Aircraft Weapons Market is predicted to reach USD 20.42 billion at a CAGR of 8.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Aircraft Weapons Market”.

The Aircraft Weapons market is estimated to register a CAGR of 8.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Aircraft Weapons market— Boeing Company, General Dynamics, Northrop Grumman, SAAB, Thales Group, Lockheed Martin, and MDB.

Aircraft Weapons Market Highlights

The global aircraft weapons market is accounted to register a CAGR of 8.50% during the forecast period and is estimated to reach USD 20.42 billion by 2032.

The aircraft weapons market is primarily driven by increasing global geopolitical tensions and the continuous need for military modernization. As nations face evolving security challenges, there is a heightened demand for advanced aircraft weapons to maintain strategic military capabilities. Geopolitical instabilities, regional conflicts, and the rise of non-state threats contribute to a surge in defense spending, propelling the market's growth. The ongoing development of sophisticated precision-guided munitions and advancements in technology further fuels the demand for cutting-edge aircraft weapons. Military forces worldwide prioritize airpower capabilities to establish air superiority, project power, and respond effectively to emerging threats. The market responds to these dynamics by innovating and delivering a diverse range of weapons, including air-to-air, air-to-ground, anti-ship, and countermeasure systems, driving the aerospace and defense industry's progression towards enhanced combat capabilities and national security.

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Segment Analysis

The global Aircraft Weapons market has been segmented based on guidance systems, aircraft type, range, weapon type, and end use.

Based on Guidance Systems, the global Aircraft Weapons market has been segmented into GPS-Guided Weapons, Laser-Guided Weapons, Inertial-Guided Weapons, Autonomous Weapons, and Others. The GPS-guided weapons segment was expected to hold the largest market share in 2022. This association is attributed to its extensive utilization and accuracy in targeting. The precision-guided systems are reliant on GPS technology, offering precise and real-time location data. This capability significantly enhances the effectiveness of weapons, ensuring accurate navigation and target acquisition.

Based on Aircraft Type, the global Aircraft Weapons market has been segmented into Fixed-Wing Aircraft, Rotary-Wing Aircraft, and Unmanned Aerial Vehicles (UAVs). The unmanned aerial vehicles (UAVs) segment was anticipated to hold the major market share in 2022. This is linked to its rising demand for reconnaissance, surveillance, and combat missions.

Based on Range, the global Aircraft Weapons market has been segmented into Short-Range Weapons, Medium-Range Weapons, and Long-Range Weapons. The long-range weapons segment was expected to hold the biggest market share in 2022. This is credited to its strategic benefits in contemporary warfare situations. The capacity to target adversaries from a distance not only improves aircraft safety but also enables the execution of preemptive strikes.

Based on Weapon Type, the global Aircraft Weapons market has been segmented into Air-To-Air Weapons, Air-To-Ground Weapons, Anti-Ship Weapons, and Countermeasures. The air-to-ground weapons were anticipated to hold the major market share in 2022. This is associated with a growing emphasis on precisely targeting ground objectives. Military endeavors frequently require engaging and neutralizing enemy positions, infrastructure, and ground-based threats.

Based on End-Use, the global Aircraft Weapons market has been segmented into Military, Army, Navy, Civilian, Law Enforcement, and Security Agencies. The military was anticipated to hold the major market share in 2022. This connection is related to the growing emphasis on precision strikes directed at ground targets. Military operations frequently require engaging and neutralizing enemy positions, infrastructure, and ground-based threats.

Regional Analysis

The global Aircraft Weapons market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Aircraft Weapons market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Aircraft Weapons market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Aircraft Weapons market comprises of Middle East, Africa, and Latin America.

The largest market share for Aircraft Weapons was maintained by the North American regional sector. The region hosts major defense contractors and aerospace firms continually pioneering and advancing state-of-the-art aircraft weaponry. The United States, boasting the world's largest defense budget, heavily invests in military modernization, fostering a substantial demand for cutting-edge weapon systems.

Moreover, the Europe market has been persistently growing over the forecast period. The region, renowned for its established defense industry and cooperative defense endeavors among European Union (EU) member states, significantly influences the aircraft weapons market. Collaborative initiatives like the Eurofighter Typhoon and the European Future Combat Air System (FCAS) underscore the region's dedication to collective defense and technological progress.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to increasing regional tensions, territorial disputes, and the swift modernization of military forces. Nations such as China, India, Japan, and South Korea make substantial investments in advanced aircraft and weapon systems to bolster their defense capabilities.

Furthermore, the rest of the world's Aircraft Weapons market is divided into the Middle East, Africa, and Latin America. This growth is attributed to rising economic development and rising geopolitical tension.

Key Findings of the Study

• The global Aircraft Weapons market is expected to reach USD 20.42 billion by 2032, at a CAGR of 8.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market increasing geopolitical tension, increase in defense budget, and military modernization.


• Based on guidance systems, the GPS-guided weapons segment was attributed to holding the largest market in 2022, with an approximate quarter of market share.


• Boeing Company, General Dynamics, Northrop Grumman, SAAB, Thales Group, Lockheed Martin, and MDB.