Global Airborne Weapon Delivery Systems Market to Reach $3.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Airborne Weapon Delivery Systems estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$3.9 Billion by 2027, growing at aCAGR of 6.6% over the period 2020-2027. Fixed-Wing Fighter Aircraft, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$3.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rotary Wing & UCAV segment is readjusted to a revised 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $735.3 Million, While China is Forecast to Grow at 6.2% CAGR
The Airborne Weapon Delivery Systems market in the U.S. is estimated at US$735.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$681.9 Million by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.We bring years of research experience to this 8th edition of our report. The 107-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- BAE Systems PLC
- Boeing Company, The
- CMC Electronics Inc.
- Elbit Systems Ltd.
- General Dynamics Mission Systems, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- SAAB AB