Global Airborne Weapon System Market: Snapshot
Airborne weapon system is a set of devices comprising several weapons and delivery vehicles along with the integral equipment necessary for transporting or carrying the weapon system by air. A classic aircraft weapon system includes elements such as automatic gun fire control system, missile control system, fuse function control system, multiple weapon release system, and jettison system.
The demand for a variety of airborne weapon systems has significantly increased in the past few years from countries wanting to safeguard their people from external or internal threats. The rising expenditure on military and defense practices across a number of countries, rising war disputes between countries, and a rising tone of instability on a worldwide level are factors that are driving the market.
The global airborne weapon system market was valued at US$95.20 bn in 2016 and is expected to expand at a CAGR of 3.71% from 2017 to 2025.
Fighter Jets to Remain Most Lucrative Aircraft Variety
On the basis of aircraft type, the market is segmented into fighter jet and helicopter. The production of fighter jets across the world is approximately three times the production of helicopters. Fighter jets have features such as advanced stealth, sensor fusion, integrated avionics, and superior logistics provision with the most prevailing and wide-range integrated sensors. Advanced stealth allows aviators to infiltrate areas without being identified by detectors that legacy fighters cannot avoid. High defense spending in developing as well as developed countries such as the U.S., China, the U.K, India and Israel is one of the key factors leading to the increased demand for fighter aircraft segment in airborne weapons market. Therefore, the share of this segment is expected to rise to as high as 74.01% in 2025.
In terms of the type of weapon used, the airborne weapon system market can segmented into bombs, guns, rifles, and missiles. In 2016, the missiles segment is expected to hold highest share in the airborne weapon system market. Among various weapons types, the missiles segment dominated the airborne weapons market followed by bombs in 2016 and anticipated to grow at a CAGR of 4.05% during the forecast period. Technological advancement in missiles to destroy enemy aircraft or helicopter at faster speed is one of the key factor driving the demand of missiles segment in airborne weapons market during the forecast period.
North America to Remain Strong in Global Market
Geographically, the report segments the global airborne weapon system market into North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America is presently the dominant shareholder in global airborne weapon system market due to its highest share in the production of fighter jets. Technological innovations in the defense weapons industry are not just oriented towards efficiency but also improved product quality and enhanced customer experience.
Manufacturers in the region are coming up with path-breaking product features at a considerable price range to meet buyer’s expectations. Airborne weapon system industry players are expanding their presence in growing weapons markets such as China, Israel, and India among others where the operating costs are low and demand is rising.
Some of the leading companies operating in the global airborne weapon systems market are Safran Electronics & Defense, FN Herstal, Boeing, Airbus, Ultra Electronics, Rheinmetall AG, SAAB AB, BAE System, Raytheon Company, and Lockheed Martin Corporation.
Global Airborne Weapon System Market: Overview
Global airborne weapon system market report provides analysis for the period 2015 – 2025, wherein the period from 2017 to 2025 is the forecast and 2016 is the base year. The data for 2015 has been added as a historical information. The airborne weapon system report covers all the major types and application playing significant role in the global airborne weapon system market’s growth over the forecast period. The report also included various drivers, restraints, and opportunities expected which affect market’s growth during the following mention period. The study provides an entire perspective on the market’s growth in terms of revenue in US$ Bn, across different geographical regions such as Asia Pacific, North America, Middle East & Africa, Europe, and South America.
Global Airborne Weapon System Market: Scope of the Report
The market overview section of the report demonstrates the market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market, key indicators and trends. An attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the airborne weapon system market. Moreover, the report provides an overview of various strategies adopted by the key players present in the market. Key market indicators included in the report provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period.
Global Airborne Weapon System Market: Segmentation
Global airborne weapon systems is bifurcated by aircraft type, by weapon type and by region. By aircraft type, the market is further segmented into fighter jet and helicopter. The fighter jet production across the world is approximately three times the number of helicopter production. By weapon type, airborne weapon system can segmented into bombs, guns, rifles, missiles and others. Missiles in airborne weapon system market is expected to having highest share as compared to the other weapons during forecast period.
Global Airborne Weapon System Market: Competitive Dynamics
The report also highlights the competitive landscape of the global airborne weapon system market, thereby positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the market. The comprehensive global airborne weapon system market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics that affect global airborne weapon system market growth. This report provides all the essential information required to understand the key developments in the airborne weapon system market, growth trend of each segment and companies’ strategies to efficiently compete into the market. Also, the report provides insights related to trends and its impact on the market.
The prominent players such Safran Electronics & Defense, FN Herstal, Boeing, BAE System, Airbus, Rheinmetall AG, Raytheon Company, SAAB AB, Lockheed Martin Corporation, Ultra Electronics among others also had an important share in global airborne weapon system market. The global airborne weapon system Boeing and Airbus held the largest share in 2016 among others. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Global Airborne Weapon System Market, by Aircraft Type
- Fighter Jet
Global Airborne Weapon System Market, by Weapon Type
Global Airborne Weapon System Market, by Geography
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- Saudi Arabia
- Rest of MEA
- South America
- Rest of South America