The remote weapon station market is projected to grow from USD 8.48 billion in 2018 to USD 14.42 billion by 2023 at a CAGR of 11.20% from 2018 to 2023. The market for remote weapon stations is driven by several factors, such as rising number of wars and cross-border disputes, rise in asymmetric warfare, and increasing military use of offensive weapons for tactical operations.
The market for remote weapon stations is driven by several factors, such as rising number of wars and cross-border disputes, rise in asymmetric warfare, and increasing military use of offensive weapons for tactical operations.
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Major companies profiled in remote weapon station market report are Elbit Systems (Israel), Kongsberg Gruppen (Norway), Raytheon Company (US), Saab AB (Sweden), Leonardo S.p.A (Italy),Electro Optic Systems (Australia), ASELSAN A.S. (Turkey), MOOG (US), Rafael Advanced Defense Systems (Israel), F N Herstal (Belgium),and Rheinmetall AG (Germany), among others.
2 Market Dynamics
1 Increasing Demand for Remote Weapon Stations for Military Applications From Various Countries
2 Rising Incidences of Asymmetric Warfare
3 Growing Need for High-Precision Remote Weapon Stations
1 Ongoing Military Modernization Programs in Various Countries Across the Globe
2 Increasing Defense Expenditure By Emerging Economies
1 Complexity Involved in the Integration of Remote Weapon Stations With A Wide Range of Platforms
2 High Development Cost of Stabilized Remote Weapon Stations
Remote weapon station market has been broadly classified on the basis of application (military, homeland security), platform (land, airborne, naval), component (sensors, human machine interface, weapons& armaments), weapon type (lethal, non-lethal), mobility (stationary, moving), technology (close-in weapon systems, remote controlled gun systems, and others), and region.
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The remote weapon station market has been segmented into close-in weapon system, remote controlled gun system. Close-in weapon system segment of remote weapon station market is projected to grow at highest CAGR during forecast period.
Growth of close-in weapon system segment can be attributed to increasing research &development activities worldwide for development of advanced technologies & enhanced reliability and unmanned operations of weapon systems.
Remote Weapon Station Market, By Mobility
Remote Weapon Station Market, By Technology
2 Close-In Weapon Systems (CIWS)
3 Remote Controlled Gun Systems
Europe is estimated to lead, while the Asia Pacific region is projected to grow at a higher rate in the remote weapon station market during the forecast period. The UK, France, Russia, Italy, and Germany are the key markets for the remote weapon station in Europe.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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The market size estimations for various segments and subsegments of this market were arrived at through extensive secondary research that included government sources, such as the US Department of Defense (DoD), the US Army website, company website, corporate filings, such as annual reports, investor presentations, and financial statements, and trade, business, and professional associations, among others, corroboration with primaries, and further market triangulation with the help of statistical techniques using econometric tools.
List Of Tables
Table 1 Expected Future Requirement for Remote Weapon Stations, By Country
Table 2 Global Military Expenditure, By Emerging Economies, 2011-2016 (USD Billion)
Table 3 Important Innovation & Patent Registrations, 2002-2016
Table 4 Remote Weapon Station Market Size, By Application, 2016-2023 (USD Million)
Table 5 Remote Weapon Station Market in Military, By Region, 2016-2023 (USD Million)
Table 6 Remote Weapon Station Market in Homeland Security, By Region, 2016-2023 (USD Million)
Table 7 Remote Weapon Station Market Size, By Platform, 2016–2023 (USD Million)
Table 8 Remote Weapon Station Market Size for Land Platform, By Region, 2016-2023 (USD Million)
List of Figures
Figure 1 Remote Weapon Station Market Segmentation
Figure 2 Countries Covered: Remote Weapon Station Market
Figure 3 Research Flow
Figure 4 Remote Weapon Station Market: Research Design
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
The growth of the market in the European countries is primarily attributed to technological advancements and rising incidences of armed conflicts or war against terrorism and also recent geopolitical events triggered by Russia that have led many Eastern Europe countries to enhance their defense capabilities.
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