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Aircraft Weapons Market Share

Report ID: GMI6992
Published Date: Oct 2023
Report Format: PDF

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Aircraft Weapons Market Share

The aircraft weapon industry is highly competitive owing to the presence of key players such as:

Boeing Company
General Dynamics
Lockheed Martin
MDBA
Northrop Grumman
SAAB
Thales group

Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches as well as collaborations and long-term agreements with clients to capture market share are positively impacting market growth.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for aircraft weapons was USD 9.6 billion in 2022 and will register over 8% CAGR from 2023-2032 due to the rising advances in stealth technology and long-range precision strike capabilities worldwide.

Aircraft weapons market from the fixed-wing aircraft type segment is expected to register over 8% CAGR from 2023-2032 owing to the rising trend towards precision-guided munitions (PGMs) and smart weapons.

Asia-Pacific aircraft weapons industry is expected to register appreciable CAGR from 2023-2032 owing to the rapid industrialization, rising demand for automation solutions, and the greater need for cost-effective labor alternatives in the region.

Boeing Company, General Dynamics, Lockheed Martin, MDBA, Northrop Grumman, SAAB, and Thales group are some of the major aircraft weapons companies worldwide.