Airborne weapon delivery systems market Booming Worldwide by Boeing, BAE Systems, General Dynamics, Elbit Systems, CMC Electronics, Lockheed Martin

Airborne weapon delivery systems market that have gained significant industry traction owing to investments in the procurement and development of the next generation aerial platforms that can leverage the country’s defense and attack capabilities. Some of the major countries with significant defense budgets investing in these platforms include China, the U.S., Russia, France, Germany, and the UK, in turn creating a highly conducive environment for growth of the airborne weapon delivery systems market.

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Growing territorial disputes among some countries and the increasing concerns for countermeasures against terrorist activities will drive the industry growth

Some of the major territorial disputes in 2016 were among the countries that included Russia and Ukraine for Crimea; China and Japan for the 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. Several other regional disputes, majorly concentrated in the Asia Pacific and the Africa are expected to drive the demands for the attack and defense activities. These airborne weapon delivery systems enhance the mission success rates at relatively lower expenses and reduced risk of human lives. Moreover, increasing concerns to monitor the international borders and safeguard the population against the proliferating terrorist activities have led to increased focus on necessitating defense organizations to acquire high endurance attack platforms and deep strike capabilities.

Rotary wing and UCAVs have witnessed significant surge over the past few years, are expected to witness highest growth

Major economies across the globe are increasingly emphasizing on minimizing the number of casualties in risky missions and are inclined towards conducting unmanned aerial attacks. This in turn has led to an increased deployment of rotary wing and UCAV.

High initial investment and stringent regulatory landscape for the new industry entrants is expected to present considerable challenge for the new industry entrants

U.S. demands are expected to dominate the regional landscape owing to several factors that prominently include, high inclination towards these solutions, presence of significant industry participants and the large annual defense budgets. Moreover, according to press release in July 2017, U.S. is making significant efforts to develop countermeasures for such unmanned aerial vehicle invasions.

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Airborne weapon delivery systems market is fragmented in nature owing to the presence of number of major players competing for the industry shares. Key players include Boeing, BAE Systems, General Dynamics, Elbit Systems, CMC Electronics, Lockheed Martin, Raytheon, Northrop Grumman, and Saab.

Airborne Weapon Delivery Systems Market Taxonomy

On the basis of product type, the global airborne weapon delivery systems market is classified into:

• Fixed-wing fighter aircraft
• Rotary wing and UCAV

On the basis of application, the global airborne weapon delivery systems market is classified into:

• Military agencies
• Missile suppliers
• Others

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This release was published on openPR.