Single Carriage Ejector Racks Market Growth Till, 2018-2026: Coherent Market Insights
Single carriage ejector rack is a carriage system, which enables the racks to stores bombs, missiles, and weapons on it. These carriage have multi-purpose rack assembly capability, which can carry both air-to-ground bombs and air-to-air missiles. This multi-purpose rack can be placed within a bomb bay, under the aircraft wing, on a carriage adapter or other typical weapon carriage platform. This single carriage ejector rack has multiple racks, and large space, which provides facility of placing large bombs and missiles in it.
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Increasing territorial disputes and rising concerns for countermeasures against terrorist activities is expected to drive the market growth
Rising territorial disputes and terrorist attacks in countries such as Russia and Ukraine for Crimea; China and Japan for the uninhabited islands in the East China Sea; India and Pakistan for Jammu & Kashmir, Israel and Palestine for the Gaza Strip, Golan Heights, and West Bank is a major factor for increasing demand for these racks. Several other regional disputes, which inadvertently are effecting the security of the nation is expected to aid in growth of the market. For instance, according to the ourworlddata.org analysis, in 2013, total number of terrorist 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.
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High initial investment is one of the major factors restraining growth of single carriage ejector rack 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.
Global Single Carriage Ejector Racks Market: Regional Insights
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.
Global Single Carriage Ejector Racks Market: Competitive Landscape
Major players operating in the global single carriage ejector racks 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.
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