The study covers a detailed analysis segmented by key business segments i.e. by type (Missiles, Guided Rockets, Ammunition, Guided Projectiles, Guided Firearms and Others) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Military Smart Weapons market throughout the predicted period.
What is Military Smart Weapons?
Military smart weapons are modern weapon systems that are able to guide themselves to the target with the help of on-board computers. Weapons such as bombs and projectiles guided by lasers have higher accuracy in hitting the target as compared to normal weapons. Increasing demand for anti-tank missile systems by the United States government, serves as a key driver for the growth of the land segment of the market, by the platform. The US Department of Defense is currently developing the Joint Air-to-Ground Missile (JAGM), which will replace the Hellfire family of missiles. The increasing cost of maintenance and aging military equipment have resulted in increased demand for the smart weapons market.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Military Smart Weapons market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- The Boeing Company (United States)
- Lockheed Martin Corporation (United States)
- Raytheon Company (United States)
- Northrop Grumman Corporation (United States)
- L3Harris Technologies, Inc. (United States)
- General Dynamics Corporation (United States)
- Orbital ATK (United States)
- Textron Inc. (United States)
- MBDA, Inc. (United Kingdom)
- BAE Systems PLC (United Kingdom)
The military smart weapons market is highly fragmented, owing to the presence of a number of players who provide different weapons based on different technologies. Investments in the development of advanced weapons systems by the manufacturers for precise targeting, and tracking, and attacking the target are expected to help them gain a competitive edge over the other competitors.
Development of Biometric Technology in the Weapons Such As Palm Print Scanners Or Voice Recognition
- Regulations on Export of Such Products in Some Countries
- Declining Defense Budgets of Advanced Economies
Growing Demand from Emerging Economies and Standardization of Ancient Weapons
Key highlights of the Global Military Smart Weapons market Study:
CAGR of the market during the forecast period 2020-2026
Detailed information on factors that will accelerate the growth of the Military Smart Weapons market for the next five years.
Forecast of the Global Military Smart Weapons market size and its contribution to the parent market by type, application and by country.
Insights on upcoming trends and changes in consumer behaviour
Uncovering markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Military Smart Weapons Manufacturers
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Military Smart Weapons market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Military Smart Weapons market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Military Smart Weapons Manufacturers, Regulatory Bodies, Component Suppliers, Technology Providers, Parts/Accessories Suppliers, Government Authorities, Military & Defense Industry, Traders/Exporters/Importers, End-Use Industry and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.