The weapon mounts market size 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 across the globe can be attributed to the new installations of weapon mounts in emerging economies and ongoing upgrades to existing systems in developed countries.
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, are some of the leading players operating in the weapon mounts market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market, such as contracts, new product launches, acquisitions, partnerships, collaborations, and research & development (R&D) activities to further expand their presence in the weapon mounts market.
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ISTEC Services Ltd. (UK) is the leader in the weapon mounts market. The company has one of the broadest product portfolios, covering both static and non-static mounts. It offers 13 different types of turrets and 13 types of pintle/pedestal mounts. It offers 9 types of swing arms that are compatible with its pedestals. Additionally, the company offers 13 types of remote weapon stations. It caters to the land and naval platforms, covering manned and remotely operable weapon mounts. In November 2018, ISTEC Services Ltd. secured a contract worth USD 334,870 for the supply of weapon mounts to the Canadian Ministry of Defense.
Military Systems Group (US) ranks second in the weapon mounts market. The company also has a broad portfolio of weapon mounts, offering 29 types of static mounts. It offers 11 types of turrets, 18 types of pintle/pedestal mounts, and 9 swing arm variants. The company’s products can be used on land, naval, and airborne platforms. Its mounts are not remotely operable. In December 2018, Military Systems Group acquired Richland LLC., a custom metal fabrication company. The acquisition is expected to help Military Systems Group produce more weapon mounts to meet the volume of orders it has been receiving over the years.
Dillon Aero (US) ranks third in the weapon mounts market. The company is a key supplier of weapons and weapon mounts for the airborne and naval platforms. The company’s main customer is the US Department of Defense, though its mounts are widely used globally. Its door mounts for rotorcraft are used by multiple countries. Its gun pods for rotorcraft and aircraft can be remotely operated. In December 2017, Dillion Aero secured a contract worth USD 743,275 from the Polish MoD for the supply of an unspecified number of M134 miniguns. The contract is assumed to be for both, miniguns as well as weapon mounts.
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
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