The global smart weapons market size is expected to showcase exponential growth by reaching USD 45.24 billion by 2032. This information is published by Fortune Business Insights in its latest report, titled, “Smart Weapons Market Size, S8.02%hare and Trends 2024-2032.”

****The report further mentions that the market stood at USD 20.20 billion in 2024 and is projected to exhibit a CAGR of 10.61% between 2024 and 2032. Factors such the increasing defense budget that is propelling countries to upgrade their military and the increasing focus on introducing advanced smart weapons are expected to boost the market’s growth in the forthcoming years.

List of the Companies Profiled in the Global Market:

• BAE Systems (The U.K)
• Lockheed Martin Corporation (The U.S.)
• Thales Group (France)
• Northrop Grumman Corporation (The U.S.)
• General Dynamics Corporation (The U.S.)
• Raytheon Company, a Raytheon Technologies company (The U.S.)
• MBDA (France)
• Boeing (The U.S.)
• Textron Inc. (The U.S.)
• Rheinmetall AG (Germany)

Information Source:

https://www.fortunebusinessinsights.com/smart-weapons-market-104058

Market Segmentation:

Based on product, the market is categorized into Missiles, Munitions, Guided Projectile, Guided Rocket, and Directed Energy Weapons. On the basis of platform, the market is segmented into Air, Land, and Naval.

• Based on the platform, the land segment is anticipated to experience considerable growth backed by the increasing expenditure on defense by the military worldwide.

Based on technology, the market is divided into Laser Guidance, Infrared Guidance, Radar Guidance, Satellite Guidance, and Others. Lastly, on the basis of region, the market is segregated into Rest of the World, North America, Europe, and Asia-Pacific.