Renewed emphasis on advanced capabilities to drive growth at a CAGR of 3.7%
BOSTON, June 21, 2016 /PRNewswire/ -- A renewed emphasis on advancing Smart Weapon capabilities to counter evolving threats such as A2/AD (anti-access Area Denial) envelopes, combined with on-going demand from asymmetric wars and continued force modernizations in emerging countries is driving spending across the full range of Smart Weapons. The Strategy Analytics Advanced Defense Systems (ADS) service series of Smart Weapon (SW) forecasts, outline global defense expenditure trends segmented on a regional basis before breaking out the expected spend on Smart Weapons incorporating subsystems, hardware, support and related services across the land, air and naval domains.
- The squeeze on military budgets particularly in the Western countries as well as technology advances are translating to adoption of fewer but more capable new Smart Weapon platforms across domains.
- The total number of Smart Weapon shipments is forecast to grow at a CAGR of 3.5% through 2025 to reach 162,943 units.
- The associated market for Smart Weapon subsystems such as navigation and guidance, target seekers, datalinks, fuzes etc. will grow from $9.3 billion in 2015 to $13.4 billion.
Strategy Analytics Smart Weapons Market Outlook outlines analysis looking at the total smart weapons sector in terms of overall expenditure, as well as detailing expected shipments and associated demand for the underpinning subsystems. The underlying numerical data is available in the Global SW Market and Technology Forecast: 2015 – 2025 data model. Further detailed numerical data for Smart Weapons across the respective domains is available in the following series of forecasts:
"The squeeze on military budgets particularly in Western countries will be counteracted by technology advances translating to the adoption of fewer but more capable new Smart Weapon platforms across domains," noted Eric Higham, North American Director for ADS.
"RF and millimeterwave technologies underpin a range of Smart Weapon subsystems enabling navigation and guidance, fuzing, target seekers and this will support a number of the key trends driving towards enhanced capability platforms over the next ten years," added Asif Anwar, Director of the ADS service. "Moving forwards, directed energy weapons (DEW) will fundamentally change how future battles are fought with laser weapons leading the charge alongside developments around electromagnetic pulsed weapons and high power microwave (HPM) payloads."
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European Contact: Asif Anwar, +44(0) 1908 423 635, email@example.com
US Contact: Eric Higham, +1 617 614 0721, firstname.lastname@example.org
SOURCE Strategy Analytics