Who are the key players in Aircraft Weapons Market?

General Dynamics Corporation, Rostec, Lockheed Martin Corporation, MBDA Inc. and RTX Corporation are the major companies operating in the Aircraft Weapons Market. Read More

Which is the fastest growing region in Aircraft Weapons Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aircraft Weapons Market?

In 2024, the Asia-Pacific accounts for the largest market share in Aircraft Weapons Market. Read More

What years does this Aircraft Weapons Market cover, and what was the market size in 2023?

In 2023, the Aircraft Weapons Market size was estimated at USD 10.43 billion. The report covers the Aircraft Weapons Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Weapons Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aircraft Weapons Market Size

Market Size of Aircraft Weapons Industry

Study Period	2019 - 2029
Market Size (2024)	USD 11.37 Billion
Market Size (2029)	USD 16.90 Billion
CAGR (2024 - 2029)	8.25 %
Fastest Growing Market	North America
Largest Market	Asia-Pacific
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Aircraft Weapons Market Analysis

The Aircraft Weapons Market size is estimated at USD 11.37 billion in 2024, and is expected to reach USD 16.90 billion by 2029, at a CAGR of 8.25% during the forecast period (2024-2029).

The increasing demand for next-generation fighter aircraft to strengthen countries' air combat capabilities through various procurement and modernization schemes is anticipated to generate demand for the aircraft weapons market. Moreover, the demand for new remote weapons, like autocannons and machine guns mounted on military helicopters, is anticipated to propel the market's growth during the forecast period.

On the other hand, the integration of autonomy and artificial intelligence to further increase weapon systems' capabilities is expected to open new market opportunities for aircraft weapons in the future.

Many governments grapple with financial constraints when developing, procuring, and maintaining advanced weapon systems. This is largely due to the high costs involved. Consequently, these budgetary limitations often impede growth and innovation in the aerospace and defense sector. They manifest as procurement delays, program cutbacks, and diminished investments in novel weaponry. Such constraints hinder military modernization efforts and curtail the deployment of state-of-the-art technologies.

Aircraft Weapons Industry Segmentation

Aircraft weapons refer to weapons carried on an aircraft for offensive attack or defense against enemy aircraft and ground targets. The airport weapons market report includes weapon stations mounted on aircraft and helicopters and related ammunition, missiles, and bombs.

The aircraft weapons market has been segmented into aircraft type, weapons type, and geography. By aircraft type, the market has been segmented into fixed-wing aircraft and rotorcraft. By weapons type, the market has been segmented into bombs, rockets, missiles, and guns and ammunition. The report also covers the market sizes and forecasts for the aircraft weapons market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Aircraft Type
		Fixed-wing Aircraft
		Rotorcraft

Weapons Type
		Bombs
		Rockets
		Missiles
		Guns and Ammunition

Geography

North America
	United States
	Canada

Europe
	Germany
	United Kingdom
	France
	Russia
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	South Korea
	Rest of Asia-Pacific

Latin America
	Brazil
	Mexico
	Rest of Latin America

Middle East and Africa
	Saudi Arabia
	United Arab Emirates
	Kuwait
	Rest of Middle East and Africa

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Aircraft Weapons Market Size Summary

The aircraft weapons market is poised for growth, driven by the increasing demand for advanced weapon systems to enhance air combat capabilities. The market experienced setbacks due to the COVID-19 pandemic, which disrupted supply chains and led to production delays. However, the easing of pandemic-related restrictions has facilitated trade and boosted production. The demand for next-generation fighter aircraft and remote weapons, such as autocannons and machine guns, is expected to propel market growth. Additionally, the integration of autonomy and artificial intelligence into weapon systems is anticipated to create new opportunities, further driving the market's expansion.

The rotorcraft segment is projected to experience significant growth, with countries upgrading helicopters and developing new attack models equipped with advanced armaments. The Asia Pacific region is expected to witness substantial growth due to increased military spending by countries like China, India, Japan, and Indonesia, driven by territorial and political tensions. These nations are procuring new fighter jets and attack helicopters, fueling demand for aircraft weapons. Prominent players in the market, such as General Dynamics Corporation, Rostec, Raytheon Company, and Lockheed Martin Corporation, are actively developing advanced weapon systems, contributing to the market's growth and geographical expansion.

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Aircraft Weapons Market Size - Table of Contents

1. Market Dynamics
1. 1.1 Market Overview
2. 1.2 Market Drivers
3. 1.3 Market Restraints
4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.4.1 Threat of New Entrants
  2. 1.4.2 Bargaining Power of Buyers/Consumers
  3. 1.4.3 Bargaining Power of Suppliers
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. Market Segmentation
1. 2.1 Aircraft Type
  1. 2.1.1 Fixed-wing Aircraft
  2. 2.1.2 Rotorcraft
2. 2.2 Weapons Type
  1. 2.2.1 Bombs
  2. 2.2.2 Rockets
  3. 2.2.3 Missiles
  4. 2.2.4 Guns and Ammunition
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
  2. 2.3.2 Europe
    1. 2.3.2.1 Germany
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 France
    4. 2.3.2.4 Russia
    5. 2.3.2.5 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 Japan
    3. 2.3.3.3 India
    4. 2.3.3.4 South Korea
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 Latin America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Mexico
    3. 2.3.4.3 Rest of Latin America
  5. 2.3.5 Middle East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 United Arab Emirates
    3. 2.3.5.3 Kuwait
    4. 2.3.5.4 Rest of Middle East and Africa