Smart Bullets Market share research by applications and regions for 2017-2024

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Smart Bullets Market trends research and
projections for 2017-2024 Global Market Insights
Inc.
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Regional Analysis of Smart Bullets Market

• North America leads the global smart bullets
  market due to increasing focus of the U.S.
  administration towards the integration of
  technologically improved weapons into its defense
  list. Moreover, the U.S. government is even a
  crucial customer in North America as well on a
  global level.
• Asia Pacific is expected to witness fastest
  industry growth by 2024 owing to increase in
  investments by various countries for advanced
  weaponry. Additionally, continuous conflicts in
  countries including China, India, Ukraine,
  Lebanon, Afghanistan and Pakistan is another
  major factor positively impacting the demand as
  well as the growth of the global smart bullets
  market.

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Application Analysis of Smart Bullets Market

• Based on the end user, airborne is the fastest
  growing segment in the overall smart bullets
  market amongst other classifications including
  land and naval defense. This steady growth of the
  segment is credited to the emergence of latest
  weaponry technologies including Unmanned Combat
  Aerial Vehicle (UCAVs). The technology is
  becoming an innovative and low-cost alternative
  to conventional airborne attack platforms,
  fueling the expansion of global smart bullets
  market.

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Market research reports Key analytical components
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Competitive Market Share of Smart Bullets
Market

• Global smart bullets market is a highly
  consolidated market as majority of the top
  players held together over 60 of the market
  share in 2016. Several players are gradually
  focusing on product innovation and technological
  upgradation in the current offerings to enhance
  their business foothold. High competition within
  the industry is expected to strengthen further
  over the forecast timeframe.
• Some of the dominating smart bullets market
  players include Raytheon, Lockheed Martin,
  Dassault Aviation, BAE Systems, Taser
  International and General Dynamics. Other
  prominent players are Northrop Grumman, Textron
  Defense Systems, Thales Group, Harris Corporation
  and Boeing Corporation.

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