Weapons Carriage & Release System Market

Harris Corporation and Cobham plc are Leading Players in the Weapons Carriage & Release System Market

The size of the weapons carriage & release system market is expected to grow from USD 462 million in 2019 to USD 554 million by 2025, at a CAGR of 3.1% between 2019 and 2025. Increasing demand for fighter aircraft and UAVs along with upgradation of existing weapons carriage & release systems is leading to the growth of this market.

Major players in the weapons carriage & release system market include Harris Corporation (US), Cobham plc (UK), Ultra Electronics (US), Marvin Group (US), Marotta Controls (US), RAFAUT Group (France), Moog Inc. (US), RUAG Group (Switzerland), Systima Technologies, Inc. (US), and Raytheon Company (US). These players have adopted various growth strategies, such as new product launches & developments, contracts, agreements, partnerships, acquisitions, and expansions, to increase their foothold in the weapons carriage & release system market. Of these strategies, new product developments, agreements, partnerships, and contracts were majorly adopted by the market players between 2014 and 2019 to help them innovate their offering and enhance their customer base.

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Harris Corporation is one of the leading infrastructure providers for weapons carriage & release systems across the globe. In June 2019, the company announced its merger with L3 Technologies. The combined company, L3 Harris Technologies, Inc., which will become the 6th largest defense company in the US, is expected to generate net revenue of approximately USD 16 billion. The objective of this development is to accelerate innovation, create a balanced portfolio, strengthen capabilities through complementary businesses, and expand customer relationships.

Cobham plc is majorly focused on developing new products for carriage systems for the European market. The company has a large product portfolio catering to the weapons carriage & release system market, offering products for the air-to-ground and air-to-air segments. The company also supports Auxiliary Mission Equipment and has plans to expand its portfolio. Advent International, a US private equity firm, has in July 2019 formally proceeded to acquire Cobham plc in a deal which is expected to be around USD 4.99 Billion.

Marvin Group is a leading manufacturer of weapon carriage & release systems, globally. The company has already delivered 9,800 plus Hellfire/Longbow Launchers till date and has manufactured 20,000 plus missile rail launchers for F/A-18, F-15, and F-16 aircraft. In June 2018, the company was awarded a USD 10 million contract by the US Airforce for 1,343 launcher sub-assembly components, including umbilical, fastener, aft dampener, and detent assemblies used on the AIM-120 missile launcher 12X structural rail section. Numerous contracts and new product launches have helped Marvin Group establish itself as one of the leading players in the weapon carriage & release system market.

Related Reports:

Weapons Carriage & Release System Market by Platform (Fighter Aircraft, Combat Support Aircraft, Helicopters, UAVs), Weapon Type (Missiles, Bombs, Rockets, Torpedoes), Systems Component, End Use, and Region - Global Forecast to 2025

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Report Code
AS 7278
RI Published ON
8/2/2019
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