Global Weapon Mounts Market is Projected to Grow from USD 1.1 Billion in 2019 to USD 1.8 Billion by 2025, at a CAGR of 7.7% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 5, 2020--
The “Weapon Mounts Market by Mount Type (Turret, Coaxial, Fixed, Pintle/Pedestal, RWS, Swing Arm, Monopods, Bipods, Tripods), Platform (Ground, Naval, Airborne), Mode of Operation, Weapon Compatibility, and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
Ongoing military modernizations and increased procurement of armored vehicles, naval ships, and aircraft, among others, are expected to fuel the growth of the weapon mounts market across the globe.
Some of the factors that are expected to fuel the growth of the weapon mounts industry are increased procurement of armored vehicles, rotorcraft, machine guns, and aircraft by militaries worldwide, ongoing modernization of naval platforms by various countries, and increasing demand for remote weapon stations for military applications, among others. However, challenges such as high technical expertise requirements for the development of weapon mounts for remote operations are curbing the growth of this market.
The static mounts segment is projected to grow at the highest CAGR during the forecast period due to the rising procurement of armored vehicles globally.
Based on mount type, the static mounts segment is projected to grow at the highest CAGR during the forecast period due to the increase in the number of platforms where static mounts can be deployed, and the upgrades of these platforms by replacing older weapons with new and modern weapons. Procurement programs for armored vehicles, naval ships, and aircraft are driving the market for weapon mounts.
The naval segment is expected to lead the weapon mounts industry in 2019.
Based on platform, the naval segment is estimated to account for the largest share of the weapon mounts market in 2019. Modernization programs to upgrade weapons and weapon mounts for the mount’s platform is driving the market. Additionally, the procurement of new naval ships by countries such as the US, India, China, Germany, and France, among others, is also driving the market for weapon mounts.
The manned segment is expected to grow at the highest CAGR during the forecast period.
Based on mode of operation, the manned segment is expected to grow at the highest CAGR during the forecast period due to the increase in demand for machine guns, sniper rifles, and automatic rifles by various militaries globally. For example, in February 2019, the Indian Army planned to procure 73,000 assault rifles and 44,000 Light Machine Guns (LMGs) to be deployed across the Indo-Pak border. The contract will most likely be awarded to a US firm supplying Sig Sauer rifles.
Asia Pacific is estimated to account for the majority of the global weapon mounts market share in 2019.
Asia Pacific is expected to lead the weapon mounts market in 2019. The market in the region has tremendous potential due to the need for armored vehicles, aircraft, and helicopters. Additionally, the increased procurement of weapons for soldiers is driving the market. The region has key investors in defense technology such as China, India, and Japan which invest heavily to modernize their troops. For example, in February 2019, the Indian Ministry of Defense started the procurement of Beretta .338 Lapua Magnum Scorpio TGT and Barrett .50-calibre M95 sniper rifles. These rifles are said to replace the Russian Dragunov sniper rifles.
Reasons to Buy this Report
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall weapon mounts market and its segments. This study is also expected to provide region-wise information about the applications, wherein weapon mounts are used.
This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Currency & Pricing
1.4 USD Exchange Rates
1.6 Market Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Definition & Scope
2.3 Market Size Estimation & Methodology
2.4 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Weapon Mounts Market
4.2 Ground Weapon Mounts Market, By Vehicle Type
4.3 Naval Weapon Mounts Market, By Vessel Type
4.4 Airborne Weapon Mounts Market, By Aircraft Type
4.5 Static Weapon Mounts Market, By Type
4.6 Non-Static Weapon Mounts Market, By Mount Type
4.7 Weapon Mounts Market, By Region
5 Market Overview
5.2 Roadmap of Weapon Mounts
5.3 Market Dynamics
6 Industry Trends
6.2 Emerging Trends
6.3 Innovations & Patent Registrations
7 Weapon Mounts Market, By Mount Type
7.2 Static Mounts
7.3 Non-Static Mounts
8 Weapon Mounts Market, By Platform
9 Weapon Mounts Market, By Mode of Operation
9.3 Remotely Operated
10 Weapon Mounts Market, By Weapon Compatibility
10.2 Weapon Compatibility
11 Regional Analysis
11.2 North America
11.4 Asia Pacific
11.5 The Middle East
11.6 South America
12 Competitive Landscape
12.2 Competitive Analysis
12.3 Market Ranking Analysis, 2019
12.4 Competitive Leadership Mapping
12.5 Strength of Product Portfolio
12.6 Business Strategy Excellence
12.7 Competitive Scenario
13 Company Profiles
13.1 Dillon Aero
13.2 AEI Systems LTD.
13.3 Military Systems Group, Inc.
13.4 Leonardo S.P.A.
13.6 FN Herstal
13.7 Ohio Ordnance Works, Inc.
13.8 Fjord Defense as
13.9 Crsystems Inc.
13.10 Capco LLC.
13.11 WE Platt
13.12 Kongsberg Defense & Aerospace
13.13 Rheinmetall AG
13.14 General Dynamics Ordnance and Tactical Systems
13.15 Engine Engineering Company
13.16 Cantine Armament Incorporated
13.17 Aselsan A.S.
13.18 Valhalla Turrets D.O.O.
13.19 Tmil Systems
13.20 Istec Services LTD.
13.21 Raytheon Company
13.22 Elbit Systems
13.23 SAAB AB
13.24 Electro Optic Systems
13.25 BAE Systems
13.26 Rafael Advanced Defense Systems LTD.
13.27 ST Engineering
13.28 China North Industries Corporation (Norinco)
13.29 IMI Systems
13.31 Otokar as
13.32 Denel Vehicle Systems
13.33 Moog Inc.
For more information about this report visit https://www.researchandmarkets.com/r/l4jzts
View source version on businesswire.com:https://www.businesswire.com/news/home/20200305005625/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: OTHER DEFENSE DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 03/05/2020 11:11 AM/DISC: 03/05/2020 11:11 AM