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Home » Aerospace and Defence » Defence System » ADE-9660418
  • Global Smart Bullet Market-Technologies, Market share and Industry Forecast to 2024

  • Publish: March 2018 | Report Code: ADE-9660418

* For discount/customization and buying a particular chapter click here or write to us at sales@occamsresearch.com

Smart bullet market refers to technologically advanced bullets that are capable of navigation by following a trajectory path. Smart bullets have very high accuracy as well as self-guided feature to track target by laser designator. The global smart bullet market is expected to rise at a CAGR of about 15.16% during forecast period 2016-2023. The increasing defence budget, technological innovations in smart bullet are some of the major factor contributing to the growth of global smart bullet market during forecast period. In addition to this, rising incidences of terrorist attacks across the globe has increased the demand for military weapons and also strengthen the military and defence sector of regions across the globe.

Frequent terror attacks across the globe is one of the major driving factor which contributes to the growth of global smart bullets market during forecast period. According to the Public Radio International (United States), more than 75% of terrorist attacks were majorly experienced by ten countries which include Iraq, Afghanistan, India, Pakistan, Somalia, the Philippines, Turkey, Yemen, Nigeria, and Syria in 2016. Such terrorist attacks increase the demand for advanced weapons with smart bullets which is expected to contribute to the growth during the forecast period.

 

 

Source: OBRC Analysis

The report covers various segments such as product type and end user.

Global market of smart bullet by product type has been divided into:

 

·         Guided smart bullet

 

·         Self guided smart bullets

 

End user segment of smart bullet includes:

 

·         Airborne

 

·         Land

 

·         Naval

 

The report scope is widely characterized on the basis of its segments such as product type and end users. Moreover, the market revenue estimates and forecast includes only smart bullets. However, the report scope excludes conventional bullets.

The report on the global market has been geographically segmented in:

 

·         North America (U.S. & Canada)

 

·         Asia Pacific (China, India, Japan, RoAPAC)

 

·         Europe (UK, France, Germany, RoE)

 

·         Rest of World

 

North America accounted for largest market share in terms of revenue in market in 2016 followed by Asia Pacific and Europe. North America is expected to dominate the market during forecast period. Largest market share of North America is majorly witnessed due to high military and defense expenditure by government across the region. According to the United States Department of Defense (DOD), the government of United States spends more than 50% of its total budget annually on military and defense sectors. However, Asia Pacific is expected to emerge as the fastest growing region for market during forecast period. Highest growth rate of Asia Pacific is majorly witnessed due to frequent terror attacks across countries of Asia Pacific such as India, China, etc. For instance, Pathankot attack happened on January 02, 2016 on Pathankot Air Force Station by a heavily armed group. Also, on November 29, 2016, Indian Army base was attacked by a group of militants in Nagrota, Jammu and Kashmir. Furthermore, on December 28, 2016 Xinjiang attack in China was one of the major terrorist attack. Such frequent terrorist attacks are expected to increase the demand for smart bullets across Asia Pacific and is likely to contribute to highest growth rate during forecast period.

The global report covers segmentation analysis of product type and end-user. Report further cover segments of product type which includes guided smart bullet and self-guided smart bullets. Self-guided bullets accounted for largest market share in terms of revenue for global market in 2016 and is expected to dominate the market during forecast period. Dominance of self-guided smart bullets is majorly witnessed due to its increasing usage owing to advanced features such as, data transmission, target tracking, speed control etc. Further, end-user segment of smart bullet includes airborne, land and naval. In end users, land segment accounted for the largest market revenue share in terms of revenue and is expected to dominate the market during forecast period. High investments in land military and defence weapon is expected to contribute to dominance of land end-user segment. However, airborne end-user segment is expected to emerge as the fastest growing segment in global market during forecast period due to high investments in remote sensing and sensors.

The major market players are:

 

·         Lockheed Martin Corporation

 

·         Northrop Grumman Corporation

 

·         BAE Systems

 

·         The Raytheon Company

 

·         Others

 

These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, agreement is the key strategy adopted by the companies in global smart bullet market.

For example: In 2017, United States Defense Advanced Research Projects Agency (DRAPA) entered into a contract with Raytheon Missile Systems worth around $8 million. It combined precision, guidance and accuracy with the speed, fire capability as well as large ammunition afforded by smart bullets. This is expected to increase the dominance of the company.

The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in the global market.

 

Key reasons to buy the report:

 

·         The report includes market estimation, forecast and analysis for the forecast year 2016-2023.

 

·         Report includes detailed analysis of different segments such as product type and end users.

 

·         Identify and understand the strength, opportunities, challenges and threat during the forecast period.

 

·         Covers detailed analysis of Porters 5 force model and other strategic models. Also covers revenues, market share analysis, and competitive landscape analysis of major players of the global market.

 

·         Detailed analysis of various regulatory policies which are affecting the market during the forecast period.

 

How are we different from others:

 

At Occams, we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global smart bullet market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, report contains detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of global market, with giving extensive SCOT analysis of key companies.

 

Key findings:

 

·         Frequent terror attack across the globe contributes to the growth of global market during forecast period.

 

·         Asia Pacific is expected to emerge as the fastest growing region for the market during the forecast period.

 

·         Airborne end user segment is expected to be the fastest growing segment during the forecast period.

 

·         Agreement is the key strategy adopted by the companies.

 

1.       INTRODUCTION

1.1. EXECUTIVE SUMMARY

1.2. ESTIMATION METHODOLOGY

2.       MARKET OVERVIEW

2.1. GLOBAL SMART BULLET MARKET: EVOLUTION & TRANSITION

2.2. MARKET DEFINITION & SCOPE

2.3. INDUSTRY STRUCTURE

2.4. REGULATORY FRAMEWORK

2.5. TOTAL MARKET ANALYSIS

2.5.1.        TOP 5 FINDINGS

2.5.2.        TOP 5 OPPORTUNITY MARKETS

2.5.3.        TOP 5 COMPANIES

2.5.4.        TOP 3 COMPETITIVE STRATEGIES

2.6. ESTIMATION ANALYSIS

2.7. STRATEGIC ANALYSIS

2.7.1.        INVESTMENT VS. ADOPTION MODEL

2.7.2.        360-DEGREE INDUSTRY ANALYSIS

2.7.3.        PORTERS 5 FORCE MODEL

2.7.4.        SEE-SAW ANALYSIS

2.7.5.        CONSUMER ANALYSIS AND KEY BUYING CRITERIA

2.8. COMPETITIVE ANALYSIS

2.8.1.        KEY STRATEGIES & ANALYSIS

2.8.2.        MARKET SHARE ANALYSIS & TOP COMPANY ANALYSIS

2.9. STRATEGIC RECOMMENDATIONS & KEY CONCLUSIONS

2.9.1.        INVESTMENT OPPORTUNITIES BY REGIONS

2.9.2.        OPPORTUNITIES IN EMERGING APPLICATIONS

2.9.3.        INVESTMENT OPPORTUNITY IN FASTEST GROWING SEGMENT

3.       MARKET DETERMINANTS

3.1. MARKET DRIVERS

3.1.1.        INCREASING DEFENSE BUDGET GLOBALLY

3.1.2.        RISING DEMAND FOR SMART DEFENSE WEAPONS

3.1.3.        TECHNOLOGICAL INNOVATIONS IN SMART BULLETS

3.1.4.        FREQUENT TERROR ATTACKS

3.2. MARKET RESTRAINTS

3.2.1.        HIGH MANUFACTURING COST

3.2.2.        ARMS TRANSFER REGULATIONS

3.3. MARKET OPPORTUNITIES

3.3.1.        RISING DEMAND FOR SMART BULLET FROM NAVY AND AIR FORCE

3.3.2.        HIGH RESEARCH AND DEVELOPMENT ACTIVITIES

3.4.   MARKET CHALLENGES

3.4.1.        COMPATIBILITY AND INTEGRATION WITH ALL TYPES OF WEAPONS 

4.       MARKET SEGMENTATION

4.1.                     GLOBAL SMART BULLET MARKET BY PRODUCT TYPE

4.1.1.        MARKET DEFINITION AND SCOPE

4.1.2.        DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY

4.1.3.        COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS

4.1.4.         OPPORTUNITY MATRIX

4.1.5.        MARKET SEGMENTATION

4.1.5.1.                        GLOBAL GUIDED SMART BULLET MARKET

4.1.5.1.1.        ADOPTION SCENARIO & MARKET DETERMINANTS

4.1.5.1.2.        MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

4.1.5.1.3.        KEY PLAYERS & KEY PRODUCTS

4.1.5.1.4.        KEY CONCLUSIONS

4.1.5.2.                        GLOBAL SELF-GUIDED SMART BULLET MARKET

4.1.5.2.1.        ADOPTION SCENARIO & MARKET DETERMINANTS

4.1.5.2.2.        MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

4.1.5.2.3.        KEY PLAYERS & KEY PRODUCTS

4.1.5.2.4.        KEY CONCLUSIONS

4.2.                     GLOBAL SMART BULLET MARKET BY END USER 

4.2.1.        MARKET DEFINITION AND SCOPE

4.2.2.        DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY

4.2.3.        COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS

4.2.4.         OPPORTUNITY MATRIX

4.2.5.        MARKET SEGMENTATION

4.2.5.1.                        GLOBAL AIRBORNE MARKET

4.2.5.1.1.        ADOPTION SCENARIO & MARKET DETERMINANTS

4.2.5.1.2.        MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

4.2.5.1.3.        KEY PLAYERS & KEY PRODUCTS

4.2.5.1.4.        KEY CONCLUSIONS

4.2.5.2.                        GLOBAL LAND MARKET

4.2.5.2.1.        ADOPTION SCENARIO & MARKET DETERMINANTS

4.2.5.2.2.        MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

4.2.5.2.3.        KEY PLAYERS & KEY PRODUCTS

4.2.5.2.4.        KEY CONCLUSIONS

4.2.5.3.                        GLOBAL NAVAL MARKET

4.2.5.3.1.        ADOPTION SCENARIO & MARKET DETERMINANTS

4.2.5.3.2.        MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

4.2.5.3.3.        KEY PLAYERS & KEY PRODUCTS

4.2.5.3.4.        KEY CONCLUSIONS

5.       COMPETITIVE LANDSCAPE

5.1. KEY STRATEGIES

5.1.1.        LIST OF MERGERS AND ACQUISITIONS

5.1.2.        LIST OF JOINT VENTURES

5.1.3.        LIST OF PRODUCT LAUNCHES

5.1.4.        LIST OF PARTNERSHIPS

6.       GEOGRAPHIC ANALYSIS

6.1. DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY

6.2. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS

6.3. OPPORTUNITY MATRIX

6.4.                      GLOBALSMART BULLET  MARKET BY REGION 2014-2023 ($ MILLION)

6.4.1.      NORTH AMERICA

6.4.1.1.  INDUSTRY ANALYSIS 2014-2023 ($ MILLION)

6.4.1.2.  TOP COUNTRY ANALYSIS

6.4.1.2.1.      U.S.

6.4.1.2.1.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.1.2.1.2.   KEY PLAYERS & KEY PRODUCTS

6.4.1.2.1.3.   KEY CONCLUSIONS

6.4.1.2.2.      CANADA

6.4.1.2.2.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.1.2.2.2.   KEY PLAYERS & KEY PRODUCTS

6.4.1.2.2.3.   KEY CONCLUSIONS

6.4.2.      EUROPE

6.4.2.1.  INDUSTRY ANALYSIS 2014-2023 ($ MILLION)

6.4.2.2.  TOP COUNTRY ANALYSIS

6.4.2.2.1.      UK

6.4.2.2.1.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.2.2.1.2.   KEY PLAYERS & KEY PRODUCTS

6.4.2.2.1.3.   KEY CONCLUSIONS

6.4.2.2.2.      FRANCE

6.4.2.2.2.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.2.2.2.2.   KEY PLAYERS & KEY PRODUCTS

6.4.2.2.2.3.   KEY CONCLUSIONS

6.4.2.2.3.      GERMANY

6.4.2.2.3.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.2.2.3.2.   KEY PLAYERS & KEY PRODUCTS

6.4.2.2.3.3.   KEY CONCLUSIONS

6.4.2.2.4.      SPAIN

6.4.2.2.4.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.2.2.4.2.   KEY PLAYERS & KEY PRODUCTS

6.4.2.2.4.3.   KEY CONCLUSIONS

6.4.2.2.5.      REST OF EUROPE

6.4.2.2.5.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.2.2.5.2.   KEY  PLAYERS & KEY PRODUCTS

6.4.2.2.5.3.   KEY CONCLUSIONS

6.4.3.      ASIA PACIFIC

6.4.3.1.  INDUSTRY ANALYSIS 2014-2023 ($ MILLION)

6.4.3.2.  TOP COUNTRY ANALYSIS

6.4.3.2.1.      CHINA

6.4.3.2.1.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.3.2.1.2.   KEY PLAYERS & KEY PRODUCTS

6.4.3.2.1.3.   KEY CONCLUSIONS

6.4.3.2.2.      INDIA

6.4.3.2.2.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.3.2.2.2.   KEY PLAYERS & KEY PRODUCTS

6.4.3.2.2.3.   KEY CONCLUSIONS

6.4.3.2.3.      JAPAN

6.4.3.2.3.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.3.2.3.2.   KEY PLAYERS & KEY PRODUCTS

6.4.3.2.3.3.   KEY CONCLUSIONS

6.4.3.2.4.      AUSTRALIA

6.4.3.2.4.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.3.2.4.2.   KEY  PLAYERS & KEY PRODUCTS

6.4.3.2.4.3.   KEY CONCLUSIONS

6.4.3.2.5.      REST OF ASIA PACIFIC

6.4.3.2.5.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.3.2.5.2.   KEY  PLAYERS & KEY PRODUCTS

6.4.3.2.5.3.   KEY CONCLUSIONS

6.4.4.      ROW

6.4.4.1.  INDUSTRY ANALYSIS 2014-2023 ($ MILLION)

6.4.4.2.  TOP COUNTRY ANALYSIS

6.4.4.2.1.      LATIN AMERICA

6.4.4.2.1.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.4.2.1.2.   KEY PLAYERS & KEY PRODUCTS

6.4.4.2.1.3.   KEY CONCLUSIONS

6.4.4.2.2.      MIDDLE EAST & AFRICA

6.4.4.2.2.1.   MARKET ESTIMATIONS AND FORECASTS 2014-2023 ($ MILLION)

6.4.4.2.2.2.   KEY PLAYERS & KEY PRODUCTS

6.4.4.2.2.3.   KEY CONCLUSIONS

7.       COMPANY PROFILES

7.1. AXON (U.S.)

7.1.1.        OVERVIEW

7.1.2.        PRODUCT PORTFOLIO

7.1.3.        STRATEGIC INITIATIVES

7.1.4.        SCOT ANALYSIS

7.1.5.        STRATEGIC ANALYSIS

7.2. BAE SYSTEMS PLC (U.K.)

7.2.1.        OVERVIEW

7.2.2.        PRODUCT PORTFOLIO

7.2.3.        STRATEGIC INITIATIVES

7.2.4.        SCOT ANALYSIS

7.2.5.        STRATEGIC ANALYSIS

7.3. DARPA(U.S.)

7.3.1.        OVERVIEW

7.3.2.        PRODUCT PORTFOLIO

7.3.3.        STRATEGIC INITIATIVES

7.3.4.        SCOT ANALYSIS

7.3.5.        STRATEGIC ANALYSIS

7.4. DASSUALT AVIATION (FRANCE)

7.4.1.        OVERVIEW

7.4.2.        PRODUCT PORTFOLIO

7.4.3.        STRATEGIC INITIATIVES

7.4.4.        SCOT ANALYSIS

7.4.5.        STRATEGIC ANALYSIS

7.5. GENERAL DYNAMICS CORPORATION (U.S.)

7.5.1.        OVERVIEW

7.5.2.        PRODUCT PORTFOLIO

7.5.3.        STRATEGIC INITIATIVES

7.5.4.        SCOT ANALYSIS

7.5.5.        STRATEGIC ANALYSIS

7.6. HARRIS CORPORATION (U.S.)

7.6.1.        OVERVIEW

7.6.2.        PRODUCT PORTFOLIO

7.6.3.        STRATEGIC INITIATIVES

7.6.4.        SCOT ANALYSIS

7.6.5.        STRATEGIC ANALYSIS

7.7. LOCKHEED MARTIN CORPORATION (U.S.)

7.7.1.        OVERVIEW

7.7.2.        PRODUCT PORTFOLIO

7.7.3.        STRATEGIC INITIATIVES

7.7.4.        SCOT ANALYSIS

7.7.5.        STRATEGIC ANALYSIS

7.8. NORTHROP GRUMMAN CORPORATION (U.S.)

7.8.1.        OVERVIEW

7.8.2.        PRODUCT PORTFOLIO

7.8.3.        STRATEGIC INITIATIVES

7.8.4.        SCOT ANALYSIS

7.8.5.        STRATEGIC ANALYSIS

7.9. TEXTRON DEFENSE SYSTEMS (U.S.)

7.9.1.        OVERVIEW

7.9.2.        PRODUCT PORTFOLIO

7.9.3.        STRATEGIC INITIATIVES

7.9.4.        SCOT ANALYSIS

7.9.5.        STRATEGIC ANALYSIS

7.10.                  THALES GROUP (U.S.)

7.10.1.   OVERVIEW

7.10.2.   PRODUCT PORTFOLIO

7.10.3.   STRATEGIC INITIATIVES

7.10.4.   SCOT ANALYSIS

7.10.5.   STRATEGIC ANALYSIS

7.11.                  THE RAYTHEON COMPANY (U.S.)

7.11.1.   OVERVIEW

7.11.2.   PRODUCT PORTFOLIO

7.11.3.   STRATEGIC INITIATIVES

7.11.4.   SCOT ANALYSIS

7.11.5.   STRATEGIC ANALYSIS

LIST OF TABLES

1.       GLOBAL SMART BULLET MARKET BY  PRODUCT TYPE 2014-2023 ($ MILLION)

2.       GLOBAL GUIDED SMART BULLET MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)

3.       GLOBAL SELF-GUIDED SMART BULLET MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)

4.       GLOBAL SMART BULLET MARKET BY END USER  2014-2023 ($ MILLION)

5.       GLOBALAIRBORNE MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)

6.       GLOBAL LAND MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)

7.       GLOBAL NAVAL MARKET BY GEOGRAPHY 2014-2023 ($ MILLION)

8.       NORTH AMERICA SMART BULLET MARKET 2014-2023 ($ MILLION)

9.       EUROPE SOLID SMART BULLET MARKET 2014-2023 ($ MILLION)

10.   ASIA PACIFIC SMART BULLET MARKET 2014-2023 ($ MILLION)

11.   REST OF WORLD SMART BULLET MARKET 2014-2023 ($ MILLION)

 

LIST OF FIGURES

1.       GLOBAL GUIDED SMART BULLET MARKET 2014-2023 ($ MILLION)

2.       GLOBAL SELF-GUIDED SMART BULLET MARKET 2014-2023 ($ MILLION)

3.       GLOBAL  AIRBORNE MARKET 2014-2023 ($ MILLION)

4.       GLOBAL  LAND MARKET 2014-2023 ($ MILLION)

5.       GLOBAL NAVAL MARKET 2014-2023 ($ MILLION)

6.       UNITED STATES (U.S.) SMART BULLET MARKET 2014-2023 ($ MILLION)

7.       CANADA SMART BULLET MARKET 2014-2023 ($ MILLION)

8.       UNITED KINGDOM (UK) SMART BULLET MARKET 2014-2023 ($ MILLION)

9.       FRANCE SMART BULLET MARKET 2014-2023 ($ MILLION)

10.   GERMANY SMART BULLET MARKET 2014-2023 ($ MILLION)

11.   SPAIN SMART BULLET MARKET 2014-2023 ($ MILLION)

12.   ROE SMART BULLET MARKET 2014-2023 ($ MILLION)

13.   INDIA SMART BULLET MARKET 2014-2023 ($ MILLION)

14.   CHINA SMART BULLET MARKET 2014-2023 ($ MILLION)

15.   JAPAN SMART BULLET MARKET 2014-2023 ($ MILLION)

16.   AUSTRALIA SMART BULLET MARKET 2014-2023 ($ MILLION)

17.   ROAPAC SMART BULLET MARKET 2014-2023 ($ MILLION)

18.   LATIN AMERICA SMART BULLET MARKET 2014-2023 ($ MILLION)

19.   MENA SMART BULLET MARKET 2014-2023 ($ MILLION)

 

 

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