United States/WA: Airborne Weapon Systems for Rotorcraft Market Will Boom In Near Future
Report Pages:[130 Pages]
The Competitive Area of the Airborne Weapon Systems for Rotorcraft Market is Defined by Key Players Like:–The Boeing Company, Bell Helicopters, Sikorsky, Leonardo-Finmeccanica, Changhe Aircraft Industries, Hindustan Aeronautics Limited (HAL), Airbus Defense and Space, Embraer, Lockheed Martin Corporation, Korean Aerospace Industries, Russian Helicopters, MD Helicopters, Turkish Aerospace Industries, Enstrom Helicopters, Rolls-Royce, and Helibras.
Market Overview:
Airborne Weapon systems have been used for many purposes and it has become one of the most important branches of military service. Known as the Warrior Weapon System, the UAVs or Unmanned Aerial Vehicle or UAVs are the future of aerial warfare and they have already paved way for future developments. Today, UAVs (unmanned aerial vehicles) are used in combat zone in a variety of ways. Here are some important details about this amazing piece of technology. Airborne Weapon Systems for Rotorcraft could also be used to knock down incoming enemy ground troops. This capability could include the use of UAVs to shoot down enemy tanks, armored personnel carriers, or other ground targets. UAVs could also be used to deliver cluster or laser-guided bombs to take out hardened enemy bunkers or buildings.
Market Dynamics- Driver & Restraint
Growing expenditure on military and defense practices in a number of countries is expected to drive growth of the global airborne weapon systems for rotorcraft market during the forecast period. The defense budget of many countries has increased significantly over the years. For instance, in December 2019, the U.S. Congress announced a US$ 738-billion defense budget. Such a significant increase in military & defense expenditure has increased the demand for airborne weapon systems.
However, these aircrafts require a long runway for takeoff and landing, and concerns regarding the generation of ample lift against bulky wings are expected to restrain growth of the global airborne weapon systems for rotorcraft market during the forecast period.
Impact of COVID-19 Analysis
Similar to the other markets, airborne weapon systems for rotorcraft market witnessed significant impact due to the COVID-19 pandemic. Many countries have started decreasing their defense budget due to the economic slowdown caused due to nationwide lockdowns and regulations on public gatherings. However, with many countries easing the COVID-19 restrictions, the defense industry is expected to witness steady growth in the near future.
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Key Takeaways
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The global airborne weapon systems for rotorcraft market is expected to witness significant, exhibiting a CAGR of XX% during the forecast period, owing to increasing demand for unmanned aerial vehicles (UAVs). For instance, in July 2021, General Atomics Aeronautical Systems launched a new stealthy missile-armed combat drone LongShot.
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Among regions, North America is expected to witness significant growth in the global airborne weapon systems for rotorcraft market during the forecast period. This is owing to rising technological advancements in the defense weapon industry. For instance, in January 2021, Sikorsky and Boeing launched details of their advanced helicopter for the U.S. Army’s Future Long-range Assault Aircraft competition.
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Asia Pacific is expected to register a robust growth rate, owing to rising defense expenditure and new trends in rotorcraft industry.
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Major companies involved in the global airborne weapon systems for rotorcraft market are The Boeing Company, Russian Helicopters, Bell Helicopters, Turkish Aerospace Industries, Hindustan Aeronautics Limited (HAL), Airbus Defense and Space, Lockheed Martin Corporation, Rolls Royce, and MD Helicopters.
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