DUBLIN--(BUSINESS WIRE)--The "Global Aircraft Weapons Market - Global Analysis, Forecast and Trends (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The high budget spending has provided impetus to the aircraft weapons market growth. Globally, USD 1,756 billion is being spent for defense products and solutions up-gradation, of which the US alone accounts for USD 721.03 billion: the highest military expenditure made among other nations.
Increasing militarization and push towards better accuracy at reduced cost of military equipment are the main factors fuelling the growth of the global aircraft weapons market. The increasing threat of terrorists has resulted in greater need for high accuracy in weapons that can be used for focused attacks. Need for defense capabilities in aircraft transporting high-value cargo has also helped in the growth of the market. Increase in international border disputes and race for regional supremacy has also helped in the expansion of the aircraft weapons market.
Technological advancement is one of the key factors fueling the demand of air-dropped bombs in the aircraft weapons market.
New generation aircraft weapons are designed to be highly accurate and easily controllable by the pilot. These weapons can be used for both offense and defense and can be used to arm different aircraft like combat helicopters, fighter jets, VIP transportation aircraft, and military transport aircraft. Greater computer control is utilized in these weapons in order to reduce human error.
- Boeing Company
- Lockheed Martin
- Northrop Grumman
- CACI International
- DynCorp International
- ManTech International Corporation
- Rheinmetall S.A.
- Elbit Systems
- Ball Aerospace & Technologies
Key Topics Covered:
2. Research Methodology
3. Market Insights
4. Global Aircraft Weapons Market, Segmented by Type
5. Global Aircraft Weapons Market, Segmented by Geography
6. Competitive Landscape
7. Company Profiles
8. Future Outlook
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