Precision Guided Munition Global Market Report 2023 – By Product (Tactical Missiles, Guided Rockets, Guided Ammunition, Torpedoes, Loitering Munitions), By Technology (Infrared, Semi Active Laser, Inertial Navigation System (INS), Global Positioning System (GPS), Radar Homing, Anti-Radiation), By Launch Platform (Land, Airborne, Naval), By Mode of Operation (Semi-Autonomous, Autonomous), By Speed (Subsonic, Supersonic, Hypersonic) – Market Size, Trends, And Global Forecast 2023-2032

The ammunition refer to materials such as bullets, rockets, bombs, shrapnel, or shells that are fired, scattered, dropped, or detonated from any weapons. Ammunition comes in a range of types and sizes that are often designed to work only in specific weapon systems. Ammunition is a disposable weapon as well as the components of other weapons that produce the effect on a target. The main products of ammunition include bullets, aerial bombs, grenades, artillery shells, and mortars. Bullets refer to the kinetic projectile, a part of firearm ammunition that is shot from a gun barrel. Bullets are made of different materials such as lead, copper, steel, polymer, wax, and rubber. The small, medium, large, and other caliber ammunitions are used in equipment with a different operating mechanism which includes a non-guided and guided mechanism. They are used for both defense and civil & commercial applications. The global ammunition market is segmented - 1) By Product: Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars 2) By Caliber: Small, Medium, Large, Other Calibers 3) By Guidance Mechanism: Non-guided, Guided 4) By Application: Defense, Less-lethal The global ammunition market size grew from $25.6 billion in 2022 to $27.48 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 ammunition market size is expected to grow to $34.94 billion in 2027 at a CAGR of 6.2%. The growing personal safety concerns and increasing shooting ranges are propelling the growth of the ammunition market. The increasing terrorist activities, mass shootings, increasing gangster activities, and increasing awareness for self-defense are the main reasons for the growing personal safety concerns while the rising awareness about the safe use of guns is the main reason for increasing shooting ranges. These growing personal safety concerns and increasing shooting ranges have led to the increased procurement of small caliber ammo for personnel safety. For instance, according to a survey commissioned in June 2021 by a nonpartisan American think tank the Pew Research Center, 44% of Republicans and Republican-leaning independents personally own a gun, compared with 20% of Democrats and Democratic leaners. 39% of the men own a gun, compared with 22% of women. In addition, 41% of adults in rural areas own a firearm, compared to about 29% of those in the suburbs and 2 in 10 in cities. The leading reason for owning a gun and firearm was personal safety or protection. Therefore, increasing prevalence of increasing personal safety concerns and increasing shooting ranges is expected to boost demand for ammunition during the forecast period. Major players in the ammunition market are Northrop Grumman Corporation, General Dynamics Corporation, CBC Global Ammunition, Olin Corporation, Ruag Ammotec, BAE Systems, Thales Group, Rheinmetall AG, Nexter KNDS Group, Elbit Systems, Nammo AS, Ammo Inc., Indian Ordnance Factories, Saab AB, Hanwha Corporation, and Arsenal JSCo. The R&D activity to develop advanced ammunition is a key trend in the ammunition market. Key players and related stakeholders are increasingly focusing on research and development activities to advance the ammunition. The rising incidences of armed international conflicts have directed several countries to enhance their military strengths through the procurement of advanced ammunition and equipment. As a result of this, the defense expenditure for ammunition procurement and R&D activities has increased significantly across the globe over the past few years. For instance, in April 2021, Lonestar Future Weapons, a US-based advanced technology company focused on the manufacture of next-generation defense solutions formed a strategic alliance with a US-based manufacturer of composite-cased ammunition True Velocity to create synergy by utilizing the expertise of both companies in R&D, precision manufacturing, quality control, and production efficiency. The alliance will focus on the research and development of next-generation weapons and ammunition solutions. In October 2020, Vista Outdoor Inc., a US-based shooting sports company acquired certain assets and intellectual property related to the ammunition and accessories businesses of Remington Outdoor Company for $81.4 million. This acquisition enables Vista Outdoor to utilize the collective scale, manufacturing infrastructure, distribution channels, and other expertise of both companies to offer Remington products to more customers. Remington Outdoor Company is a US-based company manufacturing firearms and ammunition. North America was the largest region in the ammunition market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ammunition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ammunition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The ammunition market consists of sales of ammunition components such as primers, cartridge cases and propellant powders. 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 ammunition market research report is one of a series of new reports from The Business Research Company that provides ammunition market statistics, including ammunition industry global market size, regional shares, competitors with an ammunition market share, detailed ammunition market segments, ammunition market trends and opportunities, and any further data you may need to thrive in the ammunition industry. This ammunition 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.

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 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 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 market size of global autonomous military weapons 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 growth of the autonomous military weapons market. Major players in the autonomous military weapons market are Lockheed Martin, Boeing, Raytheon, AVIC, CASC, Rostec, Israel Aerospace Industries, Elbit Systems, Rafael, and STM. 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. 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 autonomous military weapons market share during the forecast period. The regions covered in the global autonomous military weapons market analysis 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 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 laser weapon systems refer to directed-energy weapons based on lasers. The laser weapon system generates high-energy pulses, that enable an impact on the target. This type of weapon works on the principle of light amplification through stimulated radiation emission (LASER). The main types of products in laser weapons systems are laser designator, LIDAR, 3D laser scanning, laser range finder, ring laser gyro, and laser altimeter. Laser designator is a type of laser weapons system that allows laser designation or surveillance squad to target the designation of laser-guided munitions. The different technologies include solid-state laser, chemical laser, free-electron laser, chemical oxygen-iodine laser, tactical high energy laser, others and is used in air-based, ground-based, and sea-based operations. The global laser weapon systems market is segmented – 1) By Product: Laser Designator, LIDAR, 3D Laser Scanning, Laser Range Finder, Ring Laser Gyro, Laser Altimeter 2) By Technology: Solid State Laser, Chemical Laser, Free Electron Laser, Chemical Oxygen Iodine laser, Tactical High energy laser, Others 3) By Application: Air Based, Ground Based, Sea Based The global laser weapon systems market size grew from $5.59 billion in 2022 to $6.47 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. 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 market size of global laser weapon systems is expected to grow to $11 billion in 2027at a CAGR of 14.2%. The increasing investment in military and defense is expected to contribute to the growth of the laser weapon systems market in the coming years. Air-based laser weapon systems provide flexibility and accuracy for self-protection against aircraft, missiles, and ground-based weapons in the military and defense sectors. For instance, according to the Stockholm International Peace Research Institute, global military spending rose to $1981 billion in 2020, a 2.6% increase from 2019. Furthermore, in April 2021, the US Air Force granted a $15.5 million deal for Raytheon Technologies, a US-based aerospace and defense company to develop an enhanced version of a dune buggy-mounted laser weapon system. Therefore, the increase in investments in military and defense propels the market for laser weapon systems market. Major players in the laser weapon systems market are Applied Technology Associates, Boeing, Elbit Systems Ltd., General Atomics, BAE Systems, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Thales Group, Kratos, Leidos, Leonardo SpA, and Rafael Advanced Defense Systems. The increasing research and development activities in laser weapons are shaping the laser weapon systems market. With growing defense budgets and research grants, militaries around the world are using high-energy laser equipment and investing heavily in research and development. For instance, in May 2021, the US military began research on a prototype laser weapon for short-range air defense, which is a 50-kilowatt high-energy laser mounted on an identifiable position of a Stryker A1 vehicle to lock, track and destroy air threats. In June 2022, Lumibird, a France-based laser technology company acquired laser rangefinder business from Saab for an undisclosed amount. With this acquisition, Lumibird will broaden its portfolio in the European market with a wider range of rangefinders and laser systems. Saab is a Sweden-based firm that designs advanced systems across sectors such as aeronautics, weapons, underwater, command, and control. North America was the largest region in the laser weapon systems market in 2022. North America is expected to be the fastest-growing region in the laser weapon systems market share during the forecast period. The regions covered in the laser weapon systems market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the laser weapon systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The laser weapon systems market consists of sales of high energy laser weapon systems, and high-powered microwaves. 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 laser weapon systems market research report is one of a series of new reports from The Business Research Company that provides laser weapon systems market statistics, including laser weapon systems industry global market size, regional shares, competitors with a laser weapon systems market share, detailed laser weapon systems market segments, market trends and opportunities, and any further data you may need to thrive in the laser weapon systems industry. This laser weapon systems 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.

Precision medicine refers to a type of medication that prevents, detects, or treats disease using knowledge about a person's own genes or proteins. In order to choose a treatment that may be most effective for a person, precision medicine considers their genetics, environment, and lifestyle. The main technologies involved in precision medicine are bioinformatics, big data analytics, drug discovery, gene sequencing, companion diagnostics, and others. Bioinformatics technologies involve the application of computational tools to organize, analyze, understand, visualize and store information associated with biological macromolecules. It is used in oncology, respiratory diseases, central nervous disorders, immunology, genetic diseases, others and is implemented in various sectors such as hospitals and clinics, pharmaceuticals, diagnostic companies, healthcare, and IT firms, among others. The global precision medicine market is segmented - 1) By Technology: Big Data Analytics, Bioinformatics, Gene Sequencing, Drug Discovery, Companion Diagnostics, Other Technologies 2) By Application: Oncology, Respiratory Diseases, Central Nervous System Disorders, Immunology, Genetic Diseases, Other Applications 3) By End-User: Hospitals And Clinics, Pharmaceuticals, Diagnostic Companies, Healthcare And IT Firms, Other End-Users The global precision medicine market size will grow from $83.43 billion in 2022 to $95 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. 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 medicine market size is expected to grow to $157.26 billion in 2027 at a CAGR of 13.4%. The rising prevalence of cancer is projected to fuel the growth of the precision medicine market in the coming years. Cancer is one of the main causes of death worldwide, with one out of every five individuals developing cancer at some point in their lives. Precision medicine in cancer entails analyzing DNA from tumors to find mutations or other genetic abnormalities that cause cancer. Physicians may therefore be able to choose a treatment for a specific patient's cancer that best fits, or targets, the tumor DNA alterations. For instance, according to recent predictions from the International Agency for Research on Cancer (IARC), the global cancer burden increased to 19.3 million cases and 10 million cancer deaths in 2020. Therefore, the rising prevalence of cancer drives the growth of the precision medicine market. Major players in the precision medicine market are Qiagen, Novartis AG, Medtronic, AstraZeneca plc., Quest Diagnostics, Thermo Fisher Scientific Inc., Pfizer, Bristol-Myers Squibb, Merck & Co. Inc., Tepnel Pharma Services, Abbott Laboratories, Takeda Pharmaceutical Company Ltd., and Eli Lilly and Company. The development of novel precision medicine for pancreatic cancer is shaping the precision medicine market. Extensive research is being undertaken on different approaches to develop precision medicines for pancreatic cancer. For instance, in October 2020, Scientists from the University of Glasgow announced the development of a novel precision medicine approach for treating the damaged DNA in the cancer cells of pancreatic cancer patients. The team used grown cells from the lab, and replicas of patients' tumors, to find molecular markers, which were used in the prediction and response to several drugs, targeting DNA damage. The researchers tested certain markers using multiple drugs, also developed a strategy that is taken forward into a clinical trial. The trial will help doctors and researchers to predict which patient will respond to one of these drugs, either alone or in combination. In April 2021, Servier Laboratories, a France-based pharmaceutical company acquired Agios Pharmaceuticals Inc.,’s commercial, clinical, and research-stage oncology portfolio for an undisclosed amount. The acquisition of Servier Laboratories is focused on strengthening its commercial presence in the malignant technology market and provides the potential for long-term growth into the solid tumor space. The transaction includes marketed oncology precision medicine in malignant technology, clinical oncology pipeline with multiple early-stage and phase-3 assets. Agios Pharmaceuticals is a US-based company focused on developing small-molecule anti-cancer therapeutics targeting cancer cell metabolism via the growth factor pathway. North America was the largest region in the precision medicine market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precision medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the precision medicine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The precision medicine market consists of sales of imatinib, personalized medicine, and individualized medicine. 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 precision medicine market research report is one of a series of new reports from The Business Research Company that provides precision medicine market statistics, including precision medicine industry global market size, regional shares, competitors with a precision medicine market share, detailed precision medicine market segments, market trends and opportunities, and any further data you may need to thrive in the precision medicine industry. This precision medicine 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.

Precision farming refers to a model of farm management that focuses on the process of observing, quantifying, and reacting to numerous intra-and inter-field variable inputs for contemporary agriculture. It is used to increase food production while utilising fewer resources and paying less for labour. The main types offerings in precision farming are hardware, software and services. Hardware refers to physical parts or delivery systems that store and execute the software's written instructions. It refers to the hardware tools that are used in digital farming to improve the use of resources and showcase the products in various structures. Hardware tools that are extensively used in precision farming are automation and control systems, drones, application control devices, guidance system, GPS, GIS, remote sensors, satellite sensors, driverless tractors, and mobile devices. The different technologies include guidance technology, remote sensing technology, and variable rate application, that are applied in yield monitoring, field mapping, crop scouting, weather tracking and forecasting, irrigation management, inventory management, farm labour management, and others. The global precision farming market is segmented - 1) By Offering: Hardware, Software, Services 2) By Technology: Guidance Technology, Remote Sensing Technology, Variable Rate Application 3) By Application: Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, Farm Labor Management, Other Applications The global precision farming market size will grow from $6.8 billion in 2022 to $7.9 billion in 2023 at a compound annual growth rate (CAGR) of 16.1%. 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 farming market size is expected to grow to $13.68 billion in 2027 at a CAGR of 14.7%. The growing demand for food is expected to propel the growth of the precision farming market going forward. Food refers to the substance comprising all essential nutrients such as protein, carbohydrates, fat, and others used in the body of an organism to sustain growth. Food demand is growing due to population expansion and economic development. Precision farming is the advanced method of agriculture that observes, measures, and analyzes the needs of individual fields and crops through the use of technology, thereby producing a much higher yield. For instance, in August 2022, according to a report published by the Committee for the Common Organisation of Agricultural, a European-based commission agricultural committee, the world wheat production in the year 2019/20 was 760.7 million tonnes which were projected to reach 778 million tonnes in 2022/23. Therefore, increasing demand for food and its production will drive the growth of the precision farming market. Major players in the precision farming market are Deere and Company, Trimble Inc., AGCO Corporation, AgJunction Inc., Raven Industries Inc., AG Leader Technology, Teejet Technologies Private Limited, Topcon Positioning Systems, DICKEY-john Corporation, CropMetrics LLC, Monsanto Company, CropX Technologies Ltd., Agribotix, AgEagle Aerial Systems Inc., Granular Inc., Hexagon Agriculture, ClearAg Operations, AgSmarts Inc., Intelligent Agricultural Solutions LLC, and Grownetics Inc. Technological advancements are a key trend gaining popularity in the precision farming market. Advanced precision technology innovation is cantered on sustainable agriculture and healthy food production, and it includes profitability, increased production, economic efficiency, and reduced environmental adverse effects. Major companies operating in the precision farming market are focused on developing advanced technologies to sustain their position in the market. For instance, in April 2022, JCB, a UK-based equipment manufacturer for construction, agriculture, waste handling, and demolition, launched their new Fastrac iCON tractor with integrated precision technology to be used in the precision farming applications. The unique features include Universal Terminal, AUX-N capabilities, and simple task control (TC-BAS). Integrated GPS uses the JCB interface and NOVATEL Smart-7 receiver and comes equipped with hardware-controlled DAB radio and Bluetooth connectivity. Additionally, it includes iCONFIGURE, iCONNECT, and iCONTROL for high performance and unprecedented operator choice. In May 2022, IDEX Corporation, a US-based manufacturer of fluidics systems and specialty engineered products, acquired KZValve for an undisclosed amount. With this acquisition, IDEX Corporation is expected to enhance its capability to deliver essential solutions for industrial and agricultural applications. KZValve is a US-based manufacturer of a variety of precision farming components, including waterproof motorized valves, manifolds, controllers, and other accessories. North America was the largest region in the precision farming market in 2022. The regions covered in the precision farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the precision farming market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The precision farming market consists of revenues earned by entities by providing precision farming services such as hyperspectral imaging, detection and diagnostics of disease, controlling weeds and pests, preventing soil degradation, efficient use of land, soil sampling, and soil mapping. The market value includes the value of related goods sold by the service provider or included within the service offering. 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 precision farming market research report is one of a series of new reports from The Business Research Company that provides precision farming market statistics, including precision farming industry global market size, regional shares, competitors with a precision farming market share, detailed precision farming market segments, market trends and opportunities, and any further data you may need to thrive in the precision farming industry. This precision farming 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.

A smart weapons 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 weapons technologies include laser guidance, infrared guidance, radar guidance, and satellite guidance used on platforms including air, naval, and land. 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 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 market size of smart weapons 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. 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. 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. 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 weapons market analysis 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 weapons 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 smart weapons market research report is one of a series of new reports from The Business Research Company that provides smart weapons market statistics, including smart weapons industry, global smart weapons market size, regional shares, competitors with a smart weapons market share, detailed smart weapons market segments, market trends and opportunities, and any further data you may need to thrive in the smart weapons industry. This smart 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 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 global shoulder fired weapons market is segmented – 1) By Type: Guided, Unguided 2) By Component: Launcher, Ammunition 3) By Application: Defense, Home Security, Others 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 market size of the global shoulder fired weapons 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. 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. 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. 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 analysis 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 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.

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 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 The global aerospace & defense market size will grow 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 market size of aerospace & defense 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. 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. 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. 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 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.