Aircraft Weapons Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aircraft Weapons Market Analysis
- The aircraft weapons market is anticipated to register a CAGR of over 5% during the forecast period.
- The COVID-19 pandemic hurt the aircraft weapons market. The onset of the pandemic led to various countries imposing barriers to curb the spread of the pandemic, which led to a decline in trade between countries, and this led to various aircraft weapons manufacturers not receiving the raw materials which are required to manufacture the aircraft weapon systems. Moreover, various lay-offs by companies owing to the onset of the pandemic had hampered the production of aircraft weapons.
- On the other hand, the decline of the pandemic led to various countries removing their barriers and regulations, which has enabled free flow in terms of trade, and this has helped manufacturers of aircraft weapon systems to increase their production process owing to an increase in demand for advanced aircraft weapon systems by various countries, and this will lead to the market witnessing growth during the forecast period.
- The increasing demand for next-generation fighter aircraft to strengthen the air combat capabilities of the countries through various procurement and modernization schemes is anticipated to generate demand for the aircraft weapons market. Moreover, the demand for new remote weapons, like autocannons and machine guns, which are mounted on military helicopters, is anticipated to further propel the market's growth during the forecast period.
- On the other hand, the integration of autonomy and artificial intelligence to further increase the capabilities of weapon systems is expected to open new market opportunities for aircraft weapons in the coming future.
Aircraft Weapons Market Trends
The Rotorcraft Segment Is Expected To Witness Significant Growth During The Forecast Period
- By aircraft type, the rotorcraft segment is expected to witness significant growth during the forecast period. In the current scenario, various helicopters are being upgraded with new and advanced weapon systems in order to reap significant benefits. In the present scenario, many countries are dedicated to developing attack helicopters that possess a wide range of armaments.
- For instance, in October 2022, the Indian Air Force inducted the first batch of indigenously-developed Light Combat Helicopters (LCH) in an effort to boost their combat prowess as the multi-role platform is capable of firing a range of missiles and other weapons. The Light Combat Helicopter, designed by Hindustan Aeronautics Ltd (HAL), has been primarily designed for deployment in high-altitude regions.
- The LCH is equipped with requisite agility, maneuverability, extended range, high altitude performance, and all-weather combat capability to perform a range of roles, including combat search and rescue (CSAR), destruction of enemy air defense (DEAD), and counterinsurgency (CI) operations. The helicopter can also be deployed in high-altitude bunker-busting operations, counter-insurgency operations in the jungles and urban environments, and for supporting ground forces.
- Moreover, in September 2021, Russia tested a new electronic attack system onboard the Mi-28N attack helicopter, which has an artificial intelligence capability to analyze the target automatically without the help of a manual operator. The pilot needs to pick a target from those suggested by the system by pressing a button on the LCD display while the system performs the rest of the operations.
- Thus, various countries upgrading their helicopters with new and advanced weapon systems coupled with countries developing attack helicopters that possess a wide range of armaments will have a positive outlook in the market in the near future and will lead to rotorcrafts witnessing significant growth in aircraft weapons market during the forecast period.
The Asia Pacific Region Is Expected To Witness Significant Growth During The Forecast Period
- The region of Asia Pacific is expected to witness significant growth during the forecast period. The increasing military spending by various countries in the Asia Pacific region, such as China, India, Japan, and Indonesia, owing to various territorial issues and political confits across the land and sea borders, will be the major reason for the growth of aircraft weapons in the Asia Pacific region.
- With the growing military spending, countries are procuring new fighter jets and attack helicopters to strengthen their air capabilities, subsequently generating demand for the regional aircraft weapons market. China and India are indigenous manufacturers and procure fighter aircraft from Western countries.
- Currently, their fleet consists of 1,232 and 538 fighter aircraft, respectively. With fleet modernization plans in place, countries are procuring new aircraft. India has plans to induct 123 Tejas Mark IA aircraft in the coming years. The government has already placed an order for 83 aircraft for the Indian Air Force (IAF). Similarly, Taiwan is in plans to procure fighter aircraft from the United States. Such robust procurement plans of the countries in the region are anticipated to drive the growth of the market during the forecast period.
Aircraft Weapons Industry Overview
Some prominent players in the aircraft weapon market include General Dynamics Corporation, Rostec, Raytheon Company, Lockheed Martin Corporation, and MBDA, amongst others. The aircraft weapons market is fragmented due to the presence of several manufacturers of weapon stations as well as ammunition. Also, there are additional players who manufacture bombs and air-to-air and air-to-ground missiles.
General Dynamics Corporation provides armaments to F-35 Lightning II, F-16 Fighting Falcon, F/A-18 Hornet, and F-22 Raptor programs, whereas Rostec provides armaments for Sukhoi Su-57, HAL Tejas, MiG-35, MiG-29, and Kamov Ka-50 programs. In the current scenario, various companies are developing and certifying their new and advanced weapon systems for new helicopter models. The development of advanced aircraft weapons by original equipment manufacturers or OEMs is expected to propel the market's growth while expanding its geographical presence.
Aircraft Weapons Market Leaders
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General Dynamics Corporation
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Rostec
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Lockheed Martin Corporation
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Raytheon Technologies Corporation
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MBDA Inc.
*Disclaimer: Major Players sorted in no particular order
Aircraft Weapons Market News
- January 2023: India announced their plan to spend USD 552 million to acquire air defense and naval weapons. The Halina missiles, launchers, and associated support equipment are to be integrated into advanced light helicopters.
- November 2021: Turkish Aerospace Industries built and integrated a directional infrared countermeasure system for the A400M multinational heavy transport aircraft.
Aircraft Weapons Market Report - Table of Contents
1. Introduction
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. Market Segmentation
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5.1 Aircraft Type
- 5.1.1 Fixed-wing Aircraft
- 5.1.2 Rotorcraft
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5.2 Weapons Type
- 5.2.1 Bombs
- 5.2.2 Rockets
- 5.2.3 Missiles
- 5.2.4 Guns and Ammunition
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Mexico
- 5.3.4.3 Rest of Latin America
- 5.3.5 Middle East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 Kuwait
- 5.3.5.4 Rest of Middle East and Africa
6. Competitive Landscape
- 6.1 Vendor Market Share
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6.2 Company Profile
- 6.2.1 General Dynamics Corporation
- 6.2.2 Rostec
- 6.2.3 Rheinmetall AG
- 6.2.4 Nexter Systems
- 6.2.5 Northrop Grumman Corporation
- 6.2.6 Raytheon Technologies Corporation
- 6.2.7 MBDA Inc.
- 6.2.8 Diehl Stiftung & Co. KG
- 6.2.9 Tactical Missile Corporation
- 6.2.10 THALES
- 6.2.11 Lockheed Martin Corporation
- 6.2.12 Rafael Advanced Defense Systems Ltd
7. Market Opportunities and Future Trends
** Subject To AvailablityAircraft Weapons Industry Segmentation
Aircraft weapons refer to the weapons which are carried on an aircraft for offensive attack or for defense against enemy aircraft and ground targets. The airport weapons market report includes weapon stations mounted on aircraft and helicopters, as well as related ammunition, missiles, and bombs.
The aircraft weapons market has been segmented into aircraft type, weapons type, and geography. By aircraft type, the market has been segmented into fixed-wing aircraft and rotorcraft. By weapons type, the market has been segmented into bombs, rockets, missiles, and guns and ammunition. By geography, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Moreover, the report offers a market forecast and is represented by USD million.
| Aircraft Type | Fixed-wing Aircraft | |
| Rotorcraft | ||
| Weapons Type | Bombs | |
| Rockets | ||
| Missiles | ||
| Guns and Ammunition | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Mexico | ||
| Rest of Latin America | ||
| Geography | Middle East and Africa | Saudi Arabia |
| United Arab Emirates | ||
| Kuwait | ||
| Rest of Middle East and Africa |
Aircraft Weapons Market Research FAQs
What is the current Aircraft Weapons Market size?
The Aircraft Weapons Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Aircraft Weapons Market?
General Dynamics Corporation, Rostec, Lockheed Martin Corporation, Raytheon Technologies Corporation and MBDA Inc. are the major companies operating in the Aircraft Weapons Market.
Which is the fastest growing region in Aircraft Weapons Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aircraft Weapons Market?
In 2024, the Asia-Pacific accounts for the largest market share in Aircraft Weapons Market.
What years does this Aircraft Weapons Market cover?
The report covers the Aircraft Weapons Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Weapons Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aircraft Weapons Industry Report
Statistics for the 2024 Aircraft Weapons market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Weapons analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
