Global Naval Smart Weapons Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Weapon Type;

Missile, Ammunition, and Others

By Technology;

Laser Guidance, Radar Guidance, Satellite Guidance, and Infrared Guidance

By Platform;

Surface Vessels, Submarines, and Unmanned Systems

By End-User;

Defense and Homeland Security

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn147182223 Published Date: May, 2025 Updated Date: June, 2025

Naval Smart Weapons Market Overview

Naval Smart Weapons Market (USD Million)

Naval Smart Weapons Market was valued at USD 3,790.86 million in the year 2024. The size of this market is expected to increase to USD 5,737.80 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.1%.


Global Naval Smart Weapons Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.1 %
Market Size (2024)USD 3,790.86 Million
Market Size (2031)USD 5,737.80 Million
Market ConcentrationMedium
Report Pages394
3,790.86
2024
5,737.80
2031

Major Players

  • The Boeing Company
  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • BAE Systems PLC
  • Rheinmetall AG
  • Thales Group
  • L3Harris Technologies Inc
  • Northrop Grumman Corporation
  • Textron Inc.
  • General Dynamics Corporation
  • MBDA
  • Leonardo SpA

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Naval Smart Weapons Market

Fragmented - Highly competitive market without dominant players


The Naval Smart Weapons Market is undergoing a major transformation driven by advancements in precision-targeting systems and autonomous technologies. Modern naval forces are increasingly equipping their platforms with intelligent weaponry to enhance strategic effectiveness and reduce unintended damage. Currently, around 70% of naval fleets feature integrated smart weapon systems, signaling a decisive move toward digitally enhanced maritime warfare.

Growing Funding for High-Precision Capabilities
Modernization priorities and rising defense expenditures are steering significant financial support toward smart weapon development. Over 45% of naval weapon acquisition budgets are now dedicated to technologies such as guided munitions, smart missiles, and autonomous torpedoes. These investments reflect a growing demand for weapons that offer superior accuracy and adaptable deployment in high-stakes naval operations.

AI Integration and Networked Warfare Adoption
Adoption of artificial intelligence and network-centric capabilities is expanding rapidly across the sector. Approximately 60% of newly developed smart naval weapons now utilize AI for real-time threat analysis and autonomous targeting. These capabilities are instrumental in elevating situational awareness, improving reaction time, and supporting seamless combat operations in dynamic environments.

Efficiency and Performance-Driven Design Trends
Performance optimization remains a critical focus, with emphasis on reduced engagement time, greater accuracy, and operational versatility. Nearly 55% of smart weapon manufacturers are prioritizing features like extended range and modular architecture to support multi-role functionality. These innovations are reshaping the landscape of naval warfare by delivering systems that balance combat effectiveness with strategic adaptability.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Weapon Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Platform
    4. Market Snapshot, By End-User
    5. Market Snapshot, By Region
  4. Naval Smart Weapons Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Geopolitical Tensions and Security Threats
        2. Modernization Programs and Defense Budgets
        3. nteroperability and Network-Centric Warfare
        4. Focus on Precision and Lethality
      2. Restraints
        1. Stringent Export Controls and Regulations
        2. Budgetary Constraints and Defense Spending Cuts
        3. Cybersecurity Risks and Vulnerabilities
      3. Opportunities
        1. Rising Maritime Security Challenges
        2. Modernization Initiatives
        3. Arctic and Maritime Domain Awareness
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Naval Smart Weapons Market, By Weapon Type, 2021 - 2031 (USD Million)
      1. Missile
      2. Ammunition
      3. Others
    2. Naval Smart Weapons Market, By Technology, 2021 - 2031 (USD Million)
      1. Laser Guidance
      2. Radar Guidance
      3. Satellite Guidance
      4. Infrared Guidance
    3. Naval Smart Weapons Market, By Platform, 2021 - 2031 (USD Million)
      1. Surface Vessels
      2. Submarines
      3. Unmanned Systems
    4. Naval Smart Weapons Market, By End-User, 2021 - 2031 (USD Million)
      1. Defense
      2. Homeland Security
    5. Naval Smart Weapons Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. The Boeing Company
      2. Lockheed Martin Corporation
      3. Raytheon Technologies Corporation
      4. BAE Systems PLC
      5. Rheinmetall AG
      6. Thales Group
      7. L3Harris Technologies Inc
      8. Northrop Grumman Corporation
      9. Textron Inc.
      10. General Dynamics Corporation
      11. MBDA
      12. Leonardo SpA
  7. Analyst Views
  8. Future Outlook of the Market