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SYS-CON MEDIA Authors: Liz McMillan, Esmeralda Swartz, Hovhannes Avoyan, Elizabeth White, Adrian Bridgwater

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Concise Analysis of the International Smart Weapons Market - Forecasts to 2018

 

DUBLIN, Mar. 04, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/hrwjkv/smart_weapons) has announced the addition of the "Concise Analysis of the International Smart Weapons Market - Forecasts to 2018" report to their offering.

(Logo:http://photos.prnewswire.com/prnh/20130307/600769)

The nature of warfare has changed drastically since 9/11. The threats faced are uncertain; the battlefield is often the urban environment and population centers; and the enemy is tactically innovative, highly networked, and intelligent, which defeats the conventional superiority that the armed forces possess. Present-day technological advances have, however, allowed the capability to face the enemy in an efficient and effective manner. One such advancement is in the area of smart weapons technology.

Recent conflicts across the globe have emphasized the need for precision attacks and stand-off surgical strikes. There is an imperative need to avoid collateral damage and at the same time to provide combatant commanders with an efficient fire power capability that could create an immediate positive effect on the battlefield. These needs are met by smart weapons, which are increasingly being taken into the inventory of the armed forces. Given the need for such systems, the demand is expected to increase during and after the forecasted period.

Smart weapons range from precision-guided artillery rounds and precision-guided bombs to precision-guided stand-off missiles. Anti-armor weapons comprise of anti-tank and anti-structure missiles. Lately, multi-mission capable missiles, which could be used in a variety of operational capabilities, are widely developed and produced; thus reducing logistics and providing single, easy-to-use solutions for a variety of missions. Guided munitions are bombs that are fitted with any one of the following guidance systems, such as the inertial navigation system, global positioning system, laser beam guidance, terrain mapping, radar guidance, infrared imaging, and video guidance systems.

These guidance systems can be used solely or in combination with two different guidance mechanisms, thus creating a hybrid navigation system that helps in improving all weather targeting and attacking capabilities for war fighters. JDAM (Joint Direct Attack Munition) by The Boeing Company, Paveway by Raytheon, and AASM by Sagem of France are a couple of widely procured and proven guided munitions. The demand for precision/surgical strikes has led to an increased demand for these systems, and western companies who dominate this market are expected to strengthen their market position across the globe in the coming decade or at least until a credible domestic capability is built by the procuring nations.


Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Market Dynamics

5 Trend Analysis

6 Global Smart Weapons Market

7 Competitive Landscape

8 Company Profiles

Companies Mentioned:

  • Alliant Techsystems, Inc (ATK)
  • Bae Systems
  • Boeing
  • Denel Dynamics
  • General Dynamics
  • Israel Aerospace Industries
  • Kongsberg Defence Systems
  • L- Fuzing And Ordnance Systems, Inc
  • Lockheed Martin Corporation
  • MBDA
  • Nexter Group
  • OTO Melara SPA
  • Qinetiq Group PLC
  • Rafael Advanced Defense Systems Ltd
  • Raytheon Company
  • Rheinmetall AG
  • Textron Defense Systems


For more information visit http://www.researchandmarkets.com/research/hrwjkv/smart_weapons

Media Contact: Laura Wood , +353-1-481-1716, [email protected]

 

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