Airborne Weapon System Market Size, Trends and Insights By Aircraft Type (Fighter Jets, Helicopters), By Weapon Type (Bomb, Guns, Rifles, Missiles, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Lockheed Martin Corporation
- The Boeing Company
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- BAE Systems plc
- Others
Reports Description
Global Airborne Weapon System Market was valued at USD 85.5 Billion in 2024 and is expected to reach USD 129.6 Billion by 2033, at a CAGR of 4.2% during the forecast period 2024 – 2033.
Airborne weapon systems are military hardware and technology that may be launched from aeroplanes to engage targets on land, in the air, or at sea. These systems may comprise a wide range of armaments, including missiles, bombs, torpedoes, and rockets, as well as related guidance systems, detectors, and delivery mechanisms.
Airborne Weapon System Market: Growth Factors
Surge in global conflict and terrorism
Heightened international conflicts and a growing number of non-governmental organizations have led to increased demand for developed military equipment, such as airborne weapon systems, to ensure national security and defence security.
Countries facing security concerns invest in updating their air forces with contemporary aircraft outfitted with advanced armament systems to deter prospective enemies and respond quickly to new challenges.
Furthermore, the changing nature of wars, marked by asymmetric warfare and unconventional tactics used by terrorist organisations, has highlighted the significance of precision attack capabilities provided by airborne weapon systems. These technologies let armed forces precisely target hostile assets while minimising collateral harm, hence increasing operational efficiency and lowering civilian deaths.
Moreover, advances in technology which include the invention of unmanned aerial vehicles (UAVs) and precision-guided weapons have altered the airborne weapon systems market by providing improved surveillance, reconnaissance, and intelligence-gathering (ISR) capabilities, as well as increased precision and lethality when targeting hostile forces.
In general, the increasing dangers posed by global conflict and terrorism drive demand for innovative airborne weapon systems, prompting defence organisations and businesses to invest in advanced aerial platforms and ammunition for effective responses to resulting safety issues.
Rising advancement in national security systems
Advances in national security systems drive the airborne weapon systems industry by encouraging the development and deployment of advanced military capabilities. As countries strive to strengthen their defence capabilities in response to changing threats, there is a rising emphasis on improving the efficacy, accuracy, and adaptability of aerial weapon systems.
Sensor technology, information fusion, artificial intelligence, and communication networks are examples of technological advances that allow sophisticated features to be integrated into airborne platforms such as unmanned aerial vehicles (UAVs), fighter planes, and helicopters.
These developments allow aerial weapon systems to deliver better situational awareness, target recognition, and engagement capabilities, resulting in improved operational efficiency and mission success.
Furthermore, the incorporation of network-centric warfare ideas, as well as the adoption of joint and combined military operations, increase the requirement for compatible airborne weapon systems that can interact smoothly with other parts of the national security apparatus.
Furthermore, the growing emphasis on precision attacks, fast reaction capabilities, and long-range standoff capabilities encourages investments in next-generation aerial weapon systems.
In general, developments in national security systems spur technical innovation and fuel the development of the airborne weapon systems market by allowing armed forces to sustain supremacy in an ever-evolving and changing threat context.
Airborne Weapon System Market: Restraints
High production costs
These systems need advanced technology, precision engineering, and specialised materials, all of which add to significant production costs. Additionally, demanding quality control systems and regulatory compliance raise production costs.
Furthermore, the complexity of aerial weapon systems frequently involves collaboration among various suppliers and subcontractors, resulting in additional layers of coordination and administrative overheads that can raise prices. Moreover, research and development (R&D) investments are significant in this industry, as continual innovation is required to retain technical dominance and counter emerging challenges.
These R&D costs are subsequently passed on to the production phase, raising the total expenses of production. High manufacturing costs influence affordability and accessibility, especially for defence budgets limited by economic limitations or conflicting objectives.
Governments and defence organisations may have difficulties in acquiring and maintaining fleets of airborne weapon systems, potentially resulting in delays or cutbacks in procurement programmes.
Airborne Weapon System Market: Opportunities
Escalating demand for remote weapon system
The increasing need for remote weapon systems (RWS) is a major driver of growth in the airborne weapon systems industry. RWS provide various benefits, including greater accuracy, situational awareness, and operator safety by allowing them to attack targets from a distance.
This feature is especially useful in current military operations when the ability to fight threats while minimising troop exposure is essential. In the framework of airborne weapon systems, integrating RWS onto aircraft platforms offers various strategic benefits.
It improves the aircraft’s offensive capabilities by letting it hit land and naval targets with precision-guided weapons from long distances. This is especially critical in asymmetric combat scenarios and urban locations, where traditional close air support might offer substantial dangers.
Furthermore, integrating RWS into unmanned aerial vehicles (UAVs) or drones increases the operational flexibility and reach of airborne assets. UAVs outfitted with RWS can carry out reconnaissance, surveillance, and strike missions with less danger to human operators, making them significant assets in current military operations.
The Ministry of Defence has signed a deal with Advanced Weapon Equipment India Ltd (AWEIL), Kanpur, to produce and deliver 463 indigenously made 12.7 mm Stabilised Remote Control Guns (SRCG) for the Indian Navy and Indian Coast Guard.
Airborne Weapon System Market: Segmentation Analysis
The Global Airborne Weapon System market is segmented by aircraft type, weapon type and region. Based on aircraft type, the market is classified into fighter jets and helicopters. Fighter Jets dominated the market in 2023 with a market share of 57.8% and are expected to keep their dominance during the forecast period 2024-2033.
Fighter aircraft play an important role in driving the airborne weapon systems industry for various reasons. Fighter planes are vital platforms for national defence and military operations, necessitating sophisticated and adaptable armament systems to sustain air supremacy and combat effectiveness.
As military engagements change and adversaries create increasingly complex threats, there is an ongoing need for improved airborne weapons that can engage a wide range of targets with accuracy and lethality. Fighter planes are the principal delivery systems for these weapons, which include air-to-air missiles, air-to-ground missiles, precision-guided bombs, and standoff weapons.
Furthermore, technical developments in fighter aircraft capabilities, such as covert operations, electronic warfare, and network-focused warfare, stimulate the creation of complementing airborne weapon systems to ensure compatibility and combat effectiveness.
Based on weapon type, the market is classified into bombs, guns, rifles, missiles and others. Missiles dominated the market in 2023 with a market share of 30.5% and are expected to keep their dominance during the forecast period 2024-2033. Missiles play an important part in driving the airborne weapon systems industry because of their mobility, accuracy, and efficiency in modern combat.
As governments engage in upgrading their military and defence capacities, there is an increased need for powerful aerial weapon systems outfitted with advanced missile technology. Missiles allow aircraft to engage targets with accuracy from a safe distance, increasing combat capabilities while reducing pilot danger.
Moreover, advances in missile technology, including as guidance systems, propulsion, and stealth characteristics, have resulted in the creation of next-generation airborne weapon systems capable of engaging a diverse spectrum of targets with greater lethality and precision. As a result, the demand for aircraft equipped with such missile platforms drives growth and development in the airborne weapon systems industry worldwide.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 85.5 Billion |
| Projected Market Size in 2033 | USD 129.6 Billion |
| Market Size in 2023 | USD 82.9 Billion |
| CAGR Growth Rate | 4.2% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Aircraft Type, Weapon Type and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Airborne Weapon System Market: Regional Insight
By region, Airborne Weapon System market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. North America dominated the global Airborne Weapon System market in 2023 with a market share of 39.1% and is expected to keep its dominance during the forecast period 2024-2033.
North America is home to some of the world’s major defence companies, including Lockheed Martin, Northrop Grumman, and Boeing, which are pioneering the development of modern aerial weapons systems and technology.
Furthermore, as a significant global military power, the United States spends extensively on defence purchasing and refurbishment programmes, such as next-generation fighter planes, unmanned aerial vehicles (UAVs), and missile defence systems, which increases demand for airborne weapon systems.
Furthermore, the region benefits from a strong aerospace and defence sector ecosystem that includes research institutions, government agencies, and a competent workforce, supporting innovation and technical improvements in airborne weaponry.
Furthermore, strategic alliances and defence collaborations with ally states reinforce North America’s leadership in the aerial weapon systems industry, reinforcing its position as a key driver of global defence capabilities.
Airborne Weapon System Market: Recent Developments
- In July 2022, Lockheed Martin produced a compact directed energy weapon for the Air Force Research Lab, a key achievement in the service’s effort to equip a tactical fighter jet with a laser capable of shooting down anti-aircraft missiles.
- In April 2024, the Multi-Function Electronic Warfare Air Large (MFEW) system served as the Army’s sole airborne electronic warfare system that has limited cyber capacity, organic to combat aviation units and supporting manoeuvre commanders on the ground.
- In November 2022, two new air-to-surface weapons were introduced at the Airshow China 2022 exhibition. The AKF98A looks to be an autonomous precision-guided stand-off missile, comparable to Lockheed Martin’s AGM-158 Joint Air-to-Surface Standoff Missile (JASSM) and MBDA’s Storm Shadow stand-off land-attack cruise missile.
List of the prominent players in the Airborne Weapon System Market:
- Lockheed Martin Corporation
- The Boeing Company
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- BAE Systems plc
- Saab AB
- Airbus SE
- Thales Group
- Leonardo S.p.A.
- General Dynamics Corporation
- Rafael Advanced Defense Systems Ltd.
- Mitsubishi Heavy Industries Ltd.
- Dassault Aviation SA
- Kongsberg Gruppen ASA
- MBDA
- Textron Inc.
- Hanwha Corporation
- L3Harris Technologies Inc.
- Elbit Systems Ltd.
- Indra Sistemas S.A.
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Airborne Weapon System Market is segmented as follows:
By Aircraft Type
- Fighter Jets
- Helicopters
By Weapon Type
- Bomb
- Guns
- Rifles
- Missiles
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Airborne Weapon System Market, (2024 – 2033) (USD Billion)
- 2.2 Global Airborne Weapon System Market: snapshot
- Chapter 3. Global Airborne Weapon System Market – Industry Analysis
- 3.1 Airborne Weapon System Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Surge in global conflict and terrorism
- 3.2.2 Rising advancement in national security systems
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Aircraft Type
- 3.7.2 Market Attractiveness Analysis By Weapon Type
- Chapter 4. Global Airborne Weapon System Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Airborne Weapon System Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Airborne Weapon System Market – Aircraft Type Analysis
- 5.1 Global Airborne Weapon System Market Overview: By Aircraft Type
- 5.1.1 Global Airborne Weapon System Market Share, By Aircraft Type, 2023 and 2033
- 5.2 Fighter Jets
- 5.2.1 Global Airborne Weapon System Market by Fighter Jets, 2024 – 2033 (USD Billion)
- 5.3 Helicopters
- 5.3.1 Global Airborne Weapon System Market by Helicopters, 2024 – 2033 (USD Billion)
- 5.1 Global Airborne Weapon System Market Overview: By Aircraft Type
- Chapter 6. Global Airborne Weapon System Market – Weapon Type Analysis
- 6.1 Global Airborne Weapon System Market Overview: By Weapon Type
- 6.1.1 Global Airborne Weapon System Market Share, By Weapon Type, 2023 and 2033
- 6.2 Bomb
- 6.2.1 Global Airborne Weapon System Market by Bomb, 2024 – 2033 (USD Billion)
- 6.3 Guns
- 6.3.1 Global Airborne Weapon System Market by Guns, 2024 – 2033 (USD Billion)
- 6.4 Rifles
- 6.4.1 Global Airborne Weapon System Market by Rifles, 2024 – 2033 (USD Billion)
- 6.5 Missiles
- 6.5.1 Global Airborne Weapon System Market by Missiles, 2024 – 2033 (USD Billion)
- 6.6 Others
- 6.6.1 Global Airborne Weapon System Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Airborne Weapon System Market Overview: By Weapon Type
- Chapter 7. Airborne Weapon System Market – Regional Analysis
- 7.1 Global Airborne Weapon System Market Regional Overview
- 7.2 Global Airborne Weapon System Market Share, by Region, 2023 & 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Airborne Weapon System Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.4 North America Airborne Weapon System Market, by Aircraft Type, 2024 – 2033
- 7.4.1 North America Airborne Weapon System Market, by Aircraft Type, 2024 – 2033 (USD Billion)
- 7.5 North America Airborne Weapon System Market, by Weapon Type, 2024 – 2033
- 7.5.1 North America Airborne Weapon System Market, by Weapon Type, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Airborne Weapon System Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Airborne Weapon System Market, by Aircraft Type, 2024 – 2033
- 7.7.1 Europe Airborne Weapon System Market, by Aircraft Type, 2024 – 2033 (USD Billion)
- 7.8 Europe Airborne Weapon System Market, by Weapon Type, 2024 – 2033
- 7.8.1 Europe Airborne Weapon System Market, by Weapon Type, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Airborne Weapon System Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Airborne Weapon System Market, by Aircraft Type, 2024 – 2033
- 7.10.1 Asia Pacific Airborne Weapon System Market, by Aircraft Type, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Airborne Weapon System Market, by Weapon Type, 2024 – 2033
- 7.11.1 Asia Pacific Airborne Weapon System Market, by Weapon Type, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Airborne Weapon System Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Airborne Weapon System Market, by Aircraft Type, 2024 – 2033
- 7.13.1 Latin America Airborne Weapon System Market, by Aircraft Type, 2024 – 2033 (USD Billion)
- 7.14 Latin America Airborne Weapon System Market, by Weapon Type, 2024 – 2033
- 7.14.1 Latin America Airborne Weapon System Market, by Weapon Type, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Airborne Weapon System Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Airborne Weapon System Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Airborne Weapon System Market, by Aircraft Type, 2024 – 2033
- 7.16.1 The Middle-East and Africa Airborne Weapon System Market, by Aircraft Type, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Airborne Weapon System Market, by Weapon Type, 2024 – 2033
- 7.17.1 The Middle-East and Africa Airborne Weapon System Market, by Weapon Type, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Lockheed Martin Corporation
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 The Boeing Company
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Northrop Grumman Corporation
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Raytheon Technologies Corporation
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 BAE Systems plc
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Saab AB
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Airbus SE
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Thales Group
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Leonardo S.p.A.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 General Dynamics Corporation
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Rafael Advanced Defense Systems Ltd.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Mitsubishi Heavy Industries Ltd.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Dassault Aviation SA
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Kongsberg Gruppen ASA
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 MBDA
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Textron Inc.
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Hanwha Corporation
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 L3Harris Technologies Inc.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Elbit Systems Ltd.
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Indra Sistemas S.A.
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Others.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 Lockheed Martin Corporation
List Of Figures
Figures No 1 to 21
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Lockheed Martin Corporation
- The Boeing Company
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- BAE Systems plc
- Saab AB
- Airbus SE
- Thales Group
- Leonardo S.p.A.
- General Dynamics Corporation
- Rafael Advanced Defense Systems Ltd.
- Mitsubishi Heavy Industries Ltd.
- Dassault Aviation SA
- Kongsberg Gruppen ASA
- MBDA
- Textron Inc.
- Hanwha Corporation
- L3Harris Technologies Inc.
- Elbit Systems Ltd.
- Indra Sistemas S.A.
- Others
FAQs
The restraints of the Airborne Weapon System market is high production costs.
The major driver for the Airborne Weapon System market is surge in global conflict and terrorism and rising advancement in national security systems.
The “Fighter Jets” category dominated the market in 2023.
The key players in the market are Lockheed Martin Corporation, The Boeing Company, Northrop Grumman Corporation, Raytheon Technologies Corporation, BAE Systems plc, Saab AB, Airbus SE, Thales Group, Leonardo S.p.A., General Dynamics Corporation, Rafael Advanced Defense Systems Ltd., Mitsubishi Heavy Industries Ltd., Dassault Aviation SA, Kongsberg Gruppen ASA, MBDA, Textron Inc., Hanwha Corporation, L3Harris Technologies Inc., Elbit Systems Ltd., Indra Sistemas S.A., Others.
“North America” had the largest share in the Airborne Weapon System Market.
The global market is projected to grow at a CAGR of 4.2% during the forecast period, 2024-2033.
The Airborne Weapon System Market size was valued at USD 85.5 Billion in 2024.