Airborne Weapon Delivery Systems Market is Set to Experience a Revolutionary Growth 2021-2027

Increasing Demand for Advanced Military Technologies and Increasing Investment in Military and Defense Sector to Augment Growth of Airborne Weapon Delivery Systems Market

There are three major types of airborne weapon delivery systems in development; Long-range Unmanned Aerial Vehicles (LAV), Short-range Unmanned Aerial Vehicle (SRAV), and Laser-guided Air Ballistic Missiles (AGM). There are several programs currently active for each category, including; Ground-based Air Defense, Air-dropped Firepower Capability (AFFC), and Robotic, and Unmanned Aerial Vehicle (URAV).

Market Dynamics
Increasing demand for advanced military technologies is expected to propel growth of the airborne weapon delivery systems market. For instance, in February 2021, BAE Systems secured a US$ 247 million contract from the U.S Space Force to deliver advanced military GPS receivers and chips for the troops.

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Increasing investment in the military and defense sector is expected to offer lucrative growth opportunities for players in the airborne weapon delivery systems market. For instance, in March 2019, China’s Ministry of Finance announced a yearly budget of US$ 177.5 billion for the defense sector compared to US$ 167.4 billion in 2018. Moreover, increasing in software defined radio systems is also expected to aid in growth of the market. For instance, in February 2021, India’s Ministry of Defense and Defense Public Sector Undertaking Bharat Electronics Limited signed a contract for procurement of Software Defined Radio Tactical.

Among regions, North America is expected to witness significant growth in the airborne weapon delivery systems market, owing to increasing investment in airborne platforms. For instance, in November 2020, BAE Systems was awarded a five-year US$ 94 million single-award indefinite delivery indefinite quantity contract to deliver advanced technology capability to the U.S. Navy.

Frequently Asked Questions (FAQ) :

Is Airborne Weapon Delivery Systems Market Booming In Near Future?
Yes, Market Will Boom In Near Future

Which are the prominent Airborne Weapon Delivery Systems market players across the globe? Can I Add a Specific Company?
Yes, You can add Specific Companies up to 3 Companies.
Companies Covered as part of this study include Boeing, BAE Systems, General Dynamics, Elbit Systems, CMC Electronics, Lockheed Martin, Raytheon, Northrop Grumman, and Saab,

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Which Geographic Segmentation Covered In The Market Report?
North America
Europe
Asia Pacific
Latin America
Middle East
Africa

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This release was published on openPR.