Weapons Carriage & Release System Market worth $671 million by 2031
The weapons carriage & release systems market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. The rising demand of different types of missiles with various ranges to defend the nation from various threat is driving the market are fueling the growth of the weapons carriage & release systems market.
In the global Helicopters segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$76 Million in the year 2020 will reach a projected size of US$93.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$73.5 Million by the year 2027, while Latin America will expand at a 3.4% CAGR through the analysis period.
Select Competitors (Total 34 Featured):
Alkan
Cobham PLC
Ferra Engineering Pty LTD
Harris Corporation
Marotta Controls
Marvin Group
Moog, Inc.
Rafaut Group
Raytheon Company
Ruag Group
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