Smart Weapons Industry - Regional Synopsis
By Region
On the basis of regional analysis, the global smart weapons market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
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. According to other statistics by the International Trade Centre (ITC), exports of bombs, missiles, torpedo, grenades and others in the USA increased from USD 2361292 thousand in the year 2010 to USD 3517156 thousand in the year 2018.
Browse key industry insights with market data tables & charts from the report:
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.
