Press release
Weapons Carriage & Release System Market by Weapon Type, Platform, System Component, End User, Region by Cobham plc, Moof Inc., RAFAUT, Ultra Electronics, Harris Corporation, Marotta Controls, Marvin Group, ALKAN, Raytheon Company by 2030
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COVID-19 scenario analysis:
Government have initiated lockdown to control the COVID-19 outbreak which is hampering the manufacturing process of weapons carriage & release system manufacturers.
The weapons carriage & release system companies are facing workforce shortage due to lack of site access and travel restrictions imposed by authorities to slow the spread of COVID-19. Moreover, companies relying on international workforce are unable to carry out product development & testing.
COVID-19 pandemic has forced manufacturers to delay on-going projects due to supply chain disruption, hence the market is witnessing lack of components for product manufacturing.
The production and development of aircrafts has also been put on standstill in the wake of COVID-19 disease to comply with government initiatives to slow down the spread of disease.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Surge in usage of variety of weapons, demand for pneumatic release systems, and rise in adoption of new airborne platforms are the factors that drive the global weapons carriage & release system market. However, decreasing defense budget due to economic slowdown and incompatibility among competitor’s weapon system and aircraft hinder the market growth. Contrarily, increase in use of different types of missile and development of new range of missiles such as beyond the visual range missile and anti-radiation missiles present new pathways in the industry.
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The global weapons carriage & release system market trends are as follows:
Demand for pneumatic release system
Pneumatic system controls and transmits energy stored in the form of compressed air. Pneumatic weapon release system provides continuous high pressure air supply to accurate & precise weapon separation. In addition, it applies a high ejection force to allow weapon release even at high altitude and high aircraft velocity. Moreover, unlike pyrotechnic release mechanism that requires explosive kinetic energy, pneumatic release system is cost effective and reusable. Hence the demand for pneumatic release system is expected to drive the global weapon carriage & release system market.
Rise in adoption of new airborne platforms
Introduction of 5th generation of combat aircraft has instigated the development of compatible weapons carriage and release system for modern aircrafts. In addition, procurement of unmanned aerial combat vehicle (UACV) has created the need for new weapons carriage & release system to mount and deliver new range of missiles. Moreover, long range bomber crafts, attack helicopters, and stealth aircraft requires specialized weapon carriage & release system. Such increasing inventory of new aerial platforms is expected to boost the global weapon carriage & release system.
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Key benefits of the report:
• This study presents the analytical depiction of the global weapons carriage & release system industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global weapons carriage & release system market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global weapons carriage & release system market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global weapons carriage & release system market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the weapons carriage & release system market research report:
• Which are the leading market players active in the weapons carriage & release system market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
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