Market Share of Smart Weapons Industry
The smart weapons market is fragmented in nature, with various players holding significant shares in the market. Some prominent market players are General Dynamics Corporation, IAI, Lockheed Martin Corporation, Northrop Grumman Corporation, and The Boeing Company, amongst others.
The key players in the market are focusing on the development of advanced smart weapons systems, which will be used by various defense personnel around the world to carry out their military operations. Moreover, growing expenditure on research and development towards manufacturing advanced smart weapon systems will lead to creating better opportunities in the near future. Various manufacturers are now currently integrating technologies such as fingerprint recognition which will prevent accidental use and misuse of such weapons, and this is expected to support the growth of the smart weapons market during the forecast period.
Smart Weapons Market Leaders
General Dynamics Corporation
The Boeing Company
Lockheed Martin Corporation
Northrop Grumman Corporation
IAI
*Disclaimer: Major Players sorted in no particular order
