- The key vendors in The Global Smart Weapons market are BAE Systems plc, Nexter Group, Raytheon Co. and Rheinmetall AG.
London, 07 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Smart Weapons Market 2014-2018. Growth in Research and Development is one of the major trends in this market as the R&D market is driven by increased demand for advanced smart weapons. The rise in mergers and acquisitions is also expected to drive the market growth during the forecast period.
Smart weapons are a type of guided ammunition that is used to hit the target precisely and accurately, thereby reducing the collateral damage. These are widely used in the army and are part of their weapons modernization plans. These types of weapons are easy to use compared with traditional weapons. The demand for smart weapons depends on the military strength of countries worldwide as the Defense sector is the main end-user of smart weapons.
“Security threats drive the demand for smart weapons in the market. An increased threat of terrorism, emergence of more countries with nuclear capabilities, and unconventional military threats have led to a rise in the demand for defense products and homeland security solutions such as smart weapons,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
