How big is the Smart Weapons Market?

The Smart Weapons Market size is expected to reach USD 19.28 billion in 2024 and grow at a CAGR of 5.76% to reach USD 25.51 billion by 2029. Read More

What is the current Smart Weapons Market size?

In 2024, the Smart Weapons Market size is expected to reach USD 19.28 billion. Read More

Who are the key players in Smart Weapons Market?

General Dynamics Corporation, The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation and IAI are the major companies operating in the Smart Weapons Market. Read More

Which is the fastest growing region in 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 Smart Weapons Market?

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

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

In 2023, the Smart Weapons Market size was estimated at USD 18.17 billion. The report covers the Smart Weapons Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Weapons Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Weapons Market - Forecast, Growth & Share

Smart Weapons Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Smart Weapons Market is Segmented by Product (Missiles, Ammunition, and Others), Technology (Satellite Guidance, Radar Guidance, Infrared Guidance, and Laser Guidance), Platform (Land, Sea, and Air), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Smart Weapons Industry Overview

The smart weapons market is fragmented in nature, with various players holding significant shares in the market. Some prominent market players are General Dynamics Corporation, IAI, Lockheed Martin Corporation, Northrop Grumman Corporation, and The Boeing Company, amongst others.

The key players in the market are focusing on the development of advanced smart weapons systems, which will be used by various defense personnel around the world to carry out their military operations. Moreover, growing expenditure on research and development towards manufacturing advanced smart weapon systems will lead to creating better opportunities in the near future. Various manufacturers are now currently integrating technologies such as fingerprint recognition which will prevent accidental use and misuse of such weapons, and this is expected to support the growth of the smart weapons market during the forecast period.