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Pulished Date January, 2022
ID: 12620
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Aerial Smart Weapons Market Segmentation by Product (Missiles, Ammunition and Other Products), by technology (Satellite Guidance, Radar Guidance, Infrared Guidance, and Laser Guidance) – Demand Analysis and Opportunity Outlook 2027

Pulished: January, 2022
ID: 12620
Pages: 175

.Aerial Smart Weapons Market Size & Growth 2021-2026

Aerial Smart Weapons Market is estimated to reach an annual growth rate of 4.5% between 2022 and 2027 due to technological advancement in aerial weapons for hitting targets with more accuracy. Aerial Smart weapons are munitions that allow hitting the target in the air with great precision and accuracy. The aerial smart weapons include missiles, Ammunition, and other types of weapons. The aerial smart weapons need a guidance system for hitting the target. There are different types of technologies such as infrared guidance, satellite guidance; radar guidance, and laser guidance that are used to guide the smart weapon.

United-States in North America region holds the largest market of Aerial Smart weapons. Countries like China, Japan, India, France, South Korea, and Brazil will emerge as the largest market for the development and procurement of aerial smart weapons. The boundaries disputes and other clashes and the race between the countries for powering their defense system fuels the demand of smart weapons including aerial weapons also drives the growth of the global Aerial Smart Weapon in the forecasted period between 2022 and 2027.

Market Drivers:

The countries are spending huge amounts on developing and procuring smart weapons for military aircraft in order to strengthen their defense system. The need for a variety of weapons with smart guidance and navigation system drives the growth of the global Aerial Smart Weapon Market is the forecasted period. The technological advancement in weapons hampers the growth of the global Aerial Smart Weapons Market. The geopolitical and other disputes results to start an arm race between countries due to which countries have started procuring and developing the weapons which drive the growth of the global aerial Smart Weapon Market in the forecasted period between 2022 and 2027.

Additionally the increasing emphasis on reducing the dependency on the imports of the weapons systems, several countries are focusing on the development of their indigenous weapon system fueling the growth of the market in the future. It's also been stated that the United States is giving crucial technologies to countries like Saudi Arabia in order for them to develop their own smart aerial weapons. The changing nature of aerial warfare and the growth in defense spending towards developing and procuring of smart weapons for military aircraft is expected to boost the growth of the global Aerial Smart Weapon in the market.


The Regime like MTCR (Missile Technology Control Regime) has few countries as their member. These types of regimes do not allow their members to export any defense support material to those countries who are not members of the regime. Therefore the rules and restrictions of regimes hinder the growth of Aerial Smart weapons around the globe.

Recent Developments:

The US Air Force's Air Combat Command approved the StormBreaker smart weapon for employment on the F-15E in October 2021, according to Raytheon Missiles and Defenses (a Raytheon Technologies division). This smart weapon has the ability to strike maritime or land-based maneuvering targets at a range even in adverse weather conditions.

In April 2020, Raytheon Technologies will team up with Norwegian defense firm Kongsberg defense & space to create a multi-mission cruise missile. Raytheon technologies in now working with Norway's Kongsberg Defense & Aerospace in order to build a long-distance aerial weapon. This weapon has a 150miles standoff range, can fly at low altitude with subsonic speed, and is able to rapidly change the track to hit threats on land or sea.

Market Segmentation:

Aerial Smart Weapons Market By Product:

  • Missiles
  • Ammunition
  • Other Products

Based on Product, the Global Aerial Smart Weapons Market is segmented into Missiles, Ammunition, and Other Products. The Missiles is segmented into air-to-ground missiles, anti-tank rockets (launched from aircraft), air-to-air missiles, air-launched anti-marine sub missiles. The Ammunition and other products include precision-guided artillery ammunition, an electromagnetic pulse weapon, air-launched loitering munitions, smart bombs, and sensor fused weapons. Countries are developing or procuring aerial smart weapons in order to increase their strength in the air battlefield drives the growth of the global aerial weapon market in the future.

Aerial Smart Weapons Market By Technology:

  • Satellite Guidance
  • Radar Guidance
  • Infrared Guidance
  • Laser Guidance

Based on Technology, the Global Aerial Smart Weapons Market is segmented into Satellite Guidance, Radar Guidance, Infrared Guidance, and Laser Guidance.  These technologies provide proper guidance for hitting the target with greater accuracy. The laser guidance system is also called a laser-guided bomb. In this type of guidance system, the target is illuminated by the laser beam emitted by the aircraft, another target-control aircraft, or a ground unit force. It is designed to improve the accuracy of air-to-ground striking. The infrared guidance system searches its target using infrared rays. The radar guidance system is much dominating as it detects the target even in long-range with more precision and accuracy. The technological advancement in guidance systems drives the market growth of aerial smart weapons in the future.

Regional Analysis:

The Global Aerial Smart Weapons Market has been categorized in four regions:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

North America is the healthy market for the growth of Aerial Smart Weapons. The United States alone holds the largest share of the aerial smart weapon market in the world. The United States is spending huge for the development and orientation of smart weapons systems ranging from bullets to nuclear-capable hypersonic guided weapons. These smart weapons include aerial weapons also and the country has several aerial smart weapons development projects that are underway, boost the growth of Aerial Smart Weapons in the market.

The Asia-Pacific region is expected to have the fastest growth of the Aerial Smart Weapon Market. China, India, Japan, South Korea are the major countries that contribute to the growth of the market as these countries are greatly investing in their defense for strengthening their position across the globe. East-Asia region is expected to have an enormous growth for procurement of Aerial smart weapons in near future due to dispute over the South China Sea and China’s hard-line posture towards Taiwan. Additionally, the boundary disputes and recent clashes between India and China drive the growth of Aerial Smart Weapon in this region.

The outlook towards defense has changed between India, China & Pakistan, this situation crop up the arm race in South Asia too (between India and China). India is already acquiring S400 defense system from Russia in order to provide more strength to its aerial surveillance, detection, target acquisition and destroy capabilities. Owing to these factors the demand of aerial smart weapons is increasing which propels the growth of the global Aerial Smart Weapons Market in the forecasted period between 2022 and 2027.

In Europe, France also contributes in the growth of aerial smart weapons as France is the largest exporter of smart weapons around the globe. Due to huge deployment of the technologies, France is manufacturing and exporting the modern technology aerial smart weapons in the market and supporting other countries to strengthen their defensive position and power. Turkey is also going to contribute to the growth of the Global Aerial Smart Weapon in market in the period between 2022 and 2027.

Leading Company:

Raytheon Technologies Corporation had the largest share of the world’s Aerial Smart Weapons in terms of sales revenue.

Covid-19 Impact on Global Aerial Smart Weapon Market: 

The Global Aerial Smart Weapons Market has been significantly impacted by the COVID-19 outbreak. During the COVID-19 pandemic, the industries have slowed down and GDP has shrunken. Due to which the governmental budget for defense has already less, moreover, the government has spent a major part of its budget in healthcare during COVID -19. Therefore the governmental budget for its defense has been significantly affected which in turn affects the market of the global Aerial Smart Weapon during a pandemic.

 Key Players:

Some of the leading companies operating in the Global Aerial Smart Weapons Market are 

  • BAE Systems
  • Raytheon Technologies Corporation
  • Lockheed Martin Corporation
  • General Dynamics Corporation
  • Northrop Grumman Corporation
  • Harris Technologies, Inc.
  • Israel Aerospace Industries
  • MBDA Incorporated
  • Boeing
  • Hindustan Aeronautics Limited

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Aerial Smart Weapons Market, By Product                   

                                6.1.1 Missiles    

                                6.1.2 Ammunition           

                                6.1.3 Other Products     

                                6.1.4 Market Size Estimations & Forecasts (2022-2027)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Aerial Smart Weapons Market, By Technology                           

                                6.2.1 Satellite Guidance

                                6.2.2 Radar Guidance    

                                6.2.3 Infrared Guidance

                                6.2.4 Laser Guidance     

                                6.2.5 Market Size Estimations & Forecasts (2022-2027)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Aerial Smart Weapons Market, by Region                       

                7.2 North America - Market Analysis (2022-2027)                              

                                7.2.1 By Country              



                                7.2.2 By Product              

                                7.2.3 By Technology       

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Product              

                                7.3.3 By Technology       

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Product              

                                7.4.3 By Technology       

                7.5 Latin America                             

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Product              

                                7.5.3 By Technology       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Product              

                                7.6.3 By Technology       

8. Key Player Analysis                                    

                8.1 BAE Systems                              

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Raytheon Technologies Corporation               

                8.3 Lockheed Martin Corporation                            

                8.4 General Dynamics Corporation                          

                8.5 Northrop Grumman Corporation                      

                8.6 Harris Technologies, Inc.                       

                8.7 Israel Aerospace Industries                 

                8.8 MBDA Incorporated               

                8.9 Boeing                          

                8.10 Hindustan Aeronautics Limited                        

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   

  • Global, Regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identifying the regions that are still untapped
  • The segment-level analysis in terms of By Product, by By Technology, by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis lists out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Aerial Smart Weapons  Market By Region, From 2022-2027 ( USD Billion )
  2. Global Aerial Smart Weapons  Market By Product , From 2022-2027 ( USD Billion )
  3. Global Missiles Market By Region, From 2022-2027 ( USD Billion )
  4. Global Ammunition Market By Region, From 2022-2027 ( USD Billion )
  5. Global Other Products Market By Region, From 2022-2027 ( USD Billion )
  6. Global Aerial Smart Weapons  Market By Technology, From 2022-2027 ( USD Billion )
  7. Global Satellite Guidance Market By Region, From 2022-2027 ( USD Billion )
  8. Global Radar Guidance Market By Region, From 2022-2027 ( USD Billion )
  9. Global Infrared Guidance Market By Region, From 2022-2027 ( USD Billion )
  10. Global Laser Guidance Market By Region, From 2022-2027 ( USD Billion )

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