Aircraft Weapons Market Size (2024 - 2029)

The aircraft weapons market is projected to experience growth over the forecast period, driven by the increasing demand for advanced weapon systems and next-generation fighter aircraft. The market's expansion is supported by the removal of pandemic-related trade barriers, which has facilitated the production and supply of aircraft weapon systems. Additionally, the integration of autonomy and artificial intelligence into weapon systems is expected to create new opportunities, further contributing to the market's growth.

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Market Size of Aircraft Weapons Industry

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Aircraft Weapons Market Summary
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

Aircraft Weapons Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
United Arab Emirates
Kuwait
Rest of Middle East and Africa
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Aircraft Weapons Market Size Summary

The aircraft weapons market is poised for growth, driven by the increasing demand for advanced weapon systems to enhance air combat capabilities. The market experienced setbacks due to the COVID-19 pandemic, which disrupted supply chains and led to production delays. However, the easing of pandemic-related restrictions has facilitated trade and boosted production. The demand for next-generation fighter aircraft and remote weapons, such as autocannons and machine guns, is expected to propel market growth. Additionally, the integration of autonomy and artificial intelligence into weapon systems is anticipated to create new opportunities, further driving the market's expansion.

The rotorcraft segment is projected to experience significant growth, with countries upgrading helicopters and developing new attack models equipped with advanced armaments. The Asia Pacific region is expected to witness substantial growth due to increased military spending by countries like China, India, Japan, and Indonesia, driven by territorial and political tensions. These nations are procuring new fighter jets and attack helicopters, fueling demand for aircraft weapons. Prominent players in the market, such as General Dynamics Corporation, Rostec, Raytheon Company, and Lockheed Martin Corporation, are actively developing advanced weapon systems, contributing to the market's growth and geographical expansion.

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Aircraft Weapons Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. Market Segmentation

    1. 2.1 Aircraft Type

      1. 2.1.1 Fixed-wing Aircraft

      2. 2.1.2 Rotorcraft

    2. 2.2 Weapons Type

      1. 2.2.1 Bombs

      2. 2.2.2 Rockets

      3. 2.2.3 Missiles

      4. 2.2.4 Guns and Ammunition

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Mexico

        3. 2.3.4.3 Rest of Latin America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 Kuwait

        4. 2.3.5.4 Rest of Middle East and Africa

Aircraft Weapons Market Size FAQs

The Aircraft Weapons Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

General Dynamics Corporation, Rostec, Lockheed Martin Corporation, Raytheon Technologies Corporation and MBDA Inc. are the major companies operating in the Aircraft Weapons Market.

Aircraft Weapons Report Snapshots

Aircraft Weapons Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)