Learn about the global smart weapons market through The Business Research Company, which provides information on smart weapons market size, smart weapons market drivers and restraints, smart weapons market players, the COVID-19 impact on the smart weapons market, and more.

The global smart weapons market size is expected to grow from $12.56 billion in 2021 to $13.21 billion in 2022 at a compound annual growth rate (CAGR) of 5.14%. The growth in the market is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global smart weapon market size is expected to reach $16.80 billion in 2026 at a CAGR of 6.20%.

The increasing global and regional instability is driving the growth of the smart weapons market.

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The smart weapon market consists of sales of smart weapons by entities (organizations, sole traders, and partnerships) that are computer-guided weapons embedded with sensors and guided systems. These precision-guided weapons can hit targets with high accuracy and precision and are operated remotely, assisted by the use of external operating systems.

Global Smart Weapons Market Segments Include:
By Type: Air-to-Ground Missiles, Surface-to-Air Missiles, Smart Bombs, Sensor Fused Weapons, Directed Energy Weapons, Precision Artillery Munitions, Electromagnetic Pulse Weapons, Smart Bullets, Others

By Platform: Air, Naval, Land

By Technology: Laser Guidance, Infrared Guidance, Radar Guidance, Satellite Guidance
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the smart weapons market in 2021 and is also expected to be the fastest-growing region in the global smart weapons market during the forecast period.

Increasing strategic partnerships and collaborations is a key trend gaining popularity in the smart weapons market.

TBRC’s smart weapons market report covers:

Major Market Players: Lockheed Martin, MBDA, Inc., Orbital ATK, General Dynamics Corporation, BAE Systems, The Boeing Co., Textron, Inc., MBDA, Northrop Grumman, Raytheon Company, Rheinmetall AG, Thales Group, Israel Aerospace Industries, Denel Dynamics, Rafael Advanced Defense Systems Ltd. BAE Systems, L-3 Fuzing And Ordnance Systems Inc., L3Harris Technologies Inc., Alliant Techsystems Inc., Airbus Group, Leonardo-Finmeccanica, Saab AB, Aselsan A.S., Diehl Stiftung & Co. KG, General Dynamics, OTO Melara S.P.A, United Technologies Corporation, China Aerospace Science & Industry Corp, Orbital ATK, Textron Inc., IAI, and Rafael Advanced Defense Systems Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Smart Weapons Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides smart weapons market overviews, analyzes and forecasts market size, share, smart weapons market players, smart weapons market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s smart weapons market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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