Top Factors Driving the Global Network Enabled Weapons Market | Technavio

Technavio has published a new market research report on the global network enabled weapons market from 2018-2022. (Graphic: Business Wire)

LONDON--()--Technavio market research analysts forecast the global network enabled weapons (NEW) market to grow at a CAGR of close to 14% during the period 2018-2022, according to their latest report.

This market research report segments the global network enabled weapons market into the following applications, including naval-launched, air-launched, and ground-launched and key regions, including the Americas, APAC, and EMEA.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio analysts highlight the demand for long-range missiles as a key factor contributing to the growth of the global network enabled weapons market:

Demand for long-range missiles

In a battlefield, eliminating enemies while remaining at a safe distance is very crucial. This will greatly enhance the survivability of battle troops. Globally, defense agencies have been investing in the development of extended-range missiles or beyond-visual-range-missiles to strike enemies from miles away. The beyond-visual-range missiles have the ability to engage enemies at ranges of more than 20 nautical miles. Booster rocket motor and ramjet sustainer motor were used to achieve such high range.

According to a senior analyst at Technavio for defense, “In the past few years, the development and advances of technology and sensors have enabled these missiles to receive target coordinates during flight. Earlier, air-to-air and air-to-surface missiles used semi-active radar homing guidance. The new generation of missiles are based on the fire-and-forget concept.”

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global network enabled weapons market segmentation

Of the three major applications, the naval-launched segment held the largest market share in 2017, accounting for nearly 41% of the market. The market share for this application is expected to decrease by 2022. The fastest growing application is ground-launched, which will account for nearly 26% of the total market share by 2022.

The Americas was the leading region for the global network enabled weapons market in 2017, accounting for a market share of nearly 68%. By 2022, APAC is expected to witness the highest growth rate in terms of market share.

 

Technavio’s best deals of the month!

 

Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the Health and Wellness category for the entire month.

 

OR

 

Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Space category. Offer valid from 16th April for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

Technavio market research analysts forecast the global network enabled weapons (NEW) market to grow at a CAGR of close to 14% during 2018-2022.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com