Will Smart Guns revolutionise the arms industry?

Smart guns — personalised weapons that fire only for recognised users.

With over a decade of research and millions of dollars later, one of the most prominent firearm stores in California has a new addition to its’ shelves - the smart gun. The gun resembles that of any other however, this one comes with an accessory, in the form of a waterproof smartwatch.

The main function of this watch, other than providing the time, is to provide the gun with 'a brain'. Electronic chips in both the watch and the gun enable the two devices to communicate and establish their proximity to one another. If the two devices are within suitable range of each other, then a green light will appear on the grip of the gun, indicating its readiness for use. If the devices are too far apart for this green light to appear, then the gun will cease to function.

The Armatix iP1 has been created as a monument to firearms safety, with the hope that it could reduce gun violence, suicides and accidental shootings. As expected it has received a warm welcoming from gun-control advocates, who believe that this creation could revolutionise the gun industry. Gun rights advocates on the other hand, have appeared to be far more skeptical about the smart gun, voicing concerns over what happens if the technology fails just as an intruder breaks in.

The arrival of the smart-gun comes as a result of immense interest in innovative gun-control ideas; following the killings at Sandy Hook Elementary School last year and the severe legislative battles that followed. Other ideas following this event include the use of  placing GPS tracking chips in guns and technology that would render guns inoperable when they near electronic markers – for example, close to a school.

Many have been intrigued by the smart-guns potential. New Jersey passed a controversial law in 2002 stating that within three years of a smart gun being sold anywhere in the country, that only smart guns may be sold in the state then after.

Whether you in favour of the smart-gun or not, it cannot be denied that this is a great piece of technology, but the cost is high. Amatrix’s iP1, a .22-caliber pistol, is priced at $1,399 and then an additional $399 for the watch! The only question that remains is.. will it sell?

One of the most important ways that a business can arm itself against competitors is with up-to-date market intelligence. The Industry Report Store has a wide range of defence reports, analysing the current market situation as well as potential opportunities for the future.

Take a look at some of our reports to see how we could help you:

Global Military Ammunition Market
Global Body Armour and Personal Protection Market
The Global Government Biometric Systems Market

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Source: Washington Post

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British Army Restructuring and its Wider Impact on The Global Ammunition Market

Fiscal deficits in Britain are affecting all divisions of the public sector, with budget cuts across the board. A contentious issue widely discussed in the news and within parliament at the moment are the Coalition’s defence cuts, which include a major restructuring of the British Army where 20,000 regular soldiers will be replaced with 30,000 army reservists. The public are unhappy with the consequent redundancies, and MPs, Tory’s in particular, are worried that regular soldiers are being sacked before reservists are properly trained, and therefore able to cope.

The worry is that if a large-scale military threat occurred in the future then the UK would have far less resources than it’s used to, and we would suffer because of it. This “New Army” is made up of a root army with an adaptable force made up of soldiers from the Territorial Army. The British Army will not be able to fight in two different countries again, like it has done simultaneously in Iraq and Afghanistan. The focus will be instead on intervening at an earlier stage with the aim of avoiding conflict, with a specialist security assistance force that will send small teams of soldiers to advise and keep the peace. The question is whether the Territorial Army will be able to rise to this challenge, and how exactly the budget cuts in Britain will have a wider affect on their place within global defence.

Military shifts are occurring across the globe as countries hit hard by recession are forced to scale back, and developing countries begin to establish their military presence. These changes are affecting the global defence market, influencing the forecast for how the market is set to evolve over the next ten years. The Industry Report Store has just released an essential new report which details the latest market research intelligence and forecasts for the global military ammunition market between 2013 and 2023. The report predicts how the market is expected to grow or change, with comprehensive market forecasts due to factors such as military modernisation, budget cuts and the effects of troop reduction initiatives.

The need to maintain sufficient inventory of ammunition for militaries worldwide and the increasing demand for training ammunition is anticipated to have a positive impact on the demand for military ammunition. Additionally, modernisation initiatives that are being implemented in most major defence spending countries and are focusing on the upgrade of existing firearms and induction of new advanced models are also expected to encourage spending on military ammunition. The impact of military modernisation on the ammunition market is most likely to be witnessed prominently in emerging economies such as India, China, Brazil and Russia which are spending significantly on enhancing capabilities of their ground forces by inducting state-of-the-art small arms, howitzers and mortars.

This report outlines crucial information  including which regions will account for large shares of the market and the reasons behind their increased spend, for example strong economic growth and domestic unrest. Specific trends, like which sectors are being invested in, as well as larger more general trends affecting the market as a whole are carefully analysed and explained. The technological and market trends, as well as factors such as development and industry challenges also feature throughout the report. For example, how will western austerity measures change how countries consolidate with one another? This report is vital for those looking to keep their business strategies in line with the latest research, and effectively understand their target market.

To find out more about this report, enquire here: The Global Ammunition Market 2013-2023

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