Smart Weapons Market Growth Drivers, Demand and Opportunities by 2028
The global smart weapons market was valued at $17.17 billion in 2020. Over the next several years, the market is projected to experience significant growth, reaching an estimated $30.12 billion by 2028. This represents a compound annual growth rate (CAGR) of 8.02% during the 2021-2028 period. Despite the short-term setback, the long-term outlook for the smart weapons market remains quite positive. Factors driving this growth include continued military modernization efforts, the need to address evolving security threats, and ongoing technological advancements in areas like guidance systems and autonomous capabilities. As nations work to maintain their strategic advantages, the demand for increasingly sophisticated smart weapons is expected to rise steadily in the coming years. Informational Source: https://www.fortunebusinessinsights.com/smart-weapons-market-104058 In the ever-evolving landscape of military technology, the emergence of smart weapons has revolutionized the way modern