Complete report spread across 149 pages available @ http://www.rnrmarketresearch.com/smart-weapons-market-by-share-analysis-trend-industry-technology-roadmap-expected-to-reach-5335-1-million-with-a-cagr-of-8-06-forecasts-analysis-2013-2018-market-report.html .
Key Take-Aways
The change in the nature of warfare has resulted in the demand for smart weapon. The global smart weapons market is valued at $3621 million in 2013 and is expected to register a CAGR of 8.06% to reach $5335.1 million by 2018. The market is highly competitive with a host of industry participants vying for contracts; and the fiscal deficit in most western countries is expected to increase competition. High-growth sectors in the global market include Saudi Arabia with a CAGR of 21.67%, followed by Japan with a CAGR of 14.48%. The Middle East has a CAGR of 15.21% followed by Latin America and Asia. The stand-off weapons segment is expected to have the highest demand in this market.
