Weapon Mount Market Highlights 2020 – 2029
The weapon mount market is anticipated to record a significant CAGR during the forecast period, i.e., 2021 – 2029, on the back of increasing procurement programs for armored vehicles, naval ships, and aircrafts, and rising demand for remote weapon stations for military applications by several countries around the globe. Along with these, growing need of mounts in navy, escalating use of unmanned vehicles in the war zone, increase in military investments and surging security measures worldwide are also expected to fuel market growth in the coming years. It was calculated the global military expenditure reached a value of approximately USD 2 billion by the end of 2019. Furthermore, intensifying innovations by key market players is estimated to offer lucrative opportunities to the market over the forecast period.
The market is segmented by mount types into static, turret, coaxial, fixed pintle/pedestal, RWS, swing arm, monopods, bipods, and tripods, out of which the static segment is evaluated to hold the largest share during the forecast period. This can be credited to the increment in number of platforms where static mount can be placed and the rising modernization of naval fleet. Apart from these, growing demand for static mounts on ground operations and vehicles is also assessed to drive growth of this segment in the future. Furthermore, the man operated segment of the mode of operations segment is projected to constitute for a larger share in the market on account of an increase in demand of armories such as machine guns, sniper rifles, and automatic rifles by the military globally.
Global Weapon Market Regional Synopsis
On the basis of geographical analysis, the weapon mount market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is estimated to occupy the largest share in the market during the forecast period owing to the augmented demand for weapon mounts for ground, airborne and naval platforms. In addition to this, different border disputes between countries such as China, India, Pakistan, Afghanistan, North Korea, and South Korea, among others, are driving these countries to increase their investment in defense technology, which includes the procurement of armored vehicles, combat aircraft, naval ships, and weapons for soldiers which supports the development of the market in the near future. Moreover, Europe is also estimated to garner significant market share during the forecast period, which can be attributed to the increasing defense investments in countries such as Germany, Russia and France. For instance, Russia allocated more than $65 billion for military spending in the year 2019. CLICK TO DOWNLOAD SAMPLE REPORT
The weapon mount market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the weapon mount market includes the following segments:
By Mount Type
- Static
- Turret
- Coaxial
- Fixed Pintle/Pedestal
- RWS
- Swing Arm
- Monopods
- Bipods
- Tripods
By Platform
- Ground
- Naval
- Airborne
- Vehicle-Mounted
By Mode of Operation
- Man Operated
- Remotely Operated
Growth Drivers
- Increased Procurement of Armored Vehicles Globally
- Growing Demand for Mounts in the Navy
Challenges
- Lack of Technical Expertise Needed for Manufacture and Repairing Mounts
Top Featured Companies Dominating the Market
- Dillon Aero
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Military Systems Group Inc.
- Leonardo S.p.A.
- FN Herstal
- Ohio Ordnance Works Inc.
- Fjord Defense AS
- Capco LLC
- WE Platt
- Kongsberg Gruppen ASA
- Rheinmetall AG
