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The global Airborne Weapon Delivery Systems Market is estimated to be valued at US$2839.5 Mn or Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Airborne weapon delivery systems are systems that are used to release weapons from an aerial platform such as an aircraft or a cruise missile onto a ground, naval, or air target. These systems have various components such as weaponry, navigation computers, fire control systems, aircraft weapon integration, and others that allow accurate and precise weapons delivery from the air. Advancements in these systems have significantly improved nations’ national defense capabilities.
Market key trends:
One of the key trends in the airborne weapon delivery systems market is the integration of advanced navigation and targeting systems. Previously used systems relied on basic line-of-sight targeting and gravity bombing but recent additions integrate modern radar, electro-optical/infrared sensors, and global positioning technologies to precisely guide munitions to their targets from stand-off ranges and deliver them with pinpoint accuracy even in adverse weather conditions. Another trend is the increased use of data links that allows aircraft and weapons to share targeting data in real-time. This significantly improves coordination between multiple aircraft and weapons.
Porter’s Analysis
Threat of new entrants: Low-moderate. High capital requirements and economies of scale in manufacturing acts as a deterrent. However, possibilities exist for new companies providing sub-systems.
Bargaining power of buyers: Moderate-High. Large defence organizations have significant purchase power for price negotiations. However, switching costs and compatible systems requirements increase buyer dependence.
Bargaining power of suppliers: Moderate. Few key component manufacturers exist with differentiated capabilities. Alternative sourcing options provide balance.
Threat of new substitutes: Low. No major system replace airborne weapon delivery in mission requirements. Incremental innovation continuously improves existing technologies.
Competitive rivalry: High. Major global players intensely compete based on technology, price and after-sales support. Consolidation trends exist to gain scale and synergies.
Key Takeaways
The global Airborne Weapon Delivery Systems market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing defence budget allocation of major economies. Upgrades of existing fleets and procurement of new delivery platforms will drive demand.
North America dominates current market share led by the U.S., owing to large procurement and replacement programs by the Department of Defense. Asia Pacific is projected to be the fastest growing region with increasing indigenous weapon system development and procurement by countries like India, China and Japan.
Key players operating in the airborne weapon delivery systems are Boeing, BAE Systems, General Dynamics, Elbit Systems, CMC Electronics, Lockheed Martin, Raytheon, Northrop Grumman, and Saab. Major players are focusing on product improvements, M&A activities and after-sales services to strengthen market position. _______________________________________________________________________
