Market Forecast By Product (Missiles, Munitions, Guided Projectiles, Guided Rockets, Guided Firearms, Directed Energy Weapons), By Technology (Laser, Infrared, Radar, GPS, Others), By Platform (Air, Land, Naval) And Competitive Landscape
Product Code: ETC433248 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Egypt Smart Weapons Market is anticipated to grow in the most efficient manner during the forecast period. The smart weapons market in Egypt is one of the most essential markets. There are different factors stimulating the sector growth. The rising tension in North America and Middle east are estimated to drive this market in the country.
According to 6Wresearch, the Egypt Smart Weapons Market size is expected to grow during 2023-2029. The smart weapons market in Egypt plays an essential role in the security of the country. The rising tension in North America and Middle East region are estimated to drive this market in the country. Smart weapons used advanced technologies and they are precision-guided munitions. Smart weapons are used by militaries across the globe owing to their potential to reduce collateral damage.ย Egypt has been heavily investing in its military capabilities and it is likely to invest more in this space in the years to come. This factor is anticipated to drive the demand for these smart weapons in the country.
This sector will emerge more in the coming years since the government of the country have been supportive for this market. There are different kinds of smart munitions in the market which include air-to-ground missiles, laser-guided bombs and anti-tank missiles. The countryโs government is continuously spending in the development of this sector which is giving it boost. There are various key players working in this sector and they are coming up with the right strategies and using advanced technologies in order to provide their consumers with the quality smart weapons. The players in the sector play an essential role in the growth of this sector. The Egypt Smart Weapons Market share will continue to grow since the players in the sector are planning to come up with the more advanced weapons that will provide better security.
The sudden and rapid spread of coronavirus had massive impact on the development of Egypt Smart Weapons Market due to the lockdown implementations in the country. The COVID-19 pandemic led to the many challenges for this sector which include disruption in supply chain of many vital raw materials, reduction in defense spending and logistics challenges. On the contrary, defense service providers and manufacturers had to decrease expansions owing to the lockdown. ย The slow production rate and delay in purchase orders were some challenges the sector faced during the pandemic.
Based on product, the Smart Weapons Market in Egypt is segmented into Missiles, Munitions, Guided Projectiles, Guided Rockets, Guided Firearms, and Directed Energy Weapons. In the market, the directed energy weapons market is growing effectively in the market and it will continue making progress in the years to come.
Based on technology, the Egypt Smart Weapon Industry is segmented into Laser, Infrared, Radar, GPS, and Others. In the sector, the laser technology segment will dominate the sector in the near future.
Based on platform, the sector in Egypt is segmented into Air, Land, and Naval. In the sector, the naval segment is estimated to boost the sector share in the years to come.
The report offers a comprehensive study of the subsequent market segments: