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Report
Smart Weapons Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 143 Pages I IMARC Group
The global smart weapons market size reached US$ 17.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.89% during 2022-2028.
Smart weapons are computer-guided munitions that can hit a target with high accuracy using bullets, land mines, and onboard computers. They are equipped with technologies like laser, television, satellite guidance system, artificial intelligence (AI), and machine learning (ML). These advanced technologies aid military personnel in dealing with combatants on the battlefield and eliminating or reducing the collateral damage. Smart weapons can be programmed to filter unwanted signals in multiple-signal environments and find a specific target on a battlefield.
Smart Weapons Market Trends:
Due to rising geopolitical tensions between countries, military organizations in different parts of the world are focusing on upgrading the existing firefighting equipment of the armed forces. This represents one of the significant factors catalyzing the need for digital innovation and transformation of weapons. Smart weapons assist in analyzing battlefield situations on land, at sea, and in the air. Moreover, advanced technologies can be embedded in electronic warfare (EW) systems to provide augmented reality (AR) information to operators. In line with this, defense research and development (R&D) organizations are developing fully automated smart weapons that can make decisions on strike or self-respond. For instance, the Defense Advanced Research Projects Agency (DARPA), an agency of the United States Department of Defense, funded six organizations to support the Next-Generation Nonsurgical Neurotechnology (N3) program. This program aims at developing high-resolution, bidirectional brain-machine interfaces that can enable diverse national security applications. These applications include controlling active cyber defense systems, multitasking during complex missions, and swarms of unmanned aerial vehicles (UAVs). In addition, the increasing spending on the modernization of the defense sector is driving the market for smart weapons across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart weapons market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, technology and platform.
Breakup by Type:
Missiles
Anti-Tank Missiles and Standoff Missiles
Air-to-Air and Air-to-Surface Missiles
Anti-Ship and Anti-Submarine Missiles
Munitions
Guided Bombs
Target Pods
Guided Projectiles
Artillery Shells
Mortar Rounds
Guided Rockets
Anti-Tank and Tactical Rockets
Air-to-Air and Air-to-Surface
Anti-Submarine
Precision Guided Firearms
Small Smart Weapons
Shoulder Fired Weapons
Smart Guns
Breakup by Technology:
Satellite Guidance
Radar Guidance
Infrared Guidance
Laser Guidance
Breakup by Platform:
Land-based
Sea/Naval
Air
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, BAE Systems, General Dynamics Corporation, Israel Aerospace Industries, L3Harris Technologies Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Thales Group and The Boeing Company.
Key Questions Answered in This Report:
How has the global smart weapons market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart weapons market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the platform?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart weapons market and who are the key players?
What is the degree of competition in the industry?
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 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 Type
6.1 Missiles
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Anti-Tank Missiles and Standoff Missiles
6.1.2.2 Air-to-Air and Air-to-Surface Missiles
6.1.2.3 Anti-Ship and Anti-Submarine Missiles
6.1.3 Market Forecast
6.2 Munitions
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Guided Bombs
6.2.2.2 Target Pods
6.2.3 Market Forecast
6.3 Guided Projectiles
6.3.1 Market Trends
6.3.2 Key Segments
6.3.2.1 Artillery Shells
6.3.2.2 Mortar Rounds
6.3.3 Market Forecast
6.4 Guided Rockets
6.4.1 Market Trends
6.4.2 Key Segments
6.4.2.1 Anti-Tank and Tactical Rockets
6.4.2.2 Air-to-Air and Air-to-Surface
6.4.2.3 Anti-Submarine
6.4.3 Market Forecast
6.5 Precision Guided Firearms
6.5.1 Market Trends
6.5.2 Key Segments
6.5.2.1 Small Smart Weapons
6.5.2.2 Shoulder Fired Weapons
6.5.2.3 Smart Guns
6.5.3 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
8 Market Breakup by Platform
8.1 Land
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Sea/Naval
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Air
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Airbus SE
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 BAE Systems
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 General Dynamics Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Israel Aerospace Industries
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 L3Harris Technologies Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Lockheed Martin Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Northrop Grumman Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Rafael Advanced Defense Systems Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Raytheon Technologies Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Thales Group
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 The Boeing Company
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
Figure 1: Global: Smart Weapons Market: Major Drivers and Challenges
Figure 2: Global: Smart Weapons Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Smart Weapons Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Smart Weapons Market: Breakup by Type (in %), 2022
Figure 5: Global: Smart Weapons Market: Breakup by Technology (in %), 2022
Figure 6: Global: Smart Weapons Market: Breakup by Platform (in %), 2022
Figure 7: Global: Smart Weapons Market: Breakup by Region (in %), 2022
Figure 8: Global: Smart Weapons (Missiles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Smart Weapons (Missiles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Smart Weapons (Munitions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Smart Weapons (Munitions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Smart Weapons (Guided Projectiles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Smart Weapons (Guided Projectiles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Smart Weapons (Guided Rockets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Smart Weapons (Guided Rockets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Smart Weapons (Precision Guided Firearms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Smart Weapons (Precision Guided Firearms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Smart Weapons (Satellite Guidance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Smart Weapons (Satellite Guidance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Smart Weapons (Radar Guidance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Smart Weapons (Radar Guidance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Smart Weapons (Infrared Guidance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Smart Weapons (Infrared Guidance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Smart Weapons (Laser Guidance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Smart Weapons (Laser Guidance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Smart Weapons (Land) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Smart Weapons (Land) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Smart Weapons (Sea/Naval) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Smart Weapons (Sea/Naval) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Smart Weapons (Air) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Smart Weapons (Air) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: North America: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: North America: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: United States: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: United States: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Canada: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Canada: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia-Pacific: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Asia-Pacific: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: China: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: China: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Japan: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Japan: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: India: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: India: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: South Korea: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: South Korea: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Australia: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Australia: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Indonesia: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Indonesia: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Others: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Others: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Europe: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Europe: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Germany: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Germany: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: France: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: France: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: United Kingdom: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: United Kingdom: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Italy: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Italy: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Spain: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Spain: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Russia: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Russia: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Latin America: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Latin America: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Brazil: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Brazil: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Mexico: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Mexico: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Middle East and Africa: Smart Weapons Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Middle East and Africa: Smart Weapons Market: Breakup by Country (in %), 2022
Figure 80: Middle East and Africa: Smart Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Global: Smart Weapons Industry: SWOT Analysis
Figure 82: Global: Smart Weapons Industry: Value Chain Analysis
Figure 83: Global: Smart Weapons Industry: Porter's Five Forces Analysis
Table 1: Global: Smart Weapons Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Smart Weapons Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Smart Weapons Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Smart Weapons Market Forecast: Breakup by Platform (in Million US$), 2023-2028
Table 5: Global: Smart Weapons Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Smart Weapons Market: Competitive Structure
Table 7: Global: Smart Weapons Market: Key Players
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