Global Smart Weapons Market to Hit USD 61.40 Bn by 2035 | CAGR 10.75%

Read more about this report- Global Smart Weapons Market to Hit USD 61.40 Bn by 2035 | CAGR 10.75%

The Smart Weapons Market is valued at USD 19.97 Billion in 2024. The Smart Weapons Market will achieve USD 61.40 Billion by 2035 through a projected 10.75% CAGR from 2025 to 2035.

The factors that improve the use of smart weapons around the world include the increase in geopolitical tensions and the necessity of precision fire abilities required. Nevertheless, high acquisition and support costs are major constraints to most military budgets. One increasingly attractive opportunity is the authentication of AI and autonomous targeting systems; next-generation weapons systems are more intelligent and adaptable to the complex situations of combat.

The international smart weapons market is segmented into many markets, such as Product Type (missiles, guided bombs, smart rifles, and others), Guidance System (laser, infrared, radar, GPS), Technology (autonomous, semi-autonomous), Platform (airborne, naval, land-based), and End User (military, homeland security). These include the guided missile segment, the fastest-growing segment, supported by active border conflicts and the sharp rise in investments in long-range strike capabilities.

Smart weapons find vital uses in precision targeting, antiterrorism, surveillance and reconnaissance, and border security measures. Militaries have witnessed some significant ingenuity in the precision strike sector with the introduction of GPS-guided systems, AI-based targeting, and multi-platform interoperability, enabling them to minimize collateral effects yet maximize the success of the critical missions.

Rising net security spending, strategic modernization, and cross-border threats are some of the areas that drive the market. As an example, the U.S. Joint All-Domain Command and Control (JADC2) strategy focuses on networked smart weapons to establish a synchronized battlefield response to enhance efficiency and coordination in contemporary warfare.

The smart weapons industry is supported by five geographic regions, i.e., North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Elsewhere in the Asia-Pacific region, the ramping up of indigenous defense manufacturing in India under its own “Make in India” project is driving a rapid pace of national self-procurement and development of precision-guided munitions.

Raytheon Technologies, Lockheed Martin, BAE Systems, Rafael Advanced Defense Systems, and Northrop Grumman are strategic players in the smart weapons industry. The market is being influenced by these companies' globally expanding capabilities, integrating multiple platforms, and committing growth investment in R&D in smart munitions to build sophisticated, scalable, and interoperable systems for next-generation warfare.