Dublin, March 30, 2022 (GLOBE NEWSWIRE) -- The "Airborne Weapon Delivery Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Airborne Weapon Delivery Systems Market to Reach US$4.5 Billion by the Year 2026
The global market for Airborne Weapon Delivery Systems estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$4.5 Billion by 2026, growing at a CAGR of 8.5% over the analysis period.
Countries worldwide are currently focused on reducing troop casualties in missions of high-risk. Fighter jets are driving market growth, supported by the growing need for detection of threat, military surveillance and other defense capabilities during wars and other such scenarios. Investments by missile providers and military agencies for improving small bomb capabilities that are fired using UAVs are rising, owing to the altering traditional approaches for conducting air-to-surface missile attacks.
The emergence of small missiles underpinned by guidance technology miniaturization will foster military investments in these missiles, which will bode well for the market for airborne weapon delivery systems. Design of miniature UVAs is expected to gain momentum.
Focus is on developing miniaturized EO/IR systems which can be equipped with small UAVs and have the capability to dissipate heat without impacting the UAV`s performance. The considerable developments in C4I (Command, Control, Communications, Computers, and Intelligence) Systems are also stimulating the growth of the market.
Fixed-Wing Fighter Aircrafts, one of the segments analyzed in the report, is projected to grow at a 7.9% CAGR to reach US$3.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rotary Wing & UCAV segment is readjusted to a revised 10.4% CAGR for the next 7-year period.
This segment currently accounts for a 22.6% share of the global Airborne Weapon Delivery Systems market. Growing defense spending in various countries worldwide is driving interest in the adoption of fighter jet aircraft. Fighter aircrafts are integrated with advanced features including sensor fusion, advanced stealth, superior logistics and integrated avionics among others. With advanced stealth, aviators can infiltrate critical areas and not be identified.
The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $623.9 Million by 2026
The Airborne Weapon Delivery Systems market in the U.S. is estimated at US$1.1 Billion in the year 2021. The country currently accounts for a 37.5% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$623.9 Million in the year 2026 trailing a CAGR of 10.6% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 8.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR while Rest of European market (as defined in the study) will reach US$285 Million by the end of the analysis period.
North America dominates the global airborne weapon systems market, supported by the rising investments by the government in air defense systems and RADAR. Further, the growing adoption of novel weapon systems and weaponry is also driving market growth. Also, the presence of major market players in the region is aiding the market.
Producers in the region are developing sophisticated products at various price points to fulfil customer demands. Asia-Pacific is expected to be a lucrative market for airborne weapon systems, due to the increasing political tensions among India, China, and Afghanistan.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Airborne Weapon Delivery Systems - Global Key Competitors Percentage Market Share in 2022
- Pandemic Affects the Military & Defense Sector
- Disruptions in Military Training Inflicts Direct Blow on Airborne Weapon Delivery Systems Market
- Infection Spread Disrupts Military Personnel Training & Troop Deployment
- An Introduction to Airborne Weapon Delivery Systems
- Global Market Prospects & Outlook
- Analysis by Segment
- Regional Analysis
- Competitive Scenario
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 43 Featured)
- Airbus SE
- BAE Systems PLC
- Boeing Company
- CMC Electronics Inc.
- Elbit Systems Ltd.
- FN Herstal
- General Dynamics Mission Systems, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Rheinmetall AG
- SAAB AB
- Safran Electronics & Defense
- Ultra Electronics
3. MARKET TRENDS & DRIVERS
- Growth in Global Market for Fixed Wing Fighter Aircraft: A Favorable Scenario for Airborne Weapon Delivery Systems
- Advancements in Airborne, Precision Weapon Technologies to Drive Growth
- Laser Weapons to Gain Traction
- Need for Offensive Tactical Airborne Laser-Based Weapons
- Escalating Global Arms Race Provides the Perfect Platform for Future Growth
- Defense Spending Levels Influence Growth in Airborne Weapon Delivery Systems Market
- Geopolitical Conflicts & Quest for Military Supremacy Widen the Business Case
- Need to Upgrade Anti-Terrorism & Counter-Insurgency Departments to Drive Market Expansion
- Soldier Modernization Initiatives Augur Well for the Market Growth
- Rising Demand for Military UCAVs
- COVID-19 Crisis Impacts Military UCAV Spending in 2020
- Japan Defense Budgets: A Pre & Post COVID-19 Comparison
- UK Defense Budget: A Pre & Post COVID-19 Comparison
- Security Concerns to Drive Future Military UAV Deployments
- Rising Adoption of High Capability Unmanned Vehicles Favors Growth
- UCAVs to Solidify Role in Border Security Programs Bodes Well
4. GLOBAL MARKET PERSPECTIVE
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4s3sa7
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