Global Smart Weapons Strategic Industry Report 2024-2030: Semi-Autonomous Weapon Systems to Witness Increased Adoption before Complete Migration to Fully Autonomous Systems
Friday, February 23, 2024
DUBLIN, Feb. 15, 2024 /PRNewswire/ -- The "Smart Weapons - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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Global Smart Weapons Market to Reach $28.1 Billion by 2030
The global market for Smart Weapons estimated at US$17.7 Billion in the year 2022, is projected to reach a revised size of US$28.1 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030. Missiles, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$9.1 Billion by the end of the analysis period. Growth in the Munitions segment is estimated at 5.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.6 Billion, While China is Forecast to Grow at 6.6% CAGR
The Smart Weapons market in the U.S. is estimated at US$5.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
MARKET OVERVIEW
-- From an Army of Thousands to an Army of None, the Rise of the Digital
Battlefield Provides the Foundation for the Growth of Smart Weapons
-- Death by Algorithm! Rapid Digitalization is Bringing Us Closer to that
Reality
-- Worries Over Geopolitical Conflicts & Galloping Inflation Overtakes
Concerns About the Now Receding COVID-19 Pandemic
-- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark
the Return of Global Inflation in 2022
-- Competition
-- Smart Weapons - Global Key Competitors Percentage Market Share in 2022
(E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- Pandemic Fails to Deter Global Military Spending, Which Spirals to All
Time High in 2021
-- Robust Defense Spending Opens Opportunities for Increased Investments in
Smart Weapons
-- Smart Weapons: What Are They & What's the Outlook for These Evolving New
Generation Weapon Technologies?
-- World Brands
-- Recent Market Activity
-- Innovations
MARKET TRENDS & DRIVERS
-- As the World Steps Up Military Spending in the Wake of the Russia
Ukraine War, Smart Weapons Are Poised to Benefit from the Unfortunate
State of Global Geo-Political Affairs
-- Germany's Historic Military Investments in 2022 Exemplifies the
Prevailing Global Sentiment that the World is a Dangerous Place Where
the Threat of Authoritarian States Can be Resisted Only With Big-Ticket
Military Capabilities
-- The Nuclear Arms Race Begins as Countries Scramble to Deal With Nuclear
Risks in an Increasingly Multipolar World Made Nervous by Putin's
Nuclear Sabre Rattling
-- Rising Conflicts in the South China Sea to Spur Growth in the Asian
Market
-- AI Weapons Emerge as the 3rd Generation in Smart Weapons Amid Growing
Ethical Concerns Over the Weaponization of AI
-- Semi-Autonomous Weapon Systems to Witness Increased Adoption before
Complete Migration to Fully Autonomous Systems
-- Surface-to-Air Missile Accidents Increase the Need to Make Smart Weapons
Smarter
-- Shift Towards Electronic/Digital Warfare & Technical Superiority Over
Conventional Weapons Strengthens The Business Case for Smart Weapons
-- Successful Deployments of Smart Bombs to Drive Robust Demand
-- Precision Guided Munitions Offer Lucrative Growth Opportunities
-- Demand for Airborne and Surface-to-Air Missile Systems Gain Momentum
-- Sensor Fuzed Weapons to Substitute Unguided Cluster Bombs, a Win for the
Smart Weapons Market
-- Smart Gun & Personalized Gun Technologies Offering Higher Accuracy and
Safety Become Mainstream
-- Review of Radar, a Key Technology Enabling the Development of Smart
Weapons
-- Guided by its Numerous Benefits, Military Departments Worldwide Step up
Spending on Energy Directed Energy Weapons
-- Sonic & Ultrasonic Weapons Grows in Popularity for Their Ability to
Manipulate Sound Waves to Incapacitate Enemy
-- Focus on Disabling Enemy with Minimal Collateral Damage Drives Interest
in Electromagnetic Weapons
-- Despite the Intriguing Potential, Particle Beam Weapons Remain a Distant
Dream
-- Plasma Weapons Display Exciting Potential
-- Demand Grows Stronger for EO/IR (Electro-Optical/Infra-Red) Systems
-- Importance of Continued Innovation Cannot be Undermined
-- A Review of the Ethical Issues Surrounding Autonomous Weapons
-- Resolving Challenges Will Remain Critical for Future Success
FOCUS ON SELECT PLAYERS (Total 80 Featured)
-- BAE Systems PLC
-- Collins Aerospace
-- Boeing Company, The
-- Ball Corporation
-- China Aerospace Science and Technology Corporation (CASC)
-- Almaz-Antey
-- Armament Systems & Procedures Inc. (ASP, Inc.)
-- Bharat Dynamics Limited
-- Combined Systems, Inc.
-- Condor Non-Lethal Technologies
-- Axon Enterprise, Inc.
-- Adsys Controls, Inc.
-- Applied Companies Corp.
-- BlueHalo
-- Baykar Technologies
For more information about this report visit https://www.researchandmarkets.com/r/72gsr7
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