Smart Bullets Market Trend Evaluation with covid-19 impact
This new report from Stratview Research analyses the Smart Bullets Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025.
The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Smart Bullets Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Smart Bullets Market is no different. Derived from the previous market scenario, the Smart Bullets Market is likely to witness an impressive CAGR of 15.0% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Market Share Analysis
Smart Bullets Market Share: Product Type
Based on the product type, the market is segmented as guided smart bullets and self-guided smart bullets. The guided smart bullets segment accounted for the larger share of the market in 2019 and is estimated to maintain its supremacy during the forecast period. The prime factor contributing to the demand for smart bullets is the growth in illegal and criminal activities in some of the major countries such as the U.S. among others in the upcoming years.
Smart Bullets Market Share: End-User Type
Based on the end-user type, the market is segmented as airborne, land, and naval. The land segment held the largest share of the market in the year 2019 and is estimated to remain dominant during the forecast period. Factors such as the growing economies in the Asia-Pacific region for smart weapon investments for military, and Wars in various countries such as China, India, Turkey, Ukraine, France, Afghanistan, and Pakistan among others are the major factors fueling the product demand in the market during the forecast period.
Smart Bullets Market Share: By Region
In terms of regions, North America is estimated to account for the largest share of the market over the forecast period. The growth is attributed to the U.S. government focusing to incorporate technically enhanced weapons to its weaponry and the growing investments in defense. Furthermore, the growing demand for airborne smart bullets, and the U.S. government being the major customer of smart bullets in both global as well as North America is fueling the growth of the regional market during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.