USD 2.40 bn Growth in Land-Based Smart Weapons Market Size, Development and Procurement of Advanced Technologies to Drive Growth - Technavio

NEW YORK, Sept. 12, 2022 /PRNewswire/ -- The development and procurement of advanced technologies are driving the land-based smart weapons market growth. However, factors such as stringent regulatory norms may challenge market growth.

The land-based smart weapons market size is expected to grow by USD 2.40 bn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.69% during the forecast period.

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Land-Based Smart Weapons Market 2022-2026: Driver and Challenge

The development and procurement of advanced technologies are driving the smart weapons market growth. Top defense spenders across the world, such as the US, Russia, and China, have made significant advances in the research and development of land-based smart weapons. For instance, in January 2022, the gun company LodeStar Works announced its plan to launch a smart gun with RFID technology. Such developments are expected to fuel the growth of the global land-based smart weapons system during the forecast period.

Stringent regulatory norms are challenging the smart weapons market growth. Most vendors work with government organizations in various countries. They should also adhere to rules concerning the storage, use, and release of harmful substances. These regulations negatively impact the growth of the market. For instance, in June 2022, the Biden government signed a bipartisan gun control bill into law. Such factors will restrict the growth of the global land-based smart weapons market during the forecast period.

Land-Based Smart Weapons Market 2022-2026: Scope

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Land-Based Smart Weapons Market 2022-2026: Segmentation
  • Product
    • Missiles
    • Ammunition
    • Others
  • Geography
    • North America
    • APAC
    • Europe
    • Middle East And Africa
    • South America
Land-Based Smart Weapons Market 2022-2026: Revenue-generating Product Segments

The missiles segment will have maximum growth momentum during the forecast period. The demand  for smart land-based missiles, as well as their development and procurement, has increased due to the changing nature of modern warfare

Land-Based Smart Weapons Market 2022-2026: Vendor Analysis

ASELSAN AS, BAE Systems Plc, Diehl Stiftung and Co.KG, Hanwha Corp., Israel Aerospace Industries Ltd, Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corp., Rheinmetall AG, Safran SA, Thales Group, and The Boeing Co. are among some of the major market participants.

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Land-Based Smart Weapons Market 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist land-based smart weapons market growth during the next five years
  • Estimation of the land-based smart weapons market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the land-based smart weapons market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of land-based smart weapons market vendors
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Land-Based Smart Weapons Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.69%

Market growth 2022-2026

USD 2.40 billion

Market structure

Concentrated

YoY growth (%)

7.54

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key consumer countries

US, China, UK, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ASELSAN AS, BAE Systems Plc, Diehl Stiftung and Co.KG, Hanwha Corp., Israel Aerospace Industries Ltd, Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., MBDA, Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corp., Rheinmetall AG, Safran SA, Thales Group, and The Boeing Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 26: Chart on Comparison by Product
    • Exhibit 27: Data Table on Comparison by Product
  • 5.3 Missiles - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Missiles - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Missiles - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Missiles - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Missiles - Year-over-year growth 2021-2026 (%)
  • 5.4 Ammunition - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Ammunition - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Ammunition - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Ammunition - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Ammunition - Year-over-year growth 2021-2026 (%)
  • 5.5 Others - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Product
    • Exhibit 40: Market opportunity by Product ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 France - Market size and forecast 2021-2026
    • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 ASELSAN AS
    • Exhibit 93: ASELSAN AS - Overview
    • Exhibit 94: ASELSAN AS - Product / Service
    • Exhibit 95: ASELSAN AS - Key offerings
  • 10.4 BAE Systems Plc
    • Exhibit 96: BAE Systems Plc - Overview
    • Exhibit 97: BAE Systems Plc - Business segments
    • Exhibit 98: BAE Systems Plc - Key offerings
    • Exhibit 99: BAE Systems Plc - Segment focus
  • 10.5 Israel Aerospace Industries Ltd
    • Exhibit 100: Israel Aerospace Industries Ltd - Overview
    • Exhibit 101: Israel Aerospace Industries Ltd - Product / Service
    • Exhibit 102: Israel Aerospace Industries Ltd - Key news
    • Exhibit 103: Israel Aerospace Industries Ltd - Key offerings
  • 10.6 Lockheed Martin Corp.
    • Exhibit 104: Lockheed Martin Corp. - Overview
    • Exhibit 105: Lockheed Martin Corp. - Business segments
    • Exhibit 106: Lockheed Martin Corp. - Key news
    • Exhibit 107: Lockheed Martin Corp. - Key offerings
    • Exhibit 108: Lockheed Martin Corp. - Segment focus
  • 10.7 MBDA
    • Exhibit 109: MBDA - Overview
    • Exhibit 110: MBDA - Product / Service
    • Exhibit 111: MBDA - Key offerings
  • 10.8 Northrop Grumman Corp.
    • Exhibit 112: Northrop Grumman Corp. - Overview
    • Exhibit 113: Northrop Grumman Corp. - Business segments
    • Exhibit 114: Northrop Grumman Corp. - Key news
    • Exhibit 115: Northrop Grumman Corp. - Key offerings
    • Exhibit 116: Northrop Grumman Corp. - Segment focus
  • 10.9 Rafael Advanced Defense Systems Ltd
    • Exhibit 117: Rafael Advanced Defense Systems Ltd - Overview
    • Exhibit 118: Rafael Advanced Defense Systems Ltd - Product / Service
    • Exhibit 119: Rafael Advanced Defense Systems Ltd - Key news
    • Exhibit 120: Rafael Advanced Defense Systems Ltd - Key offerings
  • 10.10 Raytheon Technologies Corp.
    • Exhibit 121: Raytheon Technologies Corp. - Overview
    • Exhibit 122: Raytheon Technologies Corp. - Business segments
    • Exhibit 123: Raytheon Technologies Corp. - Key news
    • Exhibit 124: Raytheon Technologies Corp. - Key offerings
    • Exhibit 125: Raytheon Technologies Corp. - Segment focus
  • 10.11 Rheinmetall AG
    • Exhibit 126: Rheinmetall AG - Overview
    • Exhibit 127: Rheinmetall AG - Business segments
    • Exhibit 128: Rheinmetall AG - Key news
    • Exhibit 129: Rheinmetall AG - Key offerings
    • Exhibit 130: Rheinmetall AG - Segment focus
  • 10.12 Safran SA
    • Exhibit 131: Safran SA - Overview
    • Exhibit 132: Safran SA - Business segments
    • Exhibit 133: Safran SA - Key news
    • Exhibit 134: Safran SA - Key offerings
    • Exhibit 135: Safran SA - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 136: Inclusions checklist
    • Exhibit 137: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 138: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 139: Research methodology
    • Exhibit 140: Validation techniques employed for market sizing
    • Exhibit 141: Information sources
  • 11.5 List of abbreviations
    • Exhibit 142: List of abbreviations
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