Christy Publications Single Carriage Ejector Racks Market | Page 2

related incident occurred was 11,996 and it increased to 16,860 in 2014, globally. Additionally,
according to the U.S. Department of State, in India the total number of terrorist attack occurred
in 2014 were 764 and it has increased to 791 in 2015. Therefore, increasing territorial disputes,
which further increases use of weapons in order to protect the nation’s security from the
terrorist attacks is expected to aid in growth of the market.
Moreover, increasing government regulation to monitor international borders and safeguard
people against terrorist activities is another factor driving growth of single carriage ejector racks
market. For instance, The USA Patriot Act is an antiterrorism law enacted by the U.S. Congress
in October 2001, to improve the ability of U.S. law enforcement to detect and deter terrorism.
This act allows law enforcement to use surveillance and wiretapping to investigate terror-
related crimes and providing aid to terrorism victims and public safety officers involved in
investigating or preventing terrorism or responding to terrorist attacks. Therefore, increasing
government initiative towards protecting the nation from the terrorist attack will positively
encourage the market player to purchase these systems for aircrafts, which provides facility of
carrying large bombs and missiles during fight. This will in turn help in propelling growth of the
market.
Factors negatively affecting growth of the market is high cost of investment for manufacturing
of these racks. The components used in single carriage ejectors are very costly, which further
increase the overall cost of the system. Hence, this factor restricts growth of global market.
North America accounted for the largest share in the global single carriage ejector rack market
in 2017 and expected to retain its dominance during forecasted period from 2018 to 2026. This
growth is attributed to presence of leading players such as Cobham Plc., Harris Corporation, and
AVIC Corporation among other, in the regional market. Furthermore, companies in the region
are focusing on advancement in the existing products, which in turn will support growth of the
market. For instance, November 2017, Harris launched the BRU-47 and BRU-57 for KF-X fighter
jet model. The BRU-47 single store carrier, known for its reliability and ease of maintenance,
also reduces the time needed for loading stores as this system is incorporated with sway-brace
technology, which further provides significant benefits such as shorter store loading times and
reduces maintenance. Hence, this factor will help in propelling growth of the global single
carriage ejector racks market in this particular region.
Explore market research @
https://www.coherentmarketinsights.com/ongoing-insight/single-carriage-ejector-racks-market-1865