Remote Weapon Station Market is anticipated to worth USD 15.7 billion by 2025
Published | 19 June 2019
According to BlueWeave Consulting, The global Remote Weapon Station market is anticipated to worth USD 15.7 billion by 2025, with a CAGR of 10.7% during 2019-2025. This growth is owing to the rising need for remote weapon stations for military purposes and the mounting requirement for high-exactitude remote weapon station.
Moreover, the primary factor driving the market growth is the increasing need for weapon stations in military spending to innovate and develop robust weapon systems to revolutionize the defense forces across the globe.
Furthermore, the upsurge in demand for remote weapon stations in the emerging countries such as India, Japan, and Saudi Arabia, to equip the defense forces and homeland security with the latest weapons and armaments, will accelerate the growth of the Remote Weapon Station market. Additionally, rising demand rising incidences of asymmetric warfare and increasing demand for a safe and highly maneuverable gun system on a warfare platform will contribute to the Remote Weapon Station market growth during the forecast period.
Also, the rapidly growing adoption of remote weapon stations for the naval sectors in developing countries, technologically advanced land warfare systems, continuous evolution of existing combat platforms, and interrelated warfare are expected to boost the Remote Weapon Station market in the upcoming year.
CIWS type of Technology of Remote Weapon Station market is projected to be the leading segment of the overall market during the forecast period
Based on Technology, the Remote Weapon Station market has been segmented into Close-in-weapon-system (CIWS) and Remote Controlled Gun Systems. Close-in-weapon-system dominates the global Remote Weapon Station owing to its features such as detecting and terminating short-range incoming missiles and enemy aircraft. Increasing demand for Remote Controlled Gun Systems due to its properties such as fire-on-the-move capability, day and night imaging, and automatic target tracking is expected to fuel the need for the remote weapon system.
Sensors type of Components of Remote Weapon Station market is projected to be the dominating segment of the overall market during the forecast period.
On the basis of Technology, the Remote Weapon Station market has been segmented into Sensors, HMI, and Weapons & Armaments. Based on the Components, Sensors are expected to dominate the Remote Weapon Station Market due to the growing demand for autonomous ability to rapidly evaluate the overall tactical scenario and respond efficiently to identify threats. The weapons & armaments will influence by the increasing demand of missiles or rockets, direct energy weapons, and guns.
Land type of platform of Remote Weapon Station market is expected to be the leading segment of the overall market during the forecast period.
On the basis of the platform, the Remote Weapon Station market has been segmented into Land, Airborne, and Naval. Land dominates the market due to the bolstering demand in main battle tanks, armored personnel carriers. The order for airborne remote weapons system is expected to increase due to its application use in fighter aircraft, helicopters, and others.
Lethal Weapon type of Remote Weapon Station market is anticipated to be the dominating segment of the overall market during the forecast period
On the basis of weapon type, the Remote Weapon Station market has been segmented into Lethal Weapon and Non-lethal Weapon. Lethal Weapon will lead the segment owing to easiness of integration, faster configuration, and easiness of operation and guiding. The demand for Non- lethal will be influenced by military police for peacekeeping and controlling the movement of civilian populations.
The military is projected to lead the industry for utilizing applications of the Remote Weapon Station during the forecast period.
On the basis of application, the global Remote Weapon Station market has been segmented into Military and Homeland Security. By Application, the Military will lead the market owing to increment in demand for usage of active weapons defense forces across the globe. Homeland Security will boom by growing usage of the remote weapon system for the internal security of any country.
North America accounts for the lion’s share of the global Remote Weapon Station market during the anticipated period.
On the basis of region, the Remote Weapon Station market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world Remote Weapon Station market over the forecast period owing to the presence of giant players of remote weapon couple with a rising in investment in the defense sector by the USA government. Europe will be growing by technological advancements and rising incidences of armed conflicts or war against terrorism. The Asia Pacific will be the fastest-growing market due to the rise in the defense budget by major countries like China and India.
Global Remote Weapon Station Market Competitive Landscape
Companies such as Raytheon Company, Elbit Systems, Kongsberg Gruppen, General Dynamics Corporation, Leonardo S.P.A., Rafael Advanced Defense Systems, Rheinmetall AG, BAE Systems Plc, Saab AB, Aselsan A.S, Rafael Advanced Defense Systems, and Electro Optic Systems are the key players in the global Remote Weapon Station market.
Browse Detailed Analysis with TOC, “Global Remote Weapon Station Market Size, by Technology (CIWS and Remote Controlled Gun Systems), by Component (Sensors, Human-machine interface(HMI), Weapons & Armaments), By Platform (Land, Airborne, Naval), By Weapon Type (Lethal Weapon and Non-lethal Weapon), By Application (Military, Homeland Security), by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Growth Potential, Trends Analysis, Competitive Market Size and Forecast, 2015-2025”
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