Remote Weapon Station Market

Long-Term Contracts and New Product Launches are Among the Key Strategies Adopted by the Leading Players to grow in the Remote Weapon Station Market

The remote weapon station market is expected to grow from an estimated USD 8.48 billion in 2018 to USD 14.42 billion by 2023, at a CAGR of 11.20% during the forecast period. Kongsberg Gruppen (Norway), Elbit Systems (Israel), Raytheon Company (US), Saab AB (Sweden), Leonardo-Finmeccanica (Italy), and Thales Group (France), among others, are the key players in the remote weapon station market. These companies are expected to continue to lead during the forecast period.

These companies have manufacturing facilities worldwide and are focused on technological innovations and the development of high-quality remote weapon systems. The remote weapon station market is highly competitive, with a large number of global and local market players who have adopted various strategies to expand their global presence and increase their market shares. Contracts & new product launches are the major strategies adopted by market players to grow in the remote weapon station market.

Top 2 players of the remote weapon station market

Kongsberg Gruppen (Norway) operates through 3 business segments, namely, Kongsberg Defence & Aerospace, Kongsberg Maritime, and Kongsberg Digital (considered under other activities segment). The company merged the 2 business divisions, Kongsberg Protech Systems (KPS) and Kongsberg Defence Systems (KDS) and formed Kongsberg Defence & Aerospace as one segment in October 2017. The company is a major supplier of remote weapon stations to the US Army and is part of the US Army’s Common Remotely Operated Weapon Station (CROWS) program. Kongsberg has supplied around 20,000 RWS to 19 countries worldwide. Kongsberg PROTECTOR remote weapon stations can be modified as per the end user’s needs. The company has been awarded several contracts in recent years. Long-term contracts is the major strategy adopted by Kongsberg Gruppen (Norway) to strengthen its position in the remote weapon station market. Some of the notable contracts awarded to Kongsberg Gruppen (Norway) include a 5-year contract worth USD 970 million from the US in August 2012 to supply system support and technical engineering support for its M153 CROWS program. This contract has helped the company to broaden its product portfolio, and become one of the major providers of remote weapon stations in the global market space.

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The Raytheon Company (US) mainly offers its Phalanx Close-In Weapon Systems (CIWS) to various navies worldwide. The company is a major player and has received several contracts from countries of North America, Asia Pacific, and Europe. The company, in recent years, has laid major emphasis on the contracts and acquisitions strategies to strengthen its product portfolio as well as position in the remote weapon station market. For instance, in 2016, Raytheon was awarded a contract worth USD 25 million by the US Navy to support the land-based Phalanx weapon system spares. In 2015, the company received a contract worth USD 159.9 million to supply Phalanx’s Close-In Weapons System (CIWS) mounted with a 20 mm gun system to the US Navy. The Phalanx’s 20 mm gun system automatically tracks and destroys enemy threats with the computer-controlled radar. Phalanx provides close-in defense against air, land, and sea threats. This contract has helped the company to increase its revenue to boost its Phalanx System.

Companies such as Elbit Systems, (Israel), Leonardo S.p.A. (Italy), Saab AB (Sweden), and Thales Group (France) have made significant contribution to the global remote weapon station market. These companies, along with Electro Optic Systems (Australia), are expected to witness significant growth in the coming years, primarily owing to the long-term contracts and new product developments strategies adopted by them in recent years.

Related Reports:

Remote Weapon Station Market by Application (Military, Homeland Security), Platform (Land, Airborne, Naval), Component (Sensors, HMI, Weapons & Armaments), Weapon Type (Lethal, Non-lethal), Mobility, Technology, and Region - Global Forecast to 2023

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Remote Weapon Station Market Size,  Share & Growth Report
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