GLOBAL AIRBORNE WEAPON SYSTEMS MARKET TRENDS, AND FORECAST 2017 – 2025

Press Release - 18 June 2018
Research and Development News --
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Latest Update "Airborne Weapon Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" with Industries Survey | Global Current Growth and Future.
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Weapon Systems refers to the integration of one or more weapons with all related materials, equipment, personnel, services, and means of deployment and delivery. Airborne weapon system is a set of devices that consist of multiple weapons and delivery vehicles along with integral equipment used to carry or transport the weapon system by air. A typical aircraft weapon system consists of missile control system, automatic gun fire control system, multiple weapon release system, fuse function control system, and jettison system.

In terms of equipment and accessories that are required for carrying, loading, and releasing of kill and search stores, the airborne weapon system is designed into armament subsystem, and ordnance subsystem. The armament subsystem takes care of carriage and delivery of weapons or storage from the aircraft’s wing and bomb bay stations. The ordnance system indicates the equipment used for carriage and delivery of search stores. Generally maximum of 10 wing stations and 8 bomb bay stations are available for carriage of weapons, however this differs from aircraft to aircraft that are designed and manufactured differently.
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Increasing security and defense expenditure for the country, war disputes between enemy countries, and growing instability across the world are the major factors increasing the demand for airborne weapon system. Airborne weapon systems have major advantages over any other weapon system is that they can penetrate dense air defenses, can sustain in all atmospheric weather condition, targeted to destroy stationary and semi stationary targets. The major factor that obstructs the use of airborne weapon system is the high cost and technology. The automation in airborne weapon system market can substantially reduce the accidental human deaths and the death caused due to wars, contributing to one of the significant factor to use the airborne weapon system. The use of unmanned arial vehicles and the laser weapons used in the airborne weapon system proves to be one of the most advantageous over others.

Airborne Weapon Systems Market can be segmented into weapons type, vehicle type, firing range, and geography. Airborne weapon systems market based on weapons type is segmented into guns, bombs, missiles and laser weapons. Segmentation by vehicle is further bifurcated into aircrafts, helicopters and Unmanned Arial Vehicles (UAV). Based on firing range, weapon system market is segmented into short range, medium range and long range. Short range firing for ballistic missiles ranges from 0 to 1,000 km, medium range firing for ballistic missiles varies from 1000 to 4000 km; whereas long range firing ranges from 4000 km and above. Moreover, with the fear of lagging behind the enemy countries, the security of one’s own nation has increased the demand and growth of designing and technological advancement of the airborne weapon system, which is expected to positively support the growth of airborne weapon system market during the forecast period from 2017 to 2025.

Airborne weapon system market is also segmented on the basis of geography into North America, South America, Europe, Asia Pacific, and Middle East & Africa. The U.S. has significant market share in airborne weapons system market due to the heavy investments in national security and defense industry followed by Europe. However, the Asia-Pacific region is expected to emerge as the one of the fastest growing market in coming years due to growing economies such as China and India.

Some of the major players operating in global airborne weapon systems market include FN Herstal, Rheinmetall AG, Safran Electronics & Defense, Boeing, BAE systems, Leonardo SA, Saab Ab, Lockheed Martin Corporation, Raytheon Company, and Ultra Electronics among others.

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