Global Remote Weapon Stations Market is projected to reach USD 19,680 Million by 2026 and register a CAGR of 10.93%. Remote weapon stations, also known as remote weapon systems (RWS), are remotely operated weaponized systems and are mainly equipped with fire control systems for medium and light caliber weapons. These systems are commonly retrofitted on functioning vehicles in combat situations. They are also placed on helicopters, tanks, naval ships, and fighter jets. Remote weapon stations are armed with sensors, remote controls, various types of weapons., Market Synopsis, Global Remote Weapon Stations Market is expected to register significant growth during the forecast period due to factors such as the rising incidences of asymmetric warfare and rising military modernization programs. Furthermore, the increasing defense expenditures by developing economies are also expected to drive the growth of the market. Additionally, increasing collaborations between prominent companies are also expected to drive the market growth. For example, in May 2020, KONGSBERG signed a contract with General Dynamics Land Systems – Canada, a subsidiary of General Dynamics Corporation, to provide PROTECTOR Remote Weapon Stations (RWS) to the Canadian Army., However, the high cost of development and issues related to the integration of remote weapon stations with different platforms might hamper the growth of the market., Market USP, Advancements in warfare technologies such as smart ammunitions, directed energy weapons, and advanced gun systems are expected to drive the growth of the market. , Market Drivers, , Increasing Incidences of Asymmetric Warfare, , , Rising Demand for High-Precision Remote Weapon Stations for Military Applications: Rising terrorism across the globe and growing territorial conflicts in regions such as Asia-Pacific are increasing the demand for high-precision remote weapon stations for military applications, thus, driving the growth of the market., , , Increasing Defense Expenditures of Developing Countries, , Market Restraints, , The High Cost of Development, , Segmentation, By Component, , Human Machine Interface: Growing demand for various systems that are capable of indirect firing with increased hit potential is expected to drive the growth of the segment., , , Sensors: The segment dominated the market in 2019 and is expected to grow at the highest CAGR during the forecast period. The increasing integration of various sensors such
Market Scenario
Global Remote Weapon Stations Market is projected to reach USD 19,680 Million by 2026 and register a CAGR of 10.93%. Remote weapon stations, also known as remote weapon systems (RWS), are remotely operated weaponized systems and are mainly equipped with fire control systems for medium and light caliber weapons. These systems are commonly retrofitted on functioning vehicles in combat situations. They are also placed on helicopters, tanks, naval ships, and fighter jets. Remote weapon stations are armed with sensors, remote controls, various types of weapons.
Market Synopsis
Global Remote Weapon Stations Market is expected to register significant growth during the forecast period due to factors such as the rising incidences of asymmetric warfare and rising military modernization programs. Furthermore, the increasing defense expenditures by developing economies are also expected to drive the growth of the market. Additionally, increasing collaborations between prominent companies are also expected to drive the market growth. For example, in May 2020, KONGSBERG signed a contract with General Dynamics Land Systems – Canada, a subsidiary of General Dynamics Corporation, to provide PROTECTOR Remote Weapon Stations (RWS) to the Canadian Army.
However, the high cost of development and issues related to the integration of remote weapon stations with different platforms might hamper the growth of the market.
Market USP
Advancements in warfare technologies such as smart ammunitions, directed energy weapons, and advanced gun systems are expected to drive the growth of the market.
Market Drivers
Increasing Incidences of Asymmetric Warfare
Rising Demand for High-Precision Remote Weapon Stations for Military Applications: Rising terrorism across the globe and growing territorial conflicts in regions such as Asia-Pacific are increasing the demand for high-precision remote weapon stations for military applications, thus, driving the growth of the market.
Increasing Defense Expenditures of Developing Countries
Market Restraints
The High Cost of Development
Segmentation
By Component
Human Machine Interface: Growing demand for various systems that are capable of indirect firing with increased hit potential is expected to drive the growth of the segment.
Sensors: The segment dominated the market in 2019 and is expected to grow at the highest CAGR during the forecast period. The increasing integration of various sensors such as day imaging systems, thermal imagers, and laser rangefinders (LRF) on remote weapon stations for advanced military capabilities, is expected to drive the growth of the segment.
Weapons & Armaments: The growing adoption of smart weapons such as advanced gun systems for quick response is expected to drive the growth of the segment.
By Platform
Land: The segment dominated the market in 2019 and is projected to record the highest CAGR during the review period, due to factors such as the increasing defense expenditure of developing countries for procuring advanced military equipment, including tanks and armored vehicles equipped with remote weapon stations.
Naval: The segment is expected to record a significant growth rate during the forecast period, 2020 to 2026, owing to the increasing use of remote weapon stations for anti-submarine warfare and engaging long-range surface targets.
Airborne: The segment is expected to register a significant growth rate during the forecast period, 2020 to 2026, owing to increasing military modernization programs across the globe.
By Weapon Type
Lethal Weapons: The segment dominated the market in 2019 owing to the factors such as the growing demand for medium caliber firepower by the military for defense against armored vehicles.
Non-lethal Weapons: The segment is expected to grow at a higher CAGR during the forecast period, owing to the rising civil unrest, domestic conflicts, and riots in various parts of the world.
By Application
Military: The military segment dominated the market in 2019 owing to rising territorial conflicts in regions such as Asia-Pacific and growing procurement of advanced weapon systems by countries such as China and India.
Homeland Security: The segment is expected to grow at the higher CAGR during the forecast period from 2020 to 2026, owing to advancements in non-lethal weapons such as directed energy weapons and high-power microwave weapons.
By Mobility
Stationary: The segment dominated the market in 2019 owing to the growing demand for air defense against drones and aircraft.
Moving: The segment is expected to grow at the higher CAGR during the forecast period, 2020 to 2026, owing to the increasing procurement of advanced platforms such as armored vehicles.
By Region
North America: North America dominated the remote weapon stations market in 2019 due to the presence of companies such as Moog, Inc., and General Dynamics Corporation.
Europe: The increasing procurement of remote weapon stations by countries such as Denmark is expected to drive the market growth in the region.
Asia-Pacific: The market in this region is projected to register the highest CAGR during the forecast period. The rising military expenditures of countries such as China and India owing to rising territorial conflicts are projected to drive the market growth in the region.
Middle East: Increasing investments in remote weapon stations by some key countries such as the UAE, Israel, and Iraq is expected to drive the market growth in the region.
Rest of the World: Extreme conditions due to civil unrest in countries such as Mexico, South Africa, and Brazil are expected to increase the demand for remote weapon stations in the region.
Key Players
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)
Other Prominent Players
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)
Israel Aerospace Industries (Israel)
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.
