The armored vehicle is a self-propelled, weaponized military vehicle used for combat operations. The armored vehicles combine operational mobility with offensive and defensive capabilities. The main vehicle types of armored vehicles are armored personnel carriers, infantry fighting vehicles, main battle tanks, tactical trucks, buses, and others. An armored personnel carrier is a type of armored military vehicle used to transport personnel and equipment in combat zones. The various platforms include combat vehicles, combat support vehicles, unmanned armored ground vehicles, and the different systems involved are the engine, drive system, ballistic armor, fire control system (FCS), armaments, ammunition handling system, countermeasure system, command and control system, and others. By mobility, the armored vehicles are classified into tracked, wheeled, 4x4, 6x6, 8x8, and others. The armored vehicles market research report is one of a series of new reports from The Business Research Company that provides armored vehicle market statistics, including global market size, regional shares, competitors with an armored vehicle market share, detailed armored vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the armored vehicle industry. This armored vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global armored vehicles market size will grow from $11.73 billion in 2022 to $12.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global armored vehicles market size is expected to grow to $15.34 billion in 2027 at a CAGR of 5.1%. Increased military spending is expected to fuel the growth of the armored vehicle market over the forecast period. Countries around the world are investing in the military because of their conflicts and rivalries with other nations. Military expenditure covers operations, maintenance, arms acquisition, armored vehicles, and military research and development. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh year in a row that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. The high cost of armored vehicles is expected to limit the growth of the armored vehicle market in the forecast period. The cost of armored vehicles is high because armored vehicles are fitted with strict attention to quality to provide uncompromising protection while on the route. For example, the Inkas Sentry Civilian is an armed personnel carrier that starts at a base price of $350,000. Therefore, the high cost of armored vehicles hinders the growth of the armored vehicle market. The unmanned armored vehicle is a key trend gaining popularity in the armored vehicle market. The use of unmanned armored vehicles in the defense sector is increasingly evolving, and military organizations around the globe are experimenting with their use in an attempt to understand what such systems can bring and how they can best be incorporated into existing power structures. For instance, in March 2020, the first unmanned armored vehicle from SOORAN, capable of fighting on battlefields and operating from a distance, grabbed the attention of the Indian Army. Sooran is an artificial intelligence multi-terrain vehicle fitted with a petrol engine and can be controlled in three modes, including remote teleoperation, mobile control station teleoperation, and autonomous mode. In May 2020, BAE Systems, a USA-based aerospace company, acquired Raytheon Company for an undisclosed amount. This acquisition augments BAE Systems’ portfolio in airborne communications with broad-spectrum, multi-band, multi-channel radios that feature robust anti-jamming and encryption capabilities. Raytheon Company is a US defense contractor and industrial corporation with core manufacturing concentrations in weapons and military and commercial electronics. Major players in the armored vehicles market are BAE Systems, Oshkosh Corp., International Armored Group, General Dynamics Land Systems, Textron, Rheinmetall, Lockheed Martin, Krauss-Maffei Wegmann, INKAS Armored Vehicle, Elbit Systems, IVECo., Lenco Industries, Navistar, Thales Group, STREIT Group, UralVagonZavod, Ukroboronprom, NORINCo., BMW, Ford Motor Company, The Raytheon and Mitsubishi Heavy Industries and Hyundai. Asia-Pacific was the largest region in the armored vehicles market in 2022. Western Europe is expected to be the fastest-growing region in the global armored vehicles market during the forecast period. The regions covered in the global armored vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the armored vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The armored vehicle market consists of sales of armored vehicles such as tanks, tank destroyers, infantry fighting vehicles, armored personnel carriers, and self-propelled guns. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global armored vehicles market is segmented - 1) By Vehicle Type: Armored Personnel Carrier, Infantry Fighting Vehicle, Main Battle Tanks, Tactical Truck, Bus, Others 2) By Platform: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles 3) By System: Engine, Drive System, Ballistic Armor, Fire Control System (FCS), Armaments, Ammunition Handling System, Countermeasure System, Command and Control System, Others 4) By Mobility: Tracked, Wheeled, 4X4, 6X6, 8X8, Others

A precision-guided munition is a guided weapon that detects electromagnetic energy reflected from a target to destroy a point target and minimize collateral damage. These are guided using a global positioning system (GPS), a laser guidance beam, or an integrated inertial navigation system. The main types of products in the precision-guided munition category are tactical missiles, guided rockets, guided ammunition, torpedoes, and loitering munitions. Tactical missiles are shorter-ranged weapons designed for use in close combat areas. These operate at various speeds, such as subsonic, supersonic, and hypersonic. The different modes of operation include semi-autonomous and autonomous and involve several technologies such as infrared, semi-active laser, inertial navigation system (INS), a global positioning system (GPS), radar homing, and anti-radiation. It is also segmented by launch platform into land, airborne, and naval. The precision-guided munition market research report is one of a series of new reports from The Business Research Company that provides precision-guided munition market statistics, including precision-guided munition industry global market size, regional shares, competitors with a precision-guided munition market share, detailed precision-guided munition market segments, market trends and opportunities, and any further data you may need to thrive in the precision-guided munition industry. This precision-guided munition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global precision guided munition market size grew from $32.74 billion in 2022 to $36.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The precision guided munition market size is expected to grow to $52.55 billion in 2027 at a CAGR of 9.3%. The increase in military expenditure is significantly driving the growth of the precision-guided munition market. The military refers to the armed forces of any country that help maintain peace and stability in the country. Military expenditure is more focused on military modernization programs and the increase in the need for precision-guided munition to minimize collateral damage and increase lethality against the target, thereby promoting the adoption of precision-guided munition. For instance, according to the Stockholm International Peace Research Institute (SIPRI), in 2020, global military expenditure rose to $2 trillion, an increase of 2.6% from 2019. Therefore, increasing military expenditure is expected to propel the growth of the precision-guided munition market. Strategic partnerships and collaborations have emerged as a key trend in the precision-guided munition market. Key players operating in the precision-guided munition market are focusing on partnerships and collaborations to improve efficiency, expand value propositions, use skills and abilities of other companies, improve leadership skills, and extend their growth in new areas. For instance, in April 2021, Rheinmetall, a German company that manufactures equipment and systems for government, security, and military ground, air, and naval forces and specializes in precision-guided munitions, partnered with Northrop Grumman, a US-based aerospace and defense company, to develop precision-guided enhanced range artillery ammunition. Similarly, in July 2020, BAE Systems, a UK-based aerospace company, acquired the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation for $1.9 billion. This deal will help BAE extend GPS anti-jamming and anti-spoofing technology that is necessary for a range of defense missions. Raytheon Technologies is a US-based aerospace and defense company that specializes in missiles and precision munitions. In December 2021, Vertex Aerospace, a US-based aerospace and defense company, acquired Raytheon Technologies’ defense training and mission-critical solutions business lines for an undisclosed amount. This deal will help Vertex expand into highly specialized value-added technology solutions and services, including defense and commercial training, mission-critical support solutions, and engineering and modernization capabilities. Raytheon Technologies is a US-based aerospace and defense company that specializes in missiles and precision munitions. Major players in the precision-guided munition market are Northrop Grumman, Lockheed Martin Corporation, Boeing, BAE Systems, General Dynamics Corporation, Thales Group, L3 Harris Technologies Inc., Leonardo S.p.A, Elbit Systems Ltd., Saab AB, Israel Aerospace Industries, Rheinmetall AG, Bharat Dynamics Limited, Denel Dynamics, and LIG Nex 1. Asia-Pacific was the largest region in the precision-guided munition market in 2022. The regions covered in the precision-guided munition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the precision-guided munition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The precision-guided munition market consists of sales of autonomous long range artillery munition, loitering munitions, aircraft self-protection missile, and digital guided missiles.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global precision guided munition market is segmented - 1) By Product: Tactical Missiles, Guided Rockets, Guided Ammunition, Torpedoes, Loitering Munitions 2) By Technology: Infrared, Semi Active Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation 3) By Launch Platform: Land, Airborne, Naval 4) By Mode of Operation: Semi-Autonomous, Autonomous 5) By Speed: Subsonic, Supersonic, Hypersonic

 The shoulder fired weapons refer to a weapon that is shot while being held in the hands and having its butt pressed up against a shoulder. The shoulder fired weapons market consists of sales of rocket-propellant grenade and bazooka. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The main types of shoulder-fired weapons are guided and unguided. Guided should fired weapons refer to weapons whose path may be changed while in flight by a radar device. These weapons have a launcher and ammunition. These weapons are used for defense, home security, and others. The shoulder fired weapons market research report is one of a series of new reports from The Business Research Company that provides shoulder fired weapons market statistics, including shoulder fired weapons industry global market size, regional shares, competitors with a shoulder fired weapons market share, detailed shoulder fired weapons market segments, market trends and opportunities, and any further data you may need to thrive in the shoulder fired weapons industry. This shoulder fired weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global shoulder fired weapons market size grew from $6.52 billion in 2022 to $7.47 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shoulder fired weapons market size is expected to grow to $11.97 billion in 2027 at a CAGR of 12.5%. The increase in defense expenditures is expected to drive the shoulder-fired weapons market. The defense expenditure is increasing to remain in power and secure the position of a country. Armed forces use shoulder-fired weapons throughout the world for defense and safety. The use of shoulder-fired weapons gives a considerable advantage to troops by engaging targets without worrying about the strike's accuracy and the weapon's weight. According to the Stockholm International Peace Research Institute (SIPRI), India's military spending grew to USD 76.6 billion in 2021, a 0.9% rise over the previous year. Therefore, an increase in defense expenditure drives the shoulder-fired weapons market. The development of recoilless artillery is a key trend in the shoulder-fired weapons market. Recoilless weapons are direct-fire weapons differentiated by a method of operation in which propellant gases (or another counter-mass such as powder or liquid) are released from the back of the barrel to balance the recoil caused by the projectile's forward motion. This eliminates the bulky and inconvenient recoil-counteracting equipment of a typical cannon, allowing for a thinner-walled barrel. As a result, it is possible to launch a relatively large projectile from a platform that would otherwise be incapable of carrying the weight or recoil of a comparable-sized conventional cannon. In May 2022, Sweden's military said it would be acquiring a new sort of ammunition for a weapon it already owns, the Carl Gustaf Recoilless Rifle. Carl Gustaf belongs to a heritage of recoilless rifles with hollow tubes for large-caliber explosives that include spiral grooves in the barrel to assist the precision of the shots discharged. In November 2021, True Velocity, a US-based technology company that produces the most modern composite cased munitions, acquired LoneStar Future Weapons for $84 million. With a strategic acquisition, True Velocity is armed with an innovative approach to developing lightweight ammunition and advanced manufacturing technologies, leveraging LoneStar Future Weapons' extensive expertise in research and design, precision manufacturing, quality control, and production efficiency. LoneStar Future Weapons is a Texas-based, cutting-edge technological business dedicated to developing next-generation defense solutions. Major players in the shoulder fired weapons market are Lockheed Martin Corporation, Thales Group, Saab AB, MBDA, Raytheon Company, Rafael Advanced Defense Systems, Denel Soc Ltd., JSC SPA Bazalt, Roketsan AS, General Dynamic Corporation, AirTronic USA LLC, BAE Systems PLC, Machinery and Chemical Industry Inc., China North Industries Group Co Ltd., Rheinmetall AG, and SIATT. North America was the largest region in the shoulder fired weapons market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shoulder fired weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the shoulder fired weapons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The shoulder fired weapons market consists of sales of rocket-propellant grenade and bazooka. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global shoulder fired weapons market is segmented - 1) By Type: Guided, Unguided 2) By Component: Launcher, Ammunition 3) By Application: Defense, Home Security, Others

Light weapons refer to weapons designed for use by two or three persons serving as a crew can be carried and used by a single person. These are incendiary devices, crew-served kinetic firearms, or shoot explosive munitions. The main types of light weapons includes HMG, light cannon, MANPAT, mortar, MANPAD, grenades, missiles, launcher, ATW, and landmines. The HMG (heavy machine gun) are the weapons that can fire 500 to 1,000 rounds per minute and will keep firing as long as the trigger is pressed back, or the ammo supply is depleted. These weapons are made from materials such as steel and polymers technologies used in these weapons include guided and unguided. The main application of light weapons are in defense and homeland security. The light weapons market research report is one of a series of new reports from The Business Research Company that provides light weapons market statistics, including light weapons industry global market size, regional shares, competitors with a light weapons market share, detailed light weapons market segments, market trends and opportunities, and any further data you may need to thrive in the light weapons industry. This light weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global light weapons market size grew from $11.29 billion in 2022 to $12.58 billion in 2023, at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The light weapons market size is expected to grow to $18.39 billion in 2027 at a CAGR of 10.0%. The increase in instances of terrorist activities and conflicts and the rise in the number of illegal activities will propel the growth of the light weapons market. Terrorist acts entail the use or threat of violence to instil fear in a large number of people, not only the direct victims. Light weapons such as pistols, rifles, submachine guns, assault rifles, and light machine guns are used by law regulators to control terror activities. As terrorist activities, conflicts, and illegal activities grow, there will be an increased demand for light weapons to mitigate them. For instance, according to the Centre for Strategic and International Studies (CSIS), an American think tank, in the United States, the number of terrorist attacks increased from 1.5% to 6.4% between 2019 and 2020, which raises the security issue in a country. Thus, the increasing instances of terrorist activities and conflicts and the rise in the number of illegal activities which will contribute to the growth of the light weapons market. The evolution of technology is a key trend gaining popularity in the light weapons market. Technology is shaping how wars are fought, borders are protected, crooks are caught, and individual rights are defined. The evolution of technology has led to the development of guided weapons with a high target hit ratio, which is supported through a range of accessories. Weapon sights, night vision equipment, targeting lasers, laser rangefinders, and fire control systems are just a few examples. For instance, in November 2021, the Bangladesh Navy received the QW-18A MANPADS (Man Portable Air Defense Missile System) from China. The QW-18A MANPADS is an upgraded version of the QW-18 which offers electric-servo control actuators which will increase the guidance and flight characteristics and will offer the air defense system with improved capability against supersonic cruise missiles. In September 2020, Adani Land Defence Systems Technologies Ltd., an Indian manufacturer of defense equipment and an arm of Adani Enterprises acquired a 51% stake in PLR Systems Private Ltd for an undisclosed amount. With this acquisition of a major stake, Adani and IWI (an existing shareholder in PLR) will offer indigenously manufactured defense equipment to the army personnel and an equal number of paramilitary forces and state police forces. PLR Systems Private Limited is an Indian aerospace and defense company offering light weapons. Major players in the light weapons market are Lockheed Martin Corporation, Alliant Techsystems Inc., Rheinmetall AG, Raytheon Technologies Corporation, Thales Group, Heckler & Koch, F. N. Herstal, SAAB AB, MBDA Inc., BAE Systems plc, Rostec, Rafael Advanced Defense Systems Ltd., General Dynamics Corporation, John Cockerill (Cockerill Maintenance), Elbit Systems, Arsenal JSCo, and Indian Ordnance Factories Organization. North America was the largest region in the light weapons market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the light weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the light weapons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The light weapons market consists of sales of assault rifles, pistols, rifles, and submachine guns.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global light weapons market is segmented - 1) By Type: HMG, Light Cannon, MANPAT, Mortar, MANPAD, Grenades, Missiles, Launcher, ATW, Landmine 2) By Application: Defense, Homeland Security 3) By Technology: Guided, Unguided 4) By Materials: Steel, Polymers

Autonomous military weapons refer to automated military weapons that,  when activated, search, detect, evaluate the threat, track, and attack enemy targets based on sophisticated algorithms without further intervention by a human operator. It requires the integration of several core elements, like a mobile combat platform such as a drone aircraft, ship, or ground vehicle; various types of sensors to scrutinize the surroundings; processing systems to classify objects discovered by the sensors; and algorithms directing the platform to initiate an attack when an allowable target is detected. The main types of autonomous military weapons are autonomous and semi-autonomous. Autonomous weapons are weapons that choose and engage targets without the need for human involvement. The different products include missiles, rockets, guided bombs, target pods, and others and involve various platforms such as land, airborne, and naval. The autonomous military weapons market research report is one of a series of new reports from The Business Research Company that provides autonomous military weapons market statistics, including global market size, regional shares, competitors with an autonomous military weapons market share, detailed autonomous military weapons market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous military weapons industry. This autonomous military weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global autonomous military weapons market size will grow from $13.3 billion in 2022 to $14.68 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global autonomous military weapons market size is expected to grow to $21.81 billion in 2027 at a CAGR of 10.4%. The ability to perform dangerous tasks with precision has contributed to the growth of the autonomous military weapons market. Autonomy in weapons enables us to keep army personnel away from dangerous tasks or any imminent risk to human life. Besides this, increased reaction speed in decision making and eyes on the target will potentially increase accuracy. It has access to a larger amount of information, greater accuracy, and greater predictability for certain functions, freeing humans from dull or repetitive tasks and permitting access to environments that are inaccessible to remote control technologies. Major countries such as the USA, China, and Russia are significantly investing in artificial intelligence (AI) for weapons and are competing for superiority in this segment. For instance, Russia is investing $719 million until 2021 in AI research and development for weapons. The ability to hit the target without human involvement, along with minimizing risk to human life, increased the demand for the autonomous military weapons market. The risk posed by autonomous weapons compelled the researchers and designers to decide against manufacturing them, hampering the growth of the market. For instance, around 240 organizations involved in artificial intelligence and nearly 3,100 individuals vowed not to be involved in the development of autonomous weapon systems. The strong objection from around the world to manufacturing autonomous military weapons is a hindrance to the market's growth. IMI Systems, a state-owned weapons maker in Israel, was sold to Elbit for $522 million. IMI systems are the manufacturers of the Uzi sub-machine gun and the Galil assault rifle. It manufactures armored vehicles and also trains security agents. The deal will create a company with a heavy emphasis on research and development and whose product range will extend from IMI’s shoulder-launched missiles, precision-guided mortar munitions, and rocket-propulsion systems to Elbit’s portfolio of avionic systems, drones, and intelligence and cybertechnology. Elbit would also relocate the IMI facilities from central Israel to the southern Negev area. Major players in the autonomous military weapons market are Lockheed Martin, Boeing, Raytheon, AVIC, CASC, Rostec, Israel Aerospace Industries, Elbit Systems, Rafael, and STM. Asia-Pacific was the largest region in the autonomous military weapons market in 2022. Western Europe is expected to be the fastest-growing region in the global autonomous military weapons market during the forecast period. The regions covered in the global autonomous military weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the autonomous military weapons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The autonomous military weapons market consists of sales of auto-operated weapons such as autonomous explosives, and missiles. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global autonomous military weapons market is segmented - 1) By Type: Autonomous, Semi-autonomous 2) By Product: Missiles, Rockets, Guided Bombs, Target Pods, Others 3) By Platform: Land, Airborne, Naval

A smart weapon refers to computer-guided weapons embedded with sensors and guided systems. These precision-guided weapons can hit targets with high accuracy and precision and are operated remotely, assisted by the use of external operating systems. The main types of smart weapons include air-to-ground missiles, surface-to-air missiles, smart bombs, sensor-fused weapons, directed energy weapons, precision artillery munitions, electromagnetic pulse weapons, smart bullets, and other smart weapons. Air-to-ground missiles refer to missiles fired from military aircraft to hit ground targets on land, at sea, or both. The different smart weapon technologies include laser guidance, infrared guidance, radar guidance, and satellite guidance used on platforms including air, naval, and land. The smart weapon market research report is one of a series of new reports from The Business Research Company that provides smart weapon market statistics, including smart weapon industry global market size, regional shares, competitors with a smart weapon market share, detailed smart weapon market segments, market trends and opportunities, and any further data you may need to thrive in the smart weapon industry. This smart weapon market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global smart weapons market size grew from $13.77 billion in 2022 to $15.2 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart weapons market size is expected to grow to $21.11 billion in 2027 at a CAGR of 8.6%. The increasing global and regional instability is driving the growth of the smart weapons market. Transnational and regional instability refers to the political instability in neighboring countries. Many countries have adopted smart weapons to protect themselves from rising regional instability and to protect themselves from threats by neighboring countries. For instance, according to the Global Peace Index from the Institute for Economics & Peace (IEP), in 2020 political instability increased, with twice as many countries deteriorating as improving. The economic impact of violence increased in 2020 to $14.96 trillion due to an increase in global military expenditure, which rose by 3.7% over the previous year. Therefore, the increasing transnational and regional instability drives the smart weapons market. Increasing strategic partnerships and collaborations is a key trend gaining popularity in the smart weapons market. For instance, in February 2021, German automotive and arms manufacturer Rheinmetall Denel Munition and American aerospace and defense technology company Northrop Grumman signed a ten-year deal to develop ammunition technologies for future artillery operations. By equipping 155mm artillery rounds with an integrated M1156 precision guidance kit, the agreement focuses on precision-guided enhanced range artillery ammunition solutions (PGK). In July 2020, UK-based aerospace company BAE Systems acquired the Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation for an undisclosed amount. The deal augments BAE Systems’ existing electronic systems portfolio through the addition of robust GPS anti-jamming and anti-spoofing technology that enables reliable navigation and guidance for a range of defense missions. Raytheon Technologies Corporation is a US-based aerospace and defense company. Major players in the smart weapons market are Lockheed Martin, MBDA, Inc., Orbital ATK, General Dynamics Corporation, BAE Systems, The Boeing Co., Textron, Inc., MBDA, Northrop Grumman, Raytheon Company, Rheinmetall AG, Thales Group, Israel Aerospace Industries, Denel Dynamics, Rafael Advanced Defense Systems Ltd. BAE Systems, L-3 Fuzing And Ordnance Systems Inc., L3Harris Technologies Inc., Alliant Techsystems Inc., Airbus Group, Leonardo-Finmeccanica, Saab AB, Aselsan A.S., Diehl Stiftung & Co. KG, General Dynamics, OTO Melara S.P.A, United Technologies Corporation, China Aerospace Science & Industry Corp, Orbital ATK, Textron Inc., IAI, and Rafael Advanced Defense Systems Ltd. North America was the largest region in the smart weapons market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the smart weapon market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart weapons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart weapon market consists of sales of precision-guided bombs, guided bullets, and smart land mines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global smart weapons market is segmented - 1) By Type: Air-to-ground Missiles, Surface-to-air Missiles, Smart Bombs, Sensor Fused Weapons, Directed Energy Weapons, Precision Artillery Munitions, Electromagnetic Pulse Weapons, Smart Bullets, Other Smart Weapons 2) By Platform: Air, Naval, Land 3) By Technology: Laser Guidance, Infrared Guidance, Radar Guidance, Satellite Guidance

The aerial imaging refer to pictures or images captured from an airborne craft. Cameras are attached to airborne crafts such as helicopters, parachutes, aircraft, kites, unmanned aerial vehicles (UAVs), balloons, and more to help with assessing risk mitigation, resource planning, engineering, and others. The main types of imaging in aerial imaging market are vertical imaging and oblique imaging. The vertical aerial imaging captured from the aerial vehicle whose camera axis is directed towards the ground as vertically as possible. Vertical photographs are often used to create orthophotos, alternatively known as orthophoto maps, photographs that have been geometrically corrected to be usable as a map. The platform are fixed wing aircraft, helicopter, UAV and drone and others and end-users are government, energy, military and defense, agriculture and forestry, archaeology and civil engineering, oil and gas and others. Aerial imaging have application in geospatial mapping, infrastructure planning, asset inventory management, environmental monitoring, national and urban mapping, surveillance and monitoring, disaster management and other applications. The aerial imaging market research report is one of a series of new reports from The Business Research Company that provides aerial imaging market statistics, including aerial imaging industry global market size, regional shares, competitors with an aerial imaging market share, detailed aerial imaging market segments, market trends and opportunities, and any further data you may need to thrive in the aerial imaging industry. This aerial imaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global aerial imaging market size grew from $3.02 billion in 2022 to $3.45 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The aerial imaging market size is expected to grow to $5.98 billion in 2027 at a CAGR of 14.7%. Growing incidents of natural disasters are expected to propel the growth of the aerial imaging market. Natural disasters are sudden and terrible events in nature changes such as a hurricane, tornado, or flood mainly due to climate that usually results in serious damage and many deaths. Aerial imaging helps to take prompt on-ground action, much faster than manual detection, analysis, and action to reduce further damages while reducing response time. Due to growing incidents of natural disasters, there will be an increasing demand for aerial imaging solutions to manage the situations. For instance, according to the World Economic Forum, in the past 20 years, 7,348 disasters are recorded that took 1.23 million lives. China alone reported 577 disasters, followed by the US with 467, and India with 321 respectively. In 2021, the Assam earthquake was a major natural disaster in India that occurred in April 2021 which resulted in 2 deaths and injuries of 12-13 people and lots of property damage. Thus, the growing incidents of natural disasters are expected to contribute to the growth of the aerial imaging market. The launch of new technology is a key trend gaining popularity in the aerial imaging market. Technological advancements in aerial imaging include the launch of drones with advanced functions and features such as supporting apps, advanced photo/video capabilities, better transmission, reduced weight, improved sensors, and more. Major companies operating in the aerial imaging market are focused on offering technological advancements in aerial imaging to gain a competitive edge and strengthen their position in the market. For instance, in November 2020, DJI, a Chinese technology company launched the DJI Mini 2 drone with the DJI Fly app. This drone can record up to 4K/30p video, capture Raw+JPEG files, and features DJI's robust OcuSync 2.0 transmission technology instead of relying on Wi-Fi. Additional features include a low weight of 249g, 1/2.3" CMOS image sensor, 31-minute flight time, and others. The DJI Fly app includes a slick, pared-down, and intuitive interface. In November 2020, Cooper Aerial Surveys Co, a US-based multi-disciplinary aerial photography & mapping company acquired Nor East Mapping Inc. for an undisclosed amount. With this acquisition, Cooper Aerial Surveys Co will enhance the product improvement and quality deliverables to customers while continuing to offer services to the Northeast market. Nor East Mapping Inc. is a US-based aerial photography mapping company. Major players in the aerial imaging market are Digital Aerial Solutions LLC, Airobotics, Cooper Aerial Surveys Co, EagleView Technologies Inc., Fugro NV, GeoVantage Inc., Kucera International Inc., Landiscor Real Estate Mapping, Nearmap Ltd., High Eye Aerial Imaging, Sky-Watch A/S, NRC Group ASA and Blom Norway AS. North America was the largest region in the aerial imaging market in 2022. The regions covered in the aerial imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aerial imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The aerial imagining market consists of revenues earned by entities by providing aerial imaging solutions such as LiDAR technology and photogrammetry for aerial survey scans of terrain to provide actionable data that can be analyzed to enhance security systems and to perform a specific task. The market value includes the value of related goods sold by the service provider or included within the service offering. The aerial imaging market also includes sales of aerial vehicles such as helicopters, satellites, planes, and UAVs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerial imaging market is segmented - 1) By Imaging Type: Vertical Imaging, Oblique Imaging 2) By Platform: Fixed Wing Aircraft, Helicopter, UAV And Drone, Other Platform 3) By End-Use: Government, Energy, Military And Defense, Agriculture And Forestry, Archaeology And Civil Engineering, Oil And Gas, Other End-Users 4) By Application: Geospatial Mapping, Infrastructure Planning, Asset Inventory Management, Environmental Monitoring, National And Urban Mapping, Surveillance And Monitoring, Disaster Management, Other Applications

Aerospace is the design and manufacture of aircraft, rockets, missiles, and spacecrafts that operate in the space. Defense equipment refers to weapons, arms and equipment that are used for military purposes. The main aerospace and defense types are aerospace and defense. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. The aircraft are operated through autonomous and manual modes. The different components include weapon systems, fire control systems, command and control systems, and others. The aerospace and defense market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense market statistics, including aerospace and defense industry global market size, regional shares, competitors with an aerospace and defense market share, detailed aerospace and defense market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense industry. This aerospace and defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global aerospace & defense market grew from $795.92 billion in 2022 to $855.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace & defense market is expected to grow to $1076.56 billion in 2027 at a CAGR of 5.9%. During the forecast period, developed countries will experience low interest rates as monetary authorities are reducing interest rates to stimulate economic growth and prevent deflation. This led to the flow of cheap money for investment in these economies. Low interest rates encouraged borrowing for investment and helped drive spending. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. Major countries that had low-interest rates in the historic period included the USA, Germany, and Japan. Low interest rates will boost the growth of the aerospace and defense markets in the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the aerospace and defense market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the aerospace & defense market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. 8K video capture technology is being integrated with drones to enhance the picture and video quality captured by these aircraft. 8K technology offers greater horizontal display resolution and offers images that show more details than standard HD. 8K cameras integrated with drones offer higher precision and provide high-resolution footage in autonomous flights. For instance, Autel is offering its EVO series of drones with 8K cameras. Major companies in the aerospace & defense market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, General Dynamics, General Electric Company, and Safran SA. North America was the largest region in aerospace & defense market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace and defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace & defense market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The aerospace and defense market consists of sales of aircraft, aircraft components, weapons, artillery tanks, and radar equipment for aerospace and defense purposes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace and defense market is segmented - 1) By Type: Aerospace, Defense 2)By Operation: Autonomous, Manual 3) By Component: Weapon System, Fire Control System, Command and Control System, Others Subsegments Covered: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment, Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment