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According to Fortune Business Insights™, the global smart weapons industry 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, registering a CAGR of 10.61% during the forecast period. Growth is driven by rising global defense budgets, increasing military modernization programs, and the growing demand for precision strike capabilities in modern combat environments.

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Published by Rishika Chavan, 2025-08-28 02:23:45

Smart Weapons Industry

According to Fortune Business Insights™, the global smart weapons industry 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, registering a CAGR of 10.61% during the forecast period. Growth is driven by rising global defense budgets, increasing military modernization programs, and the growing demand for precision strike capabilities in modern combat environments.

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