| Product Code: ETC7373371 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely heavily on imports of land-based smart weapons, with the USA, Barbados, Areas, nes, Canada, and Panama being the top exporting countries. Despite a high concentration of suppliers, the market experienced a slight growth rate of 5.42% from 2023 to 2024. However, the overall compound annual growth rate (CAGR) for the period 2020-24 was negative at -3.23%, indicating a challenging market environment. Grenada`s strategic partnerships and procurement strategies will be crucial in navigating the evolving landscape of smart weapons imports.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Land-Based Smart Weapons Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Land-Based Smart Weapons Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Land-Based Smart Weapons Market - Industry Life Cycle |
3.4 Grenada Land-Based Smart Weapons Market - Porter's Five Forces |
3.5 Grenada Land-Based Smart Weapons Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Land-Based Smart Weapons Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Grenada Land-Based Smart Weapons Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing military modernization efforts by Grenada to enhance defense capabilities |
4.2.2 Rising geopolitical tensions in the region leading to a focus on advanced weaponry |
4.2.3 Growing demand for precision strike capabilities in land-based operations |
4.3 Market Restraints |
4.3.1 Budget constraints limiting the procurement of expensive smart weapons systems |
4.3.2 Technological challenges in integrating and maintaining land-based smart weapons |
4.3.3 Regulatory restrictions on the export and import of advanced weaponry |
5 Grenada Land-Based Smart Weapons Market Trends |
6 Grenada Land-Based Smart Weapons Market, By Types |
6.1 Grenada Land-Based Smart Weapons Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Land-Based Smart Weapons Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Land-Based Smart Weapons Market Revenues & Volume, By Missiles, 2021- 2031F |
6.1.4 Grenada Land-Based Smart Weapons Market Revenues & Volume, By Ammunition, 2021- 2031F |
6.1.5 Grenada Land-Based Smart Weapons Market Revenues & Volume, By Other Products, 2021- 2031F |
6.2 Grenada Land-Based Smart Weapons Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Grenada Land-Based Smart Weapons Market Revenues & Volume, By Satellite Guidance, 2021- 2031F |
6.2.3 Grenada Land-Based Smart Weapons Market Revenues & Volume, By Radar Guidance, 2021- 2031F |
6.2.4 Grenada Land-Based Smart Weapons Market Revenues & Volume, By Infrared Guidance, 2021- 2031F |
6.2.5 Grenada Land-Based Smart Weapons Market Revenues & Volume, By Laser Guidance, 2021- 2031F |
6.2.6 Grenada Land-Based Smart Weapons Market Revenues & Volume, By Other Technologies, 2021- 2031F |
7 Grenada Land-Based Smart Weapons Market Import-Export Trade Statistics |
7.1 Grenada Land-Based Smart Weapons Market Export to Major Countries |
7.2 Grenada Land-Based Smart Weapons Market Imports from Major Countries |
8 Grenada Land-Based Smart Weapons Market Key Performance Indicators |
8.1 Research and development investment in smart weapons technology |
8.2 Number of successful test firings and demonstrations of land-based smart weapons |
8.3 Level of adoption of smart weapons in Grenada's military training and exercises. |
9 Grenada Land-Based Smart Weapons Market - Opportunity Assessment |
9.1 Grenada Land-Based Smart Weapons Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Land-Based Smart Weapons Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Grenada Land-Based Smart Weapons Market - Competitive Landscape |
10.1 Grenada Land-Based Smart Weapons Market Revenue Share, By Companies, 2024 |
10.2 Grenada Land-Based Smart Weapons Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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