Global Network Enabled Weapons (NEW) Market 2018-2022

The global network enabled weapons market size will grow by USD 673.92 million during 2018-2022. This report offers an analysis of the market based on application (naval-launched, air-launched, and ground-launched) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several companies including Boeing, Lockheed Martin, MBDA, Rafael Advanced Defense Systems, and Raytheon.

Below are some of the key findings from the network enabled weapons market research report

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Global network enabled weapons industry overview

The demand for long-range missiles is identified as a key factor contributing to the growth of the global network enabled weapons market. In a battlefield, eliminating enemies while remaining at a safe distance is very crucial. This will greatly enhance the survivability of battle troops. Globally, defense agencies have been investing in the development of extended-range missiles or beyond-visual-range-missiles to strike enemies from miles away. The beyond-visual-range missiles have the ability to engage enemies at ranges of more than 20 nautical miles. Booster rocket motor and ramjet sustainer motor were used to achieve such high range. In the past few years, the development and advances of technology and sensors have enabled these missiles to receive target coordinates during flight. Earlier, air-to-air and air-to-surface missiles used semi-active radar homing guidance. The new generation of missiles is based on the fire-and-forget concept.

The introduction of AI in militaries is gaining popularity across the world. It uses inherent computing and decision-making capabilities to boost the ability of combat platforms to self-regulate, self-actuate, and self-control. The growing involvement of AI in the next-generation weapons is identified as one of the key trends that will stimulate growth in the network enabled weapons (NEW) market during the projected period. Owing to such factors, the market is expected to post a CAGR of nearly 14% during 2018-2022

Top network enabled weapons companies covered in this market research report

The network enabled weapons market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this network enabled weapons industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• Boeing
• Lockheed Martin
• MBDA
• Rafael Advanced Defense Systems
• Raytheon

Network enabled weapons market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the Americas region will account for the highest growth of this market throughout the forecast period. The Americas was the leading region for the global network enabled weapons market in 2017, accounting for a market share of nearly 68%.

Network enabled weapons market segmentation based on application

• Naval-launched
• Air-launched
• Ground-launched

The naval-launched segment will account for the highest growth in the market. The naval-launched segment held the largest market share in 2017, accounting for nearly 41% of the market. Additionally, the report also provides an accurate prediction of the contribution of the various applications segments to the growth of the network-enabled weapons market size.

Key highlights of the global network enabled weapons market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the network enabled weapons market during the next five years
• Precise estimation of the global network enabled weapons market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the network enabled weapons industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of network enabled weapons companies

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