Global $150+ Bn Smart Weapons Market Analysis & Forecast to 2027: Ushering a New Era of AI-Driven Self-aware Systems, Smart Weapons Seek to Widen Role in Modern Warfare
DUBLIN, July 19, 2021 /PRNewswire/ -- The "Smart Weapons - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Smart Weapons Market to Reach US$159.8 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Smart Weapons estimated at US$77.9 Billion in the year 2020, is projected to reach a revised size of US$159.8 Billion by 2027, growing at a CAGR of 10.8% over the analysis period 2020-2027.
Air-to-Ground Missiles, one of the segments analyzed in the report, is projected to grow at a 11.1% CAGR to reach US$40.3 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Surface-to-Air Missiles segment is readjusted to a revised 11.3% CAGR for the next 7-year period. This segment currently accounts for a 18.2% share of the global Smart Weapons market.
The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 10.4% CAGR for the Period of 2020-2027
The Smart Weapons market in the U.S. is estimated at US$23 Billion in the year 2020. The country currently accounts for a 29.49% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$28 Billion in the year 2027 trailing a CAGR of 10.4% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 9.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR while Rest of European market (as defined in the study) will reach US$28 Billion by the year 2027.
Directed Energy Weapons Segment Corners a 17.4% Share in 2020
In the global Directed Energy Weapons segment, USA, Canada, Japan, China and Europe will drive the 12.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.9 Billion in the year 2020 will reach a projected size of US$24.7 Billion by the close of the analysis period.
China will remain aong the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$18.8 Billion by the year 2027.
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS (Total 49 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/39o4ic
Research and Markets
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