Smart Weapons Market Report Scope & Overview:

The Smart Weapons Market Size was valued at USD 16.96 billion in 2022 and is expected to reach USD 28.28 billion by 2030 with a growing CAGR of 6.6% over the forecast period 2023-2030.

A smart weapon is a military device that can hit a target with high accuracy using a control system. Smart weapons such as missiles or grenade launchers are usually equipped with a satellite, laser, or satellite navigation system. Smart weapons are different from smart weapons as smart weapons use control systems that rely on outside help, while smart weapons control themselves completely. A smart bomb with a laser-guided system is controlled by the pilot who directs the laser beam to the target. The beam is locked to the target with the help of a computer.

Smart Weapons Market Revenue Analysis

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A bomb-set sensor helps detect laser light reflection. The bomb moves in its orbit with the help of a control computer, which pulls the moving wings to direct it. The television control system uses a television camera in the nose of the weapon to save the image of the target identified by the driver. Satellite guided bombs use precision computers to secure their purpose with the help of signals from roaming satellites and tail fines to adjust the direction of the bomb as it falls. Cruise arrows also use the information provided by navigating satellites to maintain their direction during flight.



  • Terrorist organisations are posing an increasing number of security threats.

  • There is an increasing demand for sophisticated precision strike weapons.


  • Defense Budgets of Advanced Economies are Falling

  • Regulations on Arms Transfer


  • Weapon Integration is biggest challenge faced by the market.


  • Governments of major economies are increasing defence spending.

  • Rising Demand in Emerging Markets


The impact of COVID-19 on the smart weapons business is unpredictable, and it is expected to be in effect for a few years.

The COVID-19 outbreak compelled governments around the world to impose strict lockdown and ban import-export of raw materials for the majority of 2020 and a few months in 2021. This resulted in a rapid decrease in the availability of critical raw ingredients for the manufacture of smart weapons.

Furthermore, the nationwide shutdown compelled smart weapons manufacturing facilities to shut down partially or fully.

The COVID-19 pandemic has caused widespread delays in efforts and initiatives related to the development of sophisticated smart weaponry.

The market is divided into five product categories: Missiles, Munitions, Guided Projectiles, Guided Rockets, and Directed Energy Weapons. Missiles are classified as anti-tank and standoff missiles, air-to-air and air-to-surface missiles, and anti-ship and anti-submarine missiles. Target Pods and Guided Bombs are examples of munitions. Because of the increasing demand for Advance Guided Missiles by various defence forces, the missiles category is likely to have a significant market presence.

The market is divided into three categories: air, naval, and land. Due to global cross-border tensions and rising defence investment by many economies, the land segment is predicted to have the biggest market presence throughout the CAGR period.

The market is divided into four technology segments: laser guidance, infrared guidance, radar guidance, and satellite guidance. Radars with Active Homing and Passive Homing are two types of radars. Radars with Infrared  Homing and Imaging Infrared Homing are two types of radars. Because of its operational efficiency and high precision with which it can effect its goal, Laser-Guided technology is predicted to have a significant market presence during the projection period. Over the last ten years, modern military strategies have evolved rapidly. Both industrialized and developing countries are working on advanced missile systems with long range and high effectiveness


By Product

  • Missiles

  • Munitions

  • Guided Projectiles

  • Guided Rockets

  • Guided Firearms

  • Directed Energy Weapons

By Technology

  • Laser

  • Infrared

  • Radar

  • GPS

  • Others

By Platform

  • Air

  • Land

  • Naval

Smart Weapons Market Segmentation Analysis

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North America is made up of two large countries: the United States and Canada. North America leads the world in military spending and technology breakthroughs, and there is a huge demand for smart weaponry. Although Canada invests in the development of such advanced weaponry, the country's smart weapons business is mostly reliant on the United States.

The Asia-Pacific market is expected to develop the quickest during the forecast period, owing to rising defence spending in key economies. Due to increased investments in smart weaponry, major countries such as China, Japan, India, and Australia are driving market expansion in Asia-Pacific. Increasing military spending and escalating territorial conflicts among neighbouring countries such as China, South Korea, and North Korea are propelling the region's smart weapons market.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The Key Players are Raytheon Company, Israel Aerospace Industries, L-3 Communications Ltd, and Northrop Grumman Corporation,  Lockheed Martin, MBDA Inc., Orbital ATK, General Dynamics Corporation, BAE Systems, The Boeing Co.,Textron, Inc & Other Players

Israel Aerospace Industries-Company Financial Analysis

Smart Weapons Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 16.96 Billion
Market Size by 2030 US$ 28.28 Billion
CAGR CAGR of 6.6% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By platform (Air, Land, Naval)
• By Technology (Laser, Infrared, Radar, GPS, Others),
• By Product (Missiles, Munitions, Guided Projectile, Guided Rocket, Guided Firearms)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Raytheon Company, Israel Aerospace Industries, L-3 Communications Ltd, and Northrop Grumman Corporation,  Lockheed Martin, MBDA Inc., Orbital ATK, General Dynamics Corporation, BAE Systems, The Boeing Co., and Textron, Inc.
DRIVERS • Terrorist organisations are posing an increasing number of security threats.
• There is an increasing demand for sophisticated precision strike weapons.
RESTRAINTS • Defense Budgets of Advanced Economies are Falling
• Regulations on Arms Transfer

Frequently Asked Questions

Smart Weapons Market Size was valued at USD 16.96 billion in 2022, expected to reach USD 28.28 billion by 2030, and grow at a CAGR of  6.6% over the forecast period 2023-2030.

Missiles are dominating the Smart Weapons Market

The impact of COVID-19 on the smart weapons business is unpredictable, and it is expected to be in effect for a few years. The COVID-19 outbreak compelled governments around the world to impose strict lockdown and ban import-export of raw materials for the majority of 2020 and a few months in 2021.

Defense Budgets of Advanced Economies are Falling and Regulations on Arms Transfer

Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product. 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Smart Weapon Market Segmentation, by Product

8.1 Missiles

8.2 Munitions

8.3 Guided Projectiles

8.4 Guided Rockets

8.5 Guided Firearms

8.6 Directed Energy Weapons

9. Smart Weapon Market Segmentation, by Technology

9.1 Laser

9.2 Infrared

9.3 Radar

9.4 GPS

9.5 Others

10. Smart Weapon Market Segmentation, by Platform

10.1 Air

10.2 Land

10.3 Naval

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12.Company Profiles

12.1 Raytheon Company

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Aerospace Industries

12.3 L-3 Communications Ltd

12.4 Northrop Grumman Corporation

12.5 Lockheed Martin

12.6 MBDA Inc.

12.7 General Dynamics Corporation

12.8 BAE Systems

12.9 The Boeing Co

12.10 Textron, Inc.

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

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Data Bank Validation

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