How big is the Aerial Smart Weapons Market?

The Aerial Smart Weapons Market size is expected to reach USD 6.47 billion in 2024 and grow at a CAGR of 6.92% to reach USD 9.03 billion by 2029. Read More

What is the current Aerial Smart Weapons Market size?

In 2024, the Aerial Smart Weapons Market size is expected to reach USD 6.47 billion. Read More

Who are the key players in Aerial Smart Weapons Market?

BAE Systems plc, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation and RTX Corporation are the major companies operating in the Aerial Smart Weapons Market. Read More

Which is the fastest growing region in Aerial Smart Weapons Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aerial Smart Weapons Market?

In 2024, the North America accounts for the largest market share in Aerial Smart Weapons Market. Read More

What years does this Aerial Smart Weapons Market cover, and what was the market size in 2023?

In 2023, the Aerial Smart Weapons Market size was estimated at USD 6.02 billion. The report covers the Aerial Smart Weapons Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aerial Smart Weapons Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aerial Smart Weapons Market - Report, Size & Forecast

Aerial Smart Weapons Industry Overview

The aerial smart weapons market is semi-consolidated, with local as well as international players providing various types of missiles, munitions, guided rockets, and guided projectiles for aerial forces across the world. Other than international players, several state-owned companies have been developing and manufacturing smart weapons for their respective countries while also looking at export opportunities.

Some of the prominent players in the market are BAE Systems PLC, RTX Corporation, Lockheed Martin Corporation, General Dynamics Corporation, and Northrop Grumman Corporation. Due to the changing nature of aerial warfare, several nations are planning to develop and induct next-generation aerial smart weapons for their militaries. As the focus is increasing on developing indigenous smart weapons, local manufacturers can grab the opportunity to increase their market share through higher R&D investments, which will help their growth during the forecast period. Players can also establish joint ventures and partnerships with other players to enable technology transfer, which will facilitate innovations and aid the development of highly sophisticated aerial smart weapons during the forecast period.