Smart bullets are next generation munitions with enhanced features and functionality. It can change speed, turn in mid-air, accurate in target, and send data. Smart bullets allow snipers to hit their targets from several kilometers away and also effective against moving targets.
Smart bullets find significant usage in airborne, land, and naval weapons. The smart bullet market is deeply influenced by the increase in the defense budget globally as there is an increasing demand for intelligent bullets in the regions with increased terrorist activities.
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Rising need for smart bullets in military organizations, high demand for airborne smart bullets, increasing investments in the defense sector, technological advancement, advancing economies are driving the Smart Bullet market. The restraint for the market growth is targeting the moving object in unfavorable condition like dusty terrain, and high-speed wind may hamper the smart bullet market. However, ongoing research activities for highly advanced smart weapons to tackle frequent terror attacks, high investment in remote sensing and sensors for defense is creating opportunities for the Smart Bullet market.
The global Smart Bullet market is segmented on the basis of type, and end-users. On the basis of the type the market is segmented into self-guided and guided. Based on end-users the market is segmented as airborne, naval, and land.
Top Leading Market Players:
1. BAE Systems PLC.
3. General Dynamics Corporation
4. Harris Corporation
5. Lockheed Martin Corporation
6. Northrop Grumman Corporation
7. Taser International, Inc.
8. Textron Defense Systems
9. Thales Group
10. The Raytheon Company
The Smart Bullets Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
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The Smart Bullets Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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