DUBLIN, Apr. 08, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/b8tszx/smart_weapons) has announced the addition of the "Smart Weapons Market by Product (Missiles (Anti-Tank, Anti-Aircraft, Standoff) Munitions (Guided Bombs & Target Pods), Guided Projectile (Artillery Shells & Mortar Rounds), Guided Rockets, Precision Guided Firearm), Technology, Platform, Region - Forecast & Analysis 2014 - 2020" report to their offering.
The global smart weapons market is projected to be around $5.12 billion in 2014 and is expected to reach $8.55 billion in 2020, growing at a CAGR of 8.93% from 2014 to 2020. The global market is driven by the growth in demand for precision strike weapons. While, arm transfer regulation imposed on import and export of smart weapons pose as the major restraint for this market.
The nature of warfare has changed drastically over the past decade. In recent years, the threats from posed on human life from insurgent activities have increased very rapidly, since the terrorist groups have strengthen their power through tactical innovation, strong networking, and intelligent Technological advances in the development of smart weapons have given us the capability to face the enemy in an efficient and effective manner.
Recent conflicts across the globe have emphasized the need for precision attacks and stand-off surgical strikes. There is an imperative need to avoid collateral damage and at the same time to provide combatant commanders with an efficient fire power capability that could create an immediate positive effect on the battlefield. These needs are met by smart weapons, which are increasingly being taken into the inventory of the armed forces. Given the need for such systems, the demand is expected to increase during and after the forecast period.
This report is focused on giving a detail-view of the complete smart weapons industry with regards to the products market with detailed market segmentations, combined with qualitative analysis at each and every aspect of the classifications done by technology, devices, characteristics, products, geography, and country. All the numbers in terms of the revenue at every level of detail, are forecasted till 2020 to give a glimpse of the potential revenue base in this market.
This report consists of a detailed description of the global smart weapons market on the basis of systems, end users, service, components, and geography over the next six years. The report discusses the industry, market, and technology trends which currently prevail in this market. On the basis of products, the global market is categorized into anti-tank missiles, anti-aircraft missiles, stand-off missiles, guided bombs, target pods, guided artillery shells, guided mortar rounds, guided rockets, and precision guided firearm. Each of these products is further classified into sub-segments on the basis of technology and platform. The various technologies considered in this report are radar, laser, infra-red, microwave, global positioning systems, and other technologies encompassing video guidance systems, terrain mapping systems, and inertial navigation systems.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Weapons Market, By Product
8 Smart Weapons Market, By Technology
9 Smart Weapons Market, By Platform
10 Smart Weapons Market, By Region
11 Competitive Landscape
12 Company Profiles
- Alliant Techsystems, Inc.
- BAE Systems Plc
- General Dynamics Corporation
- L-3 Communications Holdings, Inc.
- Lockheed Martin Corporation
- MBDA, Inc.
- Rafael Advanced Defense Systems Ltd.
- Raytheon Company
- Rheinmetall AG
- Textron, Inc.
- Thales Group
- The Boeing Company
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SOURCE Research and Markets