The global smart weapons market was worth $17.17 billion in 2020. Experts predict this market will grow to $30.12 billion by 2028, increasing at a rate of 8.02% per year between 2021 and 2028.

Informational Source:

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

List Of Companies Covered in Smart Weapons Market are:

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

Introduction to Smart Weapons Market

Smart Weapons Market refer to guided munitions and other advanced armaments that use sophisticated guidance and targeting systems to increase their accuracy and effectiveness. These weapons leverage a variety of technologies such as lasers, infrared sensors, GPS, and artificial intelligence to home in on and strike intended targets with precision.

The rise of Smart Weapons Market over the past few decades has represented a major shift in modern warfare. Compared to unguided "dumb" bombs and missiles, Smart Weapons Market can dramatically reduce collateral damage, increase the probability of mission success, and give military forces a significant tactical advantage. As technology continues to rapidly progress, Smart Weapons Market are becoming increasingly autonomous, networked, and deadly.

Key Trends in Smart Weapons Market Development

1. Increasing Autonomy and AI-Enabled Capabilities