The report "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", is projected to grow from USD 1.1 billion in 2019 to USD 1.8 billion by 2025, at a CAGR of 7.7% from 2019 to 2025. The growth of the market can be attributed to the increasing procurement of armored vehicles, rotorcraft, machine gun,and aircraft by militaries globally, and ongoing modernization of naval platforms by various countries among others.
Browse 208 market data Tables and 69 Figures spread through 236 Pages and in-depth TOC on "Weapon Mounts Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/weapon-mounts-market-75671571.html
Based on platform, the naval segment is projected to lead the weapon mounts market during the forecast period.
Based on platform, the market is projected to be led by the naval segment from 2019 to 2025. This segment is expected to grow during the forecast period due to factors such as the continual upgrades of weapon systems on ships such as destroyers, frigates, and corvettes, among others. Additionally, the procurement of new battleships by countries such as India, China, the US, and Saudi Arabia, among others, is also driving the market for naval weapon mounts.
The static mounts segment is projected to lead the weapon mounts market from 2019 to 2025.
Based on mount type, the static mounts segment is projected to lead the weapon mounts market during the forecast period. The high demand for remote weapon stations is a key contributor to the growth of this segment. Demand for remote weapon stations can be attributed to the significant investments made by countries such as the US, Saudi Arabia, India, China, and South Korea to upgrade their armored vehicles fleet to include remote weapon stations.
Asia Pacific is projected to be a high growth market for weapon mounts during the forecast period.
The weapon mounts market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Various 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, among others.
In 2020, FN Herstal secured a contract worth USD 110 million for the supply of 2,620 FN SCAR H PR rifles from the French Ministry of Defense under its Fusil de Précision Semi-Automatique (Semi-Automatic Precision Rifle, FPSA) program. The contract includes the supply of a total of 2,620 rifles with day sights and accessories such as bipods and suppressors.
In 2018, ISTEC Services Ltd. secured a contract worth USD 334,870 for the supply of weapon mounts to the Canadian Ministry of Defense.
In 2018, Leonardo S.P.A signed a contract with the German Federal Agency for Military Procurement (Bundesamt für Ausrüstung, Information Technology and Nutzung der Bundeswehr) for the supply of seven OTO 76/62 systems (Super Rapid version) to equip the K130 corvettes of the German Navy.
Major players in the weapon mounts are Kongsberg Gruppen (Norway), Raytheon Company (US), Elbit Systems (Israel), Saab AB (Sweden), BAE Systems (UK), Dillion Aero (US), AEI Systems Ltd. (UK), FN Herstal (Belgium), Capco LLC. (US), and ISTEC Services Ltd. (UK), among others.
Don’t miss out on business opportunities in Weapon Mounts Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441