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).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.
Global Land-based Smart Weapons Market Recent Developments & Report Snapshot
Recent Developments:
-
In July 2023, The US Army awarded a contract to Northrop Grumman Corporation to develop precision-guidance kits to transform conventional 155-millimeter artillery shells into GPS-guided smart munitions.
-
In July 2023, Elbit Systems Ltd was awarded a contract to supply PULS (Precise and Universal Launching Systems) rocket launchers and a package of precision-guided long-range rockets to an international customer. The contract is worth USD 150 million, and it will be performed over a period of three years.
Parameters | Description |
---|---|
Market | Global Land-based Smart Weapons Market |
Study Period | 2020 - 2030 |
Base Year (for Global Land-based Smart Weapons Market Size Estimates) | 2023 |
Drivers |
|
Restriants |
|
Opportunities |
|
Segment Analysis
The segmentation analysis of the global land-based smart weapons market provides a nuanced understanding of the diverse array of weapon systems, technologies, and capabilities that contribute to the advancement of military firepower and situational awareness on the battlefield. This segmentation allows for a comprehensive examination of the market landscape, identifying key trends, drivers, and challenges shaping the evolution of smart weapons across various segments and applications.
One significant segment within this classification is guided munitions, which encompasses a wide range of precision-guided weapons equipped with sophisticated guidance systems and targeting capabilities. Guided munitions include missiles, bombs, artillery shells, and rockets equipped with GPS, inertial navigation, laser guidance, or electro-optical guidance systems, enabling them to precisely engage targets with minimal collateral damage. The proliferation of guided munitions has transformed modern warfare, enabling military forces to strike enemy targets with unprecedented accuracy and lethality while minimizing the risk to friendly forces and civilian populations.
Network-enabled weapons enable military forces to achieve a high degree of coordination and synchronization in joint and coalition operations, enhancing the effectiveness of combined arms warfare and enabling distributed lethality across the battlespace. These weapons enable seamless integration with command and control systems, unmanned platforms, and sensor networks, enabling operators to leverage the full spectrum of available capabilities for mission success.
The segment of counter-electronics weapons encompasses systems designed to disrupt or disable enemy electronic systems, communications networks, and command and control infrastructure. Counter-electronics weapons include electronic warfare (EW) systems, directed energy weapons (DEWs), and cyber weapons capable of conducting offensive and defensive operations in the electromagnetic spectrum and cyberspace domains. These weapons play a critical role in denying adversaries the ability to communicate, coordinate, and control their forces, thereby degrading their operational effectiveness and disrupting their ability to conduct military operations.
The segment of non-lethal weapons encompasses a diverse range of munitions and systems designed to incapacitate, deter, or control adversaries without causing permanent harm or loss of life. Non-lethal weapons include riot control agents, stun grenades, acoustic weapons, and directed energy devices capable of delivering non-lethal effects such as temporary blindness, disorientation, or incapacitation. These weapons provide military forces and law enforcement agencies with additional options for force escalation and crowd control in situations where lethal force may not be warranted or appropriate.
Global Land-based Smart Weapons Segment Analysis
In this report, the Global Land-based Smart Weapons Market has been segmented by Product, Technology and Geography.
Global Land-based Smart Weapons Market, Segmentation by Product
Global Land-based Smart Weapons Market, Segmented by Product into Missiles, Ammunition and Others.
The segmentation of the global land-based smart weapons market by product offers a comprehensive overview of the diverse range of weapon systems and technologies employed in modern warfare, catering to various operational requirements and mission objectives. This segmentation highlights the distinct categories and capabilities of smart weapons deployed across land-based platforms, providing valuable insights into the evolving landscape of military firepower and combat effectiveness.Guided missiles encompass a variety of subtypes, including anti-tank missiles, anti-aircraft missiles, surface-to-surface missiles, and anti-ship missiles, each optimized for specific engagement scenarios and target sets. Equipped with advanced guidance systems such as GPS, inertial navigation, or semi-active laser homing, guided missiles enable military forces to engage armored vehicles, aircraft, ships, and fortified positions with precision and lethality, significantly enhancing their operational effectiveness on the battlefield.
By leveraging advanced guidance technologies and targeting systems, precision-guided bombs enable military aircraft and unmanned aerial vehicles (UAVs) to conduct precision strikes against enemy installations, infrastructure, and personnel, thereby maximizing operational efficiency and minimizing the risk to friendly forces and civilians.
Smart artillery munitions include artillery shells, rockets, and mortars fitted with GPS-guided kits, trajectory correction kits, or terminal seekers, enabling them to accurately engage targets at extended ranges and in adverse weather conditions. These munitions enhance the lethality and responsiveness of artillery units, enabling them to deliver precise and effective fire support to ground forces engaged in combat operations, counter-battery missions, and strategic strikes against enemy positions.
The segment of network-enabled weapons encompasses a range of smart weapons integrated with advanced communication and networking technologies, enabling them to exchange real-time data, coordinate engagements, and collaborate with other weapon systems and platforms. Network-enabled weapons include air-to-ground missiles, ground-launched missiles, and surface-to-air missiles equipped with network-centric capabilities, enabling them to receive targeting data from airborne platforms, ground-based sensors, and command and control nodes. By leveraging networked communications and collaborative engagement concepts, network-enabled weapons enable military forces to achieve greater situational awareness, interoperability, and effectiveness in joint and coalition operations, enhancing their combat capabilities and operational flexibility.
The segmentation of the global land-based smart weapons market by product underscores the diverse range of weapon systems and technologies driving the evolution of modern warfare. By examining key segments such as guided missiles, precision-guided bombs, smart artillery munitions, and network-enabled weapons, analysts can gain valuable insights into the technological trends, operational requirements, and market dynamics shaping the future of land-based smart weapons and their role in enhancing military capabilities and achieving strategic objectives on the modern battlefield.
Global Land-based Smart Weapons Market, Segmentation by Technology
Global Land-based Smart Weapons Market, Segmented by Technology into Satellite Guidance, Radar Guidance, Infrared Guidance and Laser Guidance.
Guidance and navigation technologies include global positioning system (GPS) receivers, inertial navigation systems (INS), laser guidance systems, and radar guidance systems, each offering distinct advantages in terms of precision, range, and resistance to countermeasures. By leveraging advanced guidance and navigation technologies, smart weapons can navigate complex terrain, counter enemy defenses, and engage moving targets with precision, significantly enhancing their lethality and operational flexibility in diverse combat scenarios.
Target acquisition and tracking technologies include electro-optical/infrared (EO/IR) sensors, synthetic aperture radar (SAR), active electronically scanned array (AESA) radars, and multi-mode seekers, each optimized for different environmental conditions and target sets. By providing accurate and timely targeting information, target acquisition and tracking technologies enable smart weapons to engage high-value targets with precision, reducing the risk of collateral damage and maximizing operational effectiveness on the battlefield.
The segment of propulsion technology encompasses the propulsion systems and engines used to propel smart weapons to their intended targets at high speeds and with sufficient range. Propulsion technologies include solid rocket motors, liquid-fueled engines, turbojet engines, and ramjet engines, each offering different levels of performance, efficiency, and maneuverability. By leveraging advanced propulsion technologies, smart weapons can achieve high speeds, extend their range, and maneuver to evade enemy defenses, enhancing their survivability and effectiveness in contested airspace and ground environments.
The segment of warhead technology involves the design and development of warheads optimized for various target sets and mission objectives. Warhead technologies include high-explosive (HE) warheads, fragmentation warheads, penetrator warheads, and specialized warheads such as thermobaric and shaped charge munitions, each designed to deliver specific effects against different types of targets. By incorporating advanced warhead technologies, smart weapons can achieve precise and lethal effects against hardened targets, armored vehicles, personnel, and infrastructure, enabling military forces to neutralize enemy threats with minimal collateral damage and civilian casualties.
Global Land-based Smart Weapons Market, Segmentation by Geography
In this report, the Global Land-based Smart Weapons Systems Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Land-based Smart Weapons Market Share (%), by Geographical Region, 2023
North America, which traditionally accounts for a significant share of the global land-based smart weapons market. The United States, in particular, is a major player in this market, driven by its substantial defense budget, technological prowess, and extensive military capabilities. The U.S. Department of Defense (DoD) invests heavily in the development and procurement of advanced land-based smart weapons, including guided missiles, precision-guided bombs, and network-enabled weapons, to maintain military superiority and address emerging security threats. Additionally, the presence of leading defense contractors and research institutions in North America further contributes to the region's dominance in the global smart weapons market.
Europe, which represents a significant market for land-based smart weapons, driven by the defense modernization efforts of NATO member states and other European countries. With increasing security challenges and geopolitical tensions in the region, European nations are investing in advanced weapon systems and technologies to enhance their defense capabilities and address emerging threats. Countries such as the United Kingdom, France, Germany, and Italy are actively pursuing the development and procurement of smart weapons, including guided missiles, precision-guided munitions, and integrated command and control systems, to bolster their military capabilities and maintain regional security.
The Asia-Pacific region is emerging as a key growth market for land-based smart weapons, fueled by rising defense expenditures, territorial disputes, and security concerns across the region. Countries such as China, India, Japan, South Korea, and Australia are investing heavily in the development and acquisition of advanced weapon systems to modernize their armed forces and address evolving security challenges. The Asia-Pacific region offers significant opportunities for defense contractors and technology providers, particularly in the fields of guided missiles, network-enabled weapons, and counter-electronics systems, as countries seek to enhance their military capabilities and maintain regional stability.
The Middle East and Africa region also present opportunities for growth in the land-based smart weapons market, driven by ongoing conflicts, security threats, and geopolitical tensions in the region. Countries such as Saudi Arabia, Israel, Turkey, and the United Arab Emirates are investing in advanced weapon systems and technologies to bolster their defense capabilities and address regional security challenges. The demand for smart weapons, including precision-guided munitions, guided missiles, and counter-electronics systems, is expected to remain robust in the Middle East and Africa, driven by defense modernization initiatives and the need to counter asymmetric threats and insurgencies.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Land-based Smart Weapons Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers:
- Demand for Precision Strike Capabilities
- Integration of Smart Weapons into Network-Centric Warfare
- Technological Advancements
-
Modernization of Military Forces - One of the primary drivers behind the modernization of military forces is the evolving nature of security threats and geopolitical dynamics. In an increasingly complex and uncertain global security environment, characterized by asymmetric warfare, terrorism, and regional instability, nations are compelled to adapt and upgrade their military capabilities to effectively address emerging challenges and safeguard their national interests. The proliferation of advanced weapons and technologies further necessitates the modernization of military forces to maintain strategic parity and deter potential adversaries.
Rapid technological advancements and innovations are driving the transformation of modern warfare, leading to the development of increasingly sophisticated and capable smart weapons systems. Nations recognize the importance of leveraging cutting-edge technologies such as artificial intelligence, unmanned systems, and network-centric warfare capabilities to enhance the lethality, precision, and effectiveness of their land-based smart weapons. By investing in research and development initiatives and partnering with leading defense contractors and technology firms, countries seek to acquire and deploy advanced smart weapons systems that provide them with a decisive edge on the battlefield.
The imperative to replace aging and obsolete military equipment with modern, state-of-the-art systems drives the modernization efforts of military forces across various regions. Many nations are facing the challenge of maintaining aging fleets of conventional weapons and platforms, which are increasingly becoming obsolete and vulnerable to emerging threats. As such, there is a growing emphasis on procuring next-generation smart weapons systems capable of meeting the evolving operational requirements and addressing emerging security challenges.
Geopolitical considerations and strategic imperatives play a crucial role in driving the modernization of military forces. Nations seek to assert their influence, protect their sovereignty, and secure vital national interests in an increasingly competitive and contested global environment. As geopolitical tensions rise and strategic rivalries intensify, countries invest in enhancing their military capabilities to deter potential adversaries, project power, and maintain regional stability. The modernization of military forces is thus seen as a strategic imperative to safeguard national security interests and assert influence in key strategic regions.
Restraints:
- Cybersecurity Risks
- Compatibility and Interoperability Challenges
- High Development and Procurement Costs
-
Geopolitical Tensions and Arms Races - Geopolitical tensions and arms races represent significant restraints impacting the global land-based smart weapons market, exerting influence on regional dynamics and military procurements. Heightened geopolitical tensions between nations and the proliferation of arms races contribute to increased defense spending and strategic posturing, thereby driving demand for advanced weapon systems. However, while these factors stimulate market growth to some extent, they also introduce complexities and uncertainties that pose challenges to market participants.
The escalation of regional conflicts and security threats, leading to a surge in demand for land-based smart weapons as nations seek to bolster their defense capabilities and deter potential adversaries. This heightened demand can create opportunities for market expansion, particularly for suppliers of advanced guided munitions, precision-guided bombs, and network-enabled weapons. However, the volatile nature of regional conflicts and shifting alliances also presents risks, as escalating tensions may increase the likelihood of armed confrontations and military engagements, potentially disrupting supply chains and market dynamics.
Arms races fueled by geopolitical rivalries can exacerbate security dilemmas and contribute to an escalation of military expenditures among competing nations. The pursuit of technological superiority and military dominance drives investments in research and development, leading to the proliferation of advanced weapon systems and the emergence of new capabilities. While this arms buildup may stimulate market growth in the short term, it also poses long-term challenges, such as arms proliferation, arms races, and the risk of unintended escalation.
Geopolitical tensions and arms races can complicate international cooperation and arms control efforts, hindering diplomatic efforts to promote peace, stability, and disarmament. Heightened mistrust and competition among nations may impede multilateral agreements and arms control treaties, leading to a lack of transparency and accountability in the arms trade. This regulatory uncertainty and geopolitical instability can create obstacles for market participants, as they navigate complex regulatory environments and geopolitical risks when conducting business across international borders.
The geopolitical landscape influences strategic alliances and defense partnerships, shaping procurement decisions and market dynamics. Nations often form alliances and security partnerships based on shared geopolitical interests and security concerns, influencing defense procurement strategies and market preferences. However, shifts in geopolitical alliances and realignments can disrupt established market relationships and alter procurement priorities, posing challenges for market participants seeking to maintain market share and competitiveness.
Geopolitical tensions and arms races drive demand for land-based smart weapons, they also introduce uncertainties and complexities that pose challenges for market participants. Balancing opportunities with risks, navigating regulatory environments, and adapting to shifting geopolitical dynamics are essential for stakeholders seeking to capitalize on market growth while mitigating potential restraints associated with geopolitical tensions and arms races.
Opportunities:
- Demand for Precision Strike Capabilities
- Urban Warfare and Close Combat Operations
-
Integrated Multi-Domain Operations - The current market share of integrated multi-domain operations (IMDO) within the global land-based smart weapons market presents a significant opportunity for further development and expansion in the coming years. Integrated multi-domain operations represent a paradigm shift in military strategy, emphasizing the seamless integration and synchronization of land, air, sea, space, and cyberspace capabilities to achieve decisive effects across multiple domains. By leveraging advanced technologies, network-centric architectures, and collaborative engagement concepts, IMDO enables military forces to achieve greater agility, lethality, and resilience in the face of emerging threats and dynamic operational environments.
One of the key drivers behind the increasing adoption of integrated multi-domain operations is the growing recognition of the need for holistic and integrated approaches to warfare in response to evolving security challenges and peer adversaries' advancements. In today's contested and rapidly changing strategic environment, traditional linear approaches to warfare are increasingly inadequate, requiring military forces to adopt more flexible, agile, and interconnected operational concepts. Integrated multi-domain operations provide a framework for achieving strategic and operational superiority by leveraging the full spectrum of military capabilities across land, air, sea, space, and cyberspace domains, enabling military forces to achieve decisive effects against sophisticated adversaries.
Integrated multi-domain operations offer significant opportunities for enhancing interoperability and collaboration among allied and partner nations, facilitating joint and coalition operations in support of shared security objectives. By promoting information sharing, data fusion, and collaborative decision-making among diverse military forces, IMDO enables joint and coalition partners to achieve greater synergy and effectiveness in combined operations, enhancing their collective ability to deter aggression, respond to crises, and maintain regional stability.
The integration of advanced technologies such as artificial intelligence, machine learning, and autonomous systems into integrated multi-domain operations offers additional opportunities for enhancing operational efficiency and effectiveness. AI-powered algorithms can analyze vast amounts of sensor data, identify patterns, and predict enemy intentions, enabling military forces to anticipate and counter emerging threats proactively. Machine learning techniques can optimize decision-making processes by learning from past experiences and adapting to changing operational conditions in real-time, enabling commanders to make informed decisions and execute mission plans with greater speed and precision.
The adoption of integrated multi-domain operations is expected to drive demand for advanced land-based smart weapons capable of operating in highly contested and integrated operational environments. Smart weapons equipped with network-centric capabilities, advanced guidance systems, and multi-mode seekers will play a crucial role in supporting integrated multi-domain operations by providing precision strike capabilities against time-sensitive targets, disrupting enemy command and control networks, and neutralizing emerging threats across multiple domains.
The integration of integrated multi-domain operations represents a transformative opportunity for the global land-based smart weapons market, enabling military forces to achieve greater agility, lethality, and resilience in the face of evolving security challenges. By embracing the principles of IMDO and investing in advanced technologies and capabilities, military forces can enhance their operational effectiveness and achieve decisive effects across multiple domains, thereby strengthening their ability to deter aggression, defend national interests, and maintain peace and stability in an increasingly complex and contested strategic environment.
Competitive Landscape Analysis
Key players in Global Land-based Smart Weapons Market include:
- Lockheed Martin Corporation
- BAE Systems plc
- RTX Corporation
- MBDA
- Rafael Advanced Defense Systems Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Technology
- Market Snapshot, By Region
- Global Land-based Smart Weapons Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
-
Demand for Precision Strike Capabilities
-
Integration of Smart Weapons into Network-Centric Warfare
-
Technological Advancements
-
Modernization of Military Forces
-
- Restraints
-
Cybersecurity Risks
-
Compatibility and Interoperability Challenges
-
High Development and Procurement Costs
-
Geopolitical Tensions and Arms Races
-
- Opportunities
-
Demand for Precision Strike Capabilities
-
Urban Warfare and Close Combat Operations
-
Integrated Multi-Domain Operations
-
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Land-based Smart Weapons Market, By Product, 2020 - 2030 (USD Million)
- Missiles
- Ammunition
- Others
- Global Land-based Smart Weapons Market, By Technology, 2020 - 2030 (USD Million)
- Satellite Guidance
- Radar Guidance
- Infrared Guidance
- Laser Guidance
- Global Land-based Smart Weapons Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Land-based Smart Weapons Market, By Product, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
-
Lockheed Martin Corporation
-
BAE Systems plc
-
RTX Corporation
-
MBDA
-
Rafael Advanced Defense Systems Ltd.
-
- Company Profiles
- Analyst Views
- Future Outlook of the Market