Global Smart Bullets will become US$955.4 mn by the end of the forecast period in 2025 at a healthy CAGR of 15.20% between 2017 and 2025 : Major Insights Defense and Security : Lockheed Martin Corp., The Raytheon Co., Thales Group, BAE Systems Plc

Press Release – 01 Feb 2019
Research and Development News --
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Latest Update "Smart Bullets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" with Industries Survey | Global Current Growth and Future.
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“Global Smart Bullets Market: Overview”
A smart bullet not only follows the route of the target but also sends data, changes its speed, and turns according to it. Smart bullets exhibit various features such as better lethality with aim point range. They are also effective against moving targets. Increase in the demand of smart bullets in several developing countries such as India, China, Brazil and Argentina among others is expected to boost the market during the forecast period. The smart bullets market is dominated by North America due to the focus of the U.S. government for the incorporation of the technologically advanced weapons to its weapon list. In addition, the U.S. government is also the major customer of smart bullets in both global as well as North America.

Global Smart Bullets will become US$955.4 mn by the end of the forecast period in 2025 at a healthy CAGR of 15.20% between 2017 and 2025 : Major Insights Defense and Security : Lockheed Martin Corp., The Raytheon Co., Thales Group, BAE Systems Plc
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One of the major factor fueling the market for the smart bullets is increase in the budget of defense in several countries such as China, India, France, U.S. and U.K. among others. In February 2017, U.S. government boosted their defense spending by approx. USD 54 Million. This budget will help the law enforcement to keep the terrorists out of the country. In February 2017, Indian government announced to increase their defense budget by 6.2%. This budget includes to buy new equipment, aircrafts, weapons, army vehicles and naval warships among others. In March 2017, Chinese government announced to boost the military spending by 7% which in turn boost the market for the smart bullets in the coming years in Asia Pacific as well as globally. This will help the country to be a step closer to become the supreme power globally.

“Global Smart Bullets Market: Segmentation”
Guided smart bullets and self-guided smart bullets are the various product types of the smart bullets market. In 2016, guided smart bullets market is estimated to be the largest market followed by self-guided smart bullets market and expected to be the same during the forecast period of 2017 – 2025. Increase in the criminal activities is one of the major factor fueling the market for smart bullets in some of the major countries such as the U.S. among others during the forecast period.
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Companies Mentioned in the Report
The major company in the global smart bullets market are Lockheed Martin Corporation (United States), The Raytheon Company (United States), BAE Systems PLC. (United States), General Dynamics Corporation (United States), Thales Group (France), Northrop Grumman Corporation (United States), Harris Corporation (United States), Boeing Company (United States), Taser International, Inc. (United States) and Textron Defense Systems (United States).

The segments covered in the global Smart bullets market are as follows:

By Product Type
- Guided Smart Bullets
- Self-guided Smart Bullets

By End User
- Airborne
- Land
- Naval

By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Russia
- France
- Germany
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East and Africa
- Latin America
- Brazil
- Rest of Latin America

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