Know about the Incredible Possibilities of Smart Weapons Market by 2023 According to New Research
This Research Studies Smart Weapons Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share, Gross margin analysis
Houston, United States – April 13, 2018 /MarketersMedia/ —
Smart weapons are missile weapons equipped with lasers, televisions, some camera-based systems, or satellite guidance systems. Only a small number of weapons will allow only legitimate personnel to perform operations and attack targets. They are designed in such a way that they cause minimal damage to the surrounding environment and hit the target. They dominate the market because of their characteristics, and all military defense sectors want to include them in assets.
Based on technology, the infrared technology sector is expected to lead the smart weapons market in 2017 and is expected to continue to dominate by 2023. Infrared technologies include night vision, target acquisition, tracking and surveillance. There have been tremendous technological advances in infrared technology. Defense companies have developed infrared lasers, which are used to destroy weapons in the army. Currently, infrared-guided missiles are considered one of the deadliest weapons. They are air-to-air missiles and surface-to-air missiles and include small shoulder-fired weapons.
Global Smart Weapons Market 2017-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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The smart weapon market is classified as a product based on missiles, munitions, guided launch vehicles, guided rockets and precision guided firearms. By product, the munitions sector is expected to lead the smart weapons market. This sector is expected to grow to the highest CAGR during the forecast period, primarily due to an increase in the number of military modernization programs, increased procurement of military equipment, and increased defense budgets.
The smart weapons market in North America and Europe is expected to grow considerably in the future. The North American market is expected to grow to the highest CAGR during the forecast period. This rapid growth can be attributed to the increasing number of R & D activities conducted by research institutes in various countries in the region to develop smart weapons for improved border security and tactical operations. Mainly due to the threat of cross-border terrorism, the region’s major economic armaments and military modernization programs have increased.
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The major players in the smart weapons market are Lockheed Martin, Raytheon Company (USA), MBDA, UK (UK), General Dynamics Corporation (US) and Orbital Attacker (US).
Land sector dominates the smart weapons market by platform. The land sector includes guided weapons fired from major combat tanks, artillery, shoulder-launched weapons, and precision weapons. The land segment is expected to grow at the highest rate during the forecast period. This can be attributed to the increased demand for anti-tank missile systems by the US government. The US government is a key driver of market development by platform. The DoD is currently developing a Joint Air-to-Ground Missile (JAGM) to replace the Hellfire missiles. JAGM offers advanced collimation and colocalization features such as precision point and fire and forget (active and passive) explorer targeting techniques, increased range and increased lethality for soft and hard, movement and stopping. goal.
Over the past few years, intelligent procurement in the defense sector has increased significantly, with increased terrorist activity around the world, primarily in North America and Europe. Smart weapons with laser and infrared technology are being procured in large quantities. Based on technology, the infrared sector is expected to lead the entire smart weapon market in 2016. The laser sector is expected to grow at the highest rate in the next few years. This may be due to increased demand for technologically advanced autonomous weapons.
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