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

By Product;

Missiles, Ammunition and Others.

By Technology;

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

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn157214836 Published Date: March, 2024 Updated Date: April, 2024

Introduction

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

In the year 2023, the Global Land-based Smart Weapons Market was valued at USD 4,159.37 million. The size of this market is expected to increase to USD 7,036.53 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.8%.

The global land-based smart weapons market is poised for substantial growth, driven by advancements in technology, evolving military doctrines, and increasing geopolitical tensions. Smart weapons, equipped with advanced guidance systems, precision targeting capabilities, and network-centric functionalities, are revolutionizing modern warfare by offering enhanced accuracy, lethality, and mission effectiveness. As military forces worldwide seek to modernize their arsenals and maintain a competitive edge in an increasingly complex security landscape, the demand for land-based smart weapons is expected to surge over the forecast period from 2024 to 2030.

With the proliferation of non-state actors, insurgent groups, and terrorist organizations, there is a heightened demand for precision-guided munitions (PGMs) and smart weapons capable of precisely targeting high-value enemy assets while minimizing collateral damage. Land-based smart weapons, including guided missiles, artillery shells, and anti-tank missiles, offer unparalleled precision and lethality, enabling military forces to neutralize threats with surgical precision and achieve mission objectives with minimal risk to friendly forces and civilians.

Technological advancements in guidance systems, sensor fusion, and data processing are driving the development of next-generation smart weapons with improved accuracy, range, and lethality. Integration of GPS, inertial navigation systems (INS), and terminal homing seekers enables land-based smart weapons to navigate complex terrain, evade enemy defenses, and strike targets with pinpoint accuracy even in adverse weather conditions and GPS-denied environments. Additionally, advancements in artificial intelligence (AI) and machine learning algorithms enhance the autonomous capabilities of smart weapons, enabling them to adapt to dynamic battlefield conditions and engage moving targets with unprecedented accuracy and effectiveness.

The growing trend towards network-centric warfare and integrated joint operations is fueling the demand for land-based smart weapons that can seamlessly integrate with existing command and control systems and collaborate with other platforms and assets in real-time. Smart weapons equipped with network-enabled capabilities, such as data link communication, target sharing, and collaborative engagement, enhance situational awareness, improve decision-making, and enable coordinated multi-domain operations across land, air, sea, and cyberspace domains.

The global land-based smart weapons market is poised for robust growth driven by technological advancements, evolving operational requirements, and increasing security challenges. As military forces worldwide seek to enhance their precision strike capabilities and maintain superiority in modern warfare, the demand for advanced land-based smart weapons is expected to escalate, presenting lucrative opportunities for manufacturers, suppliers, and defense contractors operating in this burgeoning market segment.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Region
  4. Global Land-based Smart Weapons Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand for Precision Strike Capabilities

        2. Integration of Smart Weapons into Network-Centric Warfare

        3. Technological Advancements

        4. Modernization of Military Forces

      2. Restraints
        1. Cybersecurity Risks

        2. Compatibility and Interoperability Challenges

        3. High Development and Procurement Costs

        4. Geopolitical Tensions and Arms Races

      3. Opportunities
        1. Demand for Precision Strike Capabilities

        2. Urban Warfare and Close Combat Operations

        3. Integrated Multi-Domain Operations

    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. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Land-based Smart Weapons Market, By Product, 2020 - 2030 (USD Million)
      1. Missiles
      2. Ammunition
      3. Others
    2. Global Land-based Smart Weapons Market, By Technology, 2020 - 2030 (USD Million)
      1. Satellite Guidance
      2. Radar Guidance
      3. Infrared Guidance
      4. Laser Guidance
    3. Global Land-based Smart Weapons Market, By Geography, 2020 - 2030 (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. Lockheed Martin Corporation

      2. BAE Systems plc

      3. RTX Corporation

      4. MBDA

      5. Rafael Advanced Defense Systems Ltd.

  7. Analyst Views
  8. Future Outlook of the Market

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