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Smart Weapons Market - Global Forecast and Analysis 2013 - 2018

By: marketsandmarkets.com
Publishing Date: November 2013
Report Code: AS 2163

 

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This report presents a complete analysis of the global smart weapons market during the projected period. It provides an analysis of the factors driving the market, the challenges faced by the industry, and the factors restraining the growth of the market. It also discusses the key industry trends, market trends, and technology trends that influence the global market. It provides complete sizing of the global market over the next five years and talks about the market share by different sub-sectors. It provides insights into regional trends on spending, analyzes the market size by region, and also provides data on spending patterns by sub-sector. It tracks, analyzes, and lays out the market size of the major defense spenders in each region and provides the market share by sub-category, namely, anti-armor weapons, guided munitions, guided projectiles, stand-off missiles, and guided rockets. It talks about the leading competitors in the global market and along with a general overview of the companies, it also provides details on their financial position, key products, and markets dealt with

Key Takeaways

The change in the nature of warfare has resulted in the demand for smart weapons. The global market is valued at $3621 million in 2013 and is expected to register a CAGR of 8.06% to reach $5335.1 million by 2018. The market is highly competitive with a host of industry participants vying for contracts. The fiscal deficit in most western countries is expected to increase competition. High-growth sectors in the global market include Saudi Arabia with a CAGR of 21.67%, followed by Japan with a CAGR of 14.48%. The Middle East has a CAGR of 15.21% followed by Latin America and Asia. The stand-off weapons segment is expected to have the highest demand in this market. Budget cuts in most western countries are anticipated to have minimal impact on the market. U.S. is expected to procure smart weapons worth $2 billion by 2018. The industry is fragmented and most of the tier-1 players are from U.S. and Europe.

Markets Covered

This global smart weapons market research report categorizes the global market on the basis of types, geography, forecasting revenues, market share, and analyzing trends in each type.

On the basis of smart weapons type:

This market is segmented on the basis of revenue generated across the various types:

  • Anti-armor weapons
  • Guided munitions
  • Guided projectiles
  • Stand-off missiles
  • Guided rockets

On the basis of geography

Geography is classified into,

  • North America
  • Europe
  • The Middle East
  • Africa
  • Asia
  • Latin America

On the basis of country

The following countries are covered in this report:

  • Australia
  • Brazil
  • France
  • Germany
  • India
  • Israel
  • Italy
  • Japan
  • Saudi Arabia
  • South Africa
  • South Korea
  • UAE
  • United Kingdom
  • United States

Stakeholders

  • Ministry of Defense
  • Smart weapons manufacturers
  • Sub-component manufacturers

Table Of Contents
 
1 Introduction (Page No. - 16)
   1.1 Key Take-Aways
   1.2 Report Description
   1.3 Markets Covered
   1.4 Research Methodology
         1.4.1 Key Secondary Sources
         1.5 Stakeholders

2 Executive Summary (Page No. - 22)

3 Market Overview (Page No. - 24)
   3.1 Market Definition
   3.2 Market Segmentation
   3.3 Market Overview

4 Market Dynamics (Page No. - 27)
   4.1 Drivers
         4.1.1 Need For Precision Munitions
         4.1.2 Changes in Nature of Warfare
         4.1.3 Reducing Logistics Burden
         4.1.4 Modernization and Replenishment Programs
         4.1.5 Impact Analysis of Drivers
   4.2 Restraints
         4.2.1 Arms Transfer Regulation
   4.3 Challenges
         4.3.1 Industrial Base Sustainment
         4.3.2 Weapon Integration
         4.3.3 Financial Crisis

5 Trend Analysis (Page No. - 33)
   5.1 Market Trend
         5.1.1 Combined Procurement
   5.2 Industry Trends
         5.2.1 Joint Development
         5.2.2 Designing For The Global Marketplace
   5.3 Technology Trend
         5.3.1 Hybrid Guidance System

6 Global Smart Weapons Market (Page No. - 35)
   6.1 Global Smart Weapons Market
         6.1.1 Global Revenue Analysis
   6.2 Revenue Analysis, By Type of Smart Weapons
         6.2.1 Anti-Armor Weapons Revenue Forecast
         6.2.2 Guided Munitions Revenue Forecast
         6.2.3 Guided Projectiles Revenue Forecast
         6.2.4 Stand-Off Weapons Revenue Forecast
         6.2.5 Guided Rockets Revenue Forecast
   6.3 Regional Analysis
         6.3.1 Africa Revenue Forecast
                  6.3.1.1 Africa: Revenue Forecast, By Type of Smart Weapons
         6.3.2 Asia Revenue Forecast
                  6.3.2.1 Asia: Revenue Forecast, By Type of Smart Weapons
         6.3.3 Europe Revenue Forecast
                  6.3.3.1 Europe: Revenue Forecast, By Type of Smart Weapons
         6.3.4 Latin America Revenue Forecast
                  6.3.4.1 Latin America: Revenue Forecast, By Type of Smart Weapons
         6.3.5 Middle East Revenue Forecast
                  6.3.5.1 Middle East: Revenue Forecast, By Type of Smart Weapons
         6.3.6 North America Revenue Forecast
                  6.3.6.1 North America: Revenue Forecast, By Type of Smart Weapons
   6.4 Country Analysis
         6.4.1 The U.S. Revenue Forecast
                  6.4.1.1 The U.S.: Revenue Forecast, By Type of Smart Weapons
         6.4.2 United Kingdom Revenue Forecast
                  6.4.2.1 United Kingdom: Revenue Forecast, By Type of Smart Weapons
         6.4.3 Italy Revenue Forecast
                  6.4.3.1 Italy: Revenue Forecast, By Type of Smart Weapons
         6.4.4 France Revenue Forecast
                  6.4.4.1 France: Revenue Forecast, By Type of Smart Weapons
         6.4.5 Germany Revenue Forecast
                  6.4.5.1 Germany: Revenue Forecast, By Type Of Smart Weapons
         6.4.6 India Revenue Forecast
                  6.4.6.1 India: Revenue Forecast, By Type Of Smart Weapons
         6.4.7 Australia Revenue Forecast
                  6.4.7.1 Australia: Revenue Forecast, By Type of Smart Weapons
         6.4.8 Japan Revenue Forecast
                  6.4.8.1 Japan: Revenue Forecast, By Type of Smart Weapon
         6.4.9 South Korea Revenue Forecast
                  6.4.9.1 South Korea: Revenue Forecast, By Type of Smart Weapon
         6.4.10 South Africa Revenue Forecast
                  6.4.10.1 South Africa: Revenue Forecast, By Type of Smart Weapon
         6.4.11 Saudi Arabia Revenue Forecast
                  6.4.11.1 Saudi Arabia: Revenue Forecast, By Type Of Smart Weapon
         6.4.12 Israel Revenue Forecast
                  6.4.12.1 Israel: Revenue Forecast, By Type Of Smart Weapon
         6.4.13 UAE Revenue Forecast
                  6.4.13.1 UAE: Revenue Forecast, By Type of Smart Weapon
         6.4.14 Brazil Revenue Forecast
                  6.4.14.1 Brazil: Revenue Forecast, By Type of Smart Weapon

7 Competitive Landscape (Page No. - 90)
   7.1 Market Share, By Smart Weapons Manufacturers
   7.2 Market Share, By Country

8 Company Profiles (Overview, Products And Services, Financials, Strategy & Development)* (Page No. - 95)
   8.1 Alliant Techsystems, Inc. (ATK)
   8.2 BAE Systems
   8.3 Boeing
   8.4 Denel Dynamics
   8.5 General Dynamics
   8.6 Israel Aerospace Industries
   8.7 Kongsberg Defence Systems
   8.8 L-3 Fuzing And Ordnance Systems, Inc.
   8.9 Lockheed Martin Corporation
   8.10 MBDA
   8.11 Nexter Group
   8.12 OTO Melara S.P.A
   8.13 Qinetiq Group PLC
   8.14 Rafael Advanced Defense Systems Ltd.
   8.15 Raytheon Company
   8.16 Rheinmetall AG
   8.17 Textron Defense Systems

*Details On Overview, Products and Services, Financials, Strategy & Development Might Not be Captured In Case of Unlisted Companies.


List Of Tables (49 Tables)

Table 1 Impact Analysis of Drivers
Table 2 Impact Analysis of Restraints
Table 3 Smart Weapons Market: Anti-Armor Weapons, Growth Rate, 2013 – 2018 (%)
Table 4 Guided Munitions, Growth Rate, 2013 – 2018 (%)
Table 5 Guided Projectiles, Growth Rate, 2013 – 2018 (%)
Table 6 Stand-Off Weapons, Growth Rate, 2013 – 2018 (%)
Table 7 Guided Rockets, Growth Rate, 2013 – 2018 (%)
Table 8 The U.S.: Smart Weapons Market, Country Snapshot, 2012
Table 9 The U.S.: Market, Total Market Size, 2013 – 2018 ($Million)
Table 10 United Kingdom: Smart Weapons Market, Country Snapshot, 2012
Table 11 United Kingdom: Market, Total Market Size, 2013 – 2018 ($Million)
Table 12 Italy: Smart Weapons Market, Country Snapshot, 2012
Table 13 Italy: Market, Total Market Size, 2013 – 2018 ($Million)
Table 14 France: Smart Weapons Market, Country Snapshot, 2012
Table 15 France: Market, Total Market Size, 2013 – 2018 ($Million)
Table 16 Germany: Smart Weapons Market, Country Snapshot, 2012
Table 17 Germany: Market, Total Market Size, 2013 – 2018 ($Million)
Table 18 India: Smart Weapons Market, Country Snapshot, 2012
Table 19 India: Market, Total Market Size, 2013 – 2018 ($Million)
Table 20 Australia: Smart Weapons Market, Country Snapshot, 2012
Table 21 Australia: Market, Total Market Size, 2013 – 2018 ($Million)
Table 22 Japan: Smart Weapons Market, Country Snapshot, 2012
Table 23 Japan: Market, Total Market Size, 2013 – 2018 ($Million)
Table 24 South Korea: Smart Weapons Market, Country Snapshot, 2012
Table 25 South Korea: Market, Total Market Size, 2013 – 2018 ($Million)
Table 26 South Africa: Smart Weapons Market, Country Snapshot, 2012
Table 27 South Africa: Market, Total Market Size, 2013 – 2018 ($Million)
Table 28 Saudi Arabia: Smart Weapons Market, Country Snapshot, 2012
Table 29 Saudi Arabia: Market, Total Market Size, 2013 – 2018 ($Million)
Table 30 Israel: Smart Weapons Market, Country Snapshot, 2012
Table 31 Israel: Market, Total Market Size, 2013 – 2018 ($Million)
Table 32 UAE: Smart Weapons Market, Country Snapshot, 2012
Table 33 UAE: Market, Total Market Size, 2013 – 2018 ($Million)
Table 34 Brazil: Smart Weapons Market, Country Snapshot, 2012
Table 35 Brazil: Market, Total Market Size, 2013 – 2018 ($Million)
Table 36 ATK: Financial Overview, 2008 – 2012 ($Billion)
Table 37 BAE Systems: Financial Overview, 2008 – 2012 ($Billion)
Table 38 Boeing Defense Space And Security: Financial Overview, 2008 – 2012 ($Billion)
Table 39 General Dynamics: Financial Overview, 2007 – 2011 ($Billion)
Table 40 Kongsberg Defence Systems: Financial Overview, 2009 – 2012 ($Billion)
Table 41 L-3 Fuzing and Ordnance: Financial Overview, 2008 – 2012 ($Billion)
Table 42 Lockheed Martin Corporation: Financial Overview, 2008 – 2012 ($Billion)
Table 43 MBDA: Fianancial Overview, 2010 – 2012 ($Billion)
Table 44 OTO Melara S.P.A: Financial Overview, 2008 – 2012 ($Billion)
Table 45 Qinetiq Group PLC: Financial Overview, 2010 – 2013 ($Billion)
Table 46 Rafael Advanced Defense Systems Ltd.: Financial Overview, 2008 – 2012 ($Billion)
Table 47 Raytheon Company: Financial Overview, 2008 – 2012 ($Billion)
Table 48 Rheinmetall AG: Financial Overview, 2008 – 2012 ($Billion)
Table 49 Textron Defense Systems: Financial Overview, 2008 – 2012 ($Billion)


List Of Figures (82 Figures)

Figure 1 Global Smart Weapons Market: Markets Covered
Figure 2 Challenges
Figure 3 Smart Weapons Market: Global Revenue Analysis, 2013 – 2018 ($Million)
Figure 4 Anti-Armor Weapons, Procurement Analysis, 2013 – 2018 ($Million)
Figure 5 Guided Munitions, Procurement Analysis, 2013 – 2018 ($Million)
Figure 6 Guided Projectiles, Procurement Analysis, 2013 – 2018 ($Million)
Figure 7 Stand-Off Weapons, Procurement Analysis, 2013 – 2018 ($Million)
Figure 8 Guided Rockets, Procurement Analysis, 2013 – 2018 ($Million)
Figure 9 Africa: Total Market Size, 2013 – 2018 ($Million)
Figure 10 Africa: Smart Weapons Market, Regional Split, 2013 – 2018 (%)
Figure 11 Africa: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 12 Asia: Total Market Size, 2013 – 2018 ($Million)
Figure 13 Asia: Market, Region Split, 2013 – 2018 (%)
Figure 14 Asia: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 15 Europe: Total Market Size, 2013 – 2018 ($Million)
Figure 16 Europe: Market, Regional Split, 2013 – 2018 (%)
Figure 17 Europe: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 18 Latin America: Total Market Size, 2013 – 2018 ($Million)
Figure 19 Latin America: Market, Regional Split, 2013 – 2018 (%)
Figure 20 Latin America: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 21 Middle East: Smart Weapons Market, Total Market Size, 2013 – 2018 ($Million)
Figure 22 Middle East: Market, Regional Split, 2013 – 2018 (%)
Figure 23 Middle East: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 24 North America: Smart Weapons Market, Total Market Size, 2013 – 2018 ($Million)
Figure 25 North America: Market, Regional Split, 2013 – 2018 (%)
Figure 26 North America: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 27 The U.S.: Smart Weapons Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 28 United Kingdom: Smart Weapons Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 29 Italy: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 30 France: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 31 Germany: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 32 India: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 33 Australia: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 34 Japan: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 35 South Korea: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 36 South Africa: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 37 Saudi Arabia: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 38 Israel: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 39 UAE: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 40 Brazil: Market, Sub-System Split, 2013 – 2018 ($Million)
Figure 41 Market Share, By Manufacturers
Figure 42 Market Share, By Country
Figure 43 High Growth Countries
Figure 44 ATK: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 45 ATK: Operating Earnings Analysis, 2008 – 2012 ($Billion)
Figure 46 ATK: Profit Analysis, 2008 – 2012 ($Billion)
Figure 47 BAE Systems: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 48 BAE Systems: Profit Analysis, 2008 – 2012 ($Billion)
Figure 49 Boeing Defense Space And Security: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 50 Boeing Defense Space And Security: Operating Earnings Analysis, 2008 – 2012 ($Billion)
Figure 51 Boeing Company: Profit Analysis, 2008 – 2012 ($Billion)
Figure 52 General Dynamics: Revenue Analysis, 2007 – 2011 ($Billion)
Figure 53 General Dynamics: Operating Earnings Analysis, 2007 – 2011 ($Billion)
Figure 54 General Dynamics: Profit Analysis, 2007 – 2011 ($Billion)
Figure 55 Kongsberg Defence Systems: Revenue Analysis, 2009 – 2012 ($Billion)
Figure 56 Kongsberg Defence Systems: Operating Cost Analysis, 2009 – 2012 ($Billion)
Figure 57 L-3 Fuzing and Ordnance: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 58 L-3 Fuzing and Ordnance: Operating Income Analysis, 2008 – 2012 ($Billion)
Figure 59 L-3 Fuzing and Ordnance: Profit Analysis, 2008 – 2012 ($Billion)
Figure 60 Lockheed Martin Corporation: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 61 Lockheed Martin Corporation: Operating Earnings Analysis, 2008 – 2012 ($Billion)
Figure 62 Lockheed Martin Corporation: Profit Analysis, 2008 – 2012 ($Billion)
Figure 63 MBDA: Sales Vs Rate of Change, 2010 – 2012 ($Billion)
Figure 64 MBDA: Orders Vs Rate of Change, 2010 – 2012 ($Billion)
Figure 65 MBDA : Order Book Vs Rate of Change, 2010 – 2012 ($Billion)
Figure 66 OTO Melara S.P.A: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 67 OTO Melara S.P.A: Operating Earnings Analysis, 2008 – 2012 ($Billion)
Figure 68 OTO Melara S.P.A: Profit Analysis, 2008 – 2012 ($Billion)
Figure 69 Qinetiq Group PLC: Revenue Vs Rate Of Change, 2010 – 2013 ($Billion)
Figure 70 Qinetiq Group PLC: Operating Earning Analysis, 2010 – 2013 ($Billion)
Figure 71 Qinetiq Group PLC: Profit Analysis, 2010 – 2013 ($Billion)
Figure 72 Rafael Advanced Defense Systems Ltd.: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 73 Rafael Advanced Defense Systems Ltd.: Profit Analysis, 2008 – 2012 ($Billion)
Figure 74 Raytheon Company: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 75 Raytheon Company: Operating Income, 2008 – 2012 ($Billion)
Figure 76 Raytheon Company: Profit Analysis, 2008 – 2012 ($Billion)
Figure 77 Rheinmetall AG: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 78 Rheinmetall AG: Operating Earnings Analysis, 2008 – 2012 ($Billion)
Figure 79 Rheinmetall AG: Profit Analysis, 2008 – 2012 ($Billion)
Figure 80 Textron Defense Systems: Revenue Analysis, 2008 – 2012 ($Billion)
Figure 81 Textron Defense Systems: Operating Expense Analysis, 2008 – 2012 ($Billion)
Figure 82 Textron: Profit Analysis, 2008 – 2012 ($Billion)

The nature of warfare has changed drastically since 9/11. The threats we face are uncertain; the battlefield is often the urban environment and population centers; and the enemy is tactically innovative, highly networked, and intelligent, which defeats the conventional superiority that the armed forces possess. The present-day technological advances have, however, given us the capability to face the enemy in an efficient and effective manner. One such advancement is in the area of smart weapons technology.

Recent conflicts across the globe have emphasized the need for precision attacks and stand-off surgical strikes. There is an imperative need to avoid collateral damage and at the same time to provide combatant commanders with an efficient fire power capability that could create an immediate positive effect on the battlefield. These needs are met by smart weapons, which are increasingly being taken into the inventory of the armed forces. Given the need for such systems, the demand is expected to increase during and after the forecasted period.

Smart weapons range from precision-guided artillery rounds and precision-guided bombs to precision-guided stand-off missiles. Anti-armor weapons comprise of anti-tank and anti-structure missiles. Lately, multi-mission capable missiles, which could be used in a variety of operational capabilities, are widely developed and produced; thus reducing logistics and providing single, easy-to-use solutions for a variety of missions. Guided munitions are bombs that are fitted with any one of the following guidance systems, such as the inertial navigation system, global positioning system, laser beam guidance, terrain mapping, radar guidance, infrared imaging, and video guidance systems.

These guidance systems can be used solely or in combination with two different guidance mechanisms, thus creating a hybrid navigation system that helps in improving all weather targeting and attacking capabilities for war fighters. JDAM (Joint Direct Attack Munition) by The Boeing Company, Paveway by Raytheon, and AASM by Sagem of France are a couple of widely procured and proven guided munitions. The demand for precision/surgical strikes has led to an increased demand for these systems, and western companies who dominate this market are expected to strengthen their market position across the globe in the coming decade or at least until a credible domestic capability is built by the procuring nations.

The need to provide precision fire capabilities to soldiers operating in squad and platoon levels has led to the development of guided projectiles and is being inducted by all major armed forces. The precision effect offered by these projectiles—apart from offering a reliable first-shot, first-hit capability—also reduces the logistics burden. The furtherance of technology means that the unit cost of such systems will be further reduced; thus, making it even more attractive and affordable over the forecasted period.

Guided rockets fulfill the armed forces’ requirement for tactical and operational support. The larger rockets launched from MLRS (Multiple Launch Rocket System) platforms serve as accurate strike weapons across long distances of more than 50km. From an operational perspective, it falls between artillery and longer range stand-off weapons. Its extreme accuracy has helped in achieving minimum collateral damage and is considered extremely reliable. Guided rockets are being continuously upgraded to add new capabilities that further create new market opportunities. Another development widely seen in the field of guided rockets is the development of a precision-guided kit for 70mm rockets. 70mm rockets are widely used in fixed and rotary wing aircraft for close combat support roles and are usually fired in salvos. The development of precision guidance for these systems has created a very useful weapon that, instead of being fired in salvos at one target, could be launched and guided one at a time at various targets. This has greatly improved the accuracy and usability of the rockets, thus creating a niche market opportunity for such systems.

Governments are increasingly opting for joint development and procurement of smart weapons with the aim of reducing developmental costs and to offset the risks involved in development. Furthermore, it reduces procurement costs by making effective use of economies of scale. Joint procurement also helps the industry to plan production ahead and maintain effective cross-country supply chain operations.

Smart Weapons Market Value, By Type, 2013-2018 ($ Billion)

Smart Weapons Market

Source: MarketsandMarkets Analysis

Smart Weapons Market Value, By Geography, 2013-2018 ($Billion)

Smart Weapons Market

Source: MarketsandMarkets Analysis

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