Rise in asymmetric warfare, and increased
deployment of remote weapon stations on combat vehicles are the key factors
driving the remote weapon station market
The remote weapon station market is
estimated 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 remote weapon station market has been
segmented on the basis of application, platform, component, weapon type,
mobility, technology, and region.
Download
PDF Brochure: https://bit.ly/2N8JHhY
Based on application, the military segment of the remote weapon station
market is estimated to grow at the highest CAGR during the forecast
period. Militaries worldwide operate remote weapon stations, which enable crews
of numerous combat service support vehicles to defend themselves while
providing critical and necessary ammunition, food, water, and fuel in the areas
of engagement. The demand for remote weapon stations is also increasing due to
the rise in the asymmetric nature of warfare. Close combat operations, fire
support to foot soldiers, and area defense are the major tasks performed by
remote weapon stations.
Based on platform, the land segment of the remote weapon station market is
estimated to grow at the highest CAGR during the forecast period due to the installation
of remote weapon stations on different platforms including armored fighting vehicles,
unmanned ground vehicles, and ground stationary,
among others. Technological advancements with
respect to the design of weapon systems of various calibers are estimated
to drive the land segment of the remote weapon station market during the
forecast period.
Based on weapon type, the lethal
weapons segment is estimated to lead the remote weapon station market in 2018.
Lethal weapons have been further categorized
into small caliber and medium caliber. The small caliber segment is estimated
to lead the remote weapon station market during the forecast period. This can be
attributed to the increased demand for small caliber weapons that can be installed with remote weapon stations on
land, naval, and airborne platforms. Countries such as China and India are expected
to procure such weapons during the forecast period.
Europe is expected to be one of
the largest markets for remote weapon stations in
the near future. Remote weapon stations are
expected to drive military operations, as these protect personnel from
direct fire, thus leading to a decline in casualties. The importance of troop
safety and enhancement of the kill power
of a warfare platform are driving major manufacturers and service providers in the
region to develop techno-efficient combat systems and unmanned systems with remote
weapon stations.
The Asia Pacific remote weapon
station market is projected to grow at the highest CAGR during the forecast
period, followed by the Middle East and North America. This can be attributed to the
increasing demand for remote weapon stations due to the procurement of new
military platform fleets. Various countries in the Asia Pacific have increased
their defense budgets and are carrying out aggressive military modernization
programs. These modernization programs are fueling the growth of the market for
remote weapon stations in this region.
Comments
Post a Comment