Remote Weapon Station Market Opportunities and Challenges | Global Forecast to 2023


Posted February 13, 2020 by sandeep_roy

The remote weapon station market was valued at USD 7.67 billion in 2017 and is projected to reach USD 14.42 billion by 2023, at a CAGR of 11.20% during the forecast period.

 
The Global Remote Weapon Station Market was valued at $7.67 billion in 2017 and is projected to reach $14.42 billion by 2023, at a CAGR of 11.20% during the forecast period. This report covers the forecast of the remote weapon station market and its dynamics over the next 5 years, while also recognizing market application gaps, recent developments in the market, and high potential countries.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=172094776

Key Market Players:

Kongsberg Gruppen (Norway), Raytheon Company (US), Elbit Systems (Israel), Saab AB (Sweden), Leonardo S.p.A. (Italy), BAE Systems (UK), Rheinmetall AG (Germany), ASELSAN A.S (Turkey), and FN Herstal (Belgium)

Based on platform, the land segment is expected to lead the remote weapon station market during the forecast period.

Based on platform, the remote weapon station market is estimated to be led by the land segment in 2018 and is expected to continue to lead till 2023. Emerging countries, such as China and India, among others, are building large forces of Infantry Fighting Vehicles (IFVs) and armored vehicles. These countries are investing more in automated technologies and focusing on manufacturing a wide range of offensive fighting vehicles. For instance, in 2016 India signed a contract with Russia for the supply of 464 T-90 main battle tanks that will help the country significantly in its offensive operations vis-à-vis China and Pakistan.

The sensors segment is projected to grow at the highest CAGR during the forecast period.

The remote weapon station market has been analyzed and segmented based on component into human machine interface, sensors, and weapons & armaments. The remote weapon station market is led by the weapons & armaments segment. The sensors segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the use of the sensor fusion technology, and the sensor suite, which continues to be upgraded to deliver enhanced detection and decision-making. Combining data from key sensors provides the warrior an autonomous ability to rapidly evaluate the overall tactical scenario and respond efficiently to identify threats.

Based on region, Asia Pacific is projected to grow at the highest CAGR during the forecast period

The rapid growth of the remote weapon station market in the Asia Pacific can be attributed to the increasing defense budgets to innovate and develop robust remote weapon stations by emerging countries, such as China and India. For instance, India-based companies, such as Mahindra Defense Systems and Bharat Electronics, recently launched their newly developed remote weapon stations for armored vehicles. China is estimated to account for the largest share of the Asia Pacific remote weapon station market in 2018. This rapid growth can be attributed to the increasing research & development activities undertaken in the region for the development of advanced technology-based designs of remote weapon stations.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=172094776



About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets Research Pvt. Ltd.
Country United States
Categories Defense , Reports , Security
Tags Remote Weapon Station Market , remote controlled weapon station , Automatic Weapons Market
Last Updated February 13, 2020