Market Overview

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.

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.

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Market Dynamics

Development in the small explosives and missiles that can be used for attack through these unmanned aircraft and drones have become key focus of the defense agencies. Moreover, requirement to reduce the loss of man power and paradigm shift development of air to ground missile attack efficiency is expected to present considerable growth demands. Technology participants in the industry are increasingly emphasizing development of highly compact electro-optic and infrared imaging (EO/IR) systems that can be incorporated in these UAVs. This will enhance the functionality of these systems in surveillance capabilities and target detection. Moreover, miniaturization of the guidance technologies and increased global inclination towards the procurement of UAVs featured with these technologies will in turn drive airborne weapon delivery systems market 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. These are equipped with synthetic aperture radar (SAR) systems, laser designators, infrared cameras, and countermeasure systems that consistently transmit data to the control centers or users. Incorporation of these technologies enable command, control, and mission critical related data transmission from the mobile ground control systems.

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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.

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