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DATE
SEP 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.
SELECT PLAYERS
Axon Enterprise; BAE Systems PLC; Denel SOC Ltd.; General Dynamics Corporation; Israel Aerospace Industries Ltd.; Kongsberg Gruppen ASA; 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
SEGMENTS
» 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)
GEOGRAPHIES
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World
KEY DIFFERENTIATORS
* A review of 262 off-the-shelf market report publishers worldwide.
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INSIDER ACCESS PRIVILEGES
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE |
II. EXECUTIVE SUMMARY |
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 |
III. MARKET ANALYSIS |
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 |
IV. COMPETITION |
Total Companies Profiled : 49 Click here to request a full table of contents and more details on this project. |
KEY DIFFERENTIATORS
* A review of 262 off-the-shelf market report publishers worldwide.
WHAT SETS US APART
Client companies can access multiple features on our MarketGlass™ platform.
Clients have full-stack insider access to our ongoing primary research program. We have a very successful incentive driven primary research program that benefits participating executives regardless of their purchase decision. Our platform presents a unique opportunity to collaborate with peers and review competitors’ inputs and response clusters.
Detailed engagement stats are presented for every company and executive contacted. This is made available for our client reviews. (no other publisher offers this!)
A full-stack access to clients of all primary and secondary source content. This can often run into thousands of pages.
Where relevent and possible we present competitive brands.
Peer-to-peer online interactive collaborations. Allows for team curated bespoke analytics.
Customers can update and build bespoke versions of our analytics. Bespoke updates are fulfilled within a two-day turnaround.
Discretely bounce off queries to participant pool of executives. Our embedded AI selectively pings participants geographically and by domain acumen.
We pride in our commitment to provide support to our clients. We go beyond the scope of the study to get you timely answers.
Unlike the industry’s published PDF’s that are frozen in time from date of release, our research programs are ongoing and dynamic. Our reports are updated whenever there’s a major event impacting the marketplace. Your license offers seamless updates for one year.
All updates are offered for one year from date of your purchase without charge. Clients can opt for annual auto renewal and stay current without interruption.
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