The global airborne weapon system market was valued at $80.5 billion in 2021 and is expected to grow 3.7% year on year to $83.6 billion in 2022. Demand is expected to rise at a 3.6% value CAGR during the 2022-2032 forecast period, reaching US$ 119 billion by the end of the forecast period.
Overall, until 2032, the airborne weapon system landscape is expected to generate an absolute dollar opportunity worth US$ 38.5 billion. Sales of airborne weapon systems for fighter jets are expected to grow at a CAGR of 3.1% between 2015 and 2021. Furthermore, airborne missiles will continue to be the primary weapon of choice, with a CAGR of 3.8% expected from 2022 to 2032. North America will remain at the forefront, generating a US$ 13 billion opportunity during the forecast period.
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Airborne Weapon System Market Insights Segmentation
- Airborne Weapon System by Aircraft Type
- Airborne Weapon System for Fighter Jets
- Airborne Weapon System for Helicopters
- Airborne Weapon System by Weapons Type
- Airborne Bombs
- Airborne Guns
- Airborne Rifles
- Airborne Missiles
- Other Airborne Weapons
- Airborne Weapon System by Region
- North America Airborne Weapon System Market
- Europe Airborne Weapon System Market
- Asia Pacific Airborne Weapon System Market
- Latin America Airborne Weapon System Market
- Middle East & Africa Airborne Weapon System Market
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Essential Takeaways from the Airborne Weapon System Market Insights Report
- Comparison of prominent players operating in the Airborne Weapon System Market Insights.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain of the Airborne Weapon System Market Insights.
- Growth opportunities for emerging market players in various regional markets.
- Current trends influencing the scenario of the Airborne Weapon System Market Insights.
Important queries related to the Airborne Weapon System Market Insights addressed in the report:
- Who are the most prominent players in the Airborne Weapon System Market Insights?
- What are the factors that are likely to hinder the growth of the Airborne Weapon System Market Insights during the forecast period ?
- Why is the concentration of tier-1 companies high in specific region?
- How are the soaring prices of raw materials impacting the demand for keyword?
- Why are market players eyeing opportunities in particular region?
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