Global Remote Weapons Stations Market Outlook, 2019-2029 - A Comprehensive $19.1 Billion-Projected Industry Analysis - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 26, 2019--
The “The Global Remote Weapons Stations Market 2019-2029” report has been added to ResearchAndMarkets.com’s offering.
This report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. The report will also analyze factors that influence demand for remote weapons stations systems, key market trends, and challenges faced by industry participants.
The report provides an in-depth analysis of the following:
The Global Remote Weapon Station market is expected to mark a moderate growth throughout the 2019-2029 period, growing with a CAGR of 3.73%, reaching up to US$ 19.1 billion by 2029.
However, given that many of the programs will have been concluded by the second half of the period in focus, this report will indeed mention the data related to the 2019-2023 period. With regards to it, the global market is expected to reach US$ 2.178 billion in 2023, with a CAGR of 7.06%.
The European market is leading with 29% of the share in 2019, followed closely by the US with 25%. The APAC, Middle East, Latin America and African markets follow with a 21%, 16%, 6% and 3% respectively. That is expected to rise to 48% for Europe towards the middle of the period in focus (2024), which provides better visibility compared to the second half of the period in research. The US will be 20% of the market, followed by APAC (16%), the Middle East (11%), Latin America (3%), and Africa 2%).
The market consists of eight categories, namely: RWS Light; RWS Medium; RWS Heavy; RWS Heavy 20-35; RWS Heavy 40-50; RWS Medium ATGM; RWS Heavy 20-35 ATGM and RWS Heavy 40-50 ATGM. The market will be dominated by RWS Medium with a share of 52% in 2019, followed by RWS Heavy 20-35 being a quarter of the total, and RWS Heavy 20-35 ATGM; RWS Light, RWS Medium ATGM and RWS Heavy with 14%, 5%, 2% and 2% of the market.
Lessons-learnt from Afghanistan, Iraq have been successfully employed in Mali and other areas of the world where military forces needed to intervene to provide stabilization and peace-enforcement. Protection of troops, force-protection against all types of threats, persistent ISR to monitor areas and if needed engage targets.
Many countries, such as France, Belgium, the UK and the US are developing a mixture of forces better suited for expeditionary operations. That is forces that will be easily transported (being light) across the globe in relatively short time. These forces must be able to survive in enemy territory (having adequate armor protection), have increased speed to move rapidly across the battlefield and employ firepower of level similar, if not higher than that of the enemy.
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INDUSTRY KEYWORD: OTHER DEFENSE DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/26/2019 12:29 PM/DISC: 11/26/2019 12:29 PM