The global weapons carriage system market is experiencing a significant growth due to growing use of variety of missiles and bombs. Weapons carriage system is used by aircrafts to deliver payload effectively & safely. Moreover, weapon carriage system enables the operator to control, guide, and communicate directly with smart & precision-guidance payloads as well as create compatibility between a wide range of weapon stores & platforms. Further, weapons carriage system uses a variety of components such as rail launchers, adapters, racks, and pylons to support the long-endurance requirements of manned or unmanned systems to carry and deliver payload precisely meanwhile offering multiple carriage capability compatible including very small class payloads.
COVID-19 scenario analysis:
Governments worldwide have initiated lockdown to control the COVID-19 outbreak, which is hampering the manufacturing process of weapons carriage system manufacturers.
The weapons carriage system companies are facing workforce shortage due to lack of site access and travel restrictions imposed by authorities to slow the spread of COVID-19. Moreover, companies relying on international workforce are unable to carry out product development & testing.
COVID-19 pandemic has forced manufacturers to delay on-going projects due to supply chain disruption caused by transport & logistics movement restrictions; hence, leading to lack of components for product manufacturing.
The production and development of aircrafts has also been put on hold in the wake of COVID-19 scenario to comply with government initiatives to redirect the financial resources to combat the spread of disease.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Surge in usage of variety of weapons, increase in demand for pneumatic actuation systems, and rise in adoption of new airborne platforms are the factors that drive the global weapons carriage system market. However, decreasing defense budget due to economic slowdown and incompatibility among competitorās weapon system and aircraft hinder the market growth. On the contrary, increase in use of different types of missile and development of new range of missiles such as beyond the visual range missile and anti-radiation missiles present new pathways in the industry.
The global weapons carriage system market trends are as follows:
Rise in adoption of new airborne platforms
Introduction of 5th generation of combat aircraft has instigated the development of compatible weapons carriage and release system for modern aircrafts. Recently, in 2020, UK Royal Navy completed environmental testing for Thales (France based defense manufacturer) Martlet air-to-surface missiles & MBDA (France based weapons manufacturer) Sea Venom anti-ship weapons carriage system aboard the 6t-class Wildcat HMA2 rotorcraft helicopter. Each weapon wing-equipped helicopter will be able to carry a maximum load of 20 Martlet or four Sea Venom missiles. Moreover, with a 13 KG launch weight, 3-5 nautical miles (6-9 KM) range and Mach 1.5 performance, the laser-guided Martlet is integrated using five-round canister launchers. The high-subsonic speed Sea Venom is 2.5 m long, weighs 120 KG and can attack surface targets to a range of over 11 nautical miles. Such rise in adoption of new airborne platforms is expected to boost the global weapons carriage system.
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Key benefits of the report:
This study presents the analytical depiction of the global weapons carriage system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global weapons carriage system market share.
The current market is quantitatively analyzed to highlight the global weapons carriage system market growth scenario.
Porterās five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global weapons carriage system market analysis based on competitive intensity and how the competition will take shape in coming years.
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Weapons Carriage & Release System is the system to store and release weapons using for fast jets, rotorcraft and Unmanned Aerial Vehicles.
Weapons Carriage and Release products may include a range of missile launchers, bomb racks, ejection launchers, etc.The classification of Weapons Carriage & Release Systems includes Air-to-Ground and Air-to-Air, and the proportion of Air-to-Ground, in 2016 is about 61%, and the proportion is in decreasing trend from 2012 to 2016.USA is the largest consumption place, with a consumption market share nearly 58% in 2016.
Following Europe, Europe is the second largest consumption place with the consumption market share of 21.5%.According to this study, over the next five years the Weapons Carriage & Release Systems market will register a 6.2% CAGR in terms of revenue, the global market size will reach US$ 520 million by 2024, from US$ 360 million in 2019.
In particular, this report presents the global revenue market share of key companies in Weapons Carriage & Release Systems business, shared in Chapter 3.This report presents a comprehensive overview, market shares and growth opportunities of Weapons Carriage & Release Systems market by product type, application, key companies and key regions.This study considers the Weapons Carriage & Release Systems value generated from the sales of the following segments:Key questions addressed by theĀ reportWhere will all these developments take Weapons Carriage & Release Systemin the mid- to long-term?What are the upcoming technological trends in the Weapons Carriage & Release Systemmarket?What are the opportunities for various players that exist at present and those that are planning to enter at different stages of the value chain?How growth strategies implemented by key players will impact the growth rate of the Weapons Carriage & Release Systemmarket, and who will have the undue advantage?What are the current adoption trends of the Weapons Carriage & Release Systemmarket?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-weapons-carriage-release-systems-2019-2024-155Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.Air-to-Ground Weapons Carriage & Release SystemsAir-to-Air Weapons Carriage & Release SystemsSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.Air ForceNavyOtherThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.CobhamHarris CorporationAVICRaytheonMoogUltra ElectronicsCircor Aerospace & DefenseSystima TechnologiesMarotta ControlsAEREA S.p.AIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.Research objectivesTo study and analyze the global Weapons Carriage & Release Systems market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Weapons Carriage & Release Systems market by identifying its various subsegments.Focuses on the key global Weapons Carriage & Release Systems players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Weapons Carriage & Release Systems with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the size of Weapons Carriage & Release Systems submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Reasons to Purchase this Report:* Estimates 2019ā2024 Weapons Carriage & Release Systemmarket development trends with the recent trends and SWOT analysis* Market dynamics scenario, along with growth opportunities of the market in the years to come* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
