Press release
Weapons Carriage and Release Systems Market Worldwide Top Players Revenue Analysis of Cobham Plc., Harris Corporation, AVIC (Aviation Industry Corporation), Raytheon, Moog, Inc., Ultra Electronics, Circor Aerospace& Defence, Marotta Controls
Weapons-Carriage-and-Release-Systems
Weapons carriage and release system has racks to store bombs, sonobuoys, electronics pods, fuel tanks, and even unmanned vehicles, able to deliver those bombs safely and effectively. These carriage have multi-purpose rack assembly capability, which carries both air-to-ground bombs and air-to-air missiles.
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Global Weapons Release and Carriage System Market: Competitive Landscape
Major players operating in the global weapons release and carriage system market are Cobham Plc., Harris Corporation, AVIC (Aviation Industry Corporation), Raytheon, Moog, Inc., Ultra Electronics, Circor Aerospace& Defence, Marotta Controls, AEREA s.p.a., and Systima Technologies.
Increasing territorial disputes and rising concerns for countermeasures against terrorist activities is expected to drive the market growth
Rising territorial disputes and terrorist attacks in countries such as Russia and Ukraine; China and Japan for uninhabited islands in the East China Sea; India and Pakistan for Jammu & Kashmir; Israel and Palestine for the Gaza Strip, Golan Heights, and West Bank is a major factor for increasing demand for carriage with multi-purpose rack racks. Several other regional disputes, which inadvertently affects the security of the nation, is expected to aid in growth of the market.
Global Weapons Carriage and Release System Market: Taxonomy
By Product Type
• Air-to-Ground
• Air-to-Air
By Regions
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
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Increasing government initiative towards protecting the nation from terrorist attack will positively encourage the market players to purchase weapons carriage and release systems for carrying large bombs and missiles during fight. This will in turn help in propelling growth of the market.
North America accounted for the largest market share in the global weapon carriage and release system market in 2017 and is expected to retain its dominance during the forecast period from 2018 to 2026. Rising government spending in defence and military department for preventing unwanted terrorist attacks is further expected to increase demand for weapons carriage and release system in this region.
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