapons Market: Breakup by Product (in %), 2023
Figure 5: Global: Land-based Smart Weapons Market: Breakup by Technology (in %), 2023
Figure 6: Global: Land-based Smart Weapons Market: Breakup by Region (in %), 2023
Figure 7: Global: Land-based Smart Weapons (Ammunitions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Land-based Smart Weapons (Ammunitions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Land-based Smart Weapons (Missiles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Land-based Smart Weapons (Missiles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Land-based Smart Weapons (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Land-based Smart Weapons (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Land-based Smart Weapons (Satellite Guidance) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Land-based Smart Weapons (Satellite Guidance) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Land-based Smart Weapons (Radar Guidance) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Land-based Smart Weapons (Radar Guidance) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Land-based Smart Weapons (Infrared Guidance) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Land-based Smart Weapons (Infrared Guidance) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Land-based Smart Weapons (Laser Guidance) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Land-based Smart Weapons (Laser Guidance) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Land-based Smart Weapons (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Land-based Smart Weapons (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: North America: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: North America: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: United States: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: United States: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Canada: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Canada: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Asia-Pacific: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Asia-Pacific: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: China: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: China: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Japan: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Japan: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: India: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: India: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: South Korea: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: South Korea: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Australia: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Australia: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Indonesia: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Indonesia: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Others: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Others: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Europe: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Europe: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Germany: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Germany: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: France: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: France: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: United Kingdom: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: United Kingdom: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Italy: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Italy: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Spain: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Spain: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Russia: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Russia: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Latin America: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Latin America: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Brazil: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Brazil: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Mexico: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Mexico: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Middle East and Africa: Land-based Smart Weapons Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Middle East and Africa: Land-based Smart Weapons Market: Breakup by Country (in %), 2023
Figure 71: Middle East and Africa: Land-based Smart Weapons Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Global: Land-based Smart Weapons Industry: Drivers, Restraints, and Opportunities
Figure 73: Global: Land-based Smart Weapons Industry: Value Chain Analysis
Figure 74: Global: Land-based Smart Weapons Industry: Porter's Five Forces Analysis


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