Land Based Smart Weapons Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 130

SKU: IRTNTR74112

Snapshot

The land based smart weapons market share is expected to increase by USD 2.40 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.69%.

This land based smart weapons market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers land based smart weapons market segmentations by product (missiles, ammunition, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The land based smart weapons market report also offers information on several market vendors, including 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. among others.

What will the Land Based Smart Weapons Market Size be During the Forecast Period?

Download Report Sample to Unlock the Land Based Smart Weapons Market Size for the Forecast Period and Other Important Statistics

Land Based Smart Weapons Market: Key Drivers, Trends, and Challenges

The development and procurement of advanced technologies is notably driving the land based smart weapons market growth, although factors such as stringent regulatory norms may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the land based smart weapons industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Land Based Smart Weapons Market Driver

The development and procurement of advanced technologies is one of the major drivers impacting the smart weapons market growth. Top defense spenders globally, such as Russia, the US, and China, have already made significant advances in the research and development of land based smart weapons. This is encouraging other countries to make investments in developing similar technologies to stay at par with their allies and adversaries. Furtermore, the US is continuously evolving new technologies for the 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 boost the growth of the global land based smart weapons system during the forecast period.

Key Land Based Smart Weapons Market Trend

Growth in battlefield digitalization is one of the major trends influencing the smart weapons market growth. Besides compressing the time dimension, the information age is making distance less relevant, leading to a significant decrease in the cycle time of information gathering, analysis, and decision-making. Electro-optic systems on land are observed to be effective in tracking armored vehicles and low-observable missiles. This helps platoons strategize their approach. Furthermore, technological advances have increased the situational awareness of modern shoulder-fired weapons. The addition of a proximity fuse on the missile warhead enhances its capability to secure a more reliable lock on targets such as UAVs. Moreover, the IFF system gives an audio alert to the operator in case the weapon is directed toward a friendly vehicle. Such developments will spur the growth of the global land based smart weapons system during the forecast period.

Key Land Based Smart Weapons Market Challenge

Stringent regulatory norms is one of the major challenges impeding the smart weapons market growth. Vendors in the global land based smart weapons market are required to adhere to the stringent regulatory norms of different countries. Most vendors work with government organizations and defense departments in various countries. Therefore, the market manufacturers must comply with stringent regulations at the federal, state, and local levels. They should also adhere to rules concerning the storage, use, and release of harmful substances. These stringent regulations negatively impact the growth of the market. in June 2022, the Biden government signed a bipartisan gun control bill into law. Similarly, India has strict firearm laws in the world regarding the issuance of gun licenses. Such factors will restrain the growth of the global land based smart weapons market during the forecast period.

This land based smart weapons market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global land based smart weapons market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the land based smart weapons market during the forecast period.

Who are the Major Land Based Smart Weapons Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the land based smart weapons market encompasses successful business strategies deployed by the key vendors. The land based smart weapons market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

Aselsan - The company offers land based smart weapons such as SARP stabilized advanced remote weapon platform.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The land based smart weapons market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Land Based Smart Weapons Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the land based smart weapons market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Land Based Smart Weapons Market?

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45% of the market’s growth will originate from APAC during the forecast period. China is the key market for land based smart weapons market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Rising defense expenditure in the region will facilitate the land based smart weapons market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

By 2021, with a decline in the number of COVID-19 cases and the lifting of related restrictions, the land based smart weapons market in the region witnessed steady growth and started to recover. The key vendors in the market have started working on their supply-chain models and adopting digital technologies to overcome the disruptions in the supply chain due to the pandemic.

What are the Revenue-generating Product Segments in the Land Based Smart Weapons Market?

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The land based smart weapons market share growth in the missiles segment will be significant during the forecast period. The missiles segment was the largest segment of the global land based smart weapons market and will continue to dominate the market during the forecast period as well. The changing nature of modern warfare has increased the demand for smart land based missiles and development and procurement.

This report provides an accurate prediction of the contribution of all the segments to the growth of the land based smart weapons market size and actionable market insights on post COVID-19 impact on each segment.

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	$ 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
Key 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 recovery analysis 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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What are the Key Data Covered in this Land Based Smart Weapons Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive land based smart weapons market growth during the next five years
Precise estimation of the land based smart weapons market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the land based smart weapons industry across North America, APAC, Europe, Middle East and Africa, and South America
A thorough 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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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

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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