Christy Publications Weapons Carriage and Release Systems Market | Page 2

Additionally, according to the U.S. Department of State, India faced a total number of 764
terrorist attacks in 2014, and it increased to 791 in 2015. Therefore, rising territorial disputes
increases weapons use in order to heighten security of the nation from terrorist attacks, which is
expected to boost growth of the market.
Moreover, increasing government regulation to monitor international borders and safeguard
people against terrorist activities is another factor driving growth of weapons carriage and
release system 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. Therefore, increasing government initiative towards protecting the nation from
terrorist attack will positively encourage the market players to purchase weapons carriage and
release systems for carrying large bombs and missiles during fght. This will in turn help in
propelling growth of the market.
High Initial Investment is one of the Major Factors Restraining Growth of the Weapons
Release Carriage System Market
Factors negatively afecting growth of the market is high cost of investment for manufacturing of
weapons release carriage racks. Components used in weapons carriage ejectors are very costly,
which further increases the overall cost of the system. Hence, this factor restricts growth of the
global market.
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Global Weapons Carriage and Release System Market: Regional Insights
North America accounted for the largest market share in the global weapon carriage and release
system market in 2017 and is expected to retain its dominance during the forecast period from
2018 to 2026. Rising government spending in defence and military department for preventing
unwanted terrorist attacks is further expected to increase demand for weapons carriage and
release system in this region. For instance, according to Coherent Market Insights’ analysis, the
U.S. government’s spending on military and defence was US$ 594.6 billion in 2015 and it has
grown up to US$ 600.15 billion in 2016. Additionally, according to the National Priorities Project’s
(NPP) analysis, the world military spending totalled over US$ 1.6 trillion in 2015, out of which the
U.S. accounted for 37%of the total. These investments will further encourage market players to
add innovative technology in existing weapons carriage, which in turn will allow the armed forces
to carry large volume of weapons, bombs, and other related weapons during fght operations.
Moreover, growing investment will inadvertently boost the defence sector in the near future.
Global Weapons Release and Carriage System Market: Competitive Landscape
Major players operating in the global weapons release and carriage system market are Cobham
Plc., Harris Corporation, AVIC (Aviation Industry Corporation), Raytheon, Moog, Inc., Ultra
Electronics, Circor Aerospace& Defence, Marotta Controls, AEREA s.p.a., and Systima
Technologies.