Autonomous Weapons Market Size 2021-2031 | Drivers
The Autonomous Weapons Market is expected to register a CAGR of 9.5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product (Missiles, Munitions, Guided Rockets, Guided Projectiles, Hypersonic weapon, Others); Platform (Land, Airborne, Naval); Type (Semi-autonomous, Autonomous). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Autonomous Weapons Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Autonomous Weapons Market Segmentation
Product- Missiles
- Munitions
- Guided Rockets
- Guided Projectiles
- Hypersonic weapon
- Others
- Land
- Airborne
- Naval
- Semi-autonomous
- Autonomous
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Autonomous Weapons Market Growth Drivers- Technological Advancements of Autonomous Weapons: Rapid advancements in artificial intelligence (AI), machine learning, and robotics are significant drivers in the autonomous weapons market. These technologies enhance the capabilities of unmanned systems, allowing for more precise targeting, improved decision-making, and reduced response times. As military forces worldwide invest in developing advanced weapon systems, the integration of AI enables autonomous weapons to operate with increased efficiency and effectiveness in combat scenarios. The ongoing research and development in sensor technology and data analytics further enhance the operational capabilities of these systems, driving demand in the market.
- Increasing National Security Concerns across the Globe: Heightened national security concerns and geopolitical tensions are fueling the demand for autonomous weapons. Countries are increasingly focused on strengthening their defense capabilities to deter potential threats and maintain military superiority. The need for advanced weaponry that minimizes human risk while maximizing operational effectiveness drives investments in autonomous systems. As nations seek to address asymmetric warfare challenges and enhance their strategic positioning, the procurement of autonomous weapons becomes a priority, propelling market growth in this sector.
- Cost-Effectiveness and Operational Efficiency of Autonomous Weapons: The pursuit of cost-effective military solutions is a critical driver in the autonomous weapons market. Autonomous systems can reduce operational costs by minimizing the need for human personnel in high-risk environments, thereby decreasing training and logistical expenses. Additionally, these weapons can operate in various conditions without fatigue, leading to sustained operational efficiency over extended periods. As defense budgets become constrained, military organizations are increasingly looking for technologies that provide tactical advantages while optimizing resource allocation. This trend towards cost-effectiveness significantly contributes to the growth of the autonomous weapons market.
- Regulatory and Ethical Discussions in the Development of Autonomous Weapons: A notable trend in the autonomous weapons market is the ongoing regulatory and ethical discussions surrounding their development and use. As autonomous systems become more prevalent in military applications, concerns regarding accountability, decision-making, and compliance with international humanitarian laws have emerged. Governments, NGOs, and industry stakeholders are actively debating the implications of deploying autonomous weapons. This trend is leading to calls for clear regulations and guidelines to govern their use, influencing the market landscape as companies adapt their strategies to align with evolving ethical considerations and potential regulatory frameworks.
- Increased Investment in R&D of Autonomous Weapons: There is a significant trend of increased investment in research and development (R&D) within the autonomous weapons market. As nations recognize the strategic importance of advanced military technologies, defense budgets are increasingly allocated toward R&D initiatives focused on autonomous systems. This trend is driven by the desire to maintain technological superiority in a rapidly evolving defense landscape. Companies that prioritize R&D in autonomous weapons are likely to lead the market by developing innovative solutions that meet the demands of modern warfare, positioning themselves favorably for future growth and competitive advantage.
- Integration of AI and Machine Learning into Autonomous Weapons: The integration of AI and machine learning into autonomous weapons systems presents significant opportunities for innovation and market expansion. By leveraging AI algorithms, these systems can improve target identification, enhance situational awareness, and learn from past engagements to refine their operational strategies. Companies that focus on developing cutting-edge AI-driven technologies for autonomous weapons can capture a considerable share of the market. This opportunity is particularly relevant for defense contractors and technology firms that can collaborate to create advanced solutions that address the evolving needs of modern warfare.
- International Defense Collaborations for Weapons Trade: The growing trend of international defense collaborations and partnerships opens new opportunities in the autonomous weapons market. Nations are increasingly engaging in joint development projects and technology-sharing agreements to enhance their defense capabilities. Such collaborations allow for the pooling of resources, expertise, and funding, enabling faster development and deployment of autonomous weapons systems. Companies that can navigate these partnerships and establish themselves as reliable players in joint ventures stand to benefit from increased access to global markets, fostering growth and innovation in the sector.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Autonomous Weapons Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Autonomous Weapons Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Autonomous Weapons Market include BAE Systems plc, Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., RTX Corporation, Rheinmetall AG, Thales Group
Regulatory Developments and Integration with Cyber Warfare is the key future trend of the Autonomous Weapons Market
The major factors driving the Autonomous Weapons Market is Advancement of the Artificial Intelligence and Robotic Technologies and High Defense Spending
The Autonomous Weapons Market is estimated to witness a CAGR of 9.5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Autonomous Weapons Market - By Product
1.3.2 Autonomous Weapons Market - By Platform
1.3.3 Autonomous Weapons Market - By Type
1.3.4 Autonomous Weapons Market - By Technology
1.3.5 Autonomous Weapons Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTONOMOUS WEAPONS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTONOMOUS WEAPONS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTONOMOUS WEAPONS MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTONOMOUS WEAPONS - GLOBAL MARKET OVERVIEW
6.2. AUTONOMOUS WEAPONS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTONOMOUS WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MISSILES
7.3.1. Overview
7.3.2. Missiles Market Forecast and Analysis
7.4. MUNITIONS
7.4.1. Overview
7.4.2. Munitions Market Forecast and Analysis
7.5. GUIDED ROCKETS
7.5.1. Overview
7.5.2. Guided Rockets Market Forecast and Analysis
7.6. GUIDED PROJECTILES
7.6.1. Overview
7.6.2. Guided Projectiles Market Forecast and Analysis
7.7. HYPERSONIC WEAPON
7.7.1. Overview
7.7.2. Hypersonic Weapon Market Forecast and Analysis
7.8. LOITERING WEAPONS
7.8.1. Overview
7.8.2. Loitering Weapons Market Forecast and Analysis
7.9. GUIDED FIREARMS
7.9.1. Overview
7.9.2. Guided Firearms Market Forecast and Analysis
8. AUTONOMOUS WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
8.1. OVERVIEW
8.2. PLATFORM MARKET FORECASTS AND ANALYSIS
8.3. LAND
8.3.1. Overview
8.3.2. Land Market Forecast and Analysis
8.4. AIRBORNE
8.4.1. Overview
8.4.2. Airborne Market Forecast and Analysis
8.5. NAVAL
8.5.1. Overview
8.5.2. Naval Market Forecast and Analysis
9. AUTONOMOUS WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
9.1. OVERVIEW
9.2. TYPE MARKET FORECASTS AND ANALYSIS
9.3. AUTONOMOUS
9.3.1. Overview
9.3.2. Autonomous Market Forecast and Analysis
9.4. SEMI-AUTONOMOUS
9.4.1. Overview
9.4.2. Semi-autonomous Market Forecast and Analysis
10. AUTONOMOUS WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
10.1. OVERVIEW
10.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
10.3. INFRARED
10.3.1. Overview
10.3.2. Infrared Market Forecast and Analysis
10.4. LASER
10.4.1. Overview
10.4.2. Laser Market Forecast and Analysis
10.5. GPS
10.5.1. Overview
10.5.2. GPS Market Forecast and Analysis
10.6. RADAR
10.6.1. Overview
10.6.2. Radar Market Forecast and Analysis
10.7. OTHER
10.7.1. Overview
10.7.2. Other Market Forecast and Analysis
11. AUTONOMOUS WEAPONS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Autonomous Weapons Market Overview
11.1.2 North America Autonomous Weapons Market Forecasts and Analysis
11.1.3 North America Autonomous Weapons Market Forecasts and Analysis - By Product
11.1.4 North America Autonomous Weapons Market Forecasts and Analysis - By Platform
11.1.5 North America Autonomous Weapons Market Forecasts and Analysis - By Type
11.1.6 North America Autonomous Weapons Market Forecasts and Analysis - By Technology
11.1.7 North America Autonomous Weapons Market Forecasts and Analysis - By Countries
11.1.7.1 United States Autonomous Weapons Market
11.1.7.1.1 United States Autonomous Weapons Market by Product
11.1.7.1.2 United States Autonomous Weapons Market by Platform
11.1.7.1.3 United States Autonomous Weapons Market by Type
11.1.7.1.4 United States Autonomous Weapons Market by Technology
11.1.7.2 Canada Autonomous Weapons Market
11.1.7.2.1 Canada Autonomous Weapons Market by Product
11.1.7.2.2 Canada Autonomous Weapons Market by Platform
11.1.7.2.3 Canada Autonomous Weapons Market by Type
11.1.7.2.4 Canada Autonomous Weapons Market by Technology
11.1.7.3 Mexico Autonomous Weapons Market
11.1.7.3.1 Mexico Autonomous Weapons Market by Product
11.1.7.3.2 Mexico Autonomous Weapons Market by Platform
11.1.7.3.3 Mexico Autonomous Weapons Market by Type
11.1.7.3.4 Mexico Autonomous Weapons Market by Technology
11.2. EUROPE
11.2.1 Europe Autonomous Weapons Market Overview
11.2.2 Europe Autonomous Weapons Market Forecasts and Analysis
11.2.3 Europe Autonomous Weapons Market Forecasts and Analysis - By Product
11.2.4 Europe Autonomous Weapons Market Forecasts and Analysis - By Platform
11.2.5 Europe Autonomous Weapons Market Forecasts and Analysis - By Type
11.2.6 Europe Autonomous Weapons Market Forecasts and Analysis - By Technology
11.2.7 Europe Autonomous Weapons Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Autonomous Weapons Market
11.2.7.1.1 Germany Autonomous Weapons Market by Product
11.2.7.1.2 Germany Autonomous Weapons Market by Platform
11.2.7.1.3 Germany Autonomous Weapons Market by Type
11.2.7.1.4 Germany Autonomous Weapons Market by Technology
11.2.7.2 France Autonomous Weapons Market
11.2.7.2.1 France Autonomous Weapons Market by Product
11.2.7.2.2 France Autonomous Weapons Market by Platform
11.2.7.2.3 France Autonomous Weapons Market by Type
11.2.7.2.4 France Autonomous Weapons Market by Technology
11.2.7.3 Italy Autonomous Weapons Market
11.2.7.3.1 Italy Autonomous Weapons Market by Product
11.2.7.3.2 Italy Autonomous Weapons Market by Platform
11.2.7.3.3 Italy Autonomous Weapons Market by Type
11.2.7.3.4 Italy Autonomous Weapons Market by Technology
11.2.7.4 United Kingdom Autonomous Weapons Market
11.2.7.4.1 United Kingdom Autonomous Weapons Market by Product
11.2.7.4.2 United Kingdom Autonomous Weapons Market by Platform
11.2.7.4.3 United Kingdom Autonomous Weapons Market by Type
11.2.7.4.4 United Kingdom Autonomous Weapons Market by Technology
11.2.7.5 Russia Autonomous Weapons Market
11.2.7.5.1 Russia Autonomous Weapons Market by Product
11.2.7.5.2 Russia Autonomous Weapons Market by Platform
11.2.7.5.3 Russia Autonomous Weapons Market by Type
11.2.7.5.4 Russia Autonomous Weapons Market by Technology
11.2.7.6 Rest of Europe Autonomous Weapons Market
11.2.7.6.1 Rest of Europe Autonomous Weapons Market by Product
11.2.7.6.2 Rest of Europe Autonomous Weapons Market by Platform
11.2.7.6.3 Rest of Europe Autonomous Weapons Market by Type
11.2.7.6.4 Rest of Europe Autonomous Weapons Market by Technology
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Autonomous Weapons Market Overview
11.3.2 Asia-Pacific Autonomous Weapons Market Forecasts and Analysis
11.3.3 Asia-Pacific Autonomous Weapons Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Autonomous Weapons Market Forecasts and Analysis - By Platform
11.3.5 Asia-Pacific Autonomous Weapons Market Forecasts and Analysis - By Type
11.3.6 Asia-Pacific Autonomous Weapons Market Forecasts and Analysis - By Technology
11.3.7 Asia-Pacific Autonomous Weapons Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Autonomous Weapons Market
11.3.7.1.1 Australia Autonomous Weapons Market by Product
11.3.7.1.2 Australia Autonomous Weapons Market by Platform
11.3.7.1.3 Australia Autonomous Weapons Market by Type
11.3.7.1.4 Australia Autonomous Weapons Market by Technology
11.3.7.2 China Autonomous Weapons Market
11.3.7.2.1 China Autonomous Weapons Market by Product
11.3.7.2.2 China Autonomous Weapons Market by Platform
11.3.7.2.3 China Autonomous Weapons Market by Type
11.3.7.2.4 China Autonomous Weapons Market by Technology
11.3.7.3 India Autonomous Weapons Market
11.3.7.3.1 India Autonomous Weapons Market by Product
11.3.7.3.2 India Autonomous Weapons Market by Platform
11.3.7.3.3 India Autonomous Weapons Market by Type
11.3.7.3.4 India Autonomous Weapons Market by Technology
11.3.7.4 Japan Autonomous Weapons Market
11.3.7.4.1 Japan Autonomous Weapons Market by Product
11.3.7.4.2 Japan Autonomous Weapons Market by Platform
11.3.7.4.3 Japan Autonomous Weapons Market by Type
11.3.7.4.4 Japan Autonomous Weapons Market by Technology
11.3.7.5 South Korea Autonomous Weapons Market
11.3.7.5.1 South Korea Autonomous Weapons Market by Product
11.3.7.5.2 South Korea Autonomous Weapons Market by Platform
11.3.7.5.3 South Korea Autonomous Weapons Market by Type
11.3.7.5.4 South Korea Autonomous Weapons Market by Technology
11.3.7.6 Rest of Asia-Pacific Autonomous Weapons Market
11.3.7.6.1 Rest of Asia-Pacific Autonomous Weapons Market by Product
11.3.7.6.2 Rest of Asia-Pacific Autonomous Weapons Market by Platform
11.3.7.6.3 Rest of Asia-Pacific Autonomous Weapons Market by Type
11.3.7.6.4 Rest of Asia-Pacific Autonomous Weapons Market by Technology
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Autonomous Weapons Market Overview
11.4.2 Middle East and Africa Autonomous Weapons Market Forecasts and Analysis
11.4.3 Middle East and Africa Autonomous Weapons Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Autonomous Weapons Market Forecasts and Analysis - By Platform
11.4.5 Middle East and Africa Autonomous Weapons Market Forecasts and Analysis - By Type
11.4.6 Middle East and Africa Autonomous Weapons Market Forecasts and Analysis - By Technology
11.4.7 Middle East and Africa Autonomous Weapons Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Autonomous Weapons Market
11.4.7.1.1 South Africa Autonomous Weapons Market by Product
11.4.7.1.2 South Africa Autonomous Weapons Market by Platform
11.4.7.1.3 South Africa Autonomous Weapons Market by Type
11.4.7.1.4 South Africa Autonomous Weapons Market by Technology
11.4.7.2 Saudi Arabia Autonomous Weapons Market
11.4.7.2.1 Saudi Arabia Autonomous Weapons Market by Product
11.4.7.2.2 Saudi Arabia Autonomous Weapons Market by Platform
11.4.7.2.3 Saudi Arabia Autonomous Weapons Market by Type
11.4.7.2.4 Saudi Arabia Autonomous Weapons Market by Technology
11.4.7.3 U.A.E Autonomous Weapons Market
11.4.7.3.1 U.A.E Autonomous Weapons Market by Product
11.4.7.3.2 U.A.E Autonomous Weapons Market by Platform
11.4.7.3.3 U.A.E Autonomous Weapons Market by Type
11.4.7.3.4 U.A.E Autonomous Weapons Market by Technology
11.4.7.4 Rest of Middle East and Africa Autonomous Weapons Market
11.4.7.4.1 Rest of Middle East and Africa Autonomous Weapons Market by Product
11.4.7.4.2 Rest of Middle East and Africa Autonomous Weapons Market by Platform
11.4.7.4.3 Rest of Middle East and Africa Autonomous Weapons Market by Type
11.4.7.4.4 Rest of Middle East and Africa Autonomous Weapons Market by Technology
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Autonomous Weapons Market Overview
11.5.2 South and Central America Autonomous Weapons Market Forecasts and Analysis
11.5.3 South and Central America Autonomous Weapons Market Forecasts and Analysis - By Product
11.5.4 South and Central America Autonomous Weapons Market Forecasts and Analysis - By Platform
11.5.5 South and Central America Autonomous Weapons Market Forecasts and Analysis - By Type
11.5.6 South and Central America Autonomous Weapons Market Forecasts and Analysis - By Technology
11.5.7 South and Central America Autonomous Weapons Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Autonomous Weapons Market
11.5.7.1.1 Brazil Autonomous Weapons Market by Product
11.5.7.1.2 Brazil Autonomous Weapons Market by Platform
11.5.7.1.3 Brazil Autonomous Weapons Market by Type
11.5.7.1.4 Brazil Autonomous Weapons Market by Technology
11.5.7.2 Argentina Autonomous Weapons Market
11.5.7.2.1 Argentina Autonomous Weapons Market by Product
11.5.7.2.2 Argentina Autonomous Weapons Market by Platform
11.5.7.2.3 Argentina Autonomous Weapons Market by Type
11.5.7.2.4 Argentina Autonomous Weapons Market by Technology
11.5.7.3 Rest of South and Central America Autonomous Weapons Market
11.5.7.3.1 Rest of South and Central America Autonomous Weapons Market by Product
11.5.7.3.2 Rest of South and Central America Autonomous Weapons Market by Platform
11.5.7.3.3 Rest of South and Central America Autonomous Weapons Market by Type
11.5.7.3.4 Rest of South and Central America Autonomous Weapons Market by Technology
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AUTONOMOUS WEAPONS MARKET, KEY COMPANY PROFILES
13.1. BAE SYSTEMS
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. DENEL DYNAMICS
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GENERAL DYNAMICS MISSION SYSTEMS
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ISRAEL AEROSPACE INDUSTRIES LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. LOCKHEED MARTIN CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MBDA
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NORTHROP GRUMMAN CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. RAYTHEON TECHNOLOGIES CORPORATION
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. RHEINMETALL AG
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. THALES GROUP
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.BAE Systems
2.Denel Dynamics
3.General Dynamics Mission Systems
4.Israel Aerospace Industries Ltd.
5.Lockheed Martin Corporation
6.MBDA
7.Northrop Grumman Corporation
8.Raytheon Technologies Corporation
9.Rheinmetall AG
10.Thales Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For