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Smart Weapons Market by Product, Technology, and Platform: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 301 Pages
  • February 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578156
Description Jump to:
Smart weapons are projectiles or bombs that are known for their accuracy and are guided by lasers, which are intended to precisely hit a specific target to minimize collateral damage. It includes guided weapons, steerable bombs, sensor-fused weapons, and air-to-ground missiles equipped with laser or satellite guidance technology. In addition, smart weapons guidance technology can be infrared, electro-optical, or laser. The guidance technology consists of sensors to detect a target and lock the weapon onto the target.

The global smart weapon market is driven by the growth in demand for advanced precision strike weapons and the unstable security of countries. However, arms transfer regulations imposed on import and export of smart weapons pose a major restraint for the smart weapon market. On the contrary, a surge in the defense budget and increase in spending on up-gradation of weapons technology are factors that create new growth opportunities for prominent players in the smart weapon market. For instance, in September 2021, the U.S. Navy signed a contract with Northrop Grumman Corporation to proceed with low rate initial production (LRIP) for the AGM-88G Advanced Anti-Radiation Guided Missile Extended Range (AARGM-ER).

The smart weapon market is segmented on the basis of product, technology, platform, and region. On the basis of product, the market is categorized into missiles, munitions, guided projectiles, guided rockets, guided firearms, and directed energy weapons. On the basis of technology, the market is classified into laser, infrared, radar, GPS, and others. On the basis of platform, the market is divided into air, land, and naval. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players profiled in this report include BAE Systems Plc., General Dynamics Corporation, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales Group, and The Boeing Company.

KEY BENEFITS FOR STAKEHOLDERS

  • This study presents analytical depiction of the global smart weapon market analysis along with the current trends and future estimations to depict imminent investment pockets
  • The overall smart weapon market opportunity is determined by understanding profitable trends to gain a stronger foothold
  • The report presents information related to the key drivers, restraints, and opportunities of the global smart weapon market with a detailed impact analysis
  • The current smart weapon market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry

KEY MARKET SEGMENTS


By Product

  • Missiles
  • Munitions
  • Guided Projectiles
  • Guided Rockets
  • Guided Firearms
  • Directed Energy Weapons

By Technology

  • Laser
  • Infrared
  • Radar
  • GPS
  • Others

By Platform

  • Air
  • Land
  • Naval

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS

  • BAE Systems Plc
  • General Dynamics Corporation
  • L3Harris Technologies Inc
  • Leonardo S.pA
  • Lockheed Martin Corporation
  • MBDA
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Thales Group
  • The Boeing Company

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Key Player Positioning, 2020
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Growing Demand for Advanced Precision Strike Weapons
3.5.1.2. Increasing Number of Security Threats from Terrorist Organizations
3.5.2. Restraint
3.5.2.1. Regulations on Arm Transport
3.5.3. Opportunity
3.5.3.1. Increasing Defense Expenditure by Governments of Major Economies
3.6. Covid-19 Impact Analysis
3.6.1. Evolution of Outbreak
3.6.2. Micro Economic Impact Analysis
3.6.2.1. Consumer Trends
3.6.2.2. Technology Trends
3.6.2.3. Regulatory Trends
3.6.3. Macro-Economic Impact Analysis
3.6.3.1. Gdp
3.6.3.2. Import/Export Analysis
3.6.3.3. Employment Index
3.6.4. Impact on the Smart Weapons Industry
Chapter 4: Smart Weapons Market, by Product
4.1. Overview
4.2. Missiles
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Munitions
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Guided Projectile
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country
4.5. Guided Rocket
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis, by Country
4.6. Guided Firearms
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast, by Region
4.6.3. Market Analysis, by Country
4.7. Directed Energy Weapons
4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast, by Region
4.7.3. Market Analysis, by Country
Chapter 5: Smart Weapons Market, by Technology
5.1. Overview
5.2. Laser
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Infrared
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Radar
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country
5.5. Gps
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis, by Country
5.6. Others
5.6.1. Key Market Trends, Growth Factors, and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Analysis, by Country
Chapter 6: Smart Weapons Market, by Platform
6.1. Overview
6.2. Air
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.3. Land
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Country
6.4. Naval
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Analysis, by Country
Chapter 7: Smart Weapons Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Product
7.2.3. Market Size and Forecast, by Technology
7.2.4. Market Size and Forecast, by Platform
7.2.5. Market Size and Forecast, by Country
7.2.5.1. U. S.
7.2.5.1.1. Market Size and Forecast, by Product
7.2.5.1.2. Market Size and Forecast, by Technology
7.2.5.1.3. Market Size and Forecast, by Platform
7.2.5.2. Canada
7.2.5.2.1. Market Size and Forecast, by Product
7.2.5.2.2. Market Size and Forecast, by Technology
7.2.5.2.3. Market Size and Forecast, by Platform
7.2.5.3. Mexico
7.2.5.3.1. Market Size and Forecast, by Product
7.2.5.3.2. Market Size and Forecast, by Technology
7.2.5.3.3. Market Size and Forecast, by Platform
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Product
7.3.3. Market Size and Forecast, by Technology
7.3.4. Market Size and Forecast, by Platform
7.3.5. Market Size and Forecast, by Country
7.3.5.1. Germany
7.3.5.1.1. Market Size and Forecast, by Product
7.3.5.1.2. Market Size and Forecast, by Technology
7.3.5.1.3. Market Size and Forecast, by Platform
7.3.5.2. Uk
7.3.5.2.1. Market Size and Forecast, by Product
7.3.5.2.2. Market Size and Forecast, by Technology
7.3.5.2.3. Market Size and Forecast, by Platform
7.3.5.3. France
7.3.5.3.1. Market Size and Forecast, by Product
7.3.5.3.2. Market Size and Forecast, by Technology
7.3.5.3.3. Market Size and Forecast, by Platform
7.3.5.4. Russia
7.3.5.4.1. Market Size and Forecast, by Product
7.3.5.4.2. Market Size and Forecast, by Technology
7.3.5.4.3. Market Size and Forecast, by Platform
7.3.5.5. Rest of Europe
7.3.5.5.1. Market Size and Forecast, by Product
7.3.5.5.2. Market Size and Forecast, by Technology
7.3.5.5.3. Market Size and Forecast, by Platform
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Product
7.4.3. Market Size and Forecast, by Technology
7.4.4. Market Size and Forecast, by Platform
7.4.5. Market Size and Forecast, by Country
7.4.5.1. China
7.4.5.1.1. Market Size and Forecast, by Product
7.4.5.1.2. Market Size and Forecast, by Technology
7.4.5.1.3. Market Size and Forecast, by Platform
7.4.5.2. India
7.4.5.2.1. Market Size and Forecast, by Product
7.4.5.2.2. Market Size and Forecast, by Technology
7.4.5.2.3. Market Size and Forecast, by Platform
7.4.5.3. Japan
7.4.5.3.1. Market Size and Forecast, by Product
7.4.5.3.2. Market Size and Forecast, by Technology
7.4.5.3.3. Market Size and Forecast, by Platform
7.4.5.4. South Korea
7.4.5.4.1. Market Size and Forecast, by Product
7.4.5.4.2. Market Size and Forecast, by Technology
7.4.5.4.3. Market Size and Forecast, by Platform
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market Size and Forecast, by Product
7.4.5.5.2. Market Size and Forecast, by Technology
7.4.5.5.3. Market Size and Forecast, by Platform
7.5. Lamea
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Product
7.5.3. Market Size and Forecast, by Technology
7.5.4. Market Size and Forecast, by Platform
7.5.5. Market Size and Forecast, by Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size and Forecast, by Product
7.5.5.1.2. Market Size and Forecast, by Technology
7.5.5.1.3. Market Size and Forecast, by Platform
7.5.5.2. Middle East
7.5.5.2.1. Market Size and Forecast, by Product
7.5.5.2.2. Market Size and Forecast, by Technology
7.5.5.2.3. Market Size and Forecast, by Platform
7.5.5.3. Africa
7.5.5.3.1. Market Size and Forecast, by Product
7.5.5.3.2. Market Size and Forecast, by Technology
7.5.5.3.3. Market Size and Forecast, by Platform
Chapter 8: Company Profiles
8.1. Bae Systems plc.
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Business Performance
8.1.7. Key Strategic Moves and Developments
8.2. General Dynamics Corporation
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. Business Performance
8.2.7. Key Strategic Moves and Developments
8.3. L3Harris Technologies Inc.
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. Business Performance
8.4. Leonardo S. P. A.
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. Business Performance
8.4.7. Key Strategic Moves and Developments
8.5. Lockheed Martin Corporation
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. Business Performance
8.5.7. Key Strategic Moves and Developments
8.6. Mbda
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Product Portfolio
8.6.5. Business Performance
8.6.6. Key Strategic Moves and Developments
8.7. Northrop Grumman Corporation
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.7.6. R&D Expenditure
8.7.7. Business Performance
8.7.8. Key Strategic Moves and Developments
8.8. Raytheon Technologies Corporation
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Operating Business Segments
8.8.5. Product Portfolio
8.8.6. R&D Expenditure
8.8.7. Business Performance
8.8.8. Key Strategic Moves and Developments
8.9. Thales Group
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. R&D Expenditure
8.9.7. Business Performance
8.9.8. Key Strategic Moves and Developments
8.10. The Boeing Company
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Operating Business Segments
8.10.5. Product Portfolio
8.10.6. R&D Expenditure
8.10.7. Business Performance
8.10.8. Key Strategic Moves and Developments
List of Tables
Table 01. Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 02. Smart Weapons Market for Missiles, by Region 2020–2030 ($Million)
Table 03. Smart Weapons Market for Munitions, by Region 2020–2030 ($Million)
Table 04. Smart Weapons Market for Guided Projectile, by Region 2020–2030 ($Million)
Table 05. Smart Weapons Market for Guided Rocket, by Region, 2020–2030 ($Million)
Table 06. Smart Weapons Market for Guided Firearms, by Region 2020–2030 ($Million)
Table 07. Smart Weapons Market for Directed Energy Weapons, by Region 2020–2030 ($Million)
Table 08. Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 09. Smart Weapons Market for Laser, by Region 2020–2030 ($Million)
Table 10. Smart Weapons Market for Infrared, by Region 2020–2030 ($Million)
Table 11. Smart Weapons Market for Radar, by Region 2020–2030 ($Million)
Table 12. Smart Weapons Market for Gps, by Region 2020–2030 ($Million)
Table 13. Smart Weapons Market for Others, by Region 2020–2030 ($Million)
Table 14. Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 15. Smart Weapons Market for Air, by Region 2020–2030 ($Million)
Table 16. Smart Weapons Market for Land, by Region 2020–2030 ($Million)
Table 17. Smart Weapons Market for Naval, by Region 2020–2030 ($Million)
Table 18. Smart Weapons Market, by Region, 2020–2030 ($Million)
Table 19. North America Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 20. North America Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 21. North America Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 22. U.S Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 23. U.S Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 24. U.S Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 25. Canada Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 26. Canada Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 27. Canada Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 28. Mexico Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 29. Mexico Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 30. Mexico Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 31. Europe Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 32. Europe Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 33. Europe Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 34. Germany Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 35. Germany Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 36. Germany Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 37. Uk Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 38. Uk Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 39. Uk Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 40. France Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 41. France Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 42. France Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 43. Russia Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 44. Russia Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 45. Russia Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 46. Rest of Europe Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 47. Rest of Europe Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 48. Rest of Europe Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 49. Asia-Pacific Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 50. Asia-Pacific Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 51. Asia-Pacific Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 52. China Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 53. China Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 54. China Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 55. India Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 56. India Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 57. India Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 58. Japan Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 59. Japan Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 60. Japan Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 61. South Korea Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 62. South Korea Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 63. South Korea Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 64. Rest of Asia-Pacific Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 65. Rest of Asia-Pacific Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 66. Rest of Asia-Pacific Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 67. Lamea Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 68. Lamea Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 69. Lamea Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 70. Latin America Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 71. Latin America Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 72. Latin America Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 73. Middle East Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 74. Middle East Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 75. Middle East Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 76. Africa Smart Weapons Market, by Product, 2020–2030 ($Million)
Table 77. Africa Smart Weapons Market, by Technology, 2020–2030 ($Million)
Table 78. Africa Smart Weapons Market, by Platform, 2020–2030 ($Million)
Table 79. Bae Systems plc. :Key Executives
Table 80. Bae Systems plc. : Company Snapshot
Table 81. Bae Systems plc: Operating Segments
Table 82. Bae Systems plc. : Product Portfolio
Table 83. Bae Systems plc: Net Sales, 2018–2020 ($Million)
Table 84. Bae Systems plc: Key Strategic Moves and Developments
Table 85. General Dynamics Corporation. : Key Executives
Table 86. General Dynamics Corporation: Company Snapshot
Table 87. General Dynamics Corporation: Operating Segments
Table 88. General Dynamics Corporation: Product Portfolio
Table 89. General Dynamics Corporation: Net Sales, 2018–2020 ($Million)
Table 90. General Dynamics Corporation: Key Strategic Moves and Developments
Table 91. L3Harris Technologies, Inc. : Key Executive
Table 92. L3Harris Technologies, Inc. : Company Snapshot
Table 93. L3Harris Technologies, Inc. : Operating Segments
Table 94. L3Harris Technologies, Inc. : Product Portfolio
Table 95. L3Harris Technologies, Inc. : Net Sales, 2018–2020 ($Million)
Table 96. Leonardo S. P. A. : Key Executive
Table 97. Leonardo S. P. A. : Company Snapshot
Table 98. Leonardo S. P. A. : Operating Segments
Table 99. Leonardo Spa: Product Portfolio
Table 100. Leonardo S. P. A. : Net Sales, 2018–2020 ($Million)
Table 101. Leonardo S. P. A. : Key Strategic Moves and Developments
Table 102. Lockheed Martin Corporation: Key Executive
Table 103. Lockheed Martin Corporation: Company Snapshot
Table 104. Leonardo S. P. A. : Operating Segments
Table 105. Lockheed Martin Corporation: Product Portfolio
Table 106. Leonardo S. P. A. : Net Sales, 2018–2020 ($Million)
Table 107. Lockheed Martin Corporation: Key Strategic Moves and Developments
Table 108. Mbda: Key Executives
Table 109. Mbda: Company Snapshot
Table 110. Mbda: Product Portfolio
Table 111. Mbda: Net Sales, 2018–2020 ($Million)
Table 112. Mbda: Key Strategic Moves and Developments
Table 113. Northrop Grumman Corporation: Key Executive
Table 114. Northrop Grumman Corporation: Company Snapshot
Table 115. Northrop Grumman Corporation: Operating Segments
Table 116. Northrop Grumman Corporation: Product Portfolio
Table 117. Northrop Grumman Corporation: R&D Expenditure, 2018–2020 ($Million)
Table 118. Northrop Grumman Corporation: Net Sales, 2018–2020 ($Million)
Table 119. Northrop Grumman Corporation: Key Strategic Moves and Developments
Table 120. Raytheon Technologies Corporation:Key Executives
Table 121. Raytheon Technologies Corporation: Company Snapshot
Table 122. Raytheon Technologies Corporation: Operating Segments
Table 123. Raytheon Technologies Corporation: Product Portfolio
Table 124. Raytheon Technologies Corporation: R&D Expenditure, 2018–2020 ($Million)
Table 125. Raytheon Technologies Corporation: Net Sales, 2018–2020 ($Million)
Table 126. Raytheon Technologies Corporation: Key Strategic Moves and Developments
Table 127. Thales Group:Key Executives
Table 128. Thales Group: Company Snapshot
Table 129. Thales Group: Operating Segments
Table 130. Thales Group: Product Portfolio
Table 131. Thales Group: R&D Expenditure, 2018–2020 ($Million)
Table 132. Thales Group: Net Sales, 2018–2020 ($Million)
Table 133. Thales Group: Key Strategic Moves and Developments
Table 134. The Boeing Company:Key Executives
Table 135. The Boeing Company: Company Snapshot
Table 136. The Boeing Company: Operating Segments
Table 137. The Boeing Company: Product Portfolio
Table 138. The Boeing Company: R&D Expenditure, 2018–2020 ($Million)
Table 139. The Boeing Company: Net Sales, 2018–2020 ($Million)
Table 140. The Boeing Company: Key Strategic Moves and Developments
List of Figures
Figure 01. Key Market Segments
Figure 02. Executive Summary
Figure 03. Executive Summary
Figure 04. Top Impacting Factors
Figure 05. Top Investment Pockets
Figure 06. Top Winning Strategies, by Year, 2019–2021*
Figure 07. Top Winning Strategies, by Development, 2019–2021*
Figure 08. Top Winning Strategies, by Company, 2019–2021*
Figure 09. Low-To-High Bargaining Power of Suppliers
Figure 10. Moderate-To-High Threat of New Entrants
Figure 11. Low-To-Moderate Threat of Substitutes
Figure 12. Low-To-High Intensity of Rivalry
Figure 13. Low-To-Moderate Bargaining Power of Buyers
Figure 14. Key Player Positioning (2020)
Figure 15. Smart Weapons Market Share, by Product, 2020–2028 (%)
Figure 16. Comparative Share Analysis of Smart Weapons Market for Missiles, by Country, 2020 & 2028 ($ Million)
Figure 17. Comparative Share Analysis of Smart Weapons Market for Munitions, by Country, 2020 & 2030 ($ Million)
Figure 18. Comparative Share Analysis of Smart Weapons Market for Guided Projectile, by Country, 2020 & 2030 ($ Million)
Figure 19. Comparative Share Analysis of Smart Weapons Market for Guided Rocket, by Country, 2020 & 2030 ($ Million)
Figure 20. Comparative Share Analysis of Smart Weapons Market for Guided Firearms, by Country, 2020 & 2030 ($ Million)
Figure 21. Comparative Share Analysis of Smart Weapons Market for Directed Energy Weapons, by Country, 2020 & 2030 ($ Million)
Figure 22. Smart Weapons Market Share, by Technology, 2020–2030 (%)
Figure 23. Comparative Share Analysis of Smart Weapons Market for Laser, by Country, 2020 & 2030 ($ Million)
Figure 24. Comparative Share Analysis of Smart Weapons Market for Infrared, by Country, 2020 & 2030 ($ Million)
Figure 25. Comparative Share Analysis of Smart Weapons Market for Radar, by Country, 2020 & 2030 ($ Million)
Figure 26. Comparative Share Analysis of Smart Weapons Market for Gps, by Country, 2020 & 2030 ($ Million)
Figure 27. Comparative Share Analysis of Smart Weapons Market for Others, by Country, 2020 & 2030 ($ Million)
Figure 28. Smart Weapons Market Share, by Platform, 2020–2030 (%)
Figure 29. Comparative Share Analysis of Smart Weapons Market for Air, by Country, 2020 & 2030 ($ Million)
Figure 30. Comparative Share Analysis of Smart Weapons Market for Land, by Country, 2020 & 2030 ($ Million)
Figure 31. Comparative Share Analysis of Smart Weapons Market for Naval, by Country, 2020 & 2030 ($ Million)
Figure 32. Smart Weapons Market, by Region, 2020–2030 (%)
Figure 33. Comparative Share Analysis of Smart Weapons Market, by Country, 2020–2030 (%)
Figure 34. U. S. Smart Weapons Market, 2020–2030 ($ Million)
Figure 35. Canada Smart Weapons Market, 2020–2030 ($ Million)
Figure 36. Mexico Smart Weapons Market, 2020–2030 ($ Million)
Figure 37. Comparative Share Analysis of Smart Weapons Market, by Country, 2020–2030 (%)
Figure 38. Germany Smart Weapons Market, 2020–2030 ($ Million)
Figure 39. Uk Smart Weapons Market, 2020–2030 ($ Million)
Figure 40. France Smart Weapons Market, 2020–2030 ($ Million)
Figure 41. Russia Smart Weapons Market, 2020–2030 ($ Million)
Figure 42. Rest of Europe Smart Weapons Market, 2020–2030 ($ Million)
Figure 43. Comparative Share Analysis of Smart Weapons Market, by Country, 2020–2030 (%)
Figure 44. China Smart Weapons Market, 2020–2030 ($ Million)
Figure 45. India Smart Weapons Market, 2020–2030 ($ Million)
Figure 46. Japan Smart Weapons Market, 2020–2030 ($ Million)
Figure 47. South Korea Smart Weapons Market, 2020–2030 ($ Million)
Figure 48. Rest of Asia-Pacific Smart Weapons Market, 2020–2030 ($ Million)
Figure 49. Comparative Share Analysis of Smart Weapons Market, by Country, 2020–2030 (%)
Figure 50. Latin America Smart Weapons Market, 2020–2030 ($ Million)
Figure 51. Middle East Smart Weapons Market, 2020–2030 ($ Million)
Figure 52. Africa Smart Weapons Market, 2020–2030 ($ Million)
Figure 53. Bae Systems plc: Revenue, 2018–2020 ($ Million)
Figure 54. Bae Systems plc: Revenue Share by Segment, 2020 (%)
Figure 55. Bae Systems plc: Revenue Share by Region, 2020 (%)
Figure 56. General Dynamics Corporation: Revenue, 2017–2019 ($ Million)
Figure 57. General Dynamics Corporation: Revenue Share by Segment, 2020(%)
Figure 58. General Dynamics Corporation: Revenue Share by Region, 2020(%)
Figure 59. L3Harris Technologies, Inc: Net Sales, 2018–2020 ($ Million)
Figure 60. L3Harris Technologies, Inc: Revenue Share by Segment, 2020 (%)
Figure 61. L3Harris Technologies, Inc: Revenue Share by Region, 2020 (%)
Figure 62. Leonardo S. P. A: Revenue, 2018–2020 ($ Million)
Figure 63. Leonardo S. P. A: Revenue Share by Segment, 2020 (%)
Figure 64. Leonardo S. P. A: Revenue Share by Region, 2020 (%)
Figure 65. Lockheed Martin Corporation: Revenue, 2018–2020 ($ Million)
Figure 66. Lockheed Martin Corporation: Revenue Share by Segment, 2020 (%)
Figure 67. Lockheed Martin Corporation: Revenue Share by Region, 2020 (%)
Figure 68. Mbda: Revenue, 2018–2020 ($ Million)
Figure 69. Northrop Grumman Corporation: R&D Expenditure, 2018–2020 ($ Million)
Figure 70. Northrop Grumman Corporation: Revenue, 2018–2020 ($ Million)
Figure 71. Northrop Grumman Corporation: Revenue Share by Segment, 2020 (%)
Figure 72. Northrop Grumman Corporation: Revenue Share by Region, 2020 (%)
Figure 73. Raytheon Technologies Corporation: R&D Expenditure, 2018–2020 ($ Million)
Figure 74. Raytheon Technologies Corporation: Net Sales, 2018–2020 ($ Million)
Figure 75. Raytheon Technologies Corporation: Revenue Share by Segment, 2020 (%)
Figure 76. Raytheon Technologies Corporation: Revenue Share by Region, 2020 (%)
Figure 77. Thales Group: R&D Expenditure, 2018–2020 ($ Million)
Figure 78. Thales Group: Net Sales, 2018–2020 ($ Million)
Figure 79. Thales Group: Revenue Share by Segment, 2020 (%)
Figure 80. Thales Group: Revenue Share by Region, 2020 (%)
Figure 81. The Boeing Company: R&D Expenditure, 2018–2020 ($ Million)
Figure 82. The Boeing Company: Net Sales, 2018–2020 ($ Million)
Figure 83. The Boeing Company: Revenue Share by Segment, 2020 (%)
Figure 84. The Boeing Company: Revenue Share by Region, 2020 (%)

Executive Summary

According to a recent report titled, “Smart Weapons Market by Product, Technology, and Platform: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global smart weapons market was valued at $14.90 billion in 2020, and is projected to reach $23.96 billion by 2030, registering a CAGR of 5% during the forecast period.

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global smart weapons market share in North America in 2020, owing to increase in R&D activities, technological developments by key players, and rapid adoption of innovative technologies to make reliable, precise, and efficient smart weapons. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of smart weapons across several Asian nations, such as, China, India, Japan, and South Korea.

The smart weapons market is segmented on the basis of product, technology, platform, and region. On the basis of product, the global smart weapons market is categorized into missiles, munitions, guided projectiles, guided rockets, guided firearms, and directed energy weapons. On the basis of technology, the market is classified into laser, infrared, radar, GPS, and others. On the basis of platform, the market is divided into air, land, and naval.

By product, the smart weapons market is segregated into missiles, munitions, guided projectile, guided rocket, guided firearms, and directed energy weapons. The missile segment accounted for the highest revenue in 2020, owing to high demand for guided missile that are being deployed for numerous combat operations throughout the world.

On the basis of technology, the market is segmented into laser, infrared, radar, GPS, and others. The infrared segment garnered the highest revenue in 2020, owing to high demand for infrared-derived precision across different weapon types globally.

Depending on platform, the smart weapons market is fragmented into air, land, and naval. The land segment was the highest revenue contributor in 2020, owing to high demand for smart weapons by land forces globally.

COVID-19 Impact Analysis


  • The COVID-19 impact on the smart weapon market is unpredictable, and is expected to remain in force for a few years
  • The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import–export of raw materials items for most of 2020 and few months in 2021 This led to sudden fall in the availability of important raw materials for manufacturing smart weapons
  • Moreover, nationwide lockdown forced smart weapons manufacturing facilities to partially or completely shut their operations
  • Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of advanced smart weapons globally

Key Findings Of The Study


  • By product, the directed energy weapons segment is expected to register a significant growth during the forecast period
  • On the basis of technology, the laser segment is anticipated to exhibit significant growth in future
  • Depending on platform, the naval segment is anticipated to exhibit significant growth in future
  • Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period
  • The key players that operate in the global smart weapons market include BAE Systems Plc., General Dynamics Corporation, L3Harris Technologies Inc., Leonardo S.p.A, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation, Thales Group, and The Boeing Company

Companies Mentioned

  • BAE Systems Plc.
  • General Dynamics Corporation
  • L3Harris Technologies Inc.
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • MBDA,
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Thales Group
  • The Boeing Company.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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