Global Network Enabled Weapons (NEW) Market 2018-2022
About Network Enabled Weapons (NEW)
NEWs are an emerging class of precision-guided munitions that are derivatives of conventional GPS-guided weapons. These weapons can feature the capability of altering or updating their respective targeting coordinates during mid-flight.
Technavio’s analysts forecast the global network enabled weapons (NEW) market to grow at a CAGR of 13.84% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global network enabled weapons (NEW) market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Network Enabled Weapons (NEW) Market 2018-2022
Technavio recognizes the following companies as the key players in the global network enabled weapons (NEW) market: Boeing, Lockheed Martin, MBDA, Rafael Advanced Defense Systems, and Raytheon.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing involvement of AI in the next-generation weapons. The introduction of AI in militaries is gaining popularity across the world. It uses inherent computing and decision-making capabilities to boost the ability of combat platforms to self-regulate, self-actuate, and self-control.”
According to the report, one driver in the market is demand for long-range missiles. Defense agencies are heavily investing in the development of extended-range missiles or beyond-visual-range-missiles as these missiles enable them to strike the enemies from miles away and enhance the survivability of battle troops.
Further, the report states that one challenge in the market is dominance of GPS-guided systems. NEWs are derivatives of GPS-guided weapons and have the ability to have targeting coordinates updated during flight through the use of common data links. The coordinates can be updated by the system in an aircraft or any ground base that id connected to the common data link.
Boeing, Lockheed Martin, MBDA, Rafael Advanced Defense Systems, and Raytheon.
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