Скачать или смотреть Global Smart Weapon Market – Analysis and Forecast (2022-2030)

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The global smart weapon market is anticipated to grow from USD 14.55 billion in 2021 to USD 25.6 billion by 2030, registering a CAGR of 6.75% during the forecast period. Smart weapons, also known as precision-guided weapons, are computer-assisted ammunitions equipped with infrared, laser, radio, GPS, and satellite-guided systems, offering incredibly high levels of precision and accuracy. The goal of smart weapons is to hit the target accurately while minimizing collateral damage and fatality. Because smart weapons are controlled and aided by external operating systems that are located in a different geographical area, they have altered how war engagements are conducted. Smart weapons have safety features that include RFID (Radiofrequency Identification Device) chips, fingerprint identification, biometric sensors, mechanical locks, and magnetic kits. Different types of smart weapons are available and being developed as a result of breakthroughs in weapon manufacturing technology. The military budget is increasing in developing nations like India and China as they upgrade their equipment and deploy smart weapons.

Factors attributing to the market growth of the smart weapon industry include the robust integration of several communication and navigation technologies in the weapons system, rising market demand for developed precision strike weapons, rising terrorist activities, unstable security of countries, and rising demand for remote weapon stations. The global smart weapon industry has seen increased market demand as a result of rising maintenance costs and ageing military equipment. Smart weapons' excellent precision and fire-and-forget capabilities make them suitable for both surgical strikes and counterinsurgency operations in populated areas. A growing number of target acquisition, navigation, and attack tasks are being performed by smart weapons instead of human operators as a result of major breakthroughs in the algorithm, processor, and sensor technology.

North America dominates the smart weapon industry owing to increased initiatives by the US government to develop and deploy smart munition, rising defence budget, and favourable regulatory framework, ad technological development by the key players in the region. Moreover, one of the main reasons supporting R&D initiatives for the smart weapon system in the U.S. is the growing significance of minimizing casualties from friendly fire.

Lockheed Martin Corporation LMT was awarded a modification contract to support the Aegis Weapon System ("AWS") baselines in September 2022. The contract was awarded by the Naval Sea Systems Command in Washington, D.C. The contract, worth $17.6 million, is expected to be completed by May 2023. The contract calls for AWS to provide ship integration and test support for AWS baselines via Advanced Capability Build (ACB)16. The majority of the transaction's work will be done in Moorestown, NJ.

Some of the major industry players operating in the global smart weapon market include Lockheed Martin Corporation, MBDA, Rafael Advanced Defense Systems Ltd., Boeing, Raytheon Technologies Corporation, Thales, Northrop Grumman, Denel Dynamics, General Dynamics Corporation, and Rheinmetall AG.

Source: VynZ Research