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According to Fortune Business Insights™, the global smart weapons market was valued at USD 18.99 billion in 2023 and is projected to expand from USD 20.20 billion in 2024 to USD 45.24 billion by 2032, at a CAGR of 10.61% during the forecast period. This robust growth is fueled by rising global defense budgets, large-scale military modernization programs, and increasing demand for precision strike capabilities in evolving combat environments.

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Published by Rishika Chavan, 2025-08-18 23:54:50

Smart Weapons Market Share

According to Fortune Business Insights™, the global smart weapons market was valued at USD 18.99 billion in 2023 and is projected to expand from USD 20.20 billion in 2024 to USD 45.24 billion by 2032, at a CAGR of 10.61% during the forecast period. This robust growth is fueled by rising global defense budgets, large-scale military modernization programs, and increasing demand for precision strike capabilities in evolving combat environments.

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