Increased urbanization and urban warfare capabilities is expected to drive market expansion in the near future at a CAGR of 10.50% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Smart Bullets Market” that contains information from 2018 to 2032. The smart bullets market is estimated to register a CAGR of 10.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global smart bullets market— Lockheed Martin Corporation, Leonardo S.p.A, Harris Corporation, Taser International Inc., Dassault Aviation, BAE Systems PLC, Thales Group, General Dynamics Corporation, Axon, Boeing Corporation, The Raytheon Company, Northrop Grumman Corporation and others

Market Highlights

The global smart bullets market is accounted to register a CAGR of 10.50% during the forecast period and is estimated to reach USD 1.84 Billion by 2032.

Smart bullets, guided by advanced technology, are reshaping the ammunition sector. They offer precision and accuracy, reducing collateral damage, and are increasingly adopted for military and law enforcement purposes.

Segment Analysis

The global smart bullets market has been segmented based type, application, component and caliber.

On the basis of type, the market is segmented into guided smart bullets and self-guided smart bullets. The guided smart bullets segment dominated the market in 2022. The primary selling point of guided smart bullets is their exceptional accuracy and precision.  

Based on application, the global smart bullets market has been segmented into naval, land and airborne. The land segment dominated the market in 2022. Smart bullets have significantly increased the fighting effectiveness of ground forces.

Based on component, the global smart bullets market has been segmented into microchips, sensors, actuators and others. The microchips segment dominated the market in 2022. The remarkable precision and accuracy of smart bullets is made possible by microchips.

Based on caliber, the global smart bullets market has been segmented into more than 0.50 caliber and less than 0.50 caliber. The less than 0.50 caliber category generated the most income in 2022. Firearms with calibers under 0.50 inches frequently create less recoil than those with larger calibers. For usage in military and law enforcement purposes, they are ideal because to their improved control and accuracy.

Regional Analysis

The global smart bullets market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Smart bullets market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Smart bullets market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Smart bullets market comprises of Middle East, Africa, and Latin America.

The North America smart bullets market dominated this market in 2022 (45.80%). Some of the highest levels of defense spending are found in North America, which is headed by the United States. The American Department of Defense consistently makes substantial investments in R&D in order to preserve its technological advantage. This significant financial commitment to the military promotes the creation and application of cutting-edge technologies, such intelligent weaponry. Enough money is available to support the development, creation, and acquisition of smart bullet systems.

Moreover, the second-largest market share for smart bullets is in Europe. Among the problems affecting Europe's security environment are regional conflicts, terrorism, and cybersecurity concerns. In order to strengthen domestic and international defense capabilities, investments are made in cutting-edge military technologies like smart bullets. The need to maintain security and stability in a region that has already suffered conflicts has led to the widespread deployment of precision weaponry.

Additionally, the Asia-Pacific smart bullets market is expected to grow at the fastest CAGR from 2023 to 2032. In response to worries about regional security, nations in the Asia-Pacific area have dramatically increased their defense spending. This financial commitment's proceeds will be used to purchase advanced weaponry and ammunition, including smart bullets. Resources are easily accessible, which accelerates the creation and procurement of such systems.

Furthermore, the rest of the world's smart bullets market is divided into the Middle East, Africa, and Latin America. Latin American defense forces are considering smart bullets for precision and reduced collateral damage, enhancing their military capabilities.

Key Findings of the Study

• The global smart bullets market is expected to reach USD 1.84 Billion by 2032, at a CAGR of 10.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. Countries in the Asia-Pacific have drastically expanded their defense spending in response to concerns to regional security.


• Based on Caliber, the less than 0.50 caliber segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Lockheed Martin Corporation, Leonardo S.p.A, Harris Corporation, Taser International Inc., Dassault Aviation, BAE Systems PLC, Thales Group, General Dynamics Corporation, Axon, Boeing Corporation, The Raytheon Company, Northrop Grumman Corporation and others