Smart Bullets - Global Market Trajectory & Analytics

Global Smart Bullets Market to Reach $1.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Bullets estimated at US$404 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 14.8% over the period 2020-2027. Guided Smart Bullets, one of the segments analyzed in the report, is projected to record 16.1% CAGR and reach US$762.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Self-guided Smart Bullets segment is readjusted to a revised 11.8% CAGR for the next 7-year period.

The U. S. Market is Estimated at $119.5 Million, While China is Forecast to Grow at 14.1% CAGR

The Smart Bullets market in the U. S. is estimated at US$119.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$182.9 Million by the year 2027 trailing a CAGR of 14.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.3% and 12.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR. We bring years of research experience to this 8th edition of our report. The 140-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• BAE Systems PLC
• Boeing Company, The
• General Dynamics Corporation
• Harris Corporation
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Company
• Taser International, Inc.
• Textron Systems
• Thales Group