Smart Bullets Market By Caliber, By Component, By Application, By Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: SMART BULLETS MARKET, BY CALIBER
4.1 Overview
4.1.1 Market size and forecast
4.2 Less than 0.50 Caliber
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 More than 0.50 Caliber
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: SMART BULLETS MARKET, BY COMPONENT
5.1 Overview
5.1.1 Market size and forecast
5.2 Actuator
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Sensors
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Microchips
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country

CHAPTER 6: SMART BULLETS MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Airborne
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Land
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Naval
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country

CHAPTER 7: SMART BULLETS MARKET, BY TYPE
7.1 Overview
7.1.1 Market size and forecast
7.2 Guided
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Self Guided
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country

CHAPTER 8: SMART BULLETS MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Caliber
8.2.3 North America Market size and forecast, by Component
8.2.4 North America Market size and forecast, by Application
8.2.5 North America Market size and forecast, by Type
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Caliber
8.2.6.1.2 Market size and forecast, by Component
8.2.6.1.3 Market size and forecast, by Application
8.2.6.1.4 Market size and forecast, by Type
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Caliber
8.2.6.2.2 Market size and forecast, by Component
8.2.6.2.3 Market size and forecast, by Application
8.2.6.2.4 Market size and forecast, by Type
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Caliber
8.2.6.3.2 Market size and forecast, by Component
8.2.6.3.3 Market size and forecast, by Application
8.2.6.3.4 Market size and forecast, by Type
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Caliber
8.3.3 Europe Market size and forecast, by Component
8.3.4 Europe Market size and forecast, by Application
8.3.5 Europe Market size and forecast, by Type
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Caliber
8.3.6.1.2 Market size and forecast, by Component
8.3.6.1.3 Market size and forecast, by Application
8.3.6.1.4 Market size and forecast, by Type
8.3.6.2 France
8.3.6.2.1 Market size and forecast, by Caliber
8.3.6.2.2 Market size and forecast, by Component
8.3.6.2.3 Market size and forecast, by Application
8.3.6.2.4 Market size and forecast, by Type
8.3.6.3 Russia
8.3.6.3.1 Market size and forecast, by Caliber
8.3.6.3.2 Market size and forecast, by Component
8.3.6.3.3 Market size and forecast, by Application
8.3.6.3.4 Market size and forecast, by Type
8.3.6.4 Netherlands
8.3.6.4.1 Market size and forecast, by Caliber
8.3.6.4.2 Market size and forecast, by Component
8.3.6.4.3 Market size and forecast, by Application
8.3.6.4.4 Market size and forecast, by Type
8.3.6.5 UK
8.3.6.5.1 Market size and forecast, by Caliber
8.3.6.5.2 Market size and forecast, by Component
8.3.6.5.3 Market size and forecast, by Application
8.3.6.5.4 Market size and forecast, by Type
8.3.6.6 Poland
8.3.6.6.1 Market size and forecast, by Caliber
8.3.6.6.2 Market size and forecast, by Component
8.3.6.6.3 Market size and forecast, by Application
8.3.6.6.4 Market size and forecast, by Type
8.3.6.7 Spain
8.3.6.7.1 Market size and forecast, by Caliber
8.3.6.7.2 Market size and forecast, by Component
8.3.6.7.3 Market size and forecast, by Application
8.3.6.7.4 Market size and forecast, by Type
8.3.6.8 Rest of Europe
8.3.6.8.1 Market size and forecast, by Caliber
8.3.6.8.2 Market size and forecast, by Component
8.3.6.8.3 Market size and forecast, by Application
8.3.6.8.4 Market size and forecast, by Type
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Caliber
8.4.3 Asia-Pacific Market size and forecast, by Component
8.4.4 Asia-Pacific Market size and forecast, by Application
8.4.5 Asia-Pacific Market size and forecast, by Type
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Caliber
8.4.6.1.2 Market size and forecast, by Component
8.4.6.1.3 Market size and forecast, by Application
8.4.6.1.4 Market size and forecast, by Type
8.4.6.2 India
8.4.6.2.1 Market size and forecast, by Caliber
8.4.6.2.2 Market size and forecast, by Component
8.4.6.2.3 Market size and forecast, by Application
8.4.6.2.4 Market size and forecast, by Type
8.4.6.3 Japan
8.4.6.3.1 Market size and forecast, by Caliber
8.4.6.3.2 Market size and forecast, by Component
8.4.6.3.3 Market size and forecast, by Application
8.4.6.3.4 Market size and forecast, by Type
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Caliber
8.4.6.4.2 Market size and forecast, by Component
8.4.6.4.3 Market size and forecast, by Application
8.4.6.4.4 Market size and forecast, by Type
8.4.6.5 Asean
8.4.6.5.1 Market size and forecast, by Caliber
8.4.6.5.2 Market size and forecast, by Component
8.4.6.5.3 Market size and forecast, by Application
8.4.6.5.4 Market size and forecast, by Type
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Market size and forecast, by Caliber
8.4.6.6.2 Market size and forecast, by Component
8.4.6.6.3 Market size and forecast, by Application
8.4.6.6.4 Market size and forecast, by Type
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Caliber
8.5.3 LAMEA Market size and forecast, by Component
8.5.4 LAMEA Market size and forecast, by Application
8.5.5 LAMEA Market size and forecast, by Type
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Caliber
8.5.6.1.2 Market size and forecast, by Component
8.5.6.1.3 Market size and forecast, by Application
8.5.6.1.4 Market size and forecast, by Type
8.5.6.2 UAE
8.5.6.2.1 Market size and forecast, by Caliber
8.5.6.2.2 Market size and forecast, by Component
8.5.6.2.3 Market size and forecast, by Application
8.5.6.2.4 Market size and forecast, by Type
8.5.6.3 Saudi Arabia
8.5.6.3.1 Market size and forecast, by Caliber
8.5.6.3.2 Market size and forecast, by Component
8.5.6.3.3 Market size and forecast, by Application
8.5.6.3.4 Market size and forecast, by Type
8.5.6.4 South Africa
8.5.6.4.1 Market size and forecast, by Caliber
8.5.6.4.2 Market size and forecast, by Component
8.5.6.4.3 Market size and forecast, by Application
8.5.6.4.4 Market size and forecast, by Type
8.5.6.5 Rest of LAMEA
8.5.6.5.1 Market size and forecast, by Caliber
8.5.6.5.2 Market size and forecast, by Component
8.5.6.5.3 Market size and forecast, by Application
8.5.6.5.4 Market size and forecast, by Type

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Axon
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 BAE Systems PLC
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Boeing Corporation
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Dassault Aviation
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 General Dynamics Corporation
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Harris Corporation
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Leonardo S. p. A
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Lockheed Martin Corporation
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Louisiana Tech University
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Northrop Grumman Corporation
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Taser International, Inc.
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Textron Defense Systems
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Thales Group
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 The Raytheon Company
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 University of Florida
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Smart Bullets Market,' the smart bullets market was valued at $0.56 billion in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 10% from 2022 to 2031.

In 2021, North America region dominated the market in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. Initiatives taken by the governments toward the modernization of defense sector and rise in territorial conflicts across the globe in the region are expected to propel the growth of the smart bullet market during the forecast period.

There are prominent key factors that drive the growth of the smart bullet market such as surge in demand for advanced precision strike weapons, increase in number of security threats from terrorist organizations, and increase in investments to develop autonomous weapons. The market economy is also responsible for the growth of the market. Emerging countries in the region, such as India and China, are investing heavily in modernizing their defense system markets which is expected to provide lucrative opportunities for the growth of the smart bullet industry.

The smart bullet market is segmented on the basis of caliber, component, application, type and region. By caliber, the market is divided into Less than 0.50 Caliber, and More than 0.50 Caliber. By component, the market is classified into actuator, sensors, microchips, and others. By application, it is divided into airborne, land, and naval. By type, it is segmented into line guided, and self guided. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

COVID-19 Impact Analysis

The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of raw materials items for most of 2020 and few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing smart bullet.

Moreover, disturbance in critical business operations such as manufacturing, limited supply chain, and reduced operating capacity has significantly led to delay in several existing defense modernizations and new product development activities. Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of advanced smart bullet globally.

The defense manufacturers had to reduce expansion and R&D investments to withstand the decline in revenue and operating performance of the defense industry. The global defense expenditure increased by 2.6 % from 2019 and stood at $1,981 billion in 2020 uninfluenced by massive reallocation of defense spending. Resilient defense successively increased growth of the smart bullet market.

Massive spread of the COVID-19 virus significantly induced a dramatic redirection of defense spending toward healthcare spending. Markets throughout the world, observed reduced procurement of autonomous defense systems last year, and the procurement contracts are expected to grow slowly over the next few years, as governments continue to build up their defense capabilities for addressing the uncertain geopolitical tensions across different nations such as the India-China, India-Pakistan or the continued disagreement in the South China Sea, among others

KEY FINDINGS OF THE STUDY

By caliber, the More than 0.50 Caliber segment is expected to register a significant growth during the forecast period.

By component, the sensors segment is anticipated to exhibit significant growth in future.

By application, the land segment is anticipated to exhibit significant growth in future.

By type, the self guided segment is anticipated to exhibit significant growth in future.

Region wise, North America is anticipated to register the highest CAGR during the forecast period.

The key players that operate in this smart bullet market are Axon Enterprise, Inc., BAE Systems Plc., Dassault Aviation, General Dynamics Corporation, L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Louisiana Tech University, Northrop Grumman Corporation, Raytheon Technologies Corporation, Textron Inc., Thales Group, The Boeing Company, and University of Florida.

Companies Mentioned

• Axon
• Bae Systems PLC
• Boeing Corporation
• Dassault Aviation
• General Dynamics Corporation
• Harris Corporation
• Leonardo S.P.A
• Lockheed Martin Corporation
• Louisiana Tech University
• Northrop Grumman Corporation
• Taser International, Inc.
• Textron Defense Systems
• Thales Group
• the Raytheon Company
• University of Florida

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.