Artificial Intelligence
Global Smart Weapons Market to Reach $112.6 Billion by 2026
New York, Oct. 11, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Smart Weapons Industry” – https://www.reportlinker.com/p05689850/?utm_source=GNW
PGMs incorporate on-board computer systems and laser, TV or satellite guidance systems that enable the smart weapon to lock-on to a target specified by military personnel, and steer themselves along the trajectory towards the target. Conventional weapons can be converted into smart bombs through the incorporation of smart weapon kits and technologies. The fire-and-forget capability and high accuracy of smart weapons enables their use in surgical strikes as well as counterinsurgency operations in populated areas. Fuelled by the rapid pace of advancement in algorithm, processor, and sensor, technologies, smart weapons are offloading an increasing share of the target acquisition, navigation and attack functions from human operators. Smart weapons are therefore precursors to the next-generation autonomous or `brilliant` weapons that are completely computerized, and capable of fully self-guided identification of targets, selection of the appropriate response against the target, coordination of navigation and attack format, as well as planning reload and re-attack.
Amid the COVID-19 crisis, the global market for Smart Weapons estimated at US$67.5 Billion in the year 2020, is projected to reach a revised size of US$112.6 Billion by 2026, growing at a CAGR of 8.8% over the analysis period. Air-to-Ground Missiles, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$26.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Surface-To-air Missiles segment is readjusted to a revised 7.5% CAGR for the next 7-year period. This segment currently accounts for a 17.9% share of the global Smart Weapons market.
The U.S. Market is Estimated at $29.1 Billion in 2021, While China is Forecast to Reach $13.9 Billion by 2026
The Smart Weapons market in the U.S. is estimated at US$29.1 Billion in the year 2021. The country currently accounts for a 40.39% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$13.9 Billion in the year 2026 trailing a CAGR of 12.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 7.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR while Rest of European market (as defined in the study) will reach US$15.8 Billion by the close of the analysis period.
Future growth in the market will be driven by the escalating global arms race fuelled by rapidly mushrooming hotspots of terrorism, civil strife, cross-border hostilities, expansionist and aggressive policies around the world. The broad arsenal of smart weaponry for the new age airborne, naval and ground-based military operatives include anti-tank and anti-aircraft missiles; stand-off missiles; target pods; armour piercing anti-structure and anti-tank weapons; a host of precision-guided rockets, projectiles, mortars, artillery shells, bullets and artillery munitions; smart tech firearms; electro-magnetic pulse weapons; directed energy weapons; and non-lethal smart weapons, among others. Other important growth drivers include the spiralling demand for smart bombs owing to successful deployments in Iraq, Afghanistan, Syria and Yemen; growing prominence of precision-guided rockets in counterinsurgency operations; the revolutionizing role of Directed-energy Weapons in electronic warfare; development of innovative weapons systems integrated with artificial intelligence; and the substitution of unguided cluster bombs with Sensor Fuzed weapons. Rapid advancements in the field of smart guns and personalized gun technologies that will result in a computerized, high-tech soldier is also poised to benefit market prospects in the long run.
The United States represents the largest market worldwide. The country is the biggest adopter of smart weapons worldwide by virtue of being a political superpower with an advanced military force, presence of leading advanced technology developers, large military budget allocations and favourable regulatory environment. China ranks as the fastest growing market with a CAGR of 12.1% over the analysis period. Mounting defense spending for supporting large-scale military modernization programs in China and India; escalating cross-border skirmishes, and the increasing threat of militants and extremists represent key growth drivers in the Asian region. The Middle East is another promising regional market for smart weapons given the mushrooming of conflict zones due to civil unrest, sectarian violence, and the ongoing international military operations against the terrorist group IS in Syria, Iraq, Egypt, and Libya.
Directed Energy Weapons Segment to Reach $22.6 Billion by 2026
Directed-energy Weapons emit powerful and focused energy waves in the form of electromagnetic radiation, microwave, lasers, masers, particle-beams, or sound to damage, incapacitate or destroy enemy equipment, personnel and facilities. DEWs such as high-power microwaves and high-energy lasers first emerged in the 1960s as one of the most promising and sought after futuristic weapons concepts with the potential to provide cost-effective, scalable, long-range strike capability with a virtually-inexhaustible magazine capacity. While high-powered microwaves fire electrical pulses of microwave radiation at wide angles, and high-energy lasers focus beams of lower-power energy with either electric-power or chemical-fuel mechanisms. In the global Directed Energy Weapons segment, USA, Canada, Japan, China and Europe will drive the 11.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.9 Billion in the year 2020 will reach a projected size of US$19.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2026.
Select Competitors (Total 51 Featured)
- Axon Enterprise
- BAE Systems PLC
- Denel SOC Ltd.
- General Dynamics Corporation
- Israel Aerospace Industries Ltd.
- Kongsberg Gruppen ASA
- Leonardo SpA
- Lockheed Martin Corporation
- MBDA France
- Nexter Group
- NORINCO
- Northrop Grumman Corporation
- QinetiQ Group PLC
- Rafael Advanced Defense Systems Ltd.
- Raytheon Company
- Rheinmetall AG
- Roketsan AS
- Safran Electronics & Defense
- Textron Inc.
- Thales Group
- The Boeing Company
Read the full report: https://www.reportlinker.com/p05689850/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession: 2020
Marked as a Year of Disruption & Transformation
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Disruptions in Military Training Inflicts Direct Blow on
Weapons Market
EXHIBIT 2: Infection Spread Disrupts Military Personnel
Training & Troop Deployment: Cumulative Number of COVID-19
Cases Across the Defense Department in the U.S. in May, June,
September & November 2020
Impact of COVID-19 Pandemic on Smart Weapons Market
Smart Guns Struggle to Find a Place in the US
An Introduction to Smart Weapons
Missiles
Directed-Energy Weapons
Smart Bombs
Sensor Fuzed Weapons
Precision Artillery Munitions
Other Types of Smart Weapons
Smart Weapons Creating Ground for Thinking Battlefields
Smart Weapons: Augmenting National Defense with Intelligent,
Accurate, and Digital Technologies
Ushering a New Era of AI-Driven Self-aware Systems, Smart
Weapons Seek to Widen Role in Modern Warfare
Changing Realities of Modern Warfare
Market Dynamics and Growth Drivers
Surface-to-Air Missile Accidents Increase the Need to Make
Smart Weapons Smarter
Technical Superiority over Conventional Weaponry Widens Scope &
Span of Smart Weapons
Analysis of Key Segments of Smart Weapons Market
EXHIBIT 3: Global Smart Weapons Market by Type (2021 & 2027):
Percentage Breakdown of Sales for Air-to-Ground Missiles,
Surface-to-Air Missiles, Directed Energy Weapons, Smart
Bombs, Sensor Fused Weapons, Precision Artillery Munitions,
and Other Types
EXHIBIT 4: Global Smart Weapons Market by Technology (2021 &
2027): Percentage Breakdown of Sales for Infrared, Laser,
Radar, GPS, and Other Technologies
EXHIBIT 5: Global Smart Weapons Market by Platform (2021 &
2027): Percentage Breakdown of Sales for Land, Air, and Naval
Robust Demand Projected for Smart Weapons over the Coming Years
Developed Regions Remain Primary Revenue Contributors
EXHIBIT 6: Developed Regions Account for Major Share of World
Smart Weapons Market: Percentage Breakdown of Sales for
Developed and Developing Regions (2021 & 2027)
North America Makes Major Contribution to Smart Weapons Market
Fast Paced Growth Forecasts in Asia-Pacific & Other Developing
Regions
EXHIBIT 7: Global Market for Smart Weapons – Geographic Regions
Ranked by % CAGR (Sales) for 2020-2027
Competitive Scenario
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Shift in Warfare Tactics Ignites Global Demand for Smart Weapons
EXHIBIT 8: Continued Threat of Terrorism Drives the Focus on
Surveillance as Counterterrorism Response: Global Number of
Fatalities Due to Terrorist Attacks: 2012-2019
Increased R&D Spending and Adoption of Smart Weapons to Drive
Market Growth
Smart Weapons Present High-Precision Options for Modern Warfare
Laser Guided Bombs (LGBs)
Satellite-Guided Weapons
Surging Defense & Military Spending Worldwide: Cornerstone for
Present & Future Growth
The US & Europe Steer Global Military Spending
EXHIBIT 9: Ever-Present Threat to Public Liberty & the
Resulting Increase in Defense Spending for Peace as well as
War to Indirectly Spur Growth in Demand for Smart Weapons:
Global Military Spending (in US$ Billion) for the Years 2015
through 2023F
EXHIBIT 10: Top Countries with Military Spending in USD
Billion: 2019 and 2020
EXHIBIT 11: Military Expenditure as a % of GDP in Select
Countries: 2020
Escalating Global Arms Race Provides the Perfect Platform for
Market Expansion
Artificial Intelligence and Emerging Technologies to Shape the
Future of Smart Weaponry
AI for Smart Weapons
Growing Significance of AI
Fully-Autonomous Smart Weapons on Battlefield
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
Imaging Infrared Technology Finds Favor in IR Missile Guidance
Satellite Guidance Emerge as the Preferred Medium of Land
Attack Cruise Missile Guidance
Directed Energy Weapons (DEW) Set to Transform Electronic Warfare
DEWs Seek Role in Counter-Drone Equipment
EXHIBIT 12: Increasing Use of Drones in the Battlefield Pushes
Up the Need for Counter-Drone Systems: Global Market for
Military Drones (In US$ Billion) for the Years 2018, 2020,
2022 and 2024
Sensor Fuzed Weapons to Substitute Unguided Cluster Bombs,
Bodes Well for Market Adoption
Sensor Fuzed Weapons: From Undiscriminating Weapons to Highly
Discriminating and Effective Systems
Smart Gun & Personalized Gun Technologies Offering Higher
Accuracy and Safety to Become Mainstream
Technological Innovations & Advancements Maintain Robust Momentum
Resolving Prevailing Challenges: Critical for Future Success
Leveraging Existing Designs and Using Low-Cost Materials: An
Apt Solution to the High Cost Concern
Military Cooperation: A Double-Edged Sword?
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Smart Weapons by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 2: World 7-Year Perspective for Smart Weapons by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2021 & 2027
Table 3: World Current & Future Analysis for Air-to-Ground
Missiles by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR
Table 4: World 7-Year Perspective for Air-to-Ground Missiles by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
Table 5: World Current & Future Analysis for Surface-to-Air
Missiles by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR
Table 6: World 7-Year Perspective for Surface-to-Air Missiles
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
Table 7: World Current & Future Analysis for Directed Energy
Weapons by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR
Table 8: World 7-Year Perspective for Directed Energy Weapons
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
Table 9: World Current & Future Analysis for Smart Bombs by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 10: World 7-Year Perspective for Smart Bombs by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
Table 11: World Current & Future Analysis for Sensor Fused
Weapons by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR
Table 12: World 7-Year Perspective for Sensor Fused Weapons by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
Table 13: World Current & Future Analysis for Precision
Artillery Munitions by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR
Table 14: World 7-Year Perspective for Precision Artillery
Munitions by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World for Years 2021 & 2027
Table 15: World Current & Future Analysis for Other Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 16: World 7-Year Perspective for Other Types by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
Table 17: World Current & Future Analysis for Infrared by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 18: World 7-Year Perspective for Infrared by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027
Table 19: World Current & Future Analysis for Laser by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 20: World 7-Year Perspective for Laser by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027
Table 21: World Current & Future Analysis for Radar by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 22: World 7-Year Perspective for Radar by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027
Table 23: World Current & Future Analysis for GPS by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2020 through 2027 and % CAGR
Table 24: World 7-Year Perspective for GPS by Geographic Region –
Percentage Breakdown of Value Sales for USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World for Years 2021 &
2027
Table 25: World Current & Future Analysis for Other
Technologies by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR
Table 26: World 7-Year Perspective for Other Technologies by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027
Table 27: World Current & Future Analysis for Land by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 28: World 7-Year Perspective for Land by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027
Table 29: World Current & Future Analysis for Air by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2020 through 2027 and % CAGR
Table 30: World 7-Year Perspective for Air by Geographic Region –
Percentage Breakdown of Value Sales for USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World for Years 2021 &
2027
Table 31: World Current & Future Analysis for Naval by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2020 through 2027 and
% CAGR
Table 32: World 7-Year Perspective for Naval by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
Table 33: USA Current & Future Analysis for Smart Weapons by
Type – Air-to-Ground Missiles, Surface-to-Air Missiles,
Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons,
Precision Artillery Munitions and Other Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 34: USA 7-Year Perspective for Smart Weapons by Type –
Percentage Breakdown of Value Sales for Air-to-Ground Missiles,
Surface-to-Air Missiles, Directed Energy Weapons, Smart Bombs,
Sensor Fused Weapons, Precision Artillery Munitions and Other
Types for the Years 2021 & 2027
Table 35: USA Current & Future Analysis for Smart Weapons by
Technology – Infrared, Laser, Radar, GPS and Other Technologies –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 36: USA 7-Year Perspective for Smart Weapons by
Technology – Percentage Breakdown of Value Sales for Infrared,
Laser, Radar, GPS and Other Technologies for the Years 2021 &
2027
Table 37: USA Current & Future Analysis for Smart Weapons by
Platform – Land, Air and Naval – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 38: USA 7-Year Perspective for Smart Weapons by Platform –
Percentage Breakdown of Value Sales for Land, Air and Naval
for the Years 2021 & 2027
CANADA
Table 39: Canada Current & Future Analysis for Smart Weapons by
Type – Air-to-Ground Missiles, Surface-to-Air Missiles,
Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons,
Precision Artillery Munitions and Other Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 40: Canada 7-Year Perspective for Smart Weapons by Type –
Percentage Breakdown of Value Sales for Air-to-Ground Missiles,
Surface-to-Air Missiles, Directed Energy Weapons, Smart Bombs,
Sensor Fused Weapons, Precision Artillery Munitions and Other
Types for the Years 2021 & 2027
Table 41: Canada Current & Future Analysis for Smart Weapons by
Technology – Infrared, Laser, Radar, GPS and Other Technologies –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 42: Canada 7-Year Perspective for Smart Weapons by
Technology – Percentage Breakdown of Value Sales for Infrared,
Laser, Radar, GPS and Other Technologies for the Years 2021 &
2027
Table 43: Canada Current & Future Analysis for Smart Weapons by
Platform – Land, Air and Naval – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 44: Canada 7-Year Perspective for Smart Weapons by
Platform – Percentage Breakdown of Value Sales for Land, Air
and Naval for the Years 2021 & 2027
JAPAN
Table 45: Japan Current & Future Analysis for Smart Weapons by
Type – Air-to-Ground Missiles, Surface-to-Air Missiles,
Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons,
Precision Artillery Munitions and Other Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 46: Japan 7-Year Perspective for Smart Weapons by Type –
Percentage Breakdown of Value Sales for Air-to-Ground Missiles,
Surface-to-Air Missiles, Directed Energy Weapons, Smart Bombs,
Sensor Fused Weapons, Precision Artillery Munitions and Other
Types for the Years 2021 & 2027
Table 47: Japan Current & Future Analysis for Smart Weapons by
Technology – Infrared, Laser, Radar, GPS and Other Technologies –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 48: Japan 7-Year Perspective for Smart Weapons by
Technology – Percentage Breakdown of Value Sales for Infrared,
Laser, Radar, GPS and Other Technologies for the Years 2021 &
2027
Table 49: Japan Current & Future Analysis for Smart Weapons by
Platform – Land, Air and Naval – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 50: Japan 7-Year Perspective for Smart Weapons by
Platform – Percentage Breakdown of Value Sales for Land, Air
and Naval for the Years 2021 & 2027
CHINA
Table 51: China Current & Future Analysis for Smart Weapons by
Type – Air-to-Ground Missiles, Surface-to-Air Missiles,
Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons,
Precision Artillery Munitions and Other Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 52: China 7-Year Perspective for Smart Weapons by Type –
Percentage Breakdown of Value Sales for Air-to-Ground Missiles,
Surface-to-Air Missiles, Directed Energy Weapons, Smart Bombs,
Sensor Fused Weapons, Precision Artillery Munitions and Other
Types for the Years 2021 & 2027
Table 53: China Current & Future Analysis for Smart Weapons by
Technology – Infrared, Laser, Radar, GPS and Other Technologies –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 54: China 7-Year Perspective for Smart Weapons by
Technology – Percentage Breakdown of Value Sales for Infrared,
Laser, Radar, GPS and Other Technologies for the Years 2021 &
2027
Table 55: China Current & Future Analysis for Smart Weapons by
Platform – Land, Air and Naval – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 56: China 7-Year Perspective for Smart Weapons by
Platform – Percentage Breakdown of Value Sales for Land, Air
and Naval for the Years 2021 & 2027
EUROPE
Table 57: Europe Current & Future Analysis for Smart Weapons by
Geographic Region – France, Germany, Italy, UK and Rest of
Europe Markets – Independent Analysis of Annual Sales in US$
Million for Years 2020 through 2027 and % CAGR
Table 58: Europe 7-Year Perspective for Smart Weapons by
Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2021 & 2027
Table 59: Europe Current & Future Analysis for Smart Weapons by
Type – Air-to-Ground Missiles, Surface-to-Air Missiles,
Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons,
Precision Artillery Munitions and Other Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 60: Europe 7-Year Perspective for Smart Weapons by Type –
Percentage Breakdown of Value Sales for Air-to-Ground Missiles,
Surface-to-Air Missiles, Directed Energy Weapons, Smart Bombs,
Sensor Fused Weapons, Precision Artillery Munitions and Other
Types for the Years 2021 & 2027
Table 61: Europe Current & Future Analysis for Smart Weapons by
Technology – Infrared, Laser, Radar, GPS and Other Technologies –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 62: Europe 7-Year Perspective for Smart Weapons by
Technology – Percentage Breakdown of Value Sales for Infrared,
Laser, Radar, GPS and Other Technologies for the Years 2021 &
2027
Table 63: Europe Current & Future Analysis for Smart Weapons by
Platform – Land, Air and Naval – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 64: Europe 7-Year Perspective for Smart Weapons by
Platform – Percentage Breakdown of Value Sales for Land, Air
and Naval for the Years 2021 & 2027
FRANCE
Table 65: France Current & Future Analysis for Smart Weapons by
Type – Air-to-Ground Missiles, Surface-to-Air Missiles,
Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons,
Precision Artillery Munitions and Other Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 66: France 7-Year Perspective for Smart Weapons by Type –
Percentage Breakdown of Value Sales for Air-to-Ground Missiles,
Surface-to-Air Missiles, Directed Energy Weapons, Smart Bombs,
Sensor Fused Weapons, Precision Artillery Munitions and Other
Types for the Years 2021 & 2027
Table 67: France Current & Future Analysis for Smart Weapons by
Technology – Infrared, Laser, Radar, GPS and Other Technologies –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 68: France 7-Year Perspective for Smart Weapons by
Technology – Percentage Breakdown of Value Sales for Infrared,
Laser, Radar, GPS and Other Technologies for the Years 2021 &
2027
Table 69: France Current & Future Analysis for Smart Weapons by
Platform – Land, Air and Naval – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 70: France 7-Year Perspective for Smart Weapons by
Platform – Percentage Breakdown of Value Sales for Land, Air
and Naval for the Years 2021 & 2027
GERMANY
Table 71: Germany Current & Future Analysis for Smart Weapons
by Type – Air-to-Ground Missiles, Surface-to-Air Missiles,
Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons,
Precision Artillery Munitions and Other Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 72: Germany 7-Year Perspective for Smart Weapons by Type –
Percentage Breakdown of Value Sales for Air-to-Ground
Missiles, Surface-to-Air Missiles, Directed Energy Weapons,
Smart Bombs, Sensor Fused Weapons, Precision Artillery
Munitions and Other Types for the Years 2021 & 2027
Table 73: Germany Current & Future Analysis for Smart Weapons
by Technology – Infrared, Laser, Radar, GPS and Other
Technologies – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 74: Germany 7-Year Perspective for Smart Weapons by
Technology – Percentage Breakdown of Value Sales for Infrared,
Laser, Radar, GPS and Other Technologies for the Years 2021 &
2027
Table 75: Germany Current & Future Analysis for Smart Weapons
by Platform – Land, Air and Naval – Independent Analysis of
Annual Sales in US$ Million for the Years 2020 through 2027 and
% CAGR
Table 76: Germany 7-Year Perspective for Smart Weapons by
Platform – Percentage Breakdown of Value Sales for Land, Air
and Naval for the Years 2021 & 2027
ITALY
Table 77: Italy Current & Future Analysis for Smart Weapons by
Type – Air-to-Ground Missiles, Surface-to-Air Missiles,
Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons,
Precision Artillery Munitions and Other Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 78: Italy 7-Year Perspective for Smart Weapons by Type –
Percentage Breakdown of Value Sales for Air-to-Ground Missiles,
Surface-to-Air Missiles, Directed Energy Weapons, Smart Bombs,
Sensor Fused Weapons, Precision Artillery Munitions and Other
Types for the Years 2021 & 2027
Table 79: Italy Current & Future Analysis for Smart Weapons by
Technology – Infrared, Laser, Radar, GPS and Other Technologies –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 80: Italy 7-Year Perspective for Smart Weapons by
Technology – Percentage Breakdown of Value Sales for Infrared,
Laser, Radar, GPS and Other Technologies for the Years 2021 &
2027
Table 81: Italy Current & Future Analysis for Smart Weapons by
Platform – Land, Air and Naval – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 82: Italy 7-Year Perspective for Smart Weapons by
Platform – Percentage Breakdown of Value Sales for Land, Air
and Naval for the Years 2021 & 2027
UNITED KINGDOM
Table 83: UK Current & Future Analysis for Smart Weapons by
Type – Air-to-Ground Missiles, Surface-to-Air Missiles,
Directed Energy Weapons, Smart Bombs, Sensor Fused Weapons,
Precision Artillery Munitions and Other Types – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 84: UK 7-Year Perspective for Smart Weapons by Type –
Percentage Breakdown of Value Sales for Air-to-Ground Missiles,
Surface-to-Air Missiles, Directed Energy Weapons, Smart Bombs,
Sensor Fused Weapons, Precision Artillery Munitions and Other
Types for the Years 2021 & 2027
Table 85: UK Current & Future Analysis for Smart Weapons by
Technology – Infrared, Laser, Radar, GPS and Other Technologies –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 86: UK 7-Year Perspective for Smart Weapons by Technology –
Percentage Breakdown of Value Sales for Infrared, Laser,
Radar, GPS and Other Technologies for the Years 2021 & 2027
Table 87: UK Current & Future Analysis for Smart Weapons by
Platform – Land, Air and Naval – Independent Analysis of Annual
Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Table 88: UK 7-Year Perspective for Smart Weapons by Platform –
Percentage Breakdown of Value Sales for Land, Air and Naval for
the Years 2021 & 2027
REST OF EUROPE
Table 89: Rest of Europe Current & Future Analysis for Smart
Weapons by Type – Air-to-Ground Missiles, Surface-to-Air
Missiles, Directed Energy Weapons, Smart Bombs, Sensor Fused
Weapons, Precision Artillery Munitions and Other Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 90: Rest of Europe 7-Year Perspective for Smart Weapons
by Type – Percentage Breakdown of Value Sales for Air-to-Ground
Missiles, Surface-to-Air Missiles, Directed Energy Weapons,
Smart Bombs, Sensor Fused Weapons, Precision Artillery
Munitions and Other Types for the Years 2021 & 2027
Table 91: Rest of Europe Current & Future Analysis for Smart
Weapons by Technology – Infrared, Laser, Radar, GPS and Other
Technologies – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 92: Rest of Europe 7-Year Perspective for Smart Weapons
by Technology – Percentage Breakdown of Value Sales for
Infrared, Laser, Radar, GPS and Other Technologies for the
Years 2021 & 2027
Table 93: Rest of Europe Current & Future Analysis for Smart
Weapons by Platform – Land, Air and Naval – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 94: Rest of Europe 7-Year Perspective for Smart Weapons
by Platform – Percentage Breakdown of Value Sales for Land, Air
and Naval for the Years 2021 & 2027
ASIA-PACIFIC
Table 95: Asia-Pacific Current & Future Analysis for Smart
Weapons by Type – Air-to-Ground Missiles, Surface-to-Air
Missiles, Directed Energy Weapons, Smart Bombs, Sensor Fused
Weapons, Precision Artillery Munitions and Other Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 96: Asia-Pacific 7-Year Perspective for Smart Weapons by
Type – Percentage Breakdown of Value Sales for Air-to-Ground
Missiles, Surface-to-Air Missiles, Directed Energy Weapons,
Smart Bombs, Sensor Fused Weapons, Precision Artillery
Munitions and Other Types for the Years 2021 & 2027
Table 97: Asia-Pacific Current & Future Analysis for Smart
Weapons by Technology – Infrared, Laser, Radar, GPS and Other
Technologies – Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR
Table 98: Asia-Pacific 7-Year Perspective for Smart Weapons by
Technology – Percentage Breakdown of Value Sales for Infrared,
Laser, Radar, GPS and Other Technologies for the Years 2021 &
2027
Table 99: Asia-Pacific Current & Future Analysis for Smart
Weapons by Platform – Land, Air and Naval – Independent
Analysis of Annual Sales in US$ Million for the Years 2020
through 2027 and % CAGR
Table 100: Asia-Pacific 7-Year Perspective for Smart Weapons by
Platform – Percentage Breakdown of Value Sales for Land, Air
and Naval for the Years 2021 & 2027
REST OF WORLD
Table 101: Rest of World Current & Future Analysis for Smart
Weapons by Type – Air-to-Ground Missiles, Surface-to-Air
Missiles, Directed Energy Weapons, Smart Bombs, Sensor Fused
Weapons, Precision Artillery Munitions and Other Types –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 102: Rest of World 7-Year Perspective for Smart Weapons
by Type – Percentage Breakdown of Value Sales for Air-to-Ground
Missiles, Surface-to-Air Missiles, Directed Energy Weapons,
Smart Bombs, Sensor Fused Weapons, Precision Artillery
Munitions and Other Types for the Years 2021 & 2027
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Artificial Intelligence
Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.
“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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