Weapon Carriage & Release System Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 409.12 Million |
| Market Size (2029) | USD 502.40 Million |
| CAGR (2024 - 2029) | 4.19 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Weapon Carriage & Release System Market Analysis
The Weapons Carriage And Release Systems Market size is estimated at USD 409.12 million in 2024, and is expected to reach USD 502.40 million by 2029, growing at a CAGR of 4.19% during the forecast period (2024-2029).
The emergence of new technologies and platforms has transformed the warfare strategies of nations such as the US, Russia, and China. These countries have diverted their efforts towards the development of sophisticated and powerful weapons that can severely impact enemy strongholds and help attain a tactical advantage in case of an armed standoff. While weapon carriages are being redesigned for specific weaponry, release systems are being used extensively in current warfare scenarios due to their visual superiority and capability of performing pre-emptive strikes on specific locations.
However, the market may be deterred by the design challenges faced by system integrators to incorporate advanced features in their product portfolio without compromising on the payload capacity, aerodynamic profile, and range of a delivery platform. Designers are also required to ensure the availability of sophisticated integrated features and cross-compatibility with the different types of advanced weapon systems from several weapon manufacturers to develop a fully operational weapon carriage and release system, hence rendering a complex outlook to the overall system design.
Furthermore, the growth in the market for weapons transport and release systems is also driven by growing government regulations on border monitoring and the security of citizens against terrorism.
Weapon Carriage & Release System Market Trends
Aircraft Platform to Dominate the Market
Several fleet modernization programs are underway globally in 2023. However, the aircraft fleet expansion and modernization programs contributed to a majority share of such undertaken initiatives due to their high induction rate and relatively higher pricing justified by their inherent sophisticated flight characteristics. The demand for weapon carriage and release systems is directly proportional to the rate of procurement of new combat aerial assets and the modernization of existing ones to increase their lethality. For instance, the Indian Ministry of Defence plans to acquire aircraft to cope with the depleting inventories of the Indian Air Force (IAF). As per the orders, the Indian Air Force will have 40 LCA Tejas fighter jets, 180 LCA Tejas Mark-1A fighter jets, and at least 200 Tejas Mark-2 jets by 2038. Besides, with new missiles being compatible with several aircraft programs, the weapons carriage and release systems are required to be designed accordingly. Such design features drive the growth prospects of the aircraft platform of the market in focus during the forecast period.
North America Dominates the Market in 2019
North America is estimated to account for the largest share of the weapons carriage and release systems market in 2023. The US has one of the most advanced fleets of aerial combat platforms at its disposal and is currently focusing on upgrading its existing fleets. Moreover, the country is a key exporter and consumer of such equipment globally, as it is home to some of the leading suppliers and integrators of weapons carriage and release systems. Between 2023 and 2022, the US enhanced its share of total arms exports from USD 7.5 billion to USD 14.5 billion. With potential adversaries such as Israel, Russia, and China fielding an increasingly diverse, expansive, and modern range of regional offensive missile systems that can threaten the aerial assets of the US forces, its allies, and partners, the US-based defence contractors are actively expanding and modernizing the capabilities of their aerial assets, thereby driving the demand for weapons carriage and release systems. The US indigenously developed the F-22, but due to certain limitations with designing a naval variant, the F-35 program was initiated. The biggest physical difference in the capabilities between the F-22 and the F-35 is their weapon bays. The weapon bay on the F-35 is deeper and narrower than that of the F-22 to carry heavier bombs meant for air-to-ground combat. As of June 2023, nearly 950 F-35s have been manufactured. The aircraft is expected to eventually replace a large number of US jet fighters such as F-16, F/A-18, A-10, F-117, and the Harrier. The F-35 aircraft has two internal weapons bays with two weapons stations each. The aircraft can use six external weapons stations for non-stealthy missions.
Weapon Carriage & Release System Industry Overview
The weapons carriage and release systems are consolidated due to the presence of a few major players. The prominent players in the carriage of the weapons and release systems market are Cobham Limited, RTX Corporation, L3Harris Technologies, Inc., Moog Inc., and The Marvin Group. Vendors are implementing marginal design changes to their offerings to accommodate newer variants of integrated weapons payload. Long-term collaborations are preferred in the market; hence, the threat of entry of a new market player is minimal. For instance, in April 2021, Kratos Defense & Security Solutions, Inc., in partnership with Kratos Unmanned Systems Division and Area-I, successfully tested the XQ-58A Valkyrie’s sixth test/demonstration flight and the first release from its internal weapons bay. The test demonstrated the ability to launch a small, unmanned UAS system from the internal weapons bay. Kratos, Area-I, and AFRL developed software and designed and fabricated the SUAS carriage to enable the successful release of the unmanned UAS system.
Weapon Carriage & Release System Market Leaders
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Cobham Limited
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RTX Corporation
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L3Harris Technologies, Inc.
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The Marvin Group
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Moog Inc.
*Disclaimer: Major Players sorted in no particular order
Weapon Carriage & Release System Market News
December 2022: L3Harris Technologies, Inc. won a USD 29 million contract to provide smart weapon release systems to air forces in Bahrain, Jordan, and Morocco. These forces were to receive BRU-57/A weapon release units to carry out two smart weapons on each hardpoint in their F-16 fighter jets.
February 2022: the Japanese Ministry of Defense sanctioned USD 5.6 billion to upgrade 68 license-built Mitsubishi F-15J Eagle interceptors. These upgrades aimed to improve its radar, electronic warfare, weapons carriage capacity, and standoff weapon capabilities. The upgrade was expected to also equip F-15 aircraft with Lockheed Martin AGM-158 Joint Air-to-Surface Standoff Missile, or JASSM.
Weapon Carriage & Release System 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
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Platform
- 5.1.1 Aircraft
- 5.1.2 Helicopters
- 5.1.3 Unmanned Aerial Vehicles
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5.2 Weapon Type
- 5.2.1 Missiles
- 5.2.2 Bombs
- 5.3 Geography
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5.4 North America
- 5.4.1 United States
- 5.4.2 Canada
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5.5 Europe
- 5.5.1 United Kingdom
- 5.5.2 France
- 5.5.3 Germany
- 5.5.4 Russia
- 5.5.5 Rest of Europe
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5.6 Asia-Pacific
- 5.6.1 China
- 5.6.2 India
- 5.6.3 Japan
- 5.6.4 South Korea
- 5.6.5 Rest of Asia-Pacific
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5.7 Latin America
- 5.7.1 Brazil
- 5.7.2 Mexico
- 5.7.3 Rest of Latin America
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5.8 Middle East and Africa
- 5.8.1 United Arab Emirates
- 5.8.2 Saudi Arabia
- 5.8.3 Turkey
- 5.8.4 South Africa
- 5.8.5 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Cobham Limited
- 6.2.2 RTX Corporation
- 6.2.3 L3Harris Technologies, Inc.
- 6.2.4 Moog Inc.
- 6.2.5 The Marvin Group
- 6.2.6 Marotta Controls, Inc.
- 6.2.7 Alkan
- 6.2.8 Systima Technologies, Inc. (Karman Space & Defense)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityWeapon Carriage & Release System Industry Segmentation
A modern combat aircraft features several types of weaponry, including a plethora of missiles and bombs, to neutralize enemy targets. Thus, the fitment of such weaponry on an aerial platform requires provisions for integration at specified locations under the aircraft fuselage and wings. These provisions are called weapon carriage systems, and these are used in conjunction with release systems to successfully carry weapons and fire them as and when required. The study assimilates data on the design of the weapon carriage and release systems that are integrated into aerial platforms such as aircraft, helicopters, and unmanned aerial vehicles (UAVs). Furthermore, innovations in terms of releasing technologies and future weapon carriage designs are also discussed in the report.
The Weapons Carriage and Release Systems is segmented by platform, weapon type, and geography. Based on vessel type, the market is segmented into Aircraft, Helicopters, and Unmanned Aerial Vehicles. By weapon type, the market is segmented into Missiles and Bombs. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The market sizing and forecasts for all the segments have been provided in value (USD).
| Platform | Aircraft |
| Helicopters | |
| Unmanned Aerial Vehicles | |
| Weapon Type | Missiles |
| Bombs | |
| North America | United States |
| Canada | |
| Europe | United Kingdom |
| France | |
| Germany | |
| Russia | |
| Rest of Europe | |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific | |
| Latin America | Brazil |
| Mexico | |
| Rest of Latin America | |
| Middle East and Africa | United Arab Emirates |
| Saudi Arabia | |
| Turkey | |
| South Africa | |
| Rest of Middle East and Africa |
Weapon Carriage & Release System Market Research FAQs
How big is the Weapons Carriage And Release Systems Market?
The Weapons Carriage And Release Systems Market size is expected to reach USD 409.12 million in 2024 and grow at a CAGR of 4.19% to reach USD 502.40 million by 2029.
What is the current Weapons Carriage And Release Systems Market size?
In 2024, the Weapons Carriage And Release Systems Market size is expected to reach USD 409.12 million.
Who are the key players in Weapons Carriage And Release Systems Market?
Cobham Limited, RTX Corporation, L3Harris Technologies, Inc., The Marvin Group and Moog Inc. are the major companies operating in the Weapons Carriage And Release Systems Market.
Which is the fastest growing region in Weapons Carriage And Release Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Weapons Carriage And Release Systems Market?
In 2024, the North America accounts for the largest market share in Weapons Carriage And Release Systems Market.
What years does this Weapons Carriage And Release Systems Market cover, and what was the market size in 2023?
In 2023, the Weapons Carriage And Release Systems Market size was estimated at USD 392.67 million. The report covers the Weapons Carriage And Release Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Weapons Carriage And Release Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Weapons Carriage & Release System Industry Report
Statistics for the 2024 Weapons Carriage & Release System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Weapons Carriage & Release System analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
