Remote Weapon Stations Market is projected to reach USD 19,680 Million by 2026 and register a CAGR of 10.93%
The remote weapon stations are gaining momentum as they are capable of operating from the remote control and they are also equipped with light and medium caliber weapons. These systems are integrated with the functioning vehicles, helicopters, tanks, naval ships, and fighter jets. Since they are equipped with advanced technologies such as remote control systems, sensors, varied weapons, and significant others they are increasingly utilized in the warfare and military sectors.
Among other platform types, the land segment is expected to propel the remote weapon stations market growth, because the customization and the fund required for the integration with the stationary and land vehicles are lesser comparatively. The increasing number of attacks on the potential military bases and the outposts, and the demand for the protection of the vulnerable areas are presenting lucrative opportunities for the remote weapon stations market growth.
COVID 19 Analysis:
Due to the pandemic, the manufacturing sector of the remote weapon stations industry was severely affected. Like any other industry vertical, the production rate was significantly reduced. The economic crisis and the growth of the homeland security segment were altered due to the change in demand. The previous investment plans from the developed countries have attributed growth for the remote weapon stations industry during the pandemic.
The growing number of asymmetric warfare and terrorism across the globe are considered as the major drivers of remote weapon stations market growth. Moreover, the demands for higher precision weapon stations that are capable of catering to various military applications are driving the overall growth of the remote weapon stations industry.
The increasing adoption of the weaponry system and the increasing economic condition with the increasing military budgets are considered as the major drivers of remote weapon stations market growth. Moreover the flexibility of the equipment, in placing them in tanks, helicopters, fighter jets, naval ships, and significant others are increasing their utilization in varied applications.
The increasing adoption of robust weapon systems and the modernization of the defense forces are presenting a lucrative opportunity for the overall growth of the remote weapon stations industry during the forecast period. Moreover, the developing countries like India, China, the US, UK, Germany, Russia, Saudi Arabia, and significant others are increasing their investment in the remote weapon stations industry, thereby expected to boost the remote weapon stations market growth during the forecast period.
The developed countries are focusing on developing and strengthening their army force by investing in the industry and they are also demanding higher precision weapons and incorporating gun elevation capabilities that are capable of serving varied platforms. Such factors are expected to boost the overall growth of the remote weapon stations industry during the forecast period.
The requirement of higher costs for the development and the higher capital requirement is considered as the major restraints of remote weapon stations market growth.
The issues that arise with the integration of the remote weapon systems in varied platforms and situations are considered as the major restraints of remote weapon stations' market growth. Moreover, the declining economic condition is propelling the developed countries to reduce the military expenditure as well. Such factors are expected to hinder the overall growth of the remote weapon stations industry in recent times.
The key market players are bringing in new advancements into the market, which are bringing in technologies like RWS, which is considered as the most viable option to offer the supreme defensive firepower. However, these technologies come with installation and operational challenges which make the military force adopt the manned turrets instead of these technologies. Such factors are considered as the major challenge for the overall growth of the remote weapon stations industry.
The issues related to the integration of advanced technologies and sensor systems and the unstable nature of the modernized equipment are considered as the major challenge for the developers and thereby considered as the major challenge for the overall growth of the remote challenge stations industry. Similarly, the heavyweight of this equipment is also considered as the major challenge for the potential end-users and thereby considered as the major challenge for the overall growth of the remote weapon stations industry.
Value Chain Analysis:
The remote weapon stations market growth is registering a higher market share in recent times, due to the increasing number of asymmetric warfare and modernization programs across the industry. The developing economies are significantly increasing the military expenditure also, on the other hand, the prominent market players are collaborating and carrying out varied strategies in recent years, which are considered as the major drivers of market growth. For instance, in the 0year 2020, one of the leading market players, Kongsberg had joined hands with general dynamics land systems, which is based in Canada. This collaboration had led to offer the protector remote weapon stations for the Canadian army.
The majority of the remote weapon stations are integrated with varied sensors for excellent performance, enhanced detection, and quicker decision-making on duty. For instance, thermal imagers, laser range finders, day imagers, and other advanced sensors are playing a crucial role in the remote weapon stations market growth. Moreover, the advanced gun systems with quicker responses are also enhancing the performance of the remote weapon stations that are propelling the overall growth of the remote weapon stations industry in recent years.
Based On Components:
Based On The Platform:
Based On Weapon Type:
Based On Applications:
Based On Mobility:
Based On Fit:
Currently, North America is holding the higher market share in the remote weapon stations industry, because the countries like the United States, Canada are considered as the intensive users of remote weapon systems across the region. Moreover, they are focused on updating their vehicle fleet and other capabilities in recent years. Such factors are propelling North America in
The remote weapon stations' market share. The united states defense budget which is named FY2020 has emphasized the modernization of the military systems and monitoring of the day-to-day operations and allied engagement. For instance, in the year 2019, one of the leading market players, Kongsberg Defence, and aerospace was awarded over USD 48 million contracts for manufacturing and supplying remote weapons systems. Such plans and procurement agreements across North America are propelling the country ahead in the growth of the remote weapon stations industry.
One of the leading market players from India, Mahindra defense systems and Bharat electronics had recently introduced the newly developed remote weapon stations specially designed for armored vehicles.
In the year 2018, one of the leading market players, Electro-optic systems which are considered as the prominent manufacturer of remote weapon systems had introduced an efficient and lightweight platform named ultra-light R150 for the remote mounting weapon systems. They are specially designed for protected vehicles.
This Report Has Covered:
|Market Size||USD 19,680 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Platform, Weapon Type, Application and Mobility|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||KONGSBERG (Norway), Raytheon Technologies Corporation (US), Elbit Systems (Israel), Saab AB (Sweden), Leonardo S.p.A. (Italy), BAE Systems (UK), Electro Optic Systems Pty Ltd (Australia), Rheinmetall AG (Germany), ASELSAN A.S (Turkey), FN HERSTAL (Belgium), Rafael Advanced Defense Systems Ltd. (Israel), Moog, Inc. (US), ST Engineering (Singapore), Norinco Group, Inc. (China), General Dynamics Corporation (US), Nexter group KNDS (France), Mahindra Emirates Vehicle Armouring Fz LLC (UAE), Bharat Electronics Limited (India) and Israel Aerospace Industries (Israel)|
|Key Market Opportunities||Advancements in warfare technologies such as smart ammunitions, directed energy weapons, and advanced gun systems are expected to drive the growth of the market|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global Remote Weapon Stations Market will be gaining revenue of USD 19,680 Million by 2026.
Global Remote Weapon Stations Market will be gaining a CAGR of 10.93% in the future.
Global Remote Weapon Stations Market’s USP is advancements in warfare technologies such as directed energy weapons, smart ammunition, and advanced gun systems. These have likely to motivate the growth of the market.
Raytheon Technologies Corporation (U.S.), Elbit Systems (Israel), KONGSBERG (Norway) are the top three key players driving the Global Remote Weapon Stations Market’s growth.
Asia-Pacific is the region that is projected to register the highest CAGR during the forecast period for the growth of Global Remote Weapon Stations Market due to the growing military expenditures of countries such as China and India owing to mounting territorial conflicts.