Smart Weapons Market Overview:
In a recent research report by Market Research Community, the Smart Weapons Market is expected to surpass USD 26.42 Billion by the year 2028, from USD 16.35 Billion in 2021.
The Smart Weapons Market Growth has projected to grow at a significant pace reaching a CAGR of approximately 6.18%, over the forecast period of 2022–2028, despite a considerable fall in Type sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
Smart weapons, also known as precision-guided munitions, are weapons that use guidance systems to accurately hit a specific target. These guidance systems can include GPS, laser, infrared, or radar, and can be used to guide bombs, missiles, and other types of ordnance to their targets. Smart weapons are typically used in situations where a high degree of accuracy is required, such as in urban areas or to minimize collateral damage. They are used by military and intelligence agencies around the world.
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Segments:
By Product
- Missiles
- Munitions
- Guided Projectiles
- Guided Rockets
- Directed Energy Weapons
By Platform
- Air
- Land
- Naval
By Technology
- Laser Guidance
- Infrared Guidance
- Radar Guidance
- Satellite Guidance
By Region
North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile, Rest of Latin America
The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including MBDA Inc., General Dynamics Corporation, Orbital ATK, Thales Group, Textron Inc., Rheinmetall Ag, Lockheed Martin Corporation,Raytheon Technologies Corporation.
The Smart Weapons Market Report is expected significantly over the next few years in meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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