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DEFENCE, MARINE & AEROSPACE

Weapon Mount Market Segmentation by Mount Type (Static, Turret, Coaxial, Fixed Pintle/Pedestal, RWS, Swing Arm, Monopods, Bipods, and Tripods); by Platform (Ground, Naval, Airborne, and Vehicle-Mounted); by Mode of Operation (Man Operated, and Remotely Operated) – Global Demand Analysis & Opportunity Outlook 2029

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Extensive insights into the Growth of Weapon Mount Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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.

weapon mount market Graph

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

Weapon Mount Market Share Images

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

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