July 2022, Research Report on the Global Weapon Mounts Market.
Market Forecast
Weapon Mounts Market Size Anticipated to reach at a USD 1.3 billion in 2021 to USD 3.01 billion by 2030 at a healthy CAGR of 7% by 2020-2030
The increasing defense expenditure and naval modernization program are primarily driving the growth of the market. Additionally, the increasing demand for remote weapon stations is driving the growth of the market further.
Market USP
Increasing use of remotely operated weapon system.
Growth Opportunities in the Market
Static mount segment is expected to record the highest growth in the market: The static mount segment accounted for the largest Weapon Mounts Market share and is expected to register the highest CAGR during the review period. This is due to the high usage of static mounts turrets, coaxial mounts, and fixed mounts for military vehicles and aircraft.
The non-static mount segment is expected to record steady growth during the forecast period. Non-static mounts are often used by the soldiers.
Manned operating mount segment is expected to witness the highest growth in the market: The propulsion systems segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the review period. This is due to the increasing use of advanced manned operated mounts by the military forces.
Land segment accounted for the largest share in 2019: The land segment accounted for the largest share in 2019. This is due to the increasing use of advanced weapon-mounted military vehicles, UGVs, and soldier systems that are driving the growth of this segment.
The airborne segment is expected to register the highest CAGR during the forecast period.
Key Players
Other Prominent Players