Market Research Report
Weapons Carriage & Release System - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||911706|
|Published||Content info||178 Pages
Delivery time: 2-3 business days
|Weapons Carriage & Release System - Global Market Outlook (2018-2027)|
|Published: September 1, 2019||Content info: 178 Pages||
According to Stratistics MRC, the Global Weapons Carriage & Release System Market is accounted for $448.22 million in 2018 and is expected to reach $689.40 million by 2027 growing at a CAGR of 4.9% during the forecast period. Increasing demand for unmanned aerial vehicles, growing preference for technologically advanced weapon systems and increasing the military budget in developing as well as developed countries are some of the factors fuelling the market growth. Moreover, the development of common and scalable launch systems is providing opportunities for market growth. However, decreasing defense budgets due to economic slowdown is one of the restraining factors for the market.
Weapon carriage and discharge frameworks are utilized for air to ground and aerial arrangements in naval force and flying corps. These frameworks incorporate discharge Launchers, rocket launchers, single and multi-rack that accompanies the pyrotechnic or pneumatic launch, and bomb racks. Weapon carriage and discharge frameworks are utilized for putting away fuel tanks, unmanned vehicles, sonobuoys, electric cases, bombs, and so on. Weapon carriage and discharge frameworks help to deliver weapons efficiently and safely.
Based on End User, Original Equipment Manufacturer (OEM) segment is likely to have a huge demand because of the increasing inventory of newly inducted airborne platforms. In addition, the improvement of another scope of missiles, such as beyond visual range missiles and anti-radiation missiles, for newly inducted platforms has also contributed to the demand for OEMs.
By Geography, North America is going to have a lucrative growth during the forecast period due to the presence of prominent players and high military budget especially in the US and high adoption of advanced technology in the defense sector in this region.
Some of the key players profiled in the Weapons Carriage & Release System market include Ultra Electronics, Systima Technologies Inc, Ruag Group, Raytheon Company, Rafaut Group, Moog, Inc., Marvin Group, Marotta Controls, Harris Corporation, Ferra Engineering Pty Ltd, Cobham PLC and Alkan.
NOTE: Tables for North America, Europe, Asia Pacific, South America, and Middle East & Africa are represented in the same manner above.