The major driving factor for the remote weapon station market is the increasing need for remote weapons station in the defense forces across the globe. The remote weapons station helps the military troops efficiently during close-in combat situations. Owing to this fact, the demand for remote weapons station is increasing among the defense forces in the developed as well as developing nations. Moreover, rise in political conflicts, and regional conflicts in different parts of the world is also increasing the usage of remote weapon stations by the homeland securities and law enforcement agencies, which is boosting the market to grow over the period.
The growth of market for remote weapon stations is hindered by the high development cost of the stations. The remote weapon stations consists of various expensive sensors and fire control systems which increases the price of the ultimate product. This in turn limits adoption rate of the systems among the defense forces in many emerging nations.
The increase in military spending to innovate and develop robust weapon systems in order to modernize the defense forces across the globe is acting as a major opportunity for the market for remote weapon stations. This is attributed to the fact that, the developed countries such as the U.S, the U.K, Germany, Russia, China among others and developing countries such as India, South Korea, Saudi Arabia, and South Africa among others are investing substantial amounts in developing latest technology weapons which include remote weapon stations. The growing investments in the research and development among the defense forces are expected to boost the market for remote weapon stations in the coming years. In addition, the growing demand for remote weapon stations in the emerging countries such as India, Japan, Saudi Arabia, and Brazil in order to equip the defense forces and homeland security with the latest weapons and armaments, is also anticipated to bolster the remote weapons stations market.
The market for remote weapons station is segmented on basis of components, weapon caliber, application, platform, and geography. The various components of remote weapons station are sensors, fire control station and weapon & armament. The fire control systems segment accounted for the majority market share and the sensors segment is expected to expand at an influential rate. Small caliber and medium caliber segments constitute the weapon caliber segment in the remote weapons station market. Due to the growing demand for long range lethal weapons, the medium caliber segment led the market and is expected to lead the market in future. In terms of application, the remote weapons station market is bifurcated into military forces and homeland security. The military forces dominated the market in past, due to increased usage of active weapons and non-lethal weapons in the defense forces across the globe. The platform segment in the remote weapons stations market includes airborne, naval and land. The land segment sis further segmented as main battle tanks, armored personnel carriers. The naval segment is sub segmented as remote gun turret and close-in weapons stations. The land segment dominated the market in 2016 and is expected to retain its dominance over the period due to increased focus on close combat warfare systems, and demand for soldier safety on a battleground. Geographically, the market for remote weapons stations is categorized as North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The huge investments from the U.S in order to develop technologically robust weapon stations led North America to dominate the market in 2016, while continuous focus on up gradation of weaponries is helping the Europe market for remote weapons stations to grow in future at a faster rate.
The major players operating in the field of remote weapons staions across the globe are Raytheon Company (U.S), Elbit Systems (U.S), Kongsberg Gruppen (Norway), General Dynamics Corporation (U.S), Leonardo S.P.A. (Italy), Rafael Advanced Defense Systems (Israel), Rheinmetall AG (Germany), BAE Systems Plc (U.K), Saab AB (Sweden), Aselsan A.S (Turkey) and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.