Naval Smart Weapon Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Weapon Type (Missile, Ammunition, Others); Technology (Laser Guidance, Radar Guidance, Satellite Guidance, Infrared Guidance) and Geography
Report Code: TIPRE00023390
| No. of Pages: 150
| Category: Aerospace and Defense
| Status: Upcoming
Smart weapons are also known as precision-guided munition, intended to precisely hit a specific target, to minimize collateral damage and increase lethality against intended targets. Smart weapons such as missile or steerable bombs are usually equipped with a satellite, laser, or satellite guidance system. Smart weapons are different from brilliant weapons as smart weapons use guidance systems that rely on external assistance, whereas brilliant weapons are totally self-guided..
The "Global Naval Smart Weapon Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the naval smart weapon market with detailed market segmentation by weapon type, technology and geography. The report provides key statistics on the market status of the leading naval smart weapon market players and offers key trends and opportunities in the market.
Based on weapon type, the global naval smart weapon market is segmented into missile, ammunition, others
On the basis of technology, the market is segmented laser guidance, radar guidance, satellite guidance, infrared guidance
MARKET DYNAMICS Drivers:
The growing demand for sea-based warfare, along with the increasing fleets of naval vessels of countries around the world, is propelling the procurement of sea-based smart weapons.
The market is primarily driven by the growing demand for precision strikes, to hit the target with high accuracy.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The naval smart weapon market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the naval smart weapon market in these regions.
IMPACT OF COVID-19 ON NAVAL SMART WEAPON MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the naval smart weapon market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from naval smart weapon market are anticipated to lucrative growth opportunities in the future with the rising demand for gun lockers in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the naval smart weapon market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Lockheed Martin Corporation
Raytheon Technologies Company
L3Harris Technologies, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
2. Lockheed Martin Corporation
3. Raytheon Technologies Company
4. BAE Systems
5. Rheinmetall AG
6. Thales Group
7. L3Harris Technologies, Inc.
8. Northrop Grumman
10. Leonardo S.p.A.