“Global Military Smart Weapons market set to grow to $21,695mn in 2019” says Visiongain report

19 December 2018
Defence

Visiongain has launched a new defence report Military Smart Weapons Market Report 2019-2029: Top Companies at the Forefront of Radar, GPS/INS, Infrared & Laser Precision Guided Weapons, Munitions, Bombs & Missile Development and Technologies Maverick, Paveway, SARH, ARH, Beam Riding, Passive Seekers.

As per Visiongain analysis, the Global Military Smart Weapons Market is expected to reach US$ 21.695mn in 2019. The market for Military Smart Weapons is expected to witness growth over the forecast the period 2019-2029. Currently, Military Smart Weapons are the main medium by which advanced military nations wage war, and their deployment is considered by military strategists as a crucial preliminary measure, before invading a territory with ground forces. Military Smart Weapons utilise a wide range of technologies to locate and guide them to a target, including radar, Global Positioning Systems (GPS), Inertial Navigation Systems (INS), infrared, laser, and more rudimentarily by wire. Indeed, the submarkets quantified and analysed throughout this report are defined by the technology used to guide them. These are: radar-guided weapons, GPS/INS-guided weapons, infrared-guided weapons, laser-guided weapons and other-guided weapons which include wire-tracked, sonar-guided, acoustic-homing and electro-optical tracking missiles. More detailed definitions for each of the five submarkets are given in this report. Visiongain also includes contracts relating to the modification, repair and overhaul (MRO) of Military Smart Weapons, to accurately quantify the global market.

Demand in emerging national markets such as India, China and Russia will rise, though economic growth fails to accelerate and the effects of oil price restraint and Western sanctions bite into the latte. Geopolitical rivalry and regional tension will demand more comprehensive precision and stand-off capabilities in these markets, driving growth in the Smart Weapons market. This is particularly the case in China, which is undergoing an intense build-up of its more modern capabilities, whilst also attempting to act unilaterally in its island-building activities in the South China Sea. Similarly, India and its force-modernisation aspirations will involve the upgrading of munitions capabilities.

The 398-page report contains 141 tables, and 162 figures that add visual analysis in order to explain developing trends within the Global Military Smart Weapons market.

The comprehensive report offers market forecasts and analysis for leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’

The Military Smart Weapons Market Report 2019-2029 report will be of value to anyone who wants to better understand the Global Military Smart Weapons market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the defence industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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