The weapons industry comprises establishments primarily engaged in manufacturing small arms, explosives, rockets, and mortars, artillery and non-gun powder weapons.
The global weapons market was valued at $400 billion in 2017. Asia Pacific was the largest geographic region accounting for $130.3 billion or 32.6% of the global market. The USA was the largest country accounting for $80.6 billion or 20.2% of the global weapons market.
Smart weapons are in demand because of their precise and automated features. Smart weapons are the missiles and bombs equipped with terminal or satellite guided system with cameras and tracking systems. Such weapons have authorization systems and reduces collateral damage. For instance, Agni 5 is India's intercontinental surface-to-surface nuclear capable ballistic missile.
Companies Covered: Finmeccanica, United Technologies Corporation, Airbus Group, General Dynamics, Northrop Grumman
Market Segments Included: Small Arms Markets; Explosives, Rockets, And Mortars; Artillery; Non-Gun Powder Weapons
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