Market Research Reports

Smart Weapons Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

75pages
Published Date: 2014-07-31
 

Description


Smart weapons are guided munitions designed to hit a definite target accurately. These weapons minimize the collateral damage in terms of destruction of civilian property and non-combatant casualties and also overcome the challenges in hitting moving targets over long distances. They are also known as precision guided munitions. Rapidly growing and modernizing economies are increasingly incorporating smart weapons in their military organizations and forces. These weapons use different types of guidance systems to locate targets. Some of the commonly used types include laser guidance systems, satellite systems and TV camera guidance systems. Technological advancements in weapon manufacturing have resulted in new innovations and availability of different types of smart weapons. These types include air to ground missiles, surface to air missiles, guided bombs, precision artillery; direct energy weapons and sensor fused weapons among others. The smart weapons market is currently dominated by guided missiles, which include surface-to-air and air-to-surface missiles.

Escalating demand for high precision in arms and ammunitions and the increasing urge to minimize the collateral damage has led to the high adoption of smart weapons. Further, emerging economies such as China and India are increasing their military spending in an effort to modernize their weapons. This surges the demand for smart weapons globally. A large number of programs are underway for the development of technologies that are expected to enhance the precision of smart weapons. Most of these programs are in the research and development phase. Thus, these ongoing technological advancements from key market players offer potential opportunities in the smart weapons market.  However, government regulations such as the Missile Technology Control Regime (MTCR) are posing a challenge to the growth of the smart weapons market. 

Geographically, the smart weapons market is dominated by North America owing to the strong focus of the U.S. government on the incorporation of technologically advanced weapons to its weapon inventory. The U.S. government is also the major customer of smart weapons globally and therefore high defense budget in the U.S. positively supports the growth of global smart weapons market. Key players based in the U.S. such as Lockheed Martin Corporation, Northrop Grumman Corporation, General Dynamic Corporation, Raytheon Company and Textron Defense Systems among others are strongly focusing on satisfying the needs of the U.S. army to develop weapon systems that can assure safety of the military forces.

This report has been segmented by type and by geography. It also includes the drivers, restraints and opportunities (DROs), Porter’s five forces analysis and value chain of the global smart weapons market. The study highlights current market trends and provides the forecast from 2013 to 2019. We have also covered the current market scenario for smart weapons and highlighted its future trends that will impact demand.

The report also analyzes macro economic factors influencing and inhibiting the growth of global smart weapons market. Porter’s five forces analysis offers insights on market competition throughout its value chain. In addition, the market attractiveness analysis provided in the report highlights key investing areas in this industry. The report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

This report analyzes the global smart weapons market in terms of revenue (USD billion) on the basis of type and based on geography. The market has been segmented as follows:

Global Smart Weapons Market, by Type:
  • Air-to-Ground Missiles
  • Surface-to-air missiles
  • Smart Bombs
  • Sensor Fused Weapons
  • Direct Energy Weapons
  • Precision Artillery Ammunitions
  • Electro-Magnetic Pulse Weapons
  • Smart Bullets
  • Others
Global Smart Weapons Market, by Geography:
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

Table of Contents



CHAPTER 1 PREFACE
1.1 REPORT DESCRIPTION
1.2 MARKET SEGMENTATION
1.3 RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 SMART WEAPONS MARKET - OVERVIEW
3.1 MARKET INTRODUCTION
       3.1.1 SMART WEAPONS MARKET, 2012 – 2019 (USD BILLION)
3.2 MARKET TRENDS AND FUTURE OUTLOOK
3.3 VALUE CHAIN ANALYSIS
3.4 MARKET DYNAMICS
       3.4.1 MARKET DRIVERS
                3.4.1.1 Rising need for precision to avoid collateral damage promoting the uptake of smart weapons
                3.4.1.2 High defense budget encouraging the growth of smart weapons globally
                3.4.1.3 Improvements in accuracy through precise navigation systems surging the demand for smart weapons
                3.4.1.4 Escalating demand for weapons from emerging economies supporting the smart weapons market
       3.4.2 MARKET RESTRAINTS
                3.4.2.1 Impact of International arms trade regulations posing a challenge to the growth of smart weapons
                 3.4.2.2 Over-dependency on the U.S. government poses a threat to  market growth
       3.4.3 OPPORTUNITIES
               3.4.3.1 Implementation of dual guidance systems offers potential opportunities to the market in the coming years
3.5 SMART WEAPONS MARKET – PORTER’S FIVE FORCES ANALYSIS
       3.5.1 BARGAINING POWER OF SUPPLIERS
       3.5.2 BARGAINING POWER OF BUYERS
       3.5.3 THREAT OF NEW ENTRANTS
       3.5.4 THREAT FROM SUBSTITUTES
       3.5.5 DEGREE OF COMPETITION
3.6 GLOBAL SMART WEAPONS MANUFACTURERS - COMPETITIVE LANDSCAPE

CHAPTER 4 SMART WEAPON MARKET BY TYPE, 2013 - 2019
4.1 INTRODUCTION
4.2 AIR-TO-GROUND MISSILES
       4.2.1 AIR-TO-GROUND MISSILES MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
4.3 SURFACE-TO-AIR MISSILE
       4.3.1 SURFACE-TO-AIR MISSILES MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
4.4 SMART BOMBS
       4.4.1 SMART BOMBS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
4.5 DIRECT ENERGY WEAPONS
       4.5.1 DIRECTED ENERGY WEAPONS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
4.6 SENSOR FUZED WEAPONS
       4.6.1 SENSOR FUZED WEAPONS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
4.7 PRECISION ARTILLERY AMMUNITIONS
       4.7.1 SMART BULLETS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
4.8 ELECTRO-MAGNETIC PULSE WEAPONS
       4.8.1 ELECTROMAGNETIC PULSE WEAPONS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
4.9 SMART BULLETS
       4.9.1 SMART BULLETS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
4.10 OTHERS
       4.10.1 SMART WEAPONS MARKET BY OTHERS SEGMENT SIZE AND FORECAST, 2012 - 2019 (USD BILLION)

CHAPTER 5 SMART WEAPONS MARKET BY GEOGRAPHY, 2013 - 2019
5.1 INTRODUCTION
5.2 NORTH AMERICA
       5.2.1 NORTH AMERICA SMART WEAPONS MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD BILLION)
5.3 EUROPE
       5.3.1 EUROPE SMART WEAPONS MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD BILLION)
5.4 ASIA PACIFIC
       5.4.1 ASIA PACIFIC SMART WEAPONS MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD BILLION)
5.5 REST OF THE WORLD
       5.5.1 REST OF THE WORLD SMART WEAPONS MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD BILLION)

CHAPTER 6 COMPANY PROFILES
6.1 BAE SYSTEMS
       6.1.1 COMPANY OVERVIEW
       6.1.2 FINANCIAL OVERVIEW
       6.1.3 BUSINESS STRATEGY
       6.1.4 SWOT ANALYSIS
       6.1.5 RECENT DEVELOPMENTS
6.2 BOEING COMPANY
       6.2.1 COMPANY OVERVIEW
       6.2.2 FINANCIAL OVERVIEW
       6.2.3 BUSINESS STRATEGY
       6.2.4 SWOT ANALYSIS
       6.2.5 RECENT DEVELOPMENTS
6.3 DASSAULT AVIATION
       6.3.1 COMPANY OVERVIEW
       6.3.2 FINANCIAL OVERVIEW
       6.3.3 BUSINESS STRATEGY
       6.3.4 SWOT ANALYSIS
       6.3.5 RECENT DEVELOPMENTS
6.4 GENERAL DYNAMICS CORPORATION
       6.4.1 COMPANY OVERVIEW
       6.4.2 FINANCIAL OVERVIEW
       6.4.3 BUSINESS STRATEGY
       6.4.4 SWOT ANALYSIS
       6.4.5 RECENT DEVELOPMENTS
6.5 LOCKHEED MARTIN CORPORATION
       6.5.1 COMPANY OVERVIEW
       6.5.2 FINANCIAL OVERVIEW
       6.5.3 BUSINESS STRATEGY
       6.5.4 SWOT ANALYSIS
       6.5.5 RECENT DEVELOPMENTS
6.6 MBDS MISSILE SYSTEMS
       6.6.1 COMPANY OVERVIEW
       6.6.2 FINANCIAL OVERVIEW
       6.6.3 BUSINESS STRATEGY
       6.6.4 SWOT ANALYSIS
       6.6.5 RECENT DEVELOPMENTS
6.7 NORTHROP GRUMMAN CORPORATION
       6.7.1 COMPANY OVERVIEW
       6.7.2 FINANCIAL OVERVIEW
       6.7.3 BUSINESS STRATEGY
       6.7.4 SWOT ANALYSIS
       6.7.5 RECENT DEVELOPMENTS
6.8 RAYTHEON COMPANY
       6.8.1 COMPANY OVERVIEW
       6.8.2 FINANCIAL OVERVIEW
       6.8.3 BUSINESS STRATEGY
       6.8.4 SWOT ANALYSIS
       6.8.5 RECENT DEVELOPMENTS
6.9 TASER INTERNATIONAL, INC.
       6.9.1 COMPANY OVERVIEW
       6.9.2 FINANCIAL OVERVIEW
       6.9.3 BUSINESS STRATEGY
       6.9.4 SWOT ANALYSIS
       6.9.5 RECENT DEVELOPMENTS
6.10 TEXTRON DEFENSE SYSTEMS
       6.10.1 COMPANY OVERVIEW
       6.10.2 FINANCIAL OVERVIEW
       6.10.3 BUSINESS STRATEGY
       6.10.4 SWOT ANALYSIS
       6.10.5 RECENT DEVELOPMENTS

LIST OF FIGURES 

FIG. 1 MARKET SEGMENTATION: SMART WEAPONS MARKET
FIG. 2 SMART WEAPONS MARKET, 2012 – 2019 (USD BILLION)
FIG. 3 SMART WEAPONS MARKET – VALUE CHAIN
FIG. 4 PORTER’S FIVE FORCES ANALYSIS FOR SMART WEAPON MANUFACTURING INDUSTRY
FIG. 5 SMART WEAPONS MANUFACTURERS, MARKET SHARE ANALYSIS 2012 (%)
FIG. 6 SMART WEAPONS MARKET REVENUE SHARE (%) BY TYPE, 2012 AND 2019
FIG. 7 AIR-TO-GROUND MISSILES MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
FIG. 8 SURFACE-TO-AIR MISSILES MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
FIG. 9 SMART BOMBS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
FIG. 10 DIRECTED ENERGY WEAPONS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
FIG. 11 SENSOR FUZED WEAPONS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
FIG. 12 SMART BULLETS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
FIG. 13 ELECTROMAGNETIC PULSE WEAPONS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
FIG. 14 SMART BULLETS MARKET SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
FIG. 15 SMART WEAPONS MARKET BY OTHERS SEGMENT SIZE AND FORECAST, 2012 - 2019 (USD BILLION)
FIG. 16 SMART WEAPONS MARKET BY GEOGRAPHY, TREND, 2013 - 2019
FIG. 17 NORTH AMERICA SMART WEAPONS MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD BILLION)
FIG. 18 EUROPE SMART WEAPONS MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD BILLION)
FIG. 19 ASIA PACIFIC SMART WEAPONS MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD BILLION)
FIG. 20 REST OF THE WORLD SMART WEAPONS MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD BILLION)
FIG. 21 BAE SYSTEMS ANNUAL REVENUE, 2010-2012, (USD BILLION)
FIG. 22 BOEING COMPANY ANNUAL REVENUE, 2010-2012, (USD BILLION)
FIG. 23 DASSAULT AVIATION ANNUAL REVENUE, 2010-2012, (USD BILLION)
FIG. 24 GENERAL DYNAMICS CORPORATION ANNUAL REVENUE , 2010-2012, (USD BILLION)
FIG. 25 LOCKHEED MARTIN CORPORATION ANNUAL REVENUE, 2011 – 2013 (USD BILLION)
FIG. 26 NORTHROP GRUMMAN ANNUAL REVENUE, 2010-2012, (USD BILLION)
FIG. 27 RAYTHEON COMPANY ANNUAL REVENUE, 2010-2012, (USD BILLION)
FIG. 28 TASER INTERNATIONAL, INC. ANNUAL REVENUE , 2010-2012, (USD MILLION)
FIG. 29 TEXTRON SYSTEMS ANNUAL REVENUE, 2011 – 2013 (USD BILLION)

LIST OF TABLES

TABLE 1 SMART WEAPONS MARKET IN INDIA –  SNAPSHOT (2012 & 2019)
TABLE 2 DRIVERS: IMPACT ANALYSIS
TABLE 3 CIVILIAN CASUALTY RATIO DURING DIFFERENT WARS
TABLE 4 DEFENSE BUDGETS OF DIFFERENT COUNTRIES FOR 2012 AND 2011
TABLE 5 RESTRAINTS: IMPACT ANALYSIS

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Free Market Analysis


Smart weapons are guided munitions that posses the capability of striking a stationary or moving target with high precision. These weapons locate targets through the use of various guidance systems such as lasers, satellites and TV cameras. Since their invention, smart weapons have continued to evolve and significant improvements in accuracy, range and lethality are achieved by weapon manufacturers. The different types of smart weapons include surface-to-air missiles, air-to-surface missiles, guided bombs, smart bullets, precision artillery munitions and electromagnetic pulse weapons among others.

The rising need for precision to minimize the collateral damage coupled with the increasing number of conflicts resulting in high defense spending is the major factor driving the smart weapons market globally. Governments in various countries such as the U.S., China and Russia are spending heavily on modernizing their military resources. Thus, a large number of weapon manufacturers have shifted their focus towards the development of smart weapons. On the contrary, the smart weapons market is facing various challenges such as the impact of arms trade regulations and high dependency on the U.S. government. 

Air-to-ground missiles dominated the market in 2012 whereas direct energy weapon segment is expected to experience fastest growth over the forecast period. Direct energy weapons operate at the speed of light and can cause high damage to the facilities, equipments or personnel. Thus, their demand is continuously increasing across different countries globally. Segments such as electromagnetic pulse weapons and smart bullets are small segments. However; they are expected to experience high growth over the forecast period owing to ongoing technological developments to enhance their functionalities.
Geographically, North America led by the U.S. and Canada dominates the smart weapons market. The growth in this region is attributed to high military spending and presence of key market players that makes the availability of weapons easier for the U.S. government. Emerging countries in Asia Pacific such as China, Japan and India and the rising demand from the Middle East for modern weapon systems offers potential opportunities to the smart weapons market in the coming years.

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