Global Smart Weapons Strategic Research Report 2024: Market to Reach $28.1 Billion by 2030 - AI Weapons Emerge as the 3rd Generation in Weapons Amid Growing Ethical Concerns of the Weaponization of AI

Dublin, Feb. 15, 2024 (GLOBE NEWSWIRE) -- The "Smart Weapons - Global Strategic Business Report" report has been added to's offering.

Global Smart Weapons Market to Reach $28.1 Billion by 2030

The global market for Smart Weapons estimated at US$17.7 Billion in the year 2022, is projected to reach a revised size of US$28.1 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030. Missiles, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$9.1 Billion by the end of the analysis period. Growth in the Munitions segment is estimated at 5.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.6 Billion, While China is Forecast to Grow at 6.6% CAGR

The Smart Weapons market in the U.S. is estimated at US$5.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Attributes:

Report AttributeDetails
No. of Pages431
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$17.7 Billion
Forecasted Market Value (USD) by 2030$28.1 Billion
Compound Annual Growth Rate5.9%
Regions CoveredGlobal


  • From an Army of Thousands to an Army of None, the Rise of the Digital Battlefield Provides the Foundation for the Growth of Smart Weapons
  • Death by Algorithm! Rapid Digitalization is Bringing Us Closer to that Reality
  • Worries Over Geopolitical Conflicts & Galloping Inflation Overtakes Concerns About the Now Receding COVID-19 Pandemic
  • War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022
  • Competition
  • Smart Weapons - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Pandemic Fails to Deter Global Military Spending, Which Spirals to All Time High in 2021
  • Robust Defense Spending Opens Opportunities for Increased Investments in Smart Weapons
  • Smart Weapons: What Are They & What's the Outlook for These Evolving New Generation Weapon Technologies?
  • World Brands
  • Recent Market Activity
  • Innovations


  • As the World Steps Up Military Spending in the Wake of the Russia Ukraine War, Smart Weapons Are Poised to Benefit from the Unfortunate State of Global Geo-Political Affairs
  • Germany's Historic Military Investments in 2022 Exemplifies the Prevailing Global Sentiment that the World is a Dangerous Place Where the Threat of Authoritarian States Can be Resisted Only With Big-Ticket Military Capabilities
  • The Nuclear Arms Race Begins as Countries Scramble to Deal With Nuclear Risks in an Increasingly Multipolar World Made Nervous by Putin's Nuclear Sabre Rattling
  • Rising Conflicts in the South China Sea to Spur Growth in the Asian Market
  • AI Weapons Emerge as the 3rd Generation in Smart Weapons Amid Growing Ethical Concerns Over the Weaponization of AI
  • Semi-Autonomous Weapon Systems to Witness Increased Adoption before Complete Migration to Fully Autonomous Systems
  • Surface-to-Air Missile Accidents Increase the Need to Make Smart Weapons Smarter
  • Shift Towards Electronic/Digital Warfare & Technical Superiority Over Conventional Weapons Strengthens The Business Case for Smart Weapons
  • Successful Deployments of Smart Bombs to Drive Robust Demand
  • Precision Guided Munitions Offer Lucrative Growth Opportunities
  • Demand for Airborne and Surface-to-Air Missile Systems Gain Momentum
  • Sensor Fuzed Weapons to Substitute Unguided Cluster Bombs, a Win for the Smart Weapons Market
  • Smart Gun & Personalized Gun Technologies Offering Higher Accuracy and Safety Become Mainstream
  • Review of Radar, a Key Technology Enabling the Development of Smart Weapons
  • Guided by its Numerous Benefits, Military Departments Worldwide Step up Spending on Energy Directed Energy Weapons
  • Sonic & Ultrasonic Weapons Grows in Popularity for Their Ability to Manipulate Sound Waves to Incapacitate Enemy
  • Focus on Disabling Enemy with Minimal Collateral Damage Drives Interest in Electromagnetic Weapons
  • Despite the Intriguing Potential, Particle Beam Weapons Remain a Distant Dream
  • Plasma Weapons Display Exciting Potential
  • Demand Grows Stronger for EO/IR (Electro-Optical/Infra-Red) Systems
  • Importance of Continued Innovation Cannot be Undermined
  • A Review of the Ethical Issues Surrounding Autonomous Weapons
  • Resolving Challenges Will Remain Critical for Future Success


  • BAE Systems PLC
  • Collins Aerospace
  • Boeing Company, The
  • Ball Corporation
  • China Aerospace Science and Technology Corporation (CASC)
  • Almaz-Antey
  • Armament Systems & Procedures Inc. (ASP, Inc.)
  • Bharat Dynamics Limited
  • Combined Systems, Inc.
  • Condor Non-Lethal Technologies
  • Axon Enterprise, Inc.
  • Adsys Controls, Inc.
  • Applied Companies Corp.
  • BlueHalo
  • Baykar Technologies

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