From GlobeNewswire:

The Aircraft Weapons Market is projected to reach over USD 20.5 billion from 2023-2032, driven by increasing global defense budgets. Countries prioritize investments in advanced aircraft weapons systems to enhance national security and defense capabilities. Defense tops the policy agenda in European capitals, with growing concerns about security threats from Russia and the U.S.

The Aircraft weapons market size from the rotary-wing aircraft segment is expected to grow significantly by 2032. Rotary-wing aircrafts play a vital role in military operations, offering versatility, agility, and firepower for various missions. With defense forces modernizing their fleets, there is a surge in demand for advanced weapons systems in this segment.

The Aircraft weapons market share from air-to-air weapons is set to rise during the study period. These weapons are crucial for aerial combat and air superiority missions, enabling fighter aircraft to neutralize enemy threats. With a focus on combat readiness, defense agencies are investing in advanced air-to-air weapons with enhanced capabilities for range, accuracy, and lethality.

The North America aircraft weapons market is set to expand through 2032 due to robust defense spending and technological innovation. The U.S. leads the market with its extensive military capabilities and ongoing modernization programs. Major market contenders include Lockheed Martin, Boeing, Raytheon Technologies, and Northrop Grumman among others.



Read more at GlobeNewswire: Aircraft Weapons Market to surpass USD 20.5 Bn by 2032,