Market perspective of air weapons delivery systems 2021
The market will flourish in the near future
𝗣𝗮𝗴𝗲𝘀 𝗣𝗮𝗴𝗲𝘀: [130 Pages]
There are three main types Air Weapons Delivery Systems Market in progress; Long Range Unmanned Aerial Vehicles (LAV), Short Range Unmanned Aerial Vehicles (SRAV) and laser ballistic missiles (AGM). There are currently several programs active for each category, including; Ground air defense, air drop capability (AFFC) and robotic and unmanned aerial vehicles (URAV).
The growing demand for modern military technology is expected to stimulate the growth of the market for air delivery systems. For example, in February 2021, BAE Systems secured a $ 247 million contract from the US space force for the supply of advanced military GPS receivers and chips for the military.
Increasing investment in the military and defense sectors is expected to offer lucrative growth opportunities for players in the air weapons delivery market. For example, in March 2019, the Chinese Ministry of Finance announced an annual budget of $ 177.5 billion for the defense sector, compared to $ 167.4 billion in 2018. In addition, the increase in software-defined radio systems is expected. market. For example, in February 2021, the Indian Ministry of Defense and Public Sector Defense, undertaking Bharat Electronics Limited, signed a contract to purchase software-defined tactical radio.
Among the regions, North America is expected to witness significant growth in the market for air delivery systems due to growing investment in on-board platforms. For example, in November 2020, BAE Systems was awarded a five-year contract for $ 94 million with one indefinite award for an indefinite amount to provide advanced technology capabilities to the U.S. Navy.
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The main players operating in the market for air delivery systems are focused on concluding contracts to increase their market share. For example, in February 2021, the Cubic Corporation Cubic Mission and Performance Solutions business department received a contract to supply P5 Combat Training System modules and auxiliary training hardware to support the Combat Air Force air support program.
The major players operating in the air weapons delivery systems market are also focused on adopting different marketing strategies to improve their market share. For example, in February 2021, BAE Systems unveiled its product portfolio at Aero India.
Prominent companies, players covered as part of this study include:
Boeing, BAE Systems, General Dynamics, Elbit Systems, CMC Electronics, Lockheed Martin, Raytheon, Northrop Grumman and Saab
Market taxonomy of air weapons delivery systems
Depending on the type of product, the global market for air weapons delivery systems is classified into:
- Fighter with a fixed wing
- Rotary wing and UCAV
Based on the Annex, the global market for air weapons delivery systems is classified into:
- Military agencies
- Rocket suppliers
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Which geographical segmentation is included in the market report?
- North America
- Asia-Pacific region
- Latin America
- Middle East
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