Market Overview:
The global land-based smart weapon market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision-guided munitions (PGMs) and missiles from defence forces across the world. Additionally, the growing trend of miniaturization of weapons is also contributing to the growth of this market. The land-based smart weapon market can be segmented on the basis of type into missiles, ammunitions, and other products. The missiles segment is expected to account for a major share in terms of revenue in this market during the forecast period owing to their high accuracy and lethality as compared to other types of weapons. The ammunitions segment includes artillery shells, mortar rounds, grenades, and others.
Product Definition:
A land-based smart weapon is a guided munition that is designed to be launched from a ground platform, such as a tank or artillery system. These weapons have the ability to hit targets with pinpoint accuracy, making them an important tool in modern warfare.
Missiles:
The global missiles, it's usage and growth factor in the land-based smart weapon market size was valued at USD 5.96 billion in 2016. The increasing need for a cost-effective solution to tackle security challenges is expected to drive the market over the forecast period. In addition, technological advancements coupled with growing demand for enhanced military capabilities are also anticipated to fuel industry growth over the next few years.
Ammunitions:
Ammunitions is a unique, patented blend of amino acids formulated to enhance the performance of any Land-based Smart Weapon. It increases accuracy and reduces the time needed for aiming by making it easier to line up a shot.
Application Insights:
The land-based smart weapon market has been segmented on the basis of application into the army, defence and homeland security. The homeland security segment is anticipated to witness significant growth over the forecast period owing to increasing investments in developing nations for enhancing their preparedness for emergencies such as natural disasters, civil wars or terrorism.
The investment is expected to enhance capabilities of police forces and other first responders such as firefighters and medical teams by providing them with critical information necessary during emergencies. Furthermore, it is also likely that these systems will be installed in public safety agencies including fire departments across U.S., Canada, Mexico and Australia over the next few years.
Regional Analysis:
North America dominated the global land-based smart weapon market in 2017. The U.S., which is at the forefront of technological advancements, has a strong presence across this region and is also a major consumer of these weapons. The Middle East & Africa region is expected to grow significantly over the forecast period owing to increasing conflicts within and outside its borders, thus driving regional growth.
The Asia Pacific regional market for LGBSWs witnessed significant growth during the last decade on account of rising tensions between nuclear-armed states such as India and Pakistan as well as other South Asian countries that have resulted into an increased emphasis by respective governments on developing sophisticated arms & equipment suitable for warfare conditions This trend will continue over the next eight years thereby driving demand from this region.
Growth Factors:
- Increasing demand for smart weapons from the military and law enforcement agencies across the globe
- Proliferation of smart weapons in various regional markets
- Growing investments by key players in research and development of smart weapon technologies
- Rising number of terrorist attacks and cross-border conflicts worldwide
- Technological advancements in smart weapon systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Land-based Smart Weapon Market Research Report
By Type
Missiles, Ammunitions, Other Products
By Application
Army, Defence
By Companies
BAE Systems PLC, IAI Group, MBDA Inc., Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corporation, Rheinmetall AG, Lockheed Martin Corporation, Safran SA, General Dynamics Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Land-based Smart Weapon Market Report Segments:
The global Land-based Smart Weapon market is segmented on the basis of:
Types
Missiles, Ammunitions, Other Products
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Army, Defence
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BAE Systems PLC
- IAI Group
- MBDA Inc.
- Northrop Grumman Corporation
- Rafael Advanced Defense Systems Ltd
- Raytheon Technologies Corporation
- Rheinmetall AG
- Lockheed Martin Corporation
- Safran SA
- General Dynamics Corporation
Highlights of The Land-based Smart Weapon Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Missiles
- Ammunitions
- Other Products
- By Application:
- Army
- Defence
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Land-based Smart Weapon Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A land-based smart weapon is a weapon that can be deployed from a ground or naval platform.
Some of the key players operating in the land-based smart weapon market are BAE Systems PLC, IAI Group, MBDA Inc., Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corporation, Rheinmetall AG, Lockheed Martin Corporation, Safran SA, General Dynamics Corporation.
The land-based smart weapon market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Land-based Smart Weapon Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Land-based Smart Weapon Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Land-based Smart Weapon Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Land-based Smart Weapon Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Land-based Smart Weapon Market Size & Forecast, 2018-2028
4.5.1 Land-based Smart Weapon Market Size and Y-o-Y Growth
4.5.2 Land-based Smart Weapon Market Absolute $ Opportunity
Chapter 5 Global Land-based Smart Weapon Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Land-based Smart Weapon Market Size Forecast by Type
5.2.1 Missiles
5.2.2 Ammunitions
5.2.3 Other Products
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Land-based Smart Weapon Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Land-based Smart Weapon Market Size Forecast by Applications
6.2.1 Army
6.2.2 Defence
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Land-based Smart Weapon Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Land-based Smart Weapon Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Land-based Smart Weapon Analysis and Forecast
9.1 Introduction
9.2 North America Land-based Smart Weapon Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Land-based Smart Weapon Market Size Forecast by Type
9.6.1 Missiles
9.6.2 Ammunitions
9.6.3 Other Products
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Land-based Smart Weapon Market Size Forecast by Applications
9.10.1 Army
9.10.2 Defence
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Land-based Smart Weapon Analysis and Forecast
10.1 Introduction
10.2 Europe Land-based Smart Weapon Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Land-based Smart Weapon Market Size Forecast by Type
10.6.1 Missiles
10.6.2 Ammunitions
10.6.3 Other Products
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Land-based Smart Weapon Market Size Forecast by Applications
10.10.1 Army
10.10.2 Defence
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Land-based Smart Weapon Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Land-based Smart Weapon Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Land-based Smart Weapon Market Size Forecast by Type
11.6.1 Missiles
11.6.2 Ammunitions
11.6.3 Other Products
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Land-based Smart Weapon Market Size Forecast by Applications
11.10.1 Army
11.10.2 Defence
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Land-based Smart Weapon Analysis and Forecast
12.1 Introduction
12.2 Latin America Land-based Smart Weapon Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Land-based Smart Weapon Market Size Forecast by Type
12.6.1 Missiles
12.6.2 Ammunitions
12.6.3 Other Products
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Land-based Smart Weapon Market Size Forecast by Applications
12.10.1 Army
12.10.2 Defence
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Land-based Smart Weapon Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Land-based Smart Weapon Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Land-based Smart Weapon Market Size Forecast by Type
13.6.1 Missiles
13.6.2 Ammunitions
13.6.3 Other Products
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Land-based Smart Weapon Market Size Forecast by Applications
13.10.1 Army
13.10.2 Defence
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Land-based Smart Weapon Market: Competitive Dashboard
14.2 Global Land-based Smart Weapon Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE Systems PLC
14.3.2 IAI Group
14.3.3 MBDA Inc.
14.3.4 Northrop Grumman Corporation
14.3.5 Rafael Advanced Defense Systems Ltd
14.3.6 Raytheon Technologies Corporation
14.3.7 Rheinmetall AG
14.3.8 Lockheed Martin Corporation
14.3.9 Safran SA
14.3.10 General Dynamics Corporation
