The global weapons and ammunition market, valued at $59.16 billion in 2025, is projected to grow to $162.11 billion by 2035 at a CAGR of 10.92%. Growth is fueled by increased defense spending, military modernization, and geopolitical tensions worldwide. Key trends include investments in precision-guided munitions, missile defense, autonomous combat platforms, and AI-enabled weapons. North America leads the market, with Asia Pacific showing the fastest growth due to regional military upgrades and geopolitical factors.
Lockheed Martin successfully intercepted a Group 3 one-way attack drone using a Joint-Air-to-Ground Missile (JAGM) launched from a GRIZZLY containerized launcher, integrated with Sanctum C-UAS battle management and Fortem R-40 Radars. This rapid inte...
Lockheed Martin inaugurated an 88,000-square-foot Missile Assembly Building 5 in Courtland, Alabama, to produce the Next Generation Interceptor (NGI) for the Missile Defense Agency. This advanced facility uses digital manufacturing and automation to ...
The global small satellite market, valued at $7.05 billion in 2025, is projected to reach $32.71 billion by 2035, growing at a CAGR of 16.58%. Growth is fueled by massive investments in low Earth orbit (LEO) satellite constellations for broadband int...
