Zion Market Research Smart Weapons Market, 2016–2024 | Page 3

Smart Weapons Market
growth. The increasing defense budget and military equipment operations, and research
boost the growth of the global smart weapons market in various regions around the globe.
Global Smart Weapons Market: Segmentation
The global smart weapons market is segmented based on technology, product, and
platform. The technology segment is bifurcated into infrared, laser, radar, GPS, optical, wire-
guided, micro-computing, and satellite. The infrared subsegment is further divided into IR
homing and IIR homing. The radar subsegment is further categorized into active and
passive homing. The product segment is classified into guided rockets, guided projectiles,
missiles, munitions, and precision guided firearms. The guided projectiles subsegment is
bifurcated into mortar rounds and artillery shields. The munitions subsegment is divided into
target pods and guided bombs. The missiles subsegment is categorized into anti-ship and
anti-submarine missile, anti-tank missiles and standoff missiles, and air-to-air and air-to-
surface missile. The guided rockets subsegment is classified into anti-submarine, anti-tank
and tactical rockets, and air-to-air and air-to-surface. The precision guided firearms
subsegment is further grouped into shoulder fired weapons, smart guns, and small smart
weapons. The platform segment is classified as land, air, and naval. The infrared technology
and munitions segment leads the global smart weapons market globally.
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Global Smart Weapons Market: Regional Analysis
A significant growth in the regions such as North America and Europe is expected due to
various research organizations’ interest in research and development activities to develop
smart weapons for tight border security and strategic operations. The terrorist’s threat has