LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global airborne weapon delivery systems market report. This research report also lists four other prominent vendors that are expected to impact the market during the forecast period.
Since the last several decades, major defense spenders like the US, Russia, China, and the UK have made substantial investments in the development and procurement of next-generation airborne platforms, which can augment their attack and defense capabilities. The growing territorial disputes between countries have increased the focus on acquiring deep strike capabilities, necessitating defense agencies to acquire long-endurance attack platforms.
Competitive vendor landscape
The global airborne weapon delivery systems market is highly fragmented with the presence of many prominent players competing for market share. Due to strict safety and regulatory norms, along with the requirements for substantial investment, the entry of new vendors is anticipated to get restricted during the forecast period.
“Due to the rapid adoption of unmanned combat aerial vehicles and multirole aircraft, the demand for weapon delivery systems and equipment has led to substantial investments in the technology across the globe,” says Moutushi Saha, a lead defense research analyst from Technavio.
Companies with superior technical and financial resources can bring substantial changes in the existing payloads and subsystems. This will help them realize the development costs in a shorter development cycle time. Small companies can establish collaborations to compete with existing prominent vendors.
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Top five airborne weapon delivery systems market vendors
BAE Systems manufactures and designs armament control systems, weapon turrets, weapon control computers, motor control units, and IR/CCD sensors for various fixed-wing and rotary wing aircraft including A-10, F-16, and F-22. The company markets its weapon systems for Bell Boeing V-22 Ospre under Remote Guardian System.
Boeing designs, manufactures, and supplies military aircraft, combat helicopters, UAVs, and associated weapon and support systems to its customers in the global defense industry. It also offers field operations and logistics, flight demonstration, training, and payloads directorate services.
Elbit Systems provides advanced electronics defense systems for military aircraft and helicopters. The company provides structural modifications, advanced avionics systems, display and sight helmets, advanced weapons and pods, and multimode radars for fighter aircraft.
General Dynamics collaborated with defense agencies to manufacture and market advanced mission computers primarily for F/A -18 Super Hornet and AV-8B Harrier aircraft. Such advanced mission computers enable superior situational awareness and effective weapon control.
Lockheed Martin designs, manufactures, and supplies military aircraft, combat helicopters, UAVs, and associated weapon and support systems to its customers in the global defense industry. The company plays a key role in the development of fighter jet aircraft. Its portfolio includes F-16 Fighting Falcon, F-22 Raptor, and F-35 Lightning II.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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