Global Smart Weapons Market is estimated to reach $19 billion by 2024 Global Smart Weapons Market is worth to reach | Page 2

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The global smart weapons market has been segmented on the basis of type and geography. By type, the
market is segmented into surface-to-air missiles, air-to-ground missiles, smart bombs, sensor fused
weapons, direct energy weapons, precision artillery munitions, electro-magnetic pulse weapons, smart
bullets, and others. Air-to-ground missiles segment accounted for the largest market share in 2016, owing
to its extensive usage during terrorism and country war. Directed energy weapons are anticipated to grow
at the highest CAGR over the forecast period. Geographically, the market is categorized into North
America, Europe, Asia-Pacific and Rest of the World (Row).
Based on geography, the global smart weapons market has been segmented into North America, Europe,
Asia-Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe
covers Germany, France, UK, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the
World (RoW) covers South America, Middle East and Africa.
Major companies operating in this market are Boeing, Raytheon Company, General Dynamics, Denel
Dynamics, OTO Melara S.P.A, Textron Defense Systems, L-3 Fuzing and Ordnance Systems Inc., Rafael
Advanced Defense Systems Ltd., Alliant Techsystems Inc. and Israel Aerospace Industries, among others.
The key takeaways from the report