Posted 1/15/2024, 3:00:00 PM
Smart Weapons Market to Reach $36.79 Billion by 2030, Driven by Defense Spending and Tech Advances
- Global smart weapons market size to reach $36.79 billion by 2030, exhibiting a CAGR of 8.2% over forecast period
- Increasing defense budgets, geopolitical tensions, need for precision, and technology advancements driving growth
- Integration of AI and machine learning, development of autonomous systems, and non-lethal weapons key trends
- Precision-guided munitions dominate market due to accuracy and lower collateral damage
- North America leads market share due to strong focus on developing advanced smart weapon systems