Aircraft Weapons Market size is estimated to register a CAGR of over 8% between 2023 and 2032

Aircraft weapons Market Size
Aircraft Weapons Market was USD 9.6 Billion in 2022 and is anticipated to grow at a CAGR of more than 8% from 2023 to 2032.

Imagine thisin the military aircraft world, weapons are the ultimate power tools. They’re not ordinary tools, they’re made to make planes and helicopters rule the skies, bomb targets with precision, and give enemy troops a run for their money. They’re available in all forms and sizesmissiles that can travel long distances, heavy bombs, torpedoes that can sink ships, and even gun systems waiting to rain fire. They’re delivered by everything from fighter aircraft to drones, each aircraft or helicopter armed with the ordnance best suited to its task. The purpose of these air weapons is clearto dominate the skies and provide our forces with the advantage. They’re crafted with accuracy, loaded with firepower, and optimized to function flawlessly with the aircraft delivering them. It’s akin to giving all planes and helicopters the ultimate upper hand in the battle against evil.

Aircraft Weapons Market Report Attributes
Report Attribute Details
Base Year 2022
Aircraft Weapons Market Size in 2022 USD 9.6 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 8%
2032 Value Projection USD 20.5 Billion
Historical Data for 2018 to 2022
No. of Pages 200
Tables, Charts & Figures 405
Segments covered Aircraft Type, Weapon Type, Range, Guidance system, end use, and region
Growth Drivers
Increased geopolitical tensions and conflicts
The changing threat environment, such as the spread of modern air defense systems
Continuing advances in materials, propulsion, guidance technologies
emergence of advanced air defense systems in A2/AD arenas
The need for precision-guided munitions (PGMs) and smart weapons
Pitfalls & Challenges
Constrained defense budgets
Environmental Concerns

COVID-19 Impact
The crisis caused disruptions to global supply chains, resulting in the delay of the production and delivery of essential components for aircraft weapons. This caused delays in many defense programs and impacted the supply of required material for weapon systems. In all, the COVID-19 pandemic caused reduced demand, supply chain disruptions, and delayed projects, which negatively affected market growth. The pandemic had an impact on the operational readiness of military forces. Deployment and exercises of aircraft as well as training were curbed or suspended lessening the dissemination of the virus, affecting demand for specific weapons systems and holding back their introduction into combat application.

Aircraft Weapons Market Trends
Hi, there is something that’s bringing a high level of accuracy into the world of weapons today. Governments worldwide are really enthusiastic about these new-age precision-guided munitions (PGMs) and intelligent weapons. Why? Because they’re superhero bombs in disguise – they can fly directly to their targets with laser precision. This makes them wreak much less havoc on innocent civilians and structures surrounding them. It’s like carrying a sniper rifle rather than a shotgun! And better still, these PGMs are like the ultimate refinement. Nations are retro-fitting their aging warplanes with these new airframes. It’s similar to installing a new turbo engine on your old vehicle. It’s much more affordable than purchasing an entire new jet! So, what is the magic of these PGMs? It’s all in the guidance systems. They’re GPS for bombs, so they can locate their targets even in the dark or behind thick clouds. This renders them far more precise than those old-fashioned bombs that simply go “boom” wherever they blow. All of which translates to PGMs being the first choice for every type of military operation. They’re essentially the ultimate weapon for battling bad guys while protecting good guys.

Imagine thisthe military is revolutionizing the way it engages in warfare, just like a group of networked players in a computer game. They’re connecting all their resources, such as planes, troops, ships, and even command centers, to one giant, super-effective network using technology. Now, let’s talk about the planes. They don’t fly alone anymore. They’re part of the network, always sharing information with the rest of the team. They can inform their team where they are, what they’re observing with their high-tech sensors, and what their task is. All this information gets compiled and processed, providing every member of the team with a clear picture of the battlefield. It’s like having super-powered radar that lets everyone see where all the action is. But this is where it gets super cool. The planes are able to coordinate with their friends on the ground and underwater to attack enemies collectively. They can identify a target and transmit its location to artillery or other aircraft, who can then destroy it. It’s similar to having a squad of snipers who can synchronize their fire to destroy targets with precision accuracy. That’s the capability of network-centric warfare in today’s military.

Aircraft Weapons Market Analysis
Discover more about the most important segments influencing this market

By type of aircraft, the market has been segmented into fixed-wing aircraft, rotatory wing aircraft and unmanned aerial vehicles. The segment of fixed-wing aircraft dominated the market in 2022 and accounted for more than USD 5.5 Billion revenue in 2022. The same segment is also expected to attain a CAGR of approximately 8% during the forecast period.

The need for multirole aircraft and weapons grows. New fixed-wing aircraft are designed to undertake a variety of missions, from air-to-air combat to air-to-ground strikes, and thus need flexible weapon systems.
The move towards precision-guided munitions (PGMs) and smart weapons is a major force behind this. These weapons are more accurate and cause less collateral damage, and thus are the weapons of choice in modern warfare.
The presence of a strong defense industrial base and skilled labor force is necessary. It facilitates research, development, and production of advanced weapons for fixed-wing aircraft. Nations with extensive territorial interests, maritime zones, or border conflicts tend to invest in fixed-wing aircraft weapons to effectively secure these territories.

On the basis of end use, the market is divided into military, army, navy, civilian, law enforcement, security agencies. The military segment accounted for a market share of more than 8% in 2022 and is anticipated to increase over the forecast period.

Continuous geopolitical tensions, border conflicts, and increasing international tensions fuel the demand for military forces to be adequately equipped with sophisticated aircraft weapons. Countries strive to ensure military superiority to secure their interests and national security
The distribution of huge defense budgets is a key growth driver in the military aircraft weapons market. Enhanced defense expenditures allow nations to invest in research, development, and acquisition of sophisticated aircraft weapons.
There is increasing need for multirole aircraft and adaptive weapon systems. Contemporary military aircraft are anticipated to undertake a variety of missions, such as air-to-air combat, air-to-ground attack, and intelligence, surveillance, and reconnaissance (ISR). The emphasis on precision-guided munitions (PGMs) and smart weapons is a major growth factor. These munitions provide greater accuracy, less collateral damage, and improved mission success rates, making them a weapon of choice in contemporary warfare.

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