Global Smart Weapons Strategic Industry Report 2024-2030: Semi-Autonomous Weapon Systems to Witness Increased Adoption before Complete Migration to Fully Autonomous Systems

DUBLIN, Feb. 15, 2024 /PRNewswire/ — The “Smart Weapons – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

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 sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess 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 WeaponsDeath by Algorithm! Rapid Digitalization is Bringing Us Closer to that RealityWorries Over Geopolitical Conflicts & Galloping Inflation Overtakes Concerns About the Now Receding COVID-19 PandemicWar-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022CompetitionSmart 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 2021Robust Defense Spending Opens Opportunities for Increased Investments in Smart WeaponsSmart Weapons: What Are They & What’s the Outlook for These Evolving New Generation Weapon Technologies?World BrandsRecent Market ActivityInnovations

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 AffairsGermany’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 CapabilitiesThe Nuclear Arms Race Begins as Countries Scramble to Deal With Nuclear Risks in an Increasingly Multipolar World Made Nervous by Putin’s Nuclear Sabre RattlingRising Conflicts in the South China Sea to Spur Growth in the Asian MarketAI Weapons Emerge as the 3rd Generation in Smart Weapons Amid Growing Ethical Concerns Over the Weaponization of AISemi-Autonomous Weapon Systems to Witness Increased Adoption before Complete Migration to Fully Autonomous SystemsSurface-to-Air Missile Accidents Increase the Need to Make Smart Weapons SmarterShift Towards Electronic/Digital Warfare & Technical Superiority Over Conventional Weapons Strengthens The Business Case for Smart WeaponsSuccessful Deployments of Smart Bombs to Drive Robust DemandPrecision Guided Munitions Offer Lucrative Growth OpportunitiesDemand for Airborne and Surface-to-Air Missile Systems Gain MomentumSensor Fuzed Weapons to Substitute Unguided Cluster Bombs, a Win for the Smart Weapons MarketSmart Gun & Personalized Gun Technologies Offering Higher Accuracy and Safety Become MainstreamReview of Radar, a Key Technology Enabling the Development of Smart WeaponsGuided by its Numerous Benefits, Military Departments Worldwide Step up Spending on Energy Directed Energy WeaponsSonic & Ultrasonic Weapons Grows in Popularity for Their Ability to Manipulate Sound Waves to Incapacitate EnemyFocus on Disabling Enemy with Minimal Collateral Damage Drives Interest in Electromagnetic WeaponsDespite the Intriguing Potential, Particle Beam Weapons Remain a Distant DreamPlasma Weapons Display Exciting PotentialDemand Grows Stronger for EO/IR (Electro-Optical/Infra-Red) SystemsImportance of Continued Innovation Cannot be UnderminedA Review of the Ethical Issues Surrounding Autonomous WeaponsResolving Challenges Will Remain Critical for Future Success

FOCUS ON SELECT PLAYERS (Total 80 Featured)

BAE Systems PLCCollins AerospaceBoeing Company, TheBall CorporationChina Aerospace Science and Technology Corporation (CASC)Almaz-AnteyArmament Systems & Procedures Inc. (ASP, Inc.)Bharat Dynamics LimitedCombined Systems, Inc.Condor Non-Lethal TechnologiesAxon Enterprise, Inc.Adsys Controls, Inc.Applied Companies Corp.BlueHaloBaykar Technologies

For more information about this report visit https://www.researchandmarkets.com/r/72gsr7

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