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The naval ammunition market report covers current market size and 10 year naval ammunition market forecast It is segmented by type, technology, caliber, region
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Spain Defense Market: A Comprehensive Overview
The Spain defense market has seen significant growth in recent years, driven by both domestic security concerns and Spain’s commitment to its international alliances, particularly NATO and the European Union. This article delves into the key factors shaping the defense industry in Spain, including market trends, major players, procurement strategies, and future forecasts.
Overview of Spain's Defense Market
Spain is among the leading defense spenders in Europe, reflecting its strategic position in Southern Europe and the Mediterranean. As of 2023, Spain’s defense budget is estimated at €14.7 billion, representing a substantial increase over the past decade. The country's defense policy aims to modernize its military capabilities, ensuring that Spain can respond to both conventional and non-conventional threats.
Key areas of investment include air and missile defense systems, naval modernization, cybersecurity, and defense electronics. Spain is also heavily involved in European defense initiatives, participating in collaborative projects such as the Future Combat Air System (FCAS) alongside France and Germany.
Defense Spending and Procurement
Spain’s defense spending has been gradually increasing, largely due to international pressure from NATO to allocate 2% of its GDP to defense. While it has not yet reached this target, Spain has steadily raised its defense budget, with significant investments in research and development, personnel, and procurement programs.
Major procurement programs include:
Naval Expansion: The Spanish Navy continues to modernize its fleet with the acquisition of new frigates, submarines, and support vessels. The F-110 frigate project is one of the flagship programs, providing advanced combat and defense capabilities.
Air Force Modernization: Spain is upgrading its fighter fleet by participating in the FCAS program. Additionally, Spain has been updating its fleet of Eurofighter Typhoon jets and has procured transport aircraft like the Airbus A400M.
Cyber Defense: With the growing threat of cyberattacks, Spain has placed increased emphasis on cybersecurity and digital defense systems. The country has launched initiatives to strengthen its cyber resilience, particularly within military and governmental infrastructure.
Major Players in Spain's Defense Industry
Several key defense contractors dominate the Spanish market, both domestic and international. The most notable domestic players include Navantia, Indra Sistemas, and Expal Systems.
Navantia: One of the largest shipbuilders in Spain, specializing in military vessels and submarines. Navantia plays a crucial role in Spain's naval expansion and modernization efforts.
Indra Sistemas: A technology and consulting firm that provides advanced defense electronics, IT solutions, and cybersecurity services to both the military and civilian sectors.
Expal Systems: A leading company in the field of ammunition and explosives, supporting the Spanish Armed Forces and export markets.
International defense companies, such as Airbus, Lockheed Martin, and Thales, also have a strong presence in Spain, providing key systems and technologies for the Spanish military.
Spain’s Role in International Defense
Spain is a vital member of NATO and the European Union’s Common Security and Defense Policy (CSDP). Its strategic location near the Strait of Gibraltar and its borders with North Africa make it a key player in regional security and counterterrorism operations.
Moreover, Spain actively participates in international peacekeeping missions, particularly in Africa and the Middle East, contributing both military personnel and resources to support stability and security in these regions. Spain’s involvement in multilateral organizations reinforces its commitment to collective defense and global security.
Challenges Facing Spain's Defense Market
While Spain’s defense market is growing, it faces several challenges:
Budgetary Constraints: Despite increasing defense spending, Spain faces economic pressures that could limit its ability to sustain high levels of defense investment in the long term.
Technological Gaps: While Spain is involved in cutting-edge programs like FCAS, it still relies on foreign technology for many critical defense capabilities, particularly in areas like missile defense and advanced avionics.
Geopolitical Risks: Spain’s proximity to North Africa and the Sahel region exposes it to geopolitical instability, including terrorism, illegal migration, and organized crime. Addressing these threats requires sustained investment in defense capabilities and international collaboration.
Future Outlook for Spain's Defense Market
The future of Spain’s defense market looks promising, with sustained growth expected over the next decade. The country’s commitment to NATO, its involvement in European defense projects, and the ongoing modernization of its armed forces will drive demand for advanced defense technologies and systems.
In the coming years, Spain is likely to focus on enhancing its cybersecurity capabilities, improving military mobility, and expanding its space defense capabilities. Additionally, Spain’s defense industry will likely seek to expand its footprint in the global market, particularly in Latin America and Africa, where Spanish companies are already well-positioned to offer defense solutions.
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Market Forecast: Small Caliber Ammunition Growth to 2029
The Global Small Caliber Ammunition Market is experiencing significant growth, driven by increased defense spending, rising geopolitical tensions, and the modernization of armed forces. The consumption of small-caliber ammunition is expected to grow from 7,003 Million units in 2024 to 8,661 Million units by 2029. This growth reflects a Compound Annual Growth Rate (CAGR) of 4.3%, with market size projected to increase from USD 5.7 Billion in 2024 to USD 7.0 Billion by 2029. This analysis delves into the market statistics, market size, trends, and key factors influencing the Small Caliber Ammunition Industry.
Market Dynamics
Drivers
Increasing Terrorism Incidents and Rising Geopolitical Tensions
The rise in armed conflicts due to geopolitical tensions, political instabilities, and economic inequalities has significantly driven the demand for small-caliber ammunition. Territorial conflicts, ceasefire violations, wars, and cross-border terrorism in regions such as South Asia, the Middle East, and Eastern Europe have escalated the need for military readiness and personal security.
Ongoing conflicts between Russia and Ukraine, the civil war in Syria, and tensions between China and Southeast Asian countries have led to increased procurement of small-caliber ammunition. Additionally, incidents such as the 2023 Israel-Hamas conflict and skirmishes between India and Pakistan along the Line of Control (LOC) further amplify the demand for ammunition.
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Restraints
Regulatory Restrictions
The production, sale, and distribution of small-caliber ammunition are subject to stringent regulatory controls, varying across different countries. These regulations aim to ensure public safety and international security but can significantly impact market operations. Companies such as General Dynamics (US), Rheinmetall AG (Germany), and BAE Systems (UK) must navigate complex legal landscapes, which can affect sales, revenues, and profit margins. Regulatory restrictions can also invite administrative and criminal actions if not adhered to, posing a significant challenge for manufacturers.
Opportunities
Advancements in Small Caliber Ammunition Due to Increased R&D Expenditure
Continuous research and development (R&D) have led to significant advancements in small-caliber ammunition, enhancing performance, reducing environmental impact, and increasing operational efficiency. For instance, the introduction of the 5.56 mm M855A1 by the US Army, featuring a lead-free design with a copper core and steel tip, offers improved penetration and reduced environmental footprint.
Innovations in manufacturing techniques, such as modernized armor-piercing 7.62 mm and 5.56 mm bullets, and the development of shorter assault rifles with no significant decrease in effectiveness, create growth opportunities. Companies like Northrop Grumman Corporation (US) are developing advanced ammunition, such as the 57 mm guided munition for the Mk110 Naval Gun Mount, designed to counter fast-moving surface threats and drones.
Challenges
International Ammunition Control Measures
International measures to control ammunition use, including export controls, trade sanctions, and arms restrictions, present a prominent challenge. These regulations aim to prevent arms proliferation, particularly in conflict zones and countries with poor human rights records. For example, the United Nations enforces arms restrictions on countries like North Korea and other conflict regions, limiting the export of small caliber ammunition. Manufacturers must navigate these complex legal frameworks, affecting their market strategies and operations.
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Market Segmentation
This Research Report Categorizes the Small Caliber Ammunition Market Based on Application, Caliber Type, Bullet Type, Lethality, and Region:
By Application:
Military
Homeland Security
By Caliber Type:
9 mm Parabellum
5.56 mm
7.62 mm
12.7 mm
14.5 mm
.338 Lapua Magnum
.338 Norma Magnum
Others
By Bullet Type:
Lead
Copper
Brass
Others
By Lethality:
Lethal
Less- Lethal
By Region:
North America
Europe
Asia Pacific
Middle East
Latin America
Africa
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By Caliber
Others Segment
The "Others" segment, including calibers such as .357 SIG, .40 SIG, shotgun cartridges, 4.6mm, .308 Winchester, and 5.8mm ammunition, is estimated to account for the largest market share during the forecast period. These calibers offer unique advantages in terms of range, stopping power, and compatibility with specialized firearms, driving their demand among specialized units.
By Bullet Type
Copper Segment
The copper bullet segment is anticipated to dominate the market due to its superior ballistic performance and environmental friendliness. Copper bullets offer enhanced accuracy and performance and are less prone to fragmenting, which is crucial in combat and law enforcement scenarios. Their non-toxic nature addresses environmental and health concerns associated with traditional bullets, further driving market growth.
By Region
Asia-Pacific
The Asia-Pacific region is projected to account for the largest market share during the forecast period. Increasing regional tensions, military spending, and military modernization initiatives drive market growth in this region. Countries like China, India, and Japan are investing significantly in defense capabilities, including the procurement of advanced weaponry and ammunition, to enhance national security and maintain regional power dynamics.
Key Market Players
The Small Caliber Ammunition Companies is dominated by globally established players, including:
Elbit Systems Ltd. (Israel)
Thales (France)
Olin Corporation (US)
General Dynamics Corporation (US)
Nammo AS (Norway)
These companies are key manufacturers and solution providers in the market, securing significant contracts and developing new products to meet the increasing demand for small caliber ammunition. The focus on contracts and new product development underscores the importance of innovation and strategic partnerships in driving market growth.
The global Small Caliber Ammunition market is poised for substantial growth, driven by increasing defense spending, rising geopolitical tensions, and advancements in ammunition technology. Despite challenges such as regulatory restrictions and international control measures, the market is expected to grow at a CAGR of 4.3%, reaching USD 7.0 billion by 2029.
Key trends, such as the adoption of advanced ammunition with enhanced performance and environmental benefits, will shape the future of the market. The presence of major players and continuous R&D investments will ensure the development of efficient, reliable, and sustainable small caliber ammunition, catering to the evolving needs of military and law enforcement agencies globally.
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#Small Caliber Ammunition#Small Caliber Ammunition Market#Small Caliber Ammunition Industry#Global Small Caliber Ammunition Market
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Military Laser Weapon System, Global Top 15 Players Rank and Total Market Size Forecast 2023-2029
Military Laser Weapon System Market Summary
A military laser weapon system, also known as Directed Energy Weapon (DEW), refers to a system that uses focused laser beams to destroy or disable targets. It harnesses the energy of lasers to deliver precise and high-intensity beams of light, which can cause damage or destruction to enemy assets. Here are some key aspects and trends related to military laser weapon systems:
1. Advantages of Laser Weapon Systems: Military laser weapon systems offer several advantages over traditional kinetic weapons such as firearms or missiles. They provide high accuracy, long-range capabilities, quick engagement times, and potentially unlimited ammunition (as long as power supply is available). They also have a reduced risk of collateral damage and can be more cost-effective in the long run, considering the potential elimination of the need for ammunition resupply.
2. Laser Beam Power and Range: The power and range of military laser weapon systems are crucial factors in determining their effectiveness. Advancements in laser technology are focused on increasing power output, efficiency, and beam quality, allowing for longer-range engagements. Greater power levels enable the destruction or disabling of targets more quickly and effectively.
3. Target Engagement: Military laser weapon systems can be designed for various target engagements. For example, they can be used to engage and disable unmanned aerial vehicles (UAVs), drones, artillery shells, rockets, mortars, or even ground vehicles. Laser systems can also be used for countermeasures against sensors and optics, blinding or disrupting enemy systems.
4. Scalability and Integration: Another trend is the development of scalable laser weapon systems that can be mounted on various platforms, ranging from ground-based units to naval vessels and airborne platforms like aircraft or drones. The integration of laser systems with existing military platforms allows for increased flexibility and adaptability.
According to the new market research report "Global Military Laser Weapon System Market Report 2023-2029", published by QYResearch, the global Military Laser Weapon System market size is projected to grow from USD 552.6 million in 2023 to USD 957.8 million by 2029, at a CAGR of 9.6% during the forecast period.
Figure. Global Military Laser Weapon System Market Size (US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Military Laser Weapon System Market Report 2023-2029.
Market Drivers:
The market for military laser weapon systems is driven by several key factors:
1. Increasing Threats and Security Concerns: The evolving nature of modern warfare, including the proliferation of unmanned aerial vehicles (UAVs), ballistic missiles, and other asymmetric threats, has led to a heightened need for advanced defense systems. Military laser weapon systems offer capabilities to counter these threats effectively.
2. Advantages over Traditional Weapon Systems: Military laser weapon systems provide advantages over conventional kinetic weapon systems such as artillery, missiles, and bullets. They offer precise targeting, rapid engagement times, reduced collateral damage, and potentially unlimited ammunition (based on power supply), making them attractive for military applications.
3. Technological Advancements: Ongoing advancements in laser and electro-optics technologies play a crucial role in driving the market for military laser weapon systems. Improvements in power output, beam quality, efficiency, and size reduction enable the development of more effective and compact laser systems.
4. Cost Efficiency: Laser weapon systems have the potential to be cost-effective over the long term. While the initial investment in laser technology can be significant, there is no need for expensive ammunition resupply or logistics support. This can result in cost savings over time, especially in scenarios involving extended engagements.
5. Increasing Defense Budgets: Growing defense budgets worldwide, driven by geopolitical tensions and modernization efforts, contribute to the expansion of the military laser weapon system market. Countries are investing in research and development programs to enhance their defense capabilities, including the adoption of advanced laser technologies.
Restraint:
Military Laser Weapon System Restraint:
1. Limited Effectiveness Against Certain Targets: While military laser weapon systems offer several advantages, they may have limitations in terms of their effectiveness against certain targets. For example, highly reflective or heat-resistant materials can reduce the efficiency of laser beams, making it challenging to penetrate or disable the target.
2. Range and Atmospheric Conditions: The range of military laser weapon systems can be limited due to factors such as atmospheric interference, such as fog, smoke, or dust. These conditions can scatter or absorb the laser beams, reducing their efficacy and range. Adverse weather conditions can further impact the performance of laser systems, making them less reliable in certain environments.
3. Power Supply and Logistics: Military laser weapon systems require significant amounts of power to generate the high-intensity laser beams needed for effective engagement. Providing a reliable and sustained power supply, particularly for mobile or remote applications, can be logistically challenging. This includes considerations for power generation, storage, and distribution.
4. Countermeasures and Defenses: Advances in laser countermeasures and active defense technologies can limit the effectiveness of military laser weapon systems. Countermeasures like laser-absorbing materials, adaptive optics, or kinetic interception can reduce the impact of laser attacks, making it more difficult to disable or destroy enemy assets.
5. Legal and Ethical Considerations: The deployment and use of military laser weapon systems must adhere to international laws and ethical guidelines. There are legal frameworks, such as the United Nations’ laws of armed conflict, that regulate the use of lasers in warfare to prevent civilian harm and unnecessary suffering. These considerations may influence the deployment and rules of engagement for laser weapons.
6. Cost and Affordability: The development, production, and deployment costs of military laser weapon systems can be significant. The high-tech nature of laser technology, along with testing, integration, and maintenance requirements, can result in higher costs compared to traditional weapon systems. These costs may pose challenges for widespread adoption across military forces.
7. Safety Concerns: Military laser weapon systems can pose safety concerns, both for the operators and unintended targets. Adequate safety measures and protocols must be implemented to prevent accidental exposure or collateral damage to non-combatants and friendly forces.
8. Technological Maturity and Reliability: Military laser weapon systems are continuously evolving and may still be in the early stages of development or limited field deployments. Achieving technological maturity, ensuring system reliability, and addressing reliability issues associated with high-power lasers can be a restraint in the broader adoption and deployment of these systems.
Addressing these restraints requires ongoing research, development, and innovation in laser technology, power supply, beam control, and countermeasure mitigation. Additionally, adherence to legal and ethical frameworks and addressing concerns related to safety and reliability are essential to the further development and utilization of military laser weapon systems.
Trends:
1. Increasing Power and Range: There is a trend towards developing military laser weapon systems with higher power levels and extended engagement ranges. Advancements in laser technology and beam control systems are enabling more potent and effective laser weapons that can engage targets at greater distances.
2. Improved Target Recognition and Tracking: The integration of advanced sensors, target recognition algorithms, and artificial intelligence (AI) is enhancing the target acquisition, tracking, and engagement capabilities of military laser weapon systems. This trend allows for faster and more accurate engagement, even in complex and dynamic battlefields.
3. Multifunctional Laser Systems: Military laser weapon systems are being designed to have multifunctional capabilities, where a single system can perform various roles. For example, laser systems can be used for target designation, communication disruption, or even non-lethal effects such as dazzling or temporarily blinding adversaries.
4. Integration with Network-Centric Warfare: Integration of military laser weapon systems with existing network-centric warfare systems is becoming more prevalent. This integration allows for better coordination, sharing of information, and combined operations with other assets and units in the battlefield, improving situational awareness and operational effectiveness.
5. Compact and Lightweight Designs: Advances in laser and thermal management technologies are leading to more compact and lightweight military laser weapon systems. This trend enables easier integration and deployment on various platforms, including ground vehicles, aircraft, and naval vessels.
Figure. Military Laser Weapon System, Ranking of Major Global Players
Based on or includes research from QYResearch: Global Military Laser Weapon System Market Report 2023-2029.
In 2023, the global top five Military Laser Weapon System players account for xx% of market share in terms of revenue. Above figure shows the key players ranked by revenue share in Military Laser Weapon System.
Figure. Military Laser Weapon System, Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Military Laser Weapon System Market Report 2023-2029.
In terms of product type, Solid-State Laser is the largest segment, hold a share of 63% in 2023.
Figure. Military Laser Weapon System, Global Market Size, Split by Application Segment
Based on or includes research from QYResearch: Global Military Laser Weapon System Market Report 2023-2029.
In terms of product application, Land Based is the largest application, hold a share of 66% in 2023.
Figure. Military Laser Weapon System, Global Market Size, Split by Region (Sales)
Based on or includes research from QYResearch: Global Military Laser Weapon System Market Report 2023-2029.
In 2023, United States will hold the largest market share.
About The Authors
HuChen Yang
Lead Author
Machinery and Equipment
Email: [email protected]
Tel: +86-17801072109
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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Self-Guided Torpedo Market Research Report
Self-Guided Torpedo Market by Product (Acoustic Homing Torpedo and Wake Homing Torpedo), Type (Heavyweight Torpedo and Lightweight Torpedo), and Application (Naval Vessel-launched Torpedo and Aerial Platform-launched Torpedo) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global Self-Guided Torpedo market size is expected to growth from USD 1134.6 million in 2020 to USD 1365.6 million by 2027; it is expected to grow at a CAGR of 2.7% during 2021-2028.
Torpedo is the most preferred lethal underwater weapons for naval platforms such as submarines, surface vessels, aircraft, and helicopters. A modern torpedo contains intricate devices to control its depth and direction according to a pre-set plan or in response to signals received from an outside source, as well as a device that detonates the explosive-filled warhead when it strikes its target or comes close to it.
Increase in number of territorial conflicts throughout the world and rise in naval modernization programs drive the growth of the global self-guided torpedo market. However, increase in incorporation of anti-torpedo defense systems in combat vessels are some of the factors that have supported long-term expansion for Self-Guided Torpedo Market.
The rapid spread of COVID-19 had a significant impact on the global self-guided torpedo market in 2020, owing to the decline in financial growth across the world. COVID-19 pandemic led to several challenges for the self-guided torpedo industry such as disruption in the supply chain of raw materials, logistics challenges, and others. On the other hand, the self-guided torpedo equipment manufacturers had to reduce expansion and R&D investments to withstand the decline in revenue and operating performance of the defence industry.
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Regional Analysis
Asia-Pacific accounted for the largest share in 2020, contributing to nearly one-third of the total share, and is estimated to maintain its dominance in terms of revenue. However, North America is expected to portray the fastest CAGR of 7.4% during the forecast period.
Competitive Landscape
Key Players
ATLAS ELEKTRONIK GmbH
BAE Systems plc
Honeywell International Inc.
Leonardo S.p.A.
Lockheed Martin Corporation
Mitsubishi Heavy Industries, Ltd.
Naval Group
Northrop Grumman Corporation
Raytheon Technologies Corporation
Saab AB
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Recent Developments
The Defence Acquisition Council (DAC) cleared the purchase of 13 long range guns that will allow warships to attack targets some 24 km away, including targets on sea and land. The range can be extended further by using a different type of ammunition.
Airborne weapons experts at the Boeing Co. got the go-ahead last week to start building add-on kits for the U.S. Navy Mark 54 lightweight torpedo that will enable the Navy P-8A Poseidon maritime patrol jet to launch these weapons from altitudes as high as 30,000 feet and attack enemy submarines from long ranges.
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Gain authentic and granular data access for Self-Guided Torpedo Market so as to understand the trends and the factors involved behind changing market situations
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In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Report Scope
Self-Guided Torpedo Market is segmented into product, type, application and region.
On the basis of Product
Acoustic Homing Torpedo
Wake Homing Torpedo
On the basis of Type
Heavyweight Torpedo
Lightweight Torpedo
On the basis of Application
Naval Vessel-launched Torpedo
Aerial Platform-launched Torpedo
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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Automatic Weapons Market Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast by 2027
The global automatic weapons market size was USD 8.44 billion in 2019 and is projected to reach USD 15.04 billion by 2027, exhibiting a CAGR of 7.85% during the forecast period.This information is provided by Fortune Business Insights, in its report titled, “Automatic Weapons Market, 2020-2027.” The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the automatic weapons market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders.
Information Source:
Segmentation:
Great Demand for Automatic Rifles from Numerous Armed Forces to Spur Market Growth
On the basis of product, the market includes automatic rifles, machine guns, automatic launchers, automatic cannons, and gatling guns.
The automatic rifles segment held a leading share of the market in 2019.
Growing Demand of Semi-Automatic Weapons from India, Ukraine, Pakistan, and Syria to Thrive Market Growth
On the basis of type, the market is classified as fully automatic and semi-automatic.
The fully automatic segment is estimated to record a higher CAGR during the forecast period.
Rising Use of Medium Caliber in Assaults Rifles to Drive Market Growth
Based on caliber, the market is segmented into small caliber, medium caliber, and large caliber.
The small caliber segment is anticipated to have a leading automatic weapons market share during the forecast period.
Substitute of Conventional Systems with Progressive Combat Systems in Fighter Aircraft to Stimulate Growth of Airborne Segment
In terms of end use, the market is classified into land, naval, airborne, and handheld & stationary.
The land segment is classified as battle tanks, armored fighting vehicles (AFVs), and light protected vehicles (LPVs).
Geographically, the market is segregated into North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.
Drivers and Restraints:
Increasing Occasions of Cross-Border Conflicts to Impel Automatic Weapons Market Growth
The nations across the world have observed a severe upsurge in border conflicts for the last few years. The struggles between China and India border disagreement, India and Pakistan border differences, Venezuela and Colombia border dispute, North Korea and South Korea border crisis, as well as Iraq and Syria border disagreements are the prime cross-border battles in the last sixty years.
The surging occurrences of cross-border conflicts across the world are thrusting the demand for these weapons to enhance the battlefield capacity of the army.
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Regional Insights:
North America to Lead Backed by Presence of Major Players
The market size in North America stood at USD 3.06 billion in 2019. The market in North America is predicted to be the largest market during the forecast period owing to the existence of important players in the U.S.
The market in Europe is predicted to display substantial growth during the forecast period owing to the occurrence of vital players.
Asia Pacific is expected to demonstrate healthy growth owing to the extending arms and ammunition industry in countries such as China and India.
Competitive Landscape:
Important Players Sign Vital Contracts to Make Notable Changes in Market
The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their own company.
Key Industry Developments:
March 2020: Rheinmetall and Switzerland’s Federal Office for Defense engaged in an agreement to supply rifle-mounted laser targeting components to Swiss army. In this agreement, Rheinmetall is further predicted to supply accessories, spare fragments, and training support for the Swiss Army.
List of Key Players Mentioned in the Report:
BAE Systems (U.K.)
Denel Land Systems (South Africa)
FN Herstal (U.K.)
General Dynamics Corporation (U.S.)
Kalashnikov Concern (Russia)
KBP Instrument Design Bureau (Russia)
Northrop Grumman Corporation. (U.S.)
Rheinmetall AG (Germany)
ST Engineering (Singapore)
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Ammunition Handling System Market to Register Incremental Dollar Opportunity During 2027
Stratview Research has launched a new report on the Ammunition Handling System Market, which is segmented by Product Type, by Application Type, by Material Type, and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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The Ammunition Handling System Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Ammunition Handling System is the increasing demand for Ammunition Handling System in various industries.
This report on the Ammunition Handling System Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Ammunition Handling System Market. The report intends to present a thorough analysis of the Ammunition Handling System Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Ammunition Handling System Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Ammunition Handling System Market are-
Meggitt Plc
General Dynamics Corporation
Nobles Worldwide
Mcnally Industries, LLC
Curtiss-Wright Corporation
Moog Inc
Growth drivers and Market Value:
This report, from Stratview Research, studies the Ammunition Handling System Market value and growth drivers over the trend period of 2022-27. According to the report -
Ammunition handling system market is likely to witness an impressive CAGR of 7.5% during the forecast period. The factors that are contributing to the demand for ammunition handling systems are mainly the increasing demand for remote weapon stations, tank turrets, and naval guns from military forces across the globe.
Segment Analysis:
Based on Platform Type:
Based on the platform type, the ammunition handling system market is segmented as land, naval, and airborne. The land segment dominated the market in 2021, and is expected to remain the fastest-growing platform type during the forecast period. The increasing demand for main battle tanks and armored fighting vehicles across the globe is driving the growth of this segment.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the fastest-growing ammunition handling system market during the forecast period, with China, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is driven by the increase in the defense spending of emerging countries, which is generating huge demand for ammunition handling systems and the presence of a large number of ammunition handling system manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the foreseen duration.
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Precision Guided Munition Industry Analysis, Size, Share, Trends, Growth and Forecasts for 2022 - 2026
The Precision Guided Munition Global Market Report 2021-31 by The Business Research Company describes and explains the global precision guided munition market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Precision Guided Munition Global Market Report 2022 covers precision guided munition market drivers, precision guided munition market trends, precision guided munition market segments, precision guided munition market growth rate, precision guided munition market major players, and precision guided munition market size.
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The precision guided munition market report provides in-depth analysis of the impact of COVID-19 on the global precision guided munition industry along with revised market numbers due to the effects of the coronavirus and the expected precision guided munition market growth numbers for 2022-2031.
The global precision-guided munition market size is expected to grow from $28.48 billion in 2021 to $31.47 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The global precision guided munition market share is expected to grow to $41.23 billion in 2026 at a CAGR of 7.0%.
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Precision Guided Munition Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the precision guided munition market segments- 1) By Product: Tactical Missiles, Guided Rockets, Guided Ammunition, Torpedoes, Loitering Munitions
2) By Technology: Infrared, Semi Active Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation
3) By Launch Platform: Land, Airborne, Naval
4) By Mode of Operation: Semi-Autonomous, Autonomous
5) By Speed: Subsonic, Supersonic, Hypersonic
Table Of Contents
1. Executive Summary
2. Precision-Guided Munition Market Characteristics
3. Precision-Guided Munition Market Trends And Strategies
4. Impact Of COVID-19 On Precision-Guided Munition
5. Precision-Guided Munition Market Size And Growth
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26. Africa Precision-Guided Munition Market
27. Precision-Guided Munition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Precision-Guided Munition Market
29. Precision-Guided Munition Market Future Outlook and Potential Analysis
30. Appendix
About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. It has offices in the UK, the US and India and a network of trained researchers in 20+ countries globally.
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Ammunition Handling System Market Growth Prediction, Investment Opportunity, Product Type and Forecast 2020-2027
Ammunition Handling System market analysis on global market is a thorough study that offers a select combination of skillful market realities. The study shows changing market trends as well as the market size of individual segments in this market. This report mentions various top players involved in this market. Analysis of the Ammunition Handling System market begins with a market-based outline and underlines the current information on the global market, complemented by data on the current situation. The report further discusses market share, market size, revenue growth, emerging trends, and offers a comprehensive industry overview.
Global Ammunition Handling System market report is a comprehensive study of the global market and has been recently added by Reports and Data to its extensive database. Augmented demand for the global market has increased in the last few years. This informative research report has been scrutinized by using primary and secondary research. The Ammunition Handling System market is a valuable source of reliable data including data of the current market.
Market Overview:
The automotive industry has expanded exponentially in the recent decades owing to increasing demand for vehicles in emerging economies. Countries like China, India, Vietnam and others have offered lucrative growth opportunities to the automotive sector as the growing middle-class population and rising disposable income in these countries have created a massive demand for passenger vehicles as well as other types of vehicles.
In the more mature markets of developed nations, there has been a rising demand for electric and hybrid vehicles. Concern for climate change and the catastrophic effect carbon emissions can have on the planet, strict legislature has been put in place around the world. This has driven the growth of electric automotive industry.
Leading companies included in the study:
Meggitt
General Dynamics
Nobles Worldwide
Mcnally Industries
Curtiss-Wright
Standard Armament
Moog
BAE Systems
Thales Group
Calzoni
Dillon Aero
GSI International
Market coverage based on Type:
Loading Systems
Drive Assembly
Ammunition Storage Units
Auxiliary Power Units (APU)
Others
Market coverage based on Application:
Land
Naval
Airborne
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The key questions answered in the report:
What will be the market size and growth rate in the forecast year?
What are the key factors driving the Ammunition Handling System market?
What are the risks and challenges in front of the market?
Who are the key vendors in the Ammunition Handling System market?
What are the trending factors influencing the market shares?
What are the key outcomes of Porter’s five forces model?
Which are the global opportunities for expanding the Ammunition Handling System market?
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Across the globe, different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa have been examined on the basis of productivity and manufacturing base. Researchers of this report highlight different terminologies of the Ammunition Handling System market.
This research report represents a 360-degree overview of the competitive landscape of the Ammunition Handling System market. Furthermore, it offers massive data relating to the recent trends, technological advancements, tools, and methodologies. The research report analyzes the Ammunition Handling System market in a detailed and concise manner for better insights into the businesses.
The research study has taken the help of graphical presentation techniques such as info graphics, charts, tables, and pictures. It provides guidelines for both established players and new entrants in the Ammunition Handling System market.
The detailed elaboration of the Ammunition Handling System market has been provided by applying industry analysis techniques such as SWOT and Porter’s five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.
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Table of Contents:
Ammunition Handling System market Overview
Economic Impact on Industry
Market Competition by Manufacturers
Production, Revenue (Value) by Region
Supply (Production), Consumption, Export, Import by Regions
Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Ammunition Handling System market Forecast
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward-looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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Ammunition Handling System Market Demand, Growth, Volume, Challenges, Analysis and Forecast 2028
Profshare Market Research published research study on Global Ammunition Handling System Market and market expected to show CAGR between 2019-27. Market Constraints, risk and threats information are very useful while developing business strategies. Research study precisely engages in opportunities & challenges scenario.
Factors that affects the market on either side includes Consumer expectation vs need scenario, Environmental Change, government policies & Technology Progress. In every product line raw material analysis and supplier insight plays vital role because they are directly connected with profit margin, hence this research study extensively focuses on these factors. Concentration rate analysis as well as Expansion, Mergers & Acquisitions scenario also considered in research study.
The study delivers overview, growth and forecast of the Ammunition Handling System Market. The market has been studied on global as well as country specific level. Research includes historical data from 2015 to 2019, 2019 as base years while 2020 to 2028 based on revenue is considered as future market estimates.
Research study on Ammunition Handling System Market helps clients to make precise decision in order to expand their market share globally. The report also contains value chain analysis for each of the product segments. Value addition at each stage of product is very important for success of product that can be perfectly delivered by value chain analysis. Market research study on Ammunition Handling System product precisely focuses on key indicators of market growth.
Access Full Report @ https://www.profsharemarketresearch.com/ammunition-handling-system-market/
Research study is segmented into:
Global Ammunition Handling System Market : Product Type
Main Guns
Machines Guns
Gatling Guns
Cannons
Global Ammunition Handling System Market : Competitive Analysis
General Dynamics Corporation
Mcnally Industries
BAE Systems Plc
Thales Group
Standard Armament Inc
Calzoni
Global Ammunition Handling System Market : Application
Airborne
Naval
Land
Regional analysis
North America : USA, Mexico, Canada
Europe: UK, Germany, France, Spain, Italy, Netherlands & Rest of Europe
Asia Pacific : China, India, Japan, Singapore, South Korea & Oceania
Latin America : Brazil & Argentina
Middle East : UAE, Qatar, Israel.
Rest of the World.
Research study developed on Ammunition Handling System Market is very useful in order to gain complete insight of the market, some the key aspects included in the study are:
Market estimation
Forecast 2021-28
Growth drivers
Raw material & Supply analysis
End User & Application insight
Key player’s analysis
Import & Export scenario
Challenges & Opportunities
Current & emerging market trends.
Tenders & Pricing scenario.
About Profshare:
Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organisations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.
Contact :
Kalyani D.
Profshare Market Research
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Artillery Ammunition Market Insights, Rising Trends and Global Demand 2027
According to a newly published report by Research Nester on “Artillery ammunition Market- Global Demand Analysis and Opportunity Outlook 2027” delivers detailed overview of the global artillery ammunition market in terms of market segmentation by range, by caliber, by type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The recent emerging issues across the World has pushed the need to adopt advanced military facilities and equipment. The advancement has been done in every product to empower and strengthen the armies resulting in expansion of the overall military and defense sector. The ammunitions have been in use since 16th century with improvements being done time to time to cater the military demands and secure the national interests. The global artillery ammunition market is anticipated to record a CAGR of around 5% over the forecast period i.e. 2019-2027 owing to increased demand for better military facilities against terrorism, increasing geopolitical issues and regional conflicts and warfare. The technical up gradations, constant government investments and recent developments have resulted in provision of high-tech next generation ammunitions for defense and military purposes.
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The market is segmented by type, range, caliber and application. On the basis of type, the market is segmented into howitzer [self-propelled, towed], mortar [self-propelled, towed], anti-air [air defense gun, counter rocket artillery and mortar (CRAM)] and others [naval, coastal], out of which the howitzer segment is anticipated to have leading shares on account of high adoption of these ammunitions in military. The howitzers can provide both direct and indirect fires, need low maintenance, and are highly cost effective. The market is further segmented into small, medium and large on the basis of range, out of which the medium segment is anticipated to witness significant growth on the back of their high ballistic properties to carry out operations efficiently.
The reduced maintenance, better projectiles and trajectory, improved tracer visibility and elimination of contamination of environment are expected to boost the market growth. On the basis of caliber, the market is further segmented into small, medium and heavy, out of which, the medium segment is anticipated to have leading market shares on the account of their increasing demand for various applications, the ammunitions are available in wide spectrum so as to cater the required demand.
On the regional basis, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa, out of which North America is anticipated to have leading shares during the forecast period on the back of huge government investments in military and defense sector coupled with presence of major key players in the region. Europe is expected to witness significant growth owing to the recent events that has taken place in the continent.
The attacks have forced the countries to adopt for better defense strategies to tackle the threats. Asia –Pacific is anticipated to witness significant growth on the back of increasing terrorist activities in the region coupled with rising territorial conflicts between the countries. India is expected to contribute most in the market with increasing investments in modernizing the military facilities. The investments made by the countries for instance, China, South Korea and Japan in defense to develop high end military facilities is anticipated to boost the market growth.
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Increasing Regional Conflicts and Geopolitical Issues to Boost the Demand for Artillery Ammunitions
The increasing territorial tensions coupled with rise in rate of terrorism is expected increase the product demand during the forecast period. The countries are developing new technologies to strengthen their military for instance, South Korea has been investing heavily in military to develop latest ammunitions.
Recent Developments–The automation in reconnaissance, surveillance, and target acquisition has developed such systems which have integrated computer systems for technical and tactical fire control. Rockwell Collins has developed the system which can provide digital fire solutions which enable the digital calls to be used for indirect fires on mortar, range systems and artilleries.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global artillery ammunition market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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The naval ammunition market report covers current market size and 10 year naval ammunition market forecast. It is segmented by type, technology, caliber, region
#naval ammunition market#naval ammunition market report#naval ammunition market size#naval ammunition market growth#naval ammunition market trends#naval ammunition market analysis#' naval ammunition market forecast
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Ammunition Handling System Market Demand, Growth, Volume, Challenges, Analysis and Forecast 2028
Profshare Market Research published research study on Global Ammunition Handling System Market and market expected to show CAGR between 2019-27. Market Constraints, risk and threats information are very useful while developing business strategies. Research study precisely engages in opportunities & challenges scenario.
Factors that affects the market on either side includes Consumer expectation vs need scenario, Environmental Change, government policies & Technology Progress. In every product line raw material analysis and supplier insight plays vital role because they are directly connected with profit margin, hence this research study extensively focuses on these factors. Concentration rate analysis as well as Expansion, Mergers & Acquisitions scenario also considered in research study.
The study delivers overview, growth and forecast of the Ammunition Handling System Market. The market has been studied on global as well as country specific level. Research includes historical data from 2015 to 2019, 2019 as base years while 2020 to 2028 based on revenue is considered as future market estimates.
Research study on Ammunition Handling System Market helps clients to make precise decision in order to expand their market share globally. The report also contains value chain analysis for each of the product segments. Value addition at each stage of product is very important for success of product that can be perfectly delivered by value chain analysis. Market research study on Mattress product precisely focuses on key indicators of market growth.
Access Full Report @ https://www.profsharemarketresearch.com/ammunition-handling-system-market/
Market Segmentation
Product Types:
Main Guns
Machines Guns
Gatling Guns
Cannons
Application/ End User Analysis
Airborne
Naval
Land
Company Analysis
General Dynamics Corporation
Mcnally Industries
BAE Systems Plc
Thales Group
Standard Armament Inc
Calzoni
Regional analysis
North America : USA, Mexico, Canada
Europe: UK, Germany, France, Spain, Italy, Netherlands & Rest of Europe
Asia Pacific : China, India, Japan, Singapore, South Korea & Oceania
Latin America : Brazil & Argentina
Middle East : UAE, Qatar, Israel.
Rest of the World.
Research study developed on Ammunition Handling System Market is very useful in order to gain complete insight of the market, some the key aspects included in the study are:
Market estimation
Forecast 2021-28
Growth drivers
Raw material & Supply analysis
End User & Application insight
Key player’s analysis
Import & Export scenario
Challenges & Opportunities
Current & emerging market trends.
Tenders & Pricing scenario.
Key Questions answered by the Ammunition Handling System Market Report:
What is the Base Year for Ammunition Handling System Market report?
What historical data is included in Ammunition Handling System Market Report?
Are Top companies in Ammunition Handling System Market are analysed in this report?
What are the regions analysed in Ammunition Handling System Market Report?
What are the main topics covered in the Ammunition Handling System Market Report ?
Is COVID 19 impact on the Ammunition Handling System Market included in the Report ?
About Profshare:
Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organisations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.
To Know More About Us Visit :https://www.profsharemarketresearch.com/
Contact :
Kalyani D.
Profshare Market Research
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Global Smart Weapons Market Application, Product Segment, Analysis and Forecast 2021-2025 Report
Smart weapons are those guided weapons that can strike a target with high precision even if it is mobile or stationary. The targets can be located with the help of guidance systems such as lasers, satellites, cameras, infrared and GPS. These weapons provide high accuracy, increased lethality and wide range of paramilitary and military forces. The advancements in smart weapons will enhance the efficiency and capability of the military forces. There are various types of smart weapons such as guided bombs, air-to-surface missiles, surface-to-air missiles, smart bullets, electromagnetic pulse weapons and precision artillery munitions.
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Market Dynamics
The market is witnessing enormous demand due to factors such as changes in the nature of warfare, increasing need to decrease security damage and high demand for accuracy in arms and ammunitions. Also, aging military equipments and huge cost of maintaining those equipments drives the growth of the smart weapons market. Various governments such as China, US and Russia are investing heavily in the modernization of their military equipments which in turn give impetus to weapon manufacturers to develop smart weapons. However, impact of arms trade regulations and dependency on the United States government is a challenge which hinders the progress of the market.
Market Segmentation
The Global Smart Weapons Market is segmented on the basis of technology, product and platform. On the basis of technology, market can be segmented into Laser, Active Homing, GPS,Infrared, IIR Homing, IR Homing, Radar, Passive Homing, Wire-guided, Satellite and others. The market is split into Missiles, Air-to-Air & Air-to-Surface Missile, Anti-Ship & Antisubmarine Missile, Antitank Missiles & Standoff Missiles, Guided Bombs, Munitions, Artillery Shells, Mortar Rounds, antitank & Tactical rockets, Target Pods, Guided Projectiles and Guided Rockets. On the basis of platform, the market is segmented into air, land and naval.
Geographical Analysis
The market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific and MEA. North America and Europe are projected to be the most lucrative market with significant growth. North America is dominating the smart weapons market due to increase in defense budget and continuous development in technology in smart weapons.
Key Players
Some of the key players in the market include General Dynamics, Thales Group, Orbital ATK, MBDA, Boeing, Lockheed Martin and Raytheon.
Report Contents Regional Analysis Report Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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Military Sensor Market Research ReportMilitary Sensor Market Research Report
As per the GMI Research's latest analysis, Global Military Sensor Market reveals that the market is slated to register a significant CAGR over the forecast period. This is attributed to the high adoption of UAVs in modern warfare, the rapid modernization and advancement in micro-electromechanical systems (MEMS), and the rising need for battlespace awareness among defense forces.
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Military Sensor Market’s leading Manufacturers:
· Honeywell International Inc.
· Lockheed Martin Corporation
· TE Connectivity Ltd.
· Kongsberg Gruppen
· Raytheon Company
· Thales Group
· Ultra Electronics Holdings
· General Electric Company
· Esterline Technologies Corporation
· BAE Systems PLC
Military Sensor Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The high adoption of UAVs in modern warfare, the rapid modernization and advancement in micro-electromechanical systems (MEMS), and the rising need for battlespace awareness among defense forces are the prominent factors responsible for the growth of the military sensor market. The high adoption of MEMS-based devices is developing micro gyros for positioning and navigations, micromirrors for steering laser beams, and microbolometers for infrared imaging. MEMS fabrication techniques allow engineers to reduce mechanical components and coordinated them with microelectronics, thus empowering modern capabilities and upgrading execution. Furthermore, the high demand for new generation missile and air defense systems and the increasing incorporation of anti-jamming specifications with navigation systems are some other factors stimulating the market growth in the upcoming years. However, the factors hampering the growth of the market include decreasing defense budgets of several North American and European economies and limited accuracy and operation complexities regarding MEMS navigations sensors.
Component Segment Drivers
On the basis of the component, the software segment is projected to increase at a faster CAGR over the coming years due to the high demand for real-time processing and analyzing data via machine learning (ML) and artificial intelligence (AI). These software technologies aid military sensors to distinguish between two objects.
Range Segment Drivers
Based on the range, the <50 km segment is predicted to rise at a higher CAGR in the coming years due to the strong demand for military sensors from economies like China, India, and the US, as they derive procuring military aircraft.
Military Sensor Market Segmentation:
Segmentation by Component:
· Hardware
o Sensors
§ Radars
§ Infrared Cameras
§ Laser Rangefinders
§ Laser Target Designators
§ Seismic Sensors
§ Acoustic Sensors
§ Magnetic Sensors
§ Sonars
§ Lidar
§ Pressure Sensors
§ Temperature Sensors
§ Torque Sensors
§ Speed- Sensor
§ Position Or Displacement Sensors
§ Accelerometers
§ Gyroscopes
§ Gps Sensor
§ Pitot Probes
§ Proximity Sensors
§ Smoke Detectors
§ Particle Sensors
§ Gas Sensors
§ Others
o Storage
o Processors
o Networks
· Software
o Data Fusion
o Data Processing
· Cybersecurity Solutions
Segmentation by Platform:
· Airborne
o Fighter Aircraft
o Helicopters
o Combat Support Aircraft
o Unmanned Aerial Vehicles
· Land
o Armored Ground Vehicles
o Combat Support Vehicles
o Unmanned Ground Vehicles (UGVS
o Operating Bases
o Soldiers
· Naval
o Combat Ships
o Combat Support Ships
o Submarines
o Unmanned Marine Vehicles (UMVS)
· Space
· Munitions
o Rockets & Missiles
o Guided Ammunition
o Torpedoes
o Artillery Systems
Segmentation by Application:
· Intelligence & Reconnaissance
· Communication & Navigation
· Combat Operations
· Electronic Warfare
· Target Recognition
· Command & Control
· Surveillance & Monitoring
Segmentation by Region:
· North America
o United States of America
o Canada
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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Automatic Weapons Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast by 2027
The global automatic weapons market size was USD 8.44 billion in 2019 and is projected to reach USD 15.04 billion by 2027, exhibiting a CAGR of 7.85% during the forecast period.This information is provided by Fortune Business Insights, in its report titled, “Automatic Weapons Market, 2020-2027.”
Information Source:
Report Coverage:
The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the automatic weapons market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.
Segmentation:
Great Demand for Automatic Rifles from Numerous Armed Forces to Spur Market Growth
On the basis of product, the market includes automatic rifles, machine guns, automatic launchers, automatic cannons, and gatling guns.
The automatic rifles segment held a leading share of the market in 2019.
Growing Demand of Semi-Automatic Weapons from India, Ukraine, Pakistan, and Syria to Thrive Market Growth
On the basis of type, the market is classified as fully automatic and semi-automatic.
The fully automatic segment is estimated to record a higher CAGR during the forecast period.
Rising Use of Medium Caliber in Assaults Rifles to Drive Market Growth
Based on caliber, the market is segmented into small caliber, medium caliber, and large caliber.
The small caliber segment is anticipated to have a leading automatic weapons market share during the forecast period.
Substitute of Conventional Systems with Progressive Combat Systems in Fighter Aircraft to Stimulate Growth of Airborne Segment
In terms of end use, the market is classified into land, naval, airborne, and handheld & stationary.
The land segment is classified as battle tanks, armored fighting vehicles (AFVs), and light protected vehicles (LPVs).
Geographically, the market is segregated into North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.
Drivers and Restraints:
Increasing Occasions of Cross-Border Conflicts to Impel Automatic Weapons Market Growth
The nations across the world have observed a severe upsurge in border conflicts for the last few years. The struggles between China and India border disagreement, India and Pakistan border differences, Venezuela and Colombia border dispute, North Korea and South Korea border crisis, as well as Iraq and Syria border disagreements are the prime cross-border battles in the last sixty years.
The surging occurrences of cross-border conflicts across the world are thrusting the demand for these weapons to enhance the battlefield capacity of the army.
Regional Insights:
North America to Lead Backed by Presence of Major Players
The market size in North America stood at USD 3.06 billion in 2019. The market in North America is predicted to be the largest market during the forecast period owing to the existence of important players in the U.S.
The market in Europe is predicted to display substantial growth during the forecast period owing to the occurrence of vital players.
Asia Pacific is expected to demonstrate healthy growth owing to the extending arms and ammunition industry in countries such as China and India.
Competitive Landscape:
Important Players Sign Vital Contracts to Make Notable Changes in Market
The players operating in the market often employ numerous tactics that will aid the market growth and product demand. Among the pool of strategies, one such notable strategy to expand the business prospect is signing multimillion contracts with government bodies and securing a profitable revenue for their own company.
Key Industry Developments:
March 2020: Rheinmetall and Switzerland’s Federal Office for Defense engaged in an agreement to supply rifle-mounted laser targeting components to Swiss army. In this agreement, Rheinmetall is further predicted to supply accessories, spare fragments, and training support for the Swiss Army.
List of Key Players Mentioned in the Report:
BAE Systems (U.K.)
Denel Land Systems (South Africa)
FN Herstal (U.K.)
General Dynamics Corporation (U.S.)
Kalashnikov Concern (Russia)
KBP Instrument Design Bureau (Russia)
Northrop Grumman Corporation. (U.S.)
Rheinmetall AG (Germany)
ST Engineering (Singapore)
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