The weapons carriage & release system market is estimated to be USD 462 million in 2019 and is projected to reach USD 554 million by 2025, at a CAGR of 3.1% from 2019 to 2025. The increasing induction of new airborne platforms, rising demand for pneumatic release systems, and growing use of different ranges and types of missiles have led to the growth in demand for weapons carriage & release systems.

Based on weapon type, missiles segment projected to register highest CAGR from 2019 to 2025

Among the weapon types, missiles are anticipated to witness the highest demand during the forecast period. There is increasing use of different ranges and types of missiles, due to which the demand for missile-related carriage & release systems is expected to increase. There has also been an increase in the adoption of air-to-air and air-to-ground missiles with extended ranges in fighter aircraft. Additionally, the fifth-generation aircraft has been using a new range of adapters for the carriage of missiles.

OEM segment to lead weapons carriage & release system market during forecast period

Based on end use, the market has been segmented into OEM and aftermarket. The OEM segment is expected to capture a larger market share due to the increasing inventory of newly inducted airborne platforms. These airborne platforms have increasing applications in anti-submarine warfare, air-to-ground support, and air defense roles. Moreover, the development of a new range of missiles, such as beyond visual range missiles and anti-radiation missiles, for newly inducted platforms has also contributed to the demand for OEMs.

Europe expected to have larger share in weapons carriage & release system market from 2019 to 2025

The market in Europe is expected to grow significantly due to a rise in the deployment of fighter aircraft, such as Eurofighter Typhoon, Dassault Rafale, Saab Gripen, and F-35, in various European countries, including the UK, Italy, Turkey, and Finland. The induction of UAVs loaded with missiles and bombs for combat roles has also led to an increase in demand for weapons carriage & release systems in Europe.

Countries in this region are also running various fighter aircraft upgradation programs, which have led to the increasing demand for weapons carriage & release systems. For instance, the French government in November 2018 committed to a USD 2.3 billion upgrade for the Rafale fighter aircraft.

Key Market Players

Some of the key market players are Harris Corporation (US), Ultra Electronics (US), Marvin Group (US), Marotta Controls (US), Moog Inc. (US), RUAG Group (Switzerland), Systima Technologies, Inc. (US), Raytheon Company (US), Cobham plc (UK), ALKAN (France), and RAFAUT Group (France).

Cobham is one of the major suppliers of weapons carriage and release systems to defense customers worldwide. The company provides these systems for different types of combat aircraft. The company is focused on acquiring contracts to strengthen its position in the weapon carriage & release system market. As per its annual report for 2018, Cobham recorded an outstanding operating performance, with a revenue of USD 2.4 billion, growing at a rate of 5.9% annually.

Harris Corporation has government and commercial customers in more than 100 countries and earns approximately USD 6 billion in annual revenue. The company has a large pool of products that cater to the weapon carriage & release market. It has won various contracts from the US DoD. As a part of its growth strategy, the company, on June 2019, announced its merger with L3 Technologies, which reported a revenue of USD 10 billion in 2018.

Scope of the Report

Report Metric Details Market Size Available for Years 2017�2025 Base Year Considered 2018 Forecast Period 2019�2025 Forecast Units Value (USD) Segments Covered Platform, Weapon Type, Systems Component, End Use, and Region Geographies Covered North America, Asia Pacific, Europe, Middle East, and Rest of the World Companies Covered Harris Corporation (US), Ultra Electronics (US), Marvin Group (US), Marotta Controls (US), Moog Inc. (US), RUAG Group (Switzerland), Systima Technologies, Inc. (US), Raytheon Company (US), Cobham plc (UK), ALKAN (France), and RAFAUT Group (France), among others

This research report categorizes the weapons carriage & release system market based on platform, weapon type, systems component, end use, and region.

On the basis of Platform, the weapons carriage & release system market has been segmented as follows:

Fighter Aircraft

Combat Support Aircraft

Helicopters

UAVs

On the basis of Weapon Type, the weapons carriage & release system market has been segmented as follows:

Missiles

Bombs

Rockets

Torpedoes

On the basis of Systems Component, the weapons carriage & release system market has been segmented as follows:

Carriage System

Release System

On the basis of End Use, the weapons carriage & release system market has been segmented as follows:

OEM

Aftermarket

On the basis of Region, the weapons carriage & release system market has been segmented as follows:

North America

Europe

Asia Pacific

Middle East

Rest of the World (RoW)

Recent Developments

In April 2019, Raytheon was awarded a contract worth USD 47.3 million by the US Department of Defense for 99 LAU-115 and 100 LAU-116 guided missile launchers for the US Navy as well as 62 LAU-115 and 68 LAU-116 guided missile launchers for the government of Kuwait.

In June 2019, Harris Corporation announced its merger with L3 Technologies. The two merged companies will be renamed L3 Harris Technologies, Inc., with the shares of L3 Harris common stock to be traded on the NYSE under the ticker symbol �LHX�.

Key Questions Addressed by the Report

What is the growth prospect of the weapons carriage & release system market and the key dynamics and trends governing the market?

What are key sustainability strategies adopted by the leading players in the market?

What are the new and emerging technologies and use cases disrupting the market?

What are the new products developed by companies in the market?

What are the new ranges of platforms where these systems will be adopted in the next five years?

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