Global Naval Smart Weapons Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Weapon Type;

Missile, Ammunition, and Others.

By Technology;

Laser Guidance, Radar Guidance, Satellite Guidance, and Infrared Guidance.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn147182223 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Naval Smart Weapons Market (USD Million), 2020 - 2030

In the year 2023, the Global Naval Smart Weapons Market was valued at USD 3,572.91 million. The size of this market is expected to increase to USD 5,407.92 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.1%.

The Global Naval Smart Weapons Market is a dynamic sector within the defense industry, characterized by continuous innovation and technological advancements aimed at enhancing naval capabilities worldwide. Smart weapons, also known as precision-guided munitions, are sophisticated armaments designed to precisely strike targets with high accuracy and minimal collateral damage. As naval warfare evolves to meet modern threats and challenges, the demand for advanced smart weapons rises, driving growth and investment in this market segment.

Key players in the Global Naval Smart Weapons Market include leading defense contractors and technology firms, leveraging their expertise to develop cutting-edge solutions tailored to naval operations. These weapons encompass a diverse range of systems, including anti-ship missiles, torpedoes, anti-submarine warfare weapons, and surface-to-air missiles, among others. With an emphasis on precision and reliability, naval smart weapons play a pivotal role in bolstering maritime security, deterring potential adversaries, and ensuring operational superiority for naval forces across the globe.

By geopolitical tensions and evolving security threats, navies worldwide are increasingly prioritizing the integration of smart weapons into their arsenals to maintain strategic dominance and safeguard maritime interests. Advancements in sensor technology, artificial intelligence, and network-centric warfare have further enhanced the effectiveness of naval smart weapons, enabling real-time target detection, tracking, and engagement with unparalleled precision. As defense budgets continue to allocate resources towards naval modernization programs, the Global Naval Smart Weapons Market is poised for sustained growth, driving innovation and reshaping the future of maritime warfare.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Weapon Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Region
  4. Global Naval Smart Weapons Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Geopolitical Tensions and Security Threats
        2. Modernization Programs and Defense Budgets
        3. nteroperability and Network-Centric Warfare
        4. Focus on Precision and Lethality
      2. Restraints
        1. Stringent Export Controls and Regulations
        2. Budgetary Constraints and Defense Spending Cuts
        3. Cybersecurity Risks and Vulnerabilities
      3. Opportunities
        1. Rising Maritime Security Challenges
        2. Modernization Initiatives
        3. Arctic and Maritime Domain Awareness
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Naval Smart Weapons Market, By Weapon Type, 2022 - 2032 (USD Million)
      1. Missile
      2. Ammunition
      3. Others
    2. Global Naval Smart Weapons Market, By Technology, 2022 - 2032 (USD Million)
      1. Laser Guidance
      2. Radar Guidance
      3. Satellite Guidance
      4. Infrared Guidance
    3. Global Naval Smart Weapons Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. The Boeing Company
      2. Lockheed Martin Corporation
      3. Raytheon Technologies Corporation
      4. BAE Systems PLC
      5. Rheinmetall AG
      6. Thales Group
      7. L3Harris Technologies Inc
      8. Northrop Grumman Corporation
      9. Textron Inc.
      10. General Dynamics Corporation
      11. MBDA
      12. Leonardo SpA
  7. Analyst Views
  8. Future Outlook of the Market

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