The Weapons Carriage & Release Systems Market is estimated at USD 463 million in 2021 and is projected to reach USD 571 million by 2026, at a CAGR of 4.3% from 2021 to 2026. 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. From short-range anti-aircraft and anti-armor missiles to short, medium, and long range air-to-air and air-to-ground weapons, ballistic and cruise missiles, they are now a vital part of the countrys most capable armed forces. The rising adoption of these systems is largely a function of their perceived military effectiveness.
Prominent companies in this market include well-established, financially stable manufacturers of carriage and release system providers with a global presence. These companies have been operating in the market for several years and have a diversified product portfolio, state-of-the-art technologies, and robust global sales and marketing networks. Prominent companies include L3Harris Technologies (US), Cobham PLC (UK), and Systima Technologies (US).
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L3Harris Technologies was formed from the merger of L3 Technologies (formerly L-3 Communications) and Harris Corporation in June 2019. It is a technology company, defense contractor, and information technology services provider. It produces carriage and release systems, C6ISR systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and terrestrial as well as spaceborne antennas. These products are used in the government, defense, and commercial sectors. The company specializes in surveillance solutions, microwave weaponry, and electronic warfare. L3Harris Technologies has four business segments: integrated mission systems, space and airborne systems, communication systems, and aviation systems. The space and airborne systems segment comprised of four business sectors, namely, Space, Intel & Cyber, Mission Avionics and Electronic Warfare.
Mission Avionics provides avionic sensors, hardened electronics, data links, antennas, and carriage and release systems for fixed-wing and rotary platforms. For instance, it provides advanced avionics components, carriage and release systems, sensors, encryption solutions, antenna systems and data processing technology for the F-35 Lightning II Joint Strike Fighter (F-35) program.
ALKAN is one of the leaders in carriage, release, and ejection systems for military aeronautics. It develops and produce equipment’s designed to interface the aircraft and the stores. It provides either release or ejection of the stores depending on the type of aircraft. ALKAN uses various ejection techniques such as pyrotechnic, pneumatic and hydraulic. The company was founded in 1923 and is headquartered in Valenton, France.
ALKAN equipment is in operation in more than 65 countries and is qualified for use on more than 60 different aircraft. The company also acts as a partner to aircraft manufacturer teams and government agencies such as the French DGA, the US Army and Navy, Dassault Aviation, Airbus Helicopters, MBDA, HAL, SAAB, and others, across the world.
Marvin Group, a privately held company headquartered in California, US was established in 1963. The Marvin Group comprise of 3 business units namely Marvin Engineering Corporation (MEC), Marvin Test Solutions (MTS), and Marvin Land Systems (MLS) and caters to customers from the Air, Space, Land, and Maritime domains. The company’s product portfolio includes Airborne Stores Carriage and Release Equipment & Aircraft Auxiliary Equipment, Automated Aerospace & Military Test Equipment, and Power & Thermal Management Solutions for Land & Maritime Platforms. The company has a customer base in more than 30 countries in the globe. Marvin Engineering Co. (a business unit of Marvin Group) is a global leader in the manufacturing of Alternate Mission Equipment (AME) and Aircraft Armament Equipment (AAE). It offers weapon carriage & release system products such as launch systems, pylons, and weapon bay adaptors, among others. The company has delivered 9,800 plus Hellfire/Longbow Launchers till date and has manufactured 20,000 plus missile rail launchers for the F/A-18, F-15, and F-16.
Cobham PLC is a global company engaged in the development, supply, and support of advanced technologies and systems for the aerospace and defense industry. Cobham products and services have been at the heart of sophisticated military and civilian systems for more than 77 years, ensuring the safety of people, improving communications and enhancing the capacity of land, sea, air and space platforms. Cobham is a leading provider of weapon carriage and release systems (under its Mission Systems division) for fixed and rotary wing aircraft worldwide. It provides air-to-ground and customer services for weapons transport and delivery systems as well as auxiliary mission equipment for various aircraft around the world. The company had 1,852 employees in October 2021.
In January 2020, the company was acquired by American private equity firm Advent International for USD 4.4 billion. In February 2021, Engineering firm Eaton announced that it had acquired Cobhams air-to-air refueling arm for USD 2.8 billion.
Systima Technologies is an industry leader in aerospace, defense, and commercial. The company was founded in 2002 and is headquartered in Washington, US. The company develops various products in the fields of missile systems, insensitive munition systems, ISR support systems, energetic systems, pyrotechnic systems, and space systems. The company has two major segments: defense and space. Under the defense segment, it offers military aircraft unmanned aerial vehicles, tactical & strategic missiles, hypersonic missile systems, and insensitive munition technologies. Under the space segment, it offers launch vehicles, spacecraft & satellites, advanced in-space propulsion for commercial applications.
Its products include aircraft carriage & release systems, pyrotechnic actuators, missile shroud & stage separators, dispense and deployment systems, and inflation products.
In September 2021, Karman Missile & Space Systems, a portfolio company of Trive Capital, acquired Systima Technologies.
Weapons Carriage & Release System Market by Weapon Type (Bomb, Missiles, Rockets, Torpedoes), Platform (Fighter Aircrafts, Combat Support Aircrafts, Helicopter, UAV), End User (OEM, Aftermarket), System Component, Region - Forecast to 2026
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