Airborne Weapon Delivery Systems - blog

1. Airborne Weapon Delivery Systems Market Continues to Grow Owing to the Rising Demand for Advanced Military Technologies You can find three major kinds of airborne weapon delivery systems in development; Long-range Unmanned Aerial Vehicles (LAV), Short-range Unmanned Aerial Vehicle (SRAV), and Laser-guided Air Ballistic Missiles (AGM). There are many programs currently active for each category, including; Ground-based Air Defense, Air-dropped Firepower Capability (AFFC), and Robotic, and Unmanned Aerial Vehicle (URAV). Market Dynamics Increasing demand for advanced military technologies is likely to propel growth of the airborne weapon delivery systems market. For example, in February 2021, BAE Systems secured a US$ 247 million contract from the U.S Space Force to provide advanced military GPS receivers and chips for the troops. Increasing investment in the military and defense sector is expected to provide lucrative growth opportunities for players in the airborne weapon delivery systems market. For example, in March 2019, China's Ministry of Finance announced a yearly budget of US$ 177.5 billion for the defense sector compared to US$ 167.4 billion in 2018. Moreover, increasing in software defined radio systems can be likely to aid in growth of the market. For example, in February 2021, India's Ministry of Defense and Defense Public Sector Undertaking Bharat Electronics Limited signed a contract for procurement of Software Defined Radio Tactical. Read More@ https://bit.ly/3vM5an9