Airborne Weapon Delivery Systems Market Perspective by Comprehensive Analysis Growth Prediction to 2026
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.
Growing territorial
disputes among some countries and the increasing concerns for countermeasures
against terrorist activities will drive the industry growth
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.
Unmanned combat aerial
vehicles (UCAVs) have gained significant industry traction owing to its
relatively low costs
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.
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Rotary wing and UCAVs
have witnessed significant surge over the past few years, are expected to
witness highest 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.
High initial investment
and stringent regulatory landscape for the new industry entrants is expected to
present considerable challenge for the new industry entrants
U.S. demands are
expected to dominate the regional landscape owing to several factors that
prominently include, high inclination towards these solutions, presence of
significant industry participants and the large annual defense budgets.
Moreover, according to press release in July 2017, U.S. is making significant
efforts to develop countermeasures for such unmanned aerial vehicle invasions.
Asia Pacific will continue to remain the second most attractive regional
segments owing to presence of considerably high number of regional conflicts
and the requirement to uphold the competition with neighboring animosity.
Egypt, France, Germany,
and the UK are expected to present substantial demands owing to initiation of
number of anti-extremist operations. Additionally, these countries have made considerable
efforts in procurement and development of several advanced aerial platforms to
ensure efficient counter measures in the emergency situations and improve the
combat readiness in such situations.
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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