Smart Weapons Market Size - By Weapon Type, By Technology (Infrared, Laser, Global Positioning System, Radar), By End Use & Forecast, 2023

Description

List of Tables

Global Smart Weapons Market will witness over 6% CAGR between 2023 and 2032, fueled by increasing military usage and rapid technological advancements. As modern warfare evolves, there is a growing emphasis on precision, accuracy, and reduced collateral damage. Smart weapons, incorporating advanced guidance systems and targeting technologies, meet these requirements, enhancing military capabilities.

Against this backdrop, in November 2023, Raytheon, a business under RTX, announced the successful integration of its StormBreaker smart weapon onto the F/A-18E/F Super Hornet for the U.S. Navy. The F/A-18 became the first approved U.S. Navy aircraft equipped with StormBreaker. Leveraging insights from F-15E fielding, Raytheon streamlined the testing process, saving valuable time and resources. Paul Ferraro, President of Air Power at Raytheon, highlighted StormBreaker's exceptional capabilities, showcasing the integration of digital technologies to provide advanced air dominance weaponry, ensuring the ongoing effectiveness of fourth-generation aircraft. The escalating global security concerns drive the smart weapons market demand as a vital player in the defense industry, adapting to the changing landscape with cutting-edge innovations.

The overall Smart Weapons Market is classified based on technology, end-use, and region.

Infrared segment will undergo significant development from 2023 to 2032. With advancements in infrared sensors and targeting systems, smart weapons exhibit enhanced precision and effectiveness. Military applications increasingly rely on infrared technology to improve target identification and engagement, making it a pivotal factor fueling the smart weapons market growth globally and reinforcing their role in modern warfare strategies.

Airborne segment will register a noteworthy CAGR from 2023 to 2032. With the evolution of aerial warfare and the need for precise targeting, smart weapons have become integral to airborne military operations. Advanced guidance systems and targeting technologies enhance the effectiveness of these weapons, meeting the strategic requirements of modern air forces. The rising demand for airborne smart weapons underscores their critical role in the smart weapons market share.

Europe smart weapons market will showcase an appreciable CAGR from 2023 to 2032. As European nations modernize their defense capabilities, there is a growing emphasis on precision-guided weaponry for enhanced military effectiveness. The geopolitical landscape and security concerns drive the adoption of smart weapons, making Europe a key market for these advanced technologies that offer improved accuracy, reduced collateral damage, and increased operational efficiency in military operations.

In addition, rising innovations in smart weapons in the region also support market growth. For instance, In November 2023, Fabrique Nationale Herstal (FN Herstal), a prominent European arms manufacturer, introduced an innovative less-lethal "AI smart-gun" designed to reduce the risk of fatal incidents in crowd control and public safety operations. The Smart ProtectoR-303T, as per FN, utilizes advanced artificial intelligence and imaging sensor technology to intelligently prevent projectiles from being discharged toward a person's head.

Product Code: 3048

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation.
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources.
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Smart weapons market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Weapon type trends
2.5 Technology trends
2.6 End-use trends

Chapter 3 Smart Weapons Market Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Continuous growth in global arms trade
  - 3.10.1.2 Large investments from government
  - 3.10.1.3 Ongoing advancements in technology
  - 3.10.1.4 Modernization of armed forces
  - 3.10.1.5 Improved operational efficiency and effectiveness of military forces
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 High interference of government regulatory bodies
  - 3.10.2.2 Export controls and regulations are limiting the growth
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Company 1
- 4.3.2 Company 2
- 4.3.3 Company 3
- 4.3.4 Company 4
- 4.3.5 Company 5
- 4.3.6 Company 6
- 4.3.7 Company 7
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Smart Weapons Market, By Weapon type (USD Million)

5.1 Key trends, by Weapon type
5.2 Missiles
5.3 Munitions
5.4 Guided rockets
5.5 Guided projectiles
5.6 Guided firearms
5.7 Directed Energy Weapons

Chapter 6 Smart Weapons Market, By Technology

6.1 Key trends, by Technology
6.2 Laser
6.3 Infrared
6.4 Radar
6.5 GPS
6.6 Others

Chapter 7 Smart weapons Market, By End-use

7.1 Key trends, by End-use.
7.2 Land
7.3 Airborne
7.4 Naval

Chapter 8 Smart weapons Market, By Region

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Israel
- 8.6.5 Rest of MEA

Chapter 9 Company Profiles

9.1 BAE Systems Plc.
9.2 Elbit Systems Ltd.
9.3 General Dynamics Corporation
9.4 Israel Aerospace Industries Ltd.
9.5 L3Harris Technologies Inc.
9.6 Leonardo S.p.A.
9.7 Lockheed Martin Corporation
9.8 MBDA
9.9 Mitsubishi Heavy Industries, Ltd.
9.10 Northrop Grumman Corporation
9.11 Raytheon Technologies Corporation
9.12 Rheinmetall AG
9.13 Saab AB
9.14 Textron Inc.
9.15 Thales Group
9.16 The Boeing Company