Aug 14, 2019   SOURCE: PR NewsWire

Global Weapons Carriage & Release System Market Report 2019

DUBLIN, Aug. 14, 2019 /PRNewswire/ -- The "Weapons Carriage & Release System Market by Platform (Fighter Aircraft, Combat Support Aircraft, Helicopters, UAVs), Weapon Type (Missiles, Bombs, Rockets, Torpedoes), Systems Component, End Use, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

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The Weapons Carriage & Release System Market is Projected to Grow from USD 462 Million in 2019 to USD 554 Million By 2025, at a CAGR of 3.1%

Increasing strength of airborne platforms across the world has resulted in an increase in demand for weapons carriage & release systems

The increasing strength of airborne platforms across the globe, the development of 5th generation fighter aircraft by various countries, and increasing demand for weapon carriage & release systems for unmanned aerial vehicles (UAVs) are major factors leading to the growth of the weapons carriage & release system market.

OEM segment estimated to have a larger market share than aftermarket segment in 2019

Based on end-use, the market has been segmented into OEM and aftermarket. The OEM segment is estimated to capture a larger market share than the aftermarket segment due to the increasing inventory of newly inducted airborne platforms. There has been a growth in the procurement of UAVs, fighter aircraft of the fourth and fifth-generation, and helicopters, which have increasing applications in the anti-submarine warfare, air-to-ground support, and air defense roles. Moreover, the development of a new range of missiles, such as beyond visual range missiles and anti-radiation missiles, for newly inducted platforms has also added to the growth of the OEM segment.

Based on systems component, release system segment estimated to account for major market share in 2019

Release systems in the weapon carriage & release system are of multiple types, depending on the type of aircraft. Release systems use different types of ejection technologies for delivering weapons and payloads. Increasing demand for pneumatic ejection units and up-gradation of existing weapons carriage & release systems are expected to increase the market share for the release system segment during the forecast period.

Europe estimated to account for the largest share of the weapons carriage & release system market in 2019

Europe is witnessing an increase in demand for fighter aircraft and UAVs. The rise in the existing fleet of aircraft, increasing adoption of advanced missiles, and up gradation of the existing fleet have led to Europe acquiring the largest market share in 2019. The induction of UAVs loaded with missiles and bombs for combat roles has also led to the growth of the market for weapons carriage & release system in Europe.

Key players in the weapons carriage & release system market include Harris Corporation (US), Ultra Electronics (US), Marvin Group (US), Marotta Controls (US), Moog Inc. (US), RUAG Group (Switzerland), Systima Technologies, Inc. (US), Raytheon Company (US), Cobham plc (UK), ALKAN (France), and RAFAUT Group (France).
Market Dynamics

Drivers

    --  Growing Aircraft Fleets Across the Globe
    --  Development of Fifth-Generation Fighter Aircraft By Various Countries
    --  Increasing Demand for Unmanned Aerial Vehicles

Restraints

    --  Decreasing Defense Budgets Due to Economic Slowdown

Opportunities

    --  Development of Common and Scalable Launch Systems

Challenges

    --  Reducing Performance Failures

Companies Mentioned 

    --  Alkan
    --  Cobham PLC
    --  Ferra Engineering Pty Ltd
    --  Harris Corporation
    --  Marotta Controls
    --  Marvin Group
    --  Moog, Inc.
    --  Rafaut Group
    --  Raytheon Company
    --  Ruag Group
    --  Systima Technologies Inc
    --  Ultra Electronics

For more information about this report visit https://www.researchandmarkets.com/r/o4g5ty

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