1 / 7

Global Smart Weapons Market: Leading Segments and their Growth Drivers 2026

More Information @ https://bit.ly/3d9tKnB <br>Rising cross-border tension between nations and changing trade relations is likely to drive new demand in smart weapons market over the coming years. There has been an increase in cases of geopolitical conflicts in recent years, especially since the COVID-19 pandemic.<br>

dorotheapiper
Download Presentation

Global Smart Weapons Market: Leading Segments and their Growth Drivers 2026

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Smart Weapons Market: Things to Focus on to Ensure Long-term Success 2020-2026

  2. Industry Overview • Accordingly, to Global Market Insights Land-based smart weapons market have managed to hold a significant portion of overall market share, with the segment accounting for almost USD 1.5 billion in 2019. Governments have begun to allocate a sizable section of their defense budget to acquire or develop land-based defense systems and smart weapons.estimates that the smart weapons market might cross USD 19 billion by the year 2026. • Rising cross-border tension between nations and changing trade relations is likely to drive new demand in smart weapons market over the coming years. There has been an increase in cases of geopolitical conflicts in recent years, especially since the COVID-19 pandemic. • Rising trade disputes between countries like the U.S. and China has led to increasing global tension. This has forced countries to increase their investments in the defense sector as well as on developing advance weapon technologies.

  3. Continue… • Robust advancements have supported the production of new navigation systems that enhance a weapon’s operational accuracy. Increasing innovations may thereby help drive heavy demand for smart weapons market that ensure minimal chances of friendly fire and increased accuracy. • On the regional forefront, Asia Pacific is expected to record strong demand for smart weapons market, with the region likely to control over 20% of global market share by 2026. Growing purchase of latest military grade vehicles and weapons to showcase overall strength and dominance could drive the demand for smart ammunitions in APAC. • Additionally, Asian countries are actively taking part in numerous acquisition activities for improving air defense systems. Taking November 2019 for instance, India strengthened its air defense arsenal by adding its first Rafael Jet.

  4. Browse Full Market Research Report @ https://bit.ly/30OWNdJ Request for a Sample of this Research report @ https://bit.ly/3d9tKnB

  5. Growth Drivers • Integration of various connected technologies in smart weapons • Use of multiple communication and navigation components • Rise in defense budget allocation towards acquisition of latest munitions • Increasing indigenous development and manufacturing capabilities in APAC

  6. Continue… • Moreover, major smart weapons market players are working with federal authorities and defense organizations to develop smart munitions. As of now, the industry for smart weapons led by companies like Aselsan A.S., Airbus Defence & Space, Diehl Defence, BAE Systems PLC, Hanwha Corporation, General Dynamics, Israel Aerospace Industries Ltd., L3Harris, Kongsberg Gruppen, JSC Concern Vko "Almaz-Antey", Lockheed Martin Corporation, Leonardo S.P.A., Northrop Grumman Co, MBDA, Raytheon Company, Rafael Advanced Defense Systems, Thales Group, The Boeing Company, and Rheinmetall AG.

  7. Stay In Touch Website: www.gminsights.com Social Media:

More Related