Global Demand for Smart Weapons Accelerating Growth to Top $41.8 Billion by 2025
June 21, 2016 | PRNewswireEstimated reading time: 1 minute
A renewed emphasis on advancing Smart Weapon capabilities to counter evolving threats such as A2/AD (anti-access Area Denial) envelopes, combined with on-going demand from asymmetric wars and continued force modernizations in emerging countries is driving spending across the full range of Smart Weapons. The Strategy Analytics Advanced Defense Systems (ADS) service series of Smart Weapon (SW) forecasts, outline global defense expenditure trends segmented on a regional basis before breaking out the expected spend on Smart Weapons incorporating subsystems, hardware, support and related services across the land, air and naval domains.
- The squeeze on military budgets particularly in the Western countries as well as technology advances are translating to adoption of fewer but more capable new Smart Weapon platforms across domains.
- The total number of Smart Weapon shipments is forecast to grow at a CAGR of 3.5% through 2025 to reach 162,943 units.
- The associated market for Smart Weapon subsystems such as navigation and guidance, target seekers, datalinks, fuzes etc. will grow from $9.3 billion in 2015 to $13.4 billion.
"The squeeze on military budgets particularly in Western countries will be counteracted by technology advances translating to the adoption of fewer but more capable new Smart Weapon platforms across domains," noted Eric Higham, North American Director for ADS.
"RF and millimeterwave technologies underpin a range of Smart Weapon subsystems enabling navigation and guidance, fuzing, target seekers and this will support a number of the key trends driving towards enhanced capability platforms over the next ten years," added Asif Anwar, Director of the ADS service. "Moving forwards, directed energy weapons (DEW) will fundamentally change how future battles are fought with laser weapons leading the charge alongside developments around electromagnetic pulsed weapons and high power microwave (HPM) payloads."
About Strategy Analytics
Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success.
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