Smart Weapons Market Worth $6.1 Billion by 2020 – Reports MarketsandMarkets

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The report claims that the smart weapons market is steadily driven by the changing nature of warfare. It also provides analysis of the market drivers and restraints. (



The key players profiled in this report, include Raytheon Company (U.S.), The Boeing Company (U.S.), General Dynamics Corporation (U.S.), Lockheed Martin (U.S.), Alliant Techsystems, Inc. (U.S.), BAE Systems, Plc. (U.K.), Kongsberg Gruppen ASA (Norway)

According to a new market research report the "Smart Weapons Market" is estimated to be worth around $3.8 billion in 2014. The report projects this market to grow at a healthy CAGR of 8.21% from 2014 to 2020. At the estimated CAGR, it expects the market to be worth $6.1 Billion by 2020.

Browse “Smart Weapons Market” through detailed ToC, Data Tables and Figures, spread across over 172 Report Pages.

Early buyers will receive 10% customization on this report.

This report also projects a complete geography-wise analysis of the global Smart Weapons Market. This analysis includes product-level segmentations across major geographic regions including North America, Europe, Asia-Pacific, Middle-East, and the Rest of the World region. The rest of the world region consists of Latin America and Africa.

According to the report, the rising need to provide precision fire capabilities to soldiers operating at the squad and platoon levels has led to the development of guided projectiles. These projectiles are being inducted by all the major global armed forces. The precision effect and reliable first-shot capabilities of these projectiles have also reduced the burden from logistics. The furtherance of technology and deduced costs of these systems are also expected to improve the affordability of the industry products in near future.

This report provides a deep dive analysis of the global Smart Weapons Market. Apart from that, it also highlights the key drivers, restraints, and challenges for the market. The report also provides an in-depth insight on the key market and technological trends of this market. A porter's five forces analysis of this market is incorporated in this report along with the opportunity analysis, based on the upcoming products and prospective growth regions for the global Smart Weapons Market.

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This report also incorporates the competitive landscape of this market based on various developments, contracts, programs, and new product launches for the past five years. The global key market players engaged in manufacturing smart weapons are also profiled in this report.

The major companies covered in this report include Raytheon Company (U.S.), The Boeing Company (U.S.), General Dynamics Corporation (U.S.), and Lockheed Martin (U.S.). The market share of these companies is expected to grow in the coming years. The other key players for this market are Alliant Techsystems, Inc. (U.S.), BAE Systems, Plc. (U.K.), Kongsberg Gruppen ASA (Norway), L-3 Communications Holdings (U.S.), MBDA (U.K.), Rafael Advanced Defense Systems Ltd. (Israel), and NORINCO (China).

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