Global Smart Weapons Market is estimated to reach $19 billion by 2024 Global Smart Weapons Market is worth to reach

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Global Smart Weapons Market is worth to reach $19 billion by
2024 Says Variant Market Research
Global Smart Weapons Market is estimated to reach $19 billion by 2024; with the CAGR of 6.4% between
2016 and 2024. Smart weapons are self-guided technologically advanced artillery used for border security
or during country war. Air-to-ground missiles, surface-to-air missiles, and smart bombs are some of the
majorly used smart weapons. Increasing terrorism, civil strife, and cross border hostilities increased the
adoption of smart weapons in military. Increased governments spending on military enhancement, pose
a huge demand for smart weapons globally.
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aerospace/smart-weapons-market
Rise in awareness towards border security, increasing procurement of military equipment, and increased
demand for high precision in weapons, are the major factors driving the global smart weapons market.
Moreover, increased government expenditure to modernise military equipment has also fuelled the
market growth. However, high price of these weapons would restrain the market growth in coming years.
Rising worldwide demand for technologically advanced smart weapons would provide several growth
opportunities for the market in coming years.