Smart Weapons Segmentation
The market is segmented by platform into air, land and naval, out of which, air segment is anticipated to hold the largest market share on the back of advancing technologies for guided smart weapons and increasing demand for precisely guided weapons which minimizes collateral damage, but increases the lethality against intended targets. Moreover, smart weapons that can be launched by air, provides a standoff distance, allowing the launcher to launch the weapons outside the most intense air defenses around the target site. Such factors are anticipated to promote the growth of the segment in the global smart weapons market.
Our in-depth analysis of the global market includes the following segments
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of smart weapons is estimated at USD 20.14 billion.
Smart Weapons Market size was over USD 19.3 billion in 2024 and is anticipated to cross USD 36.85 billion by 2037, growing at more than 5.1% CAGR during the forecast period i.e., between 2025-2037.
North America industry is estimated to account for largest revenue share by 2037, backed by availability of huge amount of money for expenditure on arms and ammunitions, along with growing trade of the nation of such weapons and favorable regulations from the government.
The major players in the market are Raytheon Company, Northrop Grumman Corporation, MBDA Inc., Lockheed Martin Corporation, General Dynamics Corporation, The Boeing Company, BAE Systems, Textron Inc., L3Harris Technologies, Inc., Israel Aerospace Industries (IAI) Group, and others.
