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SMART WEAPONS

Global Market Trajectory & Analytics

MCP-7086

VALIDATED EXECUTIVE ENGAGEMENTS

POOL + OUTREACH

12496
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

1502
Interactions with Platform & by Email

PARTICIPANTS

373
Unique # Participated

VALIDATIONS

168
Responses Validated*
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DATE

SEPTEMBER 2020

TABLES

106

PAGES

396

EDITION

15

PRICE

USD $5600


The global market for Smart Weapons is projected to reach US$120.8 billion by 2025, trailing a CAGR of 11.3% over the analysis period 2018 to 2025. The projected growth will be driven by the escalating global arms race and the ensuing focus on defense spending by countries across the world. Defense spending have and will continue to be supported by rapidly mushrooming hotspots of terrorism, civil strife, cross-border hostilities, expansionist and aggressive protective economic policies; and spike in insurgency. Military weaponry has evolved considerably from the rudimentary cannons and muskets of the 18th century to sophisticated weaponry in sync with the varying dynamics of modern warfare. Nations across the globe are vying to augment their military might with leading-edge weapons technologies, systems, and components, as well as state-of-the-art microelectronics, and advanced nuclear, biological, chemical, cyber- and space-based warfare capabilities. As a result, the priority of military commands is shifting from acquiring advanced hardware to acquiring the capabilities that enable the most strategic deployment of military hardware. Geopolitical and economic factors are driving the commoditization of these technologies that were once the exclusive dominion of a handful of global superpowers, and making such capabilities available to almost every state and non-state organization in the world representing the primary growth driver for the smart weapons market.


Smart Weapons, also called Precision-Guided Munitions (PGMs), are a category of weapons systems designed for striking pre-decided targets with pinpoint accuracy in order to maximize the application of explosive force on the target, while minimizing collateral damage and military personnel casualties. PGMs incorporate on-board computer systems and laser, TV or satellite guidance systems that enable the smart weapon to lock-on to a target specified by military personnel, and steer themselves along the trajectory towards the target. Germany was pioneer in the use of PGMs for combat, with the introduction of the 1,400-kg MCLOS-guidance Fritz X weapon in the attack on an Italian battleship Roma in mid-1943. Following a brief hiatus, the US military also restarted the development of radio-guided rockets during the Korean War. Various benefits of sophisticated, digital, intelligent, and accurate smart weapons that is driving its widespread adoption include its extraordinary efficiency and effectiveness in achieving higher target rate; higher mobility; reduced direct contact; the minimal need for human operators; and the superiority it offers over opposing military forces.


Major trends in the market influencing growth include growing interest in imaging infrared technology in IR missile guidance; rising demand for precision guided weapons and munitions as the future battlefield requires more smarter firepower, greater range and reduced risks to military personnel; rising demand for airborne and surface-to-air missile systems, self-propelled artillery and sensor-fused sub-munitions for defeating armored vehicles; and substitution of unguided cluster bombs with sensor fused weapons. Given the high cost of missed targets in warfare, the market is expected to benefit from innovations critical to future battle space needs such as weapons effective even in RF- and GPS-denied environments; rugged network connectivity including adaptive processing and signals intelligence; and scalability for future upgrades. The United States represents the largest market worldwide by virtue of being a political superpower with advanced military force, presence of leading advanced technology developers, large military budget allocations and favorable regulatory environment. Asia-Pacific including China ranks as the fastest growing market supported by mounting defense spending for supporting large-scale military modernization programs in China and India; escalating cross-border skirmishes, and the increasing threat of militants and extremists in the region.

Axon Enterprise; BAE Systems PLC; Curtiss-Wright Corporation; Denel SOC Ltd.; General Dynamics Corporation; Harris Corporation; Israel Aerospace Industries Ltd.; Kongsberg Gruppen ASA; L3 Technologies, Inc.; Leonardo SpA; Lockheed Martin Corporation; MBDA France; Nexter Group; NORINCO; Northrop Grumman Corporation; QinetiQ Group PLC; Rafael Advanced Defense Systems Ltd.; Raytheon Company; Rheinmetall AG; Roketsan AS; Safran Electronics & Defense; Textron Inc.; Thales Group; The Boeing Company
» Type (Air-to-Ground Missiles, Surface-to-Air Missiles, Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons, Precision Artillery Munitions, Other Types) » Technology (Infrared, Laser, Radar, GPS, Other Technologies) » Platform (Land, Air, Naval)
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

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05
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
An Introduction to Smart Weapons
Missiles
Directed-Energy Weapons
Smart Bombs
Sensor Fuzed Weapons
Precision Artillery Munitions
Other Types of Smart Weapons
Smart Weapons: Augmenting National Defense with Intelligent, Accurate, and Digital Technologies
Recent Market Activity
Ushering a New Era of AI-Driven Self-aware Systems, Smart Weapons Seek to Widen Role in Modern Warfare
Changing Realities of Modern Warfare: A Brief Overview
Market Dynamics
Technical Superiority over Conventional Weaponry Widens Scope & Span of Smart Weapons
Robust Demand Projected for Smart Weapons over the Coming Years
Developed Regions Remain Primary Revenue Contributors
EXHIBIT: Developed Regions Account for 2/3rd Share of World Smart Weapons Market: Percentage Breakdown of Sales for Developed and Developing Regions (2019 & 2025)
North America Makes Major Contribution to Smart Weapons Market
Fast Paced Growth Forecasts in Asia-Pacific & Other Developing Regions
EXHIBIT: Global Market for Smart Weapons - Geographic Regions Ranked by % CAGR (Sales) for 2018-2025
Munitions Type and Infrared Technology: Key Segments of Smart Weapons Market
Prevailing Economic Scenario Favors Market Expansion
EXHIBIT: Global Economic Outlook: Real GDP Growth Rates (%) by Region/Country for the Years 2018 through 2021
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Changing Face of Warfare Ignites Global Demand for Smart Weapons
Rising R&D Spending and Adoption of Smart Weapons to Drive Market
Smart Weapons Present High-Precision Options for Modern Warfare
Laser Guided Bombs (LGBs)
Satellite-Guided Weapons
Surging Defense & Military Expenditures Worldwide: Cornerstone for Present & Future Growth
The US & Europe Steer Global Military Spending
EXHIBIT: Ever-Present Threat to Public Liberty & the Resulting Increase in Defense Spending for Peace as well as War to Indirectly Spur Growth in Demand for Smart Weapons: Global Military Spending (in US$ Billion) for the Years 2014 through 2018
EXHIBIT: Top Countries with Military Spending in USD Billion: 2019
Escalating Global Arms Race Provides the Perfect Platform for Market Expansion
Artificial Intelligence and Emerging Technologies to Shape the Future of Smart Weaponry
AI for Smart Weapons
Growing Significance of AI
Fully-Autonomous Smart Weapons on Battlefield
Successful Deployments of Smart Bombs Drive Robust Demand
Precision Guided Munitions Offer Lucrative Growth Opportunities
Demand for Airborne and Surface-to-Air Missile Systems Gain Momentum
Imaging Infrared Technology Finds Favor in IR Missile Guidance
Satellite Guidance Emerge as the Preferred Medium of Land Attack Cruise Missile Guidance
Directed Energy Weapons (DEW) Set to Transform Electronic Warfare
Sensor Fuzed Weapons to Substitute Unguided Cluster Bombs, Bodes Well for Market Adoption
Sensor Fuzed Weapons: From Undiscriminating Weapons to Highly Discriminating and Effective Systems
Smart Gun & Personalized Gun Technologies Offering Higher Accuracy and Safety to Become Mainstream
Directed Energy Weapons to Witness Growth in Demand
Technological Innovations & Advancements Maintain Robust Momentum
Resolving Prevailing Challenges: Critical for Future Success
Leveraging Existing Designs and Using Low-Cost Materials: An Apt Solution to the High Cost Concern
Military Cooperation: A Double-Edged Sword?
4. GLOBAL MARKET PERSPECTIVE
Smart Weapons Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
Smart Weapons Market Share Shift across Key Geographies Worldwide: 2019 VS 2025
Air-to-Ground Missiles (Type) World Market by Region/Country in US$ Million: 2018 to 2025
Air-to-Ground Missiles (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025
Surface-to-Air Missiles (Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025
Surface-to-Air Missiles (Type) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025
Directed Energy Weapons (Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025
Directed Energy Weapons (Type) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Smart Bombs (Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025
Smart Bombs (Type) Market Share Breakdown by Region/Country: 2019 VS 2025
Sensor Fused Weapons (Type) World Market by Region/Country in US$ Million: 2018 to 2025
Sensor Fused Weapons (Type) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Precision Artillery Munitions (Type) World Market Estimates and Forecasts in US$ Million by Region/Country: 2018 to 2025
Precision Artillery Munitions (Type) Market Percentage Share Distribution by Region/Country: 2019 VS 2025
Other Types (Type) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2018 to 2025
Other Types (Type) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Infrared (Technology) World Market by Region/Country in US$ Million: 2018 to 2025
Infrared (Technology) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025
Laser (Technology) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025
Laser (Technology) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025
Radar (Technology) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025
Radar (Technology) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
GPS (Technology) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025
GPS (Technology) Market Share Breakdown by Region/Country: 2019 VS 2025
Other Technologies (Technology) World Market by Region/Country in US$ Million: 2018 to 2025
Other Technologies (Technology) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Land (Platform) World Market Estimates and Forecasts in US$ Million by Region/Country: 2018 to 2025
Land (Platform) Market Percentage Share Distribution by Region/Country: 2019 VS 2025
Air (Platform) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2018 to 2025
Air (Platform) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025
Naval (Platform) World Market by Region/Country in US$ Million: 2018 to 2025
Naval (Platform) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025
GEOGRAPHIC MARKET ANALYSIS
United States
United States Smart Weapons Market Estimates and Projections in US$ Million by Type: 2018 to 2025
United States Smart Weapons Market Share Breakdown by Type: 2019 VS 2025
Smart Weapons Market in US$ Million in the United States by Technology: 2018-2025
United States Smart Weapons Market Share Breakdown by Technology: 2019 VS 2025
Smart Weapons Market in US$ Million in the United States by Platform: 2018-2025
United States Smart Weapons Market Share Breakdown by Platform: 2019 VS 2025
Canada
Canadian Smart Weapons Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025
Smart Weapons Market in Canada: Percentage Share Breakdown of Sales by Type for 2019 and 2025
Smart Weapons Market Analysis in Canada in US$ Million by Technology: 2018-2025
Canadian Smart Weapons Market Share Breakdown by Technology: 2019 VS 2025
Smart Weapons Market Analysis in Canada in US$ Million by Platform: 2018-2025
Canadian Smart Weapons Market Share Breakdown by Platform: 2019 VS 2025
Japan
Japanese Market for Smart Weapons: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025
Japanese Smart Weapons Market Share Analysis by Type: 2019 VS 2025
Japanese Medium & Long-Term Outlook for Smart Weapons Market in US$ Million by Technology: 2018-2025
Japanese Smart Weapons Market Percentage Share Distribution by Technology: 2019 VS 2025
Japanese Medium & Long-Term Outlook for Smart Weapons Market in US$ Million by Platform: 2018-2025
Japanese Smart Weapons Market Percentage Share Distribution by Platform: 2019 VS 2025
China
Chinese Smart Weapons Market Growth Prospects in US$ Million by Type for the Period 2018-2025
Chinese Smart Weapons Market by Type: Percentage Breakdown of Sales for 2019 and 2025
Smart Weapons Market Estimates and Forecasts in China in US$ Million by Technology: 2018-2025
Smart Weapons Market in China: Percentage Share Analysis by Technology for 2019 and 2025
Smart Weapons Market Estimates and Forecasts in China in US$ Million by Platform: 2018-2025
Smart Weapons Market in China: Percentage Share Analysis by Platform for 2019 and 2025
Europe
European Smart Weapons Market Demand Scenario in US$ Million by Region/Country: 2018-2025
European Smart Weapons Market Share Shift by Region/Country: 2019 VS 2025
European Smart Weapons Market Estimates and Forecasts in US$ Million by Type: 2018-2025
European Smart Weapons Market Share Breakdown by Type: 2019 VS 2025
European Smart Weapons Market Assessment in US$ Million by Technology: 2018-2025
Smart Weapons Market in Europe: Percentage Breakdown of Sales by Technology for 2019 and 2025
European Smart Weapons Market Assessment in US$ Million by Platform: 2018-2025
Smart Weapons Market in Europe: Percentage Breakdown of Sales by Platform for 2019 and 2025
France
Smart Weapons Market in France by Type: Estimates and Projections in US$ Million for the Period 2018-2025
French Smart Weapons Market Share Analysis by Type: 2019 VS 2025
French Smart Weapons Market Estimates and Projections in US$ Million by Technology: 2018-2025
French Smart Weapons Market Share Breakdown by Technology: 2019 VS 2025
French Smart Weapons Market Estimates and Projections in US$ Million by Platform: 2018-2025
French Smart Weapons Market Share Breakdown by Platform: 2019 VS 2025
Germany
Smart Weapons Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2018-2025
German Smart Weapons Market Share Breakdown by Type: 2019 VS 2025
German Smart Weapons Latent Demand Forecasts in US$ Million by Technology: 2018-2025
German Smart Weapons Market Share Breakdown by Technology: 2019 VS 2025
German Smart Weapons Latent Demand Forecasts in US$ Million by Platform: 2018-2025
German Smart Weapons Market Share Breakdown by Platform: 2019 VS 2025
Italy
Italian Smart Weapons Market Growth Prospects in US$ Million by Type for the Period 2018-2025
Italian Smart Weapons Market by Type: Percentage Breakdown of Sales for 2019 and 2025
Smart Weapons Market Estimates and Forecasts in Italy in US$ Million by Technology: 2018-2025
Smart Weapons Market in Italy: Percentage Share Analysis by Technology for 2019 and 2025
Smart Weapons Market Estimates and Forecasts in Italy in US$ Million by Platform: 2018-2025
Smart Weapons Market in Italy: Percentage Share Analysis by Platform for 2019 and 2025
United Kingdom
United Kingdom Market for Smart Weapons: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025
United Kingdom Smart Weapons Market Share Analysis by Type: 2019 VS 2025
United Kingdom Medium & Long-Term Outlook for Smart Weapons Market in US$ Million by Technology: 2018-2025
United Kingdom Smart Weapons Market Percentage Share Distribution by Technology: 2019 VS 2025
United Kingdom Medium & Long-Term Outlook for Smart Weapons Market in US$ Million by Platform: 2018-2025
United Kingdom Smart Weapons Market Percentage Share Distribution by Platform: 2019 VS 2025
Rest of Europe
Rest of Europe Smart Weapons Market Estimates and Forecasts in US$ Million by Type: 2018-2025
Rest of Europe Smart Weapons Market Share Breakdown by Type: 2019 VS 2025
Rest of Europe Smart Weapons Market Assessment in US$ Million by Technology: 2018-2025
Smart Weapons Market in Rest of Europe: Percentage Breakdown of Sales by Technology for 2019 and 2025
Rest of Europe Smart Weapons Market Assessment in US$ Million by Platform: 2018-2025
Smart Weapons Market in Rest of Europe: Percentage Breakdown of Sales by Platform for 2019 and 2025
Asia-Pacific
Smart Weapons Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2018-2025
Asia-Pacific Smart Weapons Market Share Analysis by Type: 2019 VS 2025
Asia-Pacific Smart Weapons Market Estimates and Projections in US$ Million by Technology: 2018-2025
Asia-Pacific Smart Weapons Historic Market Analysis in US$ Million by Technology: 2019 VS 2025
Asia-Pacific Smart Weapons Market Estimates and Projections in US$ Million by Platform: 2018-2025
Asia-Pacific Smart Weapons Historic Market Analysis in US$ Million by Platform: 2019 VS 2025
Rest of World
Rest of World Smart Weapons Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025
Smart Weapons Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2019 and 2025
Smart Weapons Market Analysis in Rest of World in US$ Million by Technology: 2018-2025
Rest of World Smart Weapons Market Share Breakdown by Technology: 2019 VS 2025
Smart Weapons Market Analysis in Rest of World in US$ Million by Platform: 2018-2025
Rest of World Smart Weapons Market Share Breakdown by Platform: 2019 VS 2025
Total Companies Profiled : 49

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