Smart Weapons Market is anticipated to grow over 3945 Million $ by 2023 with Leading Players – Lockheed Martin, Boeing, Denel SOC, Textron
A market study ”Global Smart Weapons Market” examines the performance of the Global Smart Weapons Market 2019. It encloses an in-depth Research of the Smart Weapons Market state and the competitive landscape globally. This report analyzes the potential of Smart Weapons Market in the present and the future prospects from various angles in detail.
Global Smart Weapons Market Overview:
The Global Smart Weapons Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Smart Weapons Market size to maintain the average annual growth rate of 2.87% from USD 3345 Million $ in 2014 to USD 3641 Million in 2018, market analysts believe that in the next few years, Smart Weapons market size will be further expanded, we expect that by 2023, The market size of the Smart Weapons will reach USD 3945 Million.
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According to the market report analysis, the Smart Weapons are projectiles and bombs that are known for their accuracy and are guided by lasers and other means. Given the need of such devices in warfare, the demand is expected to increase during the forecast period (2019 – 2023). Further, the high demand for such weapons is attributable to the competitive advantages of the smart weapons such as accurate, reliable first short and quick hit capability, and overall reduces the logistics carrying cost. Increasing application of smart weapons in the defence sector such as in war and security is expected to fuel growth in the coming years.
The Global Smart Weapons Market is segmented on the basis of Technology, Product, Platform and Region. Based on the Technology, the Global Smart Weapons Market is classified into infrared, laser, radar, GPS, optical, wire-guided, micro-computing, and satellite. On the basis of Product, the Global Smart Weapons Market is sub-segmented into guided rockets, guided projectiles, missiles, munitions, and precision guided firearms. On the basis of Platform, the Global Smart Weapons Market is divided into land, air, and naval. The infrared technology and munitions segment leads the Smart Weapons Market globally.
In terms of the geographic analysis, the Smart Weapons Market in North America and Europe is expected to witness significant growth in the coming years. The North America market is projected to grow at the highest CAGR during the forecast period (2019 – 2023). This rapid growth can be attributed to increasing research and development activities undertaken by research organizations of various countries in the region to develop smart weapons for enhanced border security and tactical operations.
Latest Business News:
Lockheed Martin Corporation (May 2, 2019) – Take It Beyond The Limit: Lockheed Martin Completes Critical Testing Milestone For NASA JPL’s Mars 2020 Rover Heat Shield – Protecting against the extremes of space travel is critical to the success of any mission. Lockheed Martin has successfully completed the flight hardware structure of the heat shield, validating the physical integrity with a final static test after exposing it to flight-like thermal conditions. The heat shield is half of the large and sophisticated two-part aeroshell that Lockheed Martin is designing and building to encapsulate NASA Jet Propulsion Laboratory’s Mars 2020 rover from the punishing heat and friction of entry through the Martian atmosphere.
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Top Leading Key Manufacturers are:
1 The Boeing Company
2 Denel SOC Ltd
3 Kongsberg Gruppen
4 Lockheed Martin Corporation
6 Orbital ATK
7 Raytheon Company
8 Textron Inc and More……………..
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Smart Weapons in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Smart Weapons Market Report 2019
1 Smart Weapons Product Definition
2 Global Smart Weapons Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Smart Weapons Shipments
2.2 Global Manufacturer Smart Weapons Business Revenue
2.3 Global Smart Weapons Market Overview
3 Manufacturer Smart Weapons Business Introduction
3.1 The Boeing Company Smart Weapons Business Introduction
3.1.1 The Boeing Company Smart Weapons Shipments, Price, Revenue and Gross profit 2014-2018
3.1.2 The Boeing Company Smart Weapons Business Distribution by Region
3.1.3 The Boeing Company Interview Record
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