October 27, 2020
According to the recent research report titled ‘Weapon Mounts Market Size By Type, By Mode of Operation, By Application, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global weapon mounts market is anticipated to showcase a strong growth rate through 2026.
As per the findings of the report, favorable trends associated with trade of armaments, escalating demand for remotely operated weapon systems, and increasing defense expenditure are the key factors impelling global weapon mounts market growth. In addition, rising concerns regarding internal and external security threats are bolstering the demand for weapon mounts.
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For the uninitiated, weapon mounts fulfill the requirements of modern defence personnel, offering more maneuverability and versatility to weapons. They are normally attached to land-based combat vehicles, boats, submarines, and helicopters. The modular weapon mounting system also provide enhanced protection and fast accessibility, which promotes their adoption, consequently enhancing global weapon mounts market outlook.
Furthermore, extensive deployment of remote weapons stations on air, sea, and land-based battle platforms has significantly expanded global weapons mount market size. Among these, the naval remote weapon system is responsible for generating substantial demand for weapon mounts, particularly for custom-designed units that can maintain optimum operational efficiency in harsh environments at sea and installed on ships or warships.
Increasing popularity of autonomous vehicles for military and defence operations is expected to accelerate the growth of the market. The adoption of unmanned fighting vehicles is motivated by technological progress in the mounting process for addressing the evolving requirements, further propelling the industry growth. However, complex structure and technical expertise requisites are likely to restrain global weapon mounts market expansion over the estimated timeframe.
Citing the regional landscape, Latin America weapon mounts industry is projected to record a CAGR of 1.5% over the assessment period. Meanwhile, Middle East & Africa market is likely to account for 20% of market share due to ongoing civil wars across the region. Moreover, inflowing defense expenditure in economies such as Israel and UAE are strengthening the global business scenario.
Major contenders in global weapon mounts market are Fjord Defense AS, AEI Systems Ltd., BAE Systems Ltd., Krauss-Maffei Wegmann GmbH & Co. KG, Elbit Systems Ltd., Kongsberg Defense & Aerospace AS, Rheinmetall AG, Electro Optic Systems Pty Ltd., Rafael Advanced Defense Systems Ltd., Otoker, Moog, Inc., JSC Rosoboronexport, Leonardo S.p.A., Fabrique National Herstal, and Dillon Aero, Inc.